"The moment you are able to create a balance between genders, there is progress." -Mr. Prabhat Mishra, Account Director, Ericsson Randstad.
"Hiring (of diverse workforce) is not an issue, retention is"
- Ms. Payal Vasudeva Director HR, SGS.
"Talent Management deserves as much focus as any other department in corporations" - Deepti Mittal, Senior VP, First Source Solution
We at LBSIM celebrated diwali in a selfless way.. Giving back to the society.. Happy diwali #spreading smiles #sparsh#lbsim
#RunforEducation hosted by Lal Bahadur Shashtri Institute of Management #lbsim and sponsored by SAFEXPRESS on 23rd October. Honourable Shri Surender Kumar, Deputy Commissioner of Police was the Chief Guest of the event. Aim was to contribute to JAGRITI, an NGO that brings socio economic changes in the society in a sustainable manner. It was a 6.25 kilometres long run. Not only the students, faculty but also other people took part in the event. Though it was a one hour event, but the winner confirmed his status in just 23 minutes. The #winnersof the marathon in different categories were as follows:
Senior Citizen:
Mr. B S DahiyaFemale:
Ms. Ritika HiraMale:
Mr. HemantChildren:
Master ChaitanyaSpecial Appreciation to:
Master AvinashA sincere thanks to Delhi Police and the student coordinators as without their support the occasion couldn’t have seen the light of the day. The whole event turned out to be a grand success.
LBSIM & IBM announces 3 months programme on Business Research & Big Data Analtytics
Library at LBSIM
The library is one of the most richly equipped libraries in terms of resources, services, and infrastructural facilities in Delhi and NCR area. It offers a congenial environment for study and research. The library acts as a main learning resource center of the Institute. State-of-the-art Information Technology (IT) products are in place to modernize its operations and services. The library has acquired a collection of about 30,000 select documents in the form of books/ reports, and other non-book materials, in different areas of Information Technology and Management. The library has currently been subscribing to 150 select periodicals in print form and Online access to over 9,701 periodicals. It has a dedicated E-Resource Centre for accessing electronic databases of journals and reference sources. The library is affiliated to Developing Library Network (DELNET) through which it has access to over 5216 institution (India 5192, Overseas: 24). Library has been subscribing prestigious electronic databases like Business Source Complete (EBSCO Publishing), PROWESS, CRISIL Database, Economic Outlook-CMIE, Regional Business News, Indiastat.com, IEEE Computer Society Digital Library, J-Gate Social & Management Sciences Portal, etc.
Computer Centre at LBSIM
The Computer Centre is equipped with latest hardware and software facilities to handle the requirements of the course curricula, students and faculty. The entire campus has Wi-Fi with thirty access points. The Centre has one server room and two computer labs. The computer labs have a total capacity of more than hundred students.Server Room: Layer-2 GBPS Switches-12 Firewall-1: Sonicwall 4Servers : 2 IBM Quad core 3.0 servers with Intel Xeon processors.
To apply visit
Annual Outreach Program
Every year LBSIM organizes an annual outreach program during the month of August-September. We have been pioneers of this program since 1997. As a part of this program, the students visit various organizations pan India and interact with professionals. The visit is planned prior to the national Human Resource Conference which is held every year during the month of September-October. The students also invite Human Resource Managers for the same. The conference is chaired by many eminent speakers from the industry. The whole process continues for about a week throughout the nation. The students cover all the major Business hubs of the country namely –Bangalore, Mumbai, Hyderabad, Ahmedabad, Chennai, Delhi + NCR, and Pune.
Objectives
The primary aim is to prepare the students to meet expectations of the corporate world by taking feedback from the organizations in a face to face interaction with the concerned authority. The other objectives include the following:
- To invite the Human resource managers for the national HR Conference.
- To facilitate intensive Interaction of students and faculty with industry through seminars and conferences.
- To help students understand the intricacies of the real corporate world by facilitating guest lecturers from the corporate which is an indirect outcome of Outreach program only.
- To revitalize existing relationships with the industry and form new ties with new organizations in the dynamic business environment.
- The program also helps us stay abreast of recent developments and keep our course curriculum currentas per industry needsand make students well rounded industry-ready professionals.
- To meet the alumnus in the respective organizations and to apprise them about latest developments in the institute.
The Industry Institute Partnership Cell works tirelessly to make this program a success. It acts as an interface between the students, faculty, and the corporate world to initiate continuous interactions to meet the challenges and expectations of the corporate world.
Nivesh-Student Managed Mutual Fund
LBSIM prides itself on the unique PGDM – Finance course and we have taken the step of involving our students in practical implementation of one of the most critical streams of finance – investments.The main objective of Nivesh is to provide students a practical learning experience in the world of investments through participative approach. Nivesh is a student managed mutual fund.The club has students from our PGDM programs of the both senior and junior batch, these students manage the investment fund as well as other club activities which includes inter alia organizing virtual trading sessions, conferences on investment, workshops on managing portfolios.The investment club is a part of the finance club of the institute – Finesse, and its faculty coordinator is Dr. Alok Pandey. Through Nivesh we aim at giving a more holistic approach to financial studies. The initiative also helps us establish stronger ties with the industry and increase the student – industry interaction. We hope this will enable the students in learning how to evaluate financial assets through market, industry, and corporate evaluation and be well versed in creating diversified portfolio through real-world simulation.
LABS at LBSIM
Bloomberg Finance Laboratory
A Bloomberg -Finance Lab has been set up which provides with an added advantage among top business schools to offer training and research in most advanced areas of finance and economics. The Finance lab helps students to equip themselves with the ability to take financial decisions by using various tools and techniques including simulations.
IBM Analytics Lab
IBM and LBSIM have collaborated to set up a state of the art analytic lab at the institute with latest software content to provide real-world industry experience and hands-on lab courses to the faculty members and students.
IBM Business Analytics Lab, will help the faculty members and students to develop skills such as Descriptive, Predictive, Big Data Analytics.
On November 15, 2016, LBSIM was graced by the visit of Prof. Zhan Videnov (Former Prime Minister of Bulgaria) currently associated with European Higher School of Management and Economics, Republic of Bulgaria and Tsvetan Kotsev (Rector EHSEM) The delegates were welcomed by Dr. Arya Kumar, Director of LBSIM. On 22nd June 2016, Lal Bahadur Shastri Institute of Management signed a Memorandum of Understanding (MoU) with European Higher School of Management and Economics, Bulgaria. This memorandum is aimed at helping the students and faculties of both the institutions to conduct various researches and facilitate research papers. The two Institutes are also exploring opportunities for student exchange programs.
Professor Videnov also discussed about the present day scenarios of the Bulgarian Economy, about the various opportunities available in Bulgaria for the students and research scholars for Ph.D.
The delegates also shared their views on the huge scope of bilateral trade relationship between the two countries
It is to be announced with great pleasure that Lal Bahadur Shastri Institute of Management(LBSIM), New Delhi and European Higher School of Economics and Management(EHSEM), Bulgaria decided to have a long-term association for International academic cooperation on the 22nd of June, 2016. Under this, the plans are to encourage Joint teaching and Dual Diplomas issued in India and Bulgaria. The esteemed institutes, represented by Prof. Mariana Mihaylova and Shri Anil Shastri, respectively, are also strategizing on joint artistic, creative and innovative work and projects, including education franchise.
Another major milestone was achieved by LBSIM on dated 19th of October, 2016 when an MOU was signed with Northern Illinois University (NIU), USA. The two institutes wish to expand scholarly ties and promote closer academic collaboration. Both institutions share common interests and objectives in educational exchange, and they wish to maintain and promote channels of communication that permit those mutual exchanges. With this collaboration, the students will witness the emergence of a new educational trend unaffected by the geographical boundaries.
We thought of giving you an update on what was happening in the lives of new faces of LBSIM. And luckily, we bumped into this happy looking guy of PGDM Finance- Ayush Lohia. Let's take a brief look at what Ayush has to say...
What are your take away from the first six months of LBSIM?
As we follow trimester system, I learned soon that you have to be ‘pro-active’ here. There is a lot to gain academically and non-academically like it is said that actual learning takes place outside the classrooms. “Read! Read! Read!” – The more you read the more you move ahead towards your goal. “You will never have more time than right now.” This Saying sums it up.
Tell us about your normal day at LBSIM.
Morning Lectures followed by a discussion session where we can brainstorm and develop an insight on current projects. Then after lunch break and a quick Table tennis game I come back for some more classes. The evening is for our club activities, we meet, we plan, we play, we win, we celebrate!
What do you think is the USP of LBSIM?
I think the USP is that it is a totally student driven institute. Be it management grid, placement cell, alumni cell and the various clubs, all are made up of students. You’ll be part of these bodies and sit in meetings and next thing you know you are standing to be the face of the Institute. You are assured of your future, 100% placement.
And the glory continues for LBSIM, New Delhi with a collaboration with Nanyang Technological University, Singapore for the design and offer of International Immersion Programme. This initiative is taken to foster the growth of cross cultural connections and to provide an international exposure to the students of LBSIM.
“Sarvam Samarpayaami` - means – I completely surrender my self. That is perhaps what Manjunath did on November 19, 2005. He surrendered himself to the pursuit of truth, despite being aware of the consequences. Manjunath Shanmugam – the Indian Institute of Management Lucknow graduate, a 27-year-old marketing manager of Indian Oil was killed in Lakhimpur, U.P. for his stand against corruption & fuel adulteration. His fault was to stand against the evil of corruption, to bring about a change in the system, to stand firm with his value system and never to bow down to the wrong.
Eleven years later, the candles still burn in his memory as we remember him through his actions and bravery. That Integrity and Honesty must reside in value system of each one of us. We can only change the world by changing ourselves. Every year on this day, the student community and faculty members across nation come together to take a pledge of integrity to awaken consciousness about widespread corruption.
We at LBSIM observed the same. Students and Faculty lit the candles for the march in the Memory of Manjunath. Ms. Kriti Mathur (Student LBSIM) narrated Manjunath’s struggle. We marched around the Institute premises with the lit candles and took the pledge on integrity. And this thought reignited within us…The change begins with me… you...us!!
An MOU has been signed between LBSIM, New Delhi and the long-standing recruiting partners of LBSIM, ZS Associates India Pvt. Ltd. LBSIM will be extending PGDM- Part Time (“The Programme”) to ZS employees, to be selected based on Group discussion, Interview, academic excellence and work experience. With this, the plans are to inculcate the atmosphere of employee training and talent acquisition on a common platform.
Demonetisation- A future outlook by Avneet Sidana(student LBSIM)
The last week can easily be clubbed into one of the most dramatic weeks in India’s monetary history. On November 8, 2016 ,Prime Minister Narendra Modi announced that all notes of ₹500 and ₹1000 denomination would become illegal effective midnight of 9th November. No surprises that the news created a massive flutter among the Indian population. What is definitely surprising and commendable is the fact that how secrecy was maintained in such a connected manner, which was key to create a considerable impact on the 3 concern areas plaguing the nation- parallel economy, counterfeit currency and terror financing. Let us take a look at the impact this bold move might have on the economy as a whole
Currency exchange and circulation– India is a cash based economy with approximately 70% of the transactions taking place in cash, and with 86% of all the currency notes comprising of ₹500 and ₹1000 notes, the daily lives and day to day purchases have been hit the hardest. This has been aggravated by slow passing on of new currency notes into the people’s pockets due to implementation handicaps.
Counterfeit currency- The move would impact counterfeiting the most. The dealers and gangs would now be stuck with counterfeit notes and going to the bank would mean getting the racquet expose. A large amount of fake currency comes from across the border which is used to finance terrorists and the move would put a stop to all such activities.
Black money – While the decision is aimed at flushing out black money and the impact is yet to be seen, it might not add much to the cause since cash forms a very small component of all the black money in India, with the rest of it in the form of gold, real estate or in foreign currency in foreign bank accounts. What it will definitely do is create fear in the minds of black money hoarders, and the effects can be seen already.
Real Estate – Cash component in real estate is high. With this ban, there will be a slow-down in reality deals since cash would be out, and we can see a price reduction of about 25% in the property prices in the short term, with the prices stabilizing later on.
Gold Purchase- Purchase of gold will be hit in the short term as black money is used to buy gold, hence the import of gold would reduce. In the long term, purchase of gold could increase since black money hoarders would be afraid to hold cash.
Consumption – Consumption would be hit hard, as there would be less money in circulation, which will lead to fall in inflation in short term. This would also mean significant decrease in the economic growth for the next quarter.
Banking - The move will bring a lot of money into circulation and it would encourage and push India to move towards a cashless economy through increase of digital transactions, reducing dependency on cash.
Many of us are having entrepreneurial aptitude and dream of successfully running a business, MBA can fine tune our talent by providing training in accordance with the latest global market trends and emerging business models. One such Aspiring Entrepreneur we found amongst us – Anirudh Bharadwaj (PGDM-Finance-1st Year). Let’s see what he has to say about his journey here so far
How has life changed from pre-MBA stage? MBA is a rigorous journey and MBA with trimester system makes it harder. Our director has been very supportive towards Entrepreneurship, though I get less time to devote to my start-up (INPOWCON SOLUTIONS) but constant advice that I get from our director compensates everything. LBSIM has provided me with intensive Corporate interface that has further helped in upgrading my venture.
What are your take away from the first 6 months of LBSIM? LBSIM has taught me the importance of teamwork and basics of management that we can apply to succeed in life. Strong Alumni network of LBSIM has connected me to various successful entrepreneurs who have sacrificed their present to live their dreams in future. Corporate interface session has been very enriching. It has helped in understanding various markets and upcoming opportunities in them.
One experience of LBSIM you would like to share with us: One question that has always clicked my mind is that “Why 94% of the startups close after 2years?” Even though the government is ready to support startups with campaign like START-UP INDIA. I asked this question to our Director on the day of orientation, instead of blaming existing economic conditions and unavailable eco-system for startups to flourish. He explained with concrete examples how we as entrepreneurs make mistakes by being over ambitious and impatient. He explained how same idea got successful when pitched by others. He always motivated to continue with conventional business and explore up-coming sectors and diversify my domain of expertise.