'Aspirations need to be higher than resources' - Sunil Bharti Mittal, at the Indian School of Business, 12th June 2012.
'Theory doesn't come to life until you try it out' - Professor Charles Fine of MIT, at the Indian School of business - 12th June 2012.
Entrepreneurial students at ISB couldn't have wished for a luckier day than the 12th of June. The evening started with an inspiring speech by Mr. Mittal at 6 : 15 pm, after which the focus shifted towards making the most of our ISB education, by focusing on the 'Action+Learning' technique.
Both Professor Fine and Professor Loredana Padurean of Lasell College have had tremendous experience in fields of Supply Chain, Logistics, Manufacturing and Operations. At a packed venue, where students were inspired by the turning of events, Professor Padurean stated candidly - she was more interested in the 'people management' aspect of manufacturing and operations. 'There are more than 50 million Small and Medium Enterprises (SME) in India, and I am here to understand how they work'.
We can be forgiven if we wondered, why is a Ph.D. from MIT, who had interned with the Switzerland Tourism and Hospitality board, interested in SME's in India? 'I interned at a big company', she said, 'and I learnt absolutely nothing. So I decided to go to work at the smallest and hardest to reach place to work- a Ski - resort, which had been bankrupt 5 times and was lying in a village with a population of 37.' She started running the resort, and in 18 months, she got her experience in action, learning and some glamour, since the World Trade Organization ,who wondered what on earth was she doing at a ski resort, invited her to give a presentation.
She couldn't stress more on the unimportance of a name, or size of the company. 'Just because the name of the company doesn't tell you much, doesn't mean you won't get Action+Learning'.
Prof. Fine continued. He said theory gives you insights on scientific data. 'If you are going to consider your MBA at ISB as 48 courses, you have just wasted your investment, as you are not going to learn anything'. ' Do projects, Do ELPs! Get your hands dirty and work with the industry', he stressed.
He then focused on the theme of the talk - ' How to make the most of your MBA at ISB'. ' Courses are modules, organizational challenges don't come as a marketing problem, or a finance problem - they come as a dirty mix of all problems'. To make the most of our MBA, he stressed that we needed to 'integrate all the missing pieces' .
Prof. Fine, then started throwing light on the new Manufacturing specialization, which ISB was offering, at the Mohali campus. 'The manufacturing major aims to teach integration and connect all the dots.' He then spoke about the Manufacturing Pro Seminar, which would be mandatory for Manufacturing major students, from term 6 - 8. 'Its a simple plan, we will go to the factories as a group. We will tear everything apart to learn how the mechanism works, and then we will come back and study about what we saw. In other words, we will find ways to integrate pieces of education'.
Finally the focus shifted back to businesses. How do you create a cadre of professionals, to run an organization? The aim of the manufacturing and operations courses at ISB, is to find out the answer. Prof. Fine and Padurean have certainly created a buzz about the new courses being offered. In the end, the participants in the talk walked out, feeling they had just learnt a lot that day.
'Theory doesn't come to life until you try it out' - Professor Charles Fine of MIT, at the Indian School of business - 12th June 2012.
Entrepreneurial students at ISB couldn't have wished for a luckier day than the 12th of June. The evening started with an inspiring speech by Mr. Mittal at 6 : 15 pm, after which the focus shifted towards making the most of our ISB education, by focusing on the 'Action+Learning' technique.
Both Professor Fine and Professor Loredana Padurean of Lasell College have had tremendous experience in fields of Supply Chain, Logistics, Manufacturing and Operations. At a packed venue, where students were inspired by the turning of events, Professor Padurean stated candidly - she was more interested in the 'people management' aspect of manufacturing and operations. 'There are more than 50 million Small and Medium Enterprises (SME) in India, and I am here to understand how they work'.
We can be forgiven if we wondered, why is a Ph.D. from MIT, who had interned with the Switzerland Tourism and Hospitality board, interested in SME's in India? 'I interned at a big company', she said, 'and I learnt absolutely nothing. So I decided to go to work at the smallest and hardest to reach place to work- a Ski - resort, which had been bankrupt 5 times and was lying in a village with a population of 37.' She started running the resort, and in 18 months, she got her experience in action, learning and some glamour, since the World Trade Organization ,who wondered what on earth was she doing at a ski resort, invited her to give a presentation.
She couldn't stress more on the unimportance of a name, or size of the company. 'Just because the name of the company doesn't tell you much, doesn't mean you won't get Action+Learning'.
Prof. Fine continued. He said theory gives you insights on scientific data. 'If you are going to consider your MBA at ISB as 48 courses, you have just wasted your investment, as you are not going to learn anything'. ' Do projects, Do ELPs! Get your hands dirty and work with the industry', he stressed.
He then focused on the theme of the talk - ' How to make the most of your MBA at ISB'. ' Courses are modules, organizational challenges don't come as a marketing problem, or a finance problem - they come as a dirty mix of all problems'. To make the most of our MBA, he stressed that we needed to 'integrate all the missing pieces' .
Prof. Fine, then started throwing light on the new Manufacturing specialization, which ISB was offering, at the Mohali campus. 'The manufacturing major aims to teach integration and connect all the dots.' He then spoke about the Manufacturing Pro Seminar, which would be mandatory for Manufacturing major students, from term 6 - 8. 'Its a simple plan, we will go to the factories as a group. We will tear everything apart to learn how the mechanism works, and then we will come back and study about what we saw. In other words, we will find ways to integrate pieces of education'.
Finally the focus shifted back to businesses. How do you create a cadre of professionals, to run an organization? The aim of the manufacturing and operations courses at ISB, is to find out the answer. Prof. Fine and Padurean have certainly created a buzz about the new courses being offered. In the end, the participants in the talk walked out, feeling they had just learnt a lot that day.
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