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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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.

Summer Program for Future Leaders in Development application deadline extended till 7th February, 2014. Hurry up to grab the unique opportunity!

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Details and application procedure are available at: http://www.iimu.ac.in/programs/summer-school.html

Interested people are requested to direct all the queries to cdmadmissions@iimu.ac.in

IIM Udaipur launches Summer School Programme for Future Leaders in Development in association with the Sanford School of Public Policy, Duke University, USA

A learning event for Development Students and Practitioners

May 31- July 11, 2014, Udaipur, India

Indian Institute of Management, Udaipur || Sanford School of Public Policy, Duke University, USA

IIM Udaipur and the Sanford School of Public Policy at Duke University are pleased to invite applications for the 2014 edition of the Summer School Programme for Future Leaders in Development. This programme is a six-week signature academic workshop sponsored by the Center for Development Management, Indian Institute of Management, Udaipur and the Sanford School of Public Policy, Duke University, USA. It brings together a selected gathering of students and practitioners of development drawn from Duke University, prestigious Indian universities, non-profit organizations and social enterprises. Aimed at students and NGO professionals seeking careers in the academic field and practice areas of development and related sectors, the summer school programme imparts a plethora of theoretical perspectives, research skills and empirical tools.

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The programme provides a unique opportunity for students to work and interact with globally reputed faculty (including academics and practitioners) through a combination of features in the coursework that includes lectures, discussions, direct field investigations and project work that aims to help in transforming the lives of some of the most under-privileged people in the world. The curriculum will be of particular significance to young development leaders who are engaged in, or are getting ready to apply themselves to contemporary socio-political challenges. Some of the themes included in the curriculum program are as follows:

  • Concepts and theories of Development
  • Investigative research methods
  • Thematic modules on health, education and livelihoods
  • Professional development through grant writing and data presentation skills

To encourage peer-learning and project development, students will be placed in a three-person team that will include one student each from an Indian University, an early career staff member from a non-governmental organization (NGO) and Duke University. Teams will spend considerable time in rural areas as hosts of an NGO in order to identify and assess existing gaps in community needs. Through this experience, they will employ academic learning from the classroom for transforming real-life.

The program is fully residential. Students will stay in IIMU dorms while classes are in session. Host NGOs will arrange home stays during field visits. Selected participants will receive a full scholarship to attend the program and cover program costs, although they will have to arrange for their own travel to and fro from Udaipur.

Details and application procedure are available at: http://www.iimu.ac.in/programs/summer-school.html

Interested people are requested to direct all the queries to cdmadmissions@iimu.ac.in

Congratulations Professor Jagdeep Chhokar & ADR Team for Indian of the Year Award for Public Service!

The students, staff, faculty, alumni and Director Prof. Janat Shah extend heartiest congratulations to Professor Jagdeep Chhokar & ADR Team for bagging the Indian of the Year Award for Public Service.

http://ibnlive.in.com/news/ioty-adr-and-and-lily-thomas-win-public-service-award/440803-3.html

Top-grade Management education is not only the indispensable need of the growing complexities of corporatization, but blue-ribbon management graduates can also bring in a structured and efficient functioning in the other organizations of our society. And our Director Sir ensures that the students of IIMU are trained by the best faculties by time and again adding eminent Professors on board who strengthen the social responsibility, uniqueness and transformation fundamentals of the students.

There is a uniquely eclectic and awe-inspiring method in Professor Jagdeep Chhokar’s modus operandi of conducting classes. His vast experience, diverse educational background, interests, affiliations and rich cross-cultural exposure bring out elysian words from the man forcing students to think out of the box and break the shackles of single and narrow minded approach of forming opinions.

Bywords like “A fish is the last one to know about water” and “Customer loyalty is a hoax” come in a perennial flow in the classes when he informs the practices that have been shaped into the functioning of existing organizations and the challenges prevalent in them along with the ways they have been or should have been dealt with. “Even the notion of time has different significance across different cultures” was the adage with which he began a class to explain how the budding managers should stop being influenced by the western world and their methods and cease the approach of inculcating the customized western techniques in Indian business scenarios. India as the biggest democracy has its own set of problems, and the way they have been handled has been fairly good keeping in mind the volume of challenges that were laid in front. And finally, the last class’s gem, “Expect, accept and respect differences” was the perfect one for ending the amazing experience of the sessions on an intellectually enriching high note. According to him, by broadening our aspirational space and reflecting upon our strengths, we can work towards the betterment of the society in our own way by streamlining our target and yet not being too radical in the formulation of new insights.

Professor Jagdeep Chhokar’s hunger for knowledge, decorum, sharp observational skills, pragmatic thoughts and the outstanding work, he and his team have been doing for the Indian democracy is an inspiration and motivation for everyone not to mention the students of IIMU. Such decorated teachers and great mentors are the real honour and insignia of IIMU.

We sincerely hope that he continues to nurture the future batches of IIMU with his body of knowledge and he and his team win many more such prestigious awards for the excellent work they are doing for strengthening the Indian democracy. Congratulations and proud of you Sir!

(Professor Jagdeep S. Chhokar is a teacher/trainer, researcher, and advisor in management, a lawyer, a citizen activist, and a birdwatcher and naturalist.

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A Ph.D. in management and organizational behaviour from Louisiana State University (USA), an MBA from Delhi University, Graduate Engineer from the Institution of Mechanical Engineers (London) and the Institution of Production Engineers (London), and LL.B. from Gujarat University, he taught at the Indian Institute of Management, Ahmedabad, for 22 years from 1985 to 2006. He was also Director In-charge and Dean at IIMA. Before that he worked with the Indian Railways in a number of engineering and managerial positions for 12 years, and as an international marketing manager in a public sector company for four years.

He is one of the founding members of Association for Democratic Reforms (ADR), an organization which works in the area of Electoral and Political reforms.

His association with IIMU dates back to the first batch since when he is taking Human Resources and Organizational Behaviour classes for the PGP students.

More information regarding Professor Jagdeep Chhokar and ADR can be found at:

jagdeepchhokar.wordpress.com
sites.google.com/site/jchhokar
adrindia.org
myneta.info)