MBA Alumni

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Pricing & Negotiation Wars | Game Theory - Explained - Prof. Sumit Sarkar, XLRI Jamshedpur

Pricing & Negotiation Wars | Game Theory - Explained - Prof. Sumit Sarkar, XLRI Jamshedpur

Decision making is an art and a science. It requires intuition as well as method. And one of the methods used by business leaders to make strategic decisions is Game Theory. Used extensively in economics and politics alike, game theory is the science of predicting various probable outcomes of any given situation, keeping in mind all the players and how they behave. In this video, Prof. Sumit Sarkar, professor of economics at XLRI Jamshedpur, elected professor of the year by XLRI students in 2018, talks about using game theory for negotiations, to determine pricing, etc.

Team InsideIIM
Game Theory - Explained | Uber's Pricing Strategy - Prof. Sumit Sarkar, XLRI Jamshedpur

Game Theory - Explained | Uber's Pricing Strategy - Prof. Sumit Sarkar, XLRI Jamshedpur

Decision making is tough. Whether it’s deciding which b-school to apply for, or which companies to prepare for or which career to choose, it’s all about making the right and relevant decisions. After all, it’s a fact that decisions made today shape the future. So how to make effective decisions? And how to bet on the right future? There are some interesting decision making frameworks taught at b-schools and otherwise. One of them is game theory. Game theory is applicable in sports, economics, war, politics, public policy and above all, business. In this video, Prof. Sumit Sarkar, Professor of Economics at XLRI Jamshedpur, shares what makes game theory important for management students. If you want to know how CEOs, CFOs and C - Suite professionals make decisions, this video will have answers for you.

Team InsideIIM
Artificial Intelligence Or Emotional Intelligence - IIM Kashipur

Artificial Intelligence Or Emotional Intelligence - IIM Kashipur

Evolution has been an integral part of human civilization. At a certain point, there were about six different species on earth and their ecological impact was as meager as other animals on this planet. But today, seventy thousand years later, we, the Homo sapiens are the undisputed rulers of the planet. Our evolutionary road is marred with blood and decorated with some of the greatest innovations, discoveries and inventions. From being simple foragers to settling along the fertile river plains to building some of the greatest economies operating on complicated principles of capitalism, socialism and democracy, ours has been a breath-taking tale of perseverance and genius.

Sugandha Jain
5 Careers Options After An MBA In Finance

5 Careers Options After An MBA In Finance

An MBA in Finance is a worthwhile endeavour. However, as education by itself, it could seem incomplete when it is time for you to think about your career option post-MBA. In this article, I hope to convey a broad idea of some of the roles you can explore, as well as an understanding of how to attain them.

Riddhi Kalra
Gamification In HR - A Game Changer?

Gamification In HR - A Game Changer?

Like most of the millennium kids, I too spent hundreds of hours into video games - from Roadrash to Call of Duty - with little to show for it in real life. In retrospection, I contemplate that what if there was a game wherein the more one plays, the better one gets in life. And as one levels up in life, the more rewards he gains in-game. Fast forward to today, you can see it the same - tons of “Productivity” apps on play store exist to make life easier, more productive and without compromising the fun part.

MAHANTESH S GOUDAR
The Allure Of Venture Capital -  In Konversation With Pranav Pai

The Allure Of Venture Capital - In Konversation With Pranav Pai

Running your own start-up or even working for one is challenging and unpredictable. But somehow it is that uncertainty that pushes people beyond their limits and achieve things they never even imagined. In this startup journey, the first obstacle every entrepreneur faces is raising money. While some companies consider bootstrapping, others look for funding. And guess who gives the funding? It is the Venture Capitalist. Venture Capital is typically the financing that well-off investors, investment banks and other financial institutions provide to startup companies and small businesses that promise long-term growth potential.

Poonam Das
My 3 Key Lessons From Founding Droom - Sandeep Aggarwal, Founder - Shopclues, Serial Entrepreneur

My 3 Key Lessons From Founding Droom - Sandeep Aggarwal, Founder - Shopclues, Serial Entrepreneur

After his stint at Shopclues, Sandeep Aggarwal went on to found Droom, a company that digitises the buying and selling of used cars. And once again, Sandeep decided to foray into a space that was already saturated with players like Cars24 and CarDekho. So why would one decide to invest time, energy and money into a company which many advised him, was set to fail? But here’s the interesting bit, not only is Droom launched in India, but other Asian countries as well! With plans to go big even outside India, and become a truly global company, Sandeep’s vision and plans for Droom seem to be bold. Find out how his thinking differs from the usual and how he managed to bring Droom to the world.

Team InsideIIM
MBA Alumni | InsideIIM