Dean’s Report 2015

1 CONTENTS

Letter from the Dean 3

The year in numbers 4

Progress on Programmes 5

Faculty & Research 9

Centres of Excellence/ Institutes 11

Initiatives/ Resources 14

Other Updates 15

2 LETTER FROM THE DEAN

On the occasion of the Graduation Ceremony Our faculty continues to add to the wider National Conclave - Driving India’s Growth of the Indian School of Business, it is my body of knowledge. I am happy to share Momentum, ISB Leadership Summit, CAF pleasure to share with you this annual that ISB was rated the highest research Conference, Family Business Conference, report for the academic year 2014-2015. It productive management school in India by etc. is a review of our School’s successes and the Financial Times during the year. It was The ISB community continues to increase accomplishments during the year. also the only Indian B School to fi gure in with our alumni strength reaching nearly the prestigious University of Dallas Top 100 We continue to execute on the School’s 7000 with the graduating classes this year. Research rankings (UTD Top 100 Worldwide priorities to be an internationally top-ranked, Our alumni are working in leading companies Business School Rankings based on research-driven, independent management spread across 100+ cities around the world. Research Contributions during 2010-2014.) institution that grooms future leaders for India Close to 200 of them have moved into CXO The School continues to generate scholarly and the world through scholarship, practice positions in the corporate world and nearly and policy-related contributions to address and policy. We also strive to impact the 400 have started their own businesses. Our broader society-level issues and strengthen society around us through our actions and effort in encouraging entrepreneurship among research and knowledge in key areas for academics. our students is showing success with the India’s development. More signifi cantly the School spawning many entrepreneurs. The School’s unique portfolio faculty model students continue to benefi t from our faculty’s has ensured that students across both research and teaching activities. The report that follows, outlines these and campuses - Hyderabad and Mohali benefi t many other achievements in further detail. Encouragingly, the students received 77% by learning from leading resident and visiting I would like to thank each and everyone in more offers this year than in the previous year faculty from across the globe. The strength the ISB community - the Board, faculty, staff, while the entire class was placed within the of our permanent faculty has crossed 50 students, alumni and their families for their fi rst few rounds of the placements process. this year. Four more will be joining the sustained contributions and support through School over the next few months further The year was marked by a host of student the year. strengthening the academic community at events and initiatives as well as faculty ISB. research seminars and conferences such as Artha, the Capital Markets Conference,

Ajit Rangnekar Dean

3 THE YEAR IN NUMBERS

1590 763 77% YLP Applications is the strength of Increase in placement received - the highest the Post Graduate offers over the last year ever in a year Programme (PGP) Class of 2015

21% 6900 51 of the Class of 2015 is the size of the Permanent faculty will be taking up extended alumni members Consulting roles network

#1 40000 in research productivity Case Studies sold in among B Schools in over 60 countries India as per FT ranking

4 PROGRESS ON PROGRAMMES

Post Graduate Programme in • Developing a market entry strategy in across both the campuses worked together Management (PGP) Africa for an India based dairy & milk based and many events were co-hosted, thus

This year we welcomed 763 students from product company. making the year a memorable one for the diverse backgrounds to the Post Graduate • Developing market entry strategy for an School. The notable events of the past year Programme (PGP) Class of 2015, including Indian engineering services company to organised by the student clubs include: 209 students at the Mohali campus. The enter Philippines and Indonesia. • The annual ISB Leadership Summit PGP is concurrently delivered at Hyderabad focusing on the joint theme of “Future… International Exchange Programmes and Mohali. Following the School’s unique Today” was organised at both the ISB portfolio faculty model, top resident and 53 students from the School went on campuses. Leading experts from business, visiting faculty from across the globe taught student exchange programmes to 28 government and the media spoke on in both campuses last year. The School business schools. 21 international students topics such as the new business models also encouraged inter-campus exchange from 16 business schools came to ISB and the power of failure. across the world. The one-two weeks India with students from both campuses opting • The annual ISB iDiya Social Venture immersion programme has seen increased for exchanges during the core and elective Challenge for working professionals was interest among business school students in terms. organised. It received 106 business plans, improving their own practice via professional of which the top 11 teams visited the Experiential Learning Programme (ELP) development. We hosted 78 students from campus for a week of boot-camp with 296 students worked on 64 projects to apply fi ve Schools this year. 59 students from ISB experts from the development sector. their theoretical learning to address practical had gone on an international study trek for a • Over 56 teams from India, Bangladesh and business issues including: week to Singapore and Hong Kong. Pakistan participated in the regional fi nals • Assessing market opportunity for a “Do it Student Initiatives and Events of the Global Social Venture Competition yourself” dishwashing liquid product and The successful academic year 2014-2015 (GSVC) hosted by ISB. creating a go-to-market strategy in India. stands testimony to the concerted and • ISB is the Asia partner for the Venture • Assessing attractiveness of starting a active contributions by students who brought Capital Investment Competition (VCIC) company which develops, owns, and together leading global academia and that enables students to act as venture operates self-storage facilities in India. chieftains of industry for meaningful debate capitalists for entrepreneurs and be and discussion. This year, the student clubs evaluated by VC judges. 5 • ISB Super League (ISL) in which business discussed highly important and relevant schools from across India participated. topics to the capital and fi nancial markets. • Ikshaa, the Marketing Summit brought Student Achievements together prominent industry leaders and marketing experts, who shared their Over 168 ISB students won prizes in several diverse, forward-looking perspectives competitions in India and abroad which on pertinent issues that marketing refl ects the talent at ISB. professionals face today. Notable Achievements • Mercado, the Retail Conclave brought • Student team from the last Class won together various stakeholders from the the HULT Prize global competition, thus Placements retail industry for a multifaceted exploration winning USD 1 million seed funding for on the future of retailing. The Integrated rolling placements process their venture in the urban healthcare space. • Business and Technology Conclave at the ISB has seen an all -time high number • Global winners in C.K. Prahalad Case provided a platform for future leaders of of 978 offers made in campus as demand Competition organised by University of the technology industry to interact and from both traditional and new age recruiters Michigan. network with industry experts, thought increased compared to last year. Top • First prize in Franklin Templeton Stock leaders and technology visionaries. consulting fi rms like Accenture, Deloitte, Pitch, organised by Franklin Templeton • Advaita, the annual ISB inter business KPMG, McKinsey, Parthenon, Vector Investments. school competition, went international Consulting and ZS Associates continue to • First prize in 2014 Deloitte Mavericks, a this year with over 80 students from 17 recruit in large numbers from the School. pan-India business acumen challenge. top MBA schools participating across 9 Around 28% of the Class of 2015 will be • First prize in Amazon Ace, a case study competitions. joining Consultancy fi rms. High Technology competition organised by Amazon. • Artha, the Capital Markets Conference, (7%) companies like Apple Inc., Facebook, • First prize in Stratos 2014, the fl agship was on the theme of “The 10.0 Solution Google, Microsoft, IT products and solutions national strategy challenge organised by - Road Map to 10% Indian Growth” and providers (9%) like Cognizant, Infosys and Aditya Birla Group. saw participation from the who’s who Wipro, and E Commerce (15%) companies • First prize in RPG Brand Ambassador, a of the fi nancial world including Deepak like Amazon, Flipkart and Snapdeal also branding challenge organised by RPG Parekh (Chairman, HDFC), Sanjay Nayar recruited in large numbers, contributing Group. (CEO, KKR), Adi Godrej (Chairman, Godrej about 31% of the offers. • Winner of the Citi Woman Leader Award Group) and many more. Over 20 senior The average salary package offered this year 2014. industry speakers including S Balesh, Zia also increased to INR 19.5 lakhs compared • National winner, HUL L.I.M.E series 6. Mody, Nilesh Shah and Archana Hingorani to INR 18.15 lakhs for the previous year. • Five of our students have won the representing the banking, private equity, The emerging markets story is playing Economic Times Young Leaders, fi nancial institutions, investment banks out strongly on the campus this year with B School edition Awards. and corporate segments presented and several international offers being made.

6 An interesting highlight of the international Fellow Programme in Management Alumni Network placements is the participation of companies (FPM) The ISB alumni network now consists from Africa. Launched in September 2011, the doctoral of more than 6900 members from the With several ISB students having prior level Fellow Programme in Management PGP, PGPMAX and MFAB programmes. international work experience, combined with (FPM) aims to enhance research at ISB Throughout the year, the School’s alumni the learning of handling emerging markets, and increase the availability of trained and have actively come forward to assist the companies were keen to hire them for global qualifi ed researchers in Management. current students with various activities positions. International roles offered include Six students have moved to FPM to pass on industry knowledge and best locations such as Singapore, China, the candidacy stage and will be working on practices. Simultaneously, the School has Middle East, Africa and Europe. their dissertation. Four students attended made signifi cant strides toward engaging the

The trends in the current placements season international conferences/ consortia during growing alumni community at all levels. Over at ISB refl ect the success of the ‘Integrated the current year. Ashish Galande, a Marketing twenty lifelong learning workshops have been Placements’ process at the School. With Area student won the best paper award at organised successfully across the country as a class size of ~760 students, the Post the 2015 Emerging Markets Conference well as internationally. The Alumni Relations Graduate Programme in Management at ISB held in Dubai. ISB and BITS Pilani have Offi ce has developed ‘ISB Rocks,’ a mobile signed an agreement, which lets our application catering exclusively to ISB alumni, offers arguably the largest pool of top-notch students simultaneously register for BITS’s providing them with a networking platform for experienced talent in Asia. The ISB follows part-time PhD programme. This will mean deepened engagement with the School and a system of ‘Rolling Placements’, a lateral that students can simultaneously earn BITS with each other. hiring process that is spread over several Pilani’s PhD which is recognised in India, months, giving both recruiters and students ISB leadership has met, with increasing along with ISB’s FPM which is recognised as frequency, with members of the alumni time to fi nd their best fi t. During this period, a doctoral-level programme by the AACSB community across the country. There has the School also supports and encourages International. students in their independent search efforts to fi nd their preferred careers.

Young Leaders Programme (YLP)

The YLP is a challenging foundation programme that ultimately leads to the world class Post Graduate Programme in management. This year application numbers has seen an increase of 43% over last year.

7 been a concerted effort on the part of the year’s intake also brings in great diversity of programme on Development Evaluation, School to recognise alumni success in their experience and background to the Class. in association with the UNICEF. Signifi cantly,

respective fi elds. There has also been a The founding class of MFAB graduates this the Centre also delivered a series of capacity heightened focus on activity segmented year. The second class of MFAB is in session building workshops for offi cials of the Andhra by Special Interest Groups, including and they have completed six modules Pradesh government. Healthcare, Technology, Family Business, successfully. Abhishek Goyal, Deepesh The Centre’s Open programme portfolio Entrepreneurship/ Startups and Finance. Asnani and Sandeep Reddy from MFAB showed increased enrolment with the As part of a new initiative, three Family AY 2014-15 stood second at the Family addition of new programmes across Business Roundtables took place, facilitating Enterprise Case Competition held at the different streams. In addition to continuing a rare interaction between renowned family University of Vermont, USA. This is the fi rst to offer its successful long-duration ISB business leaders and ISB alumni. time an MFAB team is participating in this Biocon Certifi cate Programme in Business Equinox, the annual alumni learning and competition. Analytics, the Centre also launched two networking event at the Mohali campus and more signifi cant long-duration programmes - Centre for Executive Education (CEE) Solstice, the annual alumni reunion event at Management Programme in Public Policy, in the Hyderabad campus received a fantastic The Centre for Executive Education association with the Bharti Institute of Public response with more than 900 alumni and continues to be the leader in enhancing the Policy, and the Certifi cate Programme in their families participated in both these capability of business leaders, entrepreneurs Manufacturing and Operations Management, events. and government administrators. This year, in association with the Munjal Institute for the Centre catered to more than 5000 Global Manufacturing. Similar programmes Post Graduate Programme in participants through its 175 programmes with the other Institutes are in the pipeline. Management for Senior Executives - comprising a varied portfolio of custom The year was eventful for the Centre’s (PGPMAX) designed, open enrolment and technology international programmes, with the launch The Sixth Class of the Post Graduate assisted learning programmes in India and of their fi rst programme in Singapore, a Programme in Management for Senior abroad. The Custom Designed Programmes customised programme for Boston Scientifi c. Executives (PGPMAX) started their classes segment continued to add new clients to The Centre has catered to participants in August 2014. The class profi le varies its portfolio, some of whom include EMC, from Japan, China, South Korea, Spain, between 17 to 18 years of average work Essar, HDFC Life and Star TV. The segment Singapore, Mauritius, Pakistan, the Middle- experience and represent a wide array of continues its healthy relationship with long- East, Australia and South Africa in the past industries and functions. The fi fth class of term clients like the Aditya Birla Group, year. The year saw an increase of blended PGPMAX is in session and have completed KPMG, Cognizant Technologies, Deloitte, Learning Programmes - programmes six modules successfully. Ernst & Young, RPG Enterprises, Vodafone, involving a combination of multi-phased Bharti Airtel and Microsoft. Management Programme for Family classroom sessions at the campus, The Centre continues to serve the needs Business (MFAB) interspersed with faculty sessions and of the government, delivering specialised tutorials delivered virtually, in the form of Management Programme for Family Business programmes for the Ministry of Railways, webinars and self-paced learning modules. (MFAB) is designed to groom the next the National Academy of Central Excise & This is a trend that seems to set, and generation family business leaders. The Narcotics and National Police Academy. therefore, is one of the focus areas of the third batch of students will commence their Furthering its involvement in the social sector, Centre for the next year. Class in August 2015. As in the past, this the Centre also continued conducting its

8 FACULTY & RESEARCH

Faculty is the core asset of the Indian where it ranked 65th. This year ISB faculty The School also welcomed a few long term School of Business. They bring a wealth research contributions were recognised by visiting scholars/professors this year - Ashwini of research, teaching and professional the prestigious University of Dallas Top 100 Chhatre from University of Illinois at Urbana experience and a desire to shape the Research rankings (UTD Top 100 Worldwide - Champaign, Trichy Krishnan from National School into a global leader in management Business School Rankings based on University of Singapore, Raj Raghunathan from education. Currently, the School has 51 Research Contributions during 2010-2014) by McCombs School of Business, The University permanent faculty members. This year, we ISB’s entry in the rankings securing the 97th of Texas at Austin and K R Subramanyam from welcomed Professors Shilpa Aggarwal, rank. ISB is the only Indian business school to USC Marshall School of Business.

Amit Jain Chauradia, Prachi Deuskar, Jaya be featured in the top 100 research rankings. This year the School also hosted 81 faculty Dixit, Arunachalam S and Krishnamurthy This year, thirteen of our Research Associates research seminars and 10 research and Vaidyanathan. Besides, another four new mentored by our faculty have been selected industry outreach conferences: faculty members are going to join the School for top ranking PhD programs in USA. Some • International Symposium of Information in the next fi ve months. of the Schools who have admitted our RAs Systems Our faculty members continue to publish as PhD scholars include: MIT Sloan School, • India Investment Conference - The Road in international top-tier journals. Professors Emory University, London Business School, Ahead for India and Emerging Economies Snehal Awate, Raveendra Chittoor, Sarang UT Austin. ISB continues to strive constantly • Corporate Social Responsibility and the Rise Deo, Jaya Dixit, Tanuka Ghoshal, Aditya Jain, to improve Teaching Excellence. Our faculty of Social Entrepreneurship Dishan Kamdar, Nishtha Langer, Deepa Mani, receive assistance and mentorship in teaching • Finance and Economics Summer Research Anand Nandkumar, Sridhar Seshadri, Milind and classroom management through ISB’s Workshop Sohoni and Suman Ann Thomas have had Centre for Teaching, Learning, and Case • Centre for Analytical Finance (CAF) Summer their publications accepted in top-tier journals Development and other external programmes Research Conference 2014 during this academic year. Our faculty have like the International Teachers Programme, • ISB Digital Summit published in more than 18 internationally organised by the International Schools of • Eighth Accounting Research Conference top ranked peer reviewed journals in the last Business Management. • ISB-POMS Workshop - 2014 academic year. ISB was rated as the most The School hosted 16 visiting scholars on • Marketing Research Camp productive research institution among Indian campus, who spent time doing research in • Fifth Asian Invitational Conference on Family management schools by Financial Times (FT), collaboration with our permanent faculty. Business

9 In addition to this, the School has funded 41 conference trips for its permanent faculty members who were invited to present their research papers in peer reviewed conferences. The School supports faculty in their research pursuits and this has resulted in some notable achievements:

• Professor M R Rao has been nominated by the Ministry of Human Resource Development (MHRD) as a member of the Executive Committee of the National the International Programme Committee • Professor Kavil Ramachandran was a Assessment and Accreditation Council (IPC) for the 4th IIMA International member of the Jury at the Aon Hewitt (NAAC) Conference of Advanced Data Analysis, Global Companies for Leaders Award • Professor Snehal Awate’s Dissertation Business Analytics and Intelligence 2014 in New York. He also participated as “Trajectory of innovation in emerging (ICADABAI-2015). a panel speaker at a conference on Higher industries: evidence from the global wind • Professor Amit Jain Chauradia’s paper Education and the Directors of the NITs, at power industry” has been chosen as one with Deepak Somaya “Is Pro Bono also the invitation of the President of India, held of the fi nalists for the prestigious Academy Pro Lucrum? Doing Well by Letting your at the Rashtrapati Bhavan, New Delhi. of International Business (AIB) dissertation Human Capital Do Good” was accepted • Three of our ISB faculty - Professor Prachi award. in the Best Paper Proceedings of the Deuskar, Ramabhadran Thirumalai and • Professor Vikram Kuriyan’s efforts resulted Academy of Management. Krishnamurthy Subramanian have won the in ISB’s and National Stock Exchange of • Professor Ashwini Chhatre has been NSE-NYU Grant of USD 7500 each. The India Ltd (NSE) signing an agreement to awarded a grant of Euro 1.77 lakhs from NSE-NYU Stern Initiative on the Study of set up, maintain and operate a trading HIVOS (Humanist Institute for Cooperation Indian Financial Markets is a joint venture laboratory at the ISB Campus. in full, Dutch: Humanistisch Instituut voor of the National Stock Exchange of India • A research partnership has been signed Ontwikkelingssamenwerking.) HIVOS is (NSE) and the Salomon Center for the between SRITNE, ISB and Deloitte a Dutch organisation for development. Study of Financial Institutions at NYU Stern Consulting to study “The Management and HIVOS is the grant manager for Ford School of Business. Value of Technology-Enabled Business Foundation and has provided the grant • Professor Snehal Awate has been invited Transformations.” Professor Deepa Mani is money to Professor Ashwini Chhatre as a panellist to participate at the Reading the principal investigator of this project. on behalf of the Revitalising Rainfed - United Nations Conference on Trade and • Professor Bhimasankaram Pochiraju has Agriculture Fund - RRAF. Development (UNCTAD) Conference, this been nominated as the member of the • Professor Deepa Mani has been invited summer which is being organised by the SEBI Investor Advisory Committee. He to join the Editorial board at Information Henley Business School at the University of has also been invited to be a member of Systems Research as an Associate Editor Reading, Berkshire, UK. for a three-year term.

10 CENTRES OF EXCELLENCE/ INSTITUTES

Centre for Teaching, Learning, and Case student engagement and learning. The Information Systems. The Centre also Development (CTLC) Centre also helped fi nalise ISB’s partnership organised several high quality events such as

The Centre’s efforts in publishing and with Coursera, for the design and delivery of the annual ISB Digital Summit which saw a distributing India-specifi c cases continued Massive Open Online Courses (MOOCS), and record participation of 300+, the ISB Service to make a global impact with over 40000 is presently helping build ISB’s fi rst MOOC. Science Workshop and the Open Data cases sold in over 60 countries. These cases Besides these initiatives, the Centre offered Camp. The Centre’s outreach activity is also reach a worldwide audience through the workshops on teaching and learning to refl ected in its contribution to the ISBInsight, ISB Case Collection in Harvard University’s various local and national institutions. the fl agship research quarterly of the School, Case Catalog, and through a collaborative the contribution to technology education are Srini Raju Centre for IT and the partnership with the Ivey School of Business, encapsulated in the ISB Boicon Certifi cate Networked Economy (SRITNE) Western University, Canada. The Centre’s Programme in Business Analytics and CEE’s Rigorous interdisciplinary research efforts at Annual Global Case Writing Competition Programme on Marketing and Analytics for SRITNE are focused on understanding and continued to grow, receiving entries from the E-commerce industry. predicting the multifaceted role that IT plays Asia, North America, Australia and Europe. in today’s networked economy. Thomas Schmidheiny Centre for Family The Centre organised the ISB Master Teacher Enterprise SRITNE has two key strategic research Programme, a new initiative to help improve initiatives, one is about understanding the A workshop on Case Writing was organised the quality of teaching in Indian business features of technology mediated learning for faculty from across India where 25 cases schools. This programme is in addition to the that enhances student performance and were discussed and analysed. Workshops Centre’s Doctoral Consortium on Teaching, outcome, and the other is developing a and speaker sessions were also organised an annual programme that focuses on fi nal robust benchmarking and urban planning across the country to create awareness on year PhD students who are about to embark tool for the Smart Cities initiative of the various family business aspects. on a teaching career. These two initiatives government of India. In addition, the The 10 Commandments for Family were successful in drawing participants Centre implemented a rigorous process Business, book authored by Professor Kavil from all over India. The Centre continued to for evaluating research funding and funded Ramachandran was published by the SAGE work with faculty in experimenting with the six initiatives, three of which were across Publications. Besides, research papers use of technology for teaching both inside disciplines of Strategy, Marketing and were submitted at various international and outside the classroom, helping improve

11 conferences. A book chapter was published to the Thomas Schmidheiny Centre for books on Indian Parliament. Furthering ISB’s in internationally edited volumes while two are Family Enterprise with effect from January partnership with Climate Policy Initiative (CPI) under publication. 2015. The Centre organised the Fifth Asian a dedicated offi ce has been set up in Delhi

A case written by the Chair was registered Invitational Conference on Family Business for the CPI-ISB team. Further, the Institute with the Harvard Business School. Cases in February 2015. Compared to the previous welcomed Dr Prajapati Trivedi, former focusing on family entrepreneurship, conferences, there was greater participation Secretary to the Government of India and succession, corporate governance, of both speakers and delegates from six Senior Economist with the World Bank, as professionalisation, family constitution, other Asian countries. While the academic a Senior Fellow (Governance) and Adjunct women entrepreneurs, etc. are at different conference had 26 cases presented, the Professor of Public Policy. stages of development. business conference had 25 speakers On the education front, the Management from India and abroad sharing their insights The Chair had articles published in various Programme in Public Policy (MPPP) on continuity of family business across newspapers and was also extensively quoted was launched for senior and mid-career generations with 350 plus delegates in the media. The newsletter from the Chair professionals from the government and attending. reached to over 4000 people. private sectors. The programme has received an overwhelming response and begins in A PGP elective on Strategy, Leadership and Bharti Institute of Public Policy (BIPP) April 2015. This programme will be delivered Resource Management has been offered The Bharti institute undertook a broad in collaboration with our partner School, the to the students successfully for the sixth range of activities in the year 2014-15. The Fletcher School of Law and Diplomacy, USA, consecutive year, with about 10% of the outreach initiatives include a series of ‘Civic and ISB’s Centre for Executive Education. total class strength enrolled. Two courses on Quotient’ policy workshops around the The fourth offering of the ISB’s UNICEF “Understanding Family Business- Managing country, organised in association with CII’s Executive Programme on Evaluation for Paradoxes” and “Professionalisation of Family Young Indians. The institute also hosted Development was also organised by the Business” have been offered to the MFAB a research workshop in August where Bharti Institute in the Mohali campus, in students. several eminent academicians presented collaboration with ISB’s Centre for Executive Executive training programmes on their research for critical feedback. A Education. “Family Business - Managing Growth and Roundtable was organised on Corporate Transformation” have been successfully Social Responsibility in July, which was Max Institute of Healthcare Management

offered to executives from family businesses. followed by a Distinguished Speaker Session Since the Max Institute of Healthcare The Chair continues to expand its by the Director General of Indian Institute of Management began its operations; it has international network with faculty from Corporate Affairs. The Institute welcomed made signifi cant progress in the areas of Kellogg Business School, CASS Business former Cabinet Minister Jairam Ramesh as education, research and impact projects. School, UK, University of Vermont, US and a Distinguished Fellow of the Bharti Institute. A Certifi cate Programme in Healthcare Witten University, Germany. Professor Kavil On the research front, several papers Management is under development for Ramachandran has been invited by the produced by the Bharti Institute of Public rollout in the fall. An intensive engagement University of Zurich, Switzerland and Witten Policy have been accepted for publication, with students and alumni around the PGP University, Germany as a Visiting Faculty. including on fi nancial regulation, corporate Healthcare Specialisation is also underway. governance and renewable energy. The The Family Business and Wealth The institute has received a grant of INR 35 institute has also made contributions to Management Chair at the ISB was upgraded lakhs from the Gates Foundation. Professor

12 Sarang Deo is engaged in research regarding hopes both these initiatives will enable it challenges of the sector and drive the nation comparative effectiveness of three methods to mark its presence in the manufacturing into the future. The Punj Lloyd Institute of of ORS/Zinc distribution in collaboration with ecosystem. Infrastructure Management seeks to emerge

Clinton Health Access Institute. The research focus of the Institute was also as the ‘Go To’ place for any information, Design work in partnership with ACCESS on the MSMEs, with an ongoing study on advise or capacity building needs of the Health International, for a prototype primary the impediments that Indian entrepreneurs industry. It will do so by forging strong links care delivery and fi nancing model for Uttar face in matters of structural, institutional with the Government, the industry, the Pradesh is almost complete. This has also and fi nancial perspectives. The Institute is academic community and other stakeholders been funded by the Gates Foundation, at also doing a students led project for Punjab by working in the areas of Education, INR 31 Lakhs. As part of a Public Private Agro Juices Limited (PAJL) to evaluate Research and Impact projects. During the Partnership, the Institute is working with the feasibility for them to enter into the year, Dr O P Agarwal an Urban Transport ACCESS in Rajasthan to build government secondary products market. The 2nd ISB and Infrastructure expert, formerly with capacity as a prototype study for the social - POMS workshop held at the Hyderabad the Government of India and The World enterprise Swasth India which is meant to campus showcased cutting edge academic Bank joined the Institute as the Executive serve low income families in Mumbai. The research in the area of Socially Responsible Director. Under his leadership, the Institute is latter is funded by Abt Associates, with Operations and Supply Chains. A book titled developing various educational products to USAID funds. The Institute has received fi nal ‘Perspectives on India’s Defence Offsets augment the capacity building needs of the approval from the Government of Punjab Policy’ co-edited by Professor Manmohan industry. to proceed with a study of the impact of Sodhi and Col Rajiv Bhargava was published • Executive Programme for Leadership Rashtriya Swasthya Bima Yojana, the national by Sage Publications. in Infrastructure and Real Estate health insurance scheme for below poverty The Institute offered 13 courses under Management is being designed for mid line populations, on the families of receiving manufacturing industry specialisation for the career professionals from the industry to coverage. Post Graduate Programme and 30 students equip them to be the future leaders. from both campuses are likely to specialise • The Institute is designing and delivering Munjal Institute for Global Manufacturing in manufacturing. Munjal Institute has also executive education programmes in Urban (MIGM) facilitated 10 manufacturing projects for Management and Smart Cities. The year was highly eventful for the Munjal students participating in the Manufacturing • A full-fl edged industry concentration in Institute involving signifi cant engagements ProSeminar Course. A competition for the area of Infrastructure Management with stakeholders. The highlights were the operations simulation O-Aces was held for the PGP students will be offered in the launch of the ‘Certifi cate Programme in across campuses. 35 students teams incoming class. Manufacturing and Operations Management participated in the competition. (CPMOM) and the launch of the Big As part of the ‘Smart Cities Initiative’, a Smart Leap Club. While the CPMOM has been Punj Lloyd Institute of Infrastructure Cities Index is being developed in the Indian designed for middle level executives in the Management context by the Institute. As part of the same initiative, Smart Cities Planning Lab, a hands manufacturing domain, the Big Leap Club Given the huge emphasis on infrastructure on training programme to help city managers is an impact driven outreach initiative that in India, the industry needs good leaders in India better understand the nuances of empowers MSMEs to grow. The Institute who can understand the multi-disciplinary visualising and planning new age cities will be developed.

13 INITIATIVES/ RESOURCES

Applied Statistics and Computing Lab Professors Sridhar Seshadri and 13000 books in Mohali. The LRC provides

Applied Statistics and Computing Lab (ASC) P Bhimasankaram’s research on the seamless access across both campuses to has achieved a lot of things in the last year. implications of manipulation of order statistics more than 2400 e-books, 1100 e-journals It provided advice and service to faculty and with applications is under way. ASC actively and 55 databases covering a wide array of their research associates on Statistical and facilitated the strategic execution of the ISB business, management and other peripheral Econometric issues. Biocon Certifi cate Programme in Business subject areas. The NSE-ISB Trading Lab Analytics. Professor Bhimasankaram served housed at the LRC premises has numerous Keeping with the research intensive character as the Faculty Director for this Programme. fi nancial databases, viz., Bloomberg, of the School, the Lab saw many research The Research Associates (RAs) in ASC Thomson Reuters Eikon and Morning Star initiatives. Professors Sridhar Seshadri and actively participated as teaching assistants. which enable the students to hone their P Bhimasankaram’s paper “Non-negativity investing and trading skills in a simulated of a quadratic form with applications to Behavioural Lab environment. The extended and enhanced constrained quadratic optimisation and Eleven research studies were conducted off-campus access to the electronic econometrics” is now ready for sending to a at the Behavioral lab during the academic resources through the Ez-Proxy network top-tier journal. Professors Sanjay Kallapur year 2014-15. Findings from one of the facilitates users to access the e-resources and P Bhimasankaram are monographing studies, Investigating the Psychological remotely from anywhere at any time. The on Research Methodology and Causal Underpinnings of the Fair Skin Bias in India , e-books access through EBL and JSTOR Inferences. Professor P Bhimasankaram was presented by Profesor Tanuka Ghoshal facilitate users to access e-books they want along with Bhavya Singhvi and Jeramia at the “Marketing Science Conference” held to read instantaneously. The integration of Poland are developing a graduate text on in June 2014 at Emory University, Atlanta. both the campuses with a common LMS Linear Algebra with applications in Statistics portal will become a reality soon. LRC and Econometrics. Learning Resource Centre (LRC) also facilitates mediated access to select The LRC’s resources have steadily increased resources to its alums to support their life- to 42000 books in Hyderabad and over long learning experience.

14 OTHER UPDATES

Roundtable on Corporate Social Momentum: Public Policy, Healthcare, US Ambassador Visited ISB

Responsibility (CSR) Manufacturing and Infrastructure,” on US Ambassador to India, Richard A roundtable discussion on ‘New CSR Rules November 25, 2014, at The Taj Mahal Verma visited the ISB in February 2015. and Way Forward’ was organised at Mohali Hotel, New Delhi. Through the high level Ambassador Verma interacted with industry Campus. Twenty four CSR heads from dialogue, the conclave showcased the leaders, young entrepreneurs and ISB faculty, various companies across India, CSR experts ISB’s commitment to creating knowledge staff and students. He spoke on “India and from NGOs, trade bodies and Governments driven responses to development challenges the United States: Building Strong and shared their views at the session. The catalysed by the four Institutes - Bharti Sustainable Economies for our People.” roundtable was co-chaired by Dr Bhaskar Institute of Public Policy, Max Institute of Chatterjee and Mr Rakesh Bharti Mittal. Healthcare Management, Munjal Institute for Global Manufacturing and Punj Lloyd Institute Roundtable on Energy Sector of Infrastructure Management, established at Edward Davey, Secretary of State for ISB’s Mohali campus. Energy & Climate Change, UK and Andrew Cadence Contest McAllister, British Deputy High Commissioner visited Hyderabad Campus on August Think Big contest 2014 - A short story writing 27, 2014 to participate in a roundtable on cum book review competition for school Investments scenarios in the Low Carbon children in the Tricity region was organised and Renewable Energy industry. Heads from by External Relations in partnership with various companies across India working in LRC. The contest saw participation from Green Energy, Renewable Energy, experts over thirteen schools from Chandigarh, from trade bodies and Governments were Panchkula and Mohali. The selected stories also invited to inform on the subject. were accepted to be published in the form of a book, which was a great takeaway for the National Conclave on Driving India’s participants. Growth Momentum

ISB organised its very fi rst National Conclave on the theme “Driving India’s Growth 15 Development the partnership, faculty driven research • The School felicitated alumni

ISB receives signifi cant support from various projects will be supported by EY. entrepreneurs, who have generously sources Enhancing ISB’s ability to provide quality donated “equity”, at Equinox held at Mohali Campus Gaining commitment to the School’s vision education to all

and mission • The School instituted Bajaj Auto Operations Scholarships with support from Bajaj Auto • Received support from Bajaj Auto Limited Team Operations continues to work Limited to provide fi nancial aid to students for the maintenance and renovation of the for providing world class facilities to from PGP. Bajaj Auto Library for a period of three its community alongside its mission of years. • Biocon Foundation continued its support sustainability as a way of life. Few initiatives • Received support from the Pirojsha Godrej towards the ISB Biocon Certifi cate have been outlined to prepare the School Foundation of the Godrej Group towards Programme in Business Analytics. for the upcoming energy challenges and to supporting the School in its research and • Srei Infrastructure Finance continued chart its path towards reducing the carbon education activities. its support to the School by supporting footprint. Through prudent operational

Expanding ISB’s research ecosystem into learning and development activities practices and technological upgradations new frontiers of students who are part of the Srei ISB has witnessed a drop in annual energy Infrastructure Club. consumption by 6% and a cumulative • The fi rst chaired professor in the area of reduction of 31% over last three years. family business, supported by Dr Thomas Alumni contribution ramps up This has contributed to annual reduction Schmidheiny, was converted to Thomas • The Alumni Endowment Fund continued of 2600 tons of CO2 equivalent. ISB is Schmidheiny Centre for Family Enterprise to grow reaching INR 5 Crore milestone. working towards a cumulative water demand with support from Dr Thomas Schmidheiny. The Fund is now utilised to support reduction of 20% over a three year period. The Centre has a vision to create value research activities and provide fi nancial aid From a combined capacity of underground for society and business families by to students. The fi rst Alumni Endowment and rain harvested water of 24000 Kl this developing their custodianship capabilities. Fellowship was announced to be awarded year, the School intends to enhance it to • The School entered into a three year to Professor Krishnamurthy Subramanian. 40000 Kl in the coming year, thus meeting partnership with NSE to set up the NSE • Alumni from Class of 2013 got together to 30% of its requirements. ISB Trading Lab at its Hyderabad campus. institute the Aditya Shembekar Scholarship As a recognition of efforts by Operations, The partnership will enable the School to in memory of their classmate Aditya the School has been conferred with “Energy conduct research and education activities Shembekar. Project of the Year-Asian Subcontinent” in the area of investment and trading. • Class of 2011 continued its support by Association of Energy Engineers (AEE), • The School signed a partnership with towards providing fi nancial aid to need USA. Again on the greenery front, the EY towards conducting research in the based students from PGP by awarding School has been adjudged as the winner area of emerging markets. As part of Class of 2011 scholarship. in the Horticulture Competition conducted

16 by Department of Horticulture, Telangana Information Technology purpose has matured and acted as a

Government for the second consecutive year. The School continues to make signifi cant catalyst for the School to venture into more Sustainability Initiatives to reduce the carbon investments in information technology and such programmes - ISB Biocon Certifi cate footprint and energy conservation at the technology-enabled learning resources and Programme in Business Analytics (CBA), Mohali campus: witnessed major accomplishments during the Management Programme in Public Policy (MPPP), and Technology Entrepreneurship • LEED India awarded “ IGBC’s LEED INDIA year 2014-2015. Programme (TEP). GOLD” rating to the campus The School has inducted Telepresence

• Won the NDTV Grundfos Mission Energy technology in a disruptive manner into its T-Hub learning environment. One mini lecture Challenge The T-Hub is being set up by the Telangana theatre at Hyderabad has been linked • Campus featured exclusively on Times Government in collaboration with IIIT, seamlessly via Telepresence technology, to Now “Power of Shunya” Hyderabad, Indian School of Business (ISB) Mohali campus thereby augmenting capacity • Installation of Reverse Osmosis plant at the and NALSAR University of Law. T-Hub will through the creation of a virtual classroom main kitchen be a platform to accelerate the growth environment without compromising on the of technology start-ups in Hyderabad by • Installation of Water Softener plant for overall classroom experience. With this providing them an ecosystem of quality launderette to reduce usage of chemicals implementation, ISB achieves a very unique infrastructure, mentors and fund managers. and water distinction, among the nation’s leading Expected to be operational by June this year, • Geothermal Plant stabilisation and management institutions, of using state-of- it would be the largest centre for start-up upgradation the-art technology to create “borderless”, and entrepreneurship activities in the country. virtual classrooms. ISB would provide business mentoring and The cloud-based technology platform support to the T-Hub adopted by ISB for distance learning

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