4 Things I Learned at PRME 2018 Session on Impactful Innovations for Sustainable Development

IILM Graduate School of Management, IILM Institute for Higher Education, IILM Stories, IILM University25 MarchRudrajoy Banerjeebest MBA colleges in India, MBA colleges in India, PGDM students

For three eventful days, IILM, one of the best MBA colleges in India, was buzzing with the 5^th International Conference on Resolution to Resolve: Sustainability Practices in Industry and Education. And what a spectacular learning experience it turned out to be.

Amongst its many plenary sessions, the most awaited one was on Innovation and Sustainable Competitive Advantage that was pegged for post-lunch on Day 2. The agenda revolved around expanding the scope of innovation to include not only creating something entirely new but coming up with novel ideas to solve existing problems in the society. Over 90 minutes, four experts shared their experience and their respective organization’s impactful innovations bringing about a positive sustainable change.

Here are the four lessons I learned after attending the same:

Management and education are two different languages:

In her talk, Dr. Shalini Lal focused upon the challenge of understanding innovation at management institutions, and integrating it at every level with purpose. Dr. Lal also differentiated the two languages of management and education on various points, such as failure, which is often viewed negatively in management, while being conversely true in innovation labs.

“There need to be enough people at the highest levels of an organization who understand and are able to speak the language of innovation for them to be able to see potential in ideas that get generated,” she remarked.

Block-chain technology is the next big thing in sustainable development:

Mr. Ravi Chamria, CEO, Block Chain Enthusiast and Fintech Expert, was the next speaker in the session who enlightened the audience on the history of block-chain technology and Bitcoin, its components, and how his organization has used it as a game-changer for sustainable innovation in fields such as food supply chains and mining.

Commenting on the complete transparency and sustainability of a blockchain process in businesses, Mr. Chamria said, “Through a smart contract on the blockchain, it is ensured that whatever has been authorized through a sustainability certificate, it is being adhered to.”

The purpose of every business should be innovation

Next, Mr. Ravi Bhatnagar, Head External Affairs & Partnerships, Reckitt Benckiser, spoke about the various collaborations of his firm with the UN and its Sustainable Development Goals, as well as the various innovations that the company has introduced, like the Rexbot AI for queries on sexual health or Augmented Reality for delivering education. Another interesting topic which he touched upon was the need to encourage B-school and PGDM students to come up with innovations of their own, something which Reckitt Benckiser’s Mavericks Challenge does by creating an innovation pipeline and platform for the brightest management minds of the country.

“If we are not purpose-led, and if we are not thinking about innovation and sustainable competitive advantage, there are good chances of failure. The purpose should come before business. If you are not investing in the future, which is the next 10 years, in terms of your consumers, it will be too late,” he concluded.

Sustainable development from the perspective of work-life balance:

The final speaker at the session was Prof Holger Briel, Dean, Xi’an Jiaotong Liverpool University, China, who discussed the concepts of co-living and co-working spaces and read his paper on the findings of both practices in Europe and India. Interestingly, Prof Briel was not an endorser of the practices as he called for inclusion of employee happiness as an important factor in the sustainability of businesses and organizations. Towards the end, he gave three recommendations at a personal, organizational and government level that can enable organizations and individuals to create perfect work-life balance.

To sum up, the future of management and organizations is intricately tied to innovation which takes into account sustainable development goals set by the UN. For aspiring students of business, this was a great lesson in the importance of sustainability and the need to think out of the box.

entrepreneurship courses, BBA Courses,BBA subject,BBA colleges in India

What Is Entrepreneurship Development Center & How Does It Help You

IILM Undergraduate Business School16 MarchRudrajoy BanerjeeBBA subject, top BBA colleges in India

As it goes with diamonds, they aren’t discovered already polished and shining. A piece of diamond requires a skilled hand that polishes it and cuts it into an object of beauty. Something similar can be affirmed about entrepreneurs who must be instructed and nurtured to mold them into becoming responsible leaders for tomorrow.

Such an initiative at IILM in its BBA subject is known as the Entrepreneurship Development Centre (EDC) that is established to assist aspiring minds towards business endeavors. The center is structured to provide a comprehensive platform to budding businessmen from the conception of the idea to approval, instigation and finally the commercialization.

How does EDC help students?

Networking- the EDC networks serve as an important pool of advice and career opportunities for college students, and they have access to a larger pool of people for networking
Exposure to Startups – the startup ecosystem is wide and holds opportunities for the young and ambitious. Early exposure to practical skills, expertise and perspective clarify doubts and help them to commence and run a business of their own
Realising the Ideas – the final step of execution is given enough emphasis so as to let the student grow on his/her own with support from the veterans.

Advantages of EDC

The basic functions of the center begin with inculcating a strong zeal for the entrepreneurial sector
Next, the process inculcates a culture that is formed on a favorable entrepreneurial ecosystem
Finally, the students are individually taught to work on their entrepreneurial skills to compete in the real world under real pressure.

The Process:

Personalized mentoring – dedicated faculty with expertise in particular fields take the students through a structured process to imbibe a set of skills in individuals

Interaction with domain experts – it is the hub of communication with experts from various fields in the industry that interact in the matters specific to individuals

Live company projects – regular visits at reputed companies for practical knowledge and a first-hand assessment of processes.

Events & Conferences:

The ‘Annual Entrepreneurship Conference’ is an example of an aim to maintain entrepreneurial thinking in an uncertain environment. The conference brings together a group of successful businessmen and young and energetic start-up owners who guide the students towards their goals.

Workshops:

‘Opportunity in India and World’ – workshops that match the standards of top BBA colleges in India are periodically organized to give the students an idea of contemporary conditions in the corporate sector. Additionally, they are familiarised with the technologies that govern the sector

Opportunity Recognition and Idea Generation – helps impart cognitive knowledge to the students in order to equip them with the ability to identify the potential areas of opportunity in the industry.

To iterate, EDC provides a stage to potential ideas that drive the young and eager minds. The students can look up to the EDC for preparation, mentorship and intellectual support by the faculty and alumni.

INTERNATIONAL CONFERENCE ON OPERATIONS AND INFORMATION TECHNOLOGY 2018 BIG DATA ANALYTICS FOR THE DIGITAL ERA

Uncategorized07 MarchSandhya Rai

INTERNATIONAL CONFERENCE ON OPERATIONS AND INFORMATION TECHNOLOGY 2018

BIG DATA ANALYTICS FOR THE DIGITAL ERA

On 24^th February, 2018, IILM Graduate school of Management was privileged to host the International Conference on Operations and Information Technology. This write up captures the essence of the presentations, panel discussions, real world examples, interactive dialogue, and research papers at the conference on big data analytics for digital era.

INAUGURAL SESSION:

The Conference began with a Welcome Address by Dr. Taruna Gautam, Director, IGSM followed by an introduction to the Conference theme by Dr. Sandhya Rai. The keynote speakers to the conference were the very prominent Mr. Gaurav Diwan and Mr. Pankaj Krishna. The pace of the conference was set by our keynote speakers, with an apt introduction into Big Data Analytics. Mr. Diwan’s insight into Big Data was particularly invigorating. He stated that Big Data will change rapidly in recent times. There is a whole lot of information goes through networks with great intensity for which it is essential to manage data in value chain. Decision making as we know has been changing towards more of a business decision making.

Our next keynote speaker, Pankaj Krishna maintained the pace set to go on to say that data is a driving force in different sectors. Business exists for three factors and three factors only: Volume, Profitability and Image. Every single company is revolving around data whether it is agriculture, manufacturing, healthcare, telecom, food and beverages. And it is here that mathematics plays a key role in data analytics. All the work done uses mathematic algorithms. In India analytics is estimated to generate about 2.03 billion dollars in revenues.

SESSION 1: TECHNICAL SESSION

After the inaugural session, the conference proceeded to its first technical session with professors, industry personnel and even students presented their papers. It was Dr. Hemlata Bhatt with her “Big data trends-A Study of Self Service Analytics”, who started off the technical session. Her extensive research and presentation on Self service analytics yielded information such advanced visualization, freed data mash up, data architecture and predictive analysis. She concluded by stating that company people are dependent upon certain people and this software can help to reduce cost and long process. BI tools can help those who are not from operations or IT background.

The next presenter of the day was Dr. Kamal Gupta who presented on “Asset Pricing Model”. He mentioned that the mutual fund process starts with the selection of the literature review. Investors put money in funds and managers put money in securities. The audience was bombarded with information regarding how selection ability is based on the Jensen model and null hypothesis is accepted at 99% significant level if Jensen model. He concluded with the fact that study helps in getting a better prediction on daily return. Greater prediction of daily returns helps investors to buy more with higher returns. Dr. Gupta’s presentation revolved around how Big Data analytics can benefit the study and application of Asset Pricing Models.

Dr. Smriti Asthana was handed over the baton next and she presented her paper on “Integration of Supply Chain Management”. Supply chain management has been an integral part of most organizations. She began her presentation by stating a very obvious fact: any business focuses around the fact that everything starts from planning and ends with the delivery of products and services. To provide efficient services, the company pulls all structured and unstructured data to provide services. And with the advent of 4^th generation digital platform era, Just-in-Time is now the trend. Dr. Asthana completed her presentation with the summary of how big data plays an important role in supply chain and how by using its analytics any company can identify how their products are moving in and out.

Dr. Saurabh Agrawal’s “Sustainability through block chain technology” carried on the flame with his in-depth knowledge on bitcoins which he considered as a scarce asset. Block-chain is a historical database. It is distributed ledgers that can contain financial and non-financial transactions. Each transaction a person creates; it creates a block in the block chain. Dr. Agrawal also closely touched on the topic of sustainability reverse supply chain, managing product returns- all of which are key portions of block chain technology.

Dr. Vidyanto with his “Customer Behavior Analysis of Indonesia Sharia Bank in using Internet and Mobile banking” was particularly a focused presentation onto the subject of Big Data Analytics. He provided information on how data is collected from Sharia Bank and SSE method is used to determine the optimal number of clusters. His study brushed on the behaviors of customers using internet and mobile banking on payment and purchasing. He concluded on the fact of how big data can be used to quantify the accuracy of data to make the performance better than before.

The next presenter of the day was Mr. Praveen Kumar who presented on “Application of Big Data in Supply Chain Management”. He adds on more details on supply chain.

The final presenter of the first session was Shubham Roy with his paper on “Big Data in Marketing”. He threw light on need for marketing information system, Big Data Decision in Marketing and imitations of Big Data.

The judges for the first technical session were Prof. Rajkishan Nair and Dr. Vikas Kumar.

SESSION 2: TECHNICAL

The evening session began with presentation by Dr. Lilia Safxi on “Thinking Big” which she presented over Skype. She focused on topics related to data issues, principles of Big Data, type and scale, big data security and other trends.

Prof. O. Gabriel followed the theme of the conference with his presentation on “Analysis your website to acquire customers: An e-commerce perspective” his study elaborated on e-commerce, content marketing, search optimization that uses tools such as Google analytics, Webster analytics, Kiss Metrics, Web Trend analytics.

Md. Belal Akbar and Rahul Sharma were called upon next and they put forth their presentation on “Internet Marketing- A study on the acquisition processes”. The object of their study was to identify the various acquisition processes and how it can help any organization in acquiring customer on online platform through internet marketing.Next we saw a joint presentation by Gandham Kumar and Kamal Irukulla who came forward with their presentation on “Data Analytics and Information Technology are driving the present world”. Their discussion focused on the usage of cloud computing and enterprise resource planning.

The final presentation of the evening was by J Manoj Kumar who spoke on “ Customer analytics and big data analytics” His presentation entailed how predictive analysis deals with different types of statistics, techniques and lean management helping organization in today’s world. He concluded aptly by saying how by interpreting the data we can have a whole view of customer purchasing trends. The judges for this session were Prof. Raju Majumdar and Dr. Anuradha Konidena.

AWARD CEREMONY

The conference came to an end with felicitation of all presenters. After much deliberation the judges awarded the best paper to Prof. O Gabriel for his paper titled “Analysis your website to acquire customers: An e-commerce perspective”. Dr. Shruti Choudhary delivered the vote of thanks to the director, all the esteemed judges, the faculty members and everyone present.

Embrace – Warp to Entrepreneurship: Marketing Conference

Alumni, Blog Catgeory, Campus Blog Category, Campus Life, Career Development (Placement), Conferences, Events, Faculty, IILM Graduate School of Management, IILM Stories01 MarchSanchita Ghosh

In the recent years, an invincible startup movement has unfolded within our country. India has caught the eyes of the world as it is now home to second most tech startups after China and the ranking in number of total startups puts our country in top 5, globally.
IILM Graduate School of Management and Bizzino strategist presented “EMBRACE” the Marketing Conference on 27/2/2018. The conference aimed at providing students, access world class technology veterans, startup ecosystem, startup founders and their stories and more.

INAUGRAL SESSION
After a brief introduction to the conference, the inaugural session began with inspiring words from Dr. Sanchita Ghosh, Area chair Marketing, and Prof. Arun Gupta, Area chair Entrepreneurship.
The session started with the address from our key note speakers, Mr. Anupam Saronwala and Mr. Sameep Singhania. Mr. Saronwala is an expert of Internet of Things (IOT). He emphasized on the importance of exposure to new technologies for a start up to thrive and survive. He said that convincing investors to finance the venture is very critical and is becoming difficult with each passing day. However, he considered three areas, which if given substantial thought and actions taken accordingly, funding would not be a problem.  The first area was the team. While building the team, an entrepreneur should have people from multiple disciplines and everyone should have domain expertise. The next was that the target market size should be large enough to boil down to a good amount of target customers.  He then introduced the audience with the third and the most important point that an entrepreneur should be aware of the fact that his product/service can be easily replicated, if not patented. So there must be a differentiator in the product/service which minimizes the chances of duplication.
The enthusiastic pace set by Mr. Anupam was followed by that of Mr. Sameep Singhania, who through his insightful explanations proved his expertise in the area of block chain development and consultant. He helped the audience understand how block chain functions. He clarified that bitcoin is just one of many applications of block chain. He further added that this is going to be the future of technology, one that will become a necessity for every business.  As this is an area where youngsters are really interested in so the address was interactive and Mr. Singhania facilitated the understanding of all concepts that came up in the form of questions from the young minds or the future entrepreneurs who were attending the conference.

SESSION 2: PANEL DISCUSSION
The Inaugural session set the theme for the conference. The first speaker of the second session was Mr. Pranav Jha, who runs a startup community on facebook named “Startup Noida”. He emphasized on the power of digital groups, Facebook pages and communities. He added how influence marketing starts off as an activity and then it becomes a trend and that it is possibly the best way of creating awareness about the startup and captures the attention of angel investors.
This was followed by the interaction with Mr. Shashank Singhania, a digital marketing consultant. He threw light on the concept of native marketing and how its use is spreading across digital platforms. He further added that even though some digital products are free, it is difficult to get people to try them. He explained how becoming digital is important for a business as a digital technology can facilitate tracking any information. He then introduced a concept of smart marketing in which fake reviews of a product is added by the company itself to facilitate sales.
Then we had our last panelist for the conference, Mr. Harpreet Singh, who started his address by introducing the concept of startup ecosystem. Then he mentioned some of the common challenges almost every startup faces at the time of its initiation and first few months of survival. He said that it is difficult to find the right mentors and right manpower and dealing with customer non acceptance and family pressure is no easy task. He informed the audience of the A-Z list for the success of a startup where A stands for Attitude and Z stands for Zeal of the entrepreneur. He ended his address by quoting a very famous dialogue of movie 3 Idiots ‘Chase excellence, success will follow’.
This marked the end to the conference after a brisk question answer round between the panelists and the students.

Why is Delhi-NCR a Preferred Choice for Business Schools

IILM Graduate School of Management, IILM Institute for Higher Education, IILM University23 FebruaryRudrajoy BanerjeeIILM, MBA in Noida, PGDM colleges in Delhi-NCR, PGDM programs

For a first time visitor the national capital can be a nexus of mayhem and confusion, but once you to become a part of the daily hustle and bustle, you’ll soon be swept up into the excitement that makes the city of Delhi. The multicultural city with its ancient monuments, veritable museums, and delectable local cuisine is also a student hub, with many business school aspirants flocking to the city in large numbers to chase their dreams.

Many such aspirants choose to study at our institutes that offer competitive PGDM programs in the city that is the center of activity. IILM has three strategically located campuses. One of the campuses located at Lodhi Road, the political center of the country, allows students to be privy to the developments in politics as well as business. The second campus in Gurgaon’s Golf Course Road, the industrial hub and nerve center of start-ups, gives students the opportunity to gain entrepreneurship knowledge from their surroundings. The third location in the Knowledge Park of Greater Noida provides a networking and knowledge-sharing platform for the students with educational institutes and large firms located in close proximity. Below, we’ve listed out a few more reasons one should consider studying in the national capital.

Industry-based learning:

A student pursuing an MBA in Noida has the advantage of studying in the National Capital Region, which over the years has transformed into a talent pool where several multinational companies have set up a branch. IILM truly takes advantage of this by making an experiential curriculum available to the students. This type of curriculum is put together after close interaction and inputs from the industry leaders, thereby going beyond the traditional teachings limited to Finance, Marketing and Operations.

International Curriculum:

Today, PGDM colleges in Delhi-NCR provide the world-class education to its students. The curriculum of these colleges is comparable to that of top business schools the world over. For instance, at IILM, the course modules are inspired by the Stanford Graduate School of Business, Wharton Business School, and IIM-A.

Future prospects:

As the region is home to an increasing number of multinational companies, the demand for management experts is ubiquitous and firms are always on the hunt for such management graduates. IILM’s Career Development Center sets the path for students’ future by connecting them to the right firm. Furthermore, the placement cell is also well connected to different sectors of the industry, widening the scope of opportunities. Today, IILM has an alumni network of over 9000 students who have been placed in some of the biggest firms in the industry.

Clearly, the central location of the region proffers numerous benefits to students, giving them an edge. More importantly, it is the attributes such as industry-based learning, international curriculum and future prospects that make IILM a preferred choice for discerning business school aspirants.

Reason to Believe: Why Do PGDM Students Opt for IILM?

IILM Graduate School of Management, IILM University22 FebruaryRudrajoy BanerjeePGDM Course, PGDM degree, top management college, Why do PGDM students opt for IILM

Every year, thousands and thousands of young aspiring minds aim to get into a top management college. The prestigious PGDM degree, they believe, will unlock their future and give wings to the dream of entrepreneurship they have harbored for long. At IILM, the philosophy lies in strengthening this belief and shaping future leaders of the world every step of the way. This is why IILM is often on top of the wish-lists of prospective PGDM students.

So, what makes the PGDM degree at IILM so lucrative? Why do PGDM students opt for IILM to help them carve a niche for themselves as top management professionals in the future? Let’s find out the answer:

A truly international curriculum

IILM has literally brought the world’s best management education to India’s doorstep with course modules that imbibe the best offerings from curricula of globally-known B-schools such as the Stanford Graduate School of Business, Wharton Business School, and IIM-Ahmedabad. At the core of it all lies experiential learning through Field, Career Trek, and Managerial Skills. Across 6 terms, students get to learn from Business Simulation and case studies that help them convert their concepts into real-life management solutions.

A global study experience

What sets apart the PGDM course at IILM, the best management college in Noida for global experiential learning is the month-long international study program in Finland, Germany, Canada, Spain, or France. This exposure serves to provide students with a life-changing learning experience abroad that sensitizes them to diverse cultures, the importance of international relationships, and the development of skills to build them.

Experienced faculty and mentors that make learning fun:

The ground-breaking PGDM curriculum at IILM would be of no use if there weren’t a faculty with vast industrial experience and teaching acumen. The teachers and professors at IILM strive to share the same vision and dream as their students. In the exclusive mentorship programme, every student is allotted a faculty member aligned with the skills and interests of the student. For 25 years, the faculty has churned out more than 9000 business leaders and entrepreneurs through ultimate dedication to every individual’s goals.

Placements, internships, and bucket-loads of opportunities

Ask any PGDM student the need for stellar placement and training opportunities at a management college, and he or she will probably place it on the checklist. IILM thoroughly believes that any management education should be backed by walking the walk. Therefore, great emphasis is placed on providing students with real-life corporate experience via a 3-month summer internship program with global business corporations. The placements at IILM are a serious affair, with students being able to pursue opportunities provided by over 300 renowned companies according to their interests. The Career Development Center and career training courses like Field Immersion Experience for Leadership Development ensure that every student gets the best placement possible!

A campus that is a home away from home

Furnished with world-class classroom, hostel, and other facilities, IILM’s three campuses are a beehive of activity, hope, laughter, and success. They are also easily accessible to the business and corporate hubs around Delhi-NCR.

Think Global, Be Beyond with our Global Study Programme

Global Study, IILM Undergraduate Business School, IILM University19 FebruaryRudrajoy BanerjeeBBA degree, BBA in Entrepreneurship, business schools in India

With the ever-expanding reach of the internet and other mediums, access to the world is becoming easier. The more we know about the world and how it functions, the better prepared we are to take on the curveballs thrown at us. Businesses, too, are thinking globally today. The way they function or the way they create value needs a touch of the worldly wisdom to be able to truly succeed. And one way to grasp to this knowledge is by interacting with and learning from the best minds while completing your business education from one of the premier business schools in India.

Our Global Study Programme exposes our students to a truly enriching experience that empowers them to adopt a modern outlook while making day-to-day decisions. We believe there is nothing like an international experience at the best business schools around the world, to broaden your minds and sharpen your acumen. Our strategic tie-ups with leading business schools around the world nurture excellence by expanding your key learnings from your time with us to unprecedented levels. Unlock your potential with:

University of Winnipeg, Canada

The University of Winnipeg in Canada has always been a preferred destination for those looking to specialize in International Business and Marketing. Their programme in Entrepreneurship is an absolute value-add to those looking to start their own ventures after completing their BBA degree or MBA.

EM Normandie, France:

The leading business school in the historic city of Normandy is among the prestigious B-schools in France. A rewarding course in supply chain management and a dynamic business project will groom you to lead operations. Or if you have plans to move to France, their course in doing business in the country will equip you with knowledge and a student network that will be extremely beneficial.

Lapland University of Applied Sciences, Finland:

The University of Finland is known for its exceptional focus and dedication towards innovation. During your time there, engage and build on relationships as you work through challenging team projects and come up with innovative solutions. Build on your talent of thinking out of the box by working with the brightest minds in the world.

ISM, Germany:

International School of Management in Dortmund, Germany is well-known for the diverse crowd that joins and graduates every year. Be a part of a worldwide network as you hone your skills in Operations Management, Strategic Management, International Finance Management, along with inter-cultural communication.

Thus, an international education can help you evolve personally and professionally. The exposure to different styles of teaching, thinking, and living makes you more adept at taking on the world as a universally thinking manager and paves way for unbound success. Think global with your business experience at IILM, and emerge as a leader who works and lives beyond.

Education Gone International: A Global BBA Degree with an Edge

IILM Undergraduate Business School, IILM University12 FebruaryRudrajoy BanerjeeBBA in Entrepreneurship, BBA scope, IILM

With thousands of courses in business flooding the cities, how do you decide which one is correct for your entrepreneurial aspirations? Today, the need of the hour is to groom business students into leaders who can stand shoulder to shoulder with their global peers. This is where our BBA in Entrepreneurship international degree provides the much-needed edge to students.

With a curriculum designed in association with the internationally-acclaimed Swiss Business School, BBA in Entrepreneurship brings business education of the highest standards to Indian students. This international affiliation serves to add more to the BBA scope for students and allows them to experience learning that goes beyond the rigid boundaries of a classroom and educate themselves on the best global practices, innovations, and ideas in the field.

Developing international competencies

The very idea of entrepreneurship is to take your idea to the world and establish it into a successful business. At UBS, we understand that disruption is ruling the roost in business ventures that have risen to the top today, which is why the modern-day BBA student should be a problem solver. The 3-year (or six semesters) BBA in Entrepreneurship course opens up a student’s mind to business problems that have global roots and inculcates a drive for entrepreneurship backed by innovation to solve them.

The specially designed modules rise in difficulty from the more basic concepts of marketing, accounting, management, economics, finance, law, etc. and move on towards more niche subjects like venture capital, private equity, mergers, and acquisitions, etc. Entrepreneurial case studies and simulations from Harvard Business School are also included to provide students a chance to test their mettle in managing real-world situations.

Promoting cultural exchange of ideas and knowledge

With more and more students going to Europe, North America and Australia for higher studies, it is important that they are introduced to cultural intricacies of the foreign world. In this era of globalization, a key advantage someone from the business background can have is that of being oriented towards various cultures of the world. Consequently, the BBA in Entrepreneurship course offers foreign language classes to students for sharpening their communication and multi-lingual skills.

Providing critical exposure of the highest level

The BBA in Entrepreneurship international degree provides an international platform to students to experience learning at the Swiss Business School campus for two semesters. More than the course material, it is the entire experience of receiving education abroad at an acclaimed business school with an entirely different culture that exposes students to various facets of skill development and management. At the end of the day, it is this different environment which polishes students into successful entrepreneurs of the future. Another regular exposure to real-life management situations comes in the form of industry internships, company visits, and thought-leader interactions.

BBA is a critical stepping stone towards a future MBA, managing family business or starting-up. With an international course and degree, UBS ensures that your foundation for success is uniquely advantageous and supremely solid.

Industry Academia Meet 2018

Conferences11 FebruaryManan Porwal

Conventionally, education is portrayed as a process of enabling learning or acquiring knowledge, habits & skills with the intention to be transformed into a socially acceptable person. Right education unbolts plethora of avenues for an individual which can be exploited to reap resounding success in life. With changing times, the education system too, has become irrevocably dynamic and hence the responsibility of educators heaves up manifold to equip future leaders with an accurate incubator for maximum mutual benefit. Evidently, organizations constantly put an employee’s mettle to a test by observing how poised he/she is in countering mundane business worries. Hence, employers incessantly hunt for people who are cognitively flexible, smart & confident to make their business grow.

As thoughtful educators, the management of IILM decided to engage in a radical discussion with established loyalists to identify the lacunae and incorporate suggestions to make the teaching model oriented towards students’ success. The objective of the Industry Academia Meet 2018 was thus boiled down to acclimatize with measures that add up in making a student fit for the corporate world. The deliberated meet also intended to probe for ways to inculcate practices that make teaching model most innovative. Restraining students to classroom teachings could be quite delirious to their careers and would eventually hamper the organizational excellency, especially in the contemporary set up because organizations are in dire need of versatile personnel.

To address & resolve this perceptible issue, eminent personalities from organizations like Future Group, IndusInd Bank, Nestle, Bata, Oracle & Marks & Spencer nodded to participate in the dialogue. The discussion peeled off with Senior Director and other Faculty Associates elaborating about the prevailing structure of education at IILM, wherein they explicitly explained all the modules across different domains of specialization, the blueprint of extra-curricular activities, management-oriented engagements & finally expressed the openness to adopt experimental learning. Post understanding the entire schema, the industry guests adorned the gathering with alluring propositions, some of which are envisaged as under:

Students must drive majority of functions: Borrowing cues from his alma mater, one of the guests suggested that a student would learn more by doing. A platform must be created whereby students are given lead to plan and execute events, sessions or festivals as learning does not happen in isolation. Doing so will help them learn how to tackle difficulties and think faster.

Clarity of thought process: This goes to explain the ambiguity that virtually no student is spared of while thinking about choosing the specialization. One way to sort this issue is by connecting every student to industry mentors over and above the faculty mentors to keep them at pace with industry expectations from different domains. Once this is achieved, the college must give all possible insights relevant to that domain.

Student focus is most pivotal: An important point enumerated by one of guests signaled that most students keep hopping off across different verticals that ultimately fosters job dissatisfaction and resentment. Thus, a student must investigate his/her area of interest to perform sensibly at workplace. The aim must not be to get the job but to make a career.

Curriculum must lay more emphasis on learning through case studies. This form of education is more practical and would enhance the attitude of brainstorming.
Faculty training: It meant to highlight the importance giving proper, timely inductions to faculty members so that their contribution is also improved. This would also help them understand that every student is different and needs to be developed on a case to case basis.
Working on soft skills: Students need to be highly polished while presenting themselves to the community. Dashing communication skills are a per-requisite to business success and must thus be given prime importance.

Summer Internship Program (SIP): By far one of the most influential factors in securing jobs is by demonstrating the learning acquired by a candidate during his/her apprenticeship. Most organizations welcome candidate with a good foundation and prior understanding of business know how which could be established through undergoing a good training. The guest also suggested that students must be mentally tough to advocate severe grinding during this stint as it ultimately does more good than harm. Important to mention that it also reduces organization’s cost in some cases.

Use of technology: Technology should be used in a wise way. It should not jeopardize the use of books that have world of wisdom and better ways to sort our queries.

Institutions must also give time to students to absorb huge amount of information as well as time to introspect. Some of the top colleges have molded their curriculum to match with a student’s requirements.
Use of LinkedIn: This undoubtedly remains an indomitable source to search numerous opportunities. Accordingly, it can induce active learning and serve to be a multipurpose source.

Delving into these suggestions would lead to rewarding outcomes, for both students and the institute. In totality, the agenda to explore and acquire progressive ideas was adequately met. It is a matter of pride and honour that these suggestions would be incorporated in IILM’s silver jubilee year of establishment coupled with its achievement to be accoladed as a University. Hoping it glorifies the education level once again and meets the expectation of its stakeholders with staggering performance in the education industry.

What’s it like to Pursue BBA in Entrepreneurship at IILM

IILM Undergraduate Business School, IILM University07 FebruaryRudrajoy BanerjeeBBA, BBA course, BBA in Entrepreneurship, undergraduate program

We’ve heard multiple opinions about India’s school education system. Some of them in support while most of them contain flak. However, the truth of the matter remains that majority of the children passing 12th focus only on passing it. Once that hurdle has overcome the need for an academic to help aspiring entrepreneurs is realized. To fill this we at Undergraduate Business School (UBS) designed ‘BBA in Entrepreneurship’, a 3-year course providing the knowledge base to students to establish and run their own business ventures.

The components of the designed undergraduate program focus on a planned approach to education and career. There are various other extracurricular activities apart from academics that develop the students’ potential and skills to kick-start their entrepreneurial journey.

These are:

Industry visits:

Classroom teaching is very important. But it’s the industrial visits where students get greater clarity. The concepts taught in class are practically put to use and experienced here. It provides hands-on experience and direct insight into how the industry functions. It also provides an atmosphere for interactive learning. Their interpersonal and communication skills are tested in a real-life environment. Most importantly, it helps them notice the various roles and shortlist the ones they can envision themselves into. Regular industry visits at IILM expose the students to various work cultures and help broaden their outlook.

Guest lectures:

The growth of competitions across the industries, volatile business activities, the dependence of the economy on the government policies and several other interwoven factors make way for guest lectures. These speakers are especially invited for enlightening students with the wide experience they’ve had in the industry. They are either from other universities or are professionals managing the above-mentioned concerns and making concerned decisions on a day-to-day basis. Their insights and in-depth knowledge enhance the student’s overall educational experience. It helps them build the greater connection with the field they want to work in.

Live projects:

Gone are the days where students’ capabilities were measured on the basis of memorizing facts. 21st-century skills include quick problem-solving and applying what you learn in the classroom. Live projects enhance these skills. Students are asked to either intern or participate in one or the other capacity in a project that is currently in operation by a company. They find themselves being a part of something much bigger than their classroom. It helps them take responsibility and make decisions in an environment where one wrong step of theirs can jeopardize the growth of the project. Students benefit incredibly and get an opportunity to sharpen their professional skills. They also establish great relationships with professionals in the industry.

These are the various extracurricular activities that make students at UBS stand out.