Industry Interface is an interactive and collaborative arrangement between academic institutions and business corporations for the achievement of certain mutually inclusive goals and objectives. Institutes remain in continuous touch with industry for overall development of their students. Industry needs "ideas". It has a business need, resources and context but lacks time. An academic institute needs resources and has willingness, drive, time and expertise to provide ideas. Thus, an Industry-Institute interface provides the necessary real-world exposure for upgradation of student skills and guidance for governance. These engagements are mutually beneficial to the institution, students, industries and society. Students who undertake different activities such as industrial visit, summer training, experiential learning & industrial projects are automatically well prepared for the world out there.
Industry taps on to the academic knowledge base to improve industrial cost, quality and competitive dimensions, reducing dependence on foreign know - how and expenditure on internal R&D. Industry also updates and upgrades the knowledge base of their professionals through management development programmes conducted by the institute. Meanwhile, the faculty and academia get exposure to industry and tap on to the vast real-world experience of the industry experts to understand the current business imperatives. The involvement of industry experts enables introduction of new courses and developing and/ or re-designing the current program, curriculum and teaching pedagogy. These collaborations between academia and industry enable synergies and win -win outcomes.
One such B-school that provides the much needed industry connect for the students is K J Somaiya Institute of Management. It has industry interfaces with several leading companies in the private, public sector, healthcare, civil and defence sectors. The faculty engages with the industry for Management Development Programs, Consultancy, Industry sponsored Research Projects, Coaching, Seminars, and Assessment Centres. The student engages through guest lectures, competitions, placement drives, Internships, and concurrent projects and mentorship.
K J Somaiya Institute of Management stresses on observing, thinking, doing and feeling. Hence, the curriculum is cutting edge, current and experiential and a healthy blend of classroom discussion with live projects, case discussions, simulations, panel discussions and internships add the much needed experience for the students.
Students also collaborate with faculty members on various assignments and learn to negotiate, work in teams and demonstrate leadership.
The students get the opportunity to learn International Relations and attend Diplomacy Workshop conducted by the Council Generals of various countries like Israel, Italy, Australia, etc. The international exchange and immersion programs enable students to develop cross-cultural sensitivity and global awareness. At the same breath students get to experience a rural immersion program, where they learn how to implement their learning in forming strategies for brands in the rural market.
A recent being in association with Lotte India, where they could leverage their classroom learnings to identify consumer behaviour for Lotte products and curate a Go-To-Market (GTM) strategy for rural markets.
The Institute maintains a requisite combination of pure academicians and industry experts in the following areas of specialization:
- Finance Accounts & Law
- Marketing & International Business
- Operations, Supply Chain & Logistics Management
- Organizational Behaviour & Human Resource Management
- Data Science & Technology
- Business Analytics
- Economics
- General Management including Strategy, Entrepreneurship, Ethics, Principles of Management & Communication
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With a lush green campus and a state of the art infrastructure it is definitely one of its kind in the heart of business capital, Mumbai. The institute focuses on experiential learning and offering courses that are cutting edge and future ready. To give emphasis on growing sectors the institute also offers a PGDM program on Healthcare and Sports Management. An MBA degree at K J Somaiya Institute of Management, offers a plethora of choices and you can choose the one that goes with your personal career goals and ambitions.
Find more about the institute in the link here.