Avatar – the Leadership Quest begins…

Avatar is the search for the next leader. The event sponsored by ITC spans over a three-day period. Representatives of the Top B-Schools  have come for this event. The brightest minds of the country are trying to prove their mettle and one of them will emerge as the next big leader. The first day saw them running from pillar to post in the streets of Calicut doing a retail survey of ITC products. The participants were also presented a case, the solution to which they have to prepare in two days time.

They were put through a barrage of questions on the first half of second day in the Avatar Quiz, testing their knowledge of the Business World and applications of classroom concepts. The competition is getting tougher as well as more interesting day by day.

Future rounds involve Boardroom discussions which will see them donning hats of the CXOs of the organisations and devising strategies for the success of their organisation. Lets see how the event unfolds !!

Horizons 2010- Day 1, Session 2

“…India has revived and redeemed itself but needs to go one step further and reaffirm itself…”

                                                         – Mr. M. K. Sinha, CEO IDFC Project Equity

Mr. M. K. Sinha, CEO IDFC Project Equity, delivered a talk in the second session of Horizons – the Annual Speakers Conclave of IIM Kozhikode .Mr. Sinha complimented IIM Kozhikode on its beautiful campus which is the cynosure of all eyes. Moreover he also lauded the organizing team of Backwaters for selecting the much relevant theme of this year’s Backwaters-‘Discover the Difference-Revive, Redeem and Reaffirm’. He started off his session with a brief introduction of IDFC Project Equity and how it carries out the work of scanning the financial landscape in India. His speech also encompassed his musings on the subthemes of ‘Revive, Redeem and reaffirm’ in the Indian context. According to Mr. Sinha, historically, China and India had had a bulk share of the World trade earlier, though they now account for a small share in the world trade. In his opinion, China has presently gone through the phase of ‘reviving, redeeming and reaffirming’ itself. India has been mainly in the ‘redeeming’ phase and needs to ‘reaffirm’ itself to be a big player in the world. Also he opined that Africa will be the next big thing. According to Mr. Sinha, infrastructure is the crux of a country’s economy and IDFC is doing very well in that field. India can leverage very much on its advantages, notably the quality of its education institutions, the law system of India, a strong banking system and strong regulation of its capital markets. However, the labour laws need amendment. India has taken some very well measured steps to reaffirm itself in the world economy .To name a few of them-it has played a well-defined role in the climate change discussions ,the nuclear energy talks with US ,vying for a permanent seat in the UN Security Council .

Young Guns gets off to an enthusiastic start…

Young Guns started firing on 19th with the much awaited event getting off to a flying start. It targets at identifying the creative management brain, which is sharp, smooth and sure. Young Guns is brought to you by Blackberry menswear and NDTV profit along with Backwaters, IIM Kozhikode. Three day management fest of IIM Kozhikode, backwaters, also saw its opening yesterday. Young guns is one of the major attractions for the fest.

The audience was kept updated with regular updates pouring in since the morning itself. The preparation of event, the arrival of participants and their discussion with Ashutosh Sinha of NDTV, the host for the show, was all being shared with the world with status messages being updated and pictures being uploaded. The participants had come from various corners of the country, with people coming from as far as FMS Delhi, IIM Ahmadabad and IIM Calcutta. There were three participants from IIM Kozhikode. The search for young gun had sole female participant as Tanushree Pathak from Nitie, Mumbai. All the participants received business suits from Blackberrys. Aparajita, from Blackberrys described the costume as symbolic of transitions in life, and the suits presented to the participants symbolized the professional transitions that most of them are about to make. Many of the participants seemed anxious while there were some who managed to see the light side of the things. Bafpalbir Singh said that the main problem that he faces is that the suit given to him is black whereas his turban is blue, and they won’t go matching with each other!

Mr. Ashutosh Sinha briefed them regarding the first round and how it would go. The suspense about subsequent rounds continued for some more time. Meanwhile Mr. Ashutosh Sinha had a small discussion with the campus correspondent Sajal, which saw significant bonding developing between the two of them who also share the same hometown Ranchi. Ashutosh said that he has been to many campuses across the country but nothing comes close to this campus- “not only is this the best, it is by far the best”. He talked about the importance of diversity in management education, at length, and he explained how people from different backgrounds have different things to learn from each other. Talking about the concept of young Guns, he said a young gun is someone who can make the right decisions today which will help him or her in the years to come. The presence of Ashutosh gave a whole new dimension to the event.

The first round of young guns involved the presentations made by the participants about a case related to media and entertainment industry. The honorable judges were Mr. Keyoor Purani and Mr. Atanu Adhikari, two of the distinguished faculty members of IIMK. For the case presentation,  most of the young guns fired on the same target while suggesting similar strategies. Also with most of them doing pretty well, it is unlikely that this round will give someone a clear edge. In any case it was not an elimination round and we will have to wait and see what difference do the points carried forward from this round make in the future. The presentations were followed by a small round of questions and answers where judges asked for certain explanations and clarifications from a few participants.

The event gets heated up on its second day when the young guns also start firing at the fellow participants. The next round is a debate round with the topic that has been decided upon being- India vs Bharat. Don’t miss the action.

For regular updates stay tuned to our fb page:

http://www.facebook.com/BlackberrysMensFashion#!/BlackberrysMensFashion?v=app_7146470109

Horizons 2010- Day1, Session 1

“…FMCG Industry is a different ball game of the art of negotiation…”

                                                                     – Mr. Chander Mohan Sethi, CMD, Reckitt Benckiser (India) Ltd.

The most awaited event in IIM Kozhikode’s annual itenarary has started today at the institute’s scenic campus in Kozhikode. The opening ceremony of Backwaters (Annual Management Fest of IIM Kozhikode), held inside IIMK auditorium, witnessed an overwhelming response from Indian B school community. In conjunction with Backwaters, Horizons– the Annual Conclave of Speakers-has also successfully commenced with two notable speakers-Mr. Chander Mohan Sethi, Regional Director, South Asia and Chairman and Managing Director, Reckitt Benckiser (India) Ltd. and Mr. Ananth Narayana, Director of Health Care Projects, Cognizant, India.

Horizons, organized by the Industry Interaction Cell of IIMK, started with a speech by Mr. Chander Mohan Sethi. His speech was illustrated with examples from his illustrious career in Reckitt Benckiser. According to Mr. Sethi, his ambition had always been to make, do and grow business. He discussed about his likes and interests, particularly interacting with the people in his company who form the main interface with the customers, and about his passion for communicating with the brightest minds of the country. He spoke at length about the FMCG Industry and how it has evolved since 1980s and the factors which influence growth and momentum within the industry. “Nowadays it is an open world and there is nothing that is geographically limited” – he said. He also commented on an article about the rising growth of China. According to him, “the decade might have belonged to China, but the century will belong to India”. Mr. Chander also urged the student community to ‘profile themselves’ and to develop the skill and art of knowing about ‘consumer insights’ in order to make a career path in the world of marketing. Morever, he advised the audience to ‘learn to challenge sensibly’. There is a growing presence of Indian talent in multinational companies and Mr. Sethi mentioned that Reckitt Benckiser has a lot of Indian people holding important and high managerial positions in its offices all over the world. In his opinion, it is a continuous moral challenge for a businessman or businesswoman to not destroy the success of their predecessors or maintain the image or reputation created by those predecessors. On behalf of the FMCG Industry, he highlighted the fact that the industry throws a lot of challenges because stakeholders have to dedicate their energy to a dynamic environment where everything changes and different geographical locations are involved. In conclusion, he wished that “India would have opened up (liberalized) some thirty years back” so that there would have been more challenges involved in the Indian FMCG scenario.

The second speaker to deliver a talk on the Horizons stage was Mr. Ananth Narayana, Director of Health Care Projects of Cognizant India. Inspite of having had no formal education in management, Mr. Narayana, told the audience that his success is a product of the experience he gathered during the course of his career. He discussed about his career entry into IT before it was considered such an important business function and how he has experienced the evolution of IT Industry in this country. He also discussed about his quest for continuous learning and how the concept of ‘knowledge islands’ (people who have exclusive expertise in a particular field of knowledge which is not shared with other people within the organization) should be devoloped in a particular company or organization. He further discussed about the ‘Four Forces’ which are shaping the ‘Future of Work’ in Cognizant Technology Solutions Ltd- Globalization, Virtualization, Cloud and Milennials. Morever, he explained the success of Cognizant as one of the first players in the IT industry to have focused its business purely on Vertical specialization.

Other events which have commenced on Day One at Backwaters include “Young Guns – Search for the Sharp, Smooth, Sure” in association with Blackberrys, “Avatar – the Leadership Quest” in association with ITC, Chain Reaction – The Operations Strategy event along with a promotional talk by Nokia among others.

IIM-K Summer Placement – 2010

Indian Institute of Management, Kozhikode announced the successful completion of the summer placements process for its fourteenth batch of PGP participants (2010-12). The selection process saw participation from over 130 firms. Participation of companies in such large numbers reaffirmed the buoyancy in the industry and reflected strong market sentiments in terms of quality talent acquisition. With an increase in batch strength, IIM Kozhikode has made a concerted effort to move towards more well rounded profiles. The diversity in the batch was well appreciated by recruiters who seemed quite satisfied to find more varied profiles in terms of academic and professional backgrounds to choose from.

Behemoths on the global scene such as HUL, P&G, Deutsche Bank, Citi, HSBC, ITC, Deloitte, PwC, Arthur D. Little, JPMorgan Chase, Colgate-Palmolive, Johnson & Johnson, PepsiCo and Standard Chartered Bank again considered IIMK as a preferred destination for quality talent. The highest stipend offered this year was over ì 1.5 Lakh and the average stipend saw an increase of over 80% from the previous year. “It is really great to know that our regular recruiters have further fostered their relationship with IIM Kozhikode. This is indeed a good sign for the institute and for students who hope to secure challenging roles and profiles of their liking for internships. Also the increased participation of new recruiters is a testimony to IIM Kozhikode’s growing reputation in the industry” said Dr. G Sridhar, Chairperson Placements, IIM Kozhikode.

                                                               Figure 1: Vertical wise Break-up

Sales and Marketing emerged as the most preferred sector with 25% of the total offers made in this vertical. HUL, ITC, Marico, Colgate-Palmolive, PepsiCo, Asian Paints, Johnson & Johnson, Hindustan Coca Cola Beverages, Madura Garments, Kellogg’s, Heinz, Voltas, Tata Steel, Perfetti van Melle, Titan, and Avon among others were part of the summer intern hiring process.

Banks and other financial services firms continued their revival and extended offers to as much as 22% of the batch. Participation by the likes of Deutsche Bank, JPMorgan Chase, HSBC, Citi, Standard Chartered Bank, American Express, Elara Capital, ICICI Bank, Axis Bank, Singhi Advisors, UTI Mutual Funds, Birla Sun Life, Pears Capital etc. provided the students a plethora of opportunities to intern in the Finance sector, particularly asset management and investment banking. Roles in corporate finance and strategy were offered by business conglomerates like L&T and Escorts Group.

Firms that offered roles in the strategy and consulting vertical included Arthur D Little, Deloitte, PwC, Boston Analytics, Evolution Partners, Aqua MCG, Wipro, Capgemini, Knowledgefaber, Emergent Ventures, Asclepius Consulting, Littler Associates and Mindtree Consulting among many others.

Roles in operations and general management were offered by companies like Reliance Industries Ltd, Reliance Power (ADAG), Mahindra, Jindal Power and Steel, Apollo Hospitals, Ashok Leyland, L&T and Bertling Logistics. Prime recruiters among IT companies were Cognizant, TCS, Hewlett Packard, HCL, Patni, Aricent, Genpact and Tata Elxsi which dished out a variety of roles ranging from IT consulting to sales and project management. Companies from the telecommunication industry like Bharti Airtel and Idea also recruited from the campus.

Niche sectors: In a testimony to the increasing interest shown by students in non-conventional sectors such as media and entertainment, sports management, start-ups, health and wellness etc. students were more than keen to take up opportunities with firms such as MSM India (previously Sony Entertainment Television), Bennett Coleman & Co, McCann Erikson, Ogilvy & Mather, PMG Sports, Apollo Hospitals, Gomolo, Drishtee Foundation and Idobro.

As many as 60 new firms which include Saint Gobain, Daimler India, Onida, Cinepolis, Grasim, HT Media, GSS Infotech, Reubro International, UST Global, Astro All Asia Networks Plc participated in this year’s process. VCs/Incubators like Headstart Ventures, Indian Angel Network, Signal Point Partners also participated in the summers process for the first time. Some of the participating firms also went on to offer some unique managerial roles such as Executive Assistant to the CEO and other seniormanagerial positions to the interns.

Mr Sajiv Nair, Manager – Corporate HR at ITC, which recruited 5 interns, was very impressed with the quality of the participants in the placement process and expressed his satisfaction saying, “We want to build a long-term relationship with the institute. The candidates who participated in the process were top-notch. The level of enthusiasm and energy among the students was very high. The placements committee ensured that the process was conducted in a very smooth and professional manner.

Industry Interaction Cell presents Horizons 2010

HORIZONS 2010

Discover the difference!!

 

Horizons’ is a flagship management speaker conclave at IIM Kozhikode and has been a regular feature since 2000. It provides an avenue for discussions among top-notch corporate leaders from all over the world. The 3-day event, scheduled on 19th – 21st November along with the annual management festival ‘Backwaters’, would find the best corporate minds interacting with the students on campus. The event would consist of the following:

1. Speakers’ podium: There would be 3 speakers on each day talking with reference to our theme ‘Discover the Difference’ from an Indian perspective. The sub-themes for each of the 3-days are Revive | Redeem | Reaffirm wherein, the speakers would be providing us with deep insights on a variety of issues relevant to the day’s theme.

2. Panel Discussions: Apart from their interaction with the students, we have planned panel discussions among the speakers and faculty for each day.

 

History of Horizons:-

The annual flagship management conclave of IIM Kozhikode has come to serve as an ideal platform for thought leaders – past, present and future – to discuss and debate issues relevant to the prevailing times. Horizons 2009 was organized at a time when everyone was talking about recovery of world economy from the global recession, biggest since “The Great Depression. Horizons 2008 sought to examine the factors that have led to the rise of China and India, the resurgence of Japan and other Asian countries, and the resulting shift in the global business power dynamics. Horizons 2007 focused on ways to unlock the human potential in India and the redevelopment of rural India.

Some of the speakers who have graced Horizons in the past are:-

 Dr A.P.J. Abdul Kalam, Former President of India

Mr. Kiran  Karnik, Former President, NASSCOM,

and CNN-IBN Editor-in-chief

Late Prof. C.K.Prahlad, Padmashree Awardee

 

The team making it all possible – Industry Interaction Cell (IIC)

Industry Interaction Cell (IIC) facilitates communication and enables effective knowledge transfer between the institute and the industry.  IIC has always strived for enhancing the student-industry interaction through Horizons, Leadership series, Corporate events, Live projects and Curriculum Development. Industry stalwarts, policy makers, thought leaders from diverse backgrounds have regularly visited our campus. With speakers from diverse backgrounds, Horizons 2010 would be carrying this tradition forward.

Some of the recent activities that IIC has been involved are:

1. Leadership series: Some of the eminent personalities who have come to our campus in the recent past under the    leadership series are:

 

 

 

 

Mr. Kapil Sibal, Minister of HRD, Govt. of India

Padma Bhushan Dr. JJ Irani, Director, Tata Sons

Prof. Srikumar Rao, Author of “Are you ready to Succeed

 

2. Live Projects: Live projects ranging from private sector to the public sector in marketing, finance, operations, strategy domains have been executed which have given an opportunity to students to work in close collaboration with the industry. In last couple of years, we have seen plethora of Live projects come to our campus wherein students have been offered travel to abroad for short duration.

HORIZONS 2010 – Discover the difference!!

Horizons’ is a flagship management speaker conclave at IIM Kozhikode and has been a regular feature since 2000. It provides an avenue for discussions among top-notch corporate leaders from all over the world. The 3-day event, scheduled on 19th – 21st November along with the annual management festival ‘Backwaters’, would find the best corporate minds interacting with the students on campus. The event would consist of the following:

1. Speakers’ podium: There would be 3 speakers on each day talking with reference to our theme ‘Discover the Difference’ from an Indian perspective. The sub-themes for each of the 3-days are Revive | Redeem | Reaffirm wherein, the speakers would be providing us with deep insights on a variety of issues relevant to the day’s theme.

2. Panel Discussions: Apart from their interaction with the students, we have planned panel discussions among the speakers and faculty for each day.

 

History of Horizons:-

The annual flagship management conclave of IIM Kozhikode has come to serve as an ideal platform for thought leaders – past, present and future – to discuss and debate issues relevant to the prevailing times. Horizons 2009 was organized at a time when everyone was talking about recovery of world economy from the global recession, biggest since “The Great Depression. Horizons 2008 sought to examine the factors that have led to the rise of China and India, the resurgence of Japan and other Asian countries, and the resulting shift in the global business power dynamics. Horizons 2007 focused on ways to unlock the human potential in India and the redevelopment of rural India.

Some of the speakers who have graced Horizons in the past are:-

Dr A.P.J. Abdul Kalam                                                         Mr. Kiran Karnik

Former President of India                                                            Former President, NASSCOM

Late Prof. C K Prahalad                                                                                   Mr. Rajdeep Sardesai

Renowned Consultant Padmashree Awardee and CNN-IBN Editor-in-chief

The team making it all possible – Industry Interaction Cell (IIC)

Some of the recent activities that IIC has been involved are:

1.       Leadership series: Some of the eminent personalities who have come to our campus in the recent past under the leadership series are:

Padma Bhushan Dr. JJ Irani                                                         Mr. Kapil Sibal

Director, Tata Sons                                                   Minister of HRD, Government of India

Prof. Srikumar Rao, Author of “Are you ready to Succeed

2.       Live Projects: Live projects ranging from private sector to the public sector in marketing, finance, operations, strategy domains have been executed which have given an opportunity to students to work in close collaboration with the industry. In last couple of years, we have seen plethora of Live projects come to our campus wherein students have been offered travel to abroad for short duration.

Swami Tejomayananda visits Kampus

In times like these when people seek God more in status messages on facebook than in meditation or scriptures, IIMK played host to Swami Tejmayananda of the Chinmaya Mission on Sunday. The Swami, visiting the Kampus for the first time, had words of wisdom for the budding management gurus. Spirituality is in being. Being refers to having a system of values around that drives one’s actions. Quoting the Vishnu Sahasranamam, he defined the true leader and his qualities. A leader has three main qualities – has a clear vision of what is happening, meets the expectations of the followers, and knows the destination. As an example, even Gandhiji had trouble convincing his followers about Satyagraha, but he persisted. Answering students’ questions, he explained how spiritual organizations are run based on love and faith, with no strict rules and the followers being allowed to make mistakes. Talking about dealing with conflicts in the organization, he cited the Ramayan where Ram listens to Vibheeshana’s suggestion of praying to the Sea God to help cross the sea, in spite of Lakshman suggesting that drying up the ocean would be easier. The reason given by Ram was that such a move would help motivate Vibheeshana and increase his confidence. As a parting note, the Swami prescribed the Ramayana to help learn the different management concepts.

IIMs should publicise the market capitalizations of companies of its alums – Mr. Sanjeev Bikhchandani

Industry Interaction Cell at Indian Institute of Management, Kozhikode conducted an interactive session and talk with Mr. Sanjeev Bikhchandani on Nov 3, 2010.  Mr. Bikhchandani, an IIMA alumnus, is Co-founder & CEO of Info Edge (India) Ltd, which owns major internet portals like naukri.com, jeevansathi.com & 99acres.com.

Prior to the talk a workshop was conducted for the entrepreneurship enthusiasts at IIMK. During this workshop Mr. Bikhchandani shared his insight on e-commerce and online listing businesses. He also discussed about the present and future trends in this market. He emphasized that to be a leader in this market; one has to have power of differentiation, pricing power and later volumes in traffic and clients. According to Mr.Bikhchandani, ‘E-commerce is more about commerce than E’. He explained this giving various examples.

Mr Bikhchandani later addressed the students in the Auditorium. Director of IIMK, Dr. Debashis Chatterjee introduced him to the students as a person for whom making money was never the sole driver, it was a side effect.

Mr Bikhchandani at various stages of his life experienced an existential crisis. He from a very early stage in his life had an idea that he was going to be an entrepreneur. After School, he got through IIT joint entrance exam, but did not join, because he felt that he was not passionate for anything and hence did not wanted to waste 5 years. Instead he opted for St. Stephens College, Delhi. He went on to join IIMA after which he worked for a few years in one of leading MNCs. This was after he had already chucked am IIM convert to get some work experience. He once again faced an existential crisis and was not ready to be just another manager. Opines Mr.Bikhchandani, “Sometimes we start climbing the ladder and then we realize that it was leaning against the wrong wall”.

So, he started a company which would provide survey to different campuses about salaries of MBA graduates. He was also a visiting faculty at some B schools in Mumbai for 6 to 7 years. Mr Bikhchandani from his job experience had an idea about the importance the news regarding job vacancies. He thought of executing the idea of utilizing the worth of job information. This is how Naukri.com came up. The site attracted huge traffic and eventully started making good revenue for the company. During the 2000 economic crisis, Mr. Bikhchandani  retained his talented employees by providing a 45% ESOP.

He stressed on the fact that to sustain in any market especially an online one, its important that the entrepreneurs have deep customer insight. Anything that can solve unsolved problem for somebody will work. Entrepreneurs need not have big ideas; small ideas can help the business grow. He underlined the fact that execution is very important because the strategy or idea could be great but if the execution is not right, nothing would work. He made these points answering a query regarding having the reality check for your entrepreneurship idea.

Mr. Bikhchandani showed his concern towards the existing model of MBA education in India. He said that instead of laying stress on average salary packages obtained by students, institutes should market the total market capitalization and employment by firms’ started by their Students. IIMs can make a difference by selecting the people with right intend and providing an entrepreneurial outlook during the two years of education. When he raised questions over the changing pattern of CAT which favors more and more engineers (his batch in IIMA had 50% engineers against 93% in the present batch) he was greeted to a round of applause by the significant number of non engineering population at K, when he later said engineers are among the toppers during MBA, it was the turn of the engineers to applaud, and when he gave his example of marrying a batch mate, he seemed to enjoy the support of all the males in the batch. Mr. Bikhchandani highly praised the diversity visible in PGP 14 batch, and hoped the college will continue its endeavors to become an IIM with a difference. He was highly inspirational, and interesting, and the experience was truly enriching.

International Day celebrated at IIM-K …

IIM Kozhikode experienced a synergy of cultures on 30th October 2010, with the conduct of the eagerly awaited International Day. The day began with the current batch’s foreign exchange students from Norway, France and Italy showcasing their respective countries at stalls. The stalls presented a wide variety of photographs, videos and brochures of the respective countries.

 Later during the day, the campus was in for a special treat, when students & faculty were treated to snacks prepared by the foreign exchange students themselves. A wide variety of items ranging from soup to pasta to dessert were prepared. The sumptuous food was widely appreciated by one and all.

The atmosphere of excitement built up by these delicacies spilled over into the Cultural Night in the evening. Students were treated to glorious visuals of each country and a humorous insight into the differences between India & Europe. The foreign exchange students put up a lively hilarious performance which had the audience falling off the edge of their seats. There were a whole range of events from quiz to dumb charades, which ended with a perfect climax- a bollywood dance performance by the exchange students themselves.

Prof. Sanal Kumar Velayudhan, Dean, Development expressed admiration and thanked the students for their hard work in putting up a wonderful show. On the whole, it was an amazing performance and one that cant be forgotten so easily!!