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Great Lakes Institute of Management hosts 6th edition of International Entrepreneurship Conference

2/18/2014
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Report by India Education bureau, Chennai: Great Lakes Institute of Management, a leading B-School in the country, hosted the 6th International Entrepreneurship Conference with the theme “Mobility with Nobility”. The conference also marked the launch of Center for Excellence in Business Analytics and Business Intelligence, officially inaugurated by Mr. Shankar Narayanan, Ex-Chairman, Founder and CEO - SPIME INC, Co-Founder-Emuzed Inc& Co-Founder Nexus Inc, USA. The inaugural address for the center was delivered by Mr. Vinod Muthukrishnan, CEO Cloudcherry Pte, Singapore. The center is one of the steps towards realizing the ‘Success to substance’ vision that Great Lakes has set for itself as it completes its 10 years of Excellence. Also present at the occasion Mr. Ram Vishwanathan, Distinguished IBM Engineer, spoke on the conference theme. This year at the conference, high impact area of digital world, “Mobility” was discussed.
During the conference, a panel discussion was held where the panelist spoke on the three fertile areas within the mobility spectrum – Social Media & rich communication experience, Web & Mobile tech and Inclusive Growth. Dr. K.C.John, Director, Center of Excellence in Technopreneurship gave an overview of the conference. He stressed the importance of entrepreneurship and pointed out that in last few years India witnessed a meager employment growth rate of 2.3% only and now it is time to create jobs rather than seeking one. 
The Center for Excellence in Business Analytics and Business Intelligence has been launched with an objective to sync business studies with the emerging trends of the digital world. The Centre would have an association with an analytics company and Great Lakes is currently in talks with companies such as Cloudcherry for the same. Great Lakes envisions to drive most advanced and cutting edge solutions in digital analytics which would substantiate knowledge creation, dissemination and academic as well as industry application, provide thought leadership to business managers. The Centre shall have a governing body and a business advisory council with eminent industry leaders for interfacing the academia with industry. And will deliver cutting edge solutions that will help companies and businesses reach its consumers effectively and efficiently. At the occasion a text book on Business Analytics by Dr. Tapan Panda, Professor Marketing, Great Lakes Institute of Management was released.

Prof Bala V. Balachandran, Founder and Dean, Great Lakes Institute of Management said, “Mobile is going to take a major change in coming years with large audience being interconnected.Envisioning this as an opportunity, Great Lakes is going to create and offer boutique courses in Business Analytics and Intelligence as a part of the management studies in contrast to traditional business studies. We are also in the process of signinganMoU with Illinois Institute of Technology for Center for Excellence in Technopreneurship, through which we plan to offer courses such as Master of Science in Technopreneurship.”Prof Bala also advised students that, ‘The world is at your hands, be a creator of job and wealth rather than being a consumer of it.”
In his address Mr. Shankar Narayanan, Ex-Chairman, Founder and CEO - SPIME INC, Co-Founder-EmuzedInc& Co-Founder Nexus Inc, USA said, “An entrepreneur should possess three important qualities and they are going by Intuition, thinkingDifferently and building Relationships.”    
In his address,Mr. Vinod Muthukrishnan, CEO, Cloudcherry spoke about Entrepreneurship and its challenges. He advised the students that in spite of the number of failures one may encounter during his entrepreneurial journey, finally there is a rewarding time and that reward has to be shared with the society. Talking on Mobility, Vinod said, “When Mobility, Big data, Analytics and cloud come together, then there is path breaking ideas and Business Intelligence.”
In the valedictory functionNitin T, Paripoorna Pandey, Ashworth Vaz, Nanden Kishore of Team Parichay from Great Lakes, were awarded cash prize of Rs. 70,000 for their business plan on the event theme. The award was felicitated under Hyperion, an annual entrepreneurship competition conducted by Great Lakes in partnership with NEN (National Entrepreneurship Network).The prize has been instituted in the memory of Narsinga Rao, alumnus of Great Lakes’ first batch-Pioneers (2004-05). He had over 21 years’ experience in the IT/Software Industry, with more than 12 years as the Chief Operating Officer and Co-founder of SSI Ltd, a Company listed on the Bombay, National and the London Stock Exchanges. He was instrumental in taking SSI from a start-up to being ranked in the top 500 companies in India by Dun and Bradstreet.
Mr. Sanjay Singh, VP & Head Engineering, GlobalLogic in his valedictory speech mentioned the essential traits of an entrepreneur such as Passion, tenacity, creativity, vision and an infectious trait to spread the idea, which make a successful entrepreneur.
Other centers of excellence of Great Lakes that provide cutting edge solutions in their respective areas are,  
Kotler - Srinivasan Centre for Research in Marketing
Union Bank Centre for Banking Excellence
Yale - Great Lakes Centre For Management Research
Center for Excellence Technopreneurship [CET]
Center for Excellence in Retail Management
 
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