Things which differentiate IIM Udaipur – Global Immersion!

The world is getting smaller and the distances between the nations are reducing. The economies of the world are integrating at a faster pace and there is a critical need for managers in the industry who have an understanding of global business practices, social values, philosophies and cultures. And since the business practices are increasingly becoming “glocal” in their planning, design and implementation, there is an inherent need to increase the skills space of students to fit into the global scenario of the corporate and entrepreneurial world.

IIM Udaipur follows the pedagogy of Immersion and Global Immersion is one of the key offerings of IIMU which, with the immense potential of the associated programmes adds advantages in preparing students as better leaders who can imbibe environment and cultural sensitivity and manage businesses and people from diverse cultures.

IIMU ensures provision of international exposure to its students in multiple ways with the aim to facilitate greater student and staff mobility across different global dimensions and institutional research partnerships through collaboration with globally reputed business schools of Europe, North America and Asia. The focus is to help the students in developing a specialized set of internationally relevant skills, perspectives and experiences with a thriving zest of peer pressure. This in turn helps in fostering a spirit of global thinking and developing acumen of personal and professional growth.

The highlights of the international aspects of IIM Udaipur are:

1. Dual Degree PGP for Executives in Global Supply Chain Management: IIM Udaipur and Purdue University’s Krannert School of Management have designed a dual degree programme to cater to the present global industry requirements and to equip the executives with skills to deal with complex supply chains across the world. IIMU’s students brush shoulders with students from Universidad Popular Autónoma del Estado de Puebla (UPAEP), Mexico and Tianjin University, China besides the students from Purdue. At the end of the program, students are offered a PGDM from IIM Udaipur and a MS from Purdue University, USA in Global Supply Chain Management. The nuances of Supply Chain Management theories and international business techniques and practices help the students to assimilate the learning experiences of studying overseas and honing their skills for the working arrangements in India & abroad.

2. Student Exchange Programme (STEP): The student exchange program at IIM Udaipur aims at giving the students a global exposure academically and culturally. The students spend a term of their course in globally acclaimed universities of Germany and France. This leap offers an adaptation to a bouquet of offerings like a broadened outlook, leadership attributes, team working, divergent mind set, keen eye for detail, communication skills, emotional maturity, healthy appetite for risk taking and decision making abilities. The breadth of STEP is one of the greatest opportunities that help the students to soak customs, traditions and pedagogy of other institutes as well as get a taste of different cultures. During this time, their counterparts from those universities come down to the IIM Udaipur campus. The globalization of businesses needs networking with people of different backgrounds. This opportunity helps students to interact with students of different nationalities and eventually build networks with people at a global level.

3. International Business Practices (IBP): IIM Udaipur offers a unique elective in the second year of its PGP Programme – IBP, where the students get a chance to work hands-on on a live project with industry experts in MNCs at their abroad locations like UAE and Bangkok. The sharing of ideas and experiences help the students to understand in depth, new markets and opportunities which can be tapped upon in the future. The holistic perspective and knowledge acquired about the nuances of global working methodologies enhance the scope of the future objectives of students.

4. International Summer Internships: The highlight of IIM Udaipur’s summer internship placements have been the international internships offered by companies located in UAE and Qatar. This is a continuation of the process where in a span of two months, students get to work in a global business environment in an economy different than the Indian environment. The cross-cultural exposure, diverse teams and the industry project covered in the internships complement the learning process. The experience gained during the period is immense and the exchange of ideas and the knowledge of global practices enhance the learning objectives and approach which the students have to follow for the rest of the three trimesters of the PGP Programme.

5. Global Business Project (GBP): GBP is a unique action-based learning course spanning across four months, February to May, wherein, under each project, 5-6 students from across geographies work on general consulting and strategic problems of clients under the faculty guidance applying their functional, cross-cultural, foreign language and virtual teamwork skills towards focused, compelling, measurable and actionable deliverables. Many companies which have provided projects are household names, such as P&G (China and Brazil), GE Health Care (Brazil), Eli Lilly (Brazil), CITIBANK (China), Google, SAP, PepsiCo and others. IIM Udaipur is a member of this prestigious consortium along with 12 global universities namely UNC-Chapel Hill, Columbia, George Washington University, Lingnan College, Miami, Maryland, Purdue, Pittsburgh, San Diego State, University of Connecticut, University of Wisconsin and UNISINOS.

6. Joint Research and Faculty Exchange: Faculty Groups working together on collaborative research projects is another channel for engagement which adds a dash of benefits in increasing the international exposure factor of those associated with the institute. The Center for Development Management (CDM) at IIMU has a MoU with Duke University’s Sanford School of Public Policy for joint research and faculty exchange. CDM is a research center that seeks to address development challenges in India by bringing management skills and social science knowledge, together in order to enable qualitative social transformation through the Summer School Programme.

7. International Visiting Faculty: IIMU has faculties visiting from Switzerland and France to teach electives with a global perspective. This in addition to the other programmes ensures that the students and the campus benefit from the international exposure.

International Exposure Figures

IIM Udaipur leaves no stone unturned in formulating focused programmes to increase the global exposure of students. The institute within a span of just 3 years of its foundation has established collaborations with prominent international universities and the ties have been increasing in the process. Following are the current partnering universities:

i. Duke University, USA

ii. Purdue University, USA

iii. European Business School, Oestrich-Winkel, Germany

iv. Fredrich-Alexander University (FAU), Erlangen-Nurenberg, Germany

v. HHL Leipzig Graduate School of Management, Leipzig, Germany

vi. Ecole de Management deNormandie, France

vii. WHU – Otto Beisheim School of Management, Vallendar, Germany

77% of the students from the First Batch of IIMU had an experience of studying or working in another country in Europe, Middle-East or South-East Asia while studying at IIM Udaipur. Around 60% of the students from the Second and the Third Batch can boast of the same, and this trend is bound to rise and continue for years to come. When 60% of the students get their visas stamped at least once during their stay at IIM Udaipur, it truly 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.

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IIM Udaipur releases Summer Placement Report for the Batch 2013-15

Indian Institute of Management, Udaipur, takes great honor in announcing the successful completion of the Summer Placements 2013-14. The institute once again takes pride in 100% summer placements in spite of 11% increase in batch size. This season saw participation of several reputed organizations across various sectors such as Banking, Financial Services and Insurance (BFSI), FMCG, Consulting, E-Commerce, Pharmaceutical / Healthcare, Retail, Energy and Conglomerates among others. BFSI emerged as the largest sector making offers to 25% of the batch.

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IIM Udaipur witnessed participation from a total of 56 companies, marking a 22% increase over the previous year in the Summer Placement process for the 110 students of the Post Graduate Programme (PGP) 2013-2015. This year saw many prominent brands visiting the campus for the first time, a few names being Aegis Global Ltd., Boston Consulting Group, Cummins, Future Group, Dover Corporation, Marico, Maersk Line, Sundaram Mutual, Talisma and many more. This strongly reflects the rising distinction of the institute and the increasing value of its talent in the industry. Several past recruiters like GE India, ICICI Bank, ICRA, KPMG, Infoedge India (naukri.com), Mapro, Xpress Money, UAE Exchange, Vedanta and others have continued to show confidence in the quality of the students and the management education imparted. With the varied professional and educational diversity of the batch, students have been offered with a variety of profiles like Finance, Marketing, Consulting, Operations, IT/Analytics and HR. Various profiles of Business Development, Strategy design and execution have been provided by different start-ups.

Placement Statistics

Also, the institute is the first B-school from India to partner with the prestigious Global Business Project consortium through which selected students get an opportunity to work with the very best management graduates from a set of 12 global universities namely UNC-Chapel Hill, Columbia, George Washington University, Lingnan College, Miami, Maryland, Purdue, Pittsburgh, San Diego State, the University of Connecticut, and University of Wisconsin & UNISINOS. The project will provide the students with an opportunity to work with top global companies who recruit MBAs as well as with fellow MBAs from different backgrounds, countries and culture. Three of our students will be working for clients HPCL, Eli Lilly and Handwriting Without Tears in consulting projects which will help them gain an international business experience complementary to the academics.

IIM Udaipur believes in doing things differently and focuses on maximizing the utility of the summer internship program. The students have been selected to work for Trunz Water Systems, a Switzerland based firm on a project that will be completely handled by the students and they will carry out the commercial-feasibility analysis. The students will get an opportunity to work in collaboration with the students from the University of St. Gallen, thus giving them exposure of working with a global team and analyzing from a global perspective.

IIMU is one of the few institutes in India which follow IPRS Reporting Standards for placement reports. An unaudited detailed report of the placements can be found at: http://www.iimu.ac.in/images/pdf/iimu_summer_placement%20report_2013-15.pdf.

The audited report of the placements will be shared soon. Other communications regarding the placements can be found at: http://www.iimu.ac.in/corporate/placements/placement-report.html.

IIMU in top 5 at prestigious Global Operations Conference 2013

IIM Udaipur has yet again created its mark globally in the Operations & Supply Chain field.

IIMU has been selected as 1 of the 5 top teams from across the globe for the finals of the prestigious Global Operations Conference 2013. Of all the participating teams from US and abroad, only 5 teams have been invited for the final presentation on the live industry challenge in Operations.

The finalists are : Massachusetts Institute of Technology (MIT), 2 teams from University of Michigan (UM), Pennsylvania State University (PSU) and IIM Udaipur.

This event organized by Tauber Institute for Global Operations (http://www.tauber.umich.edu/) is considered as 1 of the biggest International conferences in Operations & SCM and sponsored by companies such as Dell, CISCO, Infosys, 3M, Eaton, Microsoft, ALCOA, Steelcase, Conway.

The participants will also get an opportunity to network and socialize with the sponsors as listed above. It will also provide a platform for IIMU to establish global corporate tie-ups with these organizations.

The team members representing IIM Udaipur are:

indo-us business conference_1 Arpit Mehra

indo-us business conference_2 Biswarup Das

indo-us business conference_3 Rahul Dsouza

indo-us business conference_4 Rahul Pandey

IIM Udaipur in top 6 in Case Competition at Indo US Business Conference

IIM Udaipur was selected among the top 6 Business schools from 80 teams across the globe for the finals of the Indo-US Business Conference – C. K. Prahalad Business Case Competition 2013 at the Stephen M. Ross School of Business, University of Michigan, Ann Arbor, MI.  Team from IIM Udaipur competed with the top business schools in the world including Wharton, Kellogg, Booth School of Business – Chicago University, Ross School of Business – Michigan University and ISB Hyderabad in the finals held on 31st October. The keynote speakers in this event were Mr. Mark Fields – COO Ford Motor Company, Ms. Nina Davuluri – Miss America, Prof. Tarun Khanna – Director of South East Asia Institute at Harvard Business School, Mr. John Hieftje – Mayor of Ann Arbor, Mr. Subbarami Reddy – Member of Parliament, Ms. Tulika Mehrotra – Bestselling author and journalist, and several other prominent names from Academia and Politics.

The 5th India Business Conference 2013 held at the Ross School of Business, University of Michigan, USA is one of the biggest forums worldwide where leaders in the field of business, politics and academia can share ideas about the world’s largest democracy and its huge potential. The theme for IBC 2013 was “Dream, Lead, Inspire”.

The C. K. Prahalad case competition honors the legacy of the late Professor C. K. Prahalad and his vision of how innovation can balance the relationship between profit generation and social value creation for the base of the pyramid. This competition offers students across the globe the opportunity to compete and showcase their business knowledge and innovation by analyzing a case study in the Social Impact field.

The case at this year’s competition was to analyze and recommend whether Ayzh, a for profit Social venture providing health and livelihood solutions, should accept the African contracts and geographically expand its market, or should it choose to focus on India only and grow domestically. The biggest challenge was that this being a real life decision for Ayzh (http://www.ayzh.com), the participants had to focus on all the aspects which social ventures should consider for expansion. The teams had to consider the strategy which was in the best interest of Ayzh’s mission, at this point in the venture’s history.

indo-us business conference_1 Arpit Mehra

   indo-us business conference_2 Biswarup Das

  indo-us business conference_3 Rahul Dsouza

   indo-us business conference_4 Rahul Pandey

The IIM Udaipur team called ‘Agents of Change’ comprises Arpit Mehra, Biswarup Das, Rahul Dsouza and Rahul Pandey. All of them are part of the unique PGPX – Global Supply Chain Management Programme offered by IIM Udaipur in collaboration with Purdue University. These students are currently attending the fall semester at Purdue University as part of their course. The USP of their recommendation was an innovation utilizing the concept of Assembly Postponement to shift some of the cost intensive activities closer to the end of the value chain.

Even though they didn’t end on the winning side, the team members felt proud to have represented IIM Udaipur in the final round of this prestigious event which had in audience, 2013 UM India Business Conference attendees and speakers among other participants.

More details can be found out at: India Business Conference