Seoul Story

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A gushing rapid on the trail of the Bukhansan trek

During animmersion experience at KAIST in South Korea, IIMB’s one-year Global MBA students get insights into the country via field visits, projects and some adventures. Karthik Ramanathan shares his experience.

21 September, 2017, Bengaluru: It was eight o’clock in the evening on 13th August 2017: we, the students of the full-time Executive Post Graduate Programme in Management (EPGP) at IIM Bangalore, were lugging our bags, getting ready to load them in the buses waiting to ferry us to the airport. Yes, the day that we had all been yearning for has arrived! Term 2 – the most dreaded of all terms – done and dusted, we were on our way to South Korea, Seoul in particular. The atmosphere in the bus during the nearly 90-minute ride to the airport was heady. Portable speakers were out; there was song and dance and unrestrained merriment. The mood had been set for the forthcoming fortnight.

No sooner did the flight take off, 30 minutes past midnight, that all the pent up exhaustion and fatigue of the last three days kicked in and knocked us out. We woke up to a wonderful view of the blue sea and small islands with green-topped hillocks – we were about to land in Hong Kong. Some of us had a fairly long layover in Hong Kong that allowed us to visit the city for a few hours. On landing we immediately made for the immigration counter to secure a clearance to enter the city, after which we took the airport express train to the city. The weather, though not hot, was quite humid. Our destination was the promenade from where the famous skyline of Hong Kong, across the sea, can be seen in all its glory. The route took us through some of the most upmarket localities of the city. The skyline itself was quite impressive, and it would have been a sight to behold at night. After spending about an hour on the promenade we headed back to the airport.

The flight from Hong Kong to Seoul was all about friendly chatter, snacks and movies. We landed in Seoul quite late but were warmly welcomed by students from KAIST, our host school. What struck us about the South Koreans immediately was their humility and hospitable nature — two traits that we came face to face with, over and over again, during our two weeks in the city. We reached Gangnam Family Hotel well past midnight and I, at least, had no energy left except to, fix myself a quick ready-to-eat meal and snore what-was-left-of-the-night away. A 9:00 a.m. departure sound positively punishing. But after four months of hard work back home at IIMB, we were well trained for tough times!

Prior to the bus ride we were served a wonderful breakfast that had plenty on offer for vegetarians, including fresh fruits, steamed vegetables, potato fries, assorted breads, hot chocolate, yogurt, and coffee. We spent the thirty-minute bus ride to KAIST taking in the sights of the city, which looked like an infrastructure marvel, which we later learnt was called the ‘miracle on the Han river’, Han being the river that flows through Seoul and divides the city into northern and southern halves.

Lectures, fields visits and more

We were welcomed to KAIST by Prof. Betty Chung with a little gift for each one of us. The day consisted of three lectures, the first one from Prof. Chung herself. She talked about the important characteristics of Korean culture and also about South Korea’s meteoric rise from being one of the poorest nations in the world in the ’50s to one of the most developed societies in the world today. I was particularly amazed by the choice of words such as jung and noonchi to communicate important cultural aspects that are integral to South Korea.

The second lecture was by Dilip Sundaram, who was the CFO and Chief Transformation Officer of Mahindra’s acquisition of SsangYong. His session was peppered with incisive questions aimed at us that put us in his shoes to think like a C-level executive in charge of transforming a company. As aspiring business leaders, this session taught us lessons that will remain with us throughout our careers. His emphasis on perfection on execution in a transformation context, and his highlighting of Korea as an execution specialist country really left an impression on us.

The third lecture was by the Indian ambassador to South Korea, Vikram Doraiswamy. We consider ourselves honoured and extremely lucky to be able to listen to, in person, to a person who is not only a distinguished civil servant but also a knowledgeable industry expert. His understanding of how the capabilities of Korean companies can be matched with the needs of the Indian market was impressive to say the least. His central message of creatively managing India’s unique traits to make it attractive for Korean companies to invest in, was the key takeaway.

The following days had lectures by James Rooney, who provided us an outsider’s perspective of not only South Korea but the other two Northeast Asian economies of China and Japan.

The lecture by Prof. Leighanne Yuh, a historian, provided us the backstory for South Korea’s stratospheric economic rise. Her detailing of President Park Chung-hee’s era during the ’60s and the ’70s was particularly insightful.

We went on field visits to the Samsung Innovation Museum, and to the Korea Exchange (KRX) in Busan. We also had two visits that helped us explore the culture of South Korea, and these were Nanta and Kicks. The former is a cooking-based mime show that amazed and stupefied us with its speed, coordination, and skill, while the latter is a taekwondo show by the national team that combines martial arts, storytelling, and technology. After our visit to KRX in Busan, we also found time to visit the beach.

Flights of fantasy

The best was saved for the last. Prior to our departure to South Korea, my class had been divided into groups of seven each, and each group was to work with a Korean company on a project. Two groups were drawn to work with the Indian Embassy of South Korea, and I was in one of those two groups. On the penultimate day of our stay in South Korea, quite unexpectedly and surprisingly, we were granted permission to visit the headquarters of Korean Aerospace Industries (KAI) in relation to our project, thanks to the efforts of Parth Sharma – Vice Chairman, Indian Chamber of Commerce in Korea. KAI’s headquarters is situated in Sacheon, which was a four-hour bus ride from Seoul. We were staring at the prospect of travelling eight hours for a two-hour meeting with a 9:00 a.m. departure for the airport next day! But the KAI visit was worth every bit of our time and energy. We interacted with Dr. Choi – Senior Manager & Chief, International Marketing Division, KAI, who was kind enough to explain in detail KAI’s business and the general landscape of South Korea’s dealings with other countries in the defence aviation sector. We were also shown around the assembly line of KAI’s fighter and trainer jets, and helicopters, and we were also given a glimpse of the cockpit of T-50, KAI’s advanced jet trainer.

Memories are made of this

Besides the formal lectures and field visits, our personal adventures and outings contributed a lot to the entire Korean experience. One of my first destinations in Seoul was the Cheonggyecheon stream, which in the aftermath of the Korean War was nothing more than raw sewage, but has now been restored with a walkway along the stream, making it an excellent public space. We also frequented various shopping hubs of the city such as the popular Gangnam Street, the sprawling Lotte Department Store, the crowded bylanes of Myengdong (the street food on offer, especially the deep fried ice-cream, is a foodie’s delight), the underground markets, and the buzzing night market at Dongdaemun (I like the name a lot. Seems worthy of a boss villain in an epic Oriental RPG video game.)

The Changgyeonggung Palace was a pleasant surprise. With its modest furnishings and simple architecture it was unlike any other palace that I have ever seen. The striking feature of this palace, and I suspect the other four palaces in Seoul, is the abundance of open spaces in comparison with courtrooms, royal residences, etc.

Another instance that made my trip memorable was the rain playing spoilsport twice – once during the hike in Bukhansan National Park, and the second time during a trip to Nami Island. In the former instance, we still managed a decent hike that afforded us breathtaking views of gushing streams and tranquil Buddhist temples, and in the latter instance we managed to see Gapyeong, a picturesque little town close to Nami Island. The twenty-minute walk, tumbling up and down Gapyeong’s rolling terrain flanked by tall mountains and under the fading light of the evening sun, was an experience of a lifetime.

I have experienced the sun and rain of the Korean summer and hope to visit this beautiful country in all its glorious colours and meet its wonderful people sometime later during a Korean autumn. Gamsahamnida Korea!

Photo Gallery : Post Graduate Programme in Management (EPGP)

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A seat of serenity nestled in wooded hills, beneath a grey sky.

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Sprightly green grass, reflective glassy river, and wise brooding hills – presided over by a portentous sky.

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Enjoying the kick of Kicks.

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In front of Gangnam Family Hotel.

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At Samsung Innovation Museum.

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A view of Busan from KRX

About the author:

Karthik Ramanathan is an IT Professional with considerable experience in the BFSI domain. He is an enthusiastic writer at heart with a passion to capture memories in words. He is currently pursuing his one-year full-time MBA at IIM Bangalore.

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NSRCEL third among India’s top 45 Technology Incubators: Entrepreneur India

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Magazine lists MOOCs, workshops, go-to-market orientation, seed funding support, India Innovation Challenge, Women’s Start-up Program, and NSRCEL Social as some the achievements which helped NSRCEL bag the coveted spot

20 September, 2017, Bengaluru: The entrepreneurship and innovation hub of IIM Bangalore – N. S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) has been ranked third among India’s top 45 Technology Incubators by Entrepreneur India, a magazine which provides a platform for entrepreneurs to discover and unleash breakthrough ideas, innovations and insights needed to realize their power to disrupt the social, economic and tech ecosystem.

According to Entrepreneur India, while the start-ups and investments have gone through restructuring, the mentorship and support ecosystem have gone from strength to strength. This forms the basis of their ranking. The others in the list include top incubators focusing on technology and technology-enabled areas across sectors, such as, technology business incubators housed at various government universities and technical institutes, entrepreneurship-led private incubators, incubators based in private universities, corporate incubators, and incubators that are part of knowledge parks.

Highlighting the accomplishments of NSRCEL the magazine states, “The incubator offers the Blended Entrepreneurship Model that includes MOOCs (Massive Open Online Course), workshops, go-to-market orientation and seed funding support. Some of the other programs include Do-Your-Venture MOOC, India Innovation Challenge in association with Texas Instruments and DST, Women’s Start-up Program, NSRCEL Social, the not-for-profit incubator supported by the Michael and Susan Dell Foundation. The total valuation of 55 active companies from the incubator is around $1 billion with highest job creation of 4,500.”

IIM Bangalore has working on a number of initiatives in enabling a ‘start-up culture’ in the country. ‘Entrepreneurship’ is today an integral part of IIMB’s academic agenda. NSRCEL is a world-class centre for excellence in seeding, nurturing and promoting entrepreneurship with emphasis on start-ups and existing organizations with high growth potential. The objective is to help entrepreneurs channelize their energy and talent towards transforming their ideas into successful companies. NSRCEL does so by guiding them in understanding specific opportunities for business growth and helping them access the resources they require.

The centre has formed active collaborations with industry and other academic institutions to strengthen the much needed start-up ecosystem in the country. The centre’s latest initiative, ‘NSRCEL Social’, plans to leverage NSRCEL’s experience in nurturing early stage ventures to incubate world-class not-for-profit organizations focused on improving the lives of those living in urban poverty. This initiative was launched by NSRCEL in partnership with the Michael & Susan Dell Foundation. NSRCEL has also started focused initiatives designed to help women entrepreneurs – the ‘Women Start-up Programme’ – which is supported by Goldman Sachs.

NSRCEL has been selected by NITI Aayog to receive INR 10 crore as scale-up support over the next two years, which will enable the centre to upgrade and expand its infrastructure and thereby its services to entrepreneurs. NSRCEL is one of the six established incubation centres in the country to receive this financial support under the Atal Innovation Mission.

 

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IIMB’s incubation hub offers workshops, networking sessions and reviews to its first batch of 8 social ventures

Anchor-mentors will guide the start-ups through their 18-month incubation journey at the NS Raghavan Centre for Entrepreneurial Learning

18 September, 2017, Bengaluru: The eight early-stage organizations selected by IIM Bangalore’s N. S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), under the social ventures program for incubation over the next 18 months, were inducted on September 15 (Friday), 2017, in the presence of IIMB faculty, mentors and NSRCEL members.

Rajiv Sawhney, Chief Operating Officer, NSRCEL, said: “A review system will be in place for periodic intervention to monitor your progress. We need to get into a far more frequent Q&A mode. There will be many speaker sessions and workshops to engage you in high gear. Access to online platforms will help boost interaction with a larger community. To make you successful is our own test as well.”

The entrepreneurship and innovation hub of IIM BangaloreNSRCEL – had launched its social ventures incubator in April this year, to nurture early stage non-profit organizations.

Through this initiative, NSRCEL Social aims to address the lack of an effective support system for early stage NGOs that are offered little or no technical assistance for fund raising, legal issues and operational challenges. One of the first social incubators of India exclusively for non-profit organizations, it aims to help create a pool of high-performing organizations that can create large-scale social impact. The social ventures incubation program is currently supported by the Michael & Susan Dell Foundation. These selected ventures will be incubated for a period of 18 months and given financial support of INR 18 lakhs.

The goal of the NSRCEL Social Ventures Program is to help the ventures build a mindset to scale and impact. NSRCEL will put in place an M&E framework to periodically track progress of the ventures through joint goal setting efforts of mentors and ventures and enable a three pronged mechanism of self, peer to peer and mentor review system in place. NSRCEL also intends to foster cross learnings and sharing of best practices through the mix of programs and other incubatees under its fold.

The selection process for the program started early April this year. The centre received over 160 applications, out of which 24 were selected spanning diverse sectors like education, livelihood, financial inclusion, etc. The 12-week pre-incubation program for these ventures included mentoring, classroom sessions on critical strategies, field visits, boot camp, networking and intensive review sessions.

Shortlisted ventures were pitched to an advisory committee before the final eight were selected. The incubation will give the ventures access to resources at IIMB and leverage the support system created for non-profits. The incubator is guided by an eight-member advisory committee comprising established non-profit and business leaders and faculty of IIMB. It leverages the expertise of NSRCEL-IIMB in nurturing for-profit organizations for over a decade, faculty members and student communities at IIMB.

The induction event, on September 15, was organized for the very first batch of incubatees. All the ventures have been assigned an anchor-mentor who will guide them throughout the program. The incubatees will also have access to the large pool of industry experts, IIMB faculty, alumni and resources at NSRCEL during the program.

Other than the agreements and documentation formalities, the day’s activities included walking the ventures through the incubation plan brief, designating anchor mentors, followed by a goal-setting workshop that will facilitate the formulation of the M&E framework to track their progress.

Professor Sourav Mukherji, Dean of Academic Programmes at IIMB and one of the mentors, congratulated the incubatees for having taken up, what he described as, ‘the bold and difficult journey of entrepreneurship’. “Being a social entrepreneur is even tougher. There has to be internal balance between social impact and financial sustainability. However, no learning or experience is great unless it is difficult!”

Prof. Mukherji’s advice of maintaining this balance was echoed by the mentors as well. They advised the incubatees to be rooted in reality while trying to think beyond the norm, take risks, disrupt, and identify and solve difficult problems.

Details of the selected ventures and anchor-mentor profiles

Selected Ventures

1. i-Saksham: Founded by ex-Gandhi fellows Ravi Dhanuka, Aditya Tyagi and Shravan Jha, it aims to enhance learning outcomes by training community youth educators using technology as the main facilitator. It enables these educators to run their own learning centres and meaningfully engage in various other educational activities. 

2. Meraki: Brainchild of Seemant Dadwal and Co-founder Ghajal Gulati, it offers solutions for intergenerational burdens that disadvantaged families carry, by equipping parents with knowledge skills and mindset to be able to transform their children’s lives.

3. Mantra4change: It works through school transformation. Khushboo and Santosh, founders of Mantra4Change, explain that through an intensive two-year partnership with schools, Mantra4Change aims to transform the aspects of instructional leadership, teaching-learning processes and the school culture.

4. Tarkeybein Education Foundation (TEF): It develops English language learning tools and training programs for students and teachers. Learning tools are being co-created with children from low-income groups. The core focus is on children building skills of observation, interpretation and expression, and acquiring English language skills in this learning process.

5. Superheros Incorporated: It aims to develop success-oriented mindset and career readiness, along with strengthening technical skills in vocational trainees, in order to provide industries with skilled workforce. Operating through various programs designed for the students at ITIs, it aims to bridge the gap between the supply and demand of the skilled and trained workforce with enhanced employability.

6. Guardians of Dream: It is working towards building an anchor institution to define and consolidate the childcare sector. It is also working to solve critical gaps in research, intervention design, implementation capacity and resource mobilization. In the initial phase, Guardians aims to create and deliver interventions within an institutional framework (children’s homes and orphanages).

7. Bridges of Sports: Founded by Nitish M Chiniwar, it works with children from economically and socially backward communities in the age group of 8-14 years. A network of high quality volunteers, athletes and teachers dedicate two years of their life to the fellowship program and post fellowship, Bridges of Sports supports the fellows to become micro entrepreneurs with a focus on building and accelerating the vibrant sports ecosystem.

8. Anthills Creations: At Anthills Creations, Pooja Rai and Nancy Charaya, alumnus of IIT Kharagpur, are determined to bring back play for kids through building sustainable playscapes by using recyclable material.

Profile of Mentors

1. Professor Sourav Mukherji is the Dean of Academic Programmes at IIMB. Professor Mukherji teaches postgraduate courses on Organization Design and Inclusive Business Models. His current research focus is on inclusive business models – businesses that address the needs of the poor in a financially sustainable manner. In this domain, he has authored many case studies, several of which have been published online by the Harvard Business Press. He has been a consultant to organizations in the public, private and not-for-profit sectors, advising them on organization design and financial sustainability.

2. Samina Bano: Founder RightWalk, where she is building an inclusive and accountable education system, opening up access for children to an equitable education irrespective of socio-economic status. To do this Samina is building a movement of students, parents, teachers, school administrators, and government officials who are demanding an inclusive education system through policy and implementing it through accountability mechanisms.

3. Rajesh Navaneetham: Rajesh is a Founder-partner in Katalytics Growth Consultants. He works with organizations to help them scale up their operations in India. In doing this, he brings his practical knowledge of more than two decades in the corporate world, where he has successfully set up / scaled up engineering teams and businesses in India.

4. Dipesh Sutariya: Dipesh Sutariya is the Co-founder and CEO of Enable India, a non-profit organization that has been working for the economic independence and dignity of persons with disability across India, since 1999. Dipesh is transforming attitudes towards the employment of people with disability through a growing group of professionals with disability who meet the needs of the corporate sector and who dispel the myths and stereotypes about hiring persons with disability.

5. Rajiv Kuchhal Rajiv is an active angel investor and mentor to multiple start-ups in the social enterprise and technology space. He is an advisor and board member of many such companies and a general partner at Exfinity fund.

6. Naghnma Mulla: Naghma works towards creating and maintaining a sustainable philanthropy network to support the EdelGive investee portfolio with the funder community. She is responsible for and heads the three divisions at EdelGive, namely Investment and Programmes, Fundraising and Partnerships, and Employee Engagement Programme.

7. Naga Prakasam: Nagaraja (Naga) Prakasam is a full-time angel investor who has invested in 16 start-ups and seen three exits. He has spearheaded Impact thinking in Indian Angel Network and co-founded IANImpact. A partner at Acumen Fund, a New York based $100M impact-venture fund, he serves as an Independent Director in one of its portfolio companies. In addition, he directs boards in Uniphore Software Systems, GoCoop – Social Marketplace, Saahas Zero Waste, FreshWorld, Lumiere Organic, SP ROBOTIC WORKS Pvt. Ltd and is a board observer at Happy Hens Farm.

Photo Gallery:

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IIMB’s incubation and innovation hub – the NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) – welcomes the first ever batch of eight social ventures to the NSRCEL Social Program on September 15, 2017.

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Anchor-mentors and incubatees of NSRCEL Social at the Induction Program.

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From river rejuvenation to neem revolution, TEDxIIMB features inspirational talks

Event organized by students and alumni of IIMB elicits enthusiastic response

11 SEPTEMBER, 2017: Students and alumni of IIM Bangalore jointly organized this edition of TEDxIIMBangalore on Sunday, September 10. The theme for this year’s talks was ‘Transformational Ideas’ and featured five eminent speakers.

Dr. Rajiv Kumar Gupta, Managing Director, Gujarat Narmada Valley Fertilizer & Chemicals Ltd, spoke on the Neem Revolution and how it has been empowering women in rural India.

Dr. T.V. Ramachandra, Professor at the Center for Ecological Sciences at Indian Institute of Science, Bangalore, spoke on ‘Rejuvenating Ecology and Hydrology in Rapidly Urbanizing Landscapes’ with a special focus on Bengaluru’s rapidly changing ecology and how to restore the imbalance.

Sampath (Sam) Iyengar, Partner, Forum Synergies PE Fund Managers (India), shared his thoughts on ‘Dharmic Capital – a Practitioner’s Perspective’. He made a case for quadruple bottom line: Planet, People, Profits and Purpose.

Srinivas Guttal, Founder, Pūrṇapramati School, explained the concept of Pūrṇapramati in his talk. He shared his experience of running an experimental school in Bangalore for the last 20 years and spoke of the need to protect “rich ancient knowledge”. Highlighting the success of a project to rejuvenate river Kumudvati near Bangalore, he said this was possible because of the involvement of the student community.

Mahantesh GK, Founder Managing Trustee at Samarthanam Trust for the Disabled, and Vice-President-World Blind Cricket Council, spoke on ‘Give a lever and a place to stand, and I can move the earth’, and shared instances where people with visual disability excelled in their chosen fields when provided with an enabling environment.

Photo Gallery: TEDxIIMBangalore

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The speakers and IIMB Director Dr. G Raghuram at the TEDxIIMBangalore event organized by IIMB students and alumni on September 10, 2017. Built around the theme of ‘Transformational Ideas’, the event had speakers such as Sampath Iyengar, Partner, Forum Synergies PE Fund Managers, India, Srinivas Guttal, Founder, Pūrṇapramati, School, Dr. T.V. Ramachandra, Professor at Center for Ecological Sciences, Indian Institute of Science, Bangalore, Mahantesh G.K, Founder Managing Trustee, Samarthanam Trust for the Disabled & Vice-President, World Blind Cricket Council, Prof. G Raghuram, Director, IIM Bangalore, and Dr. Rajiv Kumar Gupta, Managing Director, Gujarat Narmada Valley Fertilizer & Chemicals Ltd.

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Dr. Rajiv Kumar Gupta, Managing Director, Gujarat Narmada Valley Fertilizer & Chemicals Ltd., delivers a talk on ‘Neem Revolution’.

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Dr. T.V. Ramachandra, Professor at Center for Ecological Sciences, Indian Institute of Science, Bangalore, delivers a talk on ‘Rejuvenating Ecology and Hydrology in Rapidly Urbanizing Landscapes’.

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Sampath Iyengar, Partner, Forum Synergies PE Fund Managers, India, delivers a talk on ‘Dharmic Capital — a Practitioner’s Perspective’.

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Srinivas Guttal, Founder, Pūrṇapramati, School, delivers a talk on ‘Purnapramati’.

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Mahantesh G.K, Founder Managing Trustee, Samarthanam Trust for the Disabled & Vice-President, World Blind Cricket Council, delivers a lecture on ‘Give me a lever and a place to stand, and I will move the earth’.

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Dr. G Raghuram, Director, IIMB, receives a token of appreciation.

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The organizing team of the talks with the speakers and the Director of IIM Bangalore, Prof. G Raghuram.

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IIMB and ISB join hands to train the next generation of B-School faculty

Prof. Sourav Mukherji 2

Sourav Mukherji
Dean of Academic Programmes
IIM Bangalore

First-of-its-kind partnership to promote teaching excellence amongst India’s B-Schools

07 September, 2017: In a first-of-its-kind collaboration, Indian Institute of Management Bangalore (IIMB) and the Indian School of Business (ISB) have joined hands to organize the ISB-IIMB Doctoral Consortium on Teaching for doctoral candidates who are about to start their careers as faculty at India’s B-schools.

Led by Professors Arun Pereira, Executive Director of the Centre for Learning and Management (CLMP) at the ISB, and Sourav Mukherji, Dean of Academic Programmes at IIMB, the Consortium had participation from doctoral candidates at ISB, IIM Ahmedabad, IIM Bangalore, IIM Lucknow, IIM Indore, and IIM Kozhikode among others.

Participants were trained on effective teaching and classroom management, by using student-centered learning approaches to teaching, conducting effective case discussions, understanding the changing role of technology inside and outside the classroom, knowing the importance of student learning styles, how to engage with them better and what it takes to design a compelling learning experience for students.

Sharing his perspective on how the association between the two B-schools can make a difference, Professor Arun Pereira of ISB said, “The ISB-IIMB Consortium is a fine example of how collaboration among Indian B Schools can raise the bar for management education in India. If Indian B-schools are to grow in quality and global stature, it is critical that the quality of faculty and teaching standards are on par with the best in the world, and programmes like this help to make that a reality. The ISB-IIMB association is unique in that it meets an increasingly urgent need to build capacity for India’s burgeoning management education sector.”

Professor Sourav Mukherji, Dean of Academic Programmes at IIMB, and one of the lead faculty for the programme, said: “The ISB-IIMB Doctoral Consortium addresses a long felt demand of the doctoral student community to provide key inputs towards honing teaching skills from the master teachers of ISB and IIM Bangalore. While several doctoral consortia have in the past focused on enhancing much needed research skills, the uniqueness of this programme lies in its focus on teaching, which given the enormous shortage of high quality business school faculty, caters to an important national agenda.”

Now in its fourth year the Consortium was for the first time organized jointly by the two B Schools, at the ISB’s Hyderabad campus. The programme is targeted at final year FPM /Ph.D./Doctoral candidates to help them get a head start as they begin their careers. A unique component of the programme is that each participant was required to teach and was provided substantive feedback, along with a recording of their teaching for review and reflection.

Participants from the consortium shared their experiences of how the Consortium was helpful. Kaveri Krishnan, from IIMB, said was a ‘very valuable experience, especially for doctoral students with no prior teaching experience’, while Biswajita Parida, IIMA, said the consortium was ‘an eye-opener to the state of the art technological tools, teaching methods, and styles of assessment evolving in the contemporary market.

The Doctoral Consortium was supported and funded by the International Schools of Business Management (ISBM). ISB Is a member of the ISBM — a group comprising of leading B Schools such as HEC Paris, IMD Lausanne, INSEAD Fontainebleau, Kellogg School of Management, North western University, London Business School, SDA Bocconi, Milan, Stern School of Business, New York University, Stockholm School of Economics, IAE Aix-Marseille Graduate School of Management, and China Europe International Business School (CEIBS).

About ISB

Indian School of Business (ISB) is a global Business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the sixteen years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, one among the select 100 global B-schools to have AACSB and EQUIS accreditation, one of the largest providers of Executive Education in Asia, and the most research productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global B-schools and the backing of an influential Board, have helped the ISB fast emerge as a premier global Business school in the emerging markets. For details visit @ www.isb.edu

About IIMB

A leading research-focused business school in Asia with around 100 full time faculty members, more than 1200 students across various long duration programmes and nearly 5000 annual Executive Education participants, Indian Institute of Management Bangalore (IIMB) is located on a verdant 100-acre campus in India’s high technology capital, Bangalore.

IIMB’s long-duration post graduate programmes comprise the Fellow Programme in Management (FPM), the Post Graduate Programme in Public Policy and Management (PGPPM), the one year full-time Executive Post Graduate Programme in Management (EPGP), the Post Graduate Programme in Enterprise Management (PGPEM), and the Post Graduate Programme in Management (PGP). All these programmes are very highly rated and IIMB alumni occupy senior managerial and academic positions around the world.

Along with ten disciplinary areas and five centres of excellence that offer courses and conduct research on interesting questions facing various sectors of industry, IIMB has three faculty recruiting centres – the Centre for Management Communication, the Centre for Public Policy, and the N S Raghavan Centre for Entrepreneurial Learning.

Committed to make deep social impact using technology-enabled education, IIMB offers Massive Open Online Courses (MOOCs) through edX, a not-for-profit online initiative of Harvard and MIT that offers online courses from the world’s best universities. IIMB is the first management school in India to offer MOOCs on the edX platform.

IIMB is accredited by the EFMD Quality Improvement System (EQUIS). EQUIS is a global school accreditation system run by the European Foundation for Management Development (EFMD) that specializes in higher education institutions of management and business administration. For more information on IIMB, please visit @ www.iimb.ac.in

Prof. U Dinesh Kumar publishes book on Business Analytics

Prof. Dinesh Kumar[7]

Titled ‘Business Analytics – The Science of Data-Driven Decision Making’, the book provides a holistic perspective of analytics with theoretical foundations and applications of the theory using examples across several industries

05 September, 2017, Bengaluru: A book titled, ‘Business Analytics – The Science of Data-Driven Decision Making’, authored by Professor U Dinesh Kumar, faculty and Chairperson, Decision Sciences and Information Systems area, IIM Bangalore, has been published by Wiley India Pvt. Ltd.

Written with the aim of becoming the primary resource for students of Business Analytics, this book provides a holistic perspective of analytics with theoretical foundations and applications of the theory using examples across several industries. The content of the book starts with the foundations of data science and addresses all components of analytics, such as, descriptive, predictive and prescriptive analytics topics which are discussed using examples from several industries, as well as nine analytics case studies distributed by Harvard Business Publishing and used by several institutes across the world. The book is enriched with 10 years of teaching experience of the author at various programmes in IIM Bangalore and several training and consulting projects carried out by him.

About the book: The book provides equal importance to theory and practice with examples across industries. The case studies provide a deeper understanding of analytics techniques and deployment of analytics-driven solutions. It has thorough coverage of topics such as basic probability concepts, probability distributions, hypothesis testing, multiple linear regression, logistic regression, decision trees, forecasting, clustering, prescriptive analytics, stochastic models and Six Sigma. The book offers real data sets for students to practice various analytics techniques and consists of discussion of analytics applications in industries such as banking and finance, eCommerce, healthcare, manufacturing, retail and services. It has multiple-choice questions at the end of the chapter which will ensure that the reader has understood the learning outcomes. The microsite of the book lists the datasets used in the book, and the case studies in this book are distributed through the Harvard Business Publishing (HBP) case portal.

The book has 17 chapters and the first few chapters are dedicated to foundations of Business Analytics. Introduction to Business Analytics and its components such as descriptive, predictive, and prescriptive analytics along with several applications are discussed in Chapter 1. In Chapters 2 to 8, basic statistical concepts are discussed, such as descriptive statistics, concept of random variables, discrete and continuous random variables, confidence interval, hypothesis testing, analysis of variance and correlation. Chapters 9 to 13 are dedicated to predictive analytics techniques such as multiple linear regression, logistic regression, decision tree learning, and forecasting techniques. Clustering is discussed in Chapter 14. Chapter 15 is about prescriptive analytics in which concepts such as linear programming, integer programming, and goal programming are discussed. Stochastic models and Six Sigma are discussed in Chapters 16 and 17, respectively. Each chapter is enriched with several solved problems, multiple choice questions, and exercise problems. Many chapters include case studies that will improve understanding of the concepts and enable students to understand how analytics is used by the industry.

About the author: Prof. Dinesh Kumar is also the Chairperson, Data Centre and Analytics Lab, an initiative of IIMB set up to support interdisciplinary empirical research using data on primarily Indian as well as other emerging markets, and Chairperson of IIMB’s Executive Post Graduate Programme in Management (EPGP). He holds a PhD in Mathematics from IIT Bombay. He introduced the Business Analytics elective course in 2008 to the Post Graduate Programme in Management (PGP) students at IIM Bangalore and started one of the first certificate programmes in Business Analytics in India in 2010.

Prof. Dinesh Kumar has over 20 years of teaching and research experience. He has published more than 60 research articles in leading academic journals. Twenty-eight of his case studies on Business Analytics, based on Indian and multinational organizations, have been published at the Harvard Business Publishing’s case portal. He has also carried out predictive and prescriptive analytics consulting projects for leading organizations. Moreover, he conducts corporate training programmes on Analytics for several companies.

Prof. Dinesh Kumar is the Founding President of the Analytics Society of India (ASI). He was awarded the Best Young Teacher Award by the Association of Indian Management Institutions in 2003. He is listed as one of the top 10 Analytics academics in India by the Analytics India magazine.

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