Request For Problems (RFP)

Request For Problems (RFPs) & Learning by Solving

This need for relevant research projects is important as there is a big concern about the employability of MBA graduates as aforementioned. Employers worldwide are concerned about the problem solving capacity of MBA graduate. To address this concern and maximize the academic value, a business school should find ways to impart problem solving skills by making the students work on real life industry projects.

Keeping this in mind, IFIM Business School has introduced a ‘Learning by Solving’ approach. As part of this unique pedagogy, students work on a problem provided by industry partners. School approached the industry for what we call ‘Request for Problems’. Many business enterprises like Scripbox, Sahamati, Davinta Finance and Bosch to name a few provided us with problems.

IFIM Business School is providing the students unique opportunity to work on industry problems and also helping the faculty to remain contextual. However research in IFIM Business School like any other private institute in India is funded by the fees of the students unlike international institutions which are funded through endowments. It is therefore imperative that students who are our primary stakeholders should benefit from the research undertaken. The challenge is how to make research useful for the students which can enhance their career opportunities by bringing in industry relevance. Another important challenge is to have faculty group who are current and contextual in terms of industry practices to make teaching relevant. IFIM Business School has been able to achieve that by integrating the three main stakeholders-Students, faculty and practitioners to address the challenges and to achieve an alignment with school’s mission of nurturing continuously employable professionals. The outcomes of these projects are cases or research papers which again can be used for teaching. Thus research aligned with practice can add to teaching. The whole process of ‘Learning by Solving’ is given below

Figure ‘Learning by Solving’ process in IFIM

Senior executives from companies bring forward and discuss ways to handle difficult and complex challenges that their companies are facing. These challenges are often instrumental in further shaping the research agenda of the faculty. Propositional knowledge meets prescriptive knowledge. Business schools must make sure that professors are active in research and must present their ideas in a pedagogically meaningful way in class.

The problems could be from FinTech or MarTech domains.

FinTech

With the advent of technological advancement, the implication of Fintech on financial services industries has touched a new pinnacle, particularly in Asia, where the size of the market is twice as large as that of the global average (McKinsey, 2019). One of the biggest disruptors in the financial industry over the last decade or so has been Fintech. While FinTech has revolutionised sectors such as personal finance and banking, there are still a few places where its potential has not been utilised. The major area where the application of Fintech has been considered as instrumental are: payment processing, block chain technology, alternative financing, (AI)-powered investment services that leverage machine learning (ML) algorithms to generate automatic investment strategies tailored to user portfolios, and internet of things (IoT) to name a few.

MarTech

In the last decade marketing processes have undergone a generational change, and have impacted online and offline retail, customer experience management, sales and distribution, service management and failure, product launches, last mile connectivity, bottom-of-the-pyramid markets, to name a few.

What is in it for the Partnering Organisation?

  • Re-skilling / New Skilling of executives with Professional Certification
  • Possible Solution to an Internal Business Challenge
  • Relevance and currency of their functional skill inventory
  • Encouragement and retention of top talent by providing a rich learning experience in a top global institution.

What will be the cost of the Program for the Executive Sponsored by the Partnering Organisation?

  • The chosen executives will not be charged for the academic delivery certification, they will only need to bear the travel and stay expenses overseas.

Request-for-Problem Template

In the initial phase, sponsoring organisations can get in touch with us with the following information.

  • Potential Area of Challenge:
  • Name of executive/s attending the Masterclass:

Frequently Asked Questions

  • Data Handling: Data from your organisation shall be used under supervision of your corporate executive who is part of this programme and with the supervising faculty. Data will be handled in compliance with IFIM’s Information Security policies.
  • Travel and visa: The expenses for travel, visa, and stay of your executive to our partner institutions for the international immersion part shall be borne by your organisation.
  • Duration: The entire programme is modular spread over December/January 2019 till June 2020. Your executive shall be part of the complete duration of the programme including three weeks in London/Virginia.
  • Format: The programme starts with the Masterclass by an internationally reputed academician of two days duration. This will be followed by online instructions related to the knowledge areas and 3-weeks immersion at the partnering institution.

How to join?

Organisations desirous of joining this programme can write to:

Fintech Area: Prof. Parameshwar H. S at parameshwar.hs@ifim.edu.in

Martech Area: Prof Rajesh Kumar at rajesh.kumar@ifim.edu.in