2020

MDP on Predictive Analytics for Business Decision Making

A 2-Day Management Development Program (MDP) on Predictive Analytics for Business Decision Making was organized on August 19 and 20, 2020. Dr Srilakshminarayana G, Faculty – Quantitative Methods, SDMIMD, resource person for this online MDP, provided hands-on experience to the participants on the important methods used for making predictions. Case studies and statistical packages with relevant data sets were used to discuss the various methods. The program has concluded with addressing queries of the participants.

SDMIMD Celebrates the 74th Independence Day

The faculty and staff members of SDM Institute for Management Development (SDMIMD), a leading Business School of the Mysore celebrated the 74th Independence Day in the campus situated in the foothill of Chamundi.   
 
Dr. M. Sriram, Faculty, SDMIMD unfurled the national flag and highlighted few issues and challenges which need to be resolved if one has to really celebrate independence with unbridled happiness and joy. The talk focused on secularism, climate change and Swatch Bharat Abhiyan. According to him, discipline was paramount in all our efforts and thoughts to make our nation a cleaner, greener and vibrant one.  
 
Sri C.V. Sridhar, Administrative Officer, SDMIMD, delivered the welcome address. Director of SDMIMD Dr. N.R. Parasuraman, Faculty and Staff Members participated in the national festival maintaining the protocols of the new normal. 

Invited talk by Prof. Sheb True

Prof Sheb True from Kennesaw University, Atlanta was the invited speaker for the webinar series talk on ‘Strategy’ organized during July 20 to 22, 2020, to the PGDM 2019-21 Batch. Prof. Sheb True discussed about strategy as a continuum with adequacy at one end and leadership at the other end. Further he opined that companies need to decide where they should be in strategic continuum considering 3 dimensions of product positioning viz., brand, price, and performance.

Invited talk by Mr. A.G. Vikram

Swayam - the e-Cell of SDMIMD organized invited talk by Mr A.G. Vikram the Doctoral Researcher of SDM RCMS on July 18, 2020. The talk delivered on webinar mode to the SDMites focused on the Start-up environment, definition of Start-ups and issues faced by Start-ups. Mr Vikram also outlined examples of successful but not well-known start-ups in different sectors in Bangalore. Mr. Vikram highlighted pitfalls to be avoided by budding entrepreneurs and aspects that venture capitalists would investigate while examining proposals for funding. It was an interactive session with a quiz for the participants. 

SDMIMD gets BSIS Impact Label from EFMD

SDMIMD is now the first institute in Southern India and second in the Country to secure Business School Impact System (BSIS) Certification from the European Federation for Management Development (EFMD) Global Network.
 
The expert team from BSIS headed by Dr Michael Kalika examined the impact made by the Institute on education, business development, intellectual, regional eco-system, societal, visibility and financial. The expert team has appreciated the institute’s notable impact on the region and at the national level. The representation of students from 20+ states, 100% placement record, quality research publications by the faculty, institute networking with local and national bodies, association with the industry, association, press, government institutions and civic bodies have made SDMIMD to earn good points. The involvement of the institute in organizing events to introduce the cultural, social, and professional image of Mysore has earned appreciation from the committee.
 
The BSIS Impact quality stamp to SDMIMD has added another feature to the cap with 2 International Accreditations – Accreditation Council of Business School Programs (ACBSP) from USA and EFMD’s Program Accreditation System (EPAS) for Europe.  The BSIS impact has made SDMIMD to identify, measure and assess the impact on society at large. 

Startup Charcha 2020

SDMIMD conducted the event Startup Charcha on February 12, 2020. This event is a culmination of various entrepreneurship activities undertaken by Swayam - E cell of SDMIMD students. It is also an event that is in line with the current surge in interest on startups and the conducive policy environment for the same. SDMIMD had initiated entrepreneurship activities to give conceptual insights to PGDM students on Entrepreneurship. Swayam – E cell of SDMIMD students has undertaken many activities in the last five years. An elective on Entrepreneurship has also been part of the PGDM program at SDMIMD.

The Startup Charcha event held, for the sixth year in succession had Mr. Vishwa Alva, Founder and Managing Director, Skanray Technologies delivering the Keynote address. In his Keynote address Mr. Alva highlighted the path taken to build a successful company and emphasized the need for innovation. He commented about the various opportunities today for young professionals. He described his journey as an entrepreneur and various challenges faced in the initial stages. He highlighted the importance of having a good team and a source of finance for youngsters who wish to pursue an entrepreneurial dream. Mr. Alva also emphasized the importance of dealing with regulatory frameworks and establishing a strong foundation of good governance right from inception of a startup. In his address he underlined the importance of startups being socially responsible and developing such practices in the organisation. Mr Alva emphasized that MBA graduates who planned to become entrepreneurs ought to have a good understanding of financial management practices and accounting concepts.  Startups have a lot in common in their path to success but the challenges varied in each case and the solutions might be unique, he added.

A Panel Discussion on Entrepreneurship: Issues, Challenges and Way Ahead, was also part of the event and was moderated by Dr M R Suresh, Professor and Chairperson E-Cell at SDMIMD. The Distinguished Panellists were Mr. Vijaysimha, SDMIMD Alumnus and Founder and CEO, Suvashna Training and Development Pvt. Ltd, Mr. Vijay Krishnamurthy, Sports Management Consultant and Dr. B. Venkatraja, Faculty Member, SDMIMD.

In the panel discussion many aspects of entrepreneurship and overcoming initial difficulties of startups were discussed. The government policy reforms for the same and its implications were also discussed by the panel members. The other areas of discussion were Grassroot entrepreneurship for wealth creation, rural entrepreneurship and sports as a booming sector for new venture creation. The objective of setting up a venture should not be just for valuation, it should also make a difference and there is a need to explore entrepreneurship models that provide value to stakeholders, the panellists said. It is very important to be pragmatic while being adventurous was a piece of advice of the panel to the young audience.

Startup Charcha 2020 also had an Insight talk by Dr. M. Sriram, Faculty member, SDMIMD. He opined that a sound working knowledge of preparing financial statements was required for an entrepreneur and emphasized the need to differentiate between capital and revenue expenditure. He briefed the audience about the projections of financial statements both in terms of impact and sustainability of revenue and cautioned entrepreneurs to emphasize on cash flows as opposed to profits. He further highlighted the importance of weighing the pros and cons of various financing approaches for new ventures such as included bootstrapping, venture capitals, and private equities.

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