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

Prarambh – The 32 hour Start-Up Challenge concludes on a highly successful note at IIM Udaipur!

Entrepreneurship is one of the key pillars of IIM Udaipur’s foundation. And fostering its spirit within the student community and the society at large has been a prime endeavour of Prof. Janat Shah, Director IIM Udaipur. Taking the baton of the league forward, SakshamThe Entrepreneurship Club of IIM Udaipur, presented the first edition of Prarambh The 32 hour Start-Up Challenge from 7th – 9th March, 2014 at IIMU. Prarambh, co-sponsored by Rajasthan Angel Investors Network (RAIN) and The Indus Entrepreneurs (TiE) was organized with a vision to provide a launch to prospective entrepreneurs to build on their ideas.

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The idea of the start-up platform is to bring together budding entrepreneurs from different backgrounds including software developers, MBA students, marketers, designers and enthusiasts under one roof to develop synergies and facilitate the translation of ideas to reality. The exhilaration of pitching their idea as well as the thrill of working in diverse teams and being mentored by distinguished entrepreneurs was what led the participants to the doors of IIM Udaipur. The event received an overwhelming number of 160 registrations from individuals coming from 18 cities across India, 15 companies and 40 colleges including reputed institutes like Boston University USA, IIMs, XLRI, SP JAIN, NITIE, JBIMS, IITs, BITS and NITs. Out of these entries, 45 enthusiasts were chosen to participate in the ultimate challenge round.

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The event kicked-off on 7th March, Friday with an idea pitching session where all the participants gave a lightning pitch of 1.5 minutes to express their innovative business ideas. This round was followed by a selection of top 6 ideas through a collective voting process. All the participants were absorbed in the 6 teams formed around the most popular ideas. The event witnessed some amazing creativity and enthusiasm shown by the participants.

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The next day began early with the participants gathering all charged up to showcase their talents. This round was the real executional challenge of the competition. In 32 hours, the teams had to develop a minimum viable product i.e. a working model of their ideas along with a customer value proposition, marketing strategy and a future road-map. The difficult part of this was building a product from scratch under severe time-pressure with a new team and thus testing optimal resource utilization, team working capabilities and managerial skills and decision making in a competitive environment under constraints.

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The teams got 7 mentors each a successful serial entrepreneur, to guide them during the journey of this competition. Mr. Mukund Mohan, DirectorMicrosoft Ventures, Mr. Pranay Gupta, Partner91 Spring Board, Mr. Anuj PulstyaAngel Investor, Mr. Gaurav Mantri, FounderCynapta, Mr. Gaurav Sharma – Serial Entrepreneur, Mr. Nilesh Trivedi – Serial Entrepreneur and Mr. Chintan, FounderStart-Up Oasis graced the event to mentor the 6 teams.

This day had the teams brainstorming the idea scope and experiencing the rigour of execution. The teams had to re-work on their business models multiple times in order to come up with a winning product.

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The teams had to conclude their final work on 9th March, Sunday. The grit demonstrated by the teams to complete their product development and presentations in time was spectacular. Eminent personalities from the world of entrepreneurship were present to judge the work of the 6 teams. Mr. Rajneesh BhandariTiE and Mr. Shailesh Vikram SinghExecutive Director, Seedfund Advisors were part of the panel of judges.

All the teams gave captivating presentations and received massive applause from the crowd. The final teams which were adjourned winners were Wedway and Buzzcaptor. The closing ceremony witnessed some amazing surprises. Mr. Mukund Mohan encouraged the teams to carry forward the work in their collaboration and invited them to join the Microsoft Accelerator Program. Mr. Pranay Gupta of 91 Spring Board also offered free hosting on their platforms of the projects by the winning teams.

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The closure of the event ceremony and the spirit of the organizing team were exuberated when it was announced that Saksham has been awarded the Best Debutant EntrepreneurshipCell in the North Zone by National Entrepreneurship Network (NEN).

The success of the event also saw an acknowledgement from the corporate participants when Mr. Rajneesh Bhandari announced that TiE would partner with Saksham for its events lined in the future.

The event culminated with a dinner and a fun-filled evening to celebrate the tireless efforts of the teams. The mentors and the judges shared their experiences of being entrepreneurs and gave inspirational wisdom to the students to pursue their passion. The participating teams bid farewell testifying that the electrifying weekend of Prarambh at IIM Udaipur proved to be a memorable experience. Prarambh’s success marked a new beginning for IIM Udaipur which is set on a unique path of building a different academic and corporate culture promoting entrepreneurship.

Team Saksham

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