Campus News

Webinar on Importance of Costing in Management Decision Making

‘Importance of Costing in Management Decision Making’ was the topic for the Webinar organized on June 4, 2020 by the faculty resource Prof. S. Kannadas, Assistant Professor – Finance, SDMIMD. Prof. Kannadas provided insights on significance of cost control to sustain the business in the long run. And, explained how the management decisions of any business revolve around cost effective operations than profit maximizing especially during the initial days.

Webinar on Strategy Management

Dr. S.N. Prasad, Professor – Strategy, SDMIMD, conducted webinar on ‘Strategy in Management’ on May 28, 2020 to the incoming PGDM 2020-2022 Batch. The faculty resource introduced the concept of ‘Business Strategy’. The session covered the application of fundamental management learnings to the construct of Competitive Advantage and Value Creation.

Webinar on Finance in Management

With the purpose to dispel a preconceived notion that ‘Finance in Management’ is a mere number of crunching exercise; and, to help the young manager to understand how financial numbers are used for decision making, a Webinar was organized for PGDM 2020-2022 Batch on May 19, 2020. Dr. M. Sriram, Faculty – Finance, SDMIMD, was the faculty resource.

Webinar on Placement Activities @ SDMIMD

Placement performance of an institute is one of the criteria for short-listing of a B-School for a Management Program. The preparation for placement starts from Day one of the PGDM program. Dr. Sugant, Chairman – Career Services & Professor – Marketing, SDMIMD, initiated the preparation activity with this webinar by providing an overview of placement preparation activities & process at SDMIMD to the PGDM 2020-2022 Batch. Further, Dr. Sugant apprised the students on the likely job opportunities in the post-COVID world. The webinar was organized on May 15, 2020.

Webinar on Analytics and the Role in Management

Webinar on ‘Analytics and the Role in Management’ was organized for the PGDM 2020-2022 Batch on May 8, 2020. Prof. M. Minhaj, Associate Professor – Systems, SDMIMD, the faculty resource for the webinar explained the young managers about what, why & how aspects of analytics and its role in decision-making.

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.

Yet again it is 100 % Placement

With about 3 months to go for the completion of courses, all eligible Post Graduate Diploma in Management (PGDM) students of SDMIMD have been placed in reputed companies with increased compensation. This is for the third consecutive year SDMIMD is achieving this feat.
 
It’s yet another year of sterling achievement at SDMIMD as it completes 100 percent placement of PGDM 2018-20 well head of the course completion. A total of 38 leading companies visited the campus so far for the final placements. The companies that visited the campus are from diverse sectors- Manufacturing, information technology, banking and financial services, FMCG, Start-ups, Consulting and analytics. The banking and financial services sector hired the highest number of students followed by the information technology companies.  
 
‘High level of academic rigour, opportunity to learn beyond the boundaries of the curriculum through summer internships programs, live projects, applied research, international students exchange programs, and by imbibing leadership skills through participation in management fests conducted by premier institutions of the country has added additional knowledge and skills to the young managers’ thus said the institute director Dr. N.R. Parasuraman.
 
Dr. R. Sugant, Professor Marketing and Chairperson Career Services said ‘the stellar performance of our students resulted in SDMIMD not only achieving 100 percent placements of eligible students but also saw the average salary go up to Rs 7.7 lakhs. We are sure that our students will prove to be valued contributors in these organisations’. 
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