Mr. Ratan Tata also took questions from the students and talked about the support young startups need. He mentioned that “I see this as an opportunity to encourage and support young start-ups in new space (e-commerce and e-retailing), which in my view is, going to change the face of the Indian merchandise and marketing. So, in a small way, because I am not a wealthy person, I have invested in some 10 companies. Some of them will succeed.” On being asked by a student about the lessons that can be learnt from the launch of Tata Nano car, he said it was a really an exhilarating experience to produce a car that was affordable and could be purchased for Rs.1 lakh. But, it was a greatest mistake to brand it as the cheapest car instead of most affordable one. It caused a negative impact on the market. People did not want to be seen in a cheapest car.
Delivering the convocation address, Mr. Faizal E Kottikollan, Founder and Chairman, KEF Holdings, Dubai, said, “Today, as you graduate, I wish you all to be different and think different. Just hold on to your values as it is these values that will define you as a good human being.”
Welcoming the gathering, Dr. Bala V Balachandran, Founder, Dean & Chairman, Great Lakes Institute of Management, said, “It gives me great pleasure to welcome our Chief Guests to Great Lakes. I feel proud to be present here on the 11th convocation ceremony of Great Lakes in the presence of our honorable guests. I firmly believe that it is a confluence of diverse thoughts and ideas which makes an institute grow and reach even greater heights. I can say with conviction that today’s graduands stand by this very principle of diversity at Great Lakes. No doubt that these graduates are among the best in the world and have the potential to become catalysts for change. I wish each one of you a great success in your career ahead. The world is out there, awaiting for your contributions and the knowledge that you acquired at Great Lakes will definitely lead you to a positive change. Step out and make your alma mater proud.”
Besides academic toppers, medals and certificates were awarded to nearly 70 graduands in the following categories - Dean’s Merit List, Domain toppers, best Empirical Study and Committee contributors.
One of the highlights this year was, twenty graduating PGPM students from Great Lakes who completed their six weeks exchange program with University of Bordeaux, France in July 2015, will also be receiving their MBA (Level- M2) degree in European Business Administration and International Business from University of Bordeaux subsequently during Bordeaux University’s graduation ceremony.
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