XIME students crowned National Champions at All India Management Association, 2017
All India Management Association (AIMA) conducted its prestigious National Competition for Young India (NCYI) between 3rd – 24th November, 2017 across Bangalore, Bhubaneswar, Mumbai and Delhi. The Grand Finale for the winning teams from the regions was held at New Delhi.
NYCI was launched in 2003 and is rated as one of the leading competitions on the calendar of graduate and post graduate students and institutions in the country. It is organized with the special objective of growing horizons, not only of management students but also for students from all disciplines. This is a unique platform for budding young managers to demonstrate their knowledge, creativity, experience and professional power to become ‘Leaders of Tomorrow’.
Xavier Institute of Management and Entrepreneurship (XIME) has been associated with AIMA since its inception and continued its winning streak this year too.
Ms. Kamala Sundaresan and Ms. Jessica Mathias of XIME, Bangalore emerged national champions at the 14th NCYI organized by AIMA, on 24th November, 2017 at the national grand finale held in New Delhi. Mr. Arup Das and Mr. Apurba Mukherjee of XIME, Bangalore bagged the runners up trophy. The theme for the presentation was 'Our Idea and Action Plan for a Developed India'. Kamala and Jessica competed against 12 regional winners from the North, South, East and West regions to bag the national championship. XIME is proud of its young achievers and wishes them all the best in their future endeavors.
Shri Arun Jaitley, Honourable Union Finance Minister in his budget speech for FY 2015-16 said: "India is one of the youngest nations in the world with more than 54% of the total population below 25 years of age. Our young people have to be both, educated and employable for the jobs of the 21st century. The Prime Minister has explained how Skill India needs to be closely coordinated with Make in India. Yet, today less than 5% of our potential workforce gets formal skill training to be employable and stay employable. With a view to enable all poor and middle class students to pursue higher education of their choice without any constraint of funds, I propose to set up a fully IT based Student Financial Aid Authority to administer and monitor Scholarship as well Educational Loan Schemes, through the Pradhan Mantri Vidya Lakshmi Karyakram. We will ensure that no student misses out on higher education for lack of funds. The IT based mechanism under the Pradhan Mantri Vidya Lakshmi Karyakram is expected to provide to students a single window electronic platform for Scholarships and Educational Loans."
Vidya Lakshmi is a first of its kind portal for students seeking Education Loan. This portal has been developed under the guidance of Department of Financial Services, (Ministry of Finance) , Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA).The portal has been developed and being maintained by NSDL e-Governance Infrastructure Limited. Students can view, apply and track the education loan applications to banks anytime, anywhere by accessing the portal. The portal also provides linkages to National Scholarship Portal.
For more details visit - https://www.vidyalakshmi.co.in/
XIME hosted one of the prestigious inter collegiate B-school competition called The Boardroom Challenge conducted by The Hindu newspaper on 29th August, 2017. The competition aims to find out the best students who can be future CXO’s of the company. Students from different B-schools participated in the competition and they had to analyse a case study of Nokia’s revival in India. Nokia is now a part of HMD Global which is strategically trying to build its market in India. And thus, the participants had to present their strategy keeping up the limited funds of $ 500 million that had been provided to them. The participants had to critically analyse the situation and provided innovative solutions in terms of business, strategy and in financials. The semi-finals round in Bangalore division had 12 teams selected from a total of 1600 teams in the region. The judges for this event were Mr. Ramanujan Sridhar, CEO, Integrated Brand-Comm Pvt Ltd. and Prof Sam Placid, Director (External Programmes), Administration and Students Affairs, XIME Bangalore.
Participants came up with unique solutions on how they are going to achieve the target. The focus was to decide the product range through which the company should start its business. While most of the teams talked about the brand image that Nokia already has related to its durability and long battery life, they focused mostly on bringing the feature phones in the market considering to maintain the same image in the minds of customer. As the feature phone market segment is highly clustered, a strong brand like Nokia would surely be able to capture the market was the notion of many teams. Some also focused on the premium smartphone range where the profits generated are high. The teams in their own understanding created different product strategy in which some developed a small product range while others created a portfolio of product.
Location of manufacturing and distribution was the next major decision that the teams had to take. Given the collaboration of Nokia with Foxconn, they have to decide whether to setup the manufacturing in India or in China. Participants showcased that China gives a potential savings in terms of manufacturing of the product, India gave them an edge in responsively distributing the products. The teams who looked for China as manufacturing had shown an inventory storage of three months in their hands for smooth distribution. For those who kept their manufacturing in India were keen on building multiple warehouses across the country.
The product marketing strategy provided enormous opportunities which they can utilise to gain the market. Newspaper, print ads and hoardings were the common solutions. Unique solutions like sponsorship for sports events, collaboration with TV serials, support of in-built government apps were mentioned. The sales of feature phones were mainly focused through retail stores; smartphones sale should be done by flash sale on e-commerce platform was the opinion of many teams.
Judges analysed the teams by asking questions related how they have allocated their resources and will these allocations help them in achieving profits in the given term. They also asked questions related to the market perception of the brand in the minds of people; and how teams will be able to generate the market share that they are expecting. The first prize was bagged by the team of Symbiosis Institute of Business Management, Bangalore and the second prize was won by XIME Bangalore.
A tribute to Rev. Fr. Edward H McGrath
A Holy Mass was held on 12 August 2017 to celebrate the memory of Rev. Fr. E H McGrath, who passed away on 4 August 2017. He was instrumental in introducing management education in India and a mentor to our President Prof. J. Philip.
Fr. Edward Hugh McGrath was an American Jesuit who introduced teaching of Business Management Labor Relations in India. He taught extensively in XLRI which he cofounded, and Xavier Institute for Management based at Bhubaneswar, Odisha. He authored the Best-Seller, ‘Basic Managerial Skills for All,’ a sort of Bible for entry level managers.
The sermon by the celebrant shed light upon the humble, pious and passionate life Fr. McGrath had led through his calling. He truly abided by the vow of poverty and remained faithful and jovial even in the most painful phases of his life.
The mass was concluded by a song, composed by an alumnus of XLRI, as a tribute to Fr McGrath.
Mr.Anantharaman was awarded the 1st prize for Start-up Pitch by Kiran Bedi, Lt. Governor Puducherry.
CHENNAI INTERNATIONAL YOUTH FEST, 2017
Chennai International Youth Fest was held on 17 and 18 Aug, 2017 at VIT, Chennai. The event was conducted by the Ministry of Youth Affairs, Ministry of Urban and Rural Development and Ministry of Finance, Government of India.
This fest had a variety of competitions including the Startup pitch, the business jam, the business debate, the stress interview and the business quiz for the students from management background. The events witnessed the participation of students from various institutes like XIME-(Bangalore & Chennai), IIT-Madras, WCC-Chennai, PSGIM-Coimbatore, VIT-(Chennai & Vellore), and many more.
The students from XIME participated in all the events, and had a number of accolades to their credit.
Awards bagged by XIME Bangalore:
JAM (Just a minute)
Awards bagged by XIME Chennai
JAM (Just a minute)
HIRE - ME
71st Independence Day Celebration at XIME
The Independence Day celebration started with flag hoisting by Prof. J.Philip, President of XIME which was followed by the National Anthem. Prof. Philip addressed the gathering enlightening the students on how the country has progressed since the last 70 years’ post-independence and how the responsibility of building a great nation depends on the young managers.
The awards and scholarships were then awarded to the following students:
1)Tuition fee Waiver - Batch 23
Ms. Debopriya Sengupta
Ms. Sadia Khanam
Ms. Richa Scaria
Ms. Anupriya S
Ms. Ishpreet Kaur
Ms. Teena Thomas
Ms. M. Prachita Pradeep
Ms. Simona D Fernandez
Ms. Mathi Chandralekha
2)Merit-Cum-Means Scholarship, Batch 23
Ms. U Sreelaksha won President’s Scholarship of Rs.1,30,000/-
3)Merit-Cum-Means Scholarship, Batch 22
Mr. E Pavan Kumar - M.K.Nambiar Memorial Scholarship - Rs.2 Lakhs
Ms. Prathima Dwivedi - Prof.J.D.Cherayil Memorial Scholarship - Rs.1 Lakh
Ms. Adharsha Mariam Abraham - Chairman’s Scholarship - Rs.1 Lakh
Mr. Hamid Raza Mukrani - Sarosh J Ghandy Scholarship - Rs.1 Lakh
4)Student with highest CGPA till term 3 - Batch 22
Mr. Nishant Kakkar-7.37 CGPA was awarded cash prize of Rs.25000/-
5)Students who have 100% attendance with CGPA of minimum 6.50
Ms. Suhriti Sen - 7.07 CGPA cash prize of Rs.10000/-
Ms. Bharati H.R - 6.60 CGPA cash prize of Rs.5000/-
Mr. George Kurian - 6.53 CGPA cash prize of Rs.5000/-
To encourage the faculty members, a cash prize of Rs.25001/- was declared, and the Best Teacher Award was given to Prof. Shanmugam G for his outstanding teaching and mentoring. Thereafter, School kits were donated to the students of Gubbachi Learning Community Govt. High School. The vote of thanks was then given by one of the students of XIME. The celebration came to an end with a cultural show on the theme - “Tribute to Nation.”
Prof. J Philip receiving the Dr. KCG Verghese Excellence Award from Sri. K.V Thomas, Member of Parliament and Former Minister Food and Civil Supplies Govt. of India, and Justice Dr. P. Jothimani, Judicial Member, Green Board of India.
Hindustan Group of Institutions on its 50 years of exemplary services to the nation organized the Hindustan Awards Event at Hotel Crowne Plaza, Chennai, Tamil Nadu on the 29th of July, 2017. To commemorate this Golden Jubilee year, 50 eminent personalities were felicitated with the Dr. KCG Verghese Excellence Award for their outstanding accomplishments and contributions. At this event, Prof. J Philip, President XIME was recognized for his distinguished contributions to Academics, and was honoured with the prestigious Dr. KCG Verghese Excellence Award.
The Inauguration of the First batch of PGDM programme of Xavier Institute of Management & Entrepreneurship (XIME) Chennai Campus was held on 25th June 2017. Mr. B Santhanam, President & MD, South Asia, Saint Gobain India Private Limited was the Chief Guest and Prof. Jean-Pierre Helfer, Former Dean, Paris-Sorbonne Business School & Dr. J. Alexander IAS (Retd.), Chairman of XIME Kochi & Former Chief Secretary of Karnataka were the Guests of Honour.
Mr. P. C. Cyriac IAS (Retd.) Chairman, XIME Chennai & Former Additional Chief Secretary Government of Tamil Nadu, welcomed the gathering and looked back on the cherished journey undertaken by XIME to start its Chennai campus.
Prof. J. Philip, Founder and President, XIME, said the opening of the Chennai Campus of XIME, the third after Bengaluru and Kochi, is a dream come true for him. The first batch in Bengaluru had commenced in 1995 and the First batch of Kochi campus had commenced in 2013. In continuation of the cultural and gender diversity of the other two campuses, the first batch of XIME Chennai is composed of 59 students from over 12 states, of which 20 students are girls.
Prof J Philip said that since Oragadam is a manufacturing hub, also dubbed as the Detroit of India, the focus of XIME Chennai will be on Manufacturing Analytics, Operations, Logistics & Supply Chain Management. “We hope to make a significant contribution to the ‘Make in India’ movement.
The Chief Guest Mr. B. Santhanam during his inaugural address said that the world of work has changed and today’s business school students need to be collaborative, creative, connected and driven by conscience. He added that businesses can no longer operate on the age-old adage espoused by economist Milton Friedman, that the only social responsibility of businesses is to make profits for their stakeholders. “If you asked someone a few years ago, what is the most important characteristic that you must possess, in order to succeed in business, most would have said that to be competitive is at the heart of being successful,” he said. However, being narrowly competitive no longer guarantees success. The ability to collaborate is now an absolute necessity.
The last and the most important dimension of change is that the world is suddenly beginning to wake up to its conscience. Capitalism is now focused on building trust, compassion, collaboration and value creation. “The era of conscious capitalism has just begun,” he added.
Mr. Santhanam also proposed a framework to the students and faculty, which he called ‘i10 Leadership Traits’, drawn from success stories of many leaders, and if inculcated, will lead to increased impact. The framework, he explained, has 10 interrelated traits that contribute to effective leadership: intelligence, not analytical but emotional and social; information through knowledge, framework, linkages; insight into markets, customer and industry trends; imagination in envisioning the future and being unconstrained by resources; intensity through passion, drive and involvement; inspiration to be a visionary, role model and get others to commit; influence through persuasion, consensus, teamwork and collaboration; impact through clarity of communication, personality and connect with people; and independence by being autonomous, self-motivated, possessing edge and power balance.
Prof Jean-Pierre Helfer, former Dean, Paris-Sorbonne Business School, talked of three revolutions that are changing the face of business and will impact today’s management students. The first is the absolute necessity for companies to integrate CSR into their approach. Companies have also to be very agile. “The victorious companies are the ones that adapt, those who know how to innovate, how to change markets and those who know how to reinvent business models that lead them to blue oceans instead of staying in wild competition spaces,” he explained.
The second revolution, explained the professor, is that teachers of pure management are less important today. The managers of tomorrow, he says, need an openness towards the world, openness towards philosophy, art, geography. “Marketing remains useful, but sociology and psychology are essential. Finance cannot be ignored but the philosophy to better understand whom finance is serving, is a priority. Our students want theatre classes to learn how to behave on the business scene; they want courses on art and culture,” he elaborated.
Lastly, referring to the third revolution, Prof. Helfer said today, schools and universities can no longer live in a closed space of students and their families. The ecosystem is large, and there are a multitude of stakeholders to satisfy today, from international accreditation bodies that come to audit schools, to journalists who want to rank and compare B-schools.
Fr. George Sebastian, Director, XIME Chennai & Former Dean of XLRI gave the Vote of Thanks to end the formal function.
National Institute of Personnel Management (NIPM) is going to host its 36th Annual National Conference - 2017 (NATCON 2017) at Chennai, Tamil Nadu on the theme 'HR Positioning in Current Disruptive Business Environment'. NIPM Annual National Conference is one of the India’s largest Human Resources Conferences, attracting leading HR and business professionals from India and abroad. The mega event will take place on 15 & 16 September, 2017 at Hotel Taj Coromandel, Chennai, hosted by NIPM Madras Chapter.
We have been chosen as the Principal Academic Partner of the Conference and this would be an excellent platform to showcase our Chennai Campus. The XIME Team comprising of Rev. Dr. George Sebastian, Director, XIME Chennai, Prof. Sam Placid, Dean (External Program), XIME Group and Dr. Selvam Jesiah, Dean(Academics), XIME Chennai handed over a cheque of Rs. 2 Lacs to Mr S. Rajappan, Chairman Madras Chapter, NATCON 2017 on the 22nd of July at the NIPM Monthly Meeting held at Hotel Savera International, Chennai to confirm our status as the Principal Academic Partner of NATCON 2017.
Hon. Sri P. Sathasivam, Governor of Kerala, presenting the Golden Leaf Excellence Award to Prof. J. Philip, President XIME for his outstanding contributions to Management Education.
The Future Kerala Education Conclave 2017, was a first-of-its-kind conference where political leaders, industry leaders, education leaders, and distinguished thought leaders assembled to review the achievements of Kerala education so far; and to brainstorm on what should be the vision for Kerala education by 2021. Prof. J. Philip, President XIME inaugurated the Conclave on 21st June 2017 at Hotel Crowne Plaza, Kochi; and shared his thoughts on the future of education in Kerala.
Hon. Governor of Kerala, Shri P. Sathasivam honoured Prof. J. Philip with the Golden Leaf Excellence Award for his outstanding contributions to Management Education. Hon. Shri. P. Sathasivam was the chief guest at the concluding session, and in his key note address, he said, “There is a need to revive the education system in Kerala and such platforms can be helpful for visionaries to share their ideas and help people work for the better future”.
The event included thought-provoking sessions, informative and enlightening speeches delivered by the eminent dignitaries. The conclave also discussed the need for education reforms and the future of the education sector in Kerala. Entrepreneurs and Education analysts who immensely contributed to the field of education were also honoured in the event.
XIME Offers a New Specialization in Business Analytics
Business Analytics is an inter-disciplinary area encompassing statistics (Quantitative techniques), Information Technology (RDBMS, Data warehousing, data mining, Business Intelligence, Big data, Hadoop etc.) and Business Applications (functional areas of Management viz.; HRM, Finance, Marketing, Production & Operation Management).
There are many analytics tools built incorporating the above by various organizations. Some examples are SPSS, MS Excel (+ extensions), MS Power BI Desktop, Tableau, Hadoop, Hadoop tools like Hive, and programing languages with analytics libraries like Java, R, Python, SAS etc.
Just as the technologies of internet, E-commerce and Cloud have pervaded our everyday lives within such a short span, Business Analytics is going to play a pervasive role in the life of future managers. With data growing very big encompassing traditional databases, Excel based data, unstructured data like Emails, Facebook, videos, photos and chat messages on the web, new tools are required for mangers to analyze these data-spaces and find patterns to derive business intelligence (BI). This BI can be used for competitive advantage in various functional areas. This is already happening.
We want to prepare our students by offering this Business Analytics specialization stream which consists of 7 elective courses, for job readiness and future readiness.
Introduction to Database Management (RDBMS,) Data ware-housing, and B.I [Business Intelligence].
Business Analytics using Excel / R / Python (Multivariate Analysis, Multiple Linear Regression, Logistic Regression, Time Series Analysis, Forecasting, Bayesian Analysis. In depth use of EXCEL. Introduction to R)
Introduction to Big Data and Big Data Analytics, with Tools (Hadoop based tools, MS Power-BI, Tableau etc.,)
Application of BA in
(All these courses will run in parallel)
Adv. Stat Course Multi Regression, Factor Analysis, Principal Component Analysis, Canonical Correlation, etc., using SAS/SPSS or any other Statistical tool)
Data Mining: (Using EXCEL /SPSS /SAS /XLMINER/ Power BI or any other D/M package)
Partitioning data, Data Utilities (Sampling), Classification Affinity,
Prediction, Predictive modelling and analysis, Time Series Analysis,
Data Reduction and Exploration, Charting
Applications of Cloud computing and IOT [Internet of Things] and Overview of AI (Artificial Intelligence).
The Doyens – Guardians of Knowledge’ is an initiative of The Hindu Group to highlight the exemplary educationists in Karnataka who have endeavored to make education inclusive, promoted the cause of education and relentlessly worked to change the landscape of education. The efforts of these visionaries, pioneers and edu-preneurs have transformed higher education in Karnataka, and has shaped the course of education in India.
The Hindu Group felicitated Prof. J. Philip, President of XIME for his outstanding contribution to Management Education in an event organized on 26 March 2017 at Ritz Carlton, Bengaluru. Apart from building XIME into a world class institution of management, he has also contributed significantly to education as Dean of XLRI, Director of IIM Bangalore, Founding Member of several Key Association including Association of Indian Management Schools (AIMS), Association of BRICS Business Schools (ABBS), Indian Association of Autonomous Business Schools (IAABS). This award was a fitting recognition to his grand vision and relentless efforts to build outstanding institutions in India.
A Coffee table book “DOYENS” was released featuring the unusual success story of XIME.
Ideas worth sharing is the spirit of TED. An Idea evolves when we embed it in our lives. When we do this, we embrace change and ultimately champion change. TEDxXIMEKochi aims to enable this by breaking conventions and making us rethink our realities. Only then shall we brace to alter ourselves and our reality. Combat Resilience, Embrace and Champion Change
A Post Union Budget Discussion was organized on 4th February, 2017 in which all students, faculty and five eminent panellists participated. The panellists were:-
The Madras Management Association conducted competitions in business plan, paper presentation, debate, business quiz and best manager event on the 29th and 30th of September 2016 at Chennai. The theme of the event was ‘Perspectives in Leadership’. It had participants from all the premier B Schools like IIM-Ahmedabad, IIM-Ranchi etc. Three students from XIMEreached the final round in this event and Nicolette Francis of batch 21 grabbed ‘The Best manager’ award and won a cash prize of Rs 1,00,000. The runner up was MsJagruti, IIM Ranchi. The Best manager involved several rounds of contests which included an online quiz, an essay, a telephonic interview, group discussion, psychometric test, video interpretation and general questions.
The President Prof J Philip received the Prestigious Dr. Suresh Ghai Memorial Award for OutstandingManagement Education leadership by the Higher Education Forum (HEF), at Indian School of Design and Innovation [ISDI], Mumbai on September 3rd 2016.N2016ews