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VOL 1, ISSUE 2 SEPTEMBER 2010

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Heya!

We‟re back again with fresh

thoughts and a little hatke

ideas.

This month‟s newsletter

beings with an article from

the desk of Head, HR School

and proceeds to give the

news highlights. The next

article, casual & breezy,

comes from our alumni‟s

desk. Back Home @ IPE talks

about Samathi 2010. The

Dotted Line got signed by an

interesting abstract and out

of the ordinary lessons form

Don Vitto Corleone‟s story.

Checkout the praises

showered on IPE by the

distinguished guests of the

industry.

Happy Reading!

-The Editor

StrIPEs

pg no: 3

Industry

speaks for

IPE

Pg no: 11

Dotted Line

pg no: 13

Back home

@ IPE

Pg no: 8

πr²

…the 360º

perspective

Pg no: 6

News

highlights of

the month

Pg no: 5

Quiz

Pg no: 16

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Articles from our eminent faculty

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Role of Management Educational Institutions in

Building Talent

A few days back, a young neighbor of mine came rushing through my door, complaining of her parents not fulfilling her wishes of joining a desirable management institute. As a person from teaching fraternity I was able to understand the anxiety of the child in choosing her course and the institution of her dreams. In India, students applying to business schools often face a similar dilemma. Pages of newspapers are nowadays streaming with advertisements of various educational institutions. In the true sense many educational institutes are trying to make the optimum use of its infrastructure by opening a department of management education. One of the probable reasons maybe that somewhere down the line they believe that management education is the branch that requires the least investment. What does one need to start a management department? Classrooms, they are readily available, on the contrary they are underutilized. A few books, they are also available, definitely books related to UG and PG commerce courses are relevant to management education. Teachers? Yes, they also are available. A few of them may even agree to work for some nominal honorarium as it will be a source of extra income. Is it possible that one can run a good management course with such a set up? Every institute is striving hard to be able to achieve recognition from one or the other accreditation bodies. In the epoch of rat race among institutions, every institution claims to be the best. My question is, when it comes to management studies, what is more important the industry where most of the pass outs will lead their career or the academia where only a handful will get absorbed. Industries are looking for talent and are our educational institutions fulfilling the dearth of Talent in the market. Stan Davis & Christopher Meyer have expressed “When land was the productive asset, nations battled over it. The same is happening now for talented people.” Real competitive advantage comes from making a clear choice in the hiring of talent and the challenge lies in retaining them. Organizations are very particular when it comes to hiring the talent. We as a part of educational institutions claim to provide 100% placements to the students yet; a dilemma still exists on questioning the real fulfillment of the need of organizations. Most of the students leave the organizations before the organization can get its ROI. The blame game continues between organizations and academia. A Talent can be referred as an individual‟s natural ability, aptitude or capacity. It does not mean just those individuals in the organization with high intellectual capability. The role of management educational institutions in the contribution to Talent management in organization is high. As the journey of the „Talent‟ for organizations begins from the educational institute, the talent management process is inevitable for the institutions too. The role of management educational institutions is four fold: Identifying, Motivating, Mentoring Talent and Bridging gap

between the talent available and that needed by the industry. Identifying Talent is a challenging task as the right judgment at the initial stage helps the talent to be groomed as per the needs of the organization. Encouraging and motivating Talent at the learning phase helps to build confidence in ones self. Mentoring is required at all stages as a part of the education as it guides the Talent also one is able to identify the known and unknown window of self. Finally the role of bridging the gap between the industry and the talent is of importance as it makes it easier for the organizations to identify and attract Talents. Thus, the role of management educational institutions is crucial in building a talent network which the organizations can have faith on and pick up talent from.

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News Highlights of the Month

Cognizant eyes at buying Genpact

IT services firm Cognizant Technology

Solutions (CTS) has been in the process

of acquiring India‟s largest BPO,

Genpact. With the due diligence process

still on, if CTS ends up acquiring

Genpact, it would be one of the largest

technology deals in India. This deal

assumes substantial importance as the

combination of CTS and Genpact would

challenge the number two position of

Infosys, another major Indian IT firm.

While this comes as a very good

development for CTS to consolidate its

market position and increase its revenue

streams, it also poses a huge challenge

to other IT majors in the country.

However, it is unsure as to how

Cognizant could finance the expensive

purchase or how much stake it would

eye.

Mobile number portability: Will it be a

success?

Mobile Number Portability (MNP) —

which allows mobile subscribers to retain

their existing number while changing

operators — is on schedule to be rolled

out across the country on November 1st,

2010. The rollout of MNP has missed

previous deadlines with mobile operators

seeking additional time to put in place

the required infrastructure. New

regulations are to be put in place to curb

unsolicited calls, bulk SMS and also

telemarketing. Post-implementation of

MNP, it is to be noted that customer

loyalty programs will never ever be

transferred when a phone is ported from

one provider to another. Amidst all these,

what remains to be seen is if this would

be a success or would the episode of

Malaysia‟s MNP problems repeat in

India?

Does the shift to new WPI series help?

In India, inflation is calculated through

the price of a basket of wholesale goods

and services called the Wholesale Price

Index (WPI). The new WPI series came

into effect from September 14th, 2010.

The new index which has 2004-05 as the

base year, instead of 1993-94, has a total

of 676 commodities in the item list vis-à-

vis only 435 in the previous index with

over 50 per cent of the items being newly

added. This is the first step towards

aligning the inflation data with the GDP

and the IIP data both of which have

2004-05 as the base year, thereby, giving

a clearer and a more representative

picture of the Indian economy. The issue

to be pondered about is, does this help?

First of all, WPI is the wholesale price of

the goods and services and this is less

than the price of goods and services that

an actual end user (consumer) pays.

While the Consumer Price Index is a

better pointer of the actual situation in

the country, government cites several

problems associated with its calculation.

Therefore, using WPI becomes inevitable.

Against this background what‟s left to be

seen in the days to come is, if the new

WPI series is good enough to get the

actual picture? Or will it be similar to its

precursor, which showed easing figures

of inflation while the prices of articles

were actually soaring?

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Articles from industry experts/our alumni

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The First Day of My Work-Life!!

A gigantic building with ten floors, painted in beautiful red and sea green colours. Its breath taking dynamic structure and impeccable construction just made me dumbstruck. The security guard gave me a ‘this is surely the first time she is looking at a big building’ kind of a look. But I did not bother; I was admiring the structure that stood tall and dynamic which was spreading its arms and beckoning me. I could see countless people just pass in and out of the building. The security guard then thrust an entry pass into my hands and asked me to give my belongings for the so called ‘security check’. I looked at the pass, it read ‘H’ building, 3rd floor. There were cluster of buildings that were fairly similar. Then a thought dawned upon me as to ‘what does an ‘H’ building mean? Does it look like an ‘H’ or was it its nick name?’

Then I looked around for help. Alas!! There was none. I got into a building which more or less looked like an ‘H’ and reached 3rd floor. It was a huge lobby with a beautifully decorated antique aquarium to its right and a help desk at the entrance. The receptionist beamed at me and asked me if she could be of any help. Then I handed out the entry pass and her smile vanished and said- ‘Sorry maa’m this is not the building that you are looking for, there is no such building called H here’.

I could feel my heart thumping, I was worried whether I came to the wrong place altogether. The security guard peeped into the pass and exclaimed that the building’s name is called ‘Auriga’ which is adjacent to this building. I thought to myself ’Yippee! I did come to the right place’. Then I started to walk towards that building then ‘zhat- my slipper broke’. I felt helpless; I was not able to walk. The slipper seem to mock at me but I did not bother. I dragged myself to that building and reached the appropriate place. Irony took turns to tease me; there were no security guards at the entrance. It was increasingly difficult to digest, yet I waited.

After half an hour of eternal waiting the blessed guard arrives and finally he showed me in. It was a huge bay with numerous cubicles, people were busy oblivious of their surroundings. Some were brooding, some pouring their heart out to their boss, some laughing, some worried; it was enthralling to see so many emotions at a glance. Suddenly I found them turn towards me. Then I realized the screeching noise when I walked, but I couldn’t help. I ignored the grins and walked. Finally I got into my bay, where I would be working. A gleeful feeling swept my heart. I could neither remember the turn of events nor the noise of the slipper. My boss smiled at me and said-‘Welcome to Cognizant’. Well that was the first and a memorable day of my work-life!!

Henceforth, life has been a happily-busy-learning experience each day. With placements commencing the month after, I wish all my juniors best of luck. Buckle-up and get ready to take over the world with a storm. It’s your turn to GET SET GO!

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Articles about events that happen @ IPE

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Samathi 2010 @ Institute of Public Enterprise

Authored by Sai Kumari Nagaraj, 1st semester student of PGDM Biotechnology

Samathi Time!!!!! The time when the finest of the fine minds come together to fine tune their future by tuning in all

the intelligence, innovativeness, creativity and other managerial skills. All this happens at the Institute of Public

Enterprise, one of the premier institutions that offer management education. It caters to what it promises. The institute,

established in the year 1964, takes every effort in making sure that the future managers are nurtured, trained and

polished to face the corporate world that awaits them. Samathi is just one such effort. It is one of the most awaited

events at the institute.

‘Samathi 2010 …Meeting of the finest minds’ commenced on September 14th 2010 and went on to enrich minds until

September 24th 2010.

Samathi is organized by the students of the post graduate programmes with the coordination of the esteemed

faculty of the institute. This programme is exclusive to the freshers who learn different aspects of management by the

number of competitions that are planned for them by their seniors. This time these competitions were held through a

span of a month. Stretched for a period of ten days the Samathi focused on various functional domains. On these days,

industry stalwarts, who included five alumnus of the institute graced these events and interacted with the students.

Interactive sessions were planned from 2:00 pm to 5:00 pm every such day. Finance Samathi saw the light of the

series of events and was followed by Banking, International Business, Biotechnology, Systems, HR, Operations,

Marketing and Retail Samathi. Each day was dedicated to one particular domain of management.

The senior students managed the complete event. They were the ones who approached the industry higher-

ups and invited them to the campus. Planning out the programme, arranging for it and the complete responsibility; be

it finance, hospitality, administration etc was managed by them. All this was done with the guidance of the faculty.

The juniors had a plethora of competitions to take part i.e. almost 35 different competitions. Samathi 2010

was a series of both formal and informal events. Participation in the informal events was learning via fun. Cacophony,

JAM, Curtain raiser, Best out of the waste, T-shirt painting etc gave an innovative scope with loads of fun and

laughter that rang around in the campus. Paper presentations, Case study analysis, Uplifting sick companies etc were

few of the formal events. Mock-stress-interview was another event that brought-in a lot of confidence and a first hand

experience of the interaction between an interviewee and an interviewer. The first year students could address and

discuss a varied range of topics that covered all the principles and concepts of management. It worked out to be a

perfect introduction to subjects with the best from the industry giving their inputs. The students of the first year

showed great enthusiasm in taking part in almost all the events. Samathi at IPE offers a huge opportunity for the

budding managers to showcase their skills, talent and managerial ability.

Every Samathi was conducted with a theme and each addressed a specific issue in its respective domain. The

audience was welcomed with a rangoli that was designed according to the theme of the day’s event. The students took

extreme interest in decorating the auditorium too, something that was done beautifully and which was never left

unappreciated. International Business and Biotechnology management organized its Samathi for the very first time

commemorating the first anniversary of the introduction of these PG programmes at IPE. Biotech Samathi also

celebrated to be the first of its kind in India.

The guests invited spoke about the scenario in the world of business and how students need to mould

themselves in order to become apt for the industry. They also gave their insights regarding different issues, prospects

and challenges that each domain faces today and how they should be tackled. Few others spoke about what are the

different criteria that are looked into employing candidates and the different tools that are used to select them. In all,

the students got a brief idea as to what is expected of them in the industry and what it takes it to make it big career

wise.

Personally, as a fresher, it was overwhelming to witness and take part in such an intellectual event. These ten

days have taught us a lot. I now completely go by the belief that the four walls of the classroom aren’t the only place

where learning can be attained. Explore further and there is an ocean of learning which awaits you. Overall

development is the key to success and yes, Samathi at IPE has always been proving this point and will continue to

prove it to be better each year.

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Industry Speaks for IPE

The following are some of the best comments about IPE, as quoted by the industry stalwarts themselves during Samathi 2010:

Mr. Srikanth Surampudi – TCS, Hyderabad - Regional HR Head

“Feels very good to come back to IPE. Great management, professional approach and wonderful hospitality. Also, I am very proud to share that many of the HR team members at TCS Hyderabad are from IPE and they are doing very well.”

Mr. R. Ramasubramanian - HR Manager-South - Development Credit Bank.

“My experience with IPE has been good so far. I hired two summer trainees in the organization and have been impressed with the capabilities & talent this college has produced and could produce.”

Mr. S.N.Srinivas – AVP, HR & Operations – Polaris Software Labs

“Coming to IPE has always been a great feeling. Meeting the students and guiding them has always given me a great sense of satisfaction. There has been a world of difference in the quality of intake as well as in the passing-out students. It‟s changed for the good. I wish IPE goodluck on the eve of HR Samithi 2010. All the very best for the journey ahead.”

Mr. Kaushik Ray – HR Head – Dr Reddys Labs

“Professional to the core! Very well organised. May your tribe prosper. Best wishes. May you go and ignite the passion in workforces. Wishing you the best in your career.”

Mr. Sairam Bharatam - CEO, Founder - Iridium Interactive Ltd.

“Am excited to be back at IPE this time around as a chief guest. The last time I was here as a student of IPE. Am pretty impressed with the enthusiasm of the students and I strongly recommending our HR to visit IPE for placement season 2010-2011. All the best! Keep up the good work.”

Mr. Sameer Jain – TCS - Strategy & New Business Initiative.

“I appreciate the academia-and-industry connect, as it reaches out to bridge the gap between „what is on offer‟ to „what is needed‟ and takes organizations to new heights. Best of luck!”

Mr. Prabhu Pantula – Senior Manager, HR, O&TD – Oracle

“It is good to see students managing the initiative from end to end. Also the aspect of functional focus on each day is a good idea. Wish you all the best in your future endeavours.”

Mr. Sandeep Agarwal - Managing Director.- Ratnadeep Supermarket Pvt. Ltd.

“It‟s indeed a wonderful experience being a part of the Samathi. My best wishes to the students and Management for organising such a brilliant event. Many more yet to come.”

Mr. Hemanth D.P - Chief Operating Officer, GMR Hyderabad International Airport.

“Excellent programme. It‟s a great forum for interaction between students, professionals & faculty. Keep it up!”

Mr. Nandan Srinivas, - Hindustan Coca cola Beverages Pvt. Ltd.

“It has been a great experience visiting the campus. Lot of hard work has been put in setting up the stalls & hosting activities.”

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Mr. Prasada Rao Patteti - AGM, HR - Reliance Retail Limited.

“It‟s an enriching experience as there has been professionalism in all the activities done here.”

Mr. VLS. Murthy - Manager, Corporate Affairs – AP State film television and theatre development corporation ltd.

“Pleasure being in the midst of the future managers, who are bundled with talent and eager to take up challengers ahead! Congratulations to all!!”

Mr. Hameet Lamba - Director, Marketing - Dr.Reddy’s.

“It was wonderful interacting with some of the very elite professors, bright students and an august panel of experts from different industries. All the very best.”

Mr. Rohit.R.Chowdary - AVP-SM&BD - Deloitte Support.

“I am proud to be amongst a group of highly talented people in IPE. This is an excellent way of connecting the academics & industries. All the Best.”

Mr. T.Sri Nagesh – CEO - PRAGNYA Advisors Pvt. Ltd.

“It is a wonderful initiative with futurist concepts like green technology, which are commendable. I wish students best of luck.”

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Articles from the students of IPE

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Say Cheese...!!! :D

Slight tilt of the head, Look straight in the camera, get the shiny teeth out and freeze! That’s the way I have posed for

pictures from the time I remember understanding pictures and recognizing myself in them. Photographs have always

been an integral part of my life. Albums full of my kiddie pictures adorn the shelves of my cupboard and my favourite

pastime is flipping through them and remembering the good old days. Photographs are a small piece of memory that

we store with ourselves, moments that are captured, to be cherished later in life. Every photograph has a story

behind it, a memory we hold close to our hearts. It’s these memories that pull us through the worst times of our

lives.

Remember the 'old way' of taking photographs and getting the prints developed? The preparation before the highly

anticipated school picnic was never complete without we reminding each other to ‘put the roll in the camera’. And

there was never a birthday or an anniversary that was complete without completing the standard ‘32 photos per

reel’ so we could give it as soon as possible for prints. We did not have an option, then, of viewing the picture

immediately and scrunching up our nose screeching, 'Eww I look bad...Delete it.!!', but had to wait eagerly for at

least a week till the prints came and we could jump onto that rectangular packet and be greeted by that familiar

smell and those shiny pictures. We poured over the photos, adults and kids alike, an excited bunch, as we

remembered the event and the occasion behind every one of those frames. Today, with handy cams and digital

cameras having entered our lives, voila..! , we have instant access to the photographs we take and can view them

with just a click of a button. The added advantage being the conservation of space and time! Why bother taking

prints and framing them...Who has the time yaar! But how many times do we actually go to the folder marked

‘Pictures’ and go through it? And even if we do, how long do we take? 5 minutes, 10 minutes? Doesn’t it become as

good as any other folder that adorns space on our much-treasured hard disk? In the hustle-bustle of our busy lives,

who has really got the time to look at old photographs, even though they are just a click away?

Photographs have their own special importance in everyone’s life. It’s true it cannot recreate the magic of that very

moment, but it’s the closest we can get to bringing it back to the present and sharing it with others. A picture of you

as a kid giggling away in the arms of your young and beaming parents on a holiday reminds you of all the things they

have done for you when you needed them the most. Looking at a framed picture of your graduation day, with the

black robe and the degree in hand, gives you a sense of achievement everyday. And a group photo of you and your

buddies on the wall of your living room will always remind you that friends are precious and you are lucky to have

such loving people in your life. A wall full of photographs will become that special corner of your home where you

can relax, unwind and travel back in time. It will be a constant reminder of the good times and the effort it took to go

from one happy photograph to the other. It will display the story of your life and the characters that feature in it. So

take out some time today, click a few pictures, frame them up and write the story of your life. Make some memories

and don’t forget…To SAY CHEESE..!!! :D

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Leadership Lessons from “The Godfather”

(This excerpt is shared with us by Meghana Bulusu, 3rd semester, PGDM)

In the book, Don Corleone, the head of the crime family, is a shrewd businessman. Through making “an offer one can’t refuse”, to understanding the dynamics of business relationships, the Don manages to consolidate power and run all of the gambling operations in the country. This drama about the Corleone crime family is usually just seen as good entertainment, but several business lessons can be extracted from it.

Never dishonor those who helped you.

Henry Ford once said, “Integrity is crucial for business success - once you can fake that, you’ve got it made.” That may have worked for him, but in today’s world one of the most valuable things in business is your reputation. When someone helps you out, or stands up for you, thank him. You owe him one, even if he is too decent to tell you that. If you dishonor that person, others will take note. They will know that if they do business with you, they might very well be your next victim, and will steer clear of you.

Come with friendship, not with dollar bills.

Business is all about relationships. A man with all the money in the world will still be unhappy without someone to share it. This is why men close deals on golf courses, in cigar bars, and over a meal. This form of bonding ensures that even if a different person offers a better price, you will still go with the guy you trust and spent “leisure” time with.

Watch your back.

As in anything where there are limited resources, there will always be people who say one thing to you and do another. The corporate ladder is not climbed without stepping on others’ heads. Know your friends and your enemies, and avoid putting yourself in a situation where you can be harmed.

Don’t discuss business at the dinner table.

A big thing is not discussing business at the table. Give your family a break from business talk during the most important bonding time - dinner. Many studies have also found the psychological effect on kids always hearing parents discuss business is rather negative. Kids can become worried about the future, think money is the only thing that matters, or lose interest in talking to the folks. So keep your work in your office.

It’s not personal, it’s business.

While at odds with the second lesson, we are actually speaking here about how you should view decisions. If you get passed up for a promotion, it probably isn’t personal - it just made more sense from a business perspective for your superior to do so. If your longtime client leaves and you didn’t do anything wrong, thank him for his long business and move on - it’s not personal, and it doesn’t make any sense to waste time in misery over it. Also, if you have to make the decision, you need to emotionally detach yourself from it to make sure it makes the best business sense.

If you have any other business lessons learned from the Don? Add a comment. We’d love to hear them :p

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1. This project was criticized as MAA ROTI DO by Arun Shourie in the press. This project was the brainchild of Mr.Sanjay Gandhi. Name the project.

2. It has 2,554 round and baguette diamonds weighing 68.77 carats, 4,500 yellow sapphires weighing 218.55 carats Blue sapphires weighing 986 carat, 8 rubies weighing 248.70 carats, Gold weight is 691.15 grams. What am i talking about?

3. Connect: Movie You've got mail, Time Warner and Control Video Corporation 4. Connect: Project Blue Origin, Tau Beta Pi, Artificial Intelligence 5. Who presented a lengthy comedy skit on his last day with his organization which would be like, complete

with cameos from celebrities including Jay-Z, Steven Spielberg, Barack Obama, Hillary Rodham Clinton and many others.

6. Connect: Maxis Communications and Apollo hospital Enterprise 7. Which British car maker is going to hit the Indian roads by the year end. The price would, however, be as

hefty as the brand's rich legacy and could run up to a cool Rs 3 crore ( Hint: 007) 8. It is one of most visited sites after Google with 375 million visitors a month. It will shortly be launching an

office in India probably in Mumbai besides setting up an Indian chapter of its foundation in Bangalore. Identify the organization

9. Identify the logo

10. Identify the print ad.

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Answers to all the questions are to be mailed at

65thsquare.ipemag@gmail.com

Prize money worth Rs.500, sponsored by one of our faculty,

will be awarded to the winners, who will be chosen out of a

lucky draw.

Last month’s winner is Mr.Yagnadat Reddy, MRM,

Roll Number: 1012pgdmrm037

Send us yours views and let us know how you liked 65th

square this month. Get your articles, thoughts, opinions or

anything that you feel like sharing, published in the next

month’s issue.

Write to us at 65thsquare.ipemag@gmail.com

Bye

Faculty Mentors:

Prof.M.L.Sai Kumar

V.Anji Raju

Dr. Jayasree Raveendran

Editor: Megha. B

Quiz Master: Ruchir A.V

Institute of Public Enterprise

Osmania University Campus

Hyderabad – 500007

Andhra Pradesh

India

65thsquare.ipemag@gmail.com

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