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EXPERIENCE-OF-IILM-BBA-GLOBAL-STUDY-PROGRAM

EXPERIENCE OF IILM BBA GLOBAL STUDY PROGRAM

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EXPERIENCE OF GLOBAL STUDY PROGRAM
(STUTTGART, GERMANY)
By : Ritansha Rampal and Tejasva Ahuja, SBS Stage 2, IILM UBS

The study abroad program is designed to further develop and expand our intercultural and language competencies, and enhance and deepen our professional knowledge in an international context.

IILM BBA Global Study Program-Benz

Being a student of BBA program at IILM comes with the advantage of the Global Study Program. This Program spread over three weeks gives the students an opportunity to travel to Germany and complete a module at International School of Management, Germany (ISM), IILM’s partner business school. The students go abroad at the end of the first year of their SBS Swiss Business School Degree course at IILM Campus. In fact, we had the choice to go to Stuttgart or Dortmund Germany or Seneca in Canada, and we had opted for Stuttgart.

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Stuttgart and its surrounding area form one of the largest commercial capitals in Europe. The campus is just a few minutes on foot from south of the city centre and is easy to reach using public transport. The ISM Stuttgart Campus easily accommodated our batch and we had all the resources required for presentations and project work on request. We also had options available for lunch right next to our Campus.Ms. Vanessa,coordinator of the Global Study Program representing ISM, was also our mentor in Germany. She answered all the queries about the city, cuisine and travel plans. Ms. Vanessa also organized a city tour for all the students. The tour was conducted in a bus and we were shown the most popular landmarks and historical sites of the city with a narrative.

IILM BBA Global Study Program-Porsche3

Talking about classes, our sessions were conducted by Professor Björn Röeber who taught us Strategic Management and Professor Qeis Kamran who taught us Entrepreneurial Innovation.The teaching methodology included lecture practices which is an effective way to present new information orally. Both our professors were highly interactive and made us participate in group discussions. We found that they used to actively engage the group for discussion on a particular subject and they also shared case studies which were designed to evaluate how we processed information, solved problems and reacted to new and surprising situations, as well as how we worked within a team.

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We also had the opportunity of three Company Visits. The industrial visits were organised for the Porsche Museum, Bosch and Daimler. It is noteworthy to mention that the automobile industry is one of the leading industries at the global level and we got the chance to visit these Companies.

Talking about our experience during the visits, at Bosch, we got to know the technical side of how their business operates and at Daimler, we got to understand the production side of the business as well. In Porsche Museum, we were shown the evolution of the cars too. We liked the fact that we were introduced to their methods of acquiring customers.

We want to mention that it’s important that we have a realistic approach when we go for the study abroad program as it involves doing things that we do not normally do while at home. For example, laundry, groceries, making our beds. And so, here were times when we also felt a little homesick because this was our first college trip too. But at the same time, we also got to learn a lot from our experiences. Our teachers, peers and the ISM mentor were helpful in making things easy for us.

IILM BBA Global Study Program-Bosch

Lastly, we thoroughly enjoyed attending our classes, company visits and most specially one another’s company. It was great to know that we all had the ability to independently handle various situations and to figure out things on our own instead of having them done for us by someone else.

Convocation TakeAways for the Class of 2017

Campus Life, Events, IILM Graduate School of Management, IILM Institute for Higher Education, IILM University

The convocation ceremony for the 2015-2017 PGDM batch was held on 25th August 2017, with much pomp and splendor at the Lodhi Road Campus in Delhi. Amidst the scenic beauty and serenity, the batch reconnected with each other and came together to celebrate the collective sense of accomplishments. As a new faculty, it was initially difficult for me to connect to the students who are getting graduated as one may not know them. however, I was assigned the duty at the registration desk along with another amazing newly joined and this helped us to know each and every student on the LR campus, to say ‘Hi” to and yes register of course. what a great way to connect!! The last day on campus. no tension to attend classes or to appear for the exam. the joy simply reflected in wearing beautiful n smart dresses and looking extraordinary. the hug and selfies. And much more. The atmosphere was one of celebration inter mingled by some firm disciplinary yet ‘sweet’ scoldings from the faculty and staff with whom they have spent some good as well as ‘challenging’ times!

 

It was a time to reminisce and look back at the two gruelling, adventurous, and life-changing years spent together. The students received their ceremonial robes and graduation caps and proceeded for the formal function.  The convocation marked the end of their journey as students, and marked the beginning of their climb up the corporate ladder. The guest lecture by the Chief guest, Mr. Bharat Kaushal, helped the students to value the education they received in past 2 years. within and without the classrooms!

 

 

The rains were an unexpected guest but it could not dampen the spirit of the attendees. the guests, parents, and faculty had a hearty chit chat and the atmosphere was nothing less than that of a celebration! I saw the whole Rai family, watching like a warm parent, the students whom they nurtured… with joy, pride and best wishes for their great future! The highlight of any convocation is the tossing of the hats in the air and so it was with IILM with faculty running to save themselves from the flying hats! All in all, it was a day of joy, celebration, promises to stay connected and do well for oneself, others and yes carrying the honor and pride of being an IILM alumni.

 

Day of freedom with Liberal kids of Independent India

Campus Life, General Blog, IILM University

2017 is the year witnessed as beautiful festive fusion of our country’s Independence essence with holy fragrance of Janamstami all over India. 15th August, 1947 which is one of the most memorable day for all the Indians around the globe, as on this date our country got independent. We owe the sacrifices made by our freedom fighters for giving us free and country of joy and festival cherishing for coming millennium years. Read more

Changing Leadership Competencies in the VUCA world

Career Development (Placement), General Blog, IILM Graduate School of Management, IILM Institute for Higher Education, IILM Undergraduate Business School, IILM University, Uncategorized

In the recent years, the world has continued to undergo a series of transformational shifts. As we know technology has made momentous changes throughout the world, leading to great benefits and adding challenges. Let’s face it, our lives, both at work and at home, are in a constant state of flux. The looming question before us is-“how can we manage effectively in this constantly changing, dynamic situation?” The words of Charles Darwin seem to resonate more poignantly than ever: “It’s not the strongest of the species that survives, or the most intelligent, but rather the one most adaptable to change”. The VUCA environment as we know it. VUCA is an acronym that recently found its way into the business lexicon. It originally derives from the military vocabulary in the 1990’s and reflects volatility, uncertainty, complexity, and ambiguity of general conditions and situations that we all find ourselves in. VUCA seems to be an apt description of our constantly evolving world.

So how does VUCA manifest itself in our lives? Volatility is nothing but the nature, speed, volume, magnitude and the dynamics of change. Gone are the days when leaders and managers would have the luxury of time to plan for the next change. Today the change is here, even before we realize it. Things change unpredictably, suddenly, extremely, especially for the worse. Change is now seen as way of life and we need to constantly adapt and innovate. As Alvin Toffler correctly quotes “The illiterate of the 21st century will not be those who cannot read or write, but those who cannot learn, unlearn and relearn”. Uncertainty is the lack of predictability of issues and events and gets reflected in all areas of individual and social life. It’s the lack of predictability which leads to chaos and anxiety. Complexity of the confounding issues and the chaos that surrounds us. The complexity of the VUCA world is evident. The past, present and future are perceived with confusion, but at the same time are extremely interconnected. This can lead to an inability to be decisive because we find ourselves overwhelmed with both information and choice. Clarity is no longer a commodity that can be easily gained. Ambiguity is the haziness of reality. Today, every decision presents a series of ambiguous dilemmas. Situations and events are open to more than one interpretation, and the meaning can be understood in different ways. This can not only create confusion, but even conflict. Thus, sometimes it may get very hard to make the ‘right decision’.

Since VUCA seems to be the new normal, how can leaders today manage this transition and be more effective? The leadership process needs to undergo a 360-degree change. Therefore, what organizations need today is Leadership Agility and Cognitive Readiness.  The leadership today is a contextual and a temporal process of constant learning and practice. Cognitive readiness is the mental, emotional and interpersonal preparedness for uncertainty and risk and the ability most required by leaders in today’s’ context.

Leaders are therefore required to adapt and change from context to context and it becomes imperative for the organizations today to understand and grasp the new meaning and usage of the word leadership. There is a clear distinction between developing leaders and developing leadership. To be successful in this VUCA world, the leaders cannot afford to lead and guide people, the way it was done a decade ago. Today the leader needs to ‘walk the talk’. Today, most organizations are in a constant state of flux, undergoing radical changes, the leader behavior also needs to undergo a transformation. Some of the successful organizations rely on the following strategies. First, the leader should provide guidance and direction to teams across time zones, cultures and organizational barriers. Second, invest in talent and help nourish talented workers by giving them opportunities to grow and progress, developing a high performance organization is more imperative today than it ever was. Third, closely related to the second, is to invest in people, create a work environment which is engaging and that will foster commitment. Last, but not the least, all stakeholders in the organization (customers, employees and employers) need to be the part of the organization growth curve.

Change is inevitable in organizations and is at a critical tipping point, the increased pace of change in today’s global environment has created even more problems for leaders struggling to help their organizations adapt. Therefore, simply managing change is not sufficient. Successful change, therefore, requires leadership. Change or Perish is the new mantra in this VUCA world……

Life at IILM Campus

Alumni, Campus Life, Guest Blog, IILM Stories, IILM University, , ,

I, Bharti Goel, an IILM student pursuing PGDM course, 2015-17 batch.

It feels great to be a part of this esteemed institute. It’s not just a place which encourages us to dream big rather it’s a place where dreams come to life. The academic curriculum here is designed to give us umpteen opportunities to hone our skills especially the managerial expertise and help us evolve into and overall better individual. Furthermore, the spotlight of the course is the foreign exchange program.
During the inception of the course, students are drive to foreign countries as a part of foreign exchange program which helps concretely to provide exposure to outside world and be trained of culture and work environment there . In addition to it,Myriad of team building activities are held in our college which imbibes in us the importance of being a team player and makes us realize our core competencies. Our college encourage students to come up with new ideas and provides all the necessary help required by the individual in implementing that idea and bring it life. It really helps us to boost our confidence and sharpen our entrepreneurial acumen.

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In today’s ever growing competitive world, it is essential for students to have the insight into current best industry practices. Our college realizes the necessity and organizes regular guest lectures from industry experts helping us to learn the current industry trends, best practices followed which gives us a beforehand experience of the future responsibilities that we are going to handle.

The faculty members here are highly erudite and ready to lend a hand. . It’s not just the learned information given to us but also they direct us to pertain concepts practically in the real world scenarios. The professors here take abounding efforts to endow us with utmost acquaintance through videos, ppts, articles,case studies. Moreover, there is a provision for faculty to reside in hostel which is all the more constructive when it comes to clearing any doubts. Faculty members staying in hostel are very cooperative and amicable.

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We have a great campus with best infrastructure facilities available. The hostel is very comfortable with all the necessity amenities. It feels like home and at times you forget that you are not in hostel. Every hostel staff member is very cooperative like the guards are always there to help us whenever there is a need. Moreover the food provided is very nutritious and hygienic. Regular exercise sessions and yoga sessions are scheduled for us to ensure our good health

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I have realized I can be anything in life and IILM is the place which exhorts you to live your dreams and follow your passion!

~ Bharti Goel
Batch of 2015-17
#LifeAtIILM

An Introduction to Structured Products

IILM Graduate School of Management, IILM Institute for Higher Education, IILM Undergraduate Business School, IILM University, , , , , ,

Structured products are securities whose cash flow characteristics depend upon one or more indices or that have embedded forwards or options or securities where an investor’s investment return and the Issuer’s payment obligations are contingent on, or highly sensitive to, changes in the value of underlying assets, indices, interest rates or cash flows. They are a combination of a traditional investment in financial assets (like equities, currencies, bonds, commodities, or funds) and one or more derived instruments that are prearranged into one securitized instrument. These products are created to meet specific needs of investors that cannot be met from the standard exchange traded financial instruments available in the public equity, debt or derivative markets. They may be used as a substitute to a direct investment, as instruments of speculation, or as a part of an asset allocation process to reduce risk exposure of an existing portfolio or asset.

Types of Structured Products

Based on the review conducted by Office of Compliance Inspections and Examinations, USA structured products are issued and offered in five basic categories with varying payouts and risks. The most basic category has been referred to as partial or full “principal protected” notes. Such notes typically have returns linked to broad-based equity market indices, such as the S&P 500, and Nasdaq. Principal protected structured products with full protection tend to have the lowest yields, due to their principal protection component. These instruments might have maturities of five years or more, but they usually have a duration of 6 months to 2 years.

Enhanced-income notes – typically pays a higher coupon base and has capped returns tied to the value/performance of the underlying asset and may include at least some level of “principal protection.” The underlying assets for enhanced income notes typically include single stocks, baskets of stocks, and indices. Enhanced-income notes with indices as the underlying reference are typically coupled with increased principal protection and have longer maturities and lower yields than others. These instruments typically have maturities of 5 years or less with the majority having maturities of 1.5-2 years.

Another category, performance/market participation notes are linked to underlying assets such as gold, or investment strategies, such as long-short strategies, that are not otherwise easily accessed by small investors.

Still another category of structured products are the leveraged/enhanced participation notes that offer a leveraged upside. The notes may pay a return two to three times the return on the underlying, usually with a cap on the return and no principal protection.

The fifth category, these basic structures are often added and/or adjusted with each  other to form other numerous varieties, most notably reverse convertible notes. Reverse convertibles linked to a single entity are the riskiest products available to retail investors. In essence investors are, purchasing a security with the sale of a put option embedded in it. The payout of a typical equity-linked reverse convertible note is a high-level interest rate plus a return of principal at maturity if the equity increases in value during the life of the note. In case, if the underlying equity declines below a set trigger price at any time during the life of the note or if the equity closes below the initial level on the valuation date, instead of receiving the principal at maturity, the customer/investor will have “put” to him by the issuer a predetermined number of depreciated shares whose value on the date of maturity is less than the principal amount – while still receiving the coupon payments over the life of the note.

Risks associated with Structured Products

Any investment in a structured product does not provide an investor any right to the underlying asset. Additionally, there are substantial risks involved in a structured product that an investor must be aware of. In the following sections we discuss these risks.

Issuer Risk

Issuer risk or credit risk denotes the adverse effects of a fall in the issuer’s financial condition on the repayment value of the structured product and/or its price in the secondary market. In the event of the insolvency of the issuer, repayment may not be made at the end of the term – which implies the total loss of the capital invested.

Guarantor Risk (Credit Risk)

The guarantor will assume responsibility for paying all or part of the redemption price if the issuer is unable to do so. However participation of a guarantor does not make investing in capital protection products risk-free. For even the guarantors may also become insolvent and therefore be unable to meet their obligations. Investors always have to bear this risk.

Market Risk

Market risk means the risk of a loss that investors bear due to adverse changes in the value of the underlying. This may be triggered by a variety of causes, such as changes in relevant market variables (volatility, interest rates, equity-index levels etc) geopolitical events, lack of market transparency, particular imbalances between the supply of the underlying and the demand for it. An adverse change in the price of the underlying may also be caused by transactions conducted by the issuer in the course of its business activity.

Currency Risk

Currency risk refers to the adverse effects of fluctuations in exchange rates on the repayment value of the product and/or its price in the secondary market. The investor may be exposed to currency risk if the product is based on an underlying in a currency other than the issue currency, or the issue currency is different from the investment currency underlying the investor’s portfolio.

Liquidity Risk

Liquidity risk denotes the possibility that the investor may not be able to dispose of a structured product at any given time or at a reasonable market price because no binding prices are quoted for it. Additionally, demand supply imbalance in the secondary market of the underlying may lead to a bid-ask spread that may even result in the failure to sell the structured product (secondary market risk).

Commodity Risk

Investments in commodities may be subject to temporary illiquidity or larger price fluctuations compared to normal investments. This may result in a partial or total loss for the investor. Additionally lack of standardization may lead to an information deficit regarding the quality of a commodity. This can entail an increased risk for the investor. In case of physical settlement, it can be very expensive or even impossible to acquire the commodities to be delivered.

Emerging Market Risk

Emerging market risk refers to the possibility of a loss arising out of political instability, a weak economy, and/or relatively unpredictable financial markets and economic growth patterns. Insufficient or a lack of market supervision can further lead to a situation where investors cannot, or cannot easily, assert their legal rights. Moreover, legal systems that are not adequately regulated by government institutions can lead to substantial legal uncertainty. As emerging markets are more volatile, investors may suffer temporary, partial or total losses.

Structured products in India

Prudential ICICI in association with Deutsche Bank introduced India’s first capital-protected constant proportion portfolio insurance (CPPI) product for Indian investors, christened the Principal Protected Portfolio (PPP). In terms of market share, evidence suggests that capital guaranteed instruments are the most popular in Indian markets accounting for 83% of the market share. The most recent issue of such an instrument by Edelweiss Capital, ICICI Securities and IIFL Wealth Management is a form of secured non-convertible debenture (NCD) with a 18-month lock-in but investors get an option to sell before this period as the instruments are listed on exchanges. The product aims to benefit investors from the monetary easing expected from the RBI in the near term.

However, more exotic structures account for a miniscule part of the total market, possibly reflective of the emerging market risks that (global and domestic) investors face while investing in India.

Rush of Job Offers | IILM Placement Week 2015

IILM Institute for Higher Education, IILM University, ,

The current academic session at IILM has about 3-4 months to go, but for the students it is showering jobs already. The week went by at IILM placement week round two was enthralling for not only students but also for the college management. Some major industries from Banking, Retail and Telecomm made their way to IILM, offering positions ranging from Analyst, Marketing and Finance. The average annual salary package offered till now is Rs 7 Lakh.

The Placement Week Round Two brought a sense of certainty for students in terms of final placements. Ms Samiksha Garg from final year got placed with Grail Research. “I was eager enough to know the expectations from different companies and industries. Settling with Analyst position will certainly be my first step toward to the application of practical lessons,” said a student, with offer in hand.

Taking a few examples of placed students, Ms Aanchal Gaba is ready to start with her corporate experience with Copal Amba. “This is it! My career journey starts as I leave IILM. It is time to apply the lessons on practical grounds.” Meanwhile, Vivek Sirohia with specialization in Marketing is set to take his journey forward with Territory Sales Manager position at Airtel. “I can’t wait to start with my experience at Airtel, this is the opportunity I have been offered under the support system of IILM faculty and existing curriculum.”

The companies visited us with a unique blend of positions and offers for students. This is truly the time for students when they can portray their best efforts, capabilities, and personality to some of the most potential recruiters.

As the day breaks, the college settled with the busiest event around the year. We congratulate our students who are all set to take off their next journey to corporate world. Like every year, we learn new things and experience the unexpected round about. Indeed, it is true; the sole responsibility of every college is to inculcate the courage in students to face the uncertainties ahead of them. The companies and offers takes place with some essential efforts, and all we are ought to do is be prepared to take in what comes next.

Book Review:An Uncertain Glory: India and its Contradictions

Alumni, IILM Graduate School of Management, IILM Institute for Higher Education, IILM Undergraduate Business School, IILM University

Authors: Jean Dreze and Amartya Sen
Published by Penguin Books ( 2014)
ISBN No. 978-0-141-97582-5

An Uncertain Glory: India and its Contradictions is published by Penguin Books in 2014 , wherein the two economists Jean Dreze and Amartya Sen pose a question that who are the actual beneficiaries of this growth. The book is an eye opener on two fronts one that the growth is not participatory and two public sources generated by economic growth have not been able to improve the living conditions of people at large.
There has been a lot of discussion on the caste, religion, gender discrimination, regional disparity and languages. But, ever increasing income inequality has often been obscured in all these discussions. In modern India this seems to be a major concern area wherein there has been a widening gap between the deprived community and ever growing opulent rich class. This book by Dreze and Sen narrates this divide between the privileged and ignored society as one of the biggest challenge which has seldom been highlighted in all the literature which has been creating a hype of ever growing and prosperous India.
An Uncertain Glory thus, is equally of interest for readers coming from economic, social and political background as it reveals the story of India’s development. There has been an implied notion amongst political and economic logics which believes that the benefit of economic development will eventually trickle down from the higher levels to the grass roots leading to development with a broader base. But, the fact here is that neither the colonial past nor the policies post independence addressed the issues of poverty, illiteracy and inequality effectively.
The country has overseen the rapid rate of growth which has successfully employed the skilled people and wealth accumulation for a few corporate. There has been a surge in the living standard of middle class. Despite this fact, India has experienced a lack of political will which could utilize growing resources for improving ‘education, healthcare, nutrition, social facilities, and other essentials of fuller and freer human life for all.
The authors demonstrate that “India is not doing well at all in many respects even in comparison with some of the poorest countries in the world” outside of sub- Saharan Africa and even in South Asia though ahead of neighbors in terms of per capita income, India’s developmental indicators stand ahead of only Pakistan, a country with a perpetually disturbed political situation.
Dreze and Sen have strongly raised an argument that markets cannot allocate the resources effectively in the area of education, healthcare and infrastructure services due to inherent externality effects and the state intervention thus becomes inevitable. But, along with that the public services in India have been suffering with the malaise of corruption and lack of accountability .These problems somehow are a major cause of ever increasing inequality in the country. Dreze and Sen have thus spoken about education especially at a higher level as an escape route for the unheard millions. This might curb the established practices viz. corruption and bribery.
The book becomes more relevant in the context of understanding the economic development process as there are solutions been given for global and local issues. The authors have emphasized upon the fact that high level of human development in Europe, Latin America or East Asia – plus others even among India’s South Asian neighbors such as Bangladesh and Sri Lanka are a result of prudent and rationalist intervention of the government. Although some of the state government like Kerala Tamil Nadu or Himachal Pradesh have successfully been able to provide public services like education, administration and addressing economic inequalities as compared to states with poor governance like Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odhisa, Rajasthan and Uttar Pradesh. In these states living standards are no better than some of the poorer states in Africa.
The ability of the government to hasten poverty alleviation, secure gender justice and produce a corruption-free society can only be ensured by informed political selection. While much has been made, and rightfully so, of India’s democracy, evident in the size of the country, the variety of political parties, a largely free press as well as in the ability to sustain the democratic process amidst vast poverty, Dreze and Sen stress India’s need “to make much greater use of the democratic system.” It is in this optimism, which recognizes that India indeed possesses the means of achieving broad development for all, that An Uncertain Glory maintains a tone of hope amid grounds for despair.
The book by Dreze and Sen is a powerful, thought provoking and strong narration of pertinent issues which have been ailing the country since long. The book highlights the range of both the contradictions and possibilities inherent in the country.

“HR As a Strategic Business Partner”, HR Conclave 2015

Alumni, IILM Institute for Higher Education, IILM Undergraduate Business School, IILM University

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IGSM, Greater Noida organised a day-long HR CONCLAVE on the theme “HR As a Strategic Business Partner” on Saturday, 26th September 2015 at its Greater Noida Campus.

The event began with an opening address by Dr Taruna Gautam – Director, IGSM followed by an introduction to the theme by Dr. Itiliekha Dash, Area chair OB & HR at IILM Graduate School of Management.

Mr Sanjoy Mukerji, Managing Director of iClinic Healthcare and Diagno Labs was the chief guest on the occasion. He started with those values that a company must incorporate in its vision statement i.e. increasing both the shareholder’s value and customer value and making an alignment to at least one character of an employee to organization. Also he mentioned 5 key points that one must look forward to:

    • Every organization is becoming service organization. Therefore, it is important              to think of the policy to add values.
    • The frontline people are the most important people of the organization because they serve the customers.
    • Growth is the mantra that everyone should face and experience.
    • Organization should adopt the right culture to match with the product, customers etc.
    • It is important to integrate the communication process between frontline’s and executives.

Chandan Chattaraj ,President – HR (India & Global),Uflex Ltd was the key note speaker of the inaugural session. Mr. Chattaraj set the direction and elaborated on the broad idea about the whole discussion. With supporting data he spoke about “transformation”, how important it was to experience and understand it, than just learning new things. He emphasized on the idea that key investment for strategic role is knowledge and it was increasingly becoming investment centric than cost centric. He also mentioned that the strategy of UFLEX as an organization was to “Understand your people and your organization”. He elaborated on his journey from a Welfare Officer to a Strategic HR.

Both speakers concluded that in order to be in the centre, HR personnel must understand their responsibility towards the business, objectives and mission of the organization. 

SESSION 1: The changing role of HR leaders from background contributor to strategic value creator.

After the inaugural session, the conclave proceeded to its first panel discussion on the sub-theme “The changing role of hr leaders from background contributor to strategic value creator.” The first panel member of this session was Mr. Mainak Maheshwari. Mr. Maheshwari started the discussion with two questions.

  • Why is it changing?
  • What is actually changing?

While answering the first question, he reminded of how the importance people as an asset have changed the mindset with respect to generational shift. For answering his second question he talked about lot of job opportunities and startup culture and how the traditional perception about HR is changing. At the end of the discussion, he shared the lesson he learned from his experience; “an HR manager needs to be friend, philosopher and guide. For this, empathy and sensitivity is must. Always be futuristic”. He concluded that KRA/KPI should be aligned with that of business and there must be an understanding of complete business to grow with competition.

 

Mr. Vivek Tripathi was the next panel member to talk. He spoke about the importance of HR: “HR is too important to be left with HR. It has to be embraced by every part of the organization.”He threw light on “What is changing and what is driving this change?” Also he spoke of the major challenge faced in HR i.e. TRUST. He also emphasized on Values, their adaptability, integrity and passion for excellence.

Mr. Muralidhar Shyam was our last panel member of the first session. He started his session mentioning some major challenges that a HR department as a whole has to go through. Some of them he mentioned were: Talent Strategies, Core competencies, building capable teams as per KRA/KPI’s. He talked about the foremost role of strategic HR and also emphasized on the fact that effective strategies rest on three foundations ie. Value Creation, Value Delivery and value Capture.

Session 2 – Practices that differentiate the best organization from the good ones.

The second session commenced with video demonstrations on connecting customers and focusing on competencies. Mr Deepak Jalan, Group Head, Resource Management Group, Tech Mahindra opined that the core value of an organistion should be based on freedom to explore. “An organization must focus on seeking for best employees, should be customer centric and should respect individual effort”. He also spoke about sustainable business practices by exploring new ideas which necessarily entailed risk.

Ms Anju Sabharwal, the second speaker of the session shared her experience with Vodafone. She highlighted how the company’s initiatives like focusing on reward and recognition, knowledge empowerment, grievances redressal, girls education, organizing co curricular activities etc for its employees were making a difference in their well being. She concluded her session by emphasizing how happy employees contributed to organizational success and helps a company to build a brand.

Mr Abhishek Tiwary, Managing Director, KPMG was the last speaker on this panel. He spoke about the role of leadership and mentioned that great leaders by themselves were not good enough for building world class companies; it required the concerted effort of talented employees who were aligned to a company’s mission and vision to transform a dream into a reality.

SESSION 3 –Harnessing the power of Gen Y to drive business ahead.

Mr. Anupam Dubey, Key Accounts Manager-Utilities, at Paytm discussed the different features of Gen Y: techno savvy, entrepreneurial, environmentally minded, comfortably self-reliant, socio-mobi generation. He also mentioned that 50% of India’s GDP came from people with average age of 25 years. He suggested prospective managers to focus more on career opportunities and multi-dimensional growth, rather than evaluate growth in monetary terms alone. He concluded his discussion by saying “There has been a shift from work-life balance to work-life integrity.” Ideas for Gen Y already have arrived and in progress such as work from home, leadership development programs & innovation challenges and entrepreneurship.

Mr. Kunwar J Singh, Head HR, Rolls Royce deliberated on how we should equip ourselves in harnessing Gen Y. He also mentioned how Gen Y is different in terms of connectivity, technology orientation, productivity and job skills. He said that Gen Y were more inclined towards technology, and instance feedback and results, and that they were more opportunistic in their attempt to be successful.

The last speaker of this session Mr. Sujoy Basu emphasized that Gen Y were the People who wanted to achieve their goal by walking an extra mile if necessary. They had the extreme personality traits and believed in leadership and self motivation. They were self driven individuals who could avail every opportunity for growth. Mr Basu, emphasized the various initiatives taken by organizations today to harness the power of Gen Y, like recognizing innovation and their risk taking attitude.

Dr Arvind, Deputy Chief Administrative Officer, Ministry of Defense, Government of India delivered the valedictory address at the Conclave. In his address Dr. Arvind emphasized the growing importance of ‘knowledge as an asset’ in determining the prosperity of nations and the role of knowledge capital in fostering economic growth and prosperity.

Faculty and Academic News : Aug – Sep, 2015

IILM University

Learning from Leaders at Campus

Ms Rashmi Chugh Business Head and Publisher, HT Media Ltd addressed the students PGDM 15-17and 14-16 batch students on the topic “How to craft your Career” on 07 Sep 2015 at IILM Institute for Business and Management, Gurgaon.

Faculty News

  • Ms Anjali Jain (Faculty Associate, IILM Institute for Business and Management) presented a paper titled “Talent Analytics: Need of an Hour”, at the HR Conference Women in Power: Changing the Business Landscape on September 11, 2015 at IILM Institute for Business and Management.
  • Ms Aparna Kaushik (Assistant Professor, IILM Institute for Business and Management) conducted a training programme on Emotional Intelligence with Engineers India Ltd on 21 August 2015.
  • Shweta Sharma (Assistant Professor, Marketing, IILM Institute for Business and Management, Gurgaon) has qualified for the Degree of Doctor of Philosophy (Ph.D.) of Faculty of Management Studies, University of Delhi. Her title thesis title is: “Social Media: Analysis and Implications on Marketing Communications in the Indian Context”.
  • Dr Vidhisha Vyas (Assistant Professor, Economics and Strategy, IILM Institute for Business and Management) presented a paper on has published a paper in the magazine People Matter titled Emerging trends of green work life balance on 31/Aug/2015

Faculty Development Programme On Campus

  • Faculty Development Programme was be conducted by Dr. Sujata Shahi and Dr. Vidhisha Vyas on “8 minute Lecture” on 25 th September, 2015
  • Faculty Development Programme was conducted by Mr. Jasdeep Chaddha and Mr. Nalin Jha on “Managerial Decision making using Excel” on 18th September, 2015
  • Faculty Development Programme was conducted by Dr. Sujata Shahi and Ms. Aparna Kaushik on “Conflict Management” on 4th September, 2015
  • Faculty Development Programme was conducted by Ms. Rachna Madaan on “Work Life Balance: 8 steps on the road to success” on 14 th August, 2015
  • Faculty Development Programme in the area of Placement Training was conducted by Ms. Shivani Teckchandany and Ms. Ruchi Shah on the topic of “Right approach to industry engagement” on 3rd July, 2015.
  • Faculty Development Programme was conducted by Dr. Vidisha Vyas on the topic of “Knowing Goods and Services Tax (GST): An economic perspective” on 19th June, 2015

Students Achievement

  • Vijaydeep Dhasmana and Sundeep Singh Bharaj of PGDM students (batch 15-17) were one of the six finalists in ‘SHIKHAR 2015’- National Level Paper Presentation Competition, on “Report on Devaluation of Yuan-Chinese Currency” at the N.L. Dalmia Institute of management studies and Research, Mumbai on 26th September 2015.

 

  • Ms Niti (PGDM 14-16 student) presented a paper titled “Women Empowerment at Workplace” at the HR Conference Women in Power: Changing the Business Landscape on September 11, 2015 at IILM Institute for Business and Management.