Chief Guest regales the new PGDM participants with his advice and anecdotes
23rd July 2015, Cochin. SCMS Cochin School of Business inaugurated the 24th Batch of its PGDM Programme. The event was held at on the morning of July 23rd, on the lush campus in Prathap Nagar, Muttom, Aluva. Retired IAS Officer Mr. T. Balakrishnan – currently the Managing Director of INKEL Ltd. – was the Chief Guest for the function, while Mr. Navas Meeran, Chairman of the Eastern Group of Companies, was the Guest of Honour. The gathering was welcomed by Dr. Filomina P. George, Director, SCMS Cochin School of Business, while the Presidential address was delivered by Dr. G.P.C. Nayar, Chairman, SCMS Group of Educational Institutions.
Congratulating the new entrants on making it to SCMS Cochin School of Business, Mr. Balakrishnan encouraged the 24th Batch to learn from history and look into the future to find solutions for the current times. Mr. Balakrishnan also noted a growing trend in giving back, citing the examples of the ultra-rich like Warren Buffet, Bill Gates, and Azim Premji, who have realised that there is much value in embracing the “giving mode”.
“It’s easier to grab and redistribute, but difficult to create. Growth alone can eradicate poverty. Someone has to bake the cake for it to be divided. It is because of China’s relentless focus on growth, that almost its entire population has been lifted above poverty in just 30 years. Be an Entreprenuer… be an Innovator. We have a much stronger risk-taking ability than we did earlier.”
Mr. Balakrishnan urged the new entrants to SCMS Cochin School of Business to see that each one of their families had atleast one entrepreneur: “Don’t be afraid of failure; in Silicon Valley, success is measured by the number of failures that individuals use as learning experiences,” he concluded to an enduring applause.
Mr. Navas Meeran started on a lighter note, recounting the story of an industrialist who wanted to marry a pretty young girl, but her father wasn’t positively disposed to the match since he didn’t have a permanent ‘job’. Later, he came to know that she was married to an accountant in his own company.
“The times have changed today,” Mr. Meeran continued, when the laughter had died down. “Money is no longer a barrier to business. Differentiation is an issue. A number of people are already doing what you want to do.It’s how you do it… how you innovate, that matters.”
Presenting the example of Nestle’s Maggi, Mr. Meeran stressed that small companies and startups are better off in business, especially in greenfield areas, since norms and regulations are yet to firm up. Norms are much tighter today, and big businesses need to be cautious about how we do things, since social media is highly active and transparency is the order of the day.
The vote of thanks was presented by Prof. K.J. Paulose, Dean, SCMS Cochin School of Business.
SCMS Cochin School of Business holds a place amongst the Top B-Schools in the country. Ranked as one ofthe Top 40 B-Schools in the country by Outlook, it was ranked the Best B-School in Kerala and came second only to IIM-B in the South. The placement season this year at SCMS-Cochin had been quite a jostle, with 53 companies vying for a passing out batch of 120 students. The top corporations that recruited from SCMS-COCHIN this year included Vodafone, Deloitte, Castrol, ICICI Securities, HDFC Bank, IDBI Bank, Al Essa Group (Kuwait), Madura Fashion and Lifestyle, Wipro BPO, Madras Cements, Thomas Cook, Airtel, British Paints, ITC, Coca Cola, Catholic Syrian Bank, SBI, Kotak Mahindra, IOB, Café Coffee Day and IDBI.