Success mantra shared by Mr. Raghuttama Rao at IIM Udaipur

It is always a sense of great joy and excitement when students of IIM Udaipur meet an eminent business personality. Preserving the legacy of industry interaction, the students of IIMU had the privilege of having Mr. Raghuttama Rao CEO & Managing Director at ICRA Management Consulting on campus.

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Mr. Rao started his excellent career with undergraduate from IIT Madras; post which he did his MBA from IIM Ahmedabad. He was a Fulbright Scholar at Carnegie Mellon University Pittsburgh, USA where he gained proficiency in Cost Accounting. Being a member of ICRA’s start-up team, Mr. Rao has contributed to developing many areas of ICRA’s business, including Credit Rating, Management Consulting, and Research. He has served on ICRA’s Rating Committee for about ten years and has experience across several sectors, including infrastructure, banking/finance, structured finance, manufacturing, and energy.

Sharing his experience, Mr. Rao first emphasized the importance of economics and accounting in finance. He said that most students and even industry experts in finance domain lack the conceptual understanding of accounting and economics and hence are unable to deal with unprecedented scenarios. He recalled the amount of struggle he faced while learning cost accounting but said that the hard work paid off in the end.

Mr. Rao explained that the students should come to know their strengths and weaknesses in deciding the career path. He stressed on focusing on those streams that fit with what the students are good at, and what they really enjoy doing. Hence, in terms of consulting, Mr. Rao asked the students to ponder upon two fundamental questions: “What is Consulting?” and “Am I fit for it?” before joining the field in the first place. He also explained that consulting is as much about people skills as it is about analytics. Exclaiming that at the heart of consulting is marketing; he said that communication skills, both verbal and written, are essential to the domain. He mentioned that though multi-domain knowledge is helpful in consulting, one should try to have an expert level knowledge about one or two fields and that one should be used to unprecedented situations as consulting usually presents with unstructured problems.

Accentuating on maintaining health, Mr. Rao said that one should always maintain a balance between money and fitness. In addition, he said that one should use this time in MBA to read as much as possible about many streams and decide which way to go. He also said that one should dig deep inside and figure out the right reason for pursuing entrepreneurship and exclaimed that in entrepreneurship, one has many bosses.

After the session, he was asked numerous questions by students ranging from how to prepare for the summer internship to the importance of certificates for various streams. The students of IIM Udaipur are glad and thankful they had the privilege of meeting Mr. Raghuttama Rao and get an insight into consulting, finance and entrepreneurship.

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IIM Udaipur Supply Chain Excursus

Indian Institute of Management, Udaipur successfully conducted the IIM Udaipur Supply Chain Excursus on 18th January, 2014, the third in the Excursus series in a span of two months. The aim of the event was to create a platform for the industry leaders in Supply Chain to share their rich experiences and expertise through engaging dialogues, to showcase IIMU and its students to the outside world and provide a unique learning opportunity to the students through interactions with the industry stalwarts.

The theme of this event was ‘Supply Chain 2020’.  The event was flagged off by Prof. Janat Shah, DirectorIIM Udaipur, an Operations liturgist himself, where he highlighted that despite being one of the youngest IIMs, IIMU is leveraging the opportunity to establish itself as a completely different institute, focusing more on industry interactions, live projects and research.

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The first panel, represented by the Senior Supply Chain Management team from the corporate world with Mr. Siva PeriasamyHead of Procurement, Wipro, Mr. Kalyana Krishnan Head of Supply Chain, Ranbaxy and Mr. Arun Kumar GhoshHead of Supply Chain, Microsoft India, discussed on the topic ‘Collaboration in future Supply Chains’. The discussion was very enriching, where the esteemed panelists mentioned that team-work is an extremely crucial element in ensuring the success of Supply Chains. The areas touched upon were sourcing, collaborative planning cum forecasting and logistics services. Mr. Siva Periasamy emphasized that mutual trust forms the backbone of collaboration and companies should increasingly focus on collaboration to manage their complex Supply Chains.

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Poster Competition conducted by SKEIN The Operations Club of IIMU, during the event witnessed students battling it out in the final round by giving a 2-minute elevator pitch on various burning issues in today’s Supply Chain – containerization, impact of social media, use of hi-tech weather forecasting technologies etc.

The second panel discussion on ‘Supply Chain Innovations and their impact’ was represented by the Supply Chain Heads consisting of Mr. Moti GyamlaniChief Supply Chain Officer & Board MemberBharti Airtel, Mr. Ankur BhandariPartnerErnst & Young and an esteemed guest from a leading pharmaceutical company. All the honored panelists stressed on the need to build the culture of innovation in organizations. Mr. Moti Gyamlani mentioned how innovations in the service industry have transformed the business models and made it increasingly customer-centric.

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The day concluded with the declaration of the Poster Competition results followed by a vote of thanks. The Excursus event proved to be a great learning experience for the entire IIMU student community from the discussions about the future of Supply Chain with the experts from leading corporations and how tomorrows Supply Chain leaders need to think differently in order to cater to increasing customer needs.