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ISB MBA Admissions & Related Blogs

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How to give till it’s pleasing  [#permalink]

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New post 28 Mar 2019, 10:00
FROM ISB Admissions Blog: How to give till it’s pleasing
India’s corporate sector has been very responsive to social issues. Five years ago, India enacted mandatory provisions for corporate social responsibility spending. Annual social spending by the top 500 companies has since increased from Rs 8,800 crore to an estimated Rs 11,500 crore this year. As expected, education and skills training has attracted the most funds, followed by water sanitation, hygiene and healthcare as a clubbed sector, both together taking in more than 61% of total CSR spending.

Yet, dilemmas abound. Technology entrepreneur Sanjeev Bikhchandani wonders whether old fashioned employment generation should be the highest social objective in developing countries. Naveen Jain, from Silicon Valley, questions whether any initiative could scale without a business motive and whether businesses catering to the bottom-of-the-pyramid are the best bets. Rohini Nilekani espouses that charities should not be scared of experimentation and failure, as all change involves dead ends. TED founder Chris Anderson is an advocate of “beyond the horizon” challenges that can only be solved by collective action. Much like technology disruptors, Bill Gates recommends going after big challenges, not necessarily the sexiest, and has hence focused on vaccinations, claiming that $1 spent on immunization has a $44 economic benefit. In our own foundation, we have debated whether engaging with the government on areas of common interest will propel us forward or divert our energies. There are no easy answers.

People’s world views are overwhelmingly shaped by their experiences. A recent study by Crowdpac found that people in academia and the entertainment industry tended to skew towards liberal thought; agriculture and mining workers embraced conservative thinking; manufacturing executives were mildly on the liberal side while Wall Street-types were mildly on the conservative side.

Similar diversity is clearly seen in the giving patterns of corporate India. Take the top 3 sectors contributing for CSR spending in India: petrochemicals 22%, banking 21% and information technology 14%. Their spending patterns are very different. Petrochemical firms are less inclined to spend on beyond-the-horizon solutions as compared to financial firms. Temperamentally, information technology firms find it easier to back innovative concepts while dealing with social issues. This heterogeneity in thinking can be a powerful force. But the size of the challenges and the plethora of possible solutions can sometimes be paralyzing.

Here’s a trick question: what is the biggest challenge facing the world today? Depending on your vantage point, the answers could be many: North Korea or the risk of the Thucydides Trap in the US-China trade war; unsustainable pollution or climate change; poverty or hunger or displaced immigrants from war torn regions; mindless materialism or political Islam; and Donald Trump, if you were to hear conversations amongst the New York intelligentsia! The way I see it, while all of these are burning issues, the greatest threat to the world, as British explorer Robert Swan succinctly put it, “is the belief that someone else will save it”. There is no “someone else”. It is up to us.

It is up to us to be citizens and not just consumers, to think deeply about what is important to us, and to put our best foot forward. Each of us have different things that touch us, different resources, and different solutions. India’s elite — amongst them the educated and resourceful 100 million upper middle class — have a conscious choice to make.

India ranked 130 out of 189 countries in the latest Human Development Report released a few months ago. Though this rank seems low, India’s Human Development Index improved almost 50% from 0.427 in 1990 to 0.640 last year. Such improvements happened on the back of economic growth as well as increased contribution towards development expenditure from private sources. Analysis by Bain & Co shows that while government contribution has been increasing at 4% annually, private sector aggregate contribution is increasing at 25%, and individual philanthropy has been growing at an astounding 44%. India surely has reasons to smile!

British playwright George Barnard Shaw said: “Money can represent health, strength, honour and beauty, just as it can represent illness, weakness, disgrace and ugliness”. To me, these are dimensions along a continuum. India’s wide-based commitment is a force for many profound changes that will compound over time. Let me try and predict the future: India will stand on the cusp of honour and beauty!

By Gaurav Dalmia, Chairman of Dalmia Group Holdings.
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Updates on Family Business  [#permalink]

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New post 28 Mar 2019, 22:00
FROM ISB Admissions Blog: Updates on Family Business
How Azim Premji is rewriting the art of giving – //economictimes.indiatimes.com/articleshow/68571154.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 Hinduja family tops Asian Rich List with £25.2 bn; LN Mittal at 2 –//economictimes.indiatimes.com/articleshow/68536683.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Raymond forays into real estate sector –//economictimes.indiatimes.com/articleshow/68572482.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Family Takes Edmond De Rothschild Bank Private

http://www.campdenfb.com/article/family-takes-edmond-de-rothschild-bank-private
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Updates on Family Businesses  [#permalink]

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New post 04 Apr 2019, 21:00
FROM ISB Admissions Blog: Updates on Family Businesses
How Arvind Ltd is betting on newer businesses to move up the value chain  –

https://economictimes.indiatimes.com/in ... 647731.cms

How Astral Pipes’ Sandeep Engineer became a mint-new billionaire –http://www.forbesindia.com/article/real-issue/how-astral-pipes-sandeep-engineer-became-a-mintnew-billionaire/52953/1

Godrej Properties forms JV with Omkar for sea-facing flats in Mumbai’s Bandra –https://www.livemint.com/companies/news/godrej-properties-forms-jv-with-omkar-for-sea-facing-flats-in-mumbai-s-bandra-1554307742065.html

Wealthy Indians love hard assets which form 25-30% of portfolio: Benaifer Malandkar, RAAY Investments – https://economictimes.indiatimes.com/markets/expert-view/wealthy-indians-love-hard-assets-which-form-25-30-of-portfolio-benaifer-malandkar-raay-investments/articleshow/68703312.cms

Ferrero to buy biscuit businesses of Kellogg for $1.3 billion –  http://timesofindia.indiatimes.com/articleshow/68674443.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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Updates on Family Business  [#permalink]

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New post 11 Apr 2019, 22:00
FROM ISB Admissions Blog: Updates on Family Business
Bharti Airtel gets SEBI nod to raise up to Rs 25,000 crore

https://www.businesstoday.in/current/co ... 35333.html

Ashok Leyland eyeing CIS countries, Africa for setting up assembly plants

https://www.livemint.com/companies/news ... 11682.html

Bikaneri Namkeen hits $1 billion sweet spot 

https://economictimes.indiatimes.com/in ... 748182.cms

The billionaires of Ahmedabad

http://www.forbesindia.com/article/real ... ad/52935/1

I think we picked one story from Forbes India last time. Just in case we have already covered the above story, you may replace it with one of the following two stories.

How billionaire debutant Sanjeev Bikhchandani built himself a fortune

http://www.forbesindia.com/article/real ... ne/52965/1

Mukesh Ambani: In the global big league

http://www.forbesindia.com/article/lead ... ue/52931/1
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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10 reasons why O-week is the best way to start your ISB journey  [#permalink]

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New post 11 Apr 2019, 23:00
FROM ISB Admissions Blog: 10 reasons why O-week is the best way to start your ISB journey
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Hey Class of 2020! Yes, it’s finally here. Your months and months of hard-work to make it to one of the top B-schools in the world is finally coming to fruition. Beyond the innumerable reasons why you’re already excited about it, we wanted to put the cherry on the cake with ‘O-week’; and we assure you, it will be a week to remember in your year of transformation. In case you’re still wondering, here are 10 reasons why it is the best way to start your ISB journey –

    1. Get to know your cohort
Irrespective of whether you have attended multiple meet-ups or managed to be super-active on the chat groups, this week will be the time when you get to meet TOO MANY NEW PEOPLE. Some of them could become your go-to people in a few weeks when there’s an exam you know nothing for or even when you simply need a lifeline at ISB. So, go out and break that ice.

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    2. Adapting to the Academic Rigour
Yes, it’s been a few years since you last gave an exam or attended classes for hours, but guess what? ISB will ensure you get enough and more of that. And no better way to prepare yourself for it than the O-week. Find out all about what lies ahead of you academically and how to make the best of it.

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  3. Re-discovering the college err..school life
Academics is a small part of the wholesome school life you’re about to experience at ISB and O-week is the time when you truly live some of it. So, cue excitement, as you’ll be living one of the best school lives there could be and yes, O-week will set you up for it.

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     4. Finding your IKIGAI
FOMO (Fear of Missing Out) can become a guilty pleasure for a few of you and you might want to do everything at once. But all you need to do is to find your ISB IKIGAI  and ‘carve your own path.’ O-week is when this all starts.

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    5. Getting used to the #LifeAtISB
It would be false if we tell you, life won’t change after ISB. Well, it most certainly will. But the trick is to adapt and learn how to battle it all while staying sane. O-week will give you a peek into the coming year and we’re sure you’ll love it.

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     6. Evolving as a leader
This is the week you step up your leadership and management game. So, go ahead and participate in all the activities with full zeal and excitement, allowing the leader in you to shine.

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    7. Falling in love with the beautiful campus 
If you haven’t already gone through all the beautiful campus photos and fallen in love with them, O-week is the time to do this. Even though you’ll continue to find new spots around the campus throughout the year, O-week is your chance to know most of them.

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   8. Excel with collaboration
You cannot survive the year at ISB without some help and collaboration from your peers. And this week will make you ready for that drill! So come prepared to meet people across industries and functions with very diverse perspectives. Image

   9. Know your ‘Alums’
Well, this 10K strong network is one of your strongest currencies during and after ISB. O-week is your chance to know some of them and get some much-needed pep talks and hacks to survive the year.

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    10. Oh! and lots and lots of FUN
We saved the best for the last, but trust us when we say this, O-week will be one of the most fun weeks you’ll have at ISB; and WE ARE EXCITED!

Image
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So You’re A Mentor: Now What?  [#permalink]

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New post 15 Apr 2019, 04:00
FROM ISB Admissions Blog: So You’re A Mentor: Now What?
What made you become a mentor? Maybe you wanted to extend your reach and impact beyond the quotidian. Maybe you experienced the benefits of mentoring and wanted to give back. And what’s next once you don this mantle? You might be oscillating between teaching, supporting, and assessing your mentees, wondering about your role in their development (Peiser 2018).

Answering the classic W and H-questions might help you to think through the mentoring process.

WHAT do I have to offer?

Reflect on your career path and particularly your mentors. What qualities did you appreciate in them? What resonated with you about their mentoring style? Also reflect on your managerial style. What aspects of your persona in the professional world do you want to leverage as a mentor?

It might take some trial and error until you find your unique mentorship style- just as it took you some time to find your managerial voice.

HOW can I help my mentee?

Assess your mentee’s needs before assuming that the style that worked with one mentee would work with others. Being cognizant of the uniqueness of your mentees will show you the way you can serve their needs best.

Practice active listening and resist the urge to complete mentees’ sentences, thoughts, or overlay your experiences on theirs. Mentoring is like helping unravel tangled thread. You can work together with your mentee to show how to untie the knots but let them create their own designs.

Next, create SMART goals for your mentoring relationship- specific, measurable, attainable, realistic, and timed. These should form the discussion agenda during your conversations and be revised as your mentee evolves into new roles or life phases. Identify what success should look like for your mentee: is it a promotion, better negotiation skills with family, a product launch?

The Other 3 Ws

Let’s flesh out the other three Ws- when, where, and why.

When and where you offer mentoring support really depends on your and your mentee’s needs and schedules. Along with a set schedule (for example, once a month meetings), spontaneous (online) check-ins help tremendously in a productive relationship. Mentees look upon you as a beacon of hope in their times of turmoil. Be there for them and build trust.

Mentoring doesn’t need to be driven only by mentee goals. If you read an article or see a video that makes you think of your mentee, send it along. And encourage your mentee to do likewise, because the best mentoring is mutually beneficial. Bokeno and Gantt (2000) have termed this “dialogic mentoring,” a way of overcoming the fear of being judged through shared mentor and mentee experiences.

And that brings us to the why of this relationship. What is the value proposition for you? Mentoring can be a fulfilling experience, akin to creating art or nurturing a garden. It is a new way of approaching your own productivity, your professional advancement and satisfaction.

Having said that, mentorship is all about the mentee. As a mentor, your ultimate goal should be enabling your mentee achieve skill building and decision making based on the blueprint(s) you provide them during your timed mentoring intervention. Once the mentee has reached her desired goals that she set with you, it might be time to dial back.

To adapt a known adage, “If you mentor somebody, set them free.”

Yogini Joglekar

Also read:

Bokeno, R M and V W Gantt. (2000). Dialogic Mentoring: Core Relationships for Organizational Learning, Management Communication Quarterly, 14(2): 237-270.

Peiser, G., J. Ambrose, B. Burke, J. Davenport. (2018). The role of the mentor in professional knowledge development across four professions, International Journal of Mentoring and Coaching in Education, 7(1): 2-18.
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Updates on Family Business  [#permalink]

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New post 18 Apr 2019, 21:00
FROM ISB Admissions Blog: Updates on Family Business
Tata Sponge Iron acquires steel business of Usha Martin for Rs 4,094 crore – 

https://www.businesstoday.in/sectors/in ... 35775.html

Saudi Aramco in talks to acquire 25% stake in Reliance Industries’ refining, petrochemical business-

https://www.bloomberg.com/asia

Future Consumer to Raise Rs 350cr from investors & promoter group-

//economictimes.indiatimes.com/articleshow/68771511.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Merck: Learning by Example- http://www.campdenfb.com/article/merck-learning-example

Institution Building : What Family Businesses Can Learn from Merck – http://www.campdenfb.com/article/institution-building-what-family-businesses-can-learn-merck
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Updates on Family Business  [#permalink]

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New post 25 Apr 2019, 21:00
FROM ISB Admissions Blog: Updates on Family Business
Leverage, deals & a succession plan: Mukesh Ambani has an eye on the future – 

//economictimes.indiatimes.com/articleshow/68999735.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 Hong Kong Property Tycoon Gave Away Children’s $400m Inheritance – https://www.bloomberg.com/news/articles/2019-04-22/hong-kong-property-scion-has-no-house-no-inheritance

Tata Global to buy Dhunseri’s branded tea business –

//economictimes.indiatimes.com/articleshow/69017378.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

From Family Feud to Successful Conflict Management –https://www.tharawat-magazine.com/sustain/family-feud-conflict-management/#gs.78th9q
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Updates on Family Businesses  [#permalink]

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New post 02 May 2019, 21:00
FROM ISB Admissions Blog: Updates on Family Businesses
BT Buzz: Wipro Consumer Care and Lighting – The other billion dollar Wipro

https://www.businesstoday.in/bt-buzz/news/bt-buzz-wipro-consumer-care-and-lighting-other-billion-dollar-wipro/story/342553.html

82-year-old brand Haldiram’s to tap startups, invests in Venture Catalysts-

//economictimes.indiatimes.com/articleshow/69004819.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Surya Capital Targets Schools, Fintech in East African Drive-https://www.bloomberg.com/news/articles/2019-05-02/surya-capital-targets-schools-fintech-in-east-african-drive

Asia’s Longest-Serving Directors Can Be Found in the Philippines-https://www.bloomberg.com/news/articles/2019-04-28/asia-s-longest-serving-directors-can-be-found-in-the-philippines
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Updates on Family Business  [#permalink]

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New post 09 May 2019, 21:00
FROM ISB Admissions Blog: Updates on Family Business
We see faster and significant growth in US: Samina Vaziralli, executive vice-chairperson, Cipla  – 

//economictimes.indiatimes.com/articleshow/69179939.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Ratan Tata invests in Ola’s electric mobility business – https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/ratan-tata-invests-in-olas-electric-mobility-business/articleshow/69210169.cms

Generation next: Abdul Majid Rabbat – https://www.arabianbusiness.com/retail/419404-generation-next-abdul-majid-rabbat

 

Automation Battle Highlights Costs of innovation for Family Businesses-  http://www.campdenfb.com/article/automation-battle-highlights-costs-innovation-family-businesses

JSW Steel raises offer for Asian Colour by 25% to Rs 1,500 cr  – 

//economictimes.indiatimes.com/articleshow/69226573.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
ForumBlogs - GMAT Club’s latest feature blends timely Blog entries with forum discussions. Now GMAT Club Forums incorporate all relevant information from Student, Admissions blogs, Twitter, and other sources in one place. You no longer have to check and follow dozens of blogs, just subscribe to the relevant topics and forums on GMAT club or follow the posters and you will get email notifications when something new is posted. Add your blog to the list! and be featured to over 300,000 unique monthly visitors

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Learnings from Global MBA conferences  [#permalink]

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New post 10 May 2019, 03:00
FROM ISB Admissions Blog: Learnings from Global MBA conferences
In March and April, I got the opportunity to participate in two Global MBA conferences, which were held in Sydney and Paris, respectively.

The first conference, MBA World Summit, selected 100 top inspiring MBA students from business schools around the world for a three-day summit. The summit was a platform for high impact exchange among MBA students and was aimed at pushing future innovation and fostering a collaborative culture.

The opening session on ‘Future of Work’ gave us a good overview of how industries and countries would evolve in the coming years.

Image

As the world is going through the fourth Industrial Revolution in which data, robotics, artificial intelligence, etc. are shaping the way things are made, serviced and distributed, the session urged us to think about how this renaissance can disrupt countries and economies and can create a wealth distribution that might disturb global peace and relations.

We learned that developing countries need to be investing in new jobs, new skills and new industries to stay relevant. Later, we had several laboratory sessions that gave me an idea of what MBA students from different backgrounds are interested in and are working on.

The second conference, the Graduate Business Conference (GBC), held in Paris, brought together student leaders from Top B-Schools around the world to share their best practices and ideas. This year, the 36th GBC was hosted by ESCP Europe in its Paris campus and the theme was ‘United in Diversity’. Around 120 participants attended the summit. These included current Student Presidents, Head of Student Councils and Alumni.

The dialogues revolved around the common problems that student leaders face and how they can run student bodies better. In addition to dialogues and sharing of best practices, the conference also hosted speaker sessions and panel discussions. It was surprising yet enjoyable to see how students in the top B-schools all faced similar experiences and problems.

From both these conferences, it was exciting to observe that though we were from different countries, the topics and interests that we all had were very similar. It was a great platform to form networks with peers from other top schools, and this becomes important as we all move towards a more globalised world.

– Sandeep Ganesh, Class of 2019
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A significant step towards success – ISB’s PGPMAX  [#permalink]

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New post 16 May 2019, 03:00
FROM ISB Admissions Blog: A significant step towards success – ISB’s PGPMAX
I believe that in an increasingly corporate arena, an entrepreneur’s vision should always include incorporating the right business management skills and comprehensive knowledge in aspects such as strategy and finance, alongside technical proficiency.

Being a graduate of Computer Science from Manipal University, my expertise and experience of 14 years were solely concentrated within the technical field. ISB’s PGPMAX, Post Graduate Programme for Senior Executives, has been a definite game changer in my career. It helped me gain better insights into the frameworks of management and to grow professionally from a Programme Manager in CXC Solutions to my current profile as a Global Lead at KPMG.

Image

The comprehensive case studies taught by Professor Hardeep Singh and Professor Prashant Kale coupled with the practical skills taught at ISB truly helped me become ‘future-ready’. The programme has offered me relevant learnings that I consistently implement in my daily work life – from Talent Management to Strategic Negotiations. I always refer to the lessons learned at ISB.

Having witnessed the exponential growth of my spouse, also an alum of ISB’s flagship PGP, Post Graduate Programme in Management, I trusted that PGPMAX was a viable choice for taking my aspirations of being a leader to the next level.

Moreover, the opportunity to interact with the faculty and fellow students on campus was a reassurance of the unmatched quality and the global standards of the education at ISB. Moreover, the international immersions provided great opportunities to bring the laboratory of the world to our learning journey.

The decision to enrol in ISB has proven to be one of the best investments of time, money and efforts. It has been a significant step towards climbing the ladder of success.

My advice to all PGPMAX aspirants would be to leverage the broad network ISB links you to, learn concepts from their roots and ultimately, do your bit by putting in 100% on the work, passion and determination towards your goal. ISB always has a way of propelling you to the future you have always dreamed of.

– Harsh Singh

   PGPMAX, Class of 2018

   Global technology due diligence lead
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Updates on family business  [#permalink]

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New post 16 May 2019, 23:00
FROM ISB Admissions Blog: Updates on family business
Wipro turns to government business, hires hands to boost numbers – //economictimes.indiatimes.com/articleshow/69366603.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

Mukesh Ambani buys UK’s Hamleys for $88 million – http://www.campdenfb.com/article/fb-roundup-ambani-david-and-barclay

Hinduja brothers top UK rich list, Reuben brothers second – //economictimes.indiatimes.com/articleshow/69292751.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Leader with clear goals – http://www.forbesindia.com/article/global-indian-business-leaders/leader-with-clear-goals/53551/1
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Updates on family business   [#permalink] 16 May 2019, 23:00

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