Tag IIM Sambalpur

Mumbai, 5 August 2024: IIM Sambalpur, one of India’s premier management institutions, concluded its Management Immersion Programme (MIP), a four-day residential program for IILM University students aimed at providing immersive experience of management education and campus life at IIM Sambalpur. Scheduled from 30th July to 2nd August 2024, this immersive programme is designed to provide these 62 students from IILM University with unparalleled experiential learning experience in flipped classrooms, practical management insights and hands-on experience through various interactive sessions, workshops, and case studies conducted by IIM Sambalpur’s distinguished faculty and industry experts.

The event also marked a Hindalco Industries industrial visit. In addition to that, they recently visited the weaving industries in Attabira as part of a societal outreach programme. This visit provided them with the opportunity to engage with local weavers, understand their craft and IIM Sambalpur’s contribution in giving weaver community a platform.

During the inauguration ceremony, Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, delivered a warm welcome address, expressing his enthusiasm for hosting the students. He said, “At IIM Sambalpur, our core values are innovation, integrity, and inclusiveness. Embracing change and forward-thinking solutions, we blend tradition with modernity. Upholding high ethical standards, inspired by Lord Vishnu’s avatars, we ensure everyone feels valued, fostering leaders who understand the importance of inclusivity in innovation and ethics.”

Chief Guest Debasish Mallik, Joint President of Hindalco Industries Ltd., emphasized the importance of bridging the gap between theoretical knowledge and real-world applications and said, “True leadership transcends task management; it inspires and empowers. At Hindalco Hirakud, we foster an environment of learning and growth, enhancing managerial skills and encouraging experimentation. Embracing failure as a learning opportunity, we drive improvement. Leaders support their teams through triumphs and setbacks, promoting continuous improvement and innovation.”

The four-day residential programme is divided into five transformative modules, each focusing on critical aspects of management and personal development. The Modules were led by Mr. Samarendra Mishra, Co-Founder, OVO Farm, Mr. Keshav Rao, Director Personnel, MCL, Dr.K.Ganesh (Partner Global Lead, McKinsey & Company), Prof. Bharat Bhushan and various faculties of IIM Sambalpur.

Mumbai, July 23, 2024; IIM Sambalpur inaugurated its 6th batch of PhD and 5th batch of Executive PhD programme 2024 in hybrid mode at its campus. The ceremony included insightful discussions on research methodologies and journeys, featuring the participation of international and national academicians, authorities, and industry leaders. The objective of these discussions was to share the research experience and to guide the newly enrolled PhD students at IIM Sambalpur. The Executive PhD students are currently working in sectors such as the Defense Force, government organizations, the IT industry, and entrepreneurship. Some are employed in prestigious companies and organizations such as Google, Accenture, Flipkart, State Bank of India, Bank of Baroda, and Pidilite Industries, among others. It is to be highlighted that out of the total 25 candidates in both PhD and Executive PhD programmes, they hold various important positions such as CEO, COO, MD, VP, Deputy Magistrate, Senior Superintendent of Police, Business Head and IIT Faculty, among others.

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, emphasized the importance of research in driving innovation and solving real-world problems in his welcome address. Prof. Jaiswal described the research methodology and said, “Scientific discovery involves two primary methods: the positivist and interpretivist approaches. The positivist method begins with a hypothesis grounded in established theory. Researchers collect data to test this hypothesis, aiming to contribute new insights to existing literature through a structured process of formulating research questions, developing hypotheses, collecting data, and presenting findings. The interpretivist approach starts with unusual facts that challenge traditional theories. It investigates discrepancies between theory and practice, such as why Ola cabs caused the decline of traditional radio cabs or how small companies outperform large ones. This approach creates new research opportunities by exploring these anomalies.”

Prof. Raj Agnihotri, Assistant Dean of Industry Engagement, Ivy College of Business, Iowa State University, USA, said, “Think big, think like an innovator. It’s time to move beyond merely validating existing theories and start finding solutions that create real impact on businesses, society, and communities. Build theories that aren’t confined to specific contexts but can be generalized and applied globally. Remember, innovation isn’t limited by geographical boundaries or academic fields; it transcends borders and integrates diverse perspectives. By fostering this mindset, you can contribute to ground-breaking advancements that resonate worldwide and redefine the landscape of research and practice.” Prof. Agnihotri further said, “Expand your network of scholars and collaborators. True learning and innovation happen through collaboration. As PhD students, you have a unique power and opportunity to reach out and connect with experts and peers worldwide. Use this time to build meaningful relationships that will not only enhance your research but also broaden your academic and professional horizons.”

Prof. Vishal Gupta, Professor, University of Alabama, USA said “Embark on your PhD journey with the mindset of a world champion —strive for excellence, not just completion. Just as Olympic athletes push beyond the norm, embrace the challenge of high-quality research and global competition. Your journey demands dedication, rigorous training, and the pursuit of groundbreaking work, beyond mere expectations. Remember, true success in academics comes from the relentless pursuit of innovation and the courage to set higher standards for yourself” Prof. Gupta further added, “Approach your PhD like an elite athlete preparing for the global stage: with relentless dedication and a drive to excel. The path is not just about fulfilling requirements, but about making impactful contributions to your field.”

During the keynote address, Dr. K.K Tripathy, Economic Advisor (Health), Ministry of Health and Family Welfare, New Delhi, underscored the importance of passion in one’s academic journey and said, “Your passion is the cornerstone of your academic journey. Embrace it and it will drive you to create new knowledge and tackle complex problems. As you delve into research, focus on adding value to existing knowledge and specialize in your field to become an authority. Networking with peers and mentors will expand your horizons, while your analytical skills and critical thinking will help you navigate uncertainties. Remember, effective research involves understanding and interpreting data accurately, contributing to meaningful societal improvements, and enduring challenges with perseverance and resilience.”

Dr. R.K Singh, Vice President (HR), TRL Krosaki Refractories Ltd., Belpahar, Odisha, said, “Research is not merely an academic pursuit but a journey of self-discovery and innovation. As we advance in automation and AI, we must embrace research as a tool to challenge existing paradigms and explore new frontiers. By integrating interdisciplinary approaches and critical thinking, we uncover insights that drive organizational excellence and personal growth. The power of research lies in its ability to question, validate, and transform conventional wisdom, ultimately enhancing our understanding and application of knowledge in diverse fields.”

Earlier, the programme commenced with an introductory remarks by Prof. Saumyaranjan Sahoo, Chairperson, PhD/Exe PhD Programme. Prof. Padmavathy Dhillon, Chairperson, ExPhD-DBA Programme, expressed gratitude in the vote of thanks.

The session continued with an engaging talk by Prof. Nilesh Khare, Ph.D. from Fisher College of Business, the Ohio State University (USA), Adjunct Professor, IIM Sambalpur on “What I wish I knew and What helped.” Prof. Khare’s session provided practical insights and advice to the new scholars.

The second day of the orientation programme featured a seminar by Prof. VG Venkatesh, Vice-Dean and Professor, Supply Chain Management, EM Normandie Business School, France, on “Crafting an impactful PhD journey: A Primer.” This was followed by a session on “Crafting Research Output” by Prof. Mahadeo Jaiswal.

Mumbai, July 15, 2024: In order to transform and promote business while preserving culture and heritage, IIM Sambalpur organized second edition of a 12-day weekend certificate programme called the ‘Small Business Management Training Programme’ for Master Weavers of Western Odisha in support with SIDBI. Conducted under the aegis of the Centre for Responsible Business, the programme is focused on various subjects including design, digital marketing, GST, Financial Management, Operation and communication skills. Approximately 25 Master Weavers are going through the training with a focus on to up market through digital platform such as Flipkart, Amazon and ONDC.

Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, emphasized the institute’s commitment to acknowledging and supporting India’s indigenous handloom industry. He highlighted that prior to British colonization, India was responsible for 25% of the world’s textile production, a stark contrast to the current scenario where this contribution has dwindled to less than 3%.

Prof. Jaiswal further said, “We believe the textile industry is crucial for India’s development. With an aim to promote marketing and distribution, we took the first step to partner with Flipkart. However, we soon realized that our skilled master weavers and artisans require fundamental business knowledge in areas such as GST and invoicing, marketing to deliver business training and all faculties teaches the subject such as Marketing Management, Financial Management, Operations, Strategy etc. in Odia languages. This pioneering effort makes IIM Sambalpur the first management institute in India to offer business education in the vernacular language, with a specific focus on supporting local enterprises.”

Prof. Jaiswal further informed, “The upcoming phase of training is designed to enhance their skills in market creation. The curriculum includes instruction on the five Ps of marketing (Product, Price, Place, Promotion, and People) and an exploration of global market trends. To facilitate this process, incubation support is deemed necessary. Consequently, the initiation of a startup aimed at global product marketing is underway. The ultimate objective is to establish a ‘Bunkar Valley,’ akin to Silicon Valley, with a specific emphasis on elevating India’s weaving industry on the global stage.”

Shri. Akshay Sunil Agrawal, DM & Collector, Sambalpur, emphasizes the significance of comprehending sustainability challenges in India and said, “There exists a notable generation gap, and our aim should not only be to survive but to thrive. Understanding market demands, trends, and bridging information and economic disparities are crucial. The prosperity of artisans, such as those in Sambalpur, hinges on efficient marketing, product packaging, and awareness of fashion trends. Initiatives like this, which integrate feedback and interactive sessions, play a vital role in tackling challenges and devising solutions.”

Shri. Ramkrishna Meher, National Awardee, Handloom (2015), World Craft Council Awardee (UNESCO- 2018) said, “Many artists and scientists from around the world have come to this region to learn the art of weaving. However, this weaving technique cannot be done using any machinery or computers. It is only possible through the weavers themselves. IIM Sambalpur is making efforts to train the weavers and help their products reach international markets. Through initiative from IIM Sambalpur, significant changes have come in the lives of the weavers. This has helped in preserving the weaving culture, advancing the tradition, and empowering the weavers.”

Dr. Surendra Meher, National Awardee (1991), three times UNESCO Awardee said, “The Sambalpuri weaving art has a distinct identity across India and the world. This is not recent but dates back to the 14th century. Sambalpuri weaving is the intellectual property of the weavers. Along with Sambalpuri sarees, the culture, traditions, and practices of this region are deeply intertwined. No machine can replace the place of weavers in the art of weaving. Dr. Meher advised the weavers to create high-quality sarees and uphold the dignity of the weaving art. IIM Sambalpur is playing an integral role in transforming lives of weaver community and safeguarding the rich heritage of Odisha.”

Earlier, the welcome address was delivered by Prof. Sumita Sindhi. The session concluded with a vote of thanks delivered by Prof. Bhairab Chandra Patra.