Decoding the Reliance-Aramco Deal

Decoding the Reliance-Aramco Deal

Great Lakes Institute of Management, Gurgaon, student Surya Jain talks about his opinions on the Reliance-Aramco deal.

An investment in Reliance Group, rather the biggest one in its 53-year history, might just result in one of the largest ever foreign investment by any overseas company into India. This investor is none other but Saudi Aramco, which is not only the world’s largest and lowest cost-per-barrel producer of crude oil but also the most profitable company in the world [1]. This company is in talks to invest a handsome amount in the largest private-sector corporation in India.

Great Lakes Institute of Management, Gurgaon, PGDM 2019-21 student Surya Jain talks about his opinions on the Reliance-Aramco deal.

The relationship between Saudi Aramco and Reliance Industries has already been a long one, 25 years to be specific. Saudi Aramco has already supplied 2 billion barrels of crude oil for processing at RIL’s refinery at Jamnagar till date. A potential 20% stake in the Oil-to-Chemical division comprising of Refining, Petrochemicals and Fuel Marketing Business of Reliance Industries carries an Enterprise Value of US $75 billion [2]. This deal will also result in Saudi Aramco supplying 5,00,000 barrels of Crude oil per day to Jamnagar refinery on a long-term basis [3].

However, the deal didn’t really have a great start. It fell apart on multiple occasions with Reliance demanding a higher valuation which, indeed, they were able to command with a much higher multiple than industry standards. As a part of the deal, Reliance industries will carve its oil-to-chemicals division and will become an independent entity in 5 years. However, for the first 5 years, Saudi Aramco will not directly own shares in the business division, though it will get a chance to appoint a key business leader, tentatively the COO, to oversee it [4]. Apart from this, Saudi Aramco has been on an acquisition spree and making other major investments in Asia to bolster its presence, building refineries in Indonesia, South Korea, China, and Malaysia.

PGDM student from Class of 2019-21 at Great Lakes Institute of Management, Gurgaon, Surya Jain, talks about his opinions on the Reliance-Aramco deal.

To put things in perspective, Saudi Arabia’s oil export to the US was ~2,62,053 BPD in July 2019, nearly 62% down from 6,87,946 BPD as compared in August 2018, as a result of the US becoming self-reliant than ever [5]. This has resulted from the US Shale Oil Revolution and has been one of the major reason of OPEC production cut in 2017, resulting in reduced supply to the largest, transparent and timeliest market – The US. At the same time, according to a report by Wood Mackenzie, India will surpass China to become the second-largest oil demand growth center in 2019 remaining only behind the US and helping them offset a slowdown elsewhere through growth in Indian markets [6].

On the backdrop, this deal seems to be a perfect solution for Saudi Aramco to maintain stronghold and grip on the fastest-growing oil market in the world (bolstered by the swelling middle class) where it is facing stiff competition. By competition, we also mean the US, which is ramping up shale exports, and Russia who is looking for new customers and trying to making inroads

Suppliers of Crude Oil to India
Source : Ministry of Petroleum and Natural Gas

Stepping into Mr. Mukesh Ambani’s shoes and understanding the story from his perspective, the deal will provide Reliance with the much-required cash to de-leverage its balance sheet, bring net debt to zero by March 2021, and fund the Jio and Digital business [7]. This is part of the company’s larger effort to expand its consumer-facing business including its retail chain, and its effort to move into the technology sector and internet services by diversifying from its core oil refining and petrochemical business. This deal seems to be a perfect synergy between the interests of the world’s largest oil producer and the ambitions of one of India’s largest conglomerates.

Great Lakes Institute of Management, Gurgaon, PGDM class of 2019-21 student Surya Jain talks about his opinions on the Reliance-Aramco deal and how it would benefit Mukesh Ambani's conglomerate and the world's largest corporation.

Written by: Surya Jain – PGDM “Apache” Class of 2021

Great Lakes Institute of Management, Gurgaon

Great Lakes Institute of Management, Gurgaon, PGDM class of 2019-21 student Surya Jain talks about his opinions on the Reliance-Aramco deal and how it would benefit Mukesh Ambani's conglomerate and the world's largest corporation.

References

[1]: https://www.linkedin.com/feed/news/the-worlds-most-profitable-company-4984378/

[2]:  https://www.bloomberg.com/news/articles/2019-08-14/saudis-defending-coveted-indian-oil-market-with-reliance-tie-up

[3]: https://www.vccircle.com/reliance-to-sell-20-stake-in-oil-to-chemicals-business-to-saudi-aramco

[4]: https://economictimes.indiatimes.com/industry/energy/oil-gas/ril-to-hive-off-oil-to-chemicals-business-into-separate-company-in-five-years-rils-pms prasad/articleshow/70651943.cms?from=mdr

[5]: https://www.cnbc.com/2019/08/15/saudi-arabia-dramatically-changing-its-oil-exports-to-china-and-the-us.html

[6]: https://economictimes.indiatimes.com/industry/energy/oil-gas/india-to-surpass-china-to-become-2nd-largest-oil-demand-centre-in-2019/articleshow/67641257.cms?from=mdr

[7]: https://www.financialexpress.com/industry/reliance-industries-agm-live-updates-mukesh-ambani-jio-giga-fiber-jio-phone-3-ril-stock-price-reliance-plan-12-aug-2019/1672964/

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Change is Good, “I’m Lovin’ It!”

Change is Good, “I’m Lovin’ It!”

Ranjeeta Gupta, PGPM Class of 2020 student at Great Lakes Institute of Management, Gurgaon, talks about a sustainable new strategy for McDonald's Happy Meal toys.

McDonald’s is the world’s largest restaurant chain, with 37,855 restaurants serving over 69 million customers daily in over a hundred countries worldwide [1]. Short time-to-serve, attractive pricing and offers, adapting to local tastes and preferences in different countries, and the traditional McDonald’s Happy Meal have been some of the prominent strategies of the chain that have stood the test of time. They understand the desire of their consumers and keep upgrading and evolving, not just for the consumers but for the benefit of environment as well.

Two British children,aged 7 and 10 have, launched a petition stating that the plastic toys that come with McDonald’s Happy Meal cannot be recycled and often end up being discarded. This petition has already garnered 325,000 petitions [2]. This movement gives a new direction to the firm in a constructive manner. Amidst growing environmental concerns, the fast food chain is also trying to live up to the expectations for minimum or no disturbance to nature. In the past, it has replaced plastic straws and cups with paper ones. Now the focus has shifted towards plastic toys given away by McDonald’s as a part of its Happy Meal packs and its hazardous effect on the environment.

Ranjeeta Gupta, PGPM Class of 2020 student at Great Lakes Institute of Management, Gurgaon, talks about a sustainable new strategy for McDonald's Happy Meal toys.

McDonald’s can now explore new avenues such as “Sweet Edible Toys” of different flavors, which children can enjoy playing with, and would be not only be harmless but also serve as a neat dessert idea after a scrumptious Happy Meal. This would curb the menace of plastic pollution and, at the same time, would entice more kids to ask for a Happy Meal at an outlet. Introducing new variants of these toys with trending animated movie and comic book characters would help the brand and the product build and maintain its clout among its young customers.

Another option they can explore would be personalized happy meal boxes. Young patrons can have their own pictures or personal messages printed on the biodegradable paper boxes used to pack Happy Meals. Binding this with customer-driven social media campaigns for user-generated content can turn out to be a cost-effective marketing strategy and drive more customers to go “I’m Lovin’ It!” Social acceptance and bragging rights are some of the top priorities of the digitally-enabled youth worldwide. Engaging customers in content co-creation would be mutually beneficial for the customers as well as the brand.

The fast-food giant has started taking all possible steps to reduce the harm caused to the environment by its activities. By 2025, McDonald’s plans to use renewable, recyclable and certified materials in all kinds of packaging [3]. “With great power comes great responsibility”, and McDonald’s is very well cognizant of this fact. To survive in the long run, it is imperative for the company to be sensible enough in taking rational decisions which is in-line with the expectation and need of the society as a whole.

Ranjeeta Gupta, PGPM Class of 2020 student at Great Lakes Institute of Management, Gurgaon, talks about a sustainable new strategy for McDonald's Happy Meal toys.

Children these days need not always be enticed with physical incentives such as toys and the likes. Proliferation of technology and increase use of personal devices by younger demographics have opened up doorways to new ideas for types of incentives. A brand like McDonald’s can bring about a revolution and transform itself into an environmentally-responsible brand by going eco friendly or by going digital, or both. This is where we would let the creative heads at McDonald’s’ marketing fraternity do the thinking.

Written by: Ranjeeta Gupta – PGPM “Spartan” Class of 2020

Great Lakes Institute of Management, Gurgaon

References:

[1]: https://expandedramblings.com/index.php/mcdonalds-statistics/

[2]: https://www.wsj.com/articles/mcdonalds-happy-meal-toys-caught-in-backlash-over-plastic-11562583605

[3]: https://www.independent.co.uk/news/business/news/mcdonalds-packaging-sustainable-cut-renewable-recycling-latte-levy-a8162231.html

Why should an Experienced Professional pursue a One-Year MBA Program?

Why should an Experienced Professional pursue a One-Year MBA Program?

Experienced Professionals
PGDM vs One Year MBA Course

Many of us are attracted towards the prospect of earning an MBA within one year by pursuing a PGPM (Post Graduate Program in Management), instead of investing two years in a conventional MBA program, commonly known across B-Schools in India as the PGDM (Post Graduate Diploma in Management). There are ample of institutes and universities abroad that offer one-year full time MBA for working professionals, taking in the best of these experienced professionals and training them to take up much higher roles. And you read it right, these programs are full time and are not the same as part-time executive MBA programs. But how is a two-year course delivered in one year and how does it differ from conventional two-year programs? Who is this program more appropriate for? What are the gains and ROI on a one year MBA? Let’s find out.

Where is the sharp contrast when it comes to a one-year MBA?

A one year MBA program, designed for professionals with at least two years of work experience or more depending on the MBA colleges or business schools offering it, leverages the same experience and industry exposure to steer classroom discussions. Yes, discussions, and not lectures. A typical classroom session involves a faculty member guiding the discussion around concepts and students relating to those concepts through their own professional experiences, applying them to historic business cases and developing pragmatic solutions to business problems. A whirlwind of insights and perspectives ensue, questioning conventional wisdom and the status quo itself. This pedagogy eliminates the need to begin from basics and the faculty can get down to business quicker with such a cohort.

Peer Learning facilitates faster learning and wider perspectives
One Year MBA vs PGDM

Summer internships are not a part of the one-year curriculum as the students already have the industry exposure that they need. Instead, live-projects and experiential learning programs provide an opportunity to work on projects with companies, under the mentorship of a faculty member (and often also an industry mentor) and develop innovative solutions to real-world business problems. This helps a student to be confident as a management professional by the end of the course.

A one year MBA program cuts back on redundancy and gets students to speed by leveraging their own experience. The quality and completeness of the curriculum is maintained to ensure a holistic learning experience, with peer-learning forming a major component of it. People from different educational backgrounds, industries and job profiles come together to share their insights, applying their experiences to concepts and relating them to real-word examples.

A mature and more industry-aware cohort
One Year Management Program for Executives

How intense does it get?

As stated by most premier business schools conducting such programs, one-year programs are quite rigorous but they do bring out the best in each student. Class hours are longer than those in other programs, followed by assignments, projects, readings and case analysis for the next day. To quote a one-year program alumnus from an Ivy League business school, the first few core terms are in fact a pressure cooker. But that same rigor trains a student to stay charged up and handle tense situations and unpredictable challenges at workplace. And what else does this reward one with? Let’s look at the benefits.

A much lesser opportunity cost:

The longer you stay as a part of a workforce, the harder it gets for you to take a break and live without a steady income while pursuing higher education. This opportunity cost increases with the duration of hiatus. Here the opportunity cost is the income that you forego when you take a break from work and pursue higher education. Existing loans and family responsibilities make it even more difficult to take a break for two long years. A one-year program halves the opportunity cost and lets you get back to your professional and personal life in a year.

A quick leap:

There are those who work hard and wait for the next appraisal, traverse the hierarchy and climb up the corporate ladder. And then there are those who jump a few levels and take up managerial roles by investing their time and efforts in management education. It’s one year in a business school versus years of appraisals and job changes. An investment of money, time and effort in the former saves one all the time and effort that would be spent in the latter.

A step ahead of the rest:

While fresh minds are still in their second year of management education and busy getting placed, the one-year graduates are already awaiting their first appraisal. Who wouldn’t want faster returns on investment?

Students from diverse backgrounds in a one-year MBA course

One year programs are gaining more and more traction every year with some of the best MBA colleges in India, such as the Indian School of Business (ISB), Great Lakes Institute of Management Chennai and Gurgaon, Indian Institute of Management Ahmedabad (IIMA), SP Jain Institute of Management and Research (SPJIMR), and others offering the One Year MBA in India for experienced professionals, among other MBA courses. Admissions to these programs are conducted through major management entrance exams such as GMAT, CAT and XAT, and follow the same rigorous admission process with Test Score and Profile-Based Shortlisting, Essays or Statements of Purpose, Written Ability Tests, and Personal Interviews. Both types of programs cater to different types of audiences and carry equal credibility. It’s just a question of how appropriate a particular program is for an aspirant based on experience and background.

Marketing – A Science or an Art? Deep Insights by Mr. Julius Augustine: Vice President, Kantar

Marketing – A Science or an Art? Deep Insights by Mr. Julius Augustine: Vice President, Kantar

Great Lakes Institute of Management leaves no stone unturned in ensuring that students are not only introduced academic concepts, but also real world scenarios at a very early stage. They get the opportunity to meet achievers who have contributed to the industry at large and learn a great deal from them. The Spartans – the PGPM Batch at Great Lakes, Gurgaon, this year – had the privilege of interacting with Mr. Julius Augustine, the Vice President of Kantar. Mr. Augustine was here with a platter of marketing concepts and the students were all set to gain a broader picture of their theoretical learning.

Mr. Julius started off his career as a Senior Research Executive at Mudra Communications where he performed customized research for brands such as Rasna, HLL, P&G, and Reliance Industries. He then joined ORG-MARG (now AC Nielsen) and spearheaded the Client Servicing portfolio for Media clients.  He has also served as the Associate Vice President for Hansa Research Group wherein, he was responsible for Business Development and Client Servicing. He then served as the Associate Director & Country Manager for Acorn Marketing & Research Consultants in Kuala Lumpur. Mr Julius has serviced clients such as Aditya Birla Sun Life Insurance, ICICI Bank, Reliance Communications, Fame Adlabs, Piaggio, etc. Presently, Mr. Augustine is heading the Coca-Cola India and Havells accounts at Kantar, working towards Brand Communication, and Creative & Media Consulting.

The session was extensively insightful for the upcoming Management Professionals, as it was fascinating to walk through topics such as Market Safety, Market Research, Segmentation, Micro-Management, Customer Retention, and Branding. What made the session more engaging was hearing about his experiences with organizations such as Coca-Cola, Swiggy, Amazon, and other high performing organizations.

Mr. Augustine took the students through the age-old debate of marketing being an art or science, while we drew parallels of marketing with religion as leveraged by marketers, and how segmentation of groups for market development is prevalent within the demographics of India. To quote Mr. Augustine, “Marketing is the antithesis of Religion, you need to desire religion and hence you need to market religion.”

While addressing the importance of good advertisements that please masses in general, he made sure the students learnt to appreciate the aesthetics of acceptability – the underlying art of marketing. He explained how, during the content creation for an advertisement, facial detectors track reactions of the people to whom the content is being showcased. He displayed and described the example of the latest Coca-Cola advertisement, emphasizing on how the first draft of any advertisement is decided by the face value of recognizable people, along with brand recognition. He gave the students the real world picture of Branding, and the underlying Market Research and Psychology behind branding a product.

He addressed a lot of questions from the students as well, especially on topics such as Market Expansion, Market Growth, and Market Intelligence. What made this part the most impactful was the fact that he shared and linked these to all his experiences pertaining to each of the wide sectors and companies he has been associated with. The students were left awestruck by his humility despite being an industry leader, motivator, and an inspiration.

He ended the session by stating “Be a researcher and never be bored,” and every Spartan could resonate with his words.

Compiled by Devyani Sormare, Somil Tyagi and Sunrita Sarkar

PGPM 2020 “Spartans”

Great Lakes Institute of Management, Gurgaon.

What comes after an MBA?

What comes after an MBA?

GREAT LAKES GUEST LECTURE SERIES – Mr ROHIT KUMAR

CX PRINCIPAL – SALES & MARKETING STRATEGY – INFOSYS

18th August 2018

The weekends at Great Lakes, Gurgaon, after an end-term exam, aren’t complete without an interactive industry engagement event. This one was particularly more exciting as the PGPM batch of 2019, The Ninjas, gathered around to welcome Mr Rohit Kumar, the CX Principal for Sales and Marketing Strategy at Infosys, for a session on various career options in the IT sector after an MBA. Being an Infoscion myself, I was eagerly looking forward to the session delivered by a fellow Infoscion of a calibre to look up to.

Mr Rohit Kumar: An engineering graduate from G.G.S.I.P. University, who later completed his MBA from the reputed S.P. Jain Institute of Management and Research in 2012. After working for over 3 years as Senior Manager for Engagements at Nagarro, he took the helm at Infosys in heading the Sales and Marketing Strategy for the Oracle CX Cloud practice in 2016. He has more than 13 years of experience in business development, client acquisition, customer relationships & marketing. He has worked with clients across the world, focusing immensely on understanding the pain-points of the customers. Mr Kumar has an in-depth understanding of the IT industry and has varied project experience that gives a unique flavour to his working style. Before his MBA, he has worked with reputed firms such as IBM and SAP.

Mr Kumar set the tone for the session by talking about how the industry is segmented into various Verticals and Horizontals. He emphasized on how having a vertical depth or horizontal experience is the key to success. He also reinforced the importance of MBA graduates re-inventing themselves from time to time, once they enter the corporate realm, and being always able to think on their feet.

What are the options for an MBA graduate?

Mr Kumar walked us through the different types of profiles that an MBA graduate from an IT background can pursue, leveraging all his years of experience before choosing to join a B-School. He explained how a candidate with leadership skills and the ability to work under pressure can look for a role in Project Management. Having sound technical skills, a know-how of various business dimensions and a keen insight into the minds of the costumers make one perfectly suitable for this role. Additional relevant certifications are a bonus.

Consulting is another lucrative career option which is open to management graduates. Explaining the differences and drawing demarcation lines between Strategic and Management Consulting, Business Consulting, and Technical Consulting, Mr Kumar cleared all misconceptions and ambiguity that management students usually have regarding these roles. Sharing insights from his own experience in working with some of the leading service providers in the IT Industry, Mr Kumar shed light on the current scenario in the business world, especially on how the thin line between Business and Technical Consulting is disappearing with each passing day, and on how companies are preparing themselves to have a strong presence in both the domains.

He also spoke about other roles such as Business Analyst, Sales Management, and Pre-Sales Management. While Sales Management requires a candidate to be extremely innovative and creative, pre-sales demands domain expertise and the ability to think about multiple solutions to a given requirement in order to create a variety of offerings for the customer to choose from. A business analyst, on the other hand, is expected to have requirement analysis capabilities coupled with excellent communication skills.

What should be the approach of an MBA student?

Mr Kumar enlightened the students on the right approach towards pursuing the role that would do justice to their experience and skills. Identifying one’s own skills and also identifying the kind of work that would be truly enticing is extremely important for an MBA student. At the same time, it is vital for a student to follow the companies they aspire to be a part of and keep themselves abreast with what the industry experts are talking about. In addition to this, growing one’s network and developing a niche skill holds crucial importance in skyrocketing one’s career growth.

Importance of LinkedIn

LinkedIn, the social network for corporates, has become an important tool for corporate networking and Mr Kumar strongly emphasized on its relevance and how an MBA student can leverage it to improve their future prospects. He inspired the Ninjas to step out of their comfort zones and do what most people hesitate to – add a minimum of 20 influential people to one’s connection every day while sending scheduled emails on one’s professional and academic development every 3-4 months to all connections in order to gain more visibility. This tactic bore fruit for Mr Kumar as he landed 5 offers through LinkedIn alone by the time he graduated as an MBA. LinkedIn is a platform which every professional should use to the extent of its potential and connect with a number of people who would eventually open doors to more gainful opportunities and a fruitful career ahead.

Concluding Thoughts

The session turned out to be an extremely enlightening experience and this was evident by the whirlwind of questions Mr Kumar received from the ever-enthusiastic Great Lakers. To wrap it up, the talk delivered by Mr Kumar will forever be etched in our minds as we prepare ourselves and follow his advice for our placement season and look for the right jobs in the right firms with the right attitude and approach. Great Lakes Institute of Management, Gurgaon, expresses its deepest gratitude to Mr Rohit Kumar for sharing his extremely valuable insights with the upcoming graduates.

Author: Arpit Gupta

PGPM, Class of 2019, Great Lakes, Gurgaon

The Joy of Giving: Karma Yoga Session 1

The Joy of Giving: Karma Yoga Session 1

July 7th, 2018

“Don’t give to get. Give to inspire others to give.”

~ Simon Sinek

One such choice we made is to explore the side of our personality which allows us to be generous in giving, without expecting anything in return.

We, the students of PGPM 2019 – NINJAS, started our journey on 7th July 2018 with the same mission in mind. Red walls, lush green compound, enthusiastic students in the uniforms planting trees, joyful teachers; these are the visuals which welcomed us to the Primary Government School of Fazalwas, Haryana. It was euphoria all around; innocent faces, wide smiles, genuine conversations. We were elated by seeing the school kids deeply involved with themselves and maybe this is what it is called “being in present” or “mindfulness”.

After a quick introduction, we were pleased to witness various performances by students such as dancing, singing, and mimicry. Post the icebreaking session, we were quick in executing our plans for the day. Teaching tables through Vedic mathematics technique, unleashing the talent hidden in the students by asking different questions about their likes and interests, engaging them by playing games with them. We clapped, danced and laughed along with them and got lost in the moment forgetting all the worries, assignments or projects. There was a sense of belonging and blissfulness in those tiny classrooms with minimum facilities. It gave us immense pleasure to have connected with these kids when they were over the moon sharing with us their fantasies, friends, and little playful fights they had amidst strong bonding. At that moment, we felt there is a lot of selfishness in giving back to society which is the immense satisfaction and happiness you experience in the process.

Giving back to society not only makes us generous, it also adds purpose to our life and happiness in doing something for others who need it more. Giving back to society is de-stressing too, it helps us to realize our own self and manage our inner relationships to make us live a more balanced life, allowing us to keep a balance between our daily chaos and our need to become a more responsible citizen and an individual.

Seeing the sheer joy and happiness on the kids’ face and knowing that we have been a small reason behind those smiles has been an unparalleled experience. And we are forever in debt to the Karma Yoga initiative of Great Lakes, Gurgaon for introducing us to such joy.

“At the end of the day, it’s not about what you have or what you’ve accomplished. It’s all about who you’ve lifted up, who you’ve made better. It’s about what you’ve given back.”

~ Denzel Washington

Author: Urvi Sehrawat

PGPM, Class of 2019, Great Lakes, Gurgaon

Life @ Great Lakes Institute of Management, Gurgaon

Life @ Great Lakes Institute of Management, Gurgaon

“Memories are the Timeless Treasures of the Heart….”

The Initiation

It seems as if it was just yesterday when I received an offer letter from Great Lakes and now, in just a blink of an eye, this beautiful journey has come to an end. The Gladiators (PGPM 2017-18 batch) are now well equipped with paramount insights and knowledge to enter the corporate life again with a new and improved outlook. I remember the day when I anxiously stepped into the campus for the first time, feeling like a pond fish that has crossed rivers to land up in a mighty ocean, wondering how I will adjust to this new environment.

Offsite – Rishikesh

The thought of living in a hostel at an entirely alien place with 120 unfamiliar faces gave me jitters. But the ice-breaking offsite trip to Rishikesh, organized by the institute along with Prof. S.K. Palhan, completely erased all my inhibitions. In a matter of just three days, the entire batch of 120 strangers formed an indestructible bond of friendship. All due credits to white water rafting, rappelling and various other team building exercises of which we all were a part of during our trip.

The Fabulous Faculty

Entering a classroom after working for 3+ years was a grilling experience, to say the least, but with less than 365 days on our Great Lakes calendar, there was no rest for the wicked. And thankfully, the faculty did a brilliant job at educating us with their extremely innovative and interactive teaching methods and techniques.

From Professor Umashankar’s quirky and witty marketing classes to learning the concepts of balance sheets and P&L statements with Dr Preeti, the months just flew by. Dr Poornima made the HR classes fascinating by adding a gaming element with lifelines and it was mandatory to go through pre-reads before entering Dr Jones’ classes which coupled with countless other assignments and projects felt exhausting at that time but helped grasp the key concepts in an effortless manner.

Lectures

Being from a software development background, I never imagined I’ll have anything to do with economics in my entire life but our esteemed Dr VP Singh made its concepts clear as a crystal by helping us create a small start-up and run the same in college for 20 days. The exercise turned the entire campus into a carnival. Everyone had their businesses up and running ranging from serving Nimbu-Pani and Bhel-Puri to Gaming zones and grocery delivery units. Later on, we analysed the revenue generated, break-even points etc.

Walking with the Giants

There was more than just classroom learning to Great Lakes as the industry interactions and CXO talks kept us busy throughout the weekends as well. People with extensive industry experience visited the campus and a lot of synergy took place. Being in the same room and interacting with some of the most celebrated names of the corporate world was like a dream come true for us.

Mr Pramod Sadarjoshi – Senior Director, HCM Strategy & Transformation, Asia- Pacific, ORACLE

Though inside the campus but never separated from the business world, we got ample opportunities to discuss the latest upcoming technologies and changes in the global framework of organizations. We participated in various conclaves related to SMAC, Human Resource, Marketing, operations and Finance where we had panel discussions among CXOs of different organizations to get an in-depth knowledge of the industry.

Committees, Clubs & Chaos

During the committee interviews, the entire campus was in chaos. We were all trying to find our strengths and decide where we fit in. Whether we’ll be a good fit for guiding prospective students for admissions or strengthening the brand of our institute? Whether organizing events was our cup of tea or assisting the institute with placements?

Admissions and BPR Committee

With a lot of preparation and cracking a grilling interview, I ended up in the Admissions and BPR committee. I was actively involved in the branding of the institute, writing blogs, handling the social media channels, volunteering for the admission process, answering queries of prospective students on Quora, guiding new admits under the flagship of Buddy Program and travelling to different locations for the same. This has given me a lot of exposure, and today, I am a completely changed and confident personality altogether.

Annual Events

We, as students, were responsible for organizing the events like TEDx, Crest (annual management fest), Sapience (annual management conclave), Foundation Day, Alumni Meet, and Dr Bala’s Birthday etc. Moreover, as a part of the Great lakes family, we also celebrated all the festivals from Onam, Lohri and Ganesh Chaturthi to Independence Day, Christmas and Holi with the same zeal and enthusiasm. Moreover, there were DJ nights, Fresher’s party, Halloween and a lot more parties which were organized to perfection by our student council.

TEDx GLIM Gurgaon

The Endgame

Lastly, not to forget, the point we all were here for – The Placement Process. The CCS team along with Placecom put in a lot of efforts in terms of interview preparation, GDs, resume review etc. Personal effectiveness sessions were conducted and mentors were allocated to students to have a smooth process. The proud feeling of getting placed and celebrating the placements of our friends was priceless.

This journey has been fantabulous and completely phenomenal amidst sleepless nights, group projects, assignments, exams, co-curricular activities and much more. The guidance and mentorship provided by faculty members and the staff paved our way for a better tomorrow. All of us have made friends, who will last a lifetime. The beautiful impressions will stay in our hearts forever. I would sum up this beautiful journey by saying,

“I’m really gonna miss this place, I am gonna miss my college days”

 

Author: Sakshi Khurana

PGPM, Class of 2018, Great Lakes, Gurgaon