‘Identify, Eliminate and Progress’ by Mr. Saifuddin Kapasi

 On the eve of 13th February, Mr. Kapasi, an alumnus of the 1985 batch, visited his alma mater to interact with the students of the current batch. Sir is currently the Head of Credit & Collections at Vodafone India Ltd. Sir has also worked at Mafatlal Finance Co. Ltd, and Standard Chartered Finance Ltd as the Regional Manager.

Sir explained the importance of change with a short story of a football player and a child. He emphasized on the line, ‘If you keep doing what you have been doing, then you will keep getting the results that you have been getting’. Sir imprinted the concept of change and its value on the minds of the students. Extrapolating this concept, Sir then connected the students to the importance of Transformation. Sir stated that “Without transformation, you will perish”. He then gave an example of Mr. Masai who introduced the word GEMBA, meaning, ‘Continuous improvement driven at the right place.’ By narrating the story of Mr. Masai at the Taj workshop, Sir made us realize that it is MUDA, which means Waste, that we need to Identify, then Eliminate, and finally Progress. Sir explained that MUDA is any activity that does not add value and that reducing or eliminating MUDA is one of the fundamental activities of any quality management process.

With a small activity engaging all the students, Sir helped the students to identify MUDA and thus find solutions to the same. Sir also enlightened the students with two more concepts: MURA which means Imbalance and MURI which means Overload. Sir then took the students through the different types of MUDA which involved waste of Time, Work, Human Resources, Transportation, Inventory, Motion, Legacy, and Quality. Lastly, Sir stressed on the importance of being Process Oriented to be in a winning situation. 

The students found the session to be very informative and interactive, as Sir taught the students what the textbooks don’t teach. The Alumni Committee would like thank Mr.Saifuddin Kapasi, for taking time off his busy schedule and sharing his valuable insights with the batch.

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CAYE-Asia and YI chapter meet at CII Western Region Head Office

Students of SIMSREE got an opportunity to attend the YI Mumbai Chapter meet which was attended by some Great Personalities like Past President of Commonwealth Alliance of Young Entrepreneurs (CAYE), Ms. Fatin Arifin and the Founder of CAAYE-Asia Dr. Rahul Mirchandani.

The Event, held at the Confederation of Indian Industries (CII) Western Region HO, started off with welcoming Attendees from some of the most reputed MBA colleges of Mumbai. Dr. Rahul gave a brief overview of the session and walked students through the great achievements of CAYE and YI over the past 3 years.

Ms. Fatin then talked about the tremendous impact that CAYE has had on various issues around the world.

A few of the members from the YI Net shared their experiences of attending the CAYE summits in Kuala Lumpur and Malaysia. Their reactions clearly underlined the presence of CAYE in the world and the potential for change it bestowed on the members associated with it. It could be seen as a microphone amplifying the voice of the YI members. The session continued with a brief interaction with Mr. Waqar Masud, the representative of the CAYE from Pakistan and he shared some of the details of the next big bang event of CAYE to be held in Islamabad in the month of September this year.

"Geography is History" claimed Mr. Rahul excitedly as he focused on how CAYE has helped people break national barriers and helped Young Entrepreneurs around the world to connect with each other with the help of the vast network that CAYE has been able to build and nurture that is continuously growing.

The session was concluded by Mr. Sujit Patil, who heads the Corporate Communications at Godrej Industries and is the Chapter Chair of YI Mumbai, by introducing attendees to the world of opportunities the CAYE can present to the future Entrepreneurs.

 Thanks to Mrs. Sangeeta Pandit Ma'am, the Chairpersons and the General Secretaries for this opportunity which proved to be useful to the students and representatives from the Student Social Responsibility Committee, The Placement Committee and the Entrepreneurship Cell of SIMSREE.

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Guest Lecture with Mr. Rohit Verma

On the evening of 27^th January 2016, Mr. Rohit Verma, an alumnus of the 1997 batch, visited his alma mater to interact with the students of the current batch. Mr. Verma, currently the General Manager, IBM Resiliency Services at IBM India Pvt. Ltd., talked to the batch about Risk Management and Business Continuity Management in the corporate world, which is his field of expertise.

Sir began the session by talking about the changes in the college, and his journey as a student. He began the session by asking the students what they understood about Risk Management. Students volunteered, talking about its applications and how it affects our day-to-day life. Sir explained about Risk Management by giving a reference to Murphy’s laws. He explained that Risk Management covers all domains of a Corporate body be it Business function, Operations, IT or other support functions.

 Sir also gave plenty of examples from the corporate world bringing out how Risk Management played a key role in some organizations. He explained how Risk Management Framework has evolved over last many years, drawn from Legislations, Court decisions, Best practices and International Standards. He discussed the relationship between Risk and Strategy, Risk and Uncertainty and Time and Impact. He encouraged the students to speak what they understood by these relationships.

He explained how the varied Business risks we face today can be classified into different buckets, depending on their frequency and potential impact. He discussed how different Corporate Risks are treated and managed on day to day basis.

Sir supported the Risk Management practice with plenty of Corporate examples (e.g. how Johnson and Johnson managed customers’ complaints in one of its products and won back their trust and confidence). He emphasized on how Risk Management plays a critical role in such cases.

Sir also gave an overview of Business Continuity Management, one of the fields in Risk Management, which is gaining high visibility at the Board of Directors level today. He cleared few doubts asked by the students. He also encouraged the students to consider Business Continuity Management as a key career opportunity.

The students also found the session to be very informative and interactive, as Risk Management is a relatively new subject for the batch. The Alumni Committee would like to thank Mr. Verma, for taking time off his busy schedule and sharing his valuable insights with the batch.

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High Tea with Hon. External Affairs Minister of India, Smt Sushma Swaraj

On 30th January, students of SIMSREE were honored to have attended a conference with Hon. External Affairs Minister of India Smt. Sushma Swaraj. The event was held in Kalidas Natyamandir, Mulund (w).

Students were gathered to place their grievances or their suggestions on any issue that needed to be addressed. The minister took her time and patiently answered various questions of all the young Indians gathered for the event. Students of SIMSREE also placed few suggestions as well questions forward and were pleased by the response they received from the Minister. 

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