IIMK News March 2013 1 Globalizing Indian Thought The Newsletter of Indian Institute of Management Kozhikode, Kerala, India March 2013 | Vol. 7(1) IIMK celebrated 15th Annual Convocation with Dr. M M Pallam Raju, Hon’ble Minister of HRD, Govt. of India as the Chief Guest and Lord Meghnad Desai, Professor-Emeritus, London School of Economics as the Guest of Honour. P5 Indian Institute of Management Kozhikode organized the IIMK HR Summit 2013, on 8 th of February centred on the theme “High-tech people, High-touch HR: Are we missing the humane touch?” P8
Transcript
IIMK News March 2013 1
G l o b a l i z i n g I n d i a n T h o u g h tThe News le t te r o f Ind ian Ins t i tu te o f Management Kozh ikode , Kera la , Ind ia
March 2013 | Vol. 7(1)
IIMK celebrated 15th Annual Convocation with Dr. M M Pallam Raju, Hon’ble Ministerof HRD, Govt. of India as the Chief Guest and Lord Meghnad Desai,Professor-Emeritus, London School of Economics as the Guest of Honour. P5
Indian Institute of Management Kozhikode organizedthe IIMK HR Summit 2013, on 8th of February centredon the theme “High-tech people, High-touch HR: Arewe missing the humane touch?” P8
IIMK News March 20132
Republic Day is celebrated every year to commemoratethe date and moment when the Constitution of India cameinto effect. IIMK too celebrated the 64th Republic DayCelebrations on 26th January 2013. Members of thefaculty, staff and students attended the function. TheDirector - Prof. Debashis Chatterjee hoisted the flag, whichwas followed by addresses by Prof. Rahul Kumar Sett, Prof.Anupam Das, Prof. Abhilash Nair, Col. (Retd.) JuliusGeorge - the Chief Administrative Officer (CAO) and Col.(Retd.) Cedric Thomas - the Senior Administrative Officer(SAO). A member of the student council - Mr. UtkarshRastogi too addressed the gathering. Patriotic songs werealso played by the student members.
Republic Day Celebrations
The Social Service Group (SSG) organized a socialconclave on the theme, ‘Building Partnerships forImproved Waste Management’. The panel discussion hadrepresentatives from the State government, corporatesector, and NGOs discussing possible collaborative
Social Conclave on Waste Management
Pulse Polio Immunization Campaign was carried out on January 20, 2013 and February 24, 2013 for children in the agegroup of 0-5 years as part of the Health and Family Welfare Ministry campaign against polio at IIMK.
Pulse Polio Immunization Campaign
measures to improve waste management. The panelistssaid that 90 per cent of waste could be recycled. Theyspoke about the constraints faced by the State, and referredto the developments and initiatives in cities such asChennai and Bangalore.
Thought Power - 1Human history is replete with umpteen real-time examples of conscious / unconscious manipulationof others’ thoughts for their better / worse performance. The benevolent (or malevolent) impact of theHawthorne Effect (better performance of employees because of managerial attention positivelyinfluencing their motivational thoughts) in organizations; the Pygmalion Effect (better / worseperformance of students because of the encouraging / discouraging behavior of their teachers positively/ negatively influencing the students’ thoughts) particularly during schooling; and sledging as a mind-game in proactively dampening the spirits of the rival players in cricket – all these point to tinkeringwith others’ emotional thoughts towards their better / worse performance. When such is the impact ofmanipulation of others’ thoughts on their performance, one can easily imagine the impact of doing sowith one’s own thoughts for one’s own excellence.Right from the simple Placebo Effect (and spontaneous remission in medicine) through advancedQuantum Healing (Deepak Chopra) and Thought-Massaging (Rhonda Byrne) to Thought Culture &Transcendence (Swami Sivananda), the substantial influence of thoughts on our well-being, successand manifestation of many a desire of ours can be seen and felt, with due observation andexperimentation over time. Indeed, building castles in the air is an indispensable precedent to buildingcastles on the ground, no matter how paradoxical it might look on the surface. We can see this in theform of virtual simulation of hundreds and thousands of prototypes much before stereolithographyand actual production / manufacturing and this is quite common in these modern times. Creativevisualization (e.g., Shakti Gawain, shamans and hypnotists) and its benefits are gradually noticed bythe world. World-class Physicist-Philosophers like Prof. Fritof Capra successfully bring out the thinline of distinction between physics and metaphysics by dint of their apt, apposite and appropriatescholarly discourses. Some saints explain as to how breath-mastery and death-mastery are intertwined,while some others bring out the causal linkages between thought-mastery and life-mastery. All thesedo not discount the indispensable action(s) that should follow the respective thoughts. While actionsare indispensable for success in any endeavour, aligned thoughts do act as catalytic triggers that buttressand bolster our inner convictions and provide intense momentum to our actions with due support fromlike-minded souls. Rhonda Byrne takes this argument further and says that thoughts are magnetic andhave a frequency and that our bodies are human electromagnetic towers transmitting thoughts therebyattracting the like-minded frequencies coming together for a common cause. Linda Goodman dwellsat length on programming and deprogramming of our minds towards age reversals and physicalimmortality as well. Swami Sivananda talks in terms of our brains as antennae in the seemingly occultdomains of telepathy, intuition, clairvoyance, clairaudience and other allied ostensibly esoteric arenas.We often judge some of our own (or others’) ideas as infeasible or day-dreams or pipe-dreams withoutsecond thought, often in the name of practicality. A former CEO of an MNC once said that individualswould not need computers and this drop error costed the firm a lifetime opportunity. What might lookimpossible or improbable today may one day become a reality. The extended list of novel uses of awashing machine to lassi-making, vegetable-washing, potato-peeling and other such smart jugaadsclearly point out the immense latent potential of virtually every resource. The blue ocean strategy ofCallaway Golf (through its Big Bertha) in enticing and embracing amateur golf-players who had beennonconsumers for want of decent hit-rates is a case in the point. There is no limit to human imaginationwhile some myopic, traditional experts brush many such seemingly crazy yet immensely creativeideas as impractical / impossible. ‘Where there is a will, there is a way’ might be an old saying; but itstruth remains intact even today. Indeed, imagination is more important than knowledge (Einstein) andmany a time offbeat approaches result in upbeat results, whether it is science or business or any otherhuman endeavor. Thousands of grassroots innovations such as the amphibious bicycle and the mobile-operated switch by illiterate / semi-literate villagers speak volumes for this cordial will power takingprecedence over the so-called brainy / intellectual merit. No wonder, there is a quote which says“Impossible is the first word found in the dictionary of fools”. Indeed, often the self-imposed cognitivelimitations restrict our real-time achievements. Expansive thought horizons, uninhibited urge to achievemissions to mitigate human suffering, or unrelenting determination to arrive at a solution for a turbulentproblem or unflinching resolve to alleviate and ameliorate the lives of the destitute and the deprived orunswerving dedication to undertake some value-creating activity for greater good can galvanize andunleash the immense latent energy towards achieving the mission of any human heart…
Dr. S. Balasubrahmanyam
Republic Day Celebrations 2Social Conclave on Waste Management 2Pulse Polio Immunization Campaign 2Swiss Consul General for South India visits IIMK Satellite Campus, Kochi 415th Convocation at IIMK 5Indian Business Heritage Lecture Series 6Inauguration of National Museum of Indian Business History 7IIMK HR Summit 2013 8Panel Discussion at IIMK 9US - India Educational Foundation (USIEF) visits IIMK Satellite Campus, Kochi 10Faculty Development Programme on Blue Ocean Strategy 11
The ‘Rural Man’ Visits IIMK 12ECHOES at IIMK 12NOSTALGIA 2013 13Interview With Dr. Paritosh Basu, Group Controller,Essar Group 14SSG NGO Workshop 17Blanket distribution for homeless in Delhi 17Calicut Mini - Marathon - 2013 18IIMK Book Donation Scheme 18Faculty Publication 19Eighth Annual Welfare Day - February 09, 2013 20
IIMK News March 20134
The Swiss Consulate General for South India, Mr. RolfFrei, visited the Indian Institute of Management Kozhikode(IIMK) Satellite Campus at Infopark, Kochi, on March 04,2013. His two days trip to the city is a part of his maidenvisit to Kochi. He was welcomed and facilitated on a tourof campus by a team of IIMK faculty members and staffcomprising of Prof. C. Raju (Chairman EPGP),Prof. Abhilash Nair (Department of Finance), Col. CedricThomas (Academic Administration) and Mr. Bhupesh(Business Development &Campus Officer).
A presentation was made by Prof. Raju highlighting theIIM system with specific focus on IIM Kozhikode. Thepresentation highlighted that IIMK was the first IIM tocollaborate with Yale University to develop a Centre forleadership in Academic Excellence as part of the Obama-Singh Initiative. IIMK is also the first IIM to give credenceto gender diversity and champion the role of women incorporate India. The presentation also brought to lightIIMK’s pioneering effort to create a Museum showcasingIndian Business History. The different programs beingoffered in the Kochi Satellite campus were discussed. Thecampus would soon be launching an Executive PostGraduate Program in Management - Part Time (EPGP PT)in April, 2013. This would be followed by a one year fulltime, residential advanced post graduate program inManagement for participants with substantial experience(PGPX). Simultaneously, short duration managementdevelopment programs (MDPs) would also be offered.
The presentation was followed by a freewheelingdiscussion during which Mr. Frei focused on the variousfacets of Switzerland including its education system andcommerce. He spoke on the vocational skill development
program offered by the institutions in Switzerland as apublic private partnership initiative. He highlighted someinteresting details such as about 65 percent of the youngpeople go through the vocational training program to buildup their skills. He also spoke on the education system andeducational support system that provided thrust garneringthe fame by acting as a centre for technological leadershipand innovation. Prof. Raju mentioned about the ‘LeadingSchools’ leadership programmes facilitated byProf. Debashis Chatterjee where in principals and teachersof schools are trained for transformation of schooleducation which was appreciated by Mr. Frei and he saidit is one of the areas of his interest too.
During the discussion, Mr. Frei gave valuable insights onthe export industry of Switzerland. “The main export inSwitzerland now is coffee in the form of coffee capsules.We import coffee from all over the world including Indiaand process it to a capsule”, said Mr. Rolf Frei. Speakingabout the IT parks in Kerala, he added, “Infopark is a greatopportunity for the Swiss companies to invest in Kerala”.
Finally, the meeting concluded with discussions on thefollowing possible areas of collaboration:
(i) Student exchange programs for students of the FellowProgram, the full time PGP program, the EPGP programand the final idea incubation module of the PGPX program.
(ii) Faculty exchange between different institutions inSwitzerland and IIMK
(iii) Possible co branded short and long duration programs.Mr. Frei, also, highlighted a possible collaboration to trainteachers on select aspects of academic leadership.
Swiss Consul General for South India visits IIMK Satellite Campus, Kochi
Mr Reji K Thomas, Mr K Kurian, Prof C Raju, Mr Rolf Frei, Prof Abhilash S Nair
IIMK News March 2013 5
IIMK celebrated 15th Annual Convocation withDr. M M Pallam Raju, Hon’ble Minister of HRD, Govt. ofIndia as the Chief Guest and Lord Meghnad Desai,Professor-Emeritus, London School of Economics as theGuest of Honour.
After two years of gruelling schedules and academic rigour,the PGP class of 2013 saw 327 participants being awardedthe Post Graduate Diploma in Management by thisprestigious institute. The event was held in the augustpresence of the Hon’ble Minister of Human ResourceDevelopment, Dr. M M Pallam Raju, who spoke ofconsolidating the seven new IIMs in the 12th Five-Year Plan.He further stated that this would lead to better learningoutcomes in higher education. He also emphasized greaterneed to accelerate the linkage between industry andeducation and hoped for better innovation from leadinginstitutes like IIMK.
In addition, 2 students from the first batch of the FellowProgramme in Management (FPM) and 234 students fromthe third batch of the Executive Post Graduate Programme(EPGP) were also awarded the fellow titles and diplomasrespectively.
Dr. Pallam Raju, Hon’ble Minister of HRD, Governmentof India in his address spoke of a transition from the worldof ideas to a world of action. He encouraged the graduatingclass of 2013 to “choose risk, dare to fall greatly becauseonly in that way you can ever achieve greatness.” He alsonoted the myriad of challenges facing the country and calledupon the graduating students to utilize the values imbibedin them during their stay at the institute in solving theseproblems. Speaking of the challenges facing his ministry,he mentioned the focus on 3E’s- Expansion, Equity andExcellence. Further, he noted the increased emphasis onquality in all aspects of education in the 12th Five-YearPlan. He concluded with optimism that the students willkeep the patriotic spirit at the forefront while taking upvarious roles in their professional lives and contribute tothe welfare of the society at large.
During the convocation, Lord Meghnad Desai, Professor-Emeritus, London School of Economics, emphasized theever-increasing opportunities for graduating students in thewake of an irreversible economic shift towards countrieslike India. “When you will retire, India will surely be amongthe top 3 countries in the world because of the hard work
15th Convocation at IIMK
IIMK News March 20136
done by your generation. Today’s generation is the globalgeneration and children of the new 21st century India”, hesaid calling upon the graduating students to seize theopportunity at hand with zeal and vigour.
Dr. A.C. Muthiah, Chairman, Board of Governors, IIMK,delivered the convocation address where he advocatedthe philosophy of learning through unlearning andrelearning. “IIMs are a national pride where structuralinfrastructure is not difficult to build, but building anintellectual structure is more of a challenge”, he furtheradded.
Prof. Debashis Chatterjee, Director of IIMK, urged thegraduating students to take the roads less travelled in orderto succeed in life. Emphasizing the importance of courageand independent thinking, he stated the need for being non-uniform and beating a different drum. “This is your moment.Seize it with all your might. You walked the steps Arjuna
once walked. You are the warriors of life”, was his messageto the graduating class of 2013.
The convocation was preceded by the inauguration of theIndian Business Museum by Dr. Pallam Raju, Hon’bleMinister of HRD, Govt of India. This world class museumintends to inspire aspiring entrepreneurs and show them thepath to success through innovative ideas, perseverance anddiligence. This endeavour is to consolidate and conservethe rare treasure of India’s valuable wealth – India’s businesshistory for posterity.
The Chief Guest presented the IIMK Gold Medal forscholastic performance to Mr. Debi Prasanna Pati (First),Mr. Priyank Sharma (Second) and Ms. Sakshi Kohli (third).The Indian Institute of Management Kozhikode Gold Medalfor Best All Round Performance was jointly awarded toMs. Divya Sreenivas and Mr. Namith Najeeb. The IIMKGold Medal for scholastic performance was awarded toMr. Amit Ashok Nayak of EPGP batch.
The second lecture of the Indian Business HeritageLecture Series was delivered by Prof. RamanMahadevan on March 11, 2013 at the Indian Instituteof Management, Kozhikode. Prof. Mahadevan is asenior economic and business historian who has beenassociated with teaching and research at IIMB, Centre
Indian Business Heritage Lecture Series
IIMK News March 20136
for Development Studies, Trivandrum, Jamia MilliaIslamia, Delhi, among other institutions. His lecturewas titled “An Overview of Entrepreneurship in Pre-Independent South India: A Case Study of theNattukottai Chetty’s.”
IIMK News March 2013 7
Opening a window to the rich history of Indian trade andcommerce over the past several centuries, the IndianInstitute of Management, Kozhikode (IIMK) opened anational museum, the first of its kind in the country. Themuseum, with an area of 23,000 sq.ft, was opened toacknowledge the role played by India’s eminent businessleaders and corporate players in the making of the country.Over a dozen of top-level corporate including Tata,Reliance, Reserve bank of India and FACT have set uptheir exclusive pavilions in the museum. The pavilions runfrom ancient to medieval, later on to post Independence,business sector, technology sector, individual contributorsand makers of modern India. It would also strive toinculcate in the youth a spirit of innovation and businessentrepreneurship. “In an intellectual space, this is the first-of-its-kind in the country. Considering the benchmarkachievements of our corporate world and the immenselyrich tradition and history of our country, it is indeedimportant to preserve the memorabilia for posterity.Realising the museum was like conquering the Everest and
Inauguration of National Museum ofIndian Business History
finally we did it,” said the Director, Debashis Chatterjee.He added that the institute would introduce ‘Evolution ofIndian Business’ as a new specialization subject in thepostgraduate management courses from next year.
IIMK News March 20138
Indian Institute of Management Kozhikode organized theIIMK HR Summit 2013, on 8th of February centred on thetheme “High-tech people, High-touch HR: Are wemissing the humane touch?” Under the leadership ofProf. Debashsis Chatterjee, who was the convenor of theconference, Prof. Manoranjan Dhal and Prof. SuryaPrakash Pati steered the conference for three consecutivedays.
The motivation for the conference was the realization thatin the race with strategy for organizational sustenance andsurvival, the rationale behind the existence and design ofHR practices has got shifted to the backyard oforganizational memory. It was overlooked that employees,and not organizations are the primary reasons towardsorigin and existence of HR practices. No HR practice, andconsequently no organization, can remain competitive ifit stands in opposition to the employees’ interest. And,although least appreciated and much less understood, theemployees’ interest lies primarily in the intangible, ratherthan the tangible, aspects of work. Work is more thansimply a mode to earn a living; it is where employees findpersonal “meaning, stability, and a sense of communityand identity”1. Satisfaction with one’s work life has beenfound to be associated with ones’ overall life satisfaction2.Thus the fundamental purpose of the HR practices is notstrategic alignment of employees’ goals with organizationalgoals, but to ensure that every employee at everyhierarchical level has an exalted working experience. This‘softer intent’ behind the ‘hard policies’ if recognized andpromoted in the organization, shall ensure the constructionof a strong organizational work culture. Nevertheless, theregistration of 108 industrial disputes (a 12% rise since2011), with a loss of 960,089 man-days (as of 30th July,
IIMK HR Summit 20132012)3, adequately represents the negligibleimportance received by the ‘soft intent’ ofHR practices in the industry. The bloodshedat Maruti’sManesar plant in late July 2012significantly drives home the message thatnumbers do not drive businesses, peopledo. Thus the summit aspired to be aninterface where eminent academicians andpractitioners across the nation shall debate,discuss and design a cure for the‘numerical’ and ‘strategic’ maladies that arehaunting the industrial society.
The summit witnessed the converging of anumber of minds, the likes of which includeMr. Sathish Pradhan (Group HR Head,
TATA Sons. Ltd.), Mr. Radhakrishnan Nair, CHRO, FederalBank; Mr. Thomas Verghese Simon, Vice President -HR,Global Talent Engagement, Tata Consultancy Services; Mr.Rajesh Nair, Vice President Markets, Ernst & Young Pvt.Ltd.; Mr. Ramaswamy Kavalapara, Head HR forXcganging in APAC; Dr. Prashant Nair, Head HR, Cipla;Mr. Sandip Dash, AGM, SAIL; Prof. Vishal Gupta, IIMCalcutta; Mr. Soum Chakraborty, VP- HR & A, RENAULTIndia Pvt. Ltd.; Mr. Rajiv Noronha AVP & Head-Organizational Effectiveness (BPO Services), TCS; andMs. Kalpana Sinha, Co founder and CEO, COSMODEConsultant. A panel discussion between Shri K. K. Nair-National Treasurer, INTUC and Mr. Vishwanath Lele,Professor of Human Resource Management, NICMAR (&Ex- Head of HR– Shapoorji and Palloonji Co. Ltd.) wasone of the main highlights of the event.
An edited book comprising of research papers authoredby eminent academicians of India was released byMr. Sathish Pradhan on the first day of the summit.Conceptualizing that the current maladies of theorganization requires a three pronged HR strategy, the bookexpounds that the solutions can be found at the level of
IIMK News March 2013 9
HR policies, Employee Voice and Spirituality at Workplace.The book argues, through a meticulous selection of papers,that negation of the practice of spirituality at workplace,and the superficial level at which employee voice isallowed in the organizational decision making is the routecause behind wrongful interpretation and implementationof policies, thereby leading to unexpected and disastrousconsequences.
The central message of the conference was beautifullyechoed by a question that was raised to the audience by
A panel discussion on the theme,‘How the best of India will reach outto the rest of India?’ was conductedat IIM Kozhikode on March 24,which attempted to raise suggestionson how to make education accessibleto all. The panelists comprised M MPallam Raju, Union HRD Minister,Lord Meghnad Desai, ProfessorEmeritus, London School ofEconomics, Prof. DebashisChatterjee, Director, IIMK. Mr.Govindraj Ethiraj, formerly FounderEditor-in-Chief, Bloomberg UTV,was the moderator of the discussion.
Clearly not a fan of self sufficientlot of course corrections have to be done. We need to makevernacular languages much more than mere subjects,” hesaid. He explained with statistics, that our priorities lie inincreasing the Gross Enrolment Ratio from 18.8 per centto 30 by 2020 and increasing the number of teachers to 20lakh, which at present stands at 12.5.
Prof. Chatterjee’s final words were measured in comparisonto his colleagues on the panel, but nevertheless packed apunch. Beginning on the need for IIMs to go the universityway, the director opined that higher education institutesare not led by markets but by intellectual capital. Headmitted that there are certain restrictions on institutes totake forward their ideas and put the onus on the governmentto make things happen. Along with Prof. Desai, Prof.Chatterjee rooted for vocational education to give themuch-needed fillip to higher education in India.
Questions from the audience led to deliberation on issuessuch as teachers pay, parents forcing children to live theirdreams, decline of Humanities etc.
Panel Discussion at IIMK
Hon'ble Minister Dr. Pallam Raju during Panel Discussion. Prof. Chatterjee Director IIMK and LordDesai, London School of Economics were distinguished panellists
Mr. Radhakrishnan Nair. He asked, “Are we cleansingourselves before we clean the world?”. The audience andspecifically the students were left to examine themselveswith this question before they step out into the corporatemadhouse.
1 Cartwright, S. and Holmes, N. (2006). The meaning of work: the challenge ofregaining employee engagement and reducing cynicism. Human ResourceManagement Review, Vol. 16, pp. 199 – 2082Judge, T. A. and Watanabe, S. (1993). Another look at the job satisfaction – lifesatisfaction relationship, Journal of Applied Psychology, Vol. 78, pp. 939 – 9483Surabhi (2012). Industrial unrest may get worse: Labour department. The IndianExpress (30th, July).
learning, Desai began by voicing his thoughts on howborrowing from other countries isn’t a dent on ourprogress. He said, “The English we speak today isborrowed from the British. Of course, not everythingmight be relevant to our system; take the good, ignore therest.” He urged India to not focus just on higher educationbut on further education like in the UK and suggested wecreate other pockets of excellence besides the IITs andIIMs and groom youngsters in other fields as well. Hevalidated his point by adding, “Create vocationally sounddegrees that can sneak in higher education. In the West,some of the highest earners don’t necessarily holddegrees.”
The Minister was the next to voice his opinion. Everyonein the audience comprising academicians, corporate andstudents yearned to listen to his thoughts. While Shri Rajuseemed happy with parents wanting the best educationfor their wards, he said it pained him that one’s mothertongue, which reflects highly on our rich heritage, isincreasingly being meted out step-motherly treatment. “A
IIMK News March 201310
India Institute of Management (IIMK) hosted 12 USUniversity administrators brought by US- IndiaEducational Foundation (USIEF) at their Satellite Campusin Kochi on March 19, 2013. US Universities aspire tostrengthen relationship with Indian Institutes to expandeducational ties with India.
The dignitaries were addressed by IIMK faculty members,Prof. Raju and Prof. Shubhasis Dey, about the IndianHigher Education System and opportunities for US-IndiaHigher Education Co-operation in a meeting held at HotelTaj Malabar, Kochi on March 18, 2013. Speaking on theoccasion, Prof. Raju, briefed the dignitaries on theInstitute’s establishment and presented the different arenasof collaborations such as student exchange programmesin associated subjects of IIMK, research collaboration,teacher exchange programmes etc. He also spoke aboutissues and solutions present in such internationalizationof higher education. Prof. Shubhasis Dey, emphasized howIndia & US can benefit from each other in various domains.He also presented how Kerala is not plagued by concernsof security, infrastructure, and accessibility. Foreignstudents can also earn credits by associating with IIMK’sinvolvement in social projects during the exchangeprogrammes. Shri Sreenivasan, Former Ambassador,permanent representative of India in UN and current ViceChairman of Higher Education Council, State of Keralaaddressed some questions on internationalization of highereducation before elaborating on the state of highereducation in India and Kerala.
Prof. Raju guided the dignitaries through the IIMKSatellite campus property. The dignitaries lauded the state-of-the-art facilities of the Satellite campus and enquiredabout admissions of international students in the executiveprogrammes.
The convoy of these 12 US Universities mainly included
US – India Educational Foundation (USIEF)visits IIMK Satellite Campus, Kochi
decision makers in their Institutes, who visited Delhi,Mumbai and Kochi as part of their India tour from March9 to 24, 2013 The team envisions learning about policies,planning and administration of higher education in Indiaby visiting various Central Universities, affiliated collegesand non-Governmental organizations in order to interactwith higher education administrators, teachers, studentsand policy planners.
Prof. Debashis Chatterjee, Director, IIMK, said, “Asthe country is working towards liberalizing theIndian education system, IIMK aims to work as acatalyst for creating serious academic collaborationswith Institutions of international repute. This willhelp in our endeavour to Globalize Indian thoughtleadership.”
The possible collaborations include exchange programmesfor American students in India, faculty, framing anddelivery of curricula by a consortium of Universities etc.For example, one such outstanding exchange opportunitiesoffered to Indian citizens by USIEF is ‘The Fulbright –Nehru International Education Administrators program’which aims to provide US Higher Education Administratorsfirst-hand knowledge of the higher education sector in Indiato enable informed decisions with regard to potentialacademic and institutional collaborations in India.
IIMK Family Welcomes...
Staff
Kavitha K PJunior Assistant
Binoy PJunior Manager- EPGP
Sanal Kumar GAccounts Officer
IIMK News March 2013 11
Prof. Saji Gopinath made the coursemulti-dimensional in nature coveringthe strategic, organizational, andhuman resource management issues,familiarizing participants with subtlenuances of blue ocean strategyformulation and implementation. Thecourse brought about the frameworksof Blue Ocean in detail to equipparticipants to apply the same in avariety of contexts. This programmehas brought many laurels andaccolades to IIMK from all over.Training programmes of this kind
often take birth at IIMK, thanks to theunrelenting efforts, unwaveringinspiration, unflinching support andunswerving encouragement of thedirector of IIMK Prof. DebashisChatterjee, who is well-known forgalvanizing, practicing andadvocating offbeat approaches forupbeat results both in academics andindustry circles.
Prof. Saji Gopinath of IIM Kozhikodeconducted a unique MTP(Management Teachers’ Programme)on a contemporary and futuristicbusiness topic BLUE OCEANSTRATEGY during 11th–16th February,2013 at IIMK. The programme wasaimed at grooming next generationfaculty in the area of strategicmanagement from various renownedbusiness schools spread across thecountry. Several faculty members fromdiverse Business Schools from everynook and corner of the countryparticipated in thisprogramme. This MTPwas facilitated byStrategic ManagementForum (SMF) inassociation with IndianInstitute of ManagementKozhikode (IIMK).
Prof. Saji Gopinath, withhis team of expertssteered this hands-ontraining programme witha world-class simulationsoftware BOSS (BlueOcean StrategySimulation) of the globalStratX Group. It wasperhaps for the first timein the country that sucha state-of-the-art tutelageon blue ocean strategywas meticulouslyadopted and tested in the class withdue simplification andexemplification, justification anddemystification of an otherwiseelusive strategic topic of the times.With the rigorous training imparted,each of the participants couldeventually come up with one’s ownblue ocean initiative that madebusiness sense.
Faculty Development Programme onBlue Ocean Strategy
Blue Ocean Strategy has been anemerging topic of strategy across theglobe that transcends traditionalindustry boundaries, conventionalcompetitive approaches, clichédmarket positioning perspectives andother stereotyped business paradigmsthat often limit a firm’s markethorizons. The course on Blue OceanStrategy is designed to have an in-depth understanding of the principlesof formulating and executing BlueOcean Strategy through reconstructingthe market boundaries, reachingbeyond conventional demand/
consumers so as to develop the rightstrategic sequence needed toimplement the same. As against theconventional value-cost tradeoff thisnew approach of Blue Oceansadvocates the new approach of valueinnovation by smartly applyingprinciples of value engineering,systems management and designthinking.
IIMK News March 201312
IIM Kozhikode witnessedits tryst with destinywhen it played host toDr. P. Sainath, the ruralaffairs reporter of TheHindu on 8th Feb. 2013. Ina discussion attended bythe students and faculty ofthe Institute, the eruditespeaker brought rural India
right into the classroom, and in his inexplicable way theMagsaysay awardee charmed the hearts of the audience towork for rural development.
Drawing from his rich experience, he illuminated the eagercrowd by inviting questions and answering the same usinghis numerous experiences and factual observations. Heelaborated the vast diversity of India by revealing thenumber of languages spoken (which is 400+ incidentally)across the country. He emphasized that this is a proof ofthe varied cultural forces which are much deeply embeddedin the nation. According to him the Indian constitutionneeds to recognize these languages in order to lessen themutual detachment that the rural and the urban classes ofIndia have seemed to gather over the centuries.
Citing many examples, he recollected with nostalgia hiscoinage of the phrase ‘Resident Non-Indian, which denotesan Indian who never becomes a national citizen owing tomyriad factors. He said that Urban India is blindly apingthe west. He illustrated the same by citing that while poorer
The ‘Rural Man’ Visits IIMKneighbourhoods of the developed countries depend onMcDonalds, in India it is seen as a status symbol toconsume its product!
He also distinguished between news and paid news and inhis inimitable style observed that off late it has become acontest between Mass Media versus Mass Reality. He spokeat length while responding questions on the national waterpolicy and water sharing issues. He emphasized thatmajority of states in India are engaged in water politicswith the government off late trying to ‘Nationalize rivers’and ‘Privatize water’. Finally he was sadly amazed thateven after 65 years of Independence and centuries ofnewspaper publishing we still lack a full time agriculturalcorrespondent in any fourth estate.
Dr. Sainath signed off his lecture by stating that India needsto respect the artisan, the farmer and a multitude of othercraftsmen. He placed before the audience his ambitiousventure, touted as the Rural Wikipedia, ‘People Archivesof a Rural India’, the philosophy of which he elaboratedthat as more information about a segregated tribe, adowntrodden society and traditional arts come to light, themore would be the respect for rural India and hence anend to the rampant predatory commercialization practicedby many corporate houses.
Dr. Sainath’s presence gave a chance for the students toreflect on the different aspects in society their managerialknowledge can be put to use, nay a better use. IIMKremains deeply indebted to him.
ECHOES at IIMKThe cultural fest of IIM Kozhikode wascelebrated in the month of January from25th-27th. The event included a widevariety of events like Music, Dance,Theatre, Quizzes and Literary Eventsspread over a period of three days. Thetheme of the event was indomitablespirit of humankind that wasexemplified through cultural, artisticand innovative capabilities of theparticipants. The event was also markedwith the special performances byAnushka Manchanda, Suraj Jagan andJunkyard Groove.
IIMK News March 201312
IIMK News March 2013 13
NOSTALGIA 2013
The annual alumni meet, Nostalgia -an evocative event that markshomecoming, celebration andunparalleled joy of communion withthe Alma Mater was organized at the‘IIM Kozhikode campus on 26th and27th January 2013. The two dayprogram was inaugurated by Prof.DebasishChatterjee, Director of IIMKozhikode.
Nostalgia marked a new beginning ofReunion from this year held for alumniof PGP 05, Batch of 2003. Alumniholding positions of repute inmultinational companies andentrepreneurial ventures visited backthe Kampus after ten years of theirpassing out. The reunion saw a bunchof enthusiastic PGP03ers. Being oneof the first few batches to initiate theconept of committees and club,it was
infact the first time they visited thecampus as the campus was not readyat the time of their study ( classes wereheld in the NIT CalicutCampus). They wereamazed by the truebeauty of the campus,the number ofactivities and the waythings have evolved.
Faculty members ofIIM Kozhikodeaddressed thegathering byexpressing their hopethat our alumni wouldbring bigger laurels tothe institute. Prof. DebasishChatterjeeenlightened the audience with hiswords and emphasized on role of ateacher in a student’s life. He then
presented a token of memento to allalumni. Prof RashakrishnaPillai, thePGP chair and the other seniorprofessors also shared theirexperiences and asked the students tothink big in current scenario and nothave a laid back approach by waitingfor incremental change. Mr. SurajPrasad, alumnus of the PGP 05 batchaddressed the gathering afterlaunching his book. He also narratedhis own story and how he revived andwent on to write the novel which trulypromised to be one of the bestsellers.Prof. Joshy Joseph - Chairperson(Alumni Activities) advocated a voteof thanks towards the alumni gatheredat the occasion.
The formal programs were followed bythe first-time ever ‘Batch wars’, a
series of fun events and surprisequizzes for the alumni.
On Sunday, 27th of January, the alumnitook up the mantle of being mentorsto the students and help them chooseelective courses and decide theirspecializations. They also narratedtheir stories from IIMK and beyond.The Career Counseling Session washighly appreciated by the students asthey got first-hand information aboutthe current industry expectations andtips on how to position themselvesbetter for the placements and a fruitfulcareer ahead.
IIMK News March 201314
Interview With Dr. Paritosh Basu,Group Controller, ESSAR Group
The views and opinion expressed byDr. Paritosh Basu, Controller, EssarGroup are his personal views and donot represent the views of his employerin any manner what so ever.
What Budget 2013 has for IndiaIncorporated?
As far as expectations from the Budget2013 are concerned, it will bring insome of the provisions of Direct TaxCode which could not be introducedearlier. Shome Committee has alreadysubmitted its recommendations inwhich some of the critical issues ofGAAR have been addressed. Severalrecommendations of the Committeehave been accepted by the FinanceMinistry. A few more of them are likelyto find place in the next finance bill.
The GoI is also working on TaxAccounting Standards (TAS). Theunderlying objective of TAS ispredominantly to prepone governmentrevenue, which could have beenpostponed by making severalprovisions in accounts as permitted bythe Accounting Standards covered inSection 211 (3C) of the CompaniesAct. So the audited financialstatements published for shareholdersunder the Companies Act will have tobe changed and profits will have to berecalculated. Secondly there might besome changes in Section 115 JB of theIncome Tax Act related to MAT wheresome provisions, emanating from TAS,may be introduced.
Another interesting point which theDeputy Chairman of the PlanningCommission has hinted is regardingthe rich paying more tax. Rates forpersonal income tax may be raised atcertain high end slabs. From corporateperspective, Dividend Distribution Tax
(‘DDT’) may be reduced and dividendmay be taxed in the hands of the earner.In that context a major impact willcome in mutual fund industry. AlsoSecurities Transaction Tax (‘STT’)may be changed because there is atrade-off between STT and DDT in thehands of the investor. Some provisionswith impetus for Research andDevelopment activities may beexpected. One can expect certainchanges under Section 80 series, forencouraging investments. The levelplaying ground between Indianinvestors and investors comingthrough Foreign Direct Investmentroute may be improved further.
On the macroeconomic front thebudget is expected to be growthoriented with cautions and specificfocus towards management of thefiscal deficit and integration of Indiawith Bharat.
The Companies Bill 2012 awaitsapproval from the Upper House andthe President. It is expected tochange India Inc.’s perception anddefinition of Corporate Governance.Will it help better to deal with thefraud?
Fraudsters are always thinking threesteps ahead of the Regulators andsoftware innovators. So one will notbe able to stop them. What one can dois to make fraudsters think, stretch andsweat more to inflict fraud. Howeverthe Bill surely will bring in certaindeterrents to proactively minimiseincidences of fraud. The list of “KeyManagerial Personnel” (KMP) hasbeen enlarged and now KMPs includeCFO, Company Secretary and certainexecutive officers who are not in theBoard. Under the new Law a KMP indefault will also include an ExternalAdvisor, who will advise on criticalmatters involving large monetary sumsand strategic management decisions.If it is proved that the person who isadvising the firm did not fulfil his /herduties in a professional manner, he/shewill also be personally liable. Personsin default will be punishable withimprisonment and/or fine.
CFOs will now onwards be asked tosign annual financial statements. TheAudit Committee will have to beconstituted with a majority ofindependent Directors. For certainprescribed companies there has to beat least one women Director in theBoard.
The present Companies Bill has about470 Sections and in about 75% of thecases it has been said that theGovernment will prescribe rules andprocedures. Hence, until and unlessRegulatory Provisions, as prescribedby the Government, are known onecannot gauge the exact format of thebill and how much strength it will havein its biting teeth to ensure world classgovernance. Two more path breakingprovisions have been included. Thefirst one is the Class Action Suit, which
IIMK News March 2013 15
will enable say, a prescribed numberof shareholders, who feel that a fraudhas been committed and for that theyhave lost the value of their investmentin the company, can sue the company.The other one is , in certain cases, acompany’s minority shareholders willbe allowed to appoint a Director in theBoard, which will help improveCorporate Governance and protectminority interest.
The recent Essar Zisco deal ran intotrouble due to political problems. Doyou think the political situation inZimbabwe is a stumbling block forinvestments in the country?
I shall not make any comment on thepresent position and prospects ofEssar’s Investment proposition in thatcountry. Let me tell you my ownthoughts. As I could see and come toknow during my stay there for aboutfive days and studies . In Zimbabwe,commercial agriculture is insignificantand subsistence agriculture exists.Mining and manufacturing activitiesare not being given the needfulboosters.
I have visited the steel plant which wasclosed for the last three years. I havespoken to the people in the vicinity.Their livelihood is dependent on theseplants coming back to production.Their question is how will thathappen? Suppose the mining activitiesare made operational, not only theplants will be fed but also the mineralscan be exported which can benefit thecountry men. They also need hugerailway and ports infrastructure totransport minerals to the nearest seaport and moving out. It is perhaps thegovernment and not industries that isresponsible for the situation there.
We read an article a few monthsback that Essar Group became thefirst Indian corporate to get the nodfor refinancing expensive rupeeloans with cheaper dollar credit.Could you please throw some lighton it?
Actually what happened was thatexternal commercial borrowings(ECB) which were earlier notpermitted for refinancing alreadyexisting internal rupee loans, was thenpermitted by the RBI. If you ask meabout the objective, predominantly itwas done to improve inflows offoreign currency to India. There aretwo routes, one is the automated routeand the other is the approval route. Inthe automated route, there are criteriaregarding certain investments incapital assets. Approvals aredependent on a certain percentage ofthe last three years’ revenue earningsin foreign currency and position of networth. In other words, there areprescribed calculation rules. If you fallinto that category, then the maximumECB that can be drawn is up to 75 %of average foreign exchange earningsof the last three years or 50 % of thehighest earnings in any of the last 3years, whichever is higher.
The IIMs are increasing their intakeevery year. From a recruiter’s pointof view do you think that it will havea negative effect on its placements?
IIM graduates are the crème de lacrème of the country by virtue of theircreative thinking, logical andanalytical skills and plethora ofknowledge and domain expertise. Socompanies will always need IIMgraduates in jobs with enriched andstrategic roles, requiring them to thinkdifferently out of the box, and applyingtheir creativity, knowledge andinformation to good use. So increasingintake would not have much effect onIIM placements in the long run. Therecan be temporary aberrations inbetween.
How will the Essar group beinfluenced by the installation ofDisaster Management systems bySanovi Technologies and how will ithelp the controlling functions of sucha huge conglomerate as Essar?
Essar is a USD 32 -35 bn group. Its ITsystems are very robust. We have the
best in class, state of the art ITsystems.Let me elaborate about an ITenabled system ideated and logicallyframed out by me and my core teammembers. An application on thissoftware has been hosted in thewebsite of the World IntellectualProperty Organisation, Switzerlandand it is presently in the process ofbeing patented. This system, popularlycalled as ‘Conversion Engine’, cantransform the entire financialstatements prepared in a country’slocal GAAP to IFRS and vice versa.This has been integrated with Oracle’sHyperion software for consolidation offinancial statements. The software forthe engine has been written in MS.Net.IT professionals from Deloitte’sconsulting arm wrote the programmein total collaboration with Essar basedon all required inputs provided tothem.
Essar has also pioneered anothercustomised configuration of ITenabled solution in SAP which has a13 modular treasury managementsystem. This internal initiative wastaken and successfully implementedwithout any technical advice fromexternal consultants. Right fromideation to testing, everything wasdone by a team of Essar professionalsled by me.
Let me speak about another innovativesolution that we have configured withinnovative ideation. We integrated animage management system with SAP’stransaction processing facilities in FI-CO. Using this solution billions ofdollars of transactions are processedwithout the use of paper in Essar’sShared Services Center. Such is thepower and influence of IT in Essar.Any transaction related document usedby the SSC is recallable, asLaserfiche’s image managementsolution, MOSS-DMS, and SAP arehighly integrated. For Example, whenan invoice is received in the Haziraplant its digital image is despatched tothe SSC in Mumbai through the highend IT system. This initiative was
IIMK News March 201316
highly commended by SAP andLaserfiche. SAP has published a writeup on this in their website which is awindow for the world. They haveawarded 20,000 points as reward forthis successful initiative.
Essar also has a very strict IT policycovering inter alia information securitysystem. For example, no documentsare authorised to be copied out fromanyone’s laptop without appropriateapproval.
Any words of wisdom that youwould like to share with the youngprofessionals?
Be a good human being before beinga professional. Have your dreams inyour heart and not in your eyes becausedreams in eyes would get washed awaywith drops of tears but dreams in theheart would remind you of yourmilestones with every single heartbeat.Approach each and every problemsituation with a positive attitude. Do
read a lot and do not confine yourselfonly to the course being pursued. Leadwith passion and empathy. As aprofessional you have to makeprophesies which will be the outputsof your knowledge, experientiallearning and wisdom. Try maintaininga balance between work and life aswell as good health. Keep yourchildhood habits on, nurture your softskills so that you remain evergreen inyour mind.
Dr. S. Subramanian has 15 years of teaching, research and consultancy experiencein the field of management. He teaches courses like Strategic Management,Corporate Governance, Business Ethics and Entrepreneurship courses to MBA,Executive MBA, MDP and Ph.D. students at IBS Hyderabad, IMT, NMIMS,BITS Pilani and University of Bedfordshire,UK.
He has published almost 30 research papers and articles in reputed journals (likeAsian Business Management and Decision), magazines and newspapers. He hasdone consultancy assignments in the field of Strategic Management, EnterpriseRisk Management and corporate governance. He has also helped start-up venturesand is actively involved in corporate training programs.
IIMK Family Welcomes New Faculty Members at IIMKAparajith Ramnath received a Ph.D. in the history of science, technology andmedicine from Imperial College London, where he was a Hans Rausing scholar,and a master’s degree in the same field from the University of Oxford, as aBharat Petroleum scholar. Earlier he completed his bachelor’s degree in electricaland electronics engineering at BITS Pilani, and worked briefly at a computernetworks company. While his doctoral research focused on the history ofengineers as a profession in twentieth-century India, he is also interested intechnical education policy, the history of industrialisation in India, and the historyof Indian business.Aparajith Ramnath
Asst. ProfessorHumanities & Liberal Arts in
Management
Pankaj Kumar Baag Asst. Professor
Finance, Accounting & Control Area
S SubramanianAsst. Professor
Strategic Management Area
Pankaj Kumar Baag has just submitted his thesis on "Analysis of Loan Covenants"using primary data for the first time ever in the Finance, Accounting and Controlarea at IIM Calcutta. He has over 14 years of experience in the CommercialBanking Sector in India and USA. Earlier, he completed CAIIB, MCom, MFMand PGD in Banking and was an NCERT scholar. His current research interestsinclude Commercial Banking Credit Risk, Economic Capital and Brand Valuationof Financial Institutions using risk parameters. He also has a few publications inJournals and Magazines, a chapter in a Book and has been awarded with the BestPaper Award in the second International conference held at BIMT in 2009.
IIMK News March 2013 17
IIM Kozhikode played host to a day-long managementworkshop for NGOs from Kerala. This workshop wasorganized by the Social Service Group(SSG) of IIMK onthe February 3, 2013 and was attended by top managementpersonnel from many NGOs across Kerala. It was designedto impart management knowledge to NGOs and help themachieve their goals in a more effective manner. Theworkshop consisted of five sessions, which were conductedby IIMK professors from different areas and a Retd. UNDPemployee, Mrs. Ramadevi, who has had a rich experiencein the social service sector.
The workshop started with an interaction between theNGOs and IIM K students, where the students tried to geta broad understanding of the problems faced by the NGOs.These concerns were passed on to the professors fromdifferent areas and were addressed in their respectivesessions.
This was followed by a session on project management byProf. Ram Kumar from the Quantitative Methods andOperations Management area. He lucidly explained, howdifferent project management techniques can be used byNGOs to plan and implement their projects more efficiently.Many of the NGOs participating in the workshop cited
SSG NGO Workshopissues in Human Resource management due to the complexnature of work that they were involved in. Prof T NKrishnan from Organizational Behavior and HumanResources area conducted a powerful one hour sessionwhere he focused on different HR problems likecompensation and motivation of employees.Prof.Mohammed Shahid Abdullah from InformationTechnology and Systems area, conducted the first post-lunch session about how low-cost IT solutions can beleveraged to improve NGO operations. His sessionconveyed the power of mobile technology and open sourceERP systems. This was followed by a session on strategicmanagement by Prof. Deepak Dayanithy. By taking threesmall practical cases, Prof. Deepak conveyed the differentaspects of strategy relevant to NGOs, including parametersof success, competition for resources and ‘Business andNGOs’.Mrs. O.T. Ramadevi, LLB in labor laws and a Retd. UNDPemployee, who has been in the social service field for manyyears, conducted the last session on ‘Change Managementand motivation’.The session was attended by top management personnel,including directors, project managers and coordinatorsfrom nine well-established NGOs like, WWF, A-Tree,Health care foundation, JDT Islam, JVALA, HabitatTechnology group, CRD, Association for welfare ofhandicapped.The feedback from the participants revealed that the day-long workshop was extremely useful to them in gaining abroad understanding of different areas of management. TheSocial Service Group is committed to organizing similarmanagement workshops for NGOs in the future.
Although winter is pleasant for city dwellers baking inthe heat of a concrete jungle, for the homeless in Delhiand NCR region it proved to be deadly in the 1st and 2nd
week of January 2013 when the temperature in Delhi hadreached its lowest in 44 years. Few homeless in the regionhad lost their lives and the ones who were breathing coldwere trying in their capacity to survive. The Part time batchat IMT Ghaziabad came forward to help the homeless inNCR region to fight the cold waves. They needed financialassistance to buy blankets, which was later personallydistributed to the homeless and needy.The Social Service Group (SSG) of IIM Kozhikode
Blanket distribution for homeless in Delhimanaged to raise Rs. 32540 from faculty, staff and studentsof the institute, in a span of 2 days. Although manystudents were not on campus at that time, they were ableto donate wholeheartedly because of the existing messaccount system. The event was initiated by Prof. Omkumarand coordinated by Team SSG. The program was a hugesuccess. Thanks to the wholehearted support of the IIMKcommunity.
The success of the event bolsters the image of IIMK as asocially conscious B school and SSG’s commitmenttowards the society.
IIMK News March 201318
In tune with its vision of being a social thought leader,IIMK played host to the fourth edition of the mini marathonon 24th Feb. 2013. The dawn of the day saw many brightfaces across ages and gender line up by the sea. The themefor this year’s meet was “War on Waste”, where the Institutetried to mobilize minds and bodies on the issue of solidwaste management in the State.
The event comprised of a 10 km run conducted separatelyfor both men and women, and a 3 km dream run attendedby celebrities, dignitaries and the general public. Mr. M.K. Muneer, Minister for Social Justice and Panchayat,Govt. of Kerala flagged off the men’s event at theKozhikode beach, while the women’s event was flaggedoff at the same place by the noted actress Nithya Das. Therunners thereafter had to take the CH Flyover, English
Calicut Mini - Marathon – 2013
Church junction, then proceed through the Wayanad roadand finally the P.T. Usha Road to reach the beach.
In the 10- km men’s category, G. Lakshmanan (TamilNadu) of the Indian Army bagged the first position byclocking 32.24 minutes, and the women’s category winnerwas U.P. Jaisha (Kerala) of Indian Railways, who crossedthe finishing line in 37.24 minutes. In the 3-km, Jamsheedand Shayna Cedric bagged the first position in the men’sand women’s category respectively.
In the run up to the Mini Marathon, IIMK had held a hostof events which included national level business ideacompetition for innovative waste management solution andan Open Day@IIMK for school students which includeda variety of competitions.
Over 250 students and 20 faculty members from around26 colleges affiliated to the University of Calicut and theUniversity of Kannur participated in a “book donationprogramme” of the Indian Institute of Management,Kozhikode.
Students and teachers from colleges received books fromIIMK Director, Prof. Debashis Chatterjee. This was thesecond book donation programme at the campus.
Prof. Chatterjee said the book donation programme wasone of IIMK’s gesture to reinforce to its Social EducationalResponsibility. He highlighted the importance of sharingfortunes with the needy and the need for nurturing theculture of giving in society.
Prof. Radhakrishna Pillai, Dean (Academics), IIMK said
IIMK Book Donation Scheme
that more than 6000 books belonging to a wide range ofdisciplines such as business and managementcommunication, literature, economics, and research weredistributed. About 1000 college students will benefit fromthe scheme.
IIMK News March 2013 19
Articles in Journals1. S. Balasubrahmanyam., Prasad, Kaipa., & K.B.Akhilesh(2013). The Impact of a Firm’s Financial Flexibility on itsStrategic Renewal: Key Concepts with Evidential Support fromBusinesses Across Industries. Global Journal of FlexibleSystems Management, Vol. 13(3): 165-175.2. S. Deepa., & Seth, Manisha (2013). Do Soft Skills Matter?– Implications for Educators Based on Recruiters’ Perspective.The IUP Journal Of Soft Skills, Vol. VII, No. 1: 7-20.
Book/s Published1. Adhikari, Atanu., William Zikmund., Barry Babin., JohnCarr., & Mitch Griffin (2013). “Business Research Methods”,Cengage Publishing (South Western - Thomson).
Book/Research Paper Review1. Kohli, Reena (2013). “Performance effects of foreignstrategic investments on Chinese banks”, International BusinessReview, Elsevier.2. Venkat Raman G. (2013). “Reconciling State, Market andSociety in China; The Long March Towards Prosperity” byPaolo Urio, Routledge 2010, Journal of Chinese PoliticalScience, Springer, Vol. 18, No.1.
Papers Presented in Conferences1. Jharkaria, Sanjay (2013). “Operations Strategy in E-business”, WEI International Academic Conference, Orlando(US), March 21-23, 2013.2. Kuntluru, Sudershan (2013). “Financial instruments:challenges in measurement and reporting”, 10th AIMSInternational Conference, IIM Bangalore, January 5-8, 2013.Chaired a session on the theme of ”Finance II” at the sameconference.3. Nair, Sthanu R., & Leena Mary Eapen (2013). “AgrarianPerformance and Food Price Inflation in India: Insights andLessons from Pre- and Post-Economic LiberalisationExperiences”, International Conference on ContemporaryDebates in Public Policy and Management , Indian Institute ofManagement, Calcutta, February 7-9, 2013.
4. Raju, C and Akamanchi Raghottam, H (2013): MinimumATI ChSP-4(c1,c2) Plans, Proceedings of the 2nd Annual Inter-national Conference on Computational Mathematics, Compu-tational Geometry and Statistics (CMCGS 2013), 4-5 February2013, pp. 107-111, published & organized by Global Science &Technology Forum (GSTF), Singapore.
5. Vidya, R and Raju, C (2013): Designing chain SamplingPlan (ChSP-1) under Lot Quality Protection, Proceedings of the2nd Annual International COnference on Computational Math-ematics, Computational Geometry and Statistics (CMCGS2013), 4-5 February 2013, pp.103-105, published & organizedby Global Science & Technology Forum (GSTF), Singapore.
Invited Talks/Lectures1. Leena Mary Eapen (2013). “Tomorrow’s Kerala”, An
Faculty Publicationexpert panel discussion with Chief Minister Sri OommenChandy, organized by Malayala Manorama, Ernakulam,February 23, 2013.2. Venkat Raman G. (2013). “Governance and SocialTransformation: Challenges for the New Leadership in China”,National Conference organized by the Chennai Centre for ChinaStudies, March 2, 2013.
Articles in Newspapers1. Venkat Raman G. (2013). “Wen to Leave Behind BusyLegacy”, China Daily, March 4, 2013.
Working Papers1. Kohli, Reena (2013). “Earnouts a risk mitigating strategyfor cross border acquisitions in India” under working paperseries of IIMK, Working Paper No. IIMK/WPS/119/FIN/2013/05.2.Kohli, Reena (2013). “Long Run Financial Performance ofCross Border Acquisitions of Indian Acquiring Companies”,under working paper series of IIMK, Working Paper No. IIMK/WPS/120/FIN/2013/06.
Awards & Achievements1.Adhikari, Atanu (2013). Runners-up and HighlyCommended in EFMD Case Writing Competition 2012 for casestudy on Tata Power: Corporate Social Responsibility andSustainability, in the category of Indian Management Issuersand Opportunities. (http://www.efmd.org/index.php/research/awards/case-writing-competition-winners).
Student Accomplishments1.Chheda, Pranav (2013). EPGP student won the Bank ofAmerica Green Belt Certification. His team also won internallyheld Six Sigma Challenger Quiz, Finance & AccountingKnowledge Center (FAKC), Mumbai.
2.Mukherjee, Madhuri PGP-15 student, has been selected asone of the Leaders of Tomorrow representing India in the St.Gallen Symposium. The St. Gallen Symposium aims to fosterthe inter-generational and inter-cultural dialogue between theLeaders of Today and the Leaders of Tomorrow and will takeplace at the University of St. Gallen, Switzerland. The eventinvolves interaction between 200 Leaders of Tomorrow selectedfrom over 350 universities representing 81 countries withvarious business and political heads and media representativesfrom all over the globe.
3.Rehan Abhishek., Garg, Ankit., & Garg, Sanchit (Teamname: Triple Trouble), PGP-16 students, won the Tata MotorsMindrover Case challenge, the national finals which were heldin Pune on February 7, 2013. Mindrover is a unique Tata Motorscase study competition that invites solutions to challengingproblems from the best minds on the best campuses. This yearover 1500 teams from more than 40 B-schools registered forthe event. IIMK team was amongst the top 6 finalists for thefinal round and went on to win the event.
IIMK News March 201320
Eighth Annual Welfare Day wascelebrated with pomp on February 9,2013. The event was organized by theSocial Welfare Committee (SWC) of theinstitute. SWC holds annual get-togetherof IIMK Community, which providesforum for showcasing talents, familymembers’ interaction etc.
Cultural programmes of faculty, staff andfamily were attractions of the day. Awardsfor excellence in academics and sportswere distributed on the day.
Eighth Annual Welfare Day
INDIAN INSTITUTE OF MANAGEMENT KOZHIKODEIIMK Campus P.O., Kunnamangalam PIN - 673570, Kerala, India
