IIM Udaipur hosts 3rd Annual Convocation on March 21, 2015

Indian Institute of Management Udaipur (IIM Udaipur) hosted its 3rd Annual Convocation on Saturday, March 21, 2015. The occasion witnessed a ceremony with eminent stalwarts of the industry and society drawn together in an engaging alliance. The Ceremony was held at MLSU Auditorium of Mohan Lal Sukhadia University Campus.

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This year, the Chief Guest of the event was Mr. R. Gopalakrishnan, Chairman of Tata Sons. The convocation was declared open by Mr. C.K. Birla, Chairperson of the Board of Governors of IIMU. In his welcome address, Mr. C.K. Birla expressed his sincere gratitude to Mr. Gopalakrishnan for having agreed to deliver the 3rd Annual Convocation address at IIM Udaipur.

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Mr. Birla shared his vision for IIM Udaipur which aspires to be a forefront for management research, while also doing well for the community as well. In his message for the graduating young future managers, he said “It is a competitive world out there and you can take on any challenge the world throws at you. Guard your values & beliefs and everything you have.”

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The honorable Chief Guest Mr. R Gopalakrishnan in his convocation address advised the graduating students to always balance their professional life with their personal life. He told students that when you go out in the society it will be good to remind themselves about all the labors that have been put into them by their parents, teachers & mentors.

Prof. Janat Shah, Director of the Institute, delivered the concluding address. Prof. Shah told the passing out batch that the Institute has the confidence that they will make the Institute as well as the country proud through their achievements.

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During the third Convocation, 11 Post Graduate Programme in Management for Executives (PGPX) participants and 110 Post Graduate Programme (PGP) participants received the Diploma.

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Medals for Academic Excellence were presented to the following students by the Chief Guest:

  • The IIM Udaipur Gold Medal for Scholastic Performance (Post Graduate Programme) – Mr. Angad Singh Abrol
  • The IIM Udaipur Gold Medal for Best All-Round Performance (Post Graduate Programme) – Mr. Angad Singh Abrol
  • The IIM Udaipur Gold Medal for Scholastic Performance (Post Graduate Programme for Executives) – Mr. Anuj Gupta

For more info visit: www.iimu.ac.in

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Udaipur LeapDay Litfest 2015

Potpourri – The literary and debating club of IIM Udaipur is hosting The Udaipur LeapDay Litfest 2015, IIMU’s annual B-school literature festival in its Udaipur campus. This is the third such edition of the event, and is slated on the 28th of February this year, as every year.

The Udaipur LeapDay Litfest was conceived by the first batch of students of IIM Udaipur, simply out of its love literature, helped by the support of the IIM Udaipur culture that encouraged it to conceive and execute such a unique concept. Over the years, the ULLF has evolved into a strong name in itself, becoming Udaipur’s very own Literature Festival and a platform for the local aspirants and enthusiasts to interact with renowned as well as upcoming artists and performers from across the length and breadth of this country.

The first edition, themed ‘Indian Mythology and Fantasy through new-age fiction’, hosted authors Rashmi Bansal, Ashwin Sanghi and Rajiv Menon who gave beautiful insights on the topic and also made the panel discussions very relevant for the predominantly management crowd that had gathered. The second edition, themed ‘An Odyssey of Expressions’ , however saw increased participation from the junta of Udaipur, and also a much more variedly experienced set of guests in authors Nikhil Sachan, Chetan Mahajan, classical singer Vidya Rao and Artist painter Siddharth. While the first two speakers were of management background, the other two were much experienced in the fields of art, and hence took the entire audience through a beautiful journey of their own illustrious careers.

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The theme for this year’s event – ‘Beauty in Chaos’, looks to celebrate the charming order that takes shape in all the turbulent journey of an artist. This year, the ULLF 2015 has grown much in size as a platform for Udaipur, and in stature in terms of the participating guests as well. Participating guests include Indian classical dancer and Padma Bhushan Dr. Mallika Sarabhai; Musician, poet and actor Mr. Piyush Mishra. Apart from these guests, ULLF 2015 will also be hosting, Ladli award winner for her writing on gender sensitivity, and author of e-retail record-breaking collection of short stories ‘Neela Scarf’, Ms. Anu Singh Chaudary; Asst Professor with the Department of English at St. Stephen’s, Delhi, musician and music conductor, and author of the ‘Book of Guardians’ trilogy, Ms. Giti Chandra; Founder of online entertainment channel ‘EmotionalFullsMr. Sandeep Jha; and founder of online satire-news portal ‘Faking News’, Mr. Rahul Roushan. This year’s event has been sponsored by Sahitya Akademi and co-sponsored by Aryas Publications, Niranjan Associates, Ashoka Cinemas and Pirates Publications, education partner National Book Trust and food partner Jaisingh Garh, Raaj Bagh and Kaju’s.

As a pre-runner, Potpourri also conducted Tell-a-Tale, a story writing marathon, hosting budding and aspiring authors and writers from Udaipur, Kota and Jaipur and the IIMU community as well. The event was a huge success going by the feedback of the participants, and event video will also be showcased during the Litfest. Going forward Tell-a-Tale will grow into a much bigger platform, inviting and encouraging participants from far and wide. This year too, the participation of the external community in the ULLF is touted to increase from last year, a healthy trend towards making the ULLF truly, Udaipur’s very own literature festival.

For participation and further info, please contact-

potpourri@iimu.ac.in or www.iimu.ac.in/LeapdayLitfest

Event SPOC- Puneet Mor @ 7023002064

Foundation Stone Laying Ceremony of IIM Udaipur

The much awaited foundation stone laying ceremony of IIM Udaipur was held on 13th February, 2015 at the site of the institute’s upcoming campus at Balicha, Udaipur.

The Balicha campus, which is spread over an expanse of 253 acres, is set to be the largest IIM campus in the country. The campus will have state of the art facilities in terms of both academics and extra-curricular activities, to facilitate holistic development of its students. In accordance with IIM Udaipur’s constant endeavor to be environment-friendly, particular emphasis is being laid on ensuring that the new campus is a green campus, with over fifty percent of space being reserved for parks. The new campus will also house twenty-seven water bodies of different sizes.

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With the vision of setting new standards for sustainable and energy efficient academic institutions, construction of the new campus was initiated on barren land of 300 acres which was devoid of vegetation. With the help of xeriscaping and added area research, a green belt is being created which will be an inspiration for the native arid zone. Traditional water harvesting systems are being employed, to create a self-sustainable campus in terms of water demand, which will help neighbouring villages and surrounding zones to achieve water efficiency. In terms of green technology, the highlight of the new campus is that it will be a net zero-waste campus where all waste will be treated as a resource.

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The ceremony began with the unveiling of the foundation stone by the Chief Guest, Smt. Smriti Zubin Irani – Union Minister of Human Resource Development, Government of India. The event also had Smt. Vasundhara Raje – Chief Minister of Rajasthan as the Guest of Honour.

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Post the unveiling of the foundation stone, the lighting of the lamp was done by Smt. Smriti Irani and Smt. Vasundhara Raje. The welcome address was then given by Shri. C. K. Birla, Chairman – Board of Governors, IIM Udaipur. Mr. Birla spoke about the role of management institutes as a bridge between academia and industry. He also mentioned that the vision of IIM Udaipur is being committed to research and generation of new knowledge in the field of management. IIM Udaipur would be achieving this, through its mission to inculcate values that will guide the journey of its students as leaders. Mr. Birla also discussed at length about IIM Udaipur’s emphasis on development of the region and on constantly striving to be a world class institute.

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Smt. Vasundhara Raje heralded the laying of IIM Udaipur’s foundation stone, as a very prestigious event for the region. She emphasized on the need for IIM Udaipur to become a Centre of Excellence for Rajasthan.

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Smt. Smriti Irani then addressed the audience and mentioned the laying of the foundation stone as an initiative to give substance to the dreams of many aspiring students. Ms. Irani also discussed about initiatives that should be taken up at IIM Udaipur, namely world class water management research that would benefit the entire state of Rajasthan, adoption of five surrounding villages by the institute to help improve their standard of living, use of agro-based industry skill development technologies from India and abroad at the institute, and development of a centre for tourism and hospitality on the campus.

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Prof. Janat Shah, Director – IIM Udaipur then expressed his gratitude to all individuals, organizations and especially the Centre and State of Rajasthan, for their unwavering commitment and support. Some of the other dignitaries who attended the ceremony were Shri Arjun Lal Meena – MP (Lok Sabha), Shri Phool Singh Meena, MLA – Udaipur Rural, Shri Kewal Nohria, Member – Board of Governors, IIM Udaipur, Shri Shailendra Kumar, Director (Management) – MHRD, Govt. of India, Shri Ashwini Bhagat, Secretary – Higher Education, Govt. of Rajasthan, Prof. I.V. Trivedi, Vice Chancellor – Mohan Lal Sukhadia University, Shri Bhawani Singh Detha – Tribal Commissioner and Shri. Rajendra Pawar, Chariman – NIIT & Member – Board of Governors, IIM Udaipur.

The ceremony came to an end with the playing of the National Anthem. With the laying of the foundation stone, work on the new campus has begun in full swing. Future batches of IIM Udaipur can look forward to moving to a campus with world class amenities that is known for the competitive students it produces, as also for its constant efforts to build a sustainable campus that works with the local community to create an ecology that is beneficial to both the institute and the region.

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.

ColloquiuM! with Mr. Romi Mahajan of Microsoft

MarClanThe Marketing Club of IIM Udaipur organized the first Guest Speaker Session for this year of its continuing series, ColloquiuM!. The talk in this session was delivered by Mr. Romi Mahajan. Mr. Mahajan is a world renowned Marketing and Creative Thought Leader. His credentials include working as a Director of Sales and Strategy for Digital Marketing Platform Group at Microsoft and Founder-President of KKM Group et al. He was accompanied by Mr. Kshitij Jain of Advaiya Solutions Pvt. Ltd..

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Mr. Mahajan spoke extensively on the topic “The Marketing Panorama – Reclaiming Marketing from ROI Zealtory“. Coined to what he called as “The ROMI TRAP”, he elaborated on how companies’ drive towards measuring and quantifying the return on marketing investment and advent of new mediums and platforms like digital and social media have been cannibalising the culture of Marketing. According to him the intuition and creativity which led to many successful and innovative marketing strategies/campaigns formulation have been compromised by the use of pseudo-science in modifying the techniques of Marketing.

The session was an interactive one and the students in attendance put in some really interesting aspects to the discussion throwing concepts backed up with examples from real world. The effects of advertisements in marketing communications as they were showcased in the traditional media in the television, their nostalgia factor and the social/digital media wave using that to encash the same effects simply took the discussions to stratum.

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The various Clubs and Committees at IIMU keep on organizing such sessions round the year to aid students in picking up the nuances of management from the industry that the speakers represent in addition to the subjects’ knowledge gained in the academic curriculum pedagogy.

Things which differentiate IIM Udaipur – Emotional Intelligence!

The emotional brain responds to an event more quickly than the thinking brain – Daniel Goleman

Working in the complex business environments requires managers to take up decisions in which they are expected to consider not only the business implications but also the people affected by the decision and the process warrants the awareness of emotional intelligence.

IIM Udaipur follows the pedagogy of grooming student managers with emotional intelligence along with excellent business acumen. The long term envisioning is to ingrain emotional intelligence in the activities in such a manner that the students uphold the values which represent the institute’s foundation. Over a longer period of time, students see themselves developing as leaders more confident of their capabilities and decision making judgment so that they land up better equipped with emotional intelligence in the corporate world.

The academic courses like Organizational Behaviour and Business Ethics are specifically designed and modified, and their delivery methods customized to nurture emotional intelligence of students and the expectations from them in dealing with people as teams and resources in organizations. Furthermore, courses like Inspired Learning through Personal Mastery and Advanced Leadership Course taught by professors with decades of experience in Leadership Development strive to teach students learning by observation and self-reflection. Exemplary leaders from the senior management of various organizations are also invited to the campus whose leadership styles inspire students to critically analyze, comprehend and enhance the decision making skills of their own selves.

IIMU is the only IIM in the country with a prominent collaboration with the global management consulting firm pioneer in leadership development, Hay Group. Hay Group’s programmes are inculcated in the curriculum through which all the students are mentored over a period of two years to work on the transformation of their initial emotional quotient with exercises like periodic self-surveys and peer reviews to imbibe a better and mature emotional intelligence in personal and professional self-development.

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.