Solaris – A grand success

The inaugural management fest of IIM Udaipur, Solaris, was a two day extravaganza held on the 7th and 8th of November. The fest was entirely conceptualized and executed by the student body and earmarked the exponential growth the college has seen since its inception. The fest encompassed a wide array of activities from summits, workshops to umpteen competitions. The summits and workshops covered all domains of management and were graced by industry veterans and provided huge impetus for learning. The competitions too provided an interesting mix ranging from testing participants on core domains such as finance, marketing to a short film making competition and the high competence level helped bring out the best in the students.

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The first day started with an address from the director of IIM Udaipur, Prof. Janat Shah. He outlined the key focus areas of the institute’s growth and how the concept of Solaris was directly in sync with the college’s focus on holistic growth. He emphasized on research, transformation and contributing to society as the key pillars of growth of the institute. Prof. Shah’s address was followed by an enriching talk from industry behemoth and keynote speaker, Mr. Subir Gokarn( recently appointed executive director of the IMF). He helped provide a comprehensive view of India’s growth potential and the means to eradicate the present frailities to exploit this potential.

The keynote address was followed by the first summit, The Leadership Summit. This is the flagship event of the Media and Industry Interaction Cell of the institute and as in the preceding three editions, this time too, the summit had industry veterans such as Mr. Unnikrishnan(CEO, Thermax), Mr. Sandeep Budhiraja( Country Head, MMR Research Worldwide),Mr. Ajay Gupta( COO, Decimal Point Analytics) and Mr. Manish Rastogi( Head, Metro Cash and Carry) attending. Their speeches helped provide detailed perspectives on specific industries and the macroeconomic situation. They helped provide unique interplays on the central theme “Evolve” by helping elucidate as to how companies consistently break through existing norms and bring about innovation in all spheres to cope with the present times.

Samvaah , the marketing conclave organized by the marketing club Marclan, was the other summit held on the first day. The theme for the event was “The Future of Marketing”  and had a keen focus on the advent of new marketing techniques in view of the tried and tested concepts becoming obsolete in the present scenario. The conclave had industry marketing wizards such as Mr. Ramamoorthi (Managing partner at Ogilvy and Mather), Mr. Abhishek Joshi (Director- Digital Marketing and Customer Acquisition at Redbus), Mr. Atindriya Bose (Country Head of Sony entertainment) and Ms. Gayatri Ojha (Brand Communications & Insights Head – M-Pesa at Vodafone India).They emphasized on the dynamic nature of the marketing field and the practices needed to remain abreast with this dynamism. The speeches covered a wide array of topics such as digital marketing, new age advertising and also marketing techniques to popularize novel initiatives such as M-Pesa.

The second day commenced with Arth-Samvaad, the Finance Summit which was organized by Finomina, the finance committee of the college. The presence of industry stalwarts such as The Chief Economist at YES BANK– Dr. Shubhada Rao, Associate Director at NVS Brokerage- Mr. Kamlesh Mehta and Executive Director of IDBI Bank Ltd.– Mr. N.S. Venkatesh helped provide the ideal platform for future financial managers to interact with them and help understand the intricacies of the financial world. The panel discussion was on the topic “Currency Chaos: Where will it lead to?” where the industry experts helped decipher the intricacies and position of the Indian Rupee along with the market swings brought in by the Chinese Renminbi. The panel discussion was followed by Mr. Deepak Mohanty(Executive Director of the RBI) addressing the audience on the objectives of the central bank and how the RBI has coped with global financial pressures in the past. Mr. Mohanty helped enrich the audience regarding the key financial indicators and how performance on these indicators is a sign of growth. The summit concluded with the dignitaries unveiling the finance magazine-Arthaarth and hence concluding another successful edition of the summit.

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The final summit of the fest was Technovate, the IT-Entreprenuership Summit which focused on the booming world of startups and how technology was the key enabler for this boom. The industry leaders in attendance were Mr. Manoj Sharma the Chief Technical Officer of Quikr, Mr. Vishal Verma the Operations and Logistics Manager of Uber, Mr. Anil Joshi of Unicorn India Ventures, Ms. Aditee Rele, the Lead in Technical Evangelism at Microsoft, Mr. Piyush Poddar, the Director of Professional Services at Axelerant and Ms. Lalitha Yanamandra, the General Manager of Enterprise Services & Delivery at MartJack and they spoke on the topic “Evolution of entrepreneurs in IT”. The summit was an extremely engaging medium as the panel discussions helped shed light on various facets associated with startups i.e. investment , target market, evolving technology etc. Mr. Anil Joshi, founder of early stage investment provider, Unicorn India Ventures, too provided inputs on the investment cycle. The summit helped educate budding entreprenuers of the essential parameters to start a successful enterprise and was a huge success.

The various competitions and workshops were held across the two days and provided ample opportunities for learning and testing one’s competencies. The various competitions included events that tested core concepts such as Vitt-Sangram, the finance case study competition and marketing events such as Juxtapose, the ad-making event to events such as the short film making competition which was judged by eminent director Mr. Vibhu Puri. The competition was extremely intense as a number of teams were from other top B-schools such as IIM Ahmedabad, Symbiosis, IIM Amritsar etc. The students of IIMU too gave their best and bagged laurels in several events. A number of workshops were held too such as the Dabbawala workshop, the Consultimg workshop etc which were attended in great numbers as students had the chance for close interaction with industry veterans. The Dabbawala workshop in particular was a huge hit as Mr. Vijay Aggarwal provided an in depth study of the world famous supply chain system of the Dabbawalas.

The two day inaugural fest was thus organized on a very grand scale even though the college is in its nascent stage. The various summits and workshops proved to be ideal grounds for learning and understanding of the various facets of the corporate world. The competitions tested competencies to the hilt and hence proved to be ideal for the best minds of the country. The smooth conduction of the event in itself provided umpteen challenges but the coordinated efforts of the student body and everyone associated with the institute helped the IIM Udaipur fraternity pull it off. Hence, Solaris was a huge success and it certainly set the benchmark for other top B-schools to emulate.

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Solaris – A historic moment

solarisA college which sets trends for its contemporaries to follow has come up with a new benchmark for others. IIM Udaipur is ready to host its Maiden management fest – Solaris which will be held on the 7th and 8th of November.

‘Solaris’, a name coined in sync with the famously sunny disposition of Rajasthan skies is set to touch a cherished milestone envisioned ever since the inception of IIM Udaipur. A two-day long extravaganza full of events to keep some of India’s most brilliant minds engaged, Solaris is entirely conceptualized and managed by students of the institute.

The event is planned to present an enthralling keynote address from distinguished luminaries like Dr. Subir Gokarnthe youngest ever Deputy Governor of RBI . He shall be flagging off the management fest with tales of his work and impart wisdom in the young minds present in the audience and also to some of the other revered personalities present there.

Summits

The event commences the flagship event of ‘Solaris’- The Leadership Summit. The event is one of four summits taking place in this business extravaganza which has been brought to life by the Media and Industry Interaction Cell (MiiC) of IIM Udaipur.

The Leadership Summit will be followed by the annual marketing conclave named Samvaah organized completely by the marketing club- Marclan. The club which tries to instill a zeal for marketing in the college as well as beyond believes that the world of marketing is changing from the tried and tested concepts of the old. Marclan put in untiring effort and diligence into finding the perfect panel for a discussion on “The future of marketing”.

The second day commences with the finance summit- Arth-Samvaad, the flagship event of the finance club- Finomina. The summit provides a platform for future financial managers to interact with industry stalwarts and discuss the changing trends in the world of finance and economics.

The final summit will bring the era of tech-startups to light. The world of IT has spread across all domains and infiltrated every walk of life. The summit – Technovate will be organized by Saksham – the E-cell at IIMU.

Competitions and workshops

The fest continues with a stimulating line up of events and competitions conducted by the marketing club- Marclan, a business quiz conducted by the Literary and Quizzing society- Potpourri along with individual events by the entrepreneurship cell- Saksham and the finance club- Finomina. A workshop in analytics will be conducted by the IT cell of the college connect-IT.

The maiden fest of IIM Udaipur is destined to be a great success and put the event as amongst the top ranking business extravaganzas of the country. As the torchbearers light the proverbial inaugural lamp IIM Udaipur opens its doors for the world to see the rising sun that is ‘Solaris’. Ignite. Illuminate. Inspire.

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.

Ten commitments of IIMU!

1. Commitment to Sustainability: Did you know that the infrastructure and activities at IIMU boast of total commitment to a green campus? Exemplified by the DirectorProf. Janat Shah himself, who was the first person to use a bicycle in the campus when it was founded. Today, more than 60% people on the campus including the students, faculty and staff follow that lead.

2. Commitment to Diversity: Did you know that if you want to have a debate in IIMU hostels in your favourite language then you will find a person at least 10 rooms away? The cultural diversity at the campus will amazingly enhance your people skills. And yes, you can always end up in a debate in more than 5 different languages.

3. Commitment to Rural Exposure: Did you know that 100% of the batch gets exposure to Rural India by the carefully designed Rural Immersion Programme? This will help you to be more sensitized and develop as socially conscious managers who can work in future towards collective and inclusive growth of the society.

4. Commitment to Global Exposure: Did you know that 60% of the students in the batch get their visas stamped at least once during their stay at IIM Udaipur? This reflects IIMU’s commitment to make global managers of tomorrow ready to work in diverse conditions and situations, leading global teams and implementing their learnings in the real business world.

5. Commitment to Best Faculty: Did you know that in addition to 22 permanent faculties, prominent faculties from the top B-Schools of India like IIMA, IIMB, IIMC etc. visit to bolster the academic wealth of IIMU? This ensures personalized attention to the students resulting in their better learning, grooming and hence forth, transformation.

6. Commitment to Transformation: Did you know that with specially designed programmes which aim to inculcate values like integrity, honesty, respect, ownership, trust and excellence, you will transform into a better person and manager at the end of two years? With collaborative and focused programmes with agencies like Hay Group, you will develop emotional intelligence and see yourselves developing into leaders more confident of your capabilities and decision making judgment.

7. Commitment to Awareness of Cultural Roots: Did you know that at IIMU you will be celebrating festivals and participating in cultural activities you did not even know about?

8. Commitment to Team Work: Did you know that at IIMU you will be doing so many assignments, live projects and club activities in groups that you will emerge as a leader in team working skills?

9. Commitment to Entrepreneurship: Did you know that IIMU takes a plethora of initiatives to foster the spirit of entrepreneurship? You will get a lot of opportunities under the ambit of entrepreneurship which will help you to pursue your career goal of starting your own business.

10. Commitment to Sleepless Nights: Did you know that apart from the load of assignments and projects of a usual B-School, a lot of other things at IIMU like TT matches, clubs/committees activities and B-School competitions will keep you awake till wee hours every day and you will be going to enjoy it?

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 – Team Work!

Climbing the ladders of a managerial career requires one to be cinch with team working abilities. Beginning from management trainees and proceeding through various phases of middle management and senior management roles, responsible managers are expected to work and deliver according to best of the capabilities of the team with which they are associated.

IIMU follows the pedagogy in the academic and non-academic student affairs in such a manner that the best of team working skills are inculcated in the students within the first three months itself of their stay at the institute. The academic programmes of the institute are launched with the first week entirely dedicated to team building workshops. External agencies who are specialist in the field are also sought to conduct innovative exercises involving sports, games et al to help in ice-breaking between the students and help them get ready for their journey in the institute.

A large part of the academic process involves weightage given to assignments, project submissions and class presentations given in study groups, furthermore, individual assignments. The study groups are formed by the Programmes Office with inputs from the faculty. A large care is taken to ensure parameters like academic, cultural and work experience diversity in the formation of groups to enhance the overall functioning of groups. IIM Udaipur has adopted case based learning methodology and a significant importance lies in the class participation and case discussions, hence providing the students of a feel of simulation of real life complex managerial situations.

The student clubs and committees and their plethora of vibrant activities in the institute complement the team building process. These bodies maintain autonomy in their selection process and hence bypass a large number of conventional parameters to form best teams aligned with their outcomes. The challenges posed to the students prepare them in honing their skills not confined to academic pursuits. The institute provides ample opportunities, independence and resources to students to conceive ideas and work in teams to plan and orchestrate their design and implementation. The institute has seen many such student driven initiatives culminating into events like The Leadership SummitThe Flagship Event of IIMU, Arth SamvaadThe Annual Finance Symposium of IIMU, SpandanThe Annual HR Conclave of IIMU, The Udaipur Leap Day Literature Festival and the Excursus Series.

Other prominent didactics like Live Projects, Field Surveys, Focus Group Studies, Industrial & Companies Visits, Global Immersion Programme, Student Exchange Term, Rural Immersion Course, Summer Internships and Placements Preparation Process all benefit students in the team working abilities by teaching them the values of mutual respect, appreciation, motivation, trust, understanding and refining of opinions, processes and working approaches.

Students also unite together with common interests and have come up with hobby clubs and societies for activities pertaining to sports, dance, music, arts, literature, photography, dramatics etc. Dedication to serve for a sensitive cause and social responsibility have also resulted in execution of student drives like Blood Donation Camp, Stem Cell Donation Camp and School Children Mentorship Programme.

Leaders well known in the corporate world are comprehended as great based on their abilities to lead teams with perfection for exceptional work deliveries. And IIMU strives to help students in developing as managers more confident of their team working capabilities and more responsible for team based actions so that they excel in their corporate journeys after learning the insights of transition at their stay at IIM Udaipur.

Things which differentiate IIM Udaipur – Values!

Treading the path of management career empowers one with a responsibility to create social and economic values for the society. A large part of the managers’ careers involves real time complex decision making in testing and demanding situations and the decisions affect organizations, citizens, communities and the environment.

The pedagogy at IIMU is designed keeping the ideaor in mind to develop sensitized and responsible managers instilled with values which will help them in every stage of their lives. Convened by the visionary leader, Prof. Janat ShahDirector, IIM Udaipur, who is known for his humbleness and modesty in the academic & corporate world and the Board of Governors, the initiatives operational at IIMU foster values in all the actions and commitments of students, faculty and staff. The programmes are specially designed to hone the values of integrity, honesty, respect, ownership, trust and excellence in all the deeds of student managers. The institute administration working round the clock in running the activities of the institute surpass excellence and exemplify a culture of always being approachable, dedicated and helping. The faculty and students work in teams in a multi-cultural and academically diverse setting to develop authorship, respect, understanding, reliability and appreciation of the values of team work.

Provision of Global and Rural Immersion programmes coupled with socially oriented courses like Business Ethics in the curriculum help in the all-round development of students. IIM Udaipur is the only institute in India to have a Code of Conduct and Constitution in place within just two years of its foundation. Each and every word in the constitution has been debated in open house sessions between the students and the administration to ensure there is upright integrity in academic and non-academic pursuits of the students. A Council of Student Affairs is elected by the students, which works towards protecting the rights and duties of the students and to ensure there is openness and fairness in the access of growth opportunities and learning resources of the institute by all.

The institute has adopted practices and standards like IPRS audited placement reports, sharing of institute events’ reports with the community and timely communication of admission process which reflect transparency and accountability. The events of the institute are organized and implemented by the students and the student clubs and committees are given full autonomy to design and control their governance. A number of activities are designed in collaboration with external agencies and organizations like NGOs and government bodies wherein the students strive towards learning social responsibility, inclusiveness and the potential of collective growth.

The endeavor of the institute and its affairs remain a testimony to the sincerity, leadership, uniqueness, creativity, mutual prosperity, equality, sustainability and decorum in communication aligned with the student activities to help them stand out at the helm of their careers and achieve their goals of success with élan in the competitive business world.