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Seminar on ‘Being an entrepreneur in a complex world’ by WeSchool

Gain insights about the 11 months Entrepreneurship Program on 11th and 12th July, 2014

We SchoolThe volatility and complexities of the economic environment in India has made not only growth but also survival for businesses a challenge. In spite of the odds, there has been an increase in the number of entrepreneurial ventures that have come up recently. Entrepreneurs are one of the key drivers of growth in any developing economy like India. They act as the facilitators of change by creating new products, solutions, business strategies etc apart from supporting the society by creating jobs, carrying out various CSR activities and the like.

According to the EY G20 Entrepreneurship Barometer 2013, India is ranked in the 5th position for coordinated support. India’s abundant resources needs to be better utilized to help create a robust and nurturing atmosphere for its aspiring entrepreneurs. Apart from a healthy ecosystem and positive culture, right education also plays a vital role in duly guiding the budding talent. The report also ranks India at 11th position for entrepreneurship culture and 20th position for education and training, thus clearly setting out the need for bringing about considerable changes in the education system. Inspiring ideas and ambitious dreams have lead to the expansion of India’s entrepreneurial landscape.  However, the inability to rightly channelize the ideas and talent will create an unsupportive framework for them if not suitably mentored.

Hence, to help and lead aspiring entrepreneurs on to the right path, educational institutes areproviding various modules in entrepreneurship. Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool), one of the leading B-Schools in India has formulated a specialised course, Post Graduate Program in Entrepreneurship (PGP- Entrepreneurship)’,  based on the AAA (Acquisition, Application and Assimilation of Knowledge) model similar to that at Harvard Business School.

To provide more insights on the program and its outcomes, WeSchool will be organizing multiple free seminars on the theme, ‘Gain insights about the 11 months Entrepreneurship Program’ on 11th and 12th July, 2014. These will be beneficial for 1st and 2nd generation entrepreneurs, SME owners from diverse industry sectors and aspiring entrepreneurs interested in starting their own business or from established family run businesses. The session will help in getting information on the course structure, program highlights, eligibility, application procedure, fee structure, career opportunities and the like. It will also focus on the current business scenario in India and how the course will help entrants in shaping themselves by honing their skills and capabilities to be able to lead their businesses successfully in this complex world.

For the convenience of the students across the city, these free seminars are being held at Andheri and Thane on 11th and Weschool campus (Matunga) and Vashi on 12th July 2014.

Please find details on the time and venue below.

Date: 11th July 2014; Time: 6pm to 8pm

Thane – Hotel Satkar Grand, Opp Aplab Ltd, Wagle Estate, Thane (West)

Speaker – Prof. Victor Manickam, WeSchool

Andheri – Hotel Karl Residency, 36, Lallubhai Park Road, Andheri (West)

Speaker: Dr. S. Gondhalekar is a leading business consultant and   a mentor   to  various   organisations  and   entrepreneur across 22 countries.  He Is the Professor-In-charge for PGP-Entrepreneurship Management at WeSchool.

Date: 12th July 2014; Time: 6pm to 8pm

Matunga – Prin L N Welingkar Institute of Management, Matunga Central, Mumbai 19.

Speaker:  Dr. S. Gondhalekar, WeSchool

Vashi – Hotel Regenza by Tunga, Next to Center one Mall, Vashi

Speaker – Prof. Victor Manickam and Prof. Sapna Malya, WeSchool

For more details on the seminar please contact: Anahita Guha – 9867581591

About WeSchool

Established in 1977, Prin. L. N. Welingkar Institute of Management Development & Research (WeSchool) features among the premier Business Schools in India. Run by charitable Trust S.P. Mandali, Pune, all across the state of Maharashtra, WeSchool is ranked 10th among the top private B-Schools, 8th in international linkages by Forbes India in their best Business School survey in July 2011 and ranked 16th in Economic Times – India Inc’s Preferred B Schools survey 2011.

Vice President presents Moortidevi Award to Prof Gopi Chand Narang

Gopi Chand NarangThe Vice President of India Shri M. Hamid Ansari presented the “Moortidevi Award for 2010” to eminent Urdu scholar Prof. Gopi Chand Narang for his outstanding work ‘Urdu Ghazal aur Hindustani Zehan wa Tehzeeb” at a function organized by Bhartiya Jnanpith here today. He congratulated Prof. Narang for receiving this award which he so rightly deserves. He also lauded the Selection Board which has chosen a litterateur whose work fully reflects the purpose and objectives for which the award was instituted.

Shri Ansari said that Prof. Narang revived Urdu language in our country through his writings and he is one of the foremost theorist, literary critic and Urdu scholar of our country. His perceptive writings have helped Urdu criticism becoming more contemporary. It is befitting that his long academic life of excellence has been felicitated by conferring the Moortidevi award on him. He thanked Bharatiya Gyanpith for inviting him at the function to give away the Moortidevi Award to Professor Narang.

Press Information Bureau

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Pearson Education launches digital learning ‘Active Teach’

Pearson Education has announced the launch of ‘Active Teach’ a digital learning solution for Schools in India. The digital learning product was showcased in a workshop hosted by Mr N C Sridharan a Master Practitioner. During the workshop, he discussed the role of teachers and how they play an active role in igniting the students mind.

Naveen Rajlani, Vice-President ELT and School, Pearson Education, said “ActiveTeach is a unique digital learning resource that combines pedagogically sound text books with innovative teaching and learning materials, and it seamlessly integrates technology with the syllabus to ensure the best possible learning environment.”

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IIM Raipur signs MoU with IESEG School of Management, France

Indian Institute of Management (IIM), Raipur, has signed a Memorandum of Understanding (MoU) with the IESEG School of Management seeking student and faculty exchange programs, collaborative research projects and organization of joint academic and scientific activities. The MoU was signed by Prof.B S. Sahay, Director, IIM, Raipur and Prof. Jean-Philippe AMMEUX, Director General& Dean,IESEG School of Management, Lille & Paris.

IÉSEG School of Management is one of the main business schools in France. The school has a total of 3,000 students (of which over 700 are international students – mainly exchange students) scattered on both the Lille and Paris campuses.

The business school is a member of the UniversitéCatholique de Lille, the largest private university in France in terms of student population and endowment.The co-operation program aims to foster advancement in teaching, research, cultural understanding, as well as international reputations of both institutions through: the exchange of postgraduate students, faculty members, and academic information and materials; the organisation of joint corporate training programs, joint research programs, joint conferences; and other academic exchanges that both institutions agree to.

Each institution will accept Post-Graduate students from the other institution starting from the academic year 2013-14. They have agreed to exchange up to five students for one semester/term of study per academic year. No tuition fee will be charged by the partner or host institution.
IESEG and IIM Raipur will also exchange faculty members, which will create a strong basis for the development of joint training programs, formulating joint research projects, exchange of teaching materials, and so on. Under this agreement IESEG and IIM Raipur may invite faculty members from the partner School to teach part of a course or a full course.
Under this agreement both institutions will explore possibilities of collaboration in conducting middle and senior management training programs in business management topics with a view towards promoting the image of both Schools as disseminators of state-of-the-art knowledge in this field. The program will be of two weeks duration. One week of the program will be conducted at IIM Raipur and one week will be conducted by IESEG at their facilities.

Both institutions shall explore the feasibility of organising joint international and local academic and business conferences to improve visibility and enhance the image of both institutions as quality service providers to business and industry. IESEG has been accredited by EQUIS and has collaborations with IIM Bangalore, IIM Calcutta, IIM Indore, and IIM Kozikode.

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‘Obama likely to win the US Presidential Election Battle’ predicts FMS Delhi Students

While some may associate them only with snazzy presentations and meaningless jargon, management students at the Faculty of Management Studies – University of Delhi (FMS-Delhi), have proved that there is more to an MBA than just the usual rigor of academics.

Completing a research paper under the tutelage of Dr. Pankaj Sinha, FMS Delhi final year students have predicted the results of the 2012 US Presidential Elections. The research also elaborated the impact of the expected outcome on various macroeconomic variables of U.S. economy post elections. These research papers have been circulated and published in international economics forums like IDEAS, New Economics Papers, Econpapers etc.

The University of Buckingham Press has published the Journal of Prediction Markets entitled “Prediction for the 2012 United States Presidential Election Using Multiple Regression Model”, research conducted by Dr Pankaj Sinha, Harsh Vardhan Singh and Aastha Sharma points to a victory of Obama in the presidential elections with a vote share of 51.8% to 54.2%.

“We discussed several factors while developing a prediction model for the election. As opposed to what several naysayers are stating, our research proves that in spite of the weight of the economic crisis upon him, Obama will not have difficulties in defeating Romney in the upcoming elections.” says Dr. Sinha while discussing the study.

Furthermore, students extended the study by applying various statistical techniques through their paper “Forecasting 2012 United States Presidential election using Factor Analysis, Logit and Probit Model” (Dr Pankaj Sinha, Varun Ranjan, Ashley Rose Thomas), also under review at “American Politics Research Journal”, to gain wider international acceptance for their study on the prediction.

In both the papers, the results show a remarkable deviation from the contemporary discussions that economic indicators like unemployment rate and healthcare spending play an important role in voting pattern. Instead, it is a combination of variables like Presidential job approval and contemporary scandals that influence the voting decision.

Weighing in on the debate continuing on the economic scenario in the US, another publication entitled “Economic scenario of United States of America before and after 2012 U.S. Presidential election” (Dr Pankaj Sinha, Anushree Singhal, Kriti Sondhi) uses statistical ARIMA modeling, to forecast the affect that both the candidates’ policies would have on the US economy in the upcoming years after the election.

Dr. Sinha adds, “The findings indicate that GDP is expected to grow at an average of about 2 percent and that a recession is not impending in 2013. Also going by the current policies, it is forecasted that U.S. exports and imports are expected to increase as the U.S. economy recovers”. The publication predicts that the Obama’s policies will inflate the budgetary deficit while Romney’s strategy would lower the same.

Links to papers:

  1. Title: Prediction for the 2012 United States Presidential Election Using Multiple Regression Model (Pankaj Sinha , Aastha Sharma and Harsh Vardhan Singh)
  2. Title: Forecasting 2012 United States Presidential election using Factor Analysis, Logit and Probit Models (Pankaj Sinha, Ashley Rose Thomas and Varun Ranjan)
  3. Title: Economic scenario of United States of America before and after 2012 U.S. Presidential Election (Pankaj Sinha, Anushree Singhal and Kriti Sondhi)

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ISB&M Hosts Mega B – School Fest – Zeal 2012

International School of Business and Media (ISB&M) recently concluded it’s Business School Fest Zest 2012. The two days long Fest witnessed participation from more than twenty B Schools, showcasing the best talents in the field of business and management. Some of the colleges participated in the Fest are FMS DU , Fore School of Management, IMI, DMS , IIT Delhi, MFC, MDI Gurgaon, LBSIM, ISB&M Pune.

The main highlights being mind wrenching games and business simulations such as Real Deal, Biz Quiz, Case -Di Studio, Ad – Droit, The Perfect Prose and Marketing Managers added a dash of verve and excitement to the gala event. Real Deal being the show stealer with prize money of Rs 35000 set the stage rolling for a mind stimulating and adrenalin thumping experience. What followed was a string of business simulations that kept the students asking for more. Idea Jugglers was another favorite that urged participants with an entrepreneurial spirit to share their business idea and take home prize money worth Rs 15000/-.

The 2 days fest was graced by the presence of Chief Guest Mr.Joy Mukherjee, VP, Royal Bank of Scotland together with Rajesh Baijal, CEO ELDECO, Arun David VP HR, Volvo India and dignitaries from Sam Miller, Hero Motor Corp, Ten Sports & Crisil.

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IFIM Business School appoints Dr. N. Jayasankaran as its ‘Chief Mentor’

IFIM Business School Bangalore has announced the appointment of Dr. N. Jayasankaran as the ‘Chief Mentor’. (Earlier He was a member of the Board of Governors of IFIM). Dr. N. Jayasankaran, is rated as one of the top five professors of management in India under the merit list published by Business Standard. Founder and secretary of the Ramanujan Mathematical Society of India, he is a rare mix of an erudite academician and a seasoned institution builder.

Prof. Dr. N. Jayasankaran was one of the founders and former Director General of the Bharathidasan Institute of Management – BIM, Trichy and the former Vice-Chancellor of Kanchi University. He has been involved in developing several leading Management Institutes like BIM (Trichy & Bangalore), NMIMS (Bangalore & Hyderabad campuses), amongst others. He was also a core member of the Curriculum Development Committee of UGC for development of University Management programs, across the country.

In his role as ‘Chief Mentor’, Dr. Jayasankaran will focus on enhancing the academic standards, refurbishing the curriculum, mentoring the faculty and creating a culture of all round excellence.

Dr. Jayasankaran said, “IFIM is one of the fastest growing B-Schools in the country with all the right ingredients in place to become a top notch B-School. I see my role as a catalyst in growing IFIM into a world class institution. Our mission is to be among the ‘Top 20’ B-Schools in India and in the ‘Top 30’ in Asia, in the next 3 years.”

Welcoming Dr. Jayasankaran in his new role, Mr. Sanjay Padode, Secretary- IFIM Board of Governors, says: “Given IFIM’s vision of creating ‘continuously employable professionals’, with the right blend of knowledge, skills and attitude, Dr. Jayasankaran’s expertise and experience will enable us to rethink the MBA and make it more relevant to the needs of a dynamic and ever evolving business world.”

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SkillsDMC to assist resources sector skills development in India

SkillsDMC, the Industry Skills Council for Australia’s Resources and Infrastructure Industry has signed a Memorandum of Understanding (MoU) with India’s National Skills Development Corporation. This will support the establishment of the Indian Sector Skills Council for mining, and provide for ongoing cooperation between Australia and India.

The MoU was signed on 17 October in Delhi in the presence of the Hon Julia Gillard MP, Prime Minister of Australia and Dr Manmohan Singh, Prime Minister of India. India has set an ambitious target to provide skills training for up to 500 million people by 2022 to enhance productivity, employment opportunities and income.

The key points outlined in the MoU include SkillDMC providing support to its Indian Sector Skills Council counterpart in the areas of:

  • Creation of competency standards;
  • Processes for affiliation of training partners;
  • Assessment;
  • Certification;
  • Stakeholder engagement.

Image courtesy of digitalart at FreeDigitalPhotos.net

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ISB Hyderabad & IBA Karachi join hands to offer first Joint Executive Education Programme

The Indian School of Business (ISB) and Institute of Business Administration (IBA), Karachi yesterday announced the commencement of their first joint executive education programme in Pakistan. The programme titled ‘Leadership Skills for Top Management’ is currently underway in Karachi.

‘Leadership Skills for Top Management’ (LSTM) is the first among the planned series of programmes aimed at the business leaders in Pakistan. It has been specially designed to help CXOs, business heads and government officials to hone their leadership skills and drive growth through exceptional performance in a challenging and ever-evolving global market. LSTM is among ISB’s most successful executive education programmes in India, having been delivered to more than 1000senior leaders in the last 11 years.

Announcing the programme, Deepak Chandra, Deputy Dean, ISB, said “We are delighted to announce the commencement of our first executive education programme in Pakistan in association with IBA. As Asia rises into global economic prominence, it is critical that countries in the region and the business leaders seize the opportunity. We are confident that the ISB’s strong international linkages and understanding of emerging economies will help in grooming high-performing business leaders and policy makers from Pakistan and equip them with global best practices that will enable them to lead the country in its next phase of growth.”

Commenting on the programme, Dr Ishrat Husain, Dean & Director, IBA said “Pakistan can benefit immensely from its proximity to India which has established world class institutions of higher learning. The collaboration with the Indian School of Business ISB- a magnet for attracting top faculty from advanced countries – will expose the Pakistani corporate managers to leading scholars and practitioners from the world and help in acquiring new knowledge and tools. Hopefully, this exposure will equip them to play a critical leadership role in the future. We look forward to many such joint ventures in the coming years.”

According to a programme participant Mr Mir S. Talpur, General Manager Operations, Pakistan State Oil, “I am excited about being part of such a prestigious and first-of-its-kind program in Pakistan. With the increased economic growth and opportunities, business leaders like us are required to return to the classrooms and continually re-learn, refresh and re-asses various aspects of leadership and strategy. I hope to apply my learning to the workplace and impact my organization’s growth. I hope other Pakistani organizations and corporations should get benefit out of this kind of programme.”

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FMS Delhi installs Bloomberg Terminal to set up Finance Lab

With the installation of the much awaited Bloomberg terminal at the Faculty of Management Studies, Delhi, a firm foundation of the Financial Lab has been established at the Institute. With this, FMS joins the very exclusive club of Top B-schools in India which are equipped with a Finance Lab.

This lab equips the students with a wealth of authentic industry and economic data from across the world which can be used for purposes ranging from the course-mandated Final year Dissertations to Sectorial research for Competitions and Placement preparations. With the study of the financial derivatives already being an integral part of the course for student specializing in Finance, this lab can indeed increase the quality and scope of the student projects exponentially along with adding immense value to the research carried out by the Faculty members.

Also, it makes the students industry-ready as they already get a hands-on experience of carrying out in-depth analysis of volumes of real-time data along with handing the complex terminals which they otherwise would have to learn while being in the corporate – Thus giving them a clear edge over the competition by making them industry-ready.

The lab is expected to see further expansion with more facilities and terminals by the end of this year.

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