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  • FLAME University organizes Industry – Academia Interaction Session

    FLAME University organizes various events that bridges theory with practicality. One such event was the industry academia interactive session which was held on 28th January 2016, at the FLAME University campus. The session was followed by a networking dinner.

    FLAME University has always worked closely, and has been extremely
    successful in placing its students with the most reputed organizations.
    Taking this relationship forward, they invited a host of big names. The
    session was attended by 35 participants from the industry, which
    included MDs, CEO/COOs, Functional Heads and senior professionals from
    diverse industries, i.e., manufacturing, IT/ITES, banking, financial
    services and audit / consulting. They represented companies like
    Accenture, IBM, Cognizant, Credit-Suisse, Deloitte, ShareKhan, Yes Bank,
    Abu Dhabi Bank, Kirloskar Pneumatic, Precision Camshaft and Divgi
    Warner. Faculty members and students from FLAME also participated in the
    session.

    The objective of the session was to discuss the areas of common
    interests and to develop an actionable plan to implement common projects
    across various activities like MDPs, Training, Research and Consulting.
    The collateral gains of this initiative was building the FLAME brand
    and to facilitate the placements of students.

    The session that lasted for over three hours was divided into three parts –

    1. Outlining the FLAME vision and mission and the need to collaborate
    with industry which was addressed by the Vice-Chancellor, Dr. Devi
    Singh.

    2. Brief presentation by the Provost, Prof. D. S. Rao, on the
    University including the academic structure, infrastructure and the key
    differentiators of FLAME.

    3. Panel discussion on the Role of Educational Institutions in building
    Organizational Capability to meet the Challenges of the Future which
    was moderated by Chair – MDP & Consulting, Prof. Sujay Joshi.

    The
    esteemed panelists were –

    1. Sunil Lund, Head Centre of Excellence, Credit Suisse (India) Pvt. Ltd.
    2. Kaushik Majumdar, MD, Principal Financial Group
    3. Hemant Joshi, Partner, Deloitte
    4. Anand Khot, HR Leader, IBM
    5. Yatin Shah, MD, Precision Camshaft Ltd.
    6. Sameer Mulay, Senior VP, Yes Bank

    The panel discussion opened with Prof. Sujay Joshi orienting the
    panel about the topic of discussion. The diversity in the experience of
    the panel brought about a range of points and gave the audience an
    insight into the topic that was put forth.

    The first point raised was that of preparing the students and future
    managers/ leaders of tomorrow with the ability to deal with uncertainty
    and ambiguity. The panelists urged to spark the spirit of
    entrepreneurship in the coming generation of leaders. In order to help
    organization build capacity and capabilities, it requires that the
    faculty of such educational institutions interact with the industry more
    so as to understand the industry’s pain points. Lack of industry
    orientation in the curriculum may make excellent managers but not
    excellent entrepreneurs.

    An extremely interesting point that emerged was about what businesses
    look for in the people that they are recruiting. Today’s businesses
    look at four capabilities – ability to understand numbers, ability to
    deal with human capital from multicultural and across geographical
    boundaries, understanding technology and understanding industry. He also
    spoke about the coming of the digital age. Hence, any education system
    needs to focus on classroom learning, technology, content and
    e-learning.

    The importance of holistic education in the students and not keeping
    them bound within functional silos was highlighted. This would go a long
    way in building capabilities of dealing with risk, uncertainty and
    ambiguity that was talked about earlier. It was stressed upon that the
    students must be encouraged to take up subjects and fields of study
    beyond their career goal and objectives without having the fear of
    failing. Likewise, in organizations, managers need to be encouraged to
    take up tasks beyond their comfort zone. Failure should not be looked at
    negatively but a medium of learning and experience. This requires
    creating an environment which helps creativity and innovation thrive
    without having the stigma of failing.

    For any business to exist, it requires satisfying a need that makes
    it relevant in the value chain. The industry and academia need to be
    geared up to meet these evolving needs of the consumers. The course
    curriculum needs to be made more concurrent and relevant from an
    industry perspective. The educational institutes need to build in their
    students the ambiguity tolerance and not looking at their functional
    specialization in a silo but in conjunction with other functions,
    thereby creating an understanding of interdependency and overlap between
    functions. There is no end to learning. At every step in your career,
    you need to have the temperament of learning, unlearning and relearning.
    Educational institutes needs to develop an attitude in the students of
    embracing change in organizations, in work and adapting to such change.

    Dr. Devi Singh appreciated the points that were put up by the eminent
    panelists. He stressed upon the idea of industry partnering with
    academia to solve problems that they are facing. There is a mismatch
    between the expectations from the students and that of the industry. The
    students need to be made aware and prepared for the grinding they are
    to go through once they pass out and join the industry. With these
    thoughts in mind, the discussion was called to an end.

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