Induction of IPMX05

The fifth batch of IPMX (2012-2013) commenced on April 9^th, 2012. The batch is composed of a total of 68 students with an average 8.5 years of experience. The student body is a mix of experienced professionals coming from sectors  such as IT, Automobile, Oil & Gas, Insurance, Banking Services, PSUs, Travel & Tourism, Medical Services, Semi-Conductor and Army. The induction module was conducted from 9^th April 2012 to 11^th April 2012.



Induction module started with a Welcome speech and IIML pledge by Prof Archana Shukla, Dean NC and Chairperson, IPMX, followed by an Inaugural address by Mr. Vivek Subramanyam,   CEO, iCreate Software. In his inspirational address to the students, Mr. Subramanyam urged the students to instill in them an entrepreneurial spirit. His speech interspersed with personal anecdotes and interesting examples underscored the immense significance of pursuing one’s dreams with full conviction and passion. Later, Prof Sushil Kumar emphasised on the emerging trends in management education. The evening closed with an interactive session with the alumni where they shared their experiences and set the expectations for the new batch.



On the second day of the Induction module, Dr. Devi Singh, Director IIML welcomed the students and shared his thoughts on the emerging global business challenges for the senior managers.  On the third and the final day of the induction, Prof Archana Shukla took a session on transitioning to IIML way of life and familiarized the batch with IPMX program.

Regular classes of the batch started on April 12, 2012.

- Charu Kanwar

Media Committee, IPMX05

IIM L'Store - A Dream Turned Into Reality

Greetings from L’Store! A way to “Experience the IIML brand”! It is a great pleasure for us to share the small story of our journey to the entire IIM Lucknow fraternity.

We began our endeavour as a group of 8 students from the IPMX-04 batch wanting to pursue some learning via a student driven entrepreneurship club. During our interaction over the weeks, we came across a nice statement by Peter Drucker that inspired us all; it says “Entrepreneurship is neither a science nor an art. It is a practice.” We indeed realized that we want to do something while we’re still in campus.



Our Vision has been solely to build the premier IIM Lucknow brand and thus we arrived at the idea of developing L’Store! We wanted to take our tagline, “Experience the IIML brand”, not only among the student fraternity but also beyond its boundaries!



This was just the idea and that too at a very nascent stage and we needed to give it shape. I must admit that each and every member of this team has put in enormous effort in the last 4 months in order to make this happen. We have undergone innumerable late night brainstorming sessions about the business model, visited various vendors to get the best quality products at the best possible prices.

I must admit that we have received enormous support from the faculty, students as well as the administrative staff of IIM Lucknow Noida campus and most importantly our respected Dean Prof. Archana Shukla, in our efforts to overcome every shortcoming along our path.

We then came to a juncture to find out a voice to reach out to maximum of our fellow students and what could have been more apt than a character that bears the spirit of IIM Lucknow. So came to life “LUCKY”, our mascot for the L’Store, a person whose only intention is to promote the IIML brand. We introduced LUCKY through all our communications, posters and mailers and also urged the batches to design a T–Shirt for LUCKY! It was truly humbling to find that we were flooded with responses and it strengthened our belief that LUCKY is indeed a pertinent representative for L’Store.

Finally, on 29th Sept 2011 8.00 PM, L’Store was formally inaugurated amidst a huge crowd of student supporters from IPMX, WMP and MDP programs running out of Noida campus. We were honoured by the presence of the faculty who inaugurated the event by the “Diya lighting”, ribbon cutting as well as the unveiling of the Facebook online store (http://www.facebook.com/iimlstore).

Ever since the inauguration, the L’Store has been flooded with orders not only at our physical store but also via prone, email and online purchase. It truly gives us a lot of support and enthusiasm.

I must say that we are still very young and we believe that our future holds a lot of surprises! We are bound to make mistakes, but we are confident that together with the support from the entire IIM Lucknow family we would learn from those mistakes and overcome all the hurdles. We would follow the vision of L’Store and reach out to the maximum number of people.

In conclusion, I would quote the famous words Henry Ford... “Coming together is a beginning. Keeping together is progress. Working together is success”

Prasun Roy
Member - L’Store team

Note From The Editor
Prasun, Rajbeer and Himanshu have subsequently ventured into their own online store - Brand Merchandise Solution, Check out their website  : http://www.gobranded.com/

 

CupShup @ IIM Lucknow

Incessant rains! It was past midnight! We, Rajkumar (our cook), chotu (helper), our small cafe, dog and the rain, all were on their duties. Suddenly a 2Rs. coin fell in the pit! We tried to a lot to find but in vain. A sad tinge sank in. When did I ever count that 2Rs. in my pocket? I guess it took some time to dawn upon me, running a business was a different ball game.

In no time, Cupshup, our small cafe in campus, became an integral part of our schedule in campus. More than subjects/classes, we waited cupshup time! But I guess Cupshup taught us much more than what they teach you in the class. We learnt the theory in class and practical in cupshup  But how can I forget, the journey to cupshup was quite an adventurous one!!

It started when I joined this course. But it took 3 long months to just form a team which made Cupshup stand in campus. And once stood, it shook us all!! Accounting, Inventory management, Operational challenges, Organization behavior, Team dynamics, marketing funda, Crisis Management all of it in one Cupshup class!

It was that day of our life in Cupshup class when all four of us thought of an operational strategy which we felt was a breakthrough idea!! And hence we made all the arrangements, starting from getting coupons printed to enhancing the layout of our cafe, for seamless operations (making sure all food items were ready and properly displayed over counters). And then.. We waited! And.. we waited! May be, it was only us who thought that it was a breakthrough approach!! Nevertheless, we learnt it hard way that marketing also plays its role and the ROI can’t be deduced the very next moment! Our operational strategy worked eventually (Word of Mouth did its trick) and people started pouring in. And then there was no looking back…

We skipped classes, we ran in breaks, we took permissions from profs to leave classes early, neither quizzes nor exams could pull us away from cupshup. A customer delight made our day and a dip in sale stirred us! Cupshup made our stay very exciting. Finally after 3 months, Cupshup learnt to sustain itself!



Then one day.., foggy weather, early morning, we, our small cafe and the dog were on duty. No, not our regular duty. Rajkumar (our cook) and chotu (helper) parted their ways. We were on our duty to hunt for new members for Cupshup!!

How could we miss to learn crisis management?! So here we were, wondering what to do with worker’s unrest at cupshup making headlines in IIM L Noida Campus!  But as I said, exciting times always stay @ Cupshup and with the help of other stakeholders, Cupshup is back again!



Nothing compares to this experience on the field! And what better than running your own small cafe inside the campus!

Do visit this small cafe Cupshup @ IIM L Noida Campus

Contributed by Vineeta Gupta (Class of IPMX 2012)

Kelley School of Business teaches IPMX 2011-2012 batch

The Kelley School of Business (Indiana University, USA) taught the IPMX Class-of-2012 at South East European University (SEEU) at Tetovo/ Skopje, Macedonia. This was a truly International immersion for all of us as a US B-School not only taught us at a relatively developing region of Europe but also sensitized us with a different Europe, which turned out to be really very courteous and warm host for all of us.



Some excerpts ..

----
30 November 2011

This week, November 28 thru December 3, 2011 SEEU is hosting a collaborative training event between Indiana University’s Kelley School of Business (IU KSB) and the Indian Institute of Management (IIM-L), from Lucknow, India.
This event is follows a cooperation agreement between IU and SEEU signed on 19 November between SEEU’s Rector, Prof. Dr. Zamir Dika and IU President, Prof. Dr. Michael A. McRobbie.

Every day this week, 67 students from India will be studying in an intensive one-week certificate program in business analytics with teaching support from known academic staff from the IU KSB. Professors from IU include: Prof. Dan Smith, KSB Dean, Prof. Rich Magjuka, Prof. Vijay Khatri, and others.

SEEU staff are also part of this event, supporting logistics and also taking part in specific sessions of the training.

This event illustrates once again that SEEU is becoming more of an international partner in higher education.

excerpted from : http://www.seeu.edu.mk/en/information/news-events?id=610



Photos courtesy Sachin Goyal - IPMX Class of 2012

--Posted by

Shashwat Srivastava

(Media Committee IPMX-04)

Udyam 2011- Day 2- Keynote Address by Hon. Justice C Joseph

Day 2 @ Udyam 2011 began with the keynote address by Hon. Justice C Joseph, Supreme Court of India.
Excerpts from Hon. Justice Joseph’s address is shared below
“Distinguished panellists, members of the faculty, my dear students and other participants, a very sensitive and controversial subject you have chosen. Being a sitting judge of the supreme court I have my limitations to express my views on matters that would come for consideration in court. Bearing in mind of my limitations I would share my views today.
This is a leadership summit; I believe that those who are invited to share their views here are perceived to be leaders in the society. I have also noticed that those who are invited are not in politics. It is heartening to know that there are people who realize that leaders are not confined to the politics but also outside that realm. Leadership can’t be restricted to politics. Unfortunately in our country, leadership takes the hues of being part of politics
I am happy that you have taken a wider perception of leadership. In our society there are too many leaders, but there are very few good leaders.
It is possible to go to internet and view the readings of the great men who have defined leadership, but I always felt that what my teacher in primary school told me still holds good and I have not come across a better learning during these 65 years.

My teacher told me that a good leader is one who knows the way, shows the way and goes the way.

We have many leaders who do not know anything, still there are many people who know nothing but show the way and go the way. It is this conflict between precept and practice that baffles the society”

Hon. Justice Joseph went on to share a story from his hometown about an Anti-Liquor Rally that was organized by Gandhi Peace organization, which got disrupted because one person who is notorious for his alcoholism came in front of the anti-liquor rally and demolished the very credibility of the rally by his act. He drew parallels from this story with the society of today, as the people who jump on the bandwagon of corruption today also do not have the same level of credibility to lead such a rally against corruption.

Any number of laws, judges, policemen and punishment would not eradicate corruption, if that would have been possible it would have been eradicated. People are so ingenious that they find a way to get out of law as soon as a new law is created. What is required is a change of heart as far as every individual is concerned which can only be achieved if there is a commitment to justice.

Justice Joseph eloquently described justice as follows
“Justice implies that everyone gets what he needs and none takes more than what he deserves. You deserve something as the outcome of what you have put in, no one should take more than what he deserves .In a just society it is not enough to live and let live, but we must try to live and help live others”

He further mentioned that justice demands concerns and compassion for others. If one helps to identify the just society in this way, it would help each one of us tackle the problem of corruption. Most often one indulges in corruption by choice, he has the other option of choosing opportunity and freedom to desist from being corrupt but for his own reasons he makes a choice to be corrupt.

From his experiences he had come to realize that even though corruption is all pervasive in India, we shall not ignore the positive aspects of our society and Justice Joseph urged the audience to think about the positives of our society as well, which often get overlooked and forgotten, and the negative side is exaggerated.
Justice Joseph said that there are many honest politicians, bureaucrats, social workers and businessmen who have been aiding in the development of India over the last 6 decades and we should not ignore or forget them in our anxiety to condemn what is wrong in the society.

Our focus should be to become prophets of hope rather than prophets of doom.

Finally Hon. Justice Joseph closed this extremely motivating and thought provoking keynote address by congratulating IIM Lucknow for organizing this discussion and hoped that it motivates us to play a more active role in eradicating corruption.

-By Saurabh
Event and Media Committee

Udyam 2011-Day1-Keynote Address by Mr. M.Damodaran

Udyam is a quest from IIM L to participate towards nation building and contribute in means and manner required by country at different stages of growth. So each year IIM Lucknow tries to bring to fore the issues that either paralyse our country or issues that are pertinent to the sustainable growth of our country.

The topics covered for this year's summit were

Innovation Led growth model for India
Corruption: By Choice or compulsion ?
Green Business: Enabling a sustainable future
Role of HR in imbibing CSR Culture in Organization


Day 1 of the annual leadership summit “Udyam 2011” started in the traditional way of lighting the lamp by Dean Archana Shukla and the chief guest for the day Mr M.Damodaran,former SEBI Chief.


Thereafter Mr M.Damodaran officially inaugurated the event by delivering the keynote address and illuminating the audience with his pearls of wisdom.

Mr. Damodaran started his address by mentioning that young women and men of India, should be at the centre stage of India’s growth and development effort. He said that he takes this opportunity to try and provoke the audience on where India is and where it can be if we all do the right things and where India would be if we don’t do those things.
He went on to talk briefly about each of the three areas which were part of the planned panel discussion in this leadership conclave.

On corruption he mentioned that we look at corruption as a standalone phenomenon that needs to be addressed, and focus more on symptoms rather than the disease. He mentioned that corruption is something that held his generation back as the older generation did not have access to information.He exhorted the virtues of the younger generation of constantly asking questions and appreciated this urge of the younger generation to understand what is unknown. Rather than being a nation of “Yes mans” we now need to develop a critical and analytical temper which helps in nation building.

Mr. Damodaran urged the audience to realize that the society is maligned by "acceptable corruption" and even enlightened, intelligent and articulate people don't question this.We should not be tricked by persuading oneself that there are only few problems which exist and we as a nation need to realize that there are a number of bumps along the way.

Mr.Damodaran further shared his views on Corporate Social Responsibility and how it has become a new trend in the Industry. However CSR should be expressed in terms of what it means, our outlook on CSR has not been clearly drawn out.
Events such as Udyam are held to ignite the minds of future leaders of India to think on how to shape the future of this country. He encouraged each member of the audience to believe in himself and tell oneself that no matter what your experience has been there is a leader each one of us.

He ended the keynote address stating that

"It is important that we allow the leader in each one of us to come out, fed on the right values and incentives and that is what conclaves of this kind foster".



-By Saurabh
Events and Media Committee

IIM Lucknow Presents -"Udyam"- The Leadership Summit !!!

Come November 4 and 5th 2011, IIM Lucknow's Noida Campus would play host to the annual leadership summit- "Udyam-2011"

“Udyam 2011” is IIM Lucknow's endeavour to provide a platform where eminent personalities from government, corporate world and society exchange thoughts on the topics that are going to shape the future of India Inc. Udyam is the leadership summit that addresses the most current issues that touch industry, politics and society.

The summit aims at providing a channel for confluence of ideas to surmount the challenges faced by industry, government and society.

Event Dates: 4-Nov-2011 to 5-Nov-2011
Venue: IIM Lucknow- Noida Campus

Please visit the main event website for details about the event and the program schedule:  http://www.iiml-udyam.com

Details of the Page are also available at : http://lifeatiimlipmx.wordpress.com/udyam-2011/