Contributed By: Ashay Sinha
Vikasana, the Social Impact Club of students of 2 year MBA programme at IIM Bangalore organized One Day At IIMB and Sahay on January 13.
One Day At IIMB
One Day At IIMB provided a unique opportunity for the public to experience the life of an MBA student at India’s premier business school. The event comprised insightful lectures from renowned professors, case study sessions, interaction sessions with the current MBA students and a tour of the IIM Bangalore campus. This year, the lectures were delivered by Prof. Y L R Moorthi from the Marketing Area, Prof. Padmini Srinivasan from Finance and Accounting Area and Prof. Ramya Ranganathan from Organizational Behavior & Human Resources Management Area. The event saw participation from individuals from different walks of life; engineering students, MBA aspirants as well as corporate employees.
Delivering the session on corporate governance, Prof Srinivasan said that it was very important for corporates to be accountable to their stakeholders. Enlightening the participants about the unethical practices in the corporate sector, she cited examples where less accountability led to the downfall of several corporate houses around the world. Prof Ramya Ranganathan talked about how strong our mental models where that even when they were not correct, we were reluctant to question them. She talked about three kinds of polarities – Fun vs Usefulness, Love vs Money and Now vs Future – that have entangled most of us. Talking about life in general, Prof Murthy said that we are truly happy only when we get what we really deserve.
One Day At IIMB is a social initiative where the funds raised from the event’s registration are donated to the NGO, Home of Hope. Home of Hope is actively focused on rebuilding the lives of the destitute and dying people on the streets of Bangalore.
Sahay is a networking event organized for enterprises in the social sector. Sahay aims to provide a common platform to various stakeholders in the social space to share best practices and brainstorm on common problems.
The event saw participation from several social enterprises including social initiatives incubated at NSRCEL and Social Alpha, consulting firms, impact investors and academicians in the public policy and social entrepreneurship space. The theme for this year was “How can technology and innovation be leveraged to create large-scale impact in social space?”
Sahay comprised speaker sessions by Mr. Shekar Prabhakar, MD, Hasiru Dala Innovations Pvt. Ltd. and Mr. Nagaraja Prakasam, Partner at Acumen Fund and the founder of Nativelead Foundation. Talking at the event, Mr. Prabhakar said that as a social entrepreneur, one needs to work as hard as any big organization because the social cause doesn’t discount the level of commitment required. He said that it’s completely fine to set up an organization for reasons of seeking a fulfilling life, rather than for any selfless reason. However, for any enterprise to be successful, it is extremely important for the entrepreneur to have clarity about the venture. Mr. Prakashan, however, differed and said that only passion for creating significant impact and courage of going deep into the problems in the social space will be the long term driver in this sector.
The speaker session was followed by a panel discussion and a co-creation workshop. Panelists for the panel discussion included Mrs. Manisha Dahad, Head, Global Action on Poverty, Dr. Chanakya Narayana, Chief Research Scientist, Centre for Sustainable Technologies at IISc Bangalore, Mr. Murali Pundla Director – Process Excellence, Akshaya Patra Foundation, Mr. Anant Bhagwati, Partner, Bain & Company and Mr. Parmeet Soni of Social Alpha.
Talking about technological innovation to create large-scale impact in social space, Dr. Narayana asked if we could take lessons from the past, maybe from the age of Chanakya, to build something for tomorrow. Mr. Bhagwati said that when we talk about the social space, it is really important to have government as a stakeholder because only government has the capacity to invest on such a large scale. Mrs. Dahad said that technology can play a pivotal role in connecting the NGOs in the social space to different stakeholders who are willing to help them. Mr. Praneet Soni stressed on the fact that there is a dire need to make quality technology services available to underserved and that the technologies developed need to be accessible, affordable and intuitive for the end user to use them.
The day concluded with soulful performance by Taal and Dhwani, the dance and the music club of IIMB.
Ashay is a student of PGP 2018-2020 batch of IIM Bangalore and a member of Student Media Cell.