HR Conclave ‘14

HR Conclave-14, held on 8th August, 2014 was the first event for the academic year 2014-15 for the 2014-16 batch organised by the SIMSREE Corporate Relations Committee, with the topic ‘Mergers & Acquisitions: The HR perspective in managing change’. The panel included eminent personalities from the HR domain such as Dr. Adil Malia (Global Head - Leadership, Learning and People Management, Essar Group) as Keynote Speaker, Ms. Madhavi Lall (former Global Head- Employee Relations, Standard Chartered) as the moderator, Prof. Darryl Cabral (founder, Total Solutions Incorporated), Mr. Sanjeev Parkar (Director - Human Capital at PriceWaterhouseCoopers), Dr. Jayant Kumar (Chief of Business HR, Tata Power) and Mr. Dharam Rakshit (Assistant Vice President-Employee Relations and Compliances at Mondelez Foods).

Mergers and Acquisitions are a route that companies use to achieve success. However, there are various differences present in terms of human capital and cultural differences prevalent between the two companies being merged. The feeling of being a victor and vanquished company tends to prevail amongst the two companies and leads to a major loss of morale in the company being acquired.  

Many a time, the HR is involved in the process only after the finalization of the financials and material MOUs. Such a deal would lead to a future failure in the negotiations. The panel highlighted how one needs to focus on “Realization of company values and integration of various processes across the two companies”, along with integration of work cultures of the companies. The crux of the discussion was that the HR team should be part of the strategy team present in the war room so that all the differences regarding human capital and internal processes are ironed out smoothly and the process of M&A becomes smooth for the blue collared employees along with the white collared employees. 

The panel highlighted various scenarios from their personal experiences regarding M&As so that the students were able to comprehend the importance of HR in the process of M&A. Various intricacies of M&As were revealed during the session, shedding light on the close association between different verticals in a company and how each of these verticals are engaged when a company chooses to acquire another. It was a great session for first year students to get a taste of corporate interactions.

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Guest Lecture by Mr. Ramu Menon

SIMSREE was honoured to have Mr. Ramu Menon, (Director Consulting - Consumer Goods/FMCG at Cognizant Business Consulting) on 7th August, 2014. He is an alumnus of IIM-K & an IT leader with 23+years of global experience in managing IT value creation for the consumer goods industry leaders namely P&G and PepsiCo.

The topic for the guest lecture was - Breakthrough Technologies in IT Sector like Social, Mobile, Analytics, Cloud (SMAC).

The enthralling session began with what traditional business meant. In earlier days, traditional business was characterised by Captive Markets, Brand Driven Messaging (which was one way i. e from producers to consumers), Limited Choice, Lack of Information (Both ways – From producers to consumers & vice versa), Reined in by umpteen regulations and Unfulfilled Regulations to go beyond. On the other hand, current business is characterised by Open Market Access, Customer Driven Communication, Inclusive Organisations, Democratisation of Information, Open Regulations and Abundance of Supply and Opportunity Creators.

Next topic was drivers of this transformation in business. The below factors responsible for bringing about this change were discussed.

• Digital Metamorphosis
• Inclusive Internet
• Belongingness
• Magnification
• Sliver Casting – Self Directed Communication (Fetching information from small group)

Then the discussion veered to impact of business. The new business comes with new rules and new players, for example - Kishore Biyani’s new model for Big Bazaar. New business has also led to extreme transformation, for example Philips foraying in to an entirely new category of Healthcare. Challenging core competency is one of the important changes happening due to new nature of businesses.  Also the concepts of Fluid Core, Radical Adjacencies and Externalisation were duly explained.

Next in line were the technologies enabling these transformations collectively named as SMAC – Social, Mobile, Analytics and Cloud. At the centre of SMAC there are intense social users, volumes of data created by consumers, leveraging footprint i.e. electronic DNA, multitude of platforms, own control & drive your own experience kind of things.

Some of the popular examples of application of SMAC are:- 

• Amazon Pre Shop – Shipping products to consumers based on forecasting
• Coke Freestyle Fountain – A dispenser giving coke with customized flavours
• Miller Colors Smart SKU – Based on Customer spread anticipate sales & perform community sensing
• Dynamic Car Insurance

Active participation of the students was marked by the number of quality questions asked by them and Mr. Ramu Menon answered each of them with due diligence. SIMSREE thanks him for taking out his valuable time and coming on to the campus to interact with students through a guest lecture.

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Mrs Sangeeta Pandit addressing new batch of 2014-16

Director ma'am, faculty colleagues and my dear students,

At the outset, a warm welcome to the batch of 2014-16. Hearty congratulations on getting admission in this esteemed institution.  Your seniors in this orientation period will familiarize you with the culture and ethos of Sydenham Institute of Management.

These 2 years are going to be quite rigorous. You need to attend lectures, make presentations, prepare reports, become part of committees, get sponsorship, participate in competitions, organize events etc .

Your seniors have given you the legacy of Simerations, Simergence, Fiscus, Literathon, Sankalp, SMR and various other gems. You need to retain their glow, further polish them, and perhaps reset them to be aligned to today’s happenings.

Finance is all about balance. For instance, too much of a cash balance means idle cash, dead asset not earning any return, but too little cash would stop the wheels of your very business, one needs the optimum cash balance. Similarly, too much of raw materials stock is unnecessarily locking your cash, not earning anything, risk of the stock getting spoilt or getting obsolete. Too little stock could halt production; lose opportunity to meet unexpected demand. One needs to strike a balance and have the optimum stock.

Likewise, in your 2 years here, you will learn the life skill of striking a balance. You need to bond and make friends that are everlasting but still compete with them to top the class. Sit down together and prepare as one but compete for the same job. Sydenham Management Institute will provide you with the foundation to build on this as well as other skills required to succeed in the business world.

We will introduce you to the complexities of Finance, Marketing, HR and Operations.  However, I also urge you to pick up leadership skills, team spirit, communication skills and acquire strengths that will help you excel in whatever you do.

I exhort each of you to passionately contribute to your institute, for you will get back far more than what you give.

Your time here will be a journey. As your professor, I can say that in the process of teaching you, I will be learning a lot from you. I hope you take this opportunity to learn from the esteemed faculty of this institution, we have a galaxy of experts from the Industry coming as visiting faculty, also from your very capable peers and make the most of this academic atmosphere. At the end of 2 years, I am confident that you will be glad you had joined this Institute and will be equipped to take on the challenges of your chosen profession. God bless you and bless our Institute.

Thank you.

Mrs. Sangeeta Pandit,
Head of Department, Finance
Sydenham Institute of Management Studies, Research and Entrepreneurship Education
(SIMSREE)

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Guest Lecture by Mr. Ashutosh Zawar

The SIMSREE campus witnessed yet another important and enlightening guest lecture, delivered by Mr. Ashutosh Zawar.

Mr. Ashutosh is a rank-holder C.A. (13th All India Rank in May 2002 CA Foundation and 29th Rank in November 2003 CA PE-II exams) and a Bachelor of Commerce from University of Pune. Over the last 3 years after co-founding Academy of Financial Training (AFT), apart from managing the Business Development and day-to-day activities of the business, he has over 1,000 hours of professional training experience. He has been instrumental in launching new training programs and innovating curriculum and training delivery style. The firm has successful training across Basics of Finance, Financial Modeling, Corporate & Project Finance, and Financial Risk Management. Mr. Zawar also provides advisory services to Small and Medium businesses for fund-raising.

Prior to AFT, Mr. Zawar has had around 5 years of experience ranging from Auditing, Investment Banking, Corporate Advisory and Financing Transactions. He worked for over 3 years with the Project Finance team at IDFC, a leading financial services company in the Infrastructure domain, he has worked on sectors such as Healthcare, Education, Tourism, Telecom and Power. His work profile included Operational and Financial Modeling, Business Appraisal, Valuation Analysis, Drafting of Terms and Commercial Negotiations. Before joining IDFC in 2007, he worked with Morgan Stanley’s Investment Banking team for around 2 years

In his addressal to the batch, Mr. Zawar touched upon various topics in Finance, like Fund raising through agencies like Private Equity, Venture Capital, Angel Investors, etc. He explained in detail the roles which a Finance MBA graduate can take up after graduation

In the lecture, Mr. Zawar emphasized on the importance of Microsoft Office in the financial sector. He stressed that fluency in softwares like MS Excel, MS word is extremely important and it is an indispensable part of the career.

The session was quite interactive throughout, and Mr. Zawar fielded the questions asked by the students with comfort, answering each of them.

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SIM'ergence 14

SIM’ergence is the annual flagship corporate event of SIMSREE. It is organized by ‘Corporate Relations Committee’ of SIMSREE in association with BSE (Bombay Stock Exchange). With the aim of bringing about an interaction between management students and corporate, the event is being organized successfully from the past one decade. Pragmatically, it’s an annual academia-industry interface, where in, the stalwarts of the Business and Industrial world come together to discuss the issues and scorching questions faced by the various industries and identify what could be the future business trends. Persisting with this trend, SIM’ergence was organized on 14^th March, 2014 at BSE’s International Convention Hall.  Keeping with its tradition of picking up themes that are to contemporary industrial and economic scenario, The theme for SIM’ergence 14 was ‘Turbulent Times: Thriving or Surviving?’

Indian market was recently surrounded by many impediments including depreciation of rupee, rising crude oil prices, low consumer demands, low investor  confidence. Bad loans, lack of infrastructure, weak government at the helm were also adding to the already existing woes. As future managers, these events were very relevant to the management students.  SIM’ergence 14 provided the platform for the students to meet and understand the views of established players from across the industries which would guide them to prepare the necessary strategies when they actually start dealing with the things in their corporate career. This grand event was witnessed by both 1^st & 2^nd year students of SIMSREE, many students and professors from other eminent business schools from Mumbai.

The event was started by the traditional lighting of the lamp along with Saraswati Vandana. Dr. Sandhya Dhabe (Director, SIMSREE) then delivered the welcome note in which she summarized the idea behind the theme of the event. “Today’s economy is going through a bad phase. Even the big organizations are losing their dominance. Little start-ups are struggling big time. So to survive in this situation it is necessary to understand the various strategies and the plans of action by the students (who are managers to be)”, said Dr.  Dhabe.

SIMSREE was honoured to have Mr. M. B. Parekh (Chairman, Pidilite) as the chief guest of SIM’ergence 14. “It is very easy to get distracted by turbulence.  But one should not get distracted by the same. There should be a clear vision to identify the opportunities in the period of turbulence”, Mr. M. B. Parekh said. He elaborated the opportunities conveyed by turbulences by the example of Seagulls catching fishes in turbulences created by a passing boat. “Robust Business Model, Flexibility and Alertness are the three keys for surviving in turbulent times.”, Mr. Parekh concluded. Students were enthralled by his simplicity and pleasant personality.

Mr. Madhukar Sabnavis (Vice Chairman & Country Head (Discovery & Planning), Ogilvy & Mather) was the Guest of Honour at SIM’ergence 14. An ardent cricket fan, Mr Sabnavis quoted examples of two classic test matches to highlight few winning strategies like ‘Playing to the strength’ and ‘Keeping faith in themselves’. Mr. Sabnavis said, “When you hit the turbulence, you will definitely find your way to come out of it.” Apart from this, he gave many examples through the clippings of famous advertisements & movies.

Following this, students witnessed the keynote speaker Mr. Vaidison Krishnamurty (Director, Transaction Services & Private Equity (Mergers & Acquisions), PricewaterhouseCoopers) extending his views on the theme of the event. Through his immense experience in dealing with foreign investors, He explained how all these investors look at India as an investment destination. “Thriving and Surviving are the two ends of the spectrum. Indian economy is lying in the middle.” Mr. Krishnamurty opined. Mr. Krishnamurty expressed his worry about the future situation in India especially on fronts like employment creation, growth of manufacturing sector. He also hailed good legal systems, Government measures like DBT, strong central bank as India’s plus points. 

Icing on the cake was the guidance from Mr. Sanjeev Churiwala (CFO, Ambuja Cements Ltd.), who happened to be the special guest speaker, on the theme of the event. Mr Churiwala elaborated the drastic changes in India since opening up of the economy by quoting figures like GDP, FDI Inflow, exports and Foreign Exchange Reserves of India. Mr Churiwala highlighted burning issues like infrastructure, changing consumer preferences. Concluding on an inspiring note, he guided students by saying, “The exposure, willpower and the clear mindset are the factors that make the brighter MBA students stand out from the entire lot. At the end of the day, it is hard work and stable mind that would prove the potential of the students.”

Panel Discussion -1:-

The speeches were followed by panel discussions. The topic for the first panel discussion was ‘Leveraging Turbulence: The Key to Dominance’. The industry stalwarts participating in this discussion were:-

1.      Mr. Rajiv Bajaj, Associate Director- CS & CFO, Panasonic (Moderator)

2.      Ms. Vibha Padalkar, Executive Director & CFO, HDFC Life

3.      Mr. Sandeep Gokhale, President, JSW Steel Ltd.

4.      Mr. Bharat Sampat, Executive Vice President & CFO, Development Credit Bank

5.      Mr. Sudeep Nair, Global Head (Business Transformation), JLT

6.      Mr. Srinivasan Gopalan, CFO & COO, The Wadhwa Group

Mr. Rajiv Bajaj kicked off the discussion by fetching reference to the turbulent situation of Dollar-Rupee conversion. “At the end of the day, everyone is here to make money. If you are not doing that, then probably you are not adding value to yourself or to the society in which you are operating”, Mr. Bajaj put forward his thought.

Ms. Vibha Padalkar talked about the turbulences observed everyday in financial sector. She elaborated the impact of globalisation by various examples. She also discussed Snow-balling effect, impact of regulatory policies and elaborated change management strategies by discussing examples. “To sum it up, it is necessary for us to be a catalyst of change to cause disruptions in the market.” quoted Ms. Padalkar.

Mr. Sandeep Gokhale highlighted that turbulences are due to perceptions and frequently changing policies. “In short, turbulence is in human mind and there is no external force which comes to announce that there would now be turbulence in the world. Hence, we need to handle the mental turbulence first. Also, there needs to be cohesive working among different sectors. Unless this happens, turbulence is bound to be there in our mind and hence in the market.”

Mr. Bharat Sampat highlighted the role of anticipation of change and making decisions regarding acceptable risk in dealing with turbulences. Mr Sampat said, “In the financial sector, there are four areas where the turbulence can happen i.e. currency, inflation, internal debt & external debt. All these four can have effect on banking. These are the signals to be watched for.” Mr Sampat also advised audience to watch out for changes in technology.

Mr. Sudeep Nair highlighted the new ways of working that can emerge through the turbulences by saying “Whenever a company faces turbulence, whether by their own will or by external forces they will get transformed. So, we need to define new ways of working in the future. That is what the function of ‘Business Transformation’ does.”

Mr. Srinivasan Gopalan elaborated the brighter side of turbulences by saying, “I just love turbulence because my presence is felt during turbulence than when things are going good. If we can make a difference to an organization then that is why we should exist.” Mr. Gopalan also elaborated on the role of customers, intermediaries, shareholders. He also stressed on establishing and maintaining relations with them.

On a positive note, panellist concluded that the turbulence would always be there and how we respond to it would make the difference. 

Panel Discussion -2:-

The topic for second panel discussion was ‘Is your Talent Strategy built for Uncertain Times?’. The theme was chosen in order to understand the human aspect of managing turbulences.  The panel included following dignitaries:-

1.      Mr. Vinay Deshpande, Chief People Officer, Financial Services Sector, Mahindra & Mahindra (Moderator)

2.      Dr. Ajay Oberoi, Chief People Officer & Head Admin, IDBI Federal

3.      Mr. Vikram Bector, Chief Talent Officer, Tata Motors

4.      Dr.  Sheen Akkara, Director (HR), India Region, Nielsen

5.      Mr. Manoj Phadnis, Group Executive Vice President & Head HCM, Yes Bank

6.      Mr. Rituraj Sar, VP & Head- Learning & Development, Lupin Ltd.

Mr. Vinay Deshpande, who was the moderator, started the discussion by putting forward his thoughts on the subject. Mr Deshpande elaborated ‘Talent’ as an uncompromisable necessity. He lucidly described his idea of talent management by saying,
“Today there is turbulence, but tomorrow there might be an upswing. So, I would like to look at talent from both fishing and farming perspective”,

Dr. Ajay Oberoi put forth some examples from history, like Gold-Carter Breakage, Asian Financial Crisis to bring in some perspective. Dr Oberoi also explained how people failed to learn lessons from these situations. Going back to basics was his advice to the talent managers of the future.  

Mr. Manoj Phadnis elaborated his take on talent by saying “It is actually the matter of identifying what every individual has the ability and utilizing it for the benefit of the organization and that’s what real talent is all about.” According to him, the key was to identify opportunity, engaging people, being proactive and gaining trust of employees.

Dr. Sheen Akkara compared career to a marathon and stressed the huge advantage of starting career in uncertain times. Underlining the importance of loyalty, he said, “It is necessary to preserve loyalty during uncertain times. The only thing that is certain in the organizations is the ‘Uncertainty’.”

Mr. Vikram Bector explained the human nature that tries to get away from turbulences. Maintaining energy and learning from the experiences was the success Mantra according to Mr. Bector. Underlining the role of a talent manager, he said, “Top talent, Expectations from the gen-next, Culture etc. are some of the levers that HRs need to handle during uncertain times. “

Mr. Rituraj Sar elaborated the role played by sense of purpose in surviving through the tough times by saying, “We need to ask three questions to ourselves viz. 1) What is my trigger? 2) What makes me get the best out of myself? 3) What makes me double up my ownership and accountability for whatever I am doing? If we try to get answers to these 3 questions, we would get the purpose going for ourselves. “

All in all, the entire event was a grand success. Students of SIMSREE got a lifetime opportunity to interact with many industry stalwarts and that too on the single stage. They got tremendous amount of knowledge from the eminent guests that served the purpose of the event. SIMSREE thanks all the guest speakers who graced SIM’ergence 14 despite their tight schedules.

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HER initiative (Hi) - A step towards forming 'Women Entrepreneurs'

8th March saw a flurry of activity on the campus at Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE). It had to be, after all it was the 8th Of March’14- Launch of the movement ‘HER initiative’ (Hi)!

‘Hi’ says that women are already empowered & now it’s time to take initiative! Women could be a true driving force, if only they could take those initiatives, howsoever small!

The audience consisted of a mix of students from different colleges and streams - all of whom who were very curious to know about ‘Hi’. It focused on creating a platform where women students could get inspired & imbibe the initiative-taking qualities of esteemed women entrepreneurs! This was followed by a business-plan workshop to train students and aspiring entrepreneurs with specific techniques and tools to create a road map for actualizing their personal business idea.

The women speakers who graciously agreed to address the audience were all fabulous achievers in their own right and in their own fields! The initiatives spoken of in their respective fields helped the students gain perspective of the manner in which one can take the proverbial plunge into entrepreneurship. Overall, the audience absolutely loved the concept & supported the movement. Our speakers also lauded the initiative and wished it the best of luck.

‘Hi’ now aims to become a full-fledged movement & become an organization which helps women, especially students, by training and mentoring them with the help of accomplished women entrepreneurs/intrapreneurs. All this whilst trying to create a brand out of ‘HER initiative’ & utilize the same in fashion apparel; the revenue of which would be used to self-sustain and spread further the movement of ‘Hi’.

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Sankalp'14 - A social event of SIMSREE

Sankalp '14, a social of SIMSREE, was held with great fanfare on March 2, 2014. Organized by the Student Social Responsibility (SSR) Committee at SIMSREE, Sankalp is about creating an impact in society by creating awareness about burning social issues. It counts on the decision-making capability of MBA students to generate solutions for social organizations in need.

Last year, Sankalp’s theme was ‘Empowerment of Women’ and it was a resounding success. This year, in light of the 2014 elections, ‘Voting Awareness’ theme was chosen casting a spotlight on voting in India. Factors such as social media, the AAP, endless scams and indecisive leaders have led to a reinvigorated voter base, including a huge youth group. However, in the past, this has seldom resulted in a high voter turnout. 
(Link : - 'Article - Voter Registration Drive')

To remedy this problem, the SSR committee kicked off Sankalp '14 with a hugely successful voter registration drive – in association with ‘Vote for a Better India’ – on Republic Day. This was followed up by a viral video competition on social media, which reached thousands of people in the youth demographic.

On March 2, the main event kicked off with an addressal by eminent filmmaker and activist Mr. Ashoke Pandit and Prof. Sangeeta Pandit (HOD Finance, SIMSREE). After a short break, the case competition kicked off with Dr. Anup Ramani and Prof. Sangeeta Pandit serving as judges. This competition was tailored around a live case in association with the ‘Indian Cancer Society’. Participants were tasked with solving a problem faced by ICS.

After this, the event continued with a social B-plan competition judged by Mr. Anil Agarwal (Head of Corporate Financial Planning and Analytics at Syntel), Mr. Sugato Basu (GM - Corporate Marketing, Syntel) and Mr. Sandeep Varma. The four finalists in this event presented fascinating ideas backed by facts and figures.

The final event of the day was a debate competition with three invigorating and vociferous rounds. The debate was judged by Ms. Charulata Ravi Kumar, Dr. Agnelo Menezes and Mr. Roy Varghese. High calibre participants and jury members ensured that the three events were very successful.

We are thankful to our sponsors Union Bank of India, HDFC Mutual Fund and Charagh Din; without whom it wouldn't have been possible for us to conduct this event on such a grand scale. We are also grateful to Prof. Sangeeta Pandit, Dr. R.K.Srivastava and Prof. Aashish Pawaskar who constantly encouraged us and helped us whenever required.

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