Welingkar – Rising Globally With Alliances

Welingkar Institute of Management Development and Research, Mumbai, has formed an alliance with Curtin Business School in order to facilitate mutual cooperation in the field of educational research. WeSchool is one of the top 10 management institutions in India and CBS is a part of Curtin University of Technology, Perth, Western Australia. This partnership is a step towards cooperation between Australia & India in the field of education and research.

Curtin Business School (CBS), the largest teaching division of Curtin University, is one of the most comprehensive business schools in Australia. The Economist ranked CBS #2 globally under Student Quality.

The MoU (memorandum of understanding) was signed by Prof. Dr. Uday Salunkhe, Group Director, Welingkar Institute with Prof. David Wood, Deputy Vice Chancellor of Curtin University. The event was graced by the presence of various authorities from the office of Australia’s Counsul General and from CBS, the faculty, students of Welingkar Institute and other leading personalities from the academia & industry.

Prof.Dr.Uday Salunkhe said, “This MOU with Curtin University will facilitate exchange of students and faculty members on reciprocal basis and help conduct and organize cultural projects, study tours and opportunities to conduct joint research projects in emerging fields. It will also offer new avenues for our students to study in an international environment  I am confident that our association will accomplish a  balanced and broad based cooperation not only between the two institutes but also between two countries in various areas of mutual interest.”

Maharashtra Times Maifal, A Treat For The Literature Buffs At Welingkar

Maharashtra Times Maifal (MATA Maifal)was a Litfest hosted by Maharashtra Times for 2 days on 21st and 22nd January 2016. Welingkar was an Academic Partner to the event and the host. The chief guests at the event were Ashok Panvalkar, Group Editor, MaTa; Prof Dr Uday Salunkhe, Group Director, WeSchool and Prof Dr Sanjay Deshmukh, Vice Chancellor, University of Mumbai.

The Nobel Creativity At Welingkar

On his visit to Mumbai at the Welingkar Institute of Management, Tobias Degsell, the curator at the Nobel Museum in Stockholm, emphasised on the importance of creativity for innovation. He said that the forbidden acts of disrespect, question, playfulness, failure or mistakes can be the key to unleashing the creativity inherent in everybody

Exhibition On Technology In Healthcare Held At Welingkar

Technology-In-Healthcare-ReDx-Dr-Uday-Salunkhe-Welingkar

Welingkar, in partnership with Camera Culture Group and MIT Media Lab (USA) organized a prototype exhibition and open house of redefining diagnostics at WeSchool campus.

The exhibition brought together nearly hundred students, clinicians, entrepreneurs, and investors to address healthcare issues in India. Most promising projects were selected for further development at WeSchool campus.

Innovators will work on development of prototypes for different healthcare solutions with the guidance from researchers.

Dr. Uday Salunkhe, Group Director of WeSchool, congratulated the team and said, “ReDx 2016 is another milestone in our collaborative journey towards creating innovations that aim to provide healthcare solutions for people across the globe. This convergence of design thinking, technology and empathy has created a wonderful platform for stakeholders from diverse streams to get together to design the much needed healthcare diagnostic devices which will have immense social value and impact in the times to come.

During ReDx, Welingkar students have helped transform potentially high impact ideas sourced from health researchers and doctors and transformed them into working prototypes and executable business solutions and we are looking forward to taking them ahead.”

Prof. Dr Ramesh Raskar of MIT Media labs described ReDx as a joint venture between USA and India in a bid to solve healthcare challenges. The collaboration works with number of stakeholders to enable young minds in finding innovative solutions by rethinking, engineering and designing towards executable business solutions.

Some of the prototypes displayed at the open-house were, Apnea Rest Analysis Mask (ARAM), Cardio24, SkinSpect, LightEar, SenseCam, Anterior segment imaging device, Portable pupilometer, EpiMetrics.

Governance and Thought Leadership, A Symbiotic Relationship

Thought Leadership and Governance-Dr-Uday-Salunkhe“Governance and thought leadership are two inextricably entwined traits.” says Dr. Uday Salunkhe, Welingkar Institute of Management.

Without effective thought leadership, governance remains a myth; it becomes effective and inclusive only if the element of thought leadership is at its core, which is reflected in the inclusive progress of all sections of society. The extreme challenges thrown up by the turbulent transition in our ecosystem can be solved with thought-leadership. Thought-leadership helps us face the external fluctuation and internal challenges smoothly.

Thought leadership configures feasible solutions considering even the last man and paves the way for governance works its way towards aspired goals, through challenges, dilemmas, and diversity. Thought leaders are futuristic and have the ability to connect the dots — their policies are set accordingly. A similar pattern can be observed in the government targets and their efforts in the direction.

A huge task for the leadership is to invest in the people and their mindsets. Attitude changes are required to yield optimum results. The recent visit by our Prime Minister to Silicon Valley brought forth the grey areas holding back innovation culture and growth of our own Silicon Valleys. These attitude changes have to be delicately worked upon and may call for bold reforms. Thought leadership has to be utilised to stitch together conflicting, but worthy mindsets seamlessly.

A thought leader ensures effective partnership among various stakeholders by taking them along, drawing out the best and willing cooperation from all, with tact, equanimity and vision. It needs incisive details of all the various elements at play.

A huge demographic section lives in inhabitable conditions. Effective thought leadership can enable the governance to reach the accruing benefits to people at large and mitigate the huge inequities. Thought leadership gives the leaders an enabling infrastructure to execute their ideas and innovations customised to meet the needs of the underprivileged in a system. Thought leadership is quintessentially inherent in governance.

Tobias Degsell 4 Mantras To Possibly Becoming A Noble Laureate At Welingkar

4 mantras to possibly becoming a Noble Laureate are, Creativity, Persistency, Collaboration and Diversity. Tobias Degsell, Curator at Nobel Museum addresses students at WeSchool, Mumbai

We believe the inspiration for creativity and the ability to turn this creativity into something meaningful for businesses and society increases multifold with a diverse ecosystem that channelizes this energy. So as educators if we focus on creating such ecosystems, the youth will make in India and ensure we are a nation to be proud of.” Prof Dr Uday Salunkhe, Group Director, Welingkar

Follow The Link: http://www.mbarendezvous.in/b-school-events/weschool-institute-event

People Analytics – A Promising Approach To Solving Complex HR Issues

Welingkar-Dr Anil Rao-SP MandaliA new concept has emerged in the field of Human Resource Management, known as ‘People Analytics’. The concept revolves round the fact that people are the building blocks of probable growth and innovation that can occur in an organization. The element of cost also comes under its purview.

“People Analytics draws heavily on big data enabled by technological advances, using the same in reference to behavioural pattern and people related issues. It streamlines businesses, irons out the complex issues at work; boosts employee loyalty and limits the churn (attrition)”, says Dr Anil Rao, Dean and Director –Welingkar, Bengaluru

Global giants have employed ‘people analytics’ to accelerate the profitability of the company by making the workplace more engaging. Global majors that have been successful with this concept include Facebook, Starbucks, Bank of America to name a few. The concept primarily deals with scope of manpower potential in achieving the organisational goals.

The fluidity of people analytics lies in the fact that it can be applied at different levels – individuals, groups or organisations as a whole. However, organisations are still in the process of figuring out how analytics could help take better people decisions within the organisation. The other areas that are under study include understanding workforce composition, assessment and reporting on key people issues, alignment to business strategy, improvement of employee data integrity, benchmarking key people metrics against external peers and more. So, the objective, data-driven and empirical approach that forms the basis of People analytics could pave a way for phasing out conventional HR practices that have proven ineffective and outdated.

Also Contributed by Prof Dr Uday Salunkhe, Group Director, WeSchool