business standard april issue

5/24/2018 Business Standard April Issue

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INSIDE

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2> Mr.Motilal Oswal at Aditya Institute of

Management Studies and Research

INDUSTRYON CAMPUS

- Sarita, DSBM

HAPPENINGS4ON CAMPUS>ANNUAL AWARD

CEREMONY AT DSBM

3HAPPENINGSON CAMPUS

>Mobility with Nobility The 6thInternational Entrepreneurship conferenceat Great Lakes-

- Prerna Mittal, Great Lakes Institute of Management

B-schools reduce seats,cut fees to attract students

With management courses falling out of flavour, Ahmedabad-based United WorldSchool of Business (UWB) has brought down the number of seats for MBA from240 to 180 this year.

Students do not want to get into management education. In such a scenario, wecannot put pressure on the marketing team to get students for 240 seats. We willnot lower the standard just to fill the seats. Hence, we brought down the numberof seats, said Ritesh Hada, Managing Director, UWB.

The number of students has come down 25 per cent this year. UWB had recentlyincreased its admission fee for MBA from Rs 4.75 lakh last year to Rs 5 lakh thisyear.

Many B-schools across the country are also feeling the pinch. A B-school in theNational Capital Region has not only lowered its fee by Rs 25,000 but is alsoplanning to reduce the number of seats.

Industry players say it could be a tough admission season for B-schools this year.Admissions will get over by mid-June. The admission season does not look verypromising this year, too. Thanks to the not-so-impressive placements andeconomic growth, it will be difficult to convince students to join a B-school.Except the top ones, others are in for difficult times, said H Chaturvedi, Director,Birla Institute of Management Technology, Greater Noida.

However, B-schools are making all efforts for a decent admission season byapproaching MBA coaching institutes, distributing pamphlets and roping inadmission agents.

B-schools resort to all kinds of inducements. We have warned students aboutthem. We have our own list of good B-schools, which we have prepared on thebasis of their faculty and placement track record, and we recommend our

students only those schools, said Sai Kumar Swamy, Director, TriumphantInstitute of Management Education, Delhi.

Last year, of 45,700 MBA seats available in Maharashtra, only 12,800 were filled.This resulted in many B-schools converting minority quota seats into generalcategory seats.

For the first time in the last three years, the number of new management andengineering and technology institutes opening has come down by half.

In FY12, 892 new management and engineering and technology institutes wereopened in India, and 626 new institutions were set up in FY13. In FY14, only 494new institutes have so far sought permission from the All India Council forTechnical Education.

VINAY UMARJI & M SARASWATHYAhmedabad/Mumbai, 26 February


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Mr. Motilal Oswal at Aditya Institute of Management Studies and Research

When times are tough, become better so that you become bigger when times are good, said Mr. Motilal Oswal, CEO ofMotilal Oswal Securities Ltd at the special INSPIRATION lecture organised by Aditya Institute of Management Studiesand Research.

Mr. Oswal emphasised on the right intensity of passion, right set of values and learning spirit as the factors contributing tohis success. He spoke about competitive and technological challenges which will rule the financial world. Mr. Oswaladvised students to keep knowledge first with a clear goal in life.Mr. Oswal advised budding managers on proper investment techniques. He stressed on appropriate stock selection, sectorselection with long term investment options. He stressed on importance of research for growth.Dr. Swati Lodha, Director, AIMSR welcomed Shri Oswal and briefed him about the vision of the institute.It is noteworthy that Mr. Anand Rathi, CEO, Co-founder & Chairman, Anand Rathi Financial Services Limited & Mr. VikaasM. Sachdeva, CEO at Edelweiss Asset Management Ltd., and Director at Association of Mutual Fund in India (AMFI) had

visited the institute in February this year.

I N D U S T R Y O N C A M P U S


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I N B R I E F

H A P P E N I N G S O N C A M P U S

From a 15.7 million broad band users in 2013 to a predicted 600 million users by 2020,are the companies ready to embrace mobility touted as the future of businesses?The 6th International Entrepreneurship conference organized by Great Lakes Institute ofManagement at its campus on Feb 18, 2014 was held on the theme Mobility withNobility that discussed this intriguing questionDr. Bala V Balachandran, Founder Dean, Great Lakes welcomed everyone and said, Theworld is heading towards convergence and mobile technology is going to create the

entire wave.

Talking on mobility, Mr. Vinod Muthukrishnan, CEO, M/s Cloudcherry, said, Whenmobility, big data, analytics and cloud come together, there are path breaking ideas andbusiness intelligence.In his guest of honour address, Mr. Ram Vishwanathan, Distinguished IBM Engineer,opined Mobile Technologies are the perfect platform for India to bridge the divide. Mr.Ram while pointing out the challenge the industry faces, said, We have systems likeERP, SAP and then we have system engagements, and how we connect these two is thechallenge

Mr. Shankar Narayanan, Ex-Chairman, Founder and CEO - SPIME INC, Co-Found-er-EmuzedInc & Nexus Inc, USA, enthralled the audience with his personal experiencesas a technopreneur. Mr. Shankars powerful advice to budding entrepreneurs was - beintuitive, be nice to people from a young age and be different.Mr. Sanjay Singh, Vice President & Head Engineering, GlobalLogic, delivered thevaledictory address and said that entrepreneurs should look for disruptions in abusiness, find a niche and capitalize on the opportunity.The winners of the Business Plan Competition, Hyperion organized by Great Lakes,were given Narasinga Rao Memorial Award of INR 1 lakh. There was excitement allaround for the winners when VILLGRO, a private incubating & investing organizationcame forward to support the teams by providing them incubation, mentoring andinvestment support up to INR 60 lakh.

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Mobility with Nobility The 6th InternationalEntrepreneurship conference at Great Lakes-

Prerna Mittal, Great Lakes Institute of Management-Foram Dave, SPEC

ACTIVITIES AT SPEC

IN APRIL-2014

A major event in the month ofApril included placementinterviews conducted bycompanies like Rich Infra Pvt.Ltd., Serco Global, Laxmi VilasBank and HDFC Life Insurance.

Many students emerged victoriousand received job offers from thesecompanies.A grand farewell function wasalso organized by the juniors forthe senior batch. Students wereseen enjoying the event andreminiscing the memories of thecollege days.End of April saw studentspreparing for their vivas ondifferent subjects. Projectpreparations were in full swing.Following this were themid-semester exams.An awareness campaign

conducted by the college educatedthe students about the electionsand motivated them to cast theirprecious vote.Endeavour conducted a seminaron effective communication andteam. The seminar taught thestudents how to build a goodteam, how to work in a team, etc.


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B-Schools and Competition: Bitter vs. Better

"Competition brings out the best in products and the worst in people." - David Sarnoff,Pioneer of American Commercial Radio and TV.Rightly said! It is tacit knowledge, if success is the dream a B-school fosters, competition orrather the spirit of competition keeps the dream going on. No matter how accommodatingand affable one may be; no matter in what way group activities instill the spirit of 'oneteam one goal', competition by far compels almost everyone to work for short term goals,mostly articulated as grades. And no matter how ever one may be calm and collected,competition at a B-school for most becomes overwhelming!

This, however, doesn't have to go on like this for all of us. Two years are also anopportunity to make friends, experiment, learn and grow as a human being. These twoyears come with an opportunity to learn 'self-discipline'. A night's coffee with youracademic arch rival can do more good than beating him the next day by one or two marks.Management is not always about being the best, it is about the journey chosen to becomethe best that differentiates between excellence and temporal achievements. By choosing tolearn, share and grow, a student can break through the manacles of mediocrity in goalsetting. Excellence is not always quantifiable in terms of grade points; it can only begraded through lifetimes. And often greatest of business leaders have admitted that theywere best of friends with their so-called competitors. It is said that jealousy is love incompetition, but in reality competing with others makes one bitter while competing with

oneself makes one better. Competition is necessary but its evils are not. So if you haven'tdone the following probably you haven't tasted the real flavour of competition at aB-School: Help a batch mate with a subject Go partying Experiment Write an exam without studying the 'ideal way' Develop a hobby (an entirely new one) Laugh at yourself (very often) Be brave enough and admit you're far from being the best, grow each day Go on an adventure trip Read fiction and never give up imagining and being childlike Smile in the face of defeat

-Pragya Bang, IIM Indore PGP Mumbai

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H A P P E N I N G S O N C A M P U S

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I N B R I E F

OFTHEMON

TH

ANNUAL AWARDCEREMONY AT DSBM

DAV School of BusinessManagement, Unit-8, Bhubane-swar, organized Annual AwardCeremony to honor the youngachievers of the institute whohave excelled in curricular andco-curricular activities. B. K.Patnaik, IAS, Former ChiefSecretary and presentlyChairman of Staff Selection

Commission, Govt. of Odisha,graced the occasion as the ChiefGuest. Shri Patnaik praised theinstitute for the outstandingresults and organizing variousinnovative skill orientedprogramme. He felicitated thesix toppers, Smaraki Pattnayak(1st position), Nisha Jain (2ndposition), Karishma KumariRaju (3rd position), RinkyKumari Shaw (4th position),Rupali Rupasmita Nayak (5thposition) followed by Manasmi-ta Mohanty in 9th position ofadmission batch 2010-13 for

their exemplary performance inUtkal University. BBA examina-tions. M. M. Panda, President,DSBM, emphasized on dedica-tion, commitment and devotionto excel in all spheres of life. Dr.D. N. Mishra, Principal, DSBM,congratulated the youngachievers for curricular andco-curricular activities. Amongother dignitaries of DAVInstitutions, Dr. B. Nayak &Madam Sujata were present.

-Sarita, DSBM


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R E S E A R C H K I T O N C A M P U S

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F U N O N C A M P U S

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QUIZ

1) After PwC acquired Booz and Co., what is its new name?

2) Who has created a video which has gone viral using real life Ronald McDonald to endorse their breakfasts?

3) Which brand uses the punch line Wear it well?

4) Anarchy, Peace, Kilo, Dark Temptation and Harmony are sub brands of which product?

5) Which company uses this baseline "Architect of an Open World"?

6) Which 2011 model car has door handles that are invisible?

7) This company was founded in 1939 and uses the acronym LIFE for the business categories. Identify the company.

8) Which companys corporate philosophy and belief systems are associated with the Japanese word kyosei and the three selves self-motivation, self-management and self-awareness?

9) What is colloquially referred to as the Toulouse Goose?

10) Which brand had to recall 800,000 pairs of its shoes when it was found that a logo on the sole resembled

the Arabic lettering for Allah?

Send the correct answers to [email protected] lucky winner gets a special prize andthe name will be published in the next issue.

Last date of sending entries is June 5, 2014.

Answers to last issue of Fun on Campus

There were no correct entries for the previous issue of Fun on Campus

1 Lenovo uses Fu Pan, which means replaying the chess board or analysing the moves you have made so as to do better next time as a strategy tool2 J.W. "Bill" Marriott, Jr.3 Garden Vareli4 Taco Bell5 Datsun Go6 M is the Roman numeral 1000. CPM is Cost per 1000 impressions.7 They are all words that were invented for use in the social media and have subsequently found a place in the Oxford dictionary8 Machine to Machine communication9 SCAM stands for Social Media, Cloud, Analytics and Mobile10 Nordstrom

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