Lucknow Vision Jan12_SinglePage.cdr
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Lucknow Vision Jan12_SinglePage.cdr
October - December, 2011 • Volume XIV • Issue 4 www.jaipuria.ac.in/lucknow ALSO IN THIS ISSUE MANAGERIAL CHALLENGES SEMINAR SERIES INVITED TALKS WORKSHOPS NATIONAL CONFERENCE: IIC 2011 Jaipuria Institute of Management, Lucknow COVER STORY 2 0 1 1 Interdependence, Integration and Co-creation NATIONAL CONFERENCE ON INTERDEPENDENCE, INTEGRATION & CO-CREATION IIC 2011 Jaipuria Institute of Management, Lucknow organized sixth National Conference on Interdependence, Integration and Co-creation (IIC 2011) on November 19-20, 2011. The theme of the conference was, ‘Infrastructure and its Role in India’s Socio-economic growth.’ The Guest of Honour of the inaugural session was Dr. Farooq Abdullah, the Honourable Union Minister for New and Renewable Energy, Government of India. IIC 2011 began with the lighting of the ceremonial lamp followed by Saraswati Vandana. Shri Sharad Jaipuria, Chairman, Board of Governors, Jaipuria Institute of Management welcomed the guest. He acknowledged the presence of the honorable minister as a privilege and honor for the Institute. Stressing the importance of some of the areas of infrastructure, like, power and energy, transportation, telecommunication, infrastructure financing; he highlighted some of the challenges that are faced by the infrastructure-sector for sustained economic development. (From left to right) Dr. J. D. Singh, Director General, Jaipuria Institute of Management; Shri Sharad Jaipuria, Chairman, Board of Governors, Jaipuria Institute of Management; Dr. Farooq Abdullah, the Honourable Union Minister for New and Renewable Energy, Government of India; Shri Sreevats Jaipuria, Member, Board of Governors, Jaipuria Institute of Management; and Prof. S.R. Musanna, Dean and Officiating Director, Jaipuria Institute of Management, Lucknow Dr. J. D. Singh, Director General, Jaipuria Institute of Management, highlighted that in this era of globalization, Interdependence, Integration and Co- creation are much needed for survival and sustainability of organizations. He further averred that interdependence among sectors, integration at the level of companies and co-creation to create wealth and well-being have become the reality of today. According to him, we must deliberate to provide a platform to every one to address issues related with infrastructure and thereby help in improving efficiency. NATIONAL CONFERENCE POWER & ENERGY INFRASTRUCTURE FINANCING Dr Farooq Abdullah, the Honorable Cabinet Minister for New and Renewable energy, Govt. of India, emphasized on the importance of Indian values of honesty, truthfulness , integrity and the like. He said that India will only grow when every Indian nurtures these values within himself. He further emphasized on the need to unite to build a great nation. He said that Indians from time immemorial have worshiped the sun, the fire, the rivers and the wind as gods and goddesses. He urged the students to once again realize the importance of the natural resources and conserve them. Some of his suggestions were: get the best technology from foreign land and innovate it, give it freely to other nations, make use of geo-thermal heat, use solar energy and hydro power and make use of bio-mass. Shri Sreevats Jaipuria, Member, Board of Governors, Jaipuria Institute of Management, proposed the vote of thanks. He said that human values of youth-participation, ownership and honesty would go a long way in building a strong foundation for the country. The first technical session, ‘Power and Energy’ was introduced by Dr. A.K. Singh, Director, Jaipuria Institute of Management, Noida. The session was chaired by Shri Suresh Mathur, Founding MD and CEO, Petronet LNG. In this session, Shri Debashish Majumdar, CMD, IREDA, said that renewable energy should be main-streamed for the growth of infrastructure. He stressed that there is tremendous opportunity in development of renewable energy and its distribution provided various stake-holders with the opportunity to actively involve them. Shri S. K. Agarwal, Director (Finance) of U.P. Power Corporation Limited, highlighted the three aspects of power-sector, namely, generation, transmission and distribution. He emphasized that because of A T & C loss, inefficiency in billing and collection, inadequate cost-recovery, poor infrastructure, lack of effective MIS and inefficiency in TRANSPORTATION URBAN INFRASTRUCTURE management, ‘distribution’ of energy becomes a crucial function. He proposed that PPP (public-private partnership) is the ultimate solution for appropriate distribution and government authorities should look for such participants. Shri Samvit Basu, Director of Policy Group, IDFC Ltd., discussed the role of coal in power generation. He said that coal is the main resource for power and fertilizer sector. He further said that there is a great potential for growth in the energy sector, provided that coal supply is uninterrupted and the cost is passed to the procurer. Tariffreforms and market-based pricing mechanism are the real solutions, said he. Shri Shivaji Basu, DGM, GAIL, opined that natural gas is a green fuel for power and other applications. He said that power and fertilizer are the two major consumers of natural gas. The session moderator concluded that natural gas is India’s energy security and common sense is desired to manage this resource. He said that India being fifth largest energy-consumer requires triple-energy in years to come. Infrastructure is the key ingredient of economic growth and quality of life, added he. The second technical session, ‘Infrastructure Financing’ was introduced by Prof. Gautam Raj Jain, Director, Jaipuria Institute of Management, Indore. The session was chaired by Shri S.K. Goel, CMD, IIFCL. In this session, Shri Rajiv Mahajan, ED, Corporate Finance, YES Bank, highlighted the basics of infrastructure financing. He stressed upon finding the issues and risks before investing money so that IRR can be obtained quickly. Shri R. Mandal, CEO, SREI, said that infrastructure is an important area for growth. He mentioned about infrastructure-deficit areas like power, highways, ports, airports and railways. He talked about projected investment of twelfth year plan in infrastructure which is 30.7 % in electricity and 24.7% in telecommunication out of one trillion USD. He gave an insight about shortfalls of PPP and concluded COVER STORY IIC 2011 HIGHLIGHTS with a brief discussion of various financing options available. Shri M. Mahapatra, GM, Midcorporate, SBI, stated that Indian Infrastructure financing is an evolving area. He stressed that India is suffering from a dearth of good, bankable projects and lack of good promoters. He said that projects should have a long-term vision and competent promoters. A couple of challenges of financing, according to him, are: projectevaluation and less of quality-equity. Shri S.K. Goel, session-moderator, concluded by saying that financing of long-term infrastructure projects need debt and equity both. He said that stakeholders should work together to make the project profitable so as to repay the debt. He suggested ‘infrastructure-bonds’ as a solution to infrastructurefinancing. On the second day of IIC 2011, Dr. Rajiv R. Thakur, Director, Jaipuria Institute of Management, Jaipur welcomed the speakers and introduced session three. Dr. P. S. Rana, Chairman, Indian Infrastructure & Urban Development and Former Chairman and Managing Director, HUDCO, chaired the session. He talked about a cost-effective transport–system for regional development. He proposed planned urbanization of rural areas for accelerating development and growth of the economy. The resources which are required for urban infrastructure, according to the speaker, are: transportation, water supply and sanitation, power supply and communication. Six sources which are necessary for providing each of these resources are- space, energy, time, capital, manpower and environment, added he. He concluded by saying, “Take city to the villages, rather than villages to the city.”In this session, Shri Subir Hazra, Associate Vice President, GMR Group, spoke on the viability and competitiveness in aviation industry. He discussed about the airport eco-system. He highlighted the role of airlines, aircraft-handling, EPC and other contractors, and terminal concessionaries in this regard. He discussed some of the challenges which are faced by the aviation-infrastructure developers. For example, encouraging PPPs, increasing capacity and managing it, market friendly regulatory concerns and the like. He concluded by saying that passenger experience is the key factor in achieving competency. Jeetendra Singh, Director-Planning (Special), Railway Board, Ministry of Railways, spoke on the role of infrastructure and the road ahead for the development of the railways. He discussed the transportation modelmix and its economic implications. According to him, energy, efficiency, low carbon-emission, low social cost, minimum resource cost to the nation and integrated development of the country are some of the reasons why railways are viable. The fourth technical session was introduced by Prof. S.R. Musanna, Dean & Officiating Director, Jaipuria Institute of Management, Lucknow. He welcomed the speakers. The session was chaired by Shri Rajeev Talwar, CEO, DLF Ltd. In this session, Sudhir Krishna, Secretary, Ministry of Urban Development, pointed out that population pressure in urban areas should be revisited as cities are overcrowded. He discussed about the quality of life of the rural population, lack of productive agricultural land and impact of environment on farmers’ agricultural produce. While concluding his talk, he proposed a paradigm-shift in terms of economic activity. He elaborated upon this shift by highlighting a pressing need of a trade-off between the push and the pull which is taking place between rural and urban India. Shri R. V. Verma, CMD, National Housing Bank, while speaking on the occasion, highlighted certain trends in housing finance, challenges in low income-housing and the role of various agencies. He stressed on the need for retail-lending. He also highlighted the role of dependency on international funding and increasing long-term funding to facilitate affordability. Suggesting a way forward for growth of low incomehousing, he stressed on the role of widening stakeholders’ base, broadening institutional infrastructure, securitization through government support, risk-mitigation, tapping resources and supportive policy environment. Dr. Vinod Tewari, Chair Professor of NCR Studies, TERI University, spoke about a few issues in providing and managing urban infrastructure, like, rapidly increasing urban population, poorly planned growth of cities, provision of urban infrastructure which is lagging behind, huge gap in the requirement and availability of funds, weak institutional capacity for planning and management, poor credit- NATIONAL CONFERENCE IIC 2011 HIGHLIGHTS worthiness of urban local bodies, good central government initiatives, lax implementation and lack of political will at the state and local level. He mainly focused on capacity-building, urban management colleges, guidance of consultants for capacity building and allocation of funds for training and quality research. Shri Rajeev Talwar, CEO, DLF Ltd., highlighted the role of risk-mitigation, increasing productivity to increase GDP and co-creation (among entrepreneurs, government agencies, rural and urban India) to facilitate development of infrastructure. He concluded by saying that the biggest challenge for infrastructure sector is, “How to hold the country together in terms of infrastructure.” Academic papers were also presented in parallel sessions. Sheetal Sharma, presented the paper, “A Review of Urban Poor Health and Health-Inequalities.” The paper attempted to review and assess the urban poor-health issues, reasons of health-inequalities and inhibiting factors to access health-care infrastructure. The author suggested the need for improving the efficiency of the health-care delivery system. Nidhi Nagar, presented the paper, “Examining the Relevance of Relationship Marketing Efforts in Explaining Relationship Quality in Telecom Sector.” The researcher attempted to explore the antecedents constituting relationship quality in telecom sector and examined the role of various relationship marketing activities in the growth of the sector. Smita Singh presented the paper, “Exploring Consumer Attitude towards Mobile Advertising.” The researcher explored the possibility of usage of telecommunication media as advertising media in conjunction with GPS enabled services. Ankit Pareek and Dhruv Arora presented the paper, “Analysis and Evaluation of Strategies for Distribution of Power Generation Technology.” The researchers highlighted the importance of alternative sources of energy and discussed about distributed power-generation (DG) technology as a cost-effective and reliable alternative source of energy. Abhishek Soni and Garima Mathur, presented the paper, “Technology Management for Urbanization: Agenda for Future.” The researchers made an attempt to study the technology-infrastructure management for improving the next- generation citizen services like sewage and sanitation, solid-waste management, water-supply, public works department and fire department. Based on gap-analysis, successful technology management models have been recommended. Sravanti Ivaturi presented the paper, “Green Technology.” The researcher emphasized on the need for continuously evolving applications of knowledge for practical purpose which would enhance the technique for generating energy into eco-friendly products. Ekta Rastogi presented the paper, “Emerging Trends in Infrastructure Development in India with reference to Power Sector.” The researcher broadly examined the Indian power industry, significance of the role of private players and foreign investment in power sector. She further elaborated on the impact of the political conditions, PPPs, new strategies and reforms in regulating the oil and gas sector and significance of renewable sources of energy for power generation. The Valedictory address was delivered by Shri R.V. Verma, CMD, National Housing Bank. He said that the theme of IIC (interdependence, integration and co-creation) is relevant and is symbolic of ‘oneness’. Taking a synergistic view of strengths of different partners and increasing relevance of co-creation, are desirable for developing infrastructure, according to him. Dr. J. D. Singh, Director General, Jaipuria Institute of Management summed up the proceedings. Urging the students to start today, if they think they must do something, he said, “Tomorrow your work will be one-day old.” He summed up for the students by saying, “If you do not have capacities and capabilities, you cannot have a focus and strategy.” Dr. Manisha Seth, Conference Co-ordinator, delivered the vote of thanks. INVITED TALK Invited Talk the wonder that sanskrit is! we all want ‘peace’ in life; and yet never experience it... Shri Sampadanand Dr. Alok Pandey It is desirable that ‘ethics’, ‘human values’ and ‘the Indian culture’ are part and parcel of the management education we impart. In this direction, Shri Sampadanand ji, Director, Sri Aurobindo Foundation for Indian Culture (SAFIC) spoke on ‘The Wonder that is Sanskrit’ on November 11, 2011. Dr. Alok Pandey from Shri Aurobindo Society, Puducherry, is a psychiatrist, a poet, a philosopher and a great aspirant of yoga. He addressed the members of faculty and students on December 20, 2011. Shri Sampadanand ji informed the audience that after a lot of experimentation Sanskrit has been made compulsory in some Western countries. He said that those countries are convinced scientifically that knowing Sanskrit helps them perform well in Mathematics and Science. He added that a lot of precious knowledge of the discipline of Chemistry, Physics, Biology exists in Sanskrit. He further added that ‘Meditation’ and ‘Ayurveda’ have their roots in Sanskrit. Telling about Ayurveda, he recognized the contribution made by ancient scholars and scientists like Charak, Dhanvantari, Sushrut. He highlighted that structure-wise Sanskrit is a flawless language. According to the speaker, the language is scientific, systematic and is consciously designed. He said that Sanskrit is a non-translationable language and added that it can be interpreted. He concluded by saying, “Sanskrit adds excellence to all professions.” Speaking on the occasion, he said that the human body is composed of ‘water’ and ‘earth material’ in the proportion of 75: 25, representing the actual proportions in which they are found on the earth. According to the reverent speaker, this representation signifies ‘a constant connect between the world we live in and us’. Urging the audience to strengthen their relationship with the world, he advised them to find a ‘connect between feelings and actions’. He expressed his views on the ‘boundlessness of time’ and the ‘endlessness of space’. Exploring the rationality behind ‘dreams’, he said, “A dream is the language through which cosmic energy tries to express itself.” Explaining ‘evolution’, he said that we evolve consciously through education and unconsciously through lifeexperiences. He also said that ‘intuition’ is a faculty worth developing and exploring. He concluded by saying, “We all want ‘peace’ in life and yet never experience it,” and added, “We will experience peace only when we develop a strong bonding with the world we live in.” SEMINAR SERIES PLACEMENT CENTRIC ORIENTATION PROGRAMME A Placement-Centric Orientation Programme was held at Jaipuria Institute of Management, Lucknow on October 15, 2011, with the aim of making the students aware of the expectations of the business-organizations of today from a fresh management graduate who is preparing to join one such organization after completing graduation. The first session began with a warm welcome of Shri Asim Talukdar, Senior Vice President-HR, NIIT, by Prof. S. R. Musanna, Dean, Jaipuria Institute of Management and the chairperson for the first session, followed by the lighting of the ceremonial lamp. Shri Talukdar started his talk by saying that there prevails a huge gap between the expectations of an organization and that of the students, which needs to be filled with right kind of expectations. He highlighted the importance of discovering and capitalizing on one’s own ‘brand’ in order to be able to have a long term growth perspective. He added that it is the first one minute in a ten minutes’ interview which is the deciding factor for a candidate to be chosen. He concluded by saying that one should be able to provide ‘evidences’ for what one has done. The second session was initiated by Shri T. K. Panda, Head-HR, National payment Corporation of India, Mumbai. He expressed that having the knowledge of HR is important for everyone irrespective of one’s area of specialization or expertise. He added that there is a huge paradigm-shift which is taking place in the banking industry. He further added that this shift is opening huge opportunities for management graduates. The third session was presided over by Dr. Virendra. P. Singh, Executive Director – HR & Chief Pupil, RJ Corp./ Devyani International Limited/ Devyani Food Street Limited. The speaker emphasized that every individual must have the capacity to think with a marketing perspective. He also stated that knowing one’s ‘Locus of Control’ is very important for an individual. He added that ‘out-of-box thinking’ is required and appreciated everywhere in today’s context. He closed the session by highlighting the importance of being emotionally intelligent in today’s scenario. The final session was addressed by Shri Anshumal Dixit, Head-HR, Patni Computers. He discussed some of the basic things that one must keep in mind while appearing for an interview. He added that the presentation plays a very important role in the hiring process. He concluded by saying that ‘handling of pressure’ and ‘stressmanagement’ help one go a long way in the corporate world. The valedictory address was given by Dr. Anupam Rastogi, Director, Jaipuria Institute of Management, Lucknow. He talked about the importance of ‘mobility’ for a fresh management graduate. He closed the session by saying, “One’s first job is not really the kind of job one will end up with ultimately, rather, it is just a start-up that one gets.” SEMINAR SERIES organized retail in india With an objective to strengthen industry-institute linkage and in line with the vision of Jaipuria Institute of Management, of producing industry-ready management professionals, a half-day long, managerial challenges seminar was organized on “Organized Retail in India: Challenges, Growth and Future prospects,” on November 12, 2011. (From left to right) Mr. Vijender Singh, Unit Head and Customer Care Associate, Shoppers Stop, Lucknow; Mr. Ashish, Asst. Stores Manager, Food Section, Big Bazaar Lucknow; Mr. Himanshu Misra, Faculty Member, Jaipuria Institute of Management, Lucknow; Prof. Dheeraj Misra, Associate Dean, Jaipuria Institute of Management, Lucknow; Mr. Narendra Singh, Asst. Stores Manager, Non Food Section, Big Bazaar, Lucknow and Mr. Nidhi Pande, Deputy General Manager, Sahara India- Products Division. The seminar started with the welcome address by Prof. Dheeraj Misra, Associate Dean, Jaipuria Institute of Management, Lucknow. He talked about the similarity between the retail sector and mutual funds operations, wherein both are trying to reduce the risk and maximize the returns. Leading retail professionals from the city participated in the seminar. Speaking on the occasion Mr. Vijender Singh, Customer Care Associate and Unit Head of Shoppers Stop, talked about the growth of organized retail sector in India and its future prospects. He also discussed the increasing popularity of foreign fashionable brands in India and increasing inspirational levels of the Indian customer. Mr. Ashish and Narendra Singh from Future Group, talked about the behavior of the Indian customer and his preference for kirana stores. They also talked about the challenges faced by online retailers and the touch and feel mentality of Indian customers before making a purchase. Mr. Nidhi Pande, Deputy General Manager, Sahara India Parivaar talked about the relevance of Product, Place, Price, Promotion and People in the success of business operations. He further said that every business is a business of retail and the underlying success of retail operations is driven by the fact that how quickly the stock moves out of the store. He further talked about the challenges and the role of government policies for the organized retail sector. Talking about the human resource requirement in this sector, Prof. Himanshu Misra briefed the students regarding the job profiles and tremendous job opportunities in this sector. He also proposed the vote of thanks for the reverent speakers. SEMINAR SERIES banking, finance and it A seminar was held on December 17, 2011 the theme, “Banking, Finance and IT sectors” The objective of the seminar was to give the students an overview of the contemporary developments taking place in Banking, Finance and IT sectors and familiarize them with the career opportunities existing for them in these sectors. The session began with the welcome speech by Prof. Shyamji Mehrotra, Prefessor- incharge, Training & Placement, Jaipuria Institute of Management, Lucknow. financial institution majorly into lending business. He talked about how Public Sector banks are offering cut-throat competition to Private Sector players. He stated that in the current scenario of weakened rupee and gloomy markets, the biggest managerial challenge is to retain employees. Summing up, he called upon the students to “be the One in the crowd.” Mr. Pravin K. Bansal, General Manager, Union Bank of India, Lucknow who was instrumental in forming the joint venture for Insurance between UBI & Dai-ichi Mutual Life of Japan was the first speaker. He stated that Union Bank of India is way ahead in technology when it comes to the banking sector in India. Laying emphasis on the growing employment opportunities in the banking sector, he shared that in the next five years, 60-65% employees will be retiring and urged the students to make a firm choice of the sector they want to go to. Ms. Pratima Trivedi, Chief Manager, Punjab National Bank, Lucknow and an MBA in finance and marketing with an experience of 27 years in the banking industry, was the last speaker for the day. According to her, in the current scenario where the buzzword is “financial inclusion”, the major challenge before the managers is: educating rural customers about the various plans and schemes. She ended up by saying that aspiring IT managers need to be aware of basic banking policies and guidelines. Mr. Sanjiv Jha, Zonal Sales Manager, Magma Fin Corp, Ltd. started with a brief introduction about his organization which is a non-banking Vote of thanks was proposed by Dr. Ankit Mehrotra, Asst. Professor, Jaipuria Institute of Management, Lucknow. ACTIVITIES Alumni Guest Lecture Series A few lecture-sessions were held on October 17, 2011 on the theme “A Rendezvous with the Corporate World.” The speakers were pass-outs of 1999 batch. Ms Smita Singh, Assistant Professor in the Institute of Management Sciences of Lucknow University, highlighted the importance of being patient. She discussed the importance of ‘team work’ in professional life. She urged the students to take up challenging objectives in life. Mr. Sharad Gupta, Regional Manager in ICICI Bank shared his experiences with the students. He emphasized on the importance of consistently improving performance. He advised the students to participate in various activities to enhance their interpersonal skills. Mr Paritosh Joshi, presently working as Regional Head Corporate & Institutional Banking for the State of Uttar Pradesh & Uttarakhand talked about the cut-throat competition pervading the corporate sector. He emphasized on the point that to beat the competition one should be proactive and should grab every opportunity. Mr. Manish Raitani, an entrepreneur, emphasized on the importance of ‘passion’ for an entrepreneur. He shared with the students various challenges which one should be prepared to face as an entrepreneur. He said that hard work and honesty are necessary for being successful. A lecture-session was held on December 23, 2011 on the theme “A Rendezvous with the Corporate World.” The speakers were Mr. Praveen Srivastava and Mr.Upendra Nath Shukla. Mr. Praveen Srivastava, a pass-out from 1999 batch, is presently working with Mahindra & Mahindra as Deputy Area Manager, Sales & Marketing, Mahindra Poweral. While sharing his experiences with the students, he emphasized on the point that one should grab the opportunities as they come along the way. One should learn to take challenges and learn new things to grow in life, said he. To be successful one should move beyond the comfort zone and explore new territories, he added. Mr. Upendra Nath Shukla ,a pass-out of 1999 batch, is currently working with ICICI Prudential Life Insurance, Lucknow as a Branch Manager, Customer Services.He shared with the students his views on what does the corporate sector expect of its managers. He emphasized on the fact that one should be continuous and consistent in the work. The five key elements of success, which he stated, are: (i) Knowledge (ii) Interpersonal skills (iii) Quick learning (iv) Punctuality and (v) Taking responsibility for one’s mistakes. WORKSHOP TEAM BUILDING WORKSHOP A teambuilding workshop was organized for the faculty of Jaipuria Institute of Management, Lucknow at hotel Lineage on October 29 and October 30, 2011. The workshop was conducted by Dr. Anoop Singh, Director, Jaipuria Institute of Management, Noida. Role of planning, coordinating, out-of-box thinking, creating synergy and reviewing in building cohesive teams, was illustrated beautifully in the workshop. Importance of individual commitment, trust and feedback in building strong ties among the group members, was also highlighted. Certain issues, like ‘inter-functional coordination’, having a ‘holistic approach’, having smaller ‘learning curve’ and role of ‘collegiality’ were also discussed with reference to team-performance. Dr. Singh exemplified various issues which are important moderators of the relationship between ‘what is taught’ and ‘what is learnt’ through various experiential exercises. Towards the close of the workshop Jaipuria, Lucknow emerged as (i) a learning organization; (ii) a cohesive team; and (iii) set to explore the alternatives of team-research and teamteaching. Dr. Anupam Rastogi , while thanking Dr. Anoop Singh, said that a management institute is the best example of a learning organization. He acknowledged the role of Interdependence, Continuous Discussion and Trust in team-building. GLIMPSES OF THE TEAM-BUILDING WORKSHOP AT HOTEL LINEAGE, LUCKNOW WORKSHOP The Reorientation Programme A reorientation programme was held at Jaipuria Institute of Management, Lucknow on December 27-28, 2011 to reinforce that we have to move towards ‘student-centricity’ in all our endeavours. Dr. J. D. Singh, Director General, Jaipuria Institute of Management expressed his views on the “Changing World of B-Schools and the Role of Studentcentricity.” He said, “We have picked up the pencil once again, sharpened it so that we can write more flawlessly.” He stressed that the difference between ‘faculty’ and ‘non-faculty’ should disappear so that we whole-heartedly focus on our stake-holder- ‘students’. Studentcentricity, according to him, is envisaged when there is an increase in some of the parameters, like (i) intellectual enrichment (ii) engagement (iii) empowerment and (iv) employability. He also highlighted the role of ‘employee-ownership’, ‘team-work’ and ‘effective changemanagement’ in this regard. Talking about ‘student-centric learning’, he highlighted the following things: (i) It is a continuous on-going improvement process; (ii) It requires a positive attitude by teachers and students for improving learning experience; (iii) It looks for a relationship of mutual assertiveness between teachers and students; (iv) It is the teachers’ responsibility to empower students; (v) It needs a focus on learning outcomes; (vi) It rests on high student-choice; (vii) It grows with active participation of students; and (viii)It is based on student empowerment. He expressed that students can be made more active in acquiring knowledge and skills by shifting the focus from ‘what they are doing’ to ‘why they are doing’. He recognized the role of ‘interaction’ and ‘transferable skills’ in this regard. He said, “Changing the face can change nothing, but facing the change can change everything.” Dr. Singh highlighted that growth is the result of ‘consolidation’ and ‘expansion’ and pointed out the role that ‘diagnosis’ and ‘fixing of gaps’ play in this regard. Describing the fast-changing MBA market-place, he stressed that the focus should be on (i) student-centricity, learningfacilitation and industry-ready graduates (ii) Closer industry-academia network (iii)delightful student-experience on the campus (iv) faculty contribution to management literature especially in new industry/ sector/ discipline and (vi)credible visibility plan of the brand. Dr. Singh also threw some light on the ‘changing landscape of management-education’. He discussed the role of changing technology, changing dynamics of industry, changing organizational challenges; and said, “Those who do not change get changed.” Dr. Anoop Singh, Director, Jaipuria Institute of Management, Noida, highlighted the ‘importance of working collaboratively with the students’. Referring to ‘fixedness in thinking’ as a result of our experiences, he said, “We do not walk free on this earth, we carry our baggage of experiences.” He suggested that we must move from ‘poor learning’ to ‘peerlearning’; ‘instruction’ to ‘facilitation’ and ‘application’; nonresponsiveness’ to ‘empathy and association’; ‘focus on covering syllabus’ to ‘learning to facilitate’; ‘contextual teaching’ to ‘manage motivation’; and ‘teacher-centric’ to ‘student-centric’. He also threw some light on ‘enhancing student-engagement’. He urged the members of the faculty, “to be a teacher who reaches, rather than teaches.” Shri Prabhat Pankaj, Officiating Director, Jaipuria Institute of Management, Indore, talked about the contrast of education-scenario ‘then’ and ‘now’. He very beautifully brought forth the issues and challenges that stand today. Prof. S.R. Musanna, Director, Jaipuria Institute of Management, Lucknow, exemplified through some activities, the essentials of teambuilding and its absolute necessity in a learning organization. Discussing the role of ‘status-incongruence’, he stressed that the focus should always be on the ‘process and role’ and not on ‘status differences’. He also discussed the importance of ‘equity and transparency’ in developing a high-performing organization. ACTIVITIES “The Youth has moved from Encyclopedia Britannica to Wikipedia” Times AMS Debate 2011 Jaipuria Institute of Management, Lucknow held Times AMS debate 2011 on October 15, 2011. The topic for the debate was: “Youth today is more enlightened.” Dr. Anupam Rastogi, Director, Jaipuria Institute of Management, Lucknow said on the occasion, that the most important aspect of a youth’s life should be ‘expression’ in these fast-changing times. The colleges that participated included Indian Institute of Technology, Kanpur; Gaur Hari Singhania Institute of Management, Kanpur; Banaras Hindu University, Banaras; Motilal Nehru Institute of Technology, Allahabad; Indian Institute of Information Technology, Allahabad; Madam Mohan Malviya Engineering Colllege, Gorakhpur; Indian Institute of Management Lucknow; Sri Ram Swaroop Memorial College, Lucknow; Department of Business Administration, Lucknow University; Institute of Management Sciences, Lucknow University; Amity Business School, Lucknow; and Jaipuria Institute of Management, Lucknow. Participants defined the ‘youth’ as ‘a clay pot which takes the shape given to it’. Some defined it as ‘a state of mind and not a time of life’. ‘Enlightenment’ was defined by the debaters as ‘a multi-way process’ which they associated with power of reasoning, knowledge, wisdom and openness. Participants speaking ‘For’ the motion, discussed about certain special characteristics of today’s youth, like innovative skills, enthusiasm, change-orientation, flexibility and instant-gratification. They also talked about the youth’s impatience to experiment and strict goalorientation. Participants speaking ‘Against’ the motion spoke about their violent behavior, dependence, confusion, chaos, greed, corruption, impulsive decision-making, disrespect for elders, drugaddiction, cultural degradation and the like. Participants stressed that we should take good things from the past to advance further. They emphasized that “the talent of the youth, coupled with wisdom and experience of the elderly,” can open all dead-locks and provide direction in life. The winning team was from Indian Institute of Management, Lucknow, followed by the runner-up team from Motilal Nehru Institute of Technology, Allahabad. The prizes for the Best Speakers, (‘Against’ and ‘For’ the motion) went to IIT, Kanpur and IIM, Lucknow, (respectively).The prizes for the Second-best Speakers (‘Against’ and ‘For’ the motion) were bagged by IIM, Lucknow and IIIT, Allahabad (respectively). Shri Awanish K. Awasthi, IAS, Secretary, Higher Education, Govt. of U.P., while addressing the audience said, “Enlightenment is making the right choice and moving in the right direction.” He urged the youth “to achieve enlightenment in the real sense of the word.” ACTIVITIES OJAS 2011 A Jaipuria Fest October 20-22, 2011 OJAS is all India inter-collegiate JIM festival and is celebrated with great zeal and enthusiasm every year. ‘OJAS’ refers to an invisible source of strength, energy and vitality in the human body. It is the source of physical and mental strength. OJAS 2011 was organized as a reflection of this sense of this divine energy with its epi-center being the Jaipuria Institute of Management, Lucknow. The most awaited event, with a number of activities spread over three days, started off in a grand manner with its formal inauguration on October 19 evening with a mesmerizing quawwali. Students from various business schools, universities and other institutions, such as Amity Business School, Lucknow; Babu Banarasi Das National Institute of Technology & Management, Lucknow; Integral University, Lucknow; University of Lucknow, Lucknow; Avadh Girls’ Degree College, Lucknow; Azad Institute of Technology, Lucknow; Jagaran Institute of Management, Kanpur; Bora Institute of Management, Lucknow; Lotus Institute of Management, Bareilly; ICCMRT, Lucknow; Sherwood College, Lucknow; Bhatkhande Music University, Lucknow; DPS Kalyanpur, Kanpur; RR Institute of Technology; Ambalika Institute of Management & Technology, Lucknow; Unity College, Lucknow etc. participated in the festival to show their forte and unleash their creativity in various activities and games. The Cultural Event (Pratibimb): The event included activities like collage-making, face-painting, rangoli-making, stage-play, Ad -Mad Show, street play, antakshari, RJ hunt, singing and dance performances. War of Bands was also one of the major attractions. The Academic Event (Antardrishti): The event included Marketing Games, Business Idea, HR games, Buffet Mania, Debate, Create a Brand, B Quiz, Create a Brand, JAM etc. The thinking pattern and intellect of managers-to-be was reflected in various games. The Sports Events (Pratispardha): The event included Basket ball, Cricket, Football, Volley ball, Badminton, Athletics, Table Tennis, Carom and Chess. A variety of food stalls opened shops on the campus to cater to the taste palette of the students and faculty members. The main sponsors for OJAS 2011 were Union Bank of India and Hero Moto Corp. Vodafone, MTS, Globus, Hindustan Times, Pepsi, Dominos, Barista, Fashion4U, OJAS Private Ltd., Kritnu IT Solutions Pvt. Ltd., Red FM, Freshers’ World, Nestle, Koncoction, Mint and Crossword were event sponsors. These outlets kept the campus full of energy round the clock. OJAS 2011 Highlights On the third day of the event, results of various events were announced and prize distribution took place. OJAS 2011, with much fun and frolic, came to a happy end with a promise to come again the next year. ACTIVITIES Students distributing clothes and blankets to the needy as part of the UDAAN endeavour. U D A A N The social Initiative On December 25, 2011, the holy evening of Christmas, clothes and blankets were distributed by students of Jaipuria Institute of Management, Lucknow to the people of nearby slum areas (Daalibaag, Baalu Adda and Hanuman Setu) in the city of Lucknow. This event was conducted under the social initiative programme of the Institute named "UDAAN". "UDAAN" is currently run by the students of Jaipuria Institute of Management, Lucknow. In this programme, students of the Institute teach the children of nearby slum areas, assist the slum-dwellers in opening “no-frill” accounts in banks and raise funds to help them. ACTIVITIES Akash Tablet is going to be made available to students at the rate of Rs. 1500 per Tablet in India in a couple of months from now. The product was launched by Shri Kapil Sibal, Central Cabinet Minister a few days back. AKASH TABLET A TRAIL RUN @ JAIPURIA LUCKNOW Jaipuria Institute of Management, Lucknow is participating in the testrun of Akash Tablet. Fifty students were shortlisted as volunteers to use it and to find out difficulties in operating the Tablet, during its trial-run. From among volunteer-students, five volunteers were sent, for hands- on-training at IIT, Jodhpur between November 9, 2011 to November 14, 2011.On their return, they have been mentoring remaining student- volunteers regarding the use of the Tablet. The project is being co-ordinated by Shri Vinod Kumar Chib, a member of the faculty, Jaipuria, Lucknow. CELEBRATIONS SAMAYANTAR The Annual Alumni Meet Prof. S.R. Musanna, Director, Jaipuria Institute of Management, Lucknow, welcomed the alumni in the Business Session and urged them to always remain connected with their alma mater. Prof. Dheeraj Misra, Dean, Jaipuria institute of Management, Lucknow, expressed his happiness to meet alumni in large numbers on this day of the year and showed his keenness to receive feedback regarding Jaipuria Institute of Management’s performance. He noted that as practice in the business world changes, new theories come up and a management school must fill that gap. The following suggestions came up from the alumni for the outgoing second-year and aspirant first-year students: (i) Change your attitude to a positive one and be ready to work at the ground-level; (ii) Do SWOT analysis, and know thyself; (iii) Be good readers; (iv)Learn the art of relationship-building; and (v) Actively participate in discusions about business issues/ business jargon. The alumni named a few subjects that should be introduced at the PGDM programme-level: (i)Business Ethics; (ii)Corporate Governance; (iii)Environmental Issues; (iv) Talent Management; and (v)Competency Development.They suggested that the subject, Corporate Governance, should be taught taking an interdisciplinary perspective through guest lectures. According to them, Tax (the subject) can be best taught through a one-day workshop. The alumni suggested that Summer-Internship is like a mini-job which may culminate into a placement-offer later. They urged the students to take their summer-internship seriously and advised the college to have constant vigil. They also recognized the role of ‘mentoring’ during the summer-internship period. SummerInternships should be arranged according to one’s sectoral and functional preference, suggested they. They also came up with a few suggestions to develop a strong alumni network. The suggestions were: establishing town-wise alumni networks, holding alumni meetings town-wise by alumni who are based in that town, editing the records when permanent movement of an alumnus takes place and the like. A video-‘It’s Yesterday Once Again’ was also shown to re-live the warm-past years once again. Vote of thanks was proposed by Dr. Manisha Seth. In the evening there was a fun-filled, exciting event at the Hotel Clarks Avadh which the alumni faculty and staff thoroughly enjoyed.It was followed by a sumptuous dinner and cocktail. FACULTY ACTIVITIES Faculty Activities Rashmi Chaudhary & Sumi Khare convened meeting, Dr. J.D. Singh, Director General, Jaipuria Institute of Management, emphasized the role and responsibilities of students, faculty and staff members to build an institute of international repute. Presented a paper titled, “Examining the Application of Linter’s Dividend Model in the Indian Pharmaceutical Sector,” in IFC 2011, held at IIM, Bangalore, on Dec 21-23, 2011. Prof. Musanna is the first member of the faculty of Jaipuria Institute of Management, Lucknow, having joined in the year 1995 as a member of the faculty in the area of Human Resource Management. Shubhendra S. Parihar Prof. Musanna is a much sought-after member of the faculty and a known trainer in the corporate sector. He has been an adjunct faculty at IIM, Lucknow, Great Lakes, Chennai and host of other professional bodies across India. He has credible publications in the form of papers in prestigious journals. He is also the member of Technical Expert Committee of State Planning Commission, U.P. He has extensively travelled overseas in connection with academic conferences, seminars and sports broadcast. He is a national broadcaster on AIR and Doordarshan having broadcast commentaries in World Cup Hockey and test and ODI cricket matches. Papers Presented/ Accepted for Presentation Presented a paper titled, “Analysis of Factors Affecting Mobile Banking Adoption: An Investigation among Indian Users,” in a National Seminar organized by School of Management Sciences, Lucknow, on the theme ‘Growth of the Indian Banking Industry: A Roadmap for the Future’ on October 16, 2011. Paper titled, “Mobile Phones Infrastructure and Marketing Innovations,” has been accepted for presentation in an International Seminar organized by Deen Dayal Petroleum University, Gandhi Nagar, on the theme ‘Energy & Infrastructure’, on January 3 and 4, 2012. Honours Accorded Professor S.R. Musanna, a member of the faculty in the area of Human Resource Management and Dean of Jaipuria, Lucknow, was elevated to the position of Director of the Institute and Dr.Dheeraj Misra, a member of the faculty in the area of Finance and Accounting and Associate Dean of the college was elevated to the position of Dean of the Institute on December 13, 2011. Dr. Dheeraj Misra is a Ph.D. from IIT, Kanpur and has been serving the organization since January, 1999. He has published/presented more than 25 research papers in reputed national/international journals and conferences. He has been the advisor to the examination committee and was the member of the examination board, education board and future education strategic committee of the Institute of Actuaries of India. Dr. Misra has also conducted various MDP programmes for the corporate sector and the state government. New Joinee Announcing these decisions of the management in a specially Ms. Abha R. Dixit joined as Assistant Professor III in the area of Business Communication on December 21, 2011. Visited to : HEIG-VD University in Switzerland as part of student exchange program Duration : June 2 – 25, 2011 (22 days) Students : Priyanka Jain, Gaurav Shreshth (Jaipuria, Lucknow), Parul Nigam and Prabin Sahu (Jaipuria, Noida) The 10 hour flight to Switzerland kept all of us engaged in just one thought, “what actually will happen in next 22 days of our lives”. The first sight of our destination (Geneva) just made us say “wow”. The magazine at the airport mentioned that covering 41,290 square kilometers, Switzerland is a transition point between northern and southern Europe and between Germanic and Latin cultures. And this was what we were yet to experience. Switzerland had a great deal to offer: cultural diversity, multilingualism, and stunning scenery and, of course, its people. We were fortunate to get this memorable chance to discover what "Life in Switzerland" is really like. The country can be divided into 4 zones based upon the language (French, Swiss-German, Italian) dominating each of the zones. The trip made us taste each diverse bit of Swiss culture and cuisine. It started from the lessons on intercultural competence, and interactive French learning classes with live chat experiences with people on the street. After being divided into cross cultural teams, we were made to visit 3 Swiss companies (Logitech, Merck Serono, and Bourneville) to identify the major challenges and issues in their supply chain operations, and view them with respect to the national spectrum. The short trips planned in the weekends helped us in getting more close to the soul of the country. The majestic beauty of Switzerland, with its potcard ready scenes is completely breathtaking. Unlike Asians, the people over there are far more active, open minded, respect privacy, and are damn punctual and eagerly ready to help. Even if they don’t understand your language, they will go out of the way to solve your problem. The amazingly super-fast, timely and techno savvy public transport system was impressive. I remember the train in which we were supposed to board, daily in the morning, was scheduled at 7:43 and it left the platform on 7:46. Among all these beautiful memories, there was something that made us suffer too. Oh god, all of us missed the Indian food, even more than that we missed our families. The weird food items on the menu, the boiled vegetables served with some unique horrible tasting rice and spinach salad, the non-veg food always comprising of pork (not meant to be eaten by most of us), made us starve for weeks. I was actually in love with my maggi and MTR food packets which soon got consumed up. Regional and local culinary specialties generally were based on a traditional type of cooking, rich in calories and fat. However the Swiss souvenirs will surely make anyone go crazy for them, the amazing flavors of chocolates, the yummy cheese, and the symbolic cow with a bell in its neck, the Swiss bells, ultimately made our baggage even heavier. Take away from the trip: The encounter with Switzerland helped us in developing intercultural competence by enhancing our skills in the area of language proficiency, regional expertise and learning to coordinate with people from variant cultures and lifestyles. We need to leverage global virtual teams through intercultural curiosity, sensitivity, and respect. Patron : Shri. Sharad Jaipuria Chief Editor : Prof. S. R. Musanna Editor : Dr. Jaya Chitranshi Editorial Assistance rendered by : Dr. Reeti Agarwal Student Coordinators : Bilal Ahmed Siddiqui Poorti Sajwan Published by Jaipuria Institute of Management, Lucknow Vineet Khand, Gomtinagar, Lucknow 226 010 P. +91 522 2394296-97, +91 522 2398096 F. +91 522 2394295