Dhandha- Chase your Dream !!

Entrepreneurship as such is a dream. Even one who has no skills and no wit, dreams of it. Yet, the feeling is one that escapes many. To be able to run a brand new business, especially one that you have envisioned and developed isn’t something everyone gets a chance to do. However everyone should give it at least one shot.

IIM Udaipur since its inception has given special incentives and support to those who wish to venture on their own and create businesses. Keeping up with the tradition, Saksham- The E-Cell of IIM Udaipur created the concept of Dhandha. The event was conducted on 11/07/2015.

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Dhandha was a fun filled event created with the intention of promoting entrepreneurship on campus. Its main ploy was to let people chase dreams or small scale ideas that could be scaled up later in an advent of getting the feel of what running a business venture feels like. 50 students participated and were fragmented into six teams. Each was then given Rs.400 and a few hours to do what they wanted to. Where some made and sold fruit ice creams, others went to the extent of ironing clothes. Some even decided to trade in consumables and in the spirit of the game it was allowed.

The teams were then judged on the basis of not only the profit made but also the scalability of the idea, innovation and the sustainability of the model. It was pleasant to know that nearly all, even those who had just barely done the logistics had an idea of how to scale up and what would be required to do so. The event also brought the members of the teams closer to each other and in all was a success. Finally the team that won was “Dhandhaneurs”.

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The main reasons the judges chose them were their innovation and relevance to the concept and the situation, rather the context. Second the marketing gimmicks as well as the ‘on the spot’ learnings displayed from customer feedbacks were also taken into picture by them. These qualities, the judges found were crucial to running a business. Apart from this the ‘Most Creative award’ was given to ‘The Lalas’.

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All in all, the participants enjoyed a lot during the event and got a glimpse of the criticalities involved in running even a small business. We admire the enthusiasm of all PGP1’s and hope the spirit of entrepreneurship keeps growing.

 

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The Leadership Summit 2014 organized at IIM Udaipur concludes on a successful note!

Indian Institute Management Udaipur hosted the third edition of its annual flagship event, The Leadership Summit 2014 on 23rd August, 2014 at the Durbar Hall, City Palace, Udaipur.

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The Leadership Summit is a student-driven initiative which is organized by the Media and Industry Cell (MiiC) of IIMU. The event serves as a platform for corporate leaders to share their opinions and views on select themes through diverse engaging panel discussions. The panelists comprise of distinguished leaders from industries and academia. The objective of the summit is to get unique insights from the leaders and get to understand the direction in which the economies, corporate policy making and businesses are heading viz-a-viz globalization and competition. The first two editions of The Leadership Summit have been immensely successful. The umbrella theme for the Leadership Summit 2014 was “RETHINK: A paradigm shift in the Leadership Trends of India“.

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The event began with a Welcome Address by Prof. Janat ShahDirector, IIM Udaipur. Prof. Shah laid emphasis on the initiatives on which the institute has a strong focus such as Immersion, Research, Analytics, Entrepreneurship and Social Responsibility.

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Dr. V RaghunathanCEO, GMR Varalakshmi Foundation & Ex-President, ING Vysya Bank served as the Chief Guest in the event. Mr. Puneet DalmiaMD, Dalmia Group of Industries was the Keynote Speaker. Both the leaders laid emphasis on the need of a social purpose behind every leadership initiative.

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The event had three student moderated panel discussions. First Panel’s theme was “Rethink Approach: How to think, act and lead in this era of Globalization?” with participating speakers, Mr. Balaji R. Narayanswamy General Manager, Mindtree, Mr. Sukanti Ghosh Member of Global Management Committee, APCO Worldwide and Mr. Vishal Mathur VP Sales, Eicher Motors. The panelists discussed the key challenges faced in Globalization, skills and opportunities present in going Global.

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Second Panel’s topic of discussion was “Rethink Boundaries: Can we learn Leadership from boundaries beyond corporate world?” with participants Mr. Ramkumar Executive Director, ICICI Bank Limited, Mr. Praveen Mathur Major General (Retd.) & Advisor, Director General Hydrocarbons, Ministry of Petroleum, Mr. M P Vasimalai IIMA Alumnus & Founder, DHAN Foundation and Mr. Kalyan S. Bose Senior Volunteer, SPIC MACAY. The panelists discussed the various facets of leadership development citing examples from multiple avenues.

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Third Panel saw discussions on the theme “Rethink Convention: Women in Leadership Roles – Changing the rules of the game!” with panelists Ms. Arnabi Marjit GM-HR, Lupin Pharma, Ms. Namrata Gill VP, Organizational Development and Talent Management, Mahindra and Mahindra and Ms. Neelima Khetan GM, Sustainability and CSR, Coca-Cola India. The speakers discussed in detail about the challenges faced by women in the corporate world, the possible solutions and the changing landscape in the business world.

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The event also saw a special segment on Big Ideas Session delivered by Mr. Sanjay PanigrahiCEO, Sahaj e Village Ltd. who spoke largely on the Rural India and the potential of management principles application in the sector.

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The event received a very good response and concluded with felicitation of the speakers and vote of thanks. The event is a student driven initiative of IIMU which aims to bring the business community of Udaipur, global leaders, faculty and students of IIMU on a common platform where they can exchange knowledge and insights and work towards establishing possible future sustainable partnerships.

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Vedanta Group served as the Title Sponsor of the event while Wonder Cement helped as the Associate Sponsor of the event. Along with them, many other organizations came forward to extend their help in organizing this event. The other sponsors of the event were:

Media Partner: Rajasthan Patrika

Co-Sponsor: Eve’s Corporate Channels India Private Limited

Organizational Partner: UCCI

Printing Partner: Lucky Offset Printers

Magazine Partner: City Angle Lifestyle Magazine

Supporting Sponsors: Aravali Minerals & Chemical Industries Private Limited and Shree Rajasthan Syntex Limited

Mall Partner: Lake City Mall

Indian Institute of Management Udaipur celebrates its third anniversary!

It was 27th July 2011 when Indian Institute of Management, Udaipur joined the league of the premier business schools across the country. The foundation laid by its Director – Prof. Janat Shah remains firm as the institute completes its 3 years full of enthusiasm, aspiration and accomplishments. It is an important milestone in the institute’s journey of becoming a unique establishment in all the facets of management education.

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The auspicious occasion of IIMU’s third anniversary was graced by the presence of the institute’s Director and was celebrated jointly by the students, faculties and staff members. The biggest asset of the institute, its students, organized a cake cutting ceremony in all high spirits and greeted everyone on the anniversary. The pride was visible among all the members of the IIM Udaipur Community as they described the event as – “three years of togetherness, three years of sharing & caring, three years of happiness, three years of trust and three years of transformation “ .

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The event progressed with a motivational address from Prof. Janat Shah, who congratulated the complete IIMU Community comprising students, faculty and alumni for being an integral part of the journey. His reminiscence of the institute’s achievements from the past 3 years elevated the students’ beliefs. IRIS – The Photography Club of IIM Udaipur enthusiastically helped in covering the ceremony.

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IIM Udaipur strives to become a globally accepted academic institution. The ideology prospers as the students and faculty members dedicate themselves to develop socially responsible and confident business leaders. A constant motivation and support of pursuing a path less travelled of entrepreneurship imbibed with a sense of social and economic value creation encourages students to grow multi-dimensionally. The all-inclusive growth value driven in the institute’s initiatives can be measured by the triumph of the recently concluded event, Inclusive India Forum 2014, which was graced by the presence of eminent corporate and social personalities across the nation. Progressing forward, the institute has lined up events such as Spandan 2014 – Second edition of its Annual HR Conclave and the institute’s flagship event The Leadership Summit 2014.

With three years of education, excellence, innovation, transformation and uniqueness, IIMU promises to grow abound with its leadership, values and uniqueness quotient and is on a fabulous journey towards becoming one of the top B-Schools of the world.

Things which differentiate IIM Udaipur – Entrepreneurship!

The economies in nations across the world are facing saturation of opportunities and cut throat competitions in complex business environments. The need of the hour is to not just build and run successful businesses but to carry an entrepreneurial mindset in any career role chosen by the future managers. IIM Udaipur follows a pedagogy which strives to inculcate the spirit of entrepreneurship in its students.

Under the leadership of IIMU’s visionary DirectorProf. Janat Shah, the institute has taken several initiatives to foster the spirit of entrepreneurship in the institute’s foundation. Students are given ample opportunities to develop into effective self-starters and self-motivated leaders who can generate employment options for others as well and hence add value in the economy and society. The Director himself conducts Open House Idea Sessions with the students where the students put forward their plans which are discussed and brainstormed among the peers to enhance their implementation potential and directives. Faculty provides mentoring to the students to help them in shaping their ideas into ventures.

A number of eminent speakers who left the cushions of job security and created reputed ventures are invited to the campus to conduct sessions for the students. The PGP office also aids the strengthening of the entrepreneurial space of students by introduction of subjects like Entrepreneurship, Social Entrepreneurship, Courses of Independent Study etc. which promote students to learn the trade while integrating the lessons into their academic grading and evaluation. Placement Holidays are also provided to students along with seed capital help for incubation of ventures and deferred back up placements offers so that students can independently and dedicatedly work on their business models without losing on their other career options.

Several students driven activities have been running out of campus and in the areas in & around the vicinity of local community. SakshamThe Entrepreneurship Club of IIMU promotes the culture of entrepreneurship through the strata of its events and activities like Ideate Start-up Workshop, B-Plan Competitions, Live Projects et al. The success of its flagship event, PrarambhThe 32 Hour Start Up Challenge, a one of its kind event in India and the award of Best Debutant Entrepreneurship Cell in the North Zone given by National Entrepreneurship Network (NEN) showcase the testimony of the excellent efforts put by the club in sustaining the culture of entrepreneurship in the campus. Prominent tie ups with bodies like NEN, The Indus Entrepreneurs (TiE), Rajasthan Angel Investors Network (RAIN), Microsoft Ventures, 91 Spring Board, Cynapta and Start-Up Oasis among others are increasingly establishing entrepreneurship as a firm pillar of the institute.

Things which differentiate IIM Udaipur – Faculty!

Great educational institutions have faculties and academics as their biggest assets. The most important element which plays a critical role in IIM Udaipur’s objective of imparting quality education is the faculty team at the institute. The selection process of faculty at IIMU is designed to consistently attract the best of the teaching and research talents from the PhD programmes of India and abroad. While putting together the faculty team, the practitioners and academicians are tested for excellent potential in their respective domains. Prominent faculties from the top B-Schools of India like IIMA, IIMB, IIMC etc. also visit to bolster the academic wealth of IIMU.

IIM Udaipur has over 22 permanent and over 30 visiting core faculties contributing to a faculty to student ratio of 1:5.5. This ensures personalized attention to the students resulting in their better learning, grooming and hence forth, transformation. The number of research and working papers published in the journals across the globe within just three years on inception reflect that some of the best management research work is carried out in the IIMU campus.

The faculty incorporates best pedagogical means and practices comparable to those followed in the best B-Schools of world in the development of students. The craft of teaching and the methodologies of deliveries are complemented by the well-equipped infrastructure of the institute and technologies like research tools, digital library platforms, latest journals and Bloomberg Financial analysis & research lab.

The current faculty force includes professors, researchers and consultants with significant experiences in the field of teaching. Senior industry professionals also join the permanent faculty for lecturing the students about their business acumen. Intellectual entrepreneurs who have created enterprises executing business strategies blending with ideas also contribute in the learning process of students in sync with another pillar of the institute, entrepreneurship. The academic curriculum of the institute is overseen by Prof. Jahar Saha, Former DirectorIIM Ahmedabad. The visiting faculty of IIMU has prominent names on the likes of Prof. Jagdeep S. Chokkar, Former DeanIIM Ahmedabad and Co-Founder of Association of Democratic Rights Foundation (ADR) which recently bagged the IBN and NDTV Indian of the Year Awards. Other pioneers in their own rights of different management domains like Prof. Ramesh Bhat (IIMA), Prof. L. S. Murthy (IIMB), Prof. Sunil Unny Guptan (IIMA) and Prof. Janat Shah, DirectorIIMU join the list of faculties teaching at the institute.

Each faculty of the institute is aligned to the goals, vision and values of the institute and dedicatedly prepares the students for responsible positions they would take up in various management roles. All faculty members are always approachable and their guidance and support is available to students and alumni even outside the classrooms for tutorials, live projects, internships, placements preparation, job guidance and clubs & committees events. IIMU possesses the potential of best teaching minds and has a long term aim to become the hub of management research in the country.

Things which differentiate IIM Udaipur – Live Projects!

IIM Udaipur follows the pedagogy of learning by doing. And the approach of inculcating of live industry projects into the curriculum provides a right mix of practical exposure to the students. Orchestrated by Consult-UThe Consulting Club of IIMU at the helm and coordinated by other clubs, SakshamThe Entrepreneurship Club of IIMUFinominaThe Finance Club of IIMU and MarClanThe Marketing Club of IIMU, the projects are sought from industries. The projects are then awarded to the students and the entire process is managed by students to ensure that the opportunities are accessed by all.

Project teams comprise of students from both the years and faculties are involved to mentor the projects execution. The projects help in establishing mutually beneficial relationships between the industries seeking young and innovative people with fresh perspective on management, and students who get to hone their classroom learnings and insights by blending them with real life business challenges. IIMU’s commitment to excellence and quality is assured in the projects deliveries through a carefully planned process comprising of initial briefing, mid-term review, periodic checks and final conclusion with the focus on advantages sought from the projects.

The diversity of the projects portfolio makes sure that students get hands-on experience on all the management verticals, company domains and business functions viz., finance, marketing, research, consulting, human resources, operations, IT, analytics and systems and even in drives like energy saving. Students of IIMU have been associated with and done projects with organizations primarily operational in healthcare, mining, food, hospitality, manufacturing, e-commerce among other sectors and with NGOs. The projects aid students to take up initiatives and learn the concepts by application helping in their sound development.