(12PressRelease.com) Press Release
October 12th, 2010
IIM Lucknow's IPMX students complete a two week gruelling international business module at ESCP Europe Business School, Paris
The programme focused on Managing Innovation and understanding the cultural and business aspects of Paris
As part of their course curriculum, the students of International Programme in Management for Executives (IPMX), the flagship programme for Mid-career executives from IIM Lucknow's Noida campus, recently visited ESCP Europe Business School, Paris, for a two- week gruelling international business module.
The programme kicked-off with a series of lectures by Prof. Pierre Morel, a proponent of cross-cultural issues and a specialist on American studies on the way the French conduct their business. During the session, the students learnt that the two cultures were not too different after all, despite some interesting differences.
Students got the opportunity to attend a lecture on Idea and Innovation Management, conducted by Prof. Isaac Getz, Professor of Strategy and Doctorate in Psychology and Organizational Behaviour. Interestingly, Prof. Archana Shukla, Dean, IIM Lucknow, Noida Campus, who had travelled with the student contingent, shares the unique qualifications of her French counterpart. It made for a very interesting session with both the professors in the same classroom.
Professor Emeritus Jyoti Gupta, the only Indian faculty at ESCP Paris, shared some critical insight about the current challenges faced by the European Union in the session. He also dealt with the current economic and financial scenario in Europe in general, and in France in particular.
The institute had also invited Mr. Andre Benoit-de-Jaegere, Director at CapGemini, a global leader in consulting, technology, outsourcing, and local professional services to talk about some interesting techniques that the organization uses to transform global and international businesses all over the world.
Dr. Daniel Roache, who has worked with both the Israeli army and the French embassy talked about Competitive Intelligence. He introduced the class to several nuances of picking-up information about the competition and then interpreting it to form intelligence. The discussion of a few contemporary corporate scandals revealed several unexplored angles of business.
The institute organized a visit to the RATP, the biggest private railway operator in France, for the Indian managers to understand the operations of the company. This was especially significant since the 4.5 billion Euro Company, which runs underground metro-trains, trams and buses in France, UK, Belgium, China and Korea, is currently working with Veolia Transport Co. on the Mumbai Metro project as well.
The students got the chance to interact with the Indian ambassador in France. He addressed the students on the topic of the importance of the European Union for the growth of the developing economies of the world. He emphasized that the 'cost of labour' advantage, which India enjoyed, was not permanent, and that countries like Philippine and Malaysia were starting to put up a competitive fight. India would need to guard against letting status quo prevail in the face of a rapidly evolving socio-economic environment, and learn from the ways of the developed nations to sustain its competitive advantages over the long-term.
Rishi Khanna, IPMX 2010- 2011 says, "I never noticed before the innumerable channels from where competitive intelligence could be picked-up, and all within the legal framework too."
Sreelakshmy IPMX 2010- 2011 says, "The module packed the essence of several important topics into it in a pretty short period. As experienced professionals, who put a premium on our time, that's just how we would want it to be."
Students also got the opportunity to familiarize themselves with the cultural and business aspects in the city of Paris, which is very important in today's changing global business environment.
The students also had the chance to do some sightseeing in the cities of Paris, Bruges, Brussels and Zurich.