(1888PressRelease)
September 10, 2009 - New Delhi - IPMX students of batch 2010, during their stay at McGill University, learned how disruptive innovations impact management decisions and how to promote innovative culture in various industries. Students also learnt about various aspects of international finance ranging from currency pricing to international asset valuation. The students attended workshops on global economics, leadership, corporate governance and sustainable development.
The students had a session on 'Some half truths of management' by Prof. Henry Mintzberg, a renowned strategy guru of current times. Prof. Mintzberg talked about how managers differ from MBAs and stressed upon the students to gain managerial expertise rather than just a degree. He said he does not believe in freshers getting into MBA courses, instead one should have substantial experience before doing an MBA to reap the maximum benefit out of it.
Beside curriculum studies, IPMX students also had a networking event organised by Indo-Canadian Chamber of Commerce(ICCC). Key attendees included Dr. Sunny Handa, a partner at Blake, Cassels and Graydon LLP, Mr. Alexis Cornin from Canadian centre architecture and corporate leaders from firms like Deloitte Canada, ICICI Canada, Rintinto - Alcon, Balcorp and others.
As part of ‘leadership series talk’, an informative session on "Legal aspects of mergers and acquisition' by Dr. Sunny Handa, a partner at Blake, Cassels and Graydon LLP was also held. He provided insights into various legal technicalities involved in mergers and acquisitions and provided a detailed flow of various processes involved in it.
IPMX students studied a course on managing innovation by Dr. Gregory Vit, a faculty at McGill with substantial years of work experience while working with leading investment banks. The course focussed primarily on how disruptive innovation impacts various businesses, how to manage disruptive innovations and developing and sustaining an innovation culture in an organisation. Various research papers on disruptive innovations by Robert Simon, Peter Drucker, Christensein, Taleb and others were discussed at length and a holistic view of role of innovation in international business development was explored.
Another course on International finance by Dr. Sergei Sarkissian covering issues ranging from currency pricing to international asset valuation was also taught. The course involved discussion on various currency crises like European monetary crisis 1992, Russian crisis 1998 and others to understand the role and impact of currency fluctuations on the business and on the economy. The course involved study of risks hedging options and their applications in business scenario.
Students attended Workshops on 'Sustainable development', 'global economics', Leadership and corporate governance. Various issues of climatic change, international trade, people management and governance issues that have increasingly gained importance worldwide were discussed. The workshops not only involved lectures but also role plays and group presentations by participants for better understanding of issues.
The three week session also included guest lecture on 'Operational excellence in north America' by Prof. Alexandre Boussetta. This lecture provided insights into various operational processes followed in Canadian industry and their impact on growth of business. The students also attended a guest lecture on 'International competitiveness' by William Polushin.
Chetan Yadav, IPMX 2009-2010, says, ‘The international module helped lay a foundation in managing innovation, global finance and sustainable development, all of which are a precursor to success in today’s world.’
Mukesh Yadav, IPMX 2009- 2010, concurs, ‘The programme was tailor made to give students an insight into global management education in the areas of International Finance and World Economy.’
Students also got the opportunity to familiarize themselves with the cultural and business aspects in the city of Montreal, which is very important in today's changing global business environment.
Students also had some sightseeing trips over weekends that included world famous Niagara Falls, French cultural city of Quebec and capital city Ottawa.
About IPMX
IPMX is a full-time; one-year residential management program conducted by Indian Institute of Management, Lucknow (NOIDA) and is designed for mid/senior level professionals, to prepare them for leadership roles. The program is designed to develop business education that is grounded in the Indian and international business environment. The curriculum focuses on a strategic understanding of business, rooted in practical skill development through action learning projects and industry interface.
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vinita ( @ ) finessepr dot com / nidhi ( @ ) finessepr dot com
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