The Two Classes At IIM Sirmaur That Changed My Life
Students of IIM sirmaur have learned many topics from many visiting faculties of various institutes (national and international), as a student from infamous engineering college I was very happy and eager to learn from management institutes where we can learn topics from real-time situations, although we have to pay for it by attending so many classes and meetings within this hectic schedules.
I still remember two classes, one is from Prof. O.S Vaidya, he is a professor from IIM Lucknow Operations dept. It was morning 8:15 we all were present but tired because we had completed the assignments burning the midnight oil. We hardly got sleep (IIM culture). But that day topic was vendor management and it was a fun activity, we have to play roles of retailers and suppliers. It was fun and we were feeling fresh and excited to do some real stuff although hypothetically. Sir gave us the sheet about the product lines and its cost and demands. Retailers have to negotiate with suppliers about quantity in lowest price to satisfy demand. We were divided in groups and the race started. Initially, we all were calculating some forecasting figures, optimum demand and try to reduce asking price this continuously goes on till 2 hours of lecture time, it feels good when as a retailer we got discount on purchasing but it hurts when a customer asks discount while selling. At the end, due to the competition, every supplier is giving all at free of cost and it became a laughing moment and here no book concepts, no formula nothing at all just a basic addition and subtraction rule. Here I understood, no matter how much you learn, books will not teach you the business but the experience will.
The second class was held at SDA Bocconi, Milan, Italy. It was an international Immersion Programme and we had an opportunity to learn overseas. Teachers were very humble and liberal. Teaching styles are way different than traditional Indian teachings i.e., books. Their learning based on real time incident case studies but not on big brands but SMEs. The class was taken by Prof Gallmann, professor of operations management strategy. He had taught the topic of lean management but to show how easy it is; he took one small activity where we have to assemble torches, from battery and glass to whole body assembling. Customers asked demand and within stipulated time we have assembled torches. Faster you do better production will happen and the customer will be satisfied. We were being curious about how to be efficient and remove bottlenecks. Hypothetical costing and team work made us into the game we all enjoyed. Of course, my team won by making profit double than the other team. That class was one of the memorable classes in my MBA life.
Aditya Birla Sun Life Asset Management Company
India is the fastest growing country, and a big opportunity for many Big firms and SMEs to fulfil the needs of the Indian population, but they need huge investments because the population is around 1.2 billion, second in the world. This investment can be provided by asset management firms and I would like to work in investment firms to manage investments for many firms and individuals and it can be an opportunity for making India to progress.
Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC, formerly known as Birla Sun Life Asset Management Company Limited), is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.
It is the 3rd largest Asset under management company which holds an investment of US$23 billion. Aditya Birla is the third largest conglomerate in India after Tata Group (US$ 103 billion) and Reliance industries Ltd (US$ 64 billion) having a turnover of around US$ 44.3 billion.