New Year is here !!

I am getting ready to welcome the new year. I am sure it will be a great year for me & Great Lakes. With Uncle Bala around there is lot of excitement here. We are awaiting to hear C K Prahlad on Jan 3rd.

Wish all of you who visit my blog a happy & prosperous new year !!

Ms Indra Nooyi in all praise for Great Lakes !!

Chennai, December 25, 2006: The PepsiCo Chief Ms. Indra Nooyi, emphasized that everyone should cultivate a global mindset and a local insight in order to make a mark in this globalized economy. Ms Nooyi, who is acclaimed by Forbes magazine as one of the world’s powerful women, made a special appearance and delivered key note address at the Yale – Great Lakes Center for Management Research’s International Conference on “Global Mindset, Indian Roots” held in Chennai. Ms Nooyi, who epitomizes the theme “Global mindset, Indian Roots”, felt that it was time for academia and research to come with more contemporary methods of ‘predicting future behavior’ of consumers by observation, by cultural focus and by ethnography rather than using the traditional methods of qualitative research.

Ms Nooyi commended Great Lakes Institute of Management for having an excellent international focus. Ms Nooyi said she was very much impressed to see Chinese language being a part of curriculum, a feat which even eminent universities doesn’t have. Ms Nooyi, alumni and also a Board member of Yale, commended Great Lakes Institute of management for partnering with Yale. She said that ‘Yale’ is very dear to her heart and she would extend her support for strengthening this initiative.

Dr Venkat R. Krishnan, the Director of Yale - Great Lakes center for Management Research, speaking on the occasion, said that the center aims to promote, facilitate and advance India-centric management related research which contributes to the development of basic and applied knowledge in the field of management. He said that this conference will act as a bridge that links scholars around the globe with India as a common interest.

Apart from Ms Indra Nooyi, several illustrious thought leaders and professors of the world shared their views in the conference. Dr Seenu V. Srinivasan of Stanford University, who is regarded as world’s foremost authority in marketing research, expounded the technique of a using ‘conjoint analysis’ as a method to predict future behavior. Prof Paul Prabhakar, Dean of FSU spoke about the DNA of a sustainable business enterprise. Dr Sudhakar Balachandran, who was awarded the outstanding faulty award at Columbia Business School, spoke on Share holder value maximization. There were many interesting case studies/talks by Dr Suj Krishnaswamy, Dr Sridhar Moorthy, Dr Rama Shankar, Dr Siva Nathan, Dr Ashok Vasudevan and Dr Neharika Vohra. Paper presentations from many well known schools like Indian Institutes of Management – Ahmedabad & Bangalore, Indian School of Business-Hyderabad, IIT-Khargpur, IIT- Chennai etc also attracted the audience. Prof Sriram, Executive Director of Great Lakes thanked Ms Indra Nooyi and all other distinguished professors for making such thought provoking speeches.

We have got land !!

Memorable day at Great Lakes !! Read below for details.............



Great Lakes Institute of Management Announces setting up of own Campus

~ Great Lakes Setting up own campus on ECR road ~
~Announces New Chair professorships~

Chennai, November 30, 2006: Great Lakes Institute of Management, a leading B-School, with an objective of offering world class education, has announced setting up of its own campus on the East Coast Road of Chennai. The three year old B-School is currently being run in leased premises. The B-school invested huge money in acquiring the 14 Acres land in the serene East Coast Road which is the new knowledge corridor of Chennai.

The new campus will be a sophisticated, full fledged one with all modern amenities. The institute plans for a total built up area of 1,80,000 sft and out of it 1,25,000 sft will done in the first phase. The campus would be a complete residential one with facilities like hostels, amphitheatres, electronic classrooms, auditorium, staff quarters and spacious playgrounds. The design of the building is ready and The Institute plans to start the construction activity in couple of months and wishes to start complete operations by 2008 academic year.

New Chair Professorships
Great Lakes Institute of management, which was started by illustrious academicians of US along with the support of Indian Industry bigwigs, aims to become an Institute of excellence in Management education in India with in 2 years. While the new campus infrastructure catapults the learning ambience, the institute is also focusing on the enhancement of its knowledge capital by taking new faculty on board. In addition to the existing chair professorships, Great Lakes announced few more Chair professorships. Mr Gopal Srinivasan, MD of TVS Electronics and Mr KB Chandrasekhar, Chairman of Jamcracker Inc donated Rs 1 Crore each for setting up the prestigious chair professor ships in two domains. Three more chairs in the areas of Finance& Banking, Infrastructure, and technology are also on the cards.

Marketing Focused school
The Institute, during the visit of the marketing legend, Dr Phil Kotler, announced that it has identified its core competence in the area of marketing and that it aims to become a marketing focused school. With this, Great Lakes is following the footsteps of premier US B-Schools which are known have focus in one area. Its no wonder that Great Lakes, which is closely associated with Kellogg chose to become a marketing focused school.

Giving the rationale for focus on Marketing, Prof Sriram, executive director, said that Great lakes has an unparalleled intellectual support from the illustrious marketing professors of the world. The legendary Dr Philip Kotler visited Great Lakes and will be associated with research for the next 5 years to support the center in all forms. Dr Seenu V Srinivasan, the Adams distringuished professor of Marketing Research of Stanford University, regularly teaches here. In addition to them, Dr Paul Prabhaker, the Dean of the School of Business and Economics. Fayetteville State University, North Carolina, has keen involvement in the operations of the institute.

To take marketing focus much further, Great Lakes, along with DrPhilip Kotler, announced setting up of “Kotler-Srinivasan Center for Marketing Research” for enhancing marketing based research in India. This center receives financial as well as Knowledge support from both the stalwarts on which the center is named. A member of the Academic Advisory Council of Great Lakes, Dr. Kotler is involved with their key research projects at this B-School. This center is the second research center for the school which already houses Yale-Great Lakes Center for Management Research, promoted jointly by Yale University.