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Mr Saurabh Dixit in his address gave details on the evolution of the HR function. He cited the difference between Best people and Right people with the quote "People are not the most important asset, right people are." Mr TK Mandal (Vice President HR, J. K. Papers Ltd.) took forward the theme of the conclave with his address on aCompetency based Talent Management Process at J. K. Papers Ltd.a He addressed the need to assess readiness for leadership transition, accelerate development and focus on driving performance.

Mr Arvind Joshi (President - HR of Dishman Pharmaceuticals and chemicals Ltd.) talked about aHRM Strategies in the Globally Competitive Scenarioa. He stressed upon the importance of young leadership in the future of management and the end of hierarchical structure in organizations. Mr Seshadri Rajaram (CEO of Eirhart Leimer, India) spoke about Challenges to HR function like Innovative/ Humane work practices, Empowerment of Employees and finally Knowledge Management. Mr Ghanshyam Singh (ASTA India) answered questions regarding current & future HR practices and their impact on the industry.

Mr Dilip Gaur (Group Executive President, Aditya Birla Group), Mr Bala Sundaram (Director- HR, Gujarat Gas Ltd.) and Mr Sanjeev Maheshwari (GM-HR, KEC International Ltd.) addressed the need for employee engagement to excel in the highly competitive market. They also talked about educational institutions adapting and updating their syllabus for facing newer challenges.
The event started with the lighting of the lamp by Prof MN Tripathi, Faculty member at XIMB & moderator for the panel discussion and the various panelists. During the discussion, stress was laid on value oriented marketing strategies to tap the rural potential and understand the consumer preferences. Strategies like cutting down excise duties and further reducing prices to ensure that the products stay competitive with respect to local products were suggested by the speakers. The discussion was followed by a question & answer session in which the students asked questions related to the role of government in applying these strategies at the base of the pyramid and options available for developing sustainable brands. Finally, Prof MN Tripathi summed up the talk and also presented his views on the topic.

Also, the results of the paper presentation contest held as a precursor to the event were announced, with Team Sapphire (Chetan Jagoria, Pooja Agarwal) from IIM Ahmadabad bagging the first prize, and Team Famous ( Gaurav Hazrate, Sankit Shah) from FMS Delhi netting the second. The October a08 edition of the MAXIM newsletter was also released by the panelists and Professor MN Tripathi. The vote of thanks was offered by Ms Paromita Goswami, Faculty member at XIMB, who also presented mementos to the panelists and the moderator.
The fourth General management Programme is running at IIM Lucknow's Noida Campus with 59 Defence Officers out of which 7 candidates are Lady Officers. In the 5th programme, 65 officers (44 Army, 11 Air-force and 10 Navy) including 21 lady officers have been selected for the programme.

The objective of the GMP is to provide the participants with a basic understanding of the managerial systems and processes. The programme has been designed to provide the defence officers with basic functional inputs in subjects such as accounting and finance, decision sciences, organizational behavior, human resources management, communication skills, marketing, strategy, information technology and business environment.
The first two winners of the competition will get an all expenses paid trip to participate in a student investment forum, R.I.S.E. IX (Redefining Investment Strategy Education) to be held on March 26-28, 2009 at the University of Dayton, Ohio, USA. The first prize winner will also receive a Mindful Leadership Rolling Trophy. Third prize winner will receive a free trip to LIBA to attend the Mother Teresa award function, cash prize and a certificate while fourth to tenth prize winners will get Certificates of Commendation.

This competition is open to all full-time bonafide undergraduate and graduate students of accredited education institute, college or University. Entries can be posted online from October 20, 2008 and the last date for submission is January 12, 2009. Information related to judging criteria, awards and important dates can be found on http://liba.edu/mindfulleadership
JBIMS will be hosting 'Strategym-2008' on October 20-21, 2008 at the ITC Grand Maratha, Mumbai. Strategym, now in its 13th year, provides a platform for the students of JBIMS to apply their knowledge and business acumen to find solutions to contemporary management issues. Among the 8 finalist selected from the elimination round, following are the papers to be presented this year:
1. Diagnosing corporate sickness
2. Weather Derivatives
3. Social Security in India
4. Reorganizing Indian retail
5. Indian railways: What next?
6. Economic Footprinting
7. Home equity liquidation
8. Connecting Bharat

Marketing Maestro, the entrepreneurial event of JBIMS will be held on October 22, 2008. The event will be judged by Mr Arun Sehgal, the man behind Winning Edge, an organization spread across seven countries. The game would require the participants to set up a trading enterprise.

The theme for 'Samanvay 2008' is 'Hope: In Today's age of turbulence'. It will be held at the BSE Convention centre on October 23, 2008. This year will witness participants like Mr Arun Maira, Director, Boston Consulting Group, Mr Rakesh Jhunjhunwala, Partner, Rare Enterprises, Mr Sameer Sain, CEO and MD, Future Capital Holdings and Mr Sudip Bandyopadhyay, CEO, Reliance Money interacting with the students.

The week concludes with Prayaag on October 24-26, 2008 on the theme 'Athena: The Greek Goddess of strategic warfare and heroic endeavor'. It will consists of 16 different events spread over three days which will test the art, wisdom, skills, knowledge, business acumen and application of participants. 'The Quest to reach Olympus' is the flagship event and will test the participants in a multi-faceted manner. Tata Kwizkraft will have a quiz hosted by Mr Dhananjay Shettigar. Apart from the above events, there are other events like Hermesa Vision, Demeter, Athenaas Scroll, Titanomachia, etc.
According to the agreement, up to four students from SDM-IMD would get an opportunity to spend a semester and attend courses at Mays Business School. An equal number of MBA students from Mays would be invited to study a semester in SDM-IMD campus in Mysore. As an alternative, the agreement also envisions undergraduate students from Mays attending a five-week summer programme during May-June, focused on conducting business in India, at SDM-IMD. The exchange will also encourage institutions to promote the exchange of faculty for teaching and collaborative research programmes.

The event proceeded with preliminary rounds of all the academic and non-academic games on the first day. The HR game 'Hu-ances' had participants linking the various colours with the organizational functions. The IT game aIT managers: Call the shota was an online simulation game wherein participants were expected to manage the activities of hiring and firing employees such that the time involved in the operations is least and is most cost efficient. In the Okonomos game aIn the marketa, participants were given INR 500 and were told to maximize the profits using resources available on the campus. The team which generated maximum profit got the maximum points. The Finance game saw the teams submitting a Fixed Maturity Plan portfolio (FMP) model for investment in agreen businesses and elimination was done on the basis of business viability, scope for market penetration etc. The game aBest Managera was divided into various stages; the first was the ice breakers-Introduction game, the second-a Pictionary game and the third one-a treasure hunt wherein student managers were noticed running and collecting their treasures. The marketing game required the participants to prepare a brand roadmap for a hypothetical product/service and participants came up with products such as stress-relieving gum, cosmetic removal special soap and eco-friendly condoms. The Operations game had a quiz consisting 40 questions encompassing various aspects of operations. A corporate quiz was conducted by the quizmaster Mr Avinash Mudaliar, with participation from corporate as well as B-schools. The quiz was won by the team Questa from IMRB.

In the evening, there was a Panel Discussion on the topic 'Corporate Social Responsibility- Have the Corporate missed the Forest for the Trees' saw participants like Avinash Mudaliar, Siddharth Kumar, Asha Jowarkar and Prof Gajavelli VS. The highlight of the evening was a concert by Mohit Chauhan, the Silk Route fame. Mohit entertained the IMT-N crowd by singing from his albums like Boondein, also some Bollywood numbers.

The second and final day saw the finals of all major games. The second half of the event started with HR finals where the six qualified teams were told to conceive an HR plan for an IT consultancy whose clients are Oil companies so as to make their operations eco-friendly. The winners of this game were Insighters IIM-A and Vaastu IMT-N (A tie for the first position). Simultaneously, in the IT game, teams were required to give a 10 minute presentation of their workings in the simulation round (Preliminaries). Teams focused on topics like Eco Innovation & Eco effective, Changing Management Paradigm in IT era etc. Green peace of IMT-N emerged as the winners with Insighters form IIM-A as the runners up. The Marketing game finals included the design of an election campaign for any political parties. The team from IIM-A, Insighters was declared the winners and IMIas S took the position of the runners up. The game aB-Plana focused on the participantsa ability to draw the layout of a realistic business idea which may be pursued by them in the near future. Team from IMT-N was the winners with NITIE team being the runners up. The operations final had a fictional case of Alfa Filters and the demand had to be forecasted basing on some conditions or scenario given for each month. The main objective was profit maximization. FMS aFamousa stood first with IIM-A aInsightersa as the runners up. The abest managera finals had Nishant Shastri of IMI as the winner.

The aTheme Gamea was won by team from FMS and team from IMI was second. In the Finance Game finals with a structured portfolio presentation Iconics from IMT-G held the first position. After the games, the event ended with a cultural night including dance, music and fashion show.
This is the ninth year that the centre is running the series of free evening lectures and networking sessions which take place during the months of October and November and recommence in January and February. The Enterprise Tuesday evenings are open to all Cambridge University staff and students, other universities and members of the high tech business community and forms part of the entrepreneurial elective on the Cambridge MBA degree.

Each Enterprise Tuesday focuses on a specific element of how to turn an entrepreneurial concept into a reality, covering such subjects as motivation, recognizing opportunities, advice on how to pitch ideas, building a dream team, matching business ideas with sources of funding and understanding why mistakes happen and how they can be turned into opportunities. Its aim is to introduce participants to the world of business, as well as to encourage and inspire individuals to pursue their entrepreneurial ambition.

The first lecture of this series will take place tonight on October 21, 2008 at 1800hrs & will be lead by Richard Green, CEO of Ubisense, Paul Webster, Co-founder and Director of Ubisense, and Professor Andy Hopper CBE FREng FRS, Head of Department at the Computer Laboratory.

For further details, visit: www.cfel.jbs.cam.ac.uk
The fest starts off with the Prerana Business Meet, a forum that will bring together corporate executives to share their views on the topic 'The Indian Growth Story: Is the Roar Bigger than the Tiger?'. This yearas speakers are Chander Mohan Sethi, Chairman & Managing Director, Reckitt Benckiser; Saugata Gupta, CEO, Consumer Products, MARICO; Dev Bhattacharya, Chairman & Managing Director, Aditya Birla Minacs; Tim Uthama, Head Wholesale Banking, Standard Chartered; and V Thulasidas, Former Chairman, NACIL. Also, Avinash Mudaliar will be the quizmaster for PBQ (Prerana Business Quiz).

The Summer Project Contest, the flagship Event of Prerana, provides a platform for the students to benchmark their summer projects against the best in the nation. Students present their internship presentations to the jury with details about the challenges faced, initiatives undertaken and solutions devised over their two month stint in the corporate world. This year, the Summer Project Contest has received over 300 entries. The contest has five modules for Marketing, Finance, IT, HR and SCM covering all aspects of management.

MastishK, the Prerana online event, will test the business acumen of management students in real life business scenarios through online simulation games. Decibelz 2008 on October 23, 2008 will see the 'Rock on' trio Shankar Ehsaan Loy, perform and conclude the annual festival.

The typical situation for most such people is as follows. They have done well in at least one of the mock CATs that they appeared for and many wonder whether it was a fluke. Unfortunately itas the stage when many give up hope, thinking simply that they are just not good enough and many lose their way, because they donat know what needs to be done to make the final cut.

In the final stages one has to study smart and not hard. It requires a lot of analysis, patience and the will to believe. I shall break the problem down to smaller elements...

1. The approach you should take
2. The techniques you should have mastered
3. The analysis you REALLY need to do


1. The approach you should take

The best strategy is to take one mock test a day followed by a detailed analysis of the test. In the remaining time, you could clear the concepts you find lacking in various sections and improve on preparation holes surface from the mock test analysis.

The idea of taking as many tests as possible is to get you battle ready, with barely a month remaining, most people have already done a lot of practice and are sufficiently aware of various concepts for all sections. However taking a test itself is an art and requires a lot of stamina and patience.

You must also keep in mind your stage of preparation; if your concepts still need improvement then you could take lesser number tests. You should also not end up in a situation that at the time of the D-Day you become totally fatigued. Itas always good to relax once in a while. So one should take as many tests possible keeping these aspects in mind.

The best way to approach every mock test is to try and do it better than your best. If you could do that for every test, then you are on the path to beat the rest.

Ideally people should spend their day according to how it would be on the D-day. That is, take all your mock tests at 10 am. That gets the entire body clock to function accordingly. I have often seen that people who are used to practicing in the night, are not able to perform with the same efficiency in the morning. However for those who cannot practice in the morning, they should find opportunities to test themselves in the morning. It is admissible to go late to office once in a while.

To get your body clock to work for you when the CAT clock is working against you, one should get up every day like it were the d-day. Do what you would do before the actual exam, eat light and do whatever makes you feel good. Under any circumstances donat fall for a gastronomical meal before the exam.

Wear the most comfortable clothes you have because the last thing you want to worry about is the jeans being too tight for you to fit in. Accept that you are not going to a fashion show after all.

For the first five minutes before you take the mock test, do some mental calculations to get your head running and stimulated, quite like an athlete warms up his body.

How the CAT is solved has led to a more than a billion dollar industry, hence I would not delve on the point. But one needs to have evolved to certain levels in their approach, technique and strategy in order to crack the CAT. Itas not necessary that you would have developed each one of these. But some techniques could be...

2. The techniques you should have mastered

General

Give 2 minutes to browse through the sections and glance over the type of questions, to understand which section you should take up first. Following a strategy of solving only English or Mathas first could lead to your doom, especially if thatas the tough section.

One easy technique in the Math section is to look out for short questions, of the nature you easily able to recognize.
In order to develop a sense of selecting a section you need to develop the ability of glancing through.
Glancing involves spotting the key elements of the question to understand what it is about. It is something we all do when the time is precious, but one needas to put a lot of thought about how to select a question after glancing it. It is a sin to read the entire question in order to decide whether you would solve it. Time is extremely precious. Hence glancing questions and sections through can give you the start you need.

Reading a question twice is could also lead to trouble; one must develop the ability to assimilate all information while reading in a precise manner at once. One technique could be to jot down the values beside the question as you read it.

Maths

While it is good to know the formulae behind different types of questions, your approach should not be to look for formulae to solve a question. In fact a lot of questions could be solved through simple logic. When doing the problem focus on what the problem is rather than which formula to apply. Try to reduce your dependence on knowing multiple formulae with short cuts, for different types of questions.
This said, there are obviously situations when you just canat do without the formulae, again the idea is one should not be worried about whether he or she remembers them, be confident about what you know and not worry about what you donat know. Once a week you go through the formulae that you feel are important, an interesting way to decipher the same is to play around and combine formulae and think what twists you could bring in them.

You need to be able to spot the easy questions irrespective of your ability to solve certain type of questions, which perhaps is one of the greatest tricks to crack the CAT.

You definitely need to let your ego die. Just because you have solved 500 questions in Probability and have developed a comfort level in it, does not mean you would be able to solve the 501st question. It also could lead to a trap, where you would end up wasting time on a long drawn out question.

Continued on the next page...

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Working out a question backwards from the answer, is an underutilized form of answering. Try practicing it even for those questions which seem impossible to be solved by the approach. Most questions are solved through multiple steps, at each step try and use the given answers to your advantage. Developing ability to do so can save you precious time.

You should definitely have developed a comfort if not a mastery towards all forms of questions, you never know which questions might come easy.

Data Interpretation

You should be able to solve DI questions without using a pen. DI questions are normally ones in which calculations are required. Hence if you begin to write things down for each and every question, then DI can consume a lot of time.

You should focus on solving problems without using a pen as far as possible. This is to challenge you to think of innovative ways to solve questions. In DI, itas important to understand that calculating the correct answer is not the challenge; the challenge lies in spotting the right answer. If there are questions where you need to calculate then probably the question is not worth answering.

The above words are more of an approach to follow. Some people find it very difficult to solve DI as it requires a lot of calculation and they think they are just not that fast with numbers. If something however is working well for you, then perhaps you can continue with your strategy.

You should have developed your own tricks for addition, subtraction, percentages etc. Simple calculations, for instance adding of (36+78+93+41+76+89+53=466) should not hassle you too much. One technique is to round them off (35+80+95+40+75+90+55=470). Generally, that is enough to indicate the right answer.

Similar percentage calculations of 348/812 should not be a problem. A convenient way is to take 10% of the denominator (which in this case is 81.2), 4 times of 10% or 40% is ~324 which leaves a remainder of (348-324) of 24. Then take 1% of denominator (which is 8.12), ~3% therefore would be 24, so you get an answer as ~43%.

Though at first this may seem tedious it actually is a technique you could use to calculate percentages real fast within your mind. You should have developed your ways of identifying which graph would be easy to read; for instance, pie-chart questions are usually the easy ones. However, do not put too much weightage on pre-conceived notions.

You should have developed a way of jotting down markings on each graph to help you simplify the problem. For instance line graphs with more than 3-4 lines can often confuse you, you could make marks on the line to differentiate easily.

English

Reading Comprehension is normally a cause of concern for many people. You should have by now been able to develop multiple ways of reading a comprehension passage. For example, some test-takers read questions first to get a hang on whether the questions are factual or philosophical. Some people read the first paragraph, the last paragraph and the first lines of each paragraph and then try to attempt questions directly.

Some people develop very fast reading abilities and hence comprehension becomes a cakewalk for them. For each type of comprehension passage, you should have a ready strategy. If majority of the questions seem too factual, then perhaps reading the first lines of each paragraph, should give you sufficient idea about where the answer lies. Some people only look to solve factual questions across all passages.

Reading the first paragraph slowly is often key to understanding the rest of the passage, hence it's always advisable to read the first paragraph slowly.

A common time consuming problem in comprehension and other english questions is that more than one answer seems right, and we often end up wasting crucial minutes trying to argue over the ambiguity between possibly correct options. More often than not, we get half of our intelligent answers wrong. One needs to have the trick to break away from this mental loop. A technique I personally adopted was to mark the longer answer as correct. You could always keep a mark of the question and return if you have time.

3. The analysis you REALLY need to do

People are often happy just taking the test and then seeing what was their score is at the end of it. I think itas the worst approach you could have. You need to do a detailed analysis for every test you take. It could be the difference between you doing good and doing your best. One must carefully do the following...

How many and which easy questions did you miss and why did you miss them? Did you leave them because they were long? Did you leave them because you were not confident in their concepts? Did initial wastage of time lead to missing easy section?

Which questions did you answer wrong and where did you go wrong, made careless mistakes or suffer from ignorance of concepts etc?

For every mock test, you could track the number of questions you could not solve due to lack of concepts, the number of easy questions you missed and how many questions were answered incorrectly due to careless mistakes. This could help you identify crucial improvement areas

The most important point being - which questions could have been solved faster, and how could they have saved precious minutes?

For example, which questions could have been solved using the answer directly, or which questions could one have solved using a simpler approach rather than the complicated approaches we often adopt? This insight is extremely important, because it often leads to you being able to identify easy questions and considerably reduces your dependence on formulae.

In English, you should carefully see which passages you ought to have have attempted, and what could have been the reading style. Hence you need to spend time on thinking multiple ways to solve a problem.

The importance of analysis cannot stressed upon more. Itas a simple process however it should be thorough, often taking more than 3-4 hours.

I hope these simple thoughts will help you make the cut. May the force be with you!!

Sarang Gupta is a Consultant with SAP Labs India, Gurgaon and an alumnus of XIM, Bhubhaneswar. The article is based on his experiences with the XAT exam, in which he scored 99.7 percentile.

The views expressed in the article are the author's own and PaGaLGuY does not necessarily subscribe to them.

Mumbai-based National Institute of Industrial Engineering (NITIE) organized aPreranaa - its annual three day management festival on Thursday, October 23. The event kicked off with a seminar on the topic - aIndiaas growth story: Is the roar bigger than the Tiger?a. Senior executives from organizations such as Standard Chartered Bank, Aditya Birla Minacs and National Aviation Company of India Ltd. (NACIL) spoke at the seminar and shared their views on the economy in India and how MBA students ought to prepare themselves for the challenges that lie ahead.

Speaking on the subject, Mr Chander Mohan Sethi, Chairman a Reckitt Benckiser said, aIf one doesnat realize that itas a long term challenge then one will end up running very fast but eventually trip. At the end of the day, no shortcuts should be taken. If youare good then thereas no threat. If youare good then youad better be very good. People would have to be a lot more realistic and asillya salaries would not be around anymore. Not to imply that companies would use the crisis as an excuse to shortchange students, but slow and steady earnings would be the futurea.

Mr Tim Utama, Head a Wholesale banking, Standard Chartered Bank added, aI like talking to MBA students as I can provide them with a reality check. Itas great to be ambitious but one cannot cut corners and short-circuit experience especially in a downturn economy where experience counts. Itas time to move beyond labour arbitrage and explore more critical issues such as how we add value. You create confidence levels by adding value. You canat change whatas coming but you can change how you react to it. Students should attempt to benchmark themselves with the rest of the world. Whichever sector a student is in, he should make sure that his fundamentals are stronga.

Mr Dev Bhattacharya, MD a Aditya Birla Minacs commented on the financial crisis, aOne of the problems is that we still donat know the size of the problem. Itas good to know of open-ended bailout packages but thatas proof of the fact that we still donat know what weare up against! What we are witnessing now is a asupply overhanga situation; lots of assets created in anticipation of demand which has resulted in a supply overhang for assets. Capitalism as an institute is getting besieged and socialism is making a vicarious entry into the global market. Marx would be saying now, aI told you soaa.

He further said, aSo much wealth has been created in the past five years that the global economy can sustain itself and liquidity wonat be a problem. People are saying that seven percent growth is also good but deceleration is not just indicative of slowdown but in fact of a crash. China should teach us how we can deal with the problem of supply overhang. Its overwhelmingly export driven economy has created this situation for them and it remains to be seen how they shift the burden to their domestic economya.

The week will culminate with aEnsemble 2008a, the flagship management festival of XLRI. The previous yearas edition of Ensemble, with the theme aAdvantage India: The bird of gold spreads its wingsa, saw over 300 participants from various b-schools and prize money aggregating to over eight lakhs. The theme for Ensemble 2008 is aMagis: Delivering Excellencea.

The major events of Ensemble 2008 are the Idea Summit and Discessio Imperators, the flagship game. The Idea Summit is a panel discussion where panelists share their experiences with b-school students. The confirmed panelists this year are Mr Prabhakar Valivati (Managing Director, RelQ Software Private Ltd) and Mr Raghunath Medge, one of the Mumbai Dabbawallahs. Talks are also on with the Railway Minister, Mr Laloo Prasad Yadav. This year, the panel discussion will be based on the theme of Entrepreneurship.

For more information, visit http://ensemble-xlri.com/

Twenty women from Asia/Pacific, Middle East & Africa have been offered full scholarships to pursue the Postgraduate Diploma of Business Administration from U21Global, an online Graduate School. The recipients have an average of 12 years work experience in the travel and tourism industry. They work in organizations like national tourism councils, airlines, hotels, travel agencies and travel publications. The majority are in mid-to-senior level managerial positions.

This yearas scholarship recipients will begin their first class in October. The curriculum has been developed by Christel DeHaan from Tourism and Travel Research Institute, a part of Nottingham University Business School and U21Global.

The MasterCard Worldwide-U21Global Scholarship Program for women in travel and tourism aims to empower working women professionals in the travel and tourism industry to stay ahead of industry trends and realize their full potential.

For more information, visit: www.u21global.edu.sg
Prof Rajkumar Phatate, the mentor for Kushagra, addressed students and said, aEntrepreneurship is not always about starting a new company and making money. It is a way of thinking, a way of reasoning. It is a journey which itself is rewarding.a

Prof V Gopal, Dean, Academics informed the audience about entrepreneurial activities like the Studentsa Co-operative Store in the INT-N campus. He also mentioned www.rentimental.com, a venture started by IMT-N alumni as an example to stress that aYou need not have a business background to start on your own. The only question is, are you ready to bet your shirt for something that you really believe in?a

Mr Shoummo K Acharya spoke on the topic aEntrepreneurship is the futurea. While talking about entrepreneurship he said, aIt is not genetic, but it can be environmental. The time to start you own venture depends on your own internal desire to do it and the amount of risk you are ready to handle.a

Some questions like aDoes luck play an important role?a, aWhat can be the reasons for failure of a venture?a and aHow do draw a line between confidence and over-confidence?a were answered by Mr Acharya. He stressed upon the importance of networking for any business and advised the students to afind out an angel amongst your relatives and friends who will give you the initial fundinga.
The aim behind the convention was to familiarize the principals with the concept of entrepreneurship, globalization, and socially responsible citizenship. The conference discussed topics such as building entrepreneurial leadership in schools, emotional intelligence for educational leadership, strategy for globalization in schools, creating socially responsible learning environment in schools, education for citizenship and linking school education to professional academic programmes.

Giving insights on need for principals to become entrepreneurial leaders and how entrepreneurial leadership can bring change in schools, Prof IM Pandey, Director, Pearl School of Business, said, aThe present education system in India, so far, has not been able to promote independent thinking, creativity, spirit of innovation and motivation for setting a challenging and achievable goal. There is, thus, a need to inculcate the spirit of enterprise into the psyche of the present generation. And this is possible only when the principals and academicians become catalyst of this changea.

Emphasizing the importance and implications of citizenship at school level, Prof Jagdeep Chokkar, Distinguished Professor, PSB, Former Dean, IIM, Ahmedabad, said, aGood quality Citizenship Education is not only crucial in its own right but is an important component in school improvement and transformationa. Earlier, in his opening comments, Dr VS Ravindran, Chief Mentor Eduexcel, elaborated on importance of understanding emotional understanding for building educational leadership; need to recognize oneas own emotions and managing emotions.
The sessions were presided over by Mr Arindam Saha. During the course of the first session, he discussed about the necessity of having a commodity exchange and the history of commodity exchange in India. He also explained the fundamentals and working of the commodity market. While not only providing theoretical inputs to the students, Mr Saha rounded off the discussion by talking about the recent rise in speculation, and how that would have an effect on the rates as well as the market.

The second session consisted of an online real time simulation, which was also provided by the MCX. During this session, students were shown exactly how traders operate in the market. This was done in order to facilitate the application of knowledge gained by the students during the first sessions. The simulation was similar to the commodity market, with the same facilities being used such as the trading screen having information about rates, and buyers and sellers.
The theme for Ensemble 2008 is Magis: Delivering Excellence. The major events of Ensemble 2008 are the Idea Summit, the flagship game, Olympians, and a special event sponsored by the Principal Partner, Aditya Birla Group. The Idea Summit is a panel discussion on the theme of Entrepreneurship with participants including Mr Gagan Banga (CEO, Indiabulls Financial Services), Mr Rahul Butalia (CEO, ISEO Chemdis Pvt. Ltd.), Mr B V Bhargava (Chairman, CRISIL), Mr Prabhakar Valivati (MD, Mentor Partners), Mr Raghunath Medge (President, Mumbai Dabbawallahs), Mr Rajesh Mahajan (CEO, Maspar), and Mr N Sivaraman, Director, (L&T-VIAdel; Engineering Ltd.).
Aditya Birla Group Boardroom event has quarter of a million rupees in prizes. The participants, will get a chance to suggest a Global Growth Opportunity to the group. Apart from the prize money, the winners are also offered a chance to sit for Pre Placement Interviews, which they can convert into offers. Cognizant Olympians is the flagship event, where participants will compete against each other to attain the position of the Olympians. The winner of the event takes home one lakh rupees.

The games at Ensemble 2008 vary across business verticals and apart from the management events, there will also be events for adventure-lovers, budding entrepreneurs and quizzing enthusiasts. This year, Ensemble 2008 has two events for the ones who are socially inclined a Samarpan, wherein the participants have to develop a sustainable social B-plan, and Ashraya, which encourages participants to use their skill and knowledge in helping Self Help Groups to put their funds to right use. There is also an on-spot quiz competition for quizzing enthusiasts, El Dorado. The quiz-master for the event is Barry OaBrian.
The preliminary rounds of these events have already kicked off online at the Ensemble 2008 website (www.ensemble-xlri08.com). Ensemble 2008 will culminate in a rock competition followed by a rock show by the Indian band Bandish.
According to Andy Priestner, Head Librarian, Judge Business School, the quality of the Compustat databases will provide the School with an important resource that will support both their expanding degree programmes and research initiatives. aWe are pleased to be able to add Compustat to the range of financial resources now available to our faculty and students,a said Mr Priestner.

aHigh quality, extensive data sets are essential components of graduate programmes. Standard & Pooras Compustat is continually striving to develop products and data offerings for the needs of the 21st century researchers and financial analysts a whether in academia or investment research firms. We are looking forward to our partnership with Judge Business School,a said Lu Lau, Associate Director and Head of Compustat University Sales in EMEA.
The flagship event of Prerana, Prerana Business Meet was the inaugural event. The panel consisted of Mr Chander Mohan Sethi, Chairman, Reckitt Benckiser, Mr V Thulasidas, Former Chairman, NACIL, Mr Dev Bhattacharya, MD, Aditya Birla Minacs and MrTim Utama, Head, Wholesale Banking, Standard Chartered.

The Summer Project Contest received over 300 entries. The summer projects to be showcased this year ranged from Exotic Derivatives under New Accounting Standards, HR Compliance Scorecard, HR Reporting Metrics and Resource Projection, Developing Responsive Supply Chain involving Special Economic Zones and Industrial Zones in India with Singapore Transshipments, Integrated MIS and Reporting Factory, to route to market strategy for affordable chocolates.

The event also included discussions by the judges on topics like:
a Internet Marketing & World of Blogosphere: The future or just another bubble?
a Tracing the Retail Trail across Emerging Markets
a Managing the new challenges of Supply Chain created by India's Retail boom
a The HR Imperative: Winning the war of talent
a Credit Crisis - Future of Indian Financial Markets

The evening of Oct 23, 2008, saw Shankar, Ehsaan and Loy performing at the campus. The commencement of the aTeach for Indiaa program, which is an extension of the aTeach Fora programs running successfully in USA and UK , took place at NITIE Business School, Mumbai, on October 24, 2008. The event saw judges like Mr Pinaki Bhaduri, Corporate Strategy Head from Thermax, Ms Surjeet Ahluwalia - Executive Director, Operations, Ms Garima Kapila - City Director, Mumbai, Mr Taylor Jacobson a Consultant with Oliver Wyman, from the Teach for campaign. The teams put forward their plans covering various aspects of the program, related to recruiting the corps for the Teach for India program such as the value proposition for, induction and evaluation, and strategies for retention of the graduates / post graduates who would be giving up lucrative job offers, and spending two years of their life full time after completion of their course to offer high quality education to underprivileged children in India, starting with Mumbai and Pune and later expanding to other parts of the country .

The plans or the teams were judged according to various parameters, after thorough cross questioning of the teamsa plans. NITIE were declared the winners in the contest. The winners get a cash prize and an opportunity to work with the aTeach for Indiaa campaign, and implement their respective plans
The workshop would kick off with a mock CAT conducted by IMS followed by a panel discussion with the faculty and students of IIM Indore and an informal session with students. Registrations are open on the website www.iimi-iris.com.