Sunday, February 28, 2010
Wednesday, February 24, 2010
The monthly CW session in DoMS IIT Madras, hosted Mr. Seshagiri Dhanaymraju Head Strategy and Benchmarking at MphasiS(An HP company). Sesha is responsible for strategy development and articulation, benchmarking against competitors and against the company’s stated goals, execution of key strategic initiatives on behalf of the Office of CEO.
Mr Seshagiri delivered his address in form of experience sharing session. He focused on what can go wrong in a company depends upon the way the company is run, taking the reference of Thomas Peters' book “In Search of Excellence”. As future business leaders of tomorrow he encouraged students to move one level above concepts and think, think in a precise, logical and structured manner. More importantly, the thoughts should be followed by action and should be turned into reality, if not what we will get to see is a gap between strategy and execution, he stressed. “Use your degrees and knowledge but don’t take shelter under them” is the view he held on the issue of management concepts and added that we should understand the limitation of management theories.
Today’s organizations are made up of people and to develop these organizations we need leaders, Mr. Seshagiri opined, further he said, we need leaders who keep learning and this was the source of competitive advantage for companies. He made it apparent that a firm needed not only a sense of purpose for itself but also its leaders. On the issue of strategy and operational excellence Mr. Seshagiri was of the view that what is important is a focus on what you should do and more importantly what you should not. On an issue very pertinent to B School education in our country, he delved into topic of disconnect between the schools and the employers.
Mr. Seshagiri then explained that corporate career is no longer a linear journey but should be viewed in form of a grid filled with diverse experiences and challenges which one should start experiencing right from early career.
DoMS Interface Team,
Batch of 2011
Sunday, February 7, 2010
If waking up at six, with barely two hours of sleep to be the first ones to watch the great Kamalhasan, and head banging with thousand other insane souls on a rock concert is not fun, get a new dictionary. If you haven’t guessed yet, all these happened at SAARANG, the great cultural extravaganza of IITM. Those four days were nothing but pure unadulterated indulgence.
The rocking end of SAARANG closed the fun chapter for all the engineers, for us, Naah.... Haven’t you heard that managers always have the extra pie? We had our very own SAMANVAY, the extravagant business festival of Department Of Management Studies IITM which started on 29thJan. Theme for the year of hope was "Colours". Is there a more apt way to start a fest, which promised to bring colours to business than a wonderful speech about innovation?
We had Mr. K. Ananth Krishnan from TCS who precisely gifted us with that. It was not just one of those interesting talks; it was more of a practical peek into the industry and its trends. He gave us an insight into how the current market is based on the QWERTY generation, and how the world has changed from one that had majority, starring at idiot boxes, to living with desktops, to having mobile as their sixth finger right now. GO MOBILE was the new market mantra.
What next? The next thing in the place of excess information is the need for authentic information and accurate forecasting. Mr Krishnan gave the happy news to all the math geeks of IIT that “STATISTICS is going to be the order of the day for the years to come”. So people, what are you waiting for, go get your DAM books and start working.His insights about disruptive innovation and how Apple went on to become the best company by changing its strategy (form being conventional to being one that used disruptive innovation) made even the most disinterested among the audience to sit at the edge of the seat and listen with awe.
It was undeniably a very informative and interesting start to the great SAMANVAY. If you think DoMSians just believe in business, profit and fun, think again. We know our responsibilities too.That is why, we arranged for a panel discussion on public private partnership. The panel was just like the colours of the rainbow, so different in character, yet together for a greater cause.Mr. Saxena, the IAS officer, brought out the benefits of PPP to general public ,like in the health care industry. He pointed out if that such a scheme is implemented properly, the general public would be the one who gain most from it. It would be a win win win situation for all the 3 p’s, Public and Private companies, and the People. Mr T Ramaswamy, the DGM of Indianbank gave all the stats to accentuate that for a country like India, PPP would be very beneficial. He went a long way talking about debt equity ratio, the growth rate, the forecasted annual GDP and the effect of PPP on all these. It was so convincing that all the financial masters of our class would have signed a petition asking for the implementation of the same, on the spot.
Mr.Damadoran from HIndu Businessline, who acted as the moderator, had great difficulty, juggling roles between being the moderator who wanted things within the frame, and being one among the audience who were awestruck by the dimensions each speaker brought into the panel. But the real manager of the panel was Mr.Santhanam. He never supported PPP, nor did he oppose it. He pointed out situations supporting both and one that followed middle path .The case of Delhi airport, the one of Gurgaon highway, where it was a huge success and the one of the electric project where it was more than a failure.So the verdict of PPP being good or bad was: “It depends".
Thus we not only understood the benefits of PPP, but also its limitations.(Ya ya, we stopped signing petitions) If Mr.Santhanam, made us see PPP with a sceptic eye, Mr V Sivakumar,Director, PCRA made us aware that even if PPP has to be implemented, it’s not going to be an easy task. Rome was not built in a day right. It was indeed an enlightening experience to both the panel and the audience. And it was enriched even more, by the mind-blowing question and answer session that followed.
When the time came to draw the curtains down, the audience were sorry that it all ended so soon.
MBA 1st Year
Friday, February 5, 2010
DoMS played host to Mr. Shiv Ajagane VP at Mahindra Satyam who spoke about the Retail and IT fields and their future outlook. Mr. Ajagane has around 20 years rich experience in Strategy Planning, Profit Centre Operations, Operational Excellence, Process Management, Sales, Support Client Servicing and team building, Team Management across Retail Merchandising, Manufacturing, Supply Chain Management and Information Technology verticals.
He highlighted the potential of the organized retail's measly 12-13% share in the Rs. 400 crore retail market. Online retailing was growing at a rate of 30-40% yearly. The retail trends were converging from globalization to localization to reduce the costs. The current retail industry was going green, shrinking store and audience size and making use of long tail strategy to tap ancillary products launched over the main product.
He talked about shifting demographics, customer expectations, creation of more value and multi channel integration for different channels. The worldwide IT spends by the industry was just 6% for the retail sector and it had a huge potential. He projected that the worldwide IT services would grow from the current $761 bn to $912 bn in the near future, with outsourcing getting a 10-30% share of additional investments. He spoke about the op 10 business and technology challenges that included business process improvement, reducing enterprise costs, business intelligence, enterprise applications, increase use of analytics and promoting collaboration technologies.
He described the hype cycle of technologies with an example of RFID adoption. He elaborated on the efficiencies of volume based SCM citing TESCO as an example wherein he made the students appreciate the scale of its operations with 265000 SKUs, 10000 suppliers and 4000 stores. He then went on to speak about the career opportunities in IT that included the domains of infrastructure and services, information design and management, process design, relationship and sourcing management and business process reengineering.
Mr. Ajagane concluded on an optimistic note by saying that the IT industry is poised for steady growth even if other cost effective centers like the Philippines have emerged. This trend is mainly due to India moving up the value chain and providing much more than just low cost services.
Team DoMS Interface
Batch of 2011