Backwaters 2012 gets underway at IIM Kozhikode

Backwaters- The Annual B-School Meet organized by Indian Institute of Management (IIM), Kozhikode got underway on November 9, 2012 with a range of events conducted throughout the day. The three day extravaganza promises to bring together students from across the best management institutes in the country to participate in events ranging from business simulation games, case studies, strategy events, etc. across the 6 verticals (Finance, Marketing, Systems, Strategy, and Operations & Human Resource).

Day 1 of Backwaters saw five teams battling it out at the finals of Mbryo, the product innovation marketing strategy case event. Team Warriors from IIMK took the top honours. This was followed by the finals of Avalamb which saw the finalists presenting to the Kerala State IT Mission representatives how best Adhar can be put to use. This event was won by a team from NLSIU Bangalore.

The workshop series- Shiksha was a resounding success with 68 participants from various UG colleges in Kerala. Test Funda gave out 10 scholarships based on an aptitude test conducted by them. Also, 4 winners were given Yebhi.com vouchers.  The workshop was received positively by the students.

The spot events were immensely popular the students. The Brand Quiz – brandoholics saw over 25 teams pitted against each other. Team Brand Baaja Baaraat from IIMK emerged winners. This was followed by Wall Street, the international trade event, a three hour marathon grey cell churner which had 4 member teams engaged in commodity trading across borders. JAM saw the witty tongued participants competing in Queens English. Utkarsh Rastogi from IIMK emerged winner. To cool the heels, the last event of the day was the Counter Strike Tournament; It was a long Day 1, a prelude to   what is in store for the next two days. Truly, the Backwaters fever is on!

The highlight of the day was most certainly The Great Debate featuring panelists drawn from the industry, media and academia. The topic of contemplation was “Privatization reduces corruption”. Mr. Upal Chakraborty, former Head of IT/CIO of Reckitt Benckiser, PepsiCo and Convergys, Prof. Deepak Dhayanithy, Professor, Strategic Management at IIM Kozhikode, Dhruv Shah, Student at IIM Bangalore and Dipto Kar, Student at IIM Kozhikode spoke for the motion. On the other side of the panel speaking against the motion were Mr. Paranjoy Guha Thakarta, independent journalist, educator and a commentator, Professor AF Mathew, Professor, Humanities & Liberal Arts in Management at IIM Kozhikode, Ajay Prasad, Student at IIM Kozhikode and  Akash, Student at SCMHRD spoke against the motion.

Mr. Paranjoy drew from his vast experience in media to recount countless instances of private enterprises engaging in corrupt practices at a scale much larger than the government companies thus stating clearly his opinion that Privatization is no means to end corruption. Mr. Upal Chakraborty rebutted this opinion with the argument that the utility of privatization as a policy measure is unquestionable and what needs to be pondered upon is the need for the increased transparency in the privatization process. Prof. Matthew raised the issue of moral corruption and cited the instances of Cuba, Argentina and Chile to state the failure of private enterprises in reducing corruption. Prof. Dayanithy drew a contrast between pre and post liberalization India to state how privatization has reduced the extent of corrupt practices. A range of questions asked by the audience to the panelists brought the curtains to the first day of the event.

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