XLRI has always shared a stable rapport with the industry. Throughout the year XLRI organises and participates in various industry-led events which provide a platform for our students to come face-to-face with business leaders, says Dr Pranabesh Ray, dean, academics at XLRI
XLRI faculty has trained representatives of 60 companies - which ones are these and what was the training provided for?
The management development ­programmes are conducted by ­full-time and part-time faculty of XLRI. It helps executives understand successes and failures by applying management concepts. This way they can replicate their ­successes or avoid repeating failures. In the dynamic market situations, executives are forced to take quick decisions. In the process of making decisions, sometimes the basics are forgotten. These programmes help the executives question the basics and reinforce their strategies in the right direction. Our programmes also provide industry ­representatives an opportunity to share their ­experiences.
Some of the programmes are designed to help executives develop their personality and leadership skills. Representatives from Indian Railways Institute of Transport Management, Larsen and Toubro, LG India Learning Centre, Ashok Leyland, Essar Investments, Mckinsey & Co etc were trained
How is the institute’s mission and vision been realised through its interactions with industries?
XLRI has always shared a ­stable ­rapport with the ­industry. Throughout the year XLRI ­organises and participates in various ­industry-led events which provide a platform for our students to come face-to-face with the business leaders. XLRI’s ­mission is to enable aspiring ­managers realise their full potential and encourage entrepreneurship and service
Where does your visiting faculty come from?
Visiting faculty includes former XLRI as well as IIM professors which include Dr Arabinda Tripathy, former professor, Indian Institute of Management, Ahmedabad, Atanu Ghosh of Nevaeh Technology, Kolkata, B Chandra Shekhar, retired senior GM - finance, Tinplate Co of India Limited (a subsidiary of Tata Steel), Jamshedpur, Prof D P Sinha, former professor, XLRI, Jamshedpur, Dr Kampan Mukherjee, Indian School of Mines, Dhanbad, P Somaraju, deputy commissioner of labour, government of Andhra Pradesh, Dr Ranjan Ghosh, former professor, Indian Institute of Management, Calcutta, Dr Richard D Sibbernsen, retired executive vice president, AT&T, Illinois, USA and Dr V Nagaraj, National Law School of India University, Bangalore among others
When did your entrepreneurship cell, Aarambh, start functioning? Successes and challenges it has had so far?
Aarambh was one of our first e-cell initiatives. The idea is that students create a business plan and implement it by spending a minimal amount of `1,100. More than 100 teams ­participated, out of which six entries were chosen
Please tell us about XLRI’s interactions with institutions dedicated to public services, the unique problems they came to you with?
XLRI had started a financial literacy programme among the unbanked population in adjoining villages across east and west Singhbhum districts through a project called Sanchetana and had launched Financial Literacy on Wheels initiative at Jamshedpur in association with the State Bank of India.
The objective of these projects were to make villagers and the urban poor aware of the importance of savings, insurance and old age pension and bring such services closer to their homes.
The student teams from XLRI visited various public centres in remote villages in and around the district, participated in their meetings and festivals, schools, community associations, etc. to spread financial literacy using various forms of audio visual documents in the villages
What are the big business ideas being incubated at your Entrepreneurship Development Cell (EDC)?
The functioning of the EDC commenced in the academic year 2007-08 with the holding of a management development programme (MDP) on August 16-18, 2007 on the theme Imperatives for SSI Entrepreneurs in the Changing Global Scenario for small and medium entrepreneurs affiliated to Singhbhum Chamber of Commerce and Industries, Jharkhand.
In 2009-10, a short-term training programme in the form of a management development programme was organised by the Centre for functionaries of institutions working directly or indirectly for promotion of entrepreneurship in the country.
The centre provided support to students in designing and conceptualising entrepreneurial ventures in various fields, including generation of biofuel from pongamia (a genus of legume) and promotion of tribal culture and heritage.
It also helped obtain institutional support, including that from the government, for prospective entrepreneurs from among the institute’s students.
Hear it from the students
Dr Dhruv Gupta,
secretary, Entrepreneurship Cell, XLRI
What have you learned from your interactions/internships with the industries?
Aarambh is the annual ice breaker event of XLRI’s E-Cell, which acts as a platform for the committee to introduce itself to the new batch. Last year’s Aarambh saw participation from 24 teams and innovative B-plans from the junior batch. We plan to hold the event this year and are looking forward to greater success.
We held the National Women Leadership Summit last year in November, which saw women leaders/entrepreneurs from all over the country give talks on various issues related to entrepreneurship. It was followed by the E-Chai, the networking event in which people were able to interact with the leaders themselves. We were able to learn about the major challenges faced by these leaders as well as look at some of the solutions that they implemented. I feel that the interactions were of great help to anyone looking forward to starting their own business.