Dean’s Repo Rt 2014 Indian School of Business Dean’s Report 2014 | 1 The Year in numbers .................................................... 4 Progress on Programmes ............................................. 5 Faculty excellence and Research with Relevance ...... 8 Centres of excellence/ Institutes ................................ 10 Initiatives/ Resources ................................................. 12 student activities and achievements ......................... 13 Other Updates ............................................................ 14 2 | Dean’s Report 2014 Letter from the Dean On the occasion of the Graduation Ceremony of the class faculty’s research and teaching activities focused on ensuring of 2014 of the Indian school of Business, it is my pleasure meaningful and creative engagement with students to deepen to share with you this annual report for the academic year their learning experience and explore the latest knowledge 2013- 2014. It is a review of our school’s successes and and insights from the business world. We continue to generate accomplishments; it is also a reminder of our goals for the scholarly and policy-related contributions to address broader years ahead and a progress report of this past academic year. society-level issues and strengthen research and knowledge in key areas for India’s development. The diverse research This year we continued to execute on the school’s priorities seminars and projects organised by the various research - innovation, intellectual growth, internationalisation and centres and institutes demonstrate the school’s capacity inclusion - and to hone and enhance our endeavours in each to bring together thought leaders, direct astute and erudite of our focus areas in newer and more impactful ways. analysis and open up possibilities to impact practice in ways that can benefit business and society. The core responsibility of an academic institution is to provide students a great place to learn. The school’s unique The year was marked by a host of student events and portfolio faculty model ensured that students across both initiatives as well as faculty research seminars and campuses -Hyderabad and Mohali - benefited by learning conferences; the Progressive Punjab Summit - a first of its kind from leading resident and visiting faculty from across the initiative was hosted by the school; an unprecedented number globe. From this academic year, all concentration areas and of awards and triumphs for our students and alumni; and the industry specialisations offered by the school have been alumni summits at Mohali and Hyderabad respectively that comprehensively integrated across both campuses. Whether brought together more than 800 alumni and their families back it is through innovations in curricula to reflect the shifting to campus. business landscape or stimulating experiences and learning outside the classroom, we are committed to making the school The report that follows outlines in detail the above and many the best venue for management education and to meet the other noteworthy developments of the last academic year. This growing need to develop young leaders who can manage has been a very exciting year for all of us. I would like to thank global challenges. each and everyone in the IsB community - the Board, faculty, staff, students, alumni and their families for their sustained To be a great place for students to learn, we must be a great contributions and support through the year. place to work for our faculty and staff. We are excited that many stellar new faculty have joined our school this year. Our Ajit Rangnekar Dean Dean’s Report 2014 | 3 The Year in numbers numbers paint a picture. They indicate where we have been and where we are headed. The IsB is a relatively young school that in a few years has gained a position among the most prestigious institutions in the world and is on the trajectory for continued success. 100 The number of case studies developed at the Centre for Teaching, Learning, and Case Development touched the century mark. 831 This year witnessed the highest number of placement offers ever made on campus by the end of February 2014. 6000 Graduates make up the extended alumni network of the PGP and PGPMaX programmes at the IsB. 40 The number of student teams from the Class of 2014 that took part in the Planning an entrepreneurial Venture course. 140 Business plans were received at iDiya, the IsB’s annual social Venture Challenge. 5000 Participants engaged in various programmes offered by the Centre for executive education. 4 | Dean’s Report 2014 Progress on Programmes With a strong global emphasis in programme design and delivery, programmes at the ISB focus on managing business in a fast-evolving environment. post G RAduAte pRoGRAmme in exchange programmes and Collaborations mAnAGement ( pGp) The school has international exchange agreements with 43 This year we welcomed 766 students from diverse B-schools in 19 countries. The school hosted 31 exchange backgrounds to the Post Graduate Programme (PGP) Class students of 14 nationalities from 17 B-schools across the of 2014, including 216 students in the Mohali campus. The globe. 52 students from the school travelled to 28 B-schools PGP was concurrently delivered in Hyderabad and Mohali. across the world on exchange programmes. Following the school’s unique portfolio faculty model, top The school secured a grant from eY to support research on resident and visiting faculty from across the globe taught topics of relevance to emerging markets in collaboration with across both campuses last year. The school also encouraged the global think tank, Institute of emerging Market studies. inter-campus exchange with 85 students from both campuses The school signed a collaborative agreement with the national opting for exchanges during the core and elective terms. stock exchange of India Ltd. to set up a ‘trading lab’ at the school to conduct research and education activities in the area of investments. new electives The dynamic curriculum at the school reflects the changes in the global business scenario. new courses introduced in this placements academic year included: This year the school witnessed the highest number of offers • Strategic Procurement being made on campus compared to previous years. a total of • Operations for Consultants 831 offers were made by the end of February 2014, including • Government Performance Management 63 international offers. To aid single location accessibility for all our recruiters, integrated placements across both campuses From this academic year, we have also started offering all were offered this year as well. Companies hiring the school’s concentration areas and industry specialisations across both students for their prestigious ‘Leadership Programmes’ campuses. has become a norm over the past few years and the trend continued this year too. We acknowledge the strong support experiential Learning programme (eLp) from our alumni in making placements for the Class of 2014 a success. 413 students worked on 86 projects to apply their theoretical learning to address practical business issues including: • Developing an India focused marketing plan and strategy for a disruptive product • Creating a go-to-market strategy and pre-sales process for a global delivery division of an MnC • Executing deep research to enhance the marketing decision of an innovative product in the education sector Dean’s Report 2014 | 5 Young Leaders programme (YLp) post G RAduAte pRoGRAmme in mAnAGement fo R senio R exeCutives The YLP is a challenging foundation programme that (pGpmAx) ultimately leads to the world class Post Graduate Programme in management. The initial batch of students from the YLP The fifth class of the Post Graduate Programme in will commence their course in the following academic year Management for senior executives (PGPMaX) will commence 2014 - 2015. their programme in August 2014. The class profile varies between 17 to 18 years of average work experience and represent a wide array of industries and functions. Alumni network The IsB alumni network now consists of more than 6000 pGpmAx ALumni exCeL At t op eCheLons of Business members from the PGP and PGPMaX programmes. all through the year, the school’s alumni have actively come neeraj Jain (Class of 2012) appointed managing director forward to assist the current students with various activities of scholastic india pvt. Ltd. to promote industry knowledge and best practices. Over the feroze mohammed (Class of 2013) appointed managing years, alumni have also been making generous monetary director of hitachi Consulting software services india Ltd. contributions to the school towards research, scholarships and new facilities. The numbers of such alumni giving back santosh Bijur (Class of 2011) appointed managing to their alma mater is steadily increasing. This year we also director of verizon data services india. received the largest individual alumni contribution to the manish sharma (Class of 2011), vice president John deere school from Dr satyanarayana Chavva, PGPMaX alumnus technology Center india voted “Leader of the Year 2011” and CeO, Laurus Labs. This will enable the school’s efforts from among the 5000-strong workforce in india and out of towards conducting a technology commercialisation program, 152 nominees from across all india functions. making world class education more accessible. “Recipes for success: innovating production and The school is invested in the future of its alumni and will inventory management”, a case study that evolved from continue to be a source of support by providing opportunities a class project of Aju Jacob (Class of 2011), director, for personal and professional development through lifelong synthite industries Ltd. And co-authored by professor learning programmes, access to databases and enrolment in sunil Chopra and Arun saxena of the isB won a highly short term courses to refresh and strengthen their knowledge Commendable mention in the supply Chain category at efmd ’s 2013 Case Writing Competition. about global issues. equinox, the annual alumni learning and networking event at Bindu Krishnan appointed service delivery Leader for Aon hewitt’s hR Bpo ApAC business. the Mohali campus and solstice, the annual alumni reunion event at the Hyderabad campus received a fantastic response meher Afroze appointed Chief of staff, microsoft and more than 800 alumni and their families participated in Corporation. both these events. 6 | Dean’s Report 2014 f eLLoW pRoGRAmme in mAnAGement ( fpm ) learning programme for HCL Technologies, involving a combination of classroom lectures and technology-assisted Launched in september 2011 with support from InseaD, learning in the form of webinars. the doctoral-level Fellow Programme in Management (FPM) initiative aims to deepen research at the IsB and increase as part of the nation building process, the Cee has focused the availability of trained and qualified research specialists in on governance and policy, delivering specialised programmes Management and allied subjects. From the current academic for the Ministry of Railways, the national Centre for excise & year 2013-14, the Programme has been run independently by narcotics and for elected members of legislative assemblies, the school. This year the school recevied 92 applications for the last one in association with the Bharti Institute of Public the programme. Two students (one of whom is an international Policy. Furthering our involvement in the social sector, the Cee student from the Us) - have enrolled in the programme also continued conducting a programme on Development this year focusing on the accounting and Finance areas evaluation, in association with the uniCef . The Cee remains respectively. a key partner of the Goldman sachs 10,000 Women Entrepreneurs Certificate Programme - with more than 1,300 women having graduated from the entrepreneurship mAnAGement pRoGRAmme fo R fA miLY development programme. Business ( mfAB) The ‘open programme’ portfolio showed increased enrolment Launched by prominent leaders of Indian family business with the addition of new programmes across different streams groups, adi Godrej and sunil Kant Munjal in 2013 the unique including the launch of the Certificate Programme in Management Programme for Family Business (MFaB) is Business Analytics. The Cee is focused on enhancing the designed to groom the next generation family business portfolio of certification programmes and technology-assisted leaders. The second batch of students will commence their blended learning programmes, maintaining the emphasis on course in auguest 2014. as in the past, this year’s intake also the government sector and deepening its global footprint. brings great diversity of experience and background to the class. Participants from the initial batch have reported great learning and meaningful impact on decision making in their businesses as a result of attending the programme. Two participants from the current class, Shreya Siroya and Shreya Bajaj secured first place in Precipice 2014 -an international management fest hosted by Center for Management studies, Jain University, Bangalore. The final round of the competition was held at the Catholic University of america, Washington DC. Cent Re fo R exeCutive eduCAtion (C ee) The Centre for executive education (Cee) continues to be a hub for meaningful exchange between business leaders and academia. This year, the Cee catered to nearly 5000 participants across almost 180 programmes, through its varied portfolio of custom designed, open enrolment, technology assisted learning and international programmes. The ‘custom programmes’ segment has an impressive roster of clients, including the Aditya Birla Group, Cognizant technologies, deloitte, ernst & Young, essar, hCL technologies, RpG enterprises and microsoft. One of the key innovations in the year was the offering of a blended Dean’s Report 2014 | 7 Faculty excellence and Research with Relevance Bringing the relevance of research into the classroom and the working world is part of the core of what our faculty members do at the ISB. fAC uLt Y And Rese ARCh • Tenth Annual Summer Research Conference on Analytical Finance Faculty is one of the most important assets of the school. The • Fourth International Conference on Corporate Governance IsB faculty bring with them a wealth of research, teaching and • POMS International Conference on Supply Chain Challenges professional experience and a desire to shape the school into & Research Opportunities in emerging economies a global leader in management education. • Seventh Accounting Research Conference Currently, the school has 49 permanent faculty members. This • Fifth National Association of Realtors - India Annual year, we welcomed Professors shashwat alok, snehal awate, Convention sisir Debnath and nitin Kumar. In addition, three new faculty • Digital Summit 2013 members are joining the School in the next five months. • Breaking Barriers, Building Bridges: The U.S. and India The school’s faculty members continue to publish in Forging a stronger Middle east international top-tier journals. Professors Raveendra Chittoor, • India GRI 2013 Manish Gangwar, nishtha Langer, Tarun Jain, Dishan Kamdar, • Morningstar Investment Conference amit Mehra, amit nandkeolyar, Galit shmueli, sridhar • India Investment Conference - The Road Ahead for India seshadri, Kannan srikanth, Krishnamurthy subramanian, and emerging economies abhijeet Vadera, nagalakshmi Damaraju have had their • International Symposium of Information Systems publications accepted in top-tier journals during this academic • Strategic Management Society’s India Special Conference year. Faculty have published in more than 19 internationally themed on “strategic Leadership: an emerging Market top ranked peer reviewed journals in the last academic year. Perspective” In addition, the school funded 42 conference trips for permanent faculty members who were invited to present their Rese ARCh seminARs And Confe RenCes research papers in peer reviewed conferences. The school This year the school also hosted a plethora of faculty research has been instrumental in providing state of the art facilities to seminars and conferences across disciplines addressing a the faculty to support them in their research pursuits. variety of issues including: • Finance Summer Research Camp 8 | Dean’s Report 2014 not ABLe AChievements professor nagalakshmi damaraju invited to join the editorial board of the strategic management Journal. professor dishan Kamdar’s paper won “outstanding published Journal Award” at the 2013 Annual Conference of The International Association for Conflict Management (IACM), for having made a significant and lasting contribution to the field over the previous two years. professors Amit mehra and milind sohoni appointed senior editors of one of the top-tier operations journal - production and operations management (pom) Journal. professor Amit nandkeolyar received the 2013 outstanding Reviewer Award from the organizational Behavior division of the Academy of management. professor m Rammohan Rao awarded the AimA-Kewal nohria Award for Academic Leadership in management education. professors sridhar seshadri and milind sohoni awarded iBm faculty Awards for 2013 for fostering research and development collaboration. professor Galit shmueli’s paper ‘statistical Challenges facing early outbreak detection in Biosurveillance’ published in Technometrics, official journal of the American Statistical Association, declared one of the five most-cited papers for the period 2010-2012. her paper was also selected by the Royal Statistical Society for the first solo Webinar on June 13, 2014. professor Krishnamurthy subramanian nominated to RBi Committee to Review Governance of Boards of Banks in india. professor m R Rao nominated by the ministry of human Resource development (mhRd) as a member of the executive Committee of the national Assessment and Accreditation Council (nAAC). Dean’s Report 2014 | 9 Centres of excellence/ Institutes Cent Re fo R AnALYti CAL f inAnCe (CAf ) The centre continues to generate research focusing on financial developments in emerging markets and disseminate its findings for the benefit of business and industry through a wide variety of media including academic articles, policy reports, working papers and editorial and opinion pieces in leading business dailies and magazines. The centre has also collected unique data sets related to the finance sector and Indian elections and initiated various projects around these themes. Two research papers from CaF were presented at international academic conferences. The centre also organised its Tenth summer Research Conference. With more than 100 submissions from leading researchers, it remains one organised the Morningstar Investment Conference 2013. of the most competitive conferences in the world. apart from conducting workshops and invited speaker Cent Re fo R emeRGinG mARKet soLutions sessions by leading academics and practitioners the centre (Cems) has also been instrumental in pushing its research to a wider audience through publications in academic journals such With its mandate to provide market-based solutions for a as Journal of Multinational Financial Management as well as large number of the developing world’s problems, the centre other media outlets such as Moneylife, Rediff, Business Line, extended its role by furthering research on a core focus Firstpost, Financial Times, India abroad and The Hindu and area- energy. The IsB- Climate Policy Iniative (CPI) team case studies published in IsB Case series, Harvard Business published articles based on their research on renewable Publishing, and Ivey Publishing. The centre’s executive energy financing and in the Energy Policy and Renewable and Director, Vikram Kuriyan was welcomed as a member of the sustainable energy Review journals. They also presented their secondary Markets advisory Committee of the securities and findings at various international conferences. The team also exchange Board of India (seBI). continues to closely work with government bodies such as the Central electricity Regulatory Commission, state electricity Cent Re fo R t eAChinG, LeARninG, And Regulatory Commissions, the Planning Commission of India, CAse deve Lopment (C t LC) Ministry of new and Renewable energy and Ministry of Power The centre’s efforts in publishing India-specific cases made in implementation of concessional finance schemes for great strides, touching the 100th published case, and its renewable power projects. cases being used in over 40 countries. The centre’s annual Dr. Reddy’s Cell for employability and skilling, established Global Case Writing Competition continued to grow, receiving under the aegis of the CeMs, will release an edited volume a record number of entries from asia, north america, australia published by Harper Collins on skilled development and and Europe. It also took the lead to train final-year Ph.D employment. Various conference papers and white papers students from B-schools across India in effective teaching were also presented. and classroom management, called the Doctoral Consortium on Teaching in collaboration with the International school of Cent Re fo R investment (C fi ) Business Management (IsBM). The centre organised various The centre, aims to invigorate investment practice in India workshops in the area of teaching, learning, and technology- and across the world. In leading initiatives to achieve this aided pedagogy for B-school faculty from across India, as well end, the centre co-hosted the India Investment Conference as non-B-school faculty, including teachers at the Lal Bahadur 2014 with the Indian association of Investment Professionals shastri national academy of administration, Mussoorie, and (IaIP) - a member society of the CFa Institute. It also co- the national Police academy, Hyderabad. 10 | Dean’s Report 2014