Ensemble 2010, the annual management festival of XLRI School of Business and Human Resources, started in Jamshedpur on Friday with a galaxy of business luminaries addressing the Idea Summit series.
Inaugurating the fest, Mr. Jagdish Capoor, Former Chairman, HDFC Bank & BSE; Former Dy. Governor, RBI, put forth enlightening insights about the history and future of stock markets in India. He spoke at length about Capital Account Convertibility besides other steps that might be taken to strengthen the stock exchanges and raise trading volumes. He also touched upon the relevance of these in insulating the markets from the repercussions of overseas shocks. Mr. Capoor ended his talk by noting that further opening of globalisation will have positive connotations for the markets in India.
The Idea Summit Session II saw a first: 'Etincelle' - BOSCH Case Study conducted by FIRE@X (Forum for Industrial Relations at XLRI) was the first of its kind where an Industrial Relations (IR) dispute resolution case study was jointly evaluated by labour and management.
To set the stage, Mr. Nandkumar D.V. – Vice-President, Bosch India conducted a discussion on the macro level factors affecting the IR scenario of the country. He shared perspective on the projected future scenario and expectations and the power of collective bargaining of the workforce of the country.
The event was an IR case study competition for students of XLRI students where students presented their solutions, perspectives and ideas and the management and union of the plant, in turn, presented their viewpoints to the student body.
This was followed by a panel discussion. Representing Management were Mr Nandakumar VP, IR, Bosch; Mr Ashok Abraham, Plant Head, Bosch Jaipur; Mr Sudarshan HR Head, Bosch Jaipur. Representing labour were Mico Bosch Labour Union (MBLU) President, Shri Bhagwan Singh and the Shri Ved Prakash, The General Secretary of MBLU.
As put succinctly by Mr. Nandkumar, “We came looking for ideas, you were more capable brains. Although most decisions are taken on-the-spot, we were very eager to know what we could have done better.”
Being held for the past 7 years, War of Wits, the flagship HR event by SAPPHIRE (personnel management committee at XL), focused this time on building employer branding strategies and designing organizational structure. With a cash prize of Rs 75,000, six teams (chosen from 45 initial entries) from TISS, IIM Shillong, XIM Bhubaneswar and XLRI are battling for the grand prize. “Placement season is coming up and such events help refresh our fundamentals and give us an opportunity to learn as well. Coming to a premier B-school like XLRI to push our creativity to the limit and compete with the best is a unique opportunity that we grabbed with both hands,” said Esai, Siddesh and Ruchi, the team from TISS Mumbai.
Other events such as Pandora and Helios also saw high participation. Pandora, the flagship event of XLRI’s IT society SOCRATES, is a business simulation event on the telecom industry in India and saw the largest participation at Ensemble with a preliminary registration of over 70 teams from across the best b-schools in the country. Of these, teams from NMIMS, NITIE and IIFT Delhi have been selected as finalists.
AXIOM, the Operations Society at XLRI, conducted their flagship event Helios on Day 1 of Ensemble. This is a simulation game that tests concepts from various areas of Operations Management. From over 50 teams that registered for the preliminaries, teams from MDI, NITIE, IIFT Delhi, SIBM Bangalore and XIMB have been shortlisted for the final round.
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