On 20th July Friday the Finance club was inaugurated by Mr. Arvind Brahmakal, Associate Director of IBM. Operations club which has lined up a number of activities for the months ahead was declared open by Mr. Jaykar V, GM, Aero space Division, HAL on Wednesday, July 25th. Marketing club which has the maximum number of members had the launch of their news letter, finals of first marketing event along with the club opening on 27th July 2012. The Chief Guests for this occasion was Mr. Dhiraj Sinha, Executive Director,Dell IT Services.. All the clubs have launched an array of activities for the coming up year. Prof. Pradeep Rau, from George Washington University, USA was in the XIME campus this week to deliver a lecture on Marketing and Technology to the second year students of PGDM. As part of its students exchange programme, a group of eight students and one faculty member from Akron University, USA are participating in different events here at XIME.
The students were privileged to witness thetitans of the Indian public sector along with the President, XIME on a single platform where they were sharing their thoughts on the HR practices being followed in Public Sector Units and how different it is from the private sector. The chief guest, Mr. M. L. Shanmukh threw light on the paradigm shift that has made HR from being merely a support function to strategic function. He also emphasized people development - from induction till separation of an employee is given major thrust in the PSU’s. He stressed the importance of creating synergy between industry and academia. Dr. Nellaiapan, an alumnus of XIME, in his address to the students said the ethos in a PSU is on equality, transparency and social justice. He also said that a job in a PSU is a life-time employment.
Mr. Anantha Agasthya gave importance to the new thinking that the youngsters bring in with respect to the old-school of thoughts prevalent in the system.He justified his statement by telling that 50% of employees in HAL are less than 37 years of age. He said that the HR practices have to move from the mechanistic model of managing people to human-oriented model. He further said that a job in a PSU is perfect for those people who believe in challenge. Mr. J. V. Kotur iterated on HR being a strategic unit and plays a lead role in business. He laid emphasis on constant performance monitoring, diversity management, PCMMIstandards.
The panel laid stress on creating right culture and trust amongst the employees in order to bring in a sense of affiliation in minds of the employees towards the organisation.
The discussion was followed by a question and answer session. The panel answered questions raised by the students in areas related to women in PSU’s, eradication of corruption, and handling labour unrest in private sector manufacturing companies.
Overall the session was very informative and gave the students an insight on the HR practices in PSU’s.
On 29th August the Club hosted a major competition called Genesis. The event required students to utilize a budget of Rs. 50 and come up with a new product. The participants had to come up marketing communications and promotion plans for their product. The event had a huge turnout and enthusiastic participation from the batch 17 students.
MarkXIME, along with the Sports club of XIME conducted a competition for the first year students during the XPL cricket tournament. The participants were assigned to different participating teams with a task of branding, promoting, advertising about their respective teams. The club also came up with its first Newsletter, MarketMantra, which was launched on the teacher’s day by Mr. Vasant M Cavale, a management consultant with 28 years of experience in Marketing with companies with Hindustan Uni lever, Brooke Bond, KPMG etc.
The social activity club of XIME, XSeed, organised a visit to one of the old age homes in Bangalore, Sisters of the Poor. Students from batches PGDM16 and PGDM17 participated. The visit was a great experience for the students and instilled in them a feeling of giving back to society which is absent in modern day managers.
The students spent a day with the residents, sharing their feelings and emotions. Several games were organised, by the students for the residents, to keep them engaged and these fun filled activities unleashed the child like enthusiasm in them. Games included musical chair and passing the baton. Several residents also volunteered to sing during the course of events. Towards noon, the students volunteered to serve lunch to the residents and in cleaning up activities thereafter. Sweets and snacks were also distributed.
Post lunch, students interacted with the residents wherein they shared their experiences. A majority of the residents were natives from in and around Bangalore with some of them from neighbouring states of Kerala, Tamil Nadu, Andhra Pradesh and a few from the north. They had a huge amount of experience under their belts having held reputed positions in various organizations, mainly Public Sector Undertakings. The students were awe struck at the innate capabilities of some of the residents like singing and mastery of several languages. The students also clicked some photographs with the residents much to their enthusiasm.
The whole experience was a memorable one, both for the residents and the students.
The Dean of XIME, Dr. Regi Mathew welcomed the gathering.
Speaking on the occasion, Dr.Jeykar stated that Operations Managers need passion, persistence and confidence to achieve their goals. Their role, he stated, is very critical as it is they who can build aeroplanes and launch satellites.
Mr. Karthik John, President of the X-Ops outlined the proposed activities of the Club. He stated that many exciting events were in the offing for participants like simulation based games, all of which would contribute to the enhancement of knowledge in the field of operations management.
Dr. Jeykar , distributed the certificates for the winners of the design competition for the logo to be used by the Club. Mr. Rahul Das, Secretary of the Club proposed a vote of thanks.
The chief guest, Mr. Brahmakal, spoke about the industrial connection from the finance manager’s angle. He highlighted the need to understand one’s core value areas and align them with the organizational value system. This, he said, would enable oneself to adapt to the organizational culture. He also pointed out that the mantra for achievement in any organization is through ‘up-skilling’, a term used to represent the constant endeavor to keep learning and never to stagnate at any level.
Prof. Apte provided valuable suggestions to help improve the activities of the club such as facilitating more interaction with industry practitioners and experts, inviting research scientists in the field of financial management and also enhance research funding through appropriate channels.
The president of the club also announced the launch of the newsletter of the club, called ‘Finominics’, for the academic year. This monthly publication contains various articles presented by the students and faculty of XIME on a myriad of topics in finance and related streams.