Research and Consulting Club

Research and Consulting Club

Driving the rich legacy of SIMSREE pedagogy ahead and with synergies of SIMSREE’s formerly existing research wing (SMR) and consulting wing (SIMCON) coming together, SIMSREE Research and Consulting club (RECON) is established in the year 2018. The club aims to promote research activities of business students and make them equipped with relevant skillset required to work effectively in consulting firms. In coherence with the objective of the club, RECON arranges several guest lectures for students and thereby promotes Industry Institute Interaction. To promote literary and research work in students, RECON publishes its own research journal and annual magazine. It hosts annual events like ConvergenceAsia Pacific International Conference, Paraamarsh and Literathon. Let it be competition related to solving industrial case study, presenting a book review on renowned business books, battling to become a “Bizsquad of the Year” by showing guesstimate skills or presenting research work in international conference, these events substantiate the wide scope and sui generis nature of working of the RECON club.

Email: recon@simsree.org

The 11th APIC: Legacy of Knowledge Sharing and Collaboration

Introduction

The 11th edition of the Asia Pacific International Conference (APIC) was held on March 2nd and 3rd, 2024, at the Sydenham Institute of Management Studies Research Education and Entrepreneurship (SIMSREE) in Mumbai, India. The conference attracted global participation. A rigorous selection process resulted in the selection of over 40 high-quality research papers for presentation, demonstrating the diverse range of perspectives and valuable insights brought to the event.

Theme and Objectives

The conference theme, “Changing Business Practices in the Current Environment,” aimed to provide a platform for exploring the ever-evolving landscape of business practices in a rapidly changing world.

This theme resonated with the current global situation, highlighting the need for businesses to adapt and innovate in the face of new challenges and opportunities. The primary objective of the conference was to create a unique platform for the presentation and discussion of research on this critical topic. This facilitated the exchange of knowledge and fostered collaboration between academicians and practitioners, fostering a richer understanding of contemporary business practices.

Organizers and Attendance

The successful organization of the conference was attributed to the dedication and efforts of the ReCon Club (SIMSREE’s research and consulting club). The club, under the expert guidance of Dr. Shriniwas Dhure (Director, SIMSREE) and Dr. Pavan Patil (Research Head, SIMSREE), ensured the smooth running of the event from the planning stages to the execution. The conference witnessed a remarkable turnout, with over 200 individuals joining the discourse. This included:

  • Researchers: Eminent researchers, contributing their expertise and knowledge to the conference.
  • Faculty Members: Representing various esteemed academic institutions, enriching the discussions with diverse perspectives.
  • Industry Experts: Providing valuable insights from their real-world experience, serving as panelists and judges.
  • Students: Talented students from renowned institutions like SIMSREE, SJMSOM (IIT-B) and XIMR, participating actively and enhancing the learning environment.
Conference Activities

The two-day event was meticulously planned to offer a diverse range of activities, catering to the varied interests and needs of the attendees.

Day 1: Opening Ceremony:

  • The inaugural ceremony commenced with a traditional invocation to Saraswati, the goddess of knowledge and learning, seeking blessings for wisdom and understanding throughout the conference.
  • Dr. Shriniwas Dhure, Director of SIMSREE, delivered a warm welcome address, expressing his appreciation for the participation of the diverse audience and highlighting the importance of the conference theme in the current business landscape.
  • The keynote address was delivered by Mr. Dhananjay Kalbande, a prominent figure in the fields of education, research, and entrepreneurship. Mr. Kalbande’s thought-provoking lecture focused on the dynamic realm of Artificial Intelligence and emerging technologies, sparking insightful discussions about their potential impact on future business practices.
Research Paper Presentations:

  • The heart of the conference, the research paper presentations, were held across three dedicated research tracks (2 Offline and 1 Online). These tracks covered a wide range of topics related to the theme of “Changing Business Practices in the Current Environment,” including:
    • Re-envisioning Financial Services
    • Redefining Operations and Supply Chain Management
    • Information System and Digital Business
    • Reimagining Marketing Practices
    • Rethinking the Core: A General Management Perspective
    • Reconceptualizing HR Practices
  • Each research track was chaired by esteemed academicians and industry practitioners such as Dr. Tejashree Deshmukh ( Director at PTVA’s Institite of Management, Head-PhD Centre at PTVAIM), Dr. Bernadette D’Silva ( Director, Allana Institute of Management Studies), Dr Manish Verma (Associate Professor and Head Academics at MIE-SPPU Doha Qatar), and many more academicians from prestigious institutes such as SIMSREE, JBIMS, PTVAIM, SNDT, who ensured a high standard of presentations and facilitated productive discussions among participants.
  • The presentations were delivered by a talented pool of participants, including researchers, faculty members, PhD scholars, and students from various backgrounds. Their diverse perspectives enriched the conference and provided valuable insights into different aspects of changing business practices.
  • To recognize outstanding contributions, the conference awarded prizes to the best papers presented.
International Guest Lecture:

  • Mr. Vibhor Saxena, bringing his expertise as a product manager at Meta, a company at the forefront of technological innovation, delivered a captivating international guest lecture at the 11th APIC. His lecture, titled “Metaverse: The Internet of Experiences,” provided participants with a thought-provoking glimpse into the future of technology and its potential impact on various aspects of business and society.
Day 2: Panel Discussion:

  • The “Vision Conclave” panel discussion served as a platform for bringing together a distinguished panel of experts from diverse backgrounds to discuss the theme of “Envisioning the Future of Transition in Energy and Sustainable Mobility in India and the World.”
  • The panel comprised of:
    • Mr. Manish Agarwal, an Independent Director, Co-founder of AskHow India, and Partner-Leader at Pwc India, serving as the moderator.
    • Mr. Prassann Daphal, CEO of Recycle Karo India and Assistant Vice President at Genpact, sharing insights from the waste management and recycling industry.
    • Mr. Harsh Poddar, Partner at Incremento Business Advisors, offering perspectives on business strategy and development.
    • Ms. Tasneem Doola, Consultant at EY, providing valuable insights from a sustainability and environmental policy perspective.
  • The diverse perspectives shared by the panelists sparked insightful discussions and provided the audience with a comprehensive understanding of the challenges and opportunities related to transitioning towards a sustainable future for energy and mobility.
Online Research Sessions:

  • Research-focused sessions aimed at enhancing research skills were conducted by multiple resource persons like Dr. Shobana Vasudevan, Dr D. P. Singh, Dr Manish Verma and Dr. Nirmala Joshi. The topics included:
    • Redefining research in social sciences and humanities within a digital environment.
    • Research methodology and data analysis techniques.
    • Selecting research topics effectively.
    • Data analysis using JASP software.
EnerVison 1.0: The case study competition:

  • The 11th APIC also featured a stimulating case study competition titled “EnerVison 1.0.” This competition, aligned with the conference theme, focused on the evolving electric vehicle (EV) ecosystem in India.
  • The case study, themed “#LithiumRush: Navigating the New Frontier of Indian EVs Ecosystem,” presented a captivating challenge for participating students. It tasked them with devising comprehensive strategies for a leading Indian conglomerate seeking to expand its presence in the rapidly growing EV market.
  • After two rounds of meticulous evaluation, the top eight teams were selected to present their devised strategies to a distinguished panel of judges. The panel comprised industry veterans: Mr. Sameeran Karpe (Senior Executive, Global Procurement & Logistics at Unilever) and Ms. Krupali Sanghavi (Head of Operations, Marketing and Business Development at Cosmosoft Ventures).
  • Participants, representing esteemed management institutes like SIMSREE, SJMSOM (IIT-B), and XIMR, delved into the complexities of the EV sector demonstrating exceptional analytical and innovative skills, tackling the complex challenges presented by the case study.
Closing Ceremony:

The day concluded with the announcement of the case study competition winners and closing remarks by Dr. Pavan Patil, Prof. Rohan Ahale and Dr. Ashish Pawaskar, expressing gratitude to participants and emphasizing the importance of ongoing dialogue and collaboration in building a sustainable future.

  • The “Vision Conclave” panel discussion organised by ReCon during APIC 2024 on 3rd March served as a platform for bringing together a distinguished panel of experts from diverse backgrounds to discuss the theme of “Envisioning the Future of Transition in Energy and Sustainable Mobility in India and the World.’
  • The panel comprised of:
    • Mr. Manish Agarwal, an Independent Director, Co-founder of AskHow India, and Partner-Leader at Pwc India, serving as the moderator.
    • Mr. Prassann Daphal, CEO of Recycle Karo India and Assistant Vice President at Genpact, sharing insights from the waste management and recycling industry.
    • Mr. Harsh Poddar, Partner at Incremento Business Advisors, offering perspectives on business strategy and development.
    • Ms. Tasneem Doola, Consultant at EY, providing valuable insights from a sustainability and environmental policy perspective.
  • The diverse perspectives shared by the panelists sparked insightful discussions and provided the audience with a comprehensive understanding of the challenges and opportunities related to transitioning towards a sustainable future for energy and mobility.

The ReCon club organised International Guest lecture by Mr. Vibhor Saxena, product manager at Meta, at the 11th APIC on 2nd March 2024 wherein he joined in live from Zurich , Switzerland connecting to the 200+audience gathered together comprising of researchers, prominent faculties and students digitally on the big screen in SIMSREE auditorium . Being personally engaged to bring metaverse to life, his lecture, titled “Metaverse: The Internet of Experiences,” provided participants with a thought-provoking glimpse into the future of technology and its potential impact on various aspects of business and society. A super engaging and interesting doubt session on the future of metaverse in business and its use in research discovering all its possibilities concluded the session.

Successful Lean Six Sigma Green Belt Certification program

2024 arranged by Research & Consulting Club of SIMSREE

The Research Consulting Club at SIMSREE recently organized a highly successful Lean Six Sigma Green Belt Certification program in collaboration with KPMG. Held from 12th to 16th February 2024, the 35+ hour program attracted over 60 enthusiastic students from various specializations.
The intensive workshop comprised 6+ modules, delving into industry-valuable Lean and Six Sigma tools, methodologies, and their applications in the cutting-edge Industry 4.0. KPMG consultants conducted live case-based demonstrations, guiding students through practical applications of these tools. Active team participation in activities and continuous self-assessment through engaging quizzes enhanced the learning experience.
To facilitate deeper understanding, additional exposure and detailed study materials were provided on the KPMG Learning Management System (LMS). The program culminated in a final assessment test, and those who successfully passed were awarded the prestigious Lean Six Sigma Green Belt Certification.

Congratulations to all participants for their dedication and successful completion of the program, contributing to the club’s mission of fostering excellence in research and consulting.

The Diplomat: Red Sea Crisis Debate

Introduction:


The Research and Consulting Club at SIMSREE organized “The Diplomat” as part of the Simerations Festival, offering students a platform to engage in diplomatic discussions and showcase their geopolitical understanding. The event centered around the Red Sea Crisis; wherein participating teams represented different nations affected by the crisis.

Event Overview:

“The Diplomat” unfolded in three rounds, testing participants’ knowledge, analytical skills, and diplomatic finesse:

Round 1: Geopolitical Online Quiz

Participants faced 20 questions within 15 minutes, focusing on current global geopolitics.

Round 2: Case Study Submission

Selected teams received a case study related to the Blue Economy, preparing and submitting presentations from the point of view of India and its stance and proposed solutions.

Round 3: Country-Specific Geopolitical Discussion (25th February 2024)

Teams representing Iran, Russia, India, China, Saudi Arabia, USA, and Egypt engaged in impromptu debates on the Red Sea Crisis. Each team presented their opening statements, followed by a constructive 20-minute discussion. Judges Dr. Sangeeta Pandit and Prof. Bharat Nadkarni provided insights and constructive criticisms throughout.

Results:

Winner: Team ‘Shantidoots’ representing the USA (Aditya Durge and Dheeraj Shukla)
Runner-up: Team ‘Slayers’ representing Saudi Arabia (Shraddha Kale and Anushka Tare)
Second Runner-up: Team ‘Corporate Mavericks’ representing Egypt (Neha Nachanolkar, Vedanti Palaskar, Udit Pevekar)
Third Runner-Up: Team ‘Angad’ representing Russia ( Shreyas Bompilwar and Tejas Gandhi)

Key Observations:

The event showcased diverse perspectives and diplomatic acumen among participants.
Teams demonstrated deep understanding and innovative solutions regarding the Red Sea Crisis.
Judges provided valuable feedback, fostering learning and growth among participants.
“The Diplomat” provided a platform for students to immerse themselves in international diplomacy and strategic thinking. Congratulations to the winners and all participants for their exemplary performance and dedication to diplomatic discourse.

Title: ReCon Club’s Convergence ’23: A Unique Business simulation competition

In the realm of business acumen and strategic prowess, ReCon Club’s Convergence ’23 emerged as a beacon for bright minds eager to tackle real-time business challenges. The event, organized in collaboration with Cesim, offered participants a unique platform to engage in a business simulation competition, fostering an environment where innovative solutions and strategic thinking took center stage.

The competition unfolded in two riveting rounds, beginning with the Micro simulation on November 18, 2023, and concluding on November 20, 2023. Participants delved into Cesim’s online simulation platform, navigating through intricate business scenarios in areas such as marketing, finance, operations, and strategy. This phase provided an invaluable opportunity for individuals and teams to make decisions, analyze outcomes, and refine their solutions iteratively.

The Final simulation, the pinnacle of Convergence ’23, kicked off on November 22, 2023, and reached its climax on November 23, 2023. As participants continued to navigate the dynamic business landscape on Cesim’s platform, their strategic acumen and problem-solving skills were put to the ultimate test.

The competition was not merely a battleground of intellect; it was a journey of learning, growth, and showcasing creativity. Participants seized the chance to explore various scenarios, adapting their strategies to the ever-evolving simulation environment. This iterative approach not only honed their decision-making skills but also provided a realistic glimpse into the complexities of real-world business challenges.

Among the triumphant participants, Team “The Wise Fools” comprising Akash Rathi and Nikhil Nainan George from Sydenham Institute of Management Studies (SIMSREE) clinched the coveted 1st Place. The 2nd Place was secured by Team “Shubhanshu Jaiswar and Girish Mahajan” from Indian Institute of Management Amritsar, showcasing their remarkable abilities in navigating the simulation landscape.

Convergence ’23 was not just a competition; it was a celebration of strategic thinking, problem-solving, and innovation. The event not only provided a platform for participants to test their abilities but also rewarded them with exciting prizes and recognition. As the curtains closed on Convergence ’23, it left behind a legacy of excellence and a testament to the power of collaborative intellect in the face of complex business challenges.

In keeping with the rich Sydenham tradition of imparting high quality education, the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) was founded in the year 1983.

 

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