University of Michigan, Ann Arbor, MI
March 24-25, 2017 at the Stephen M. Ross School of Business
India Business Conference (IBC) is one of the largest conferences hosted at the University of Michigan's Ross School of Business. Each year, IBC brings together leaders from business and a variety of other fields, Michigan's world-class faculty, and its diverse student body.
The 8th IBC will be held at the Ross School of Business, starting on Friday, March 24 (5 pm) and going through Saturday, March 25, 2017.
This year's event is exciting in terms of the unique combination of speakers that we have. We have leaders from large corporations and from fast growing new economy businesses. We have leaders who have expanded brands in India, and leaders from government and academia. This event presents a chance to learn lessons from them on what it takes to do business in India and with India. Speakers will also be shedding light on new and enduring challenges and opportunities.
"India is emerging as one of the fastest growing economies with more than one billion consumers. India Business Conference at the Ross School stimulates discussions around business opportunities and challenges in India. The topics will be of interest to business executives, entrepreneurs, policy makers, academics and students aspiring to be global business leaders"
-- Professor M S Krishnan
When: Friday, March 25, 2016
Where: Robertson Auditorium, Ross School of Business
|5:00 pm - 5:05 pm||IBC Opening Remarks by M.S. Krishnan|
|5:05 pm - 6:00 pm||CEO Session with the Head of India's Most Valuable Company
Natarajan Chandrasekaran (Chief Executive Officer and Managing Director, Tata Consultancy Services)
Q&A moderated by M.S. Krishnan (Associate Dean of Global Initiatives, Accenture Professor of Computer Information Systems, Technology & Operations)
|6:00 pm - 6:45 pm||Make in India
Mukesh Aghi (President, U.S.-India Business Council)
Q&A moderated by Jagadeesh Sivadasan (Associate Professor of Business Economics)
|6:45 pm - 7:30 pm||Networking Reception|
When: Saturday, March 26, 2016
Where: Ross Colloquium, 6th Floor (Lunch is included)
|9:00 am - 9:30 am||Registration|
|9:30 am - 9:40 am||Welcome Remarks by Gautam Ahuja|
|9:40 am - 10:30 am||Fireside Chat with a Prominent Internet Entrepreneur
Sachin Bansal (Executive Chairman and Co-Founder, Flipkart)
Moderated by Gautam Ahuja (Harvey C. Freuhauf Professor of Business Administration and Professor of Strategy)
|10:30 pm - 10:45 pm||Break|
|10:45 am - 11:35 pm||Building Brands in India
Niren Chaudhary (Global President of KFC, Yum! Brands)
Q&A moderated by Aradhna Krishna (Dwight F. Benton Professor of Marketing)
|11:35 pm - 11:50 pm||Break|
|11:50 am - 12:35 pm||CEO Session: Consumer Behavior and India as a Hub for Textiles & Fashion
Ananth Narayanan (Chief Executive Officer, Myntra)
Q&A moderated by M.S. Krishnan
|12:35 pm - 1:35 pm||Lunch|
|1:35 pm - 2:25 pm||Issues in the Indian Economy (From Vajpayee rule to the Present Day)
Yashwant Sinha (Former Minister of External Affairs and Former Minister of Finance, Government of India)
Q&A moderated by Anu Nagarajan (Faculty of Corporate Strategy and International Business)
|2:25 pm - 2:40 pm||Break|
|2:40 pm - 2:55 pm||Announcement of C.K. Prahalad Grand Challenge Winners
Gayatri Prahalad and Deepa Prahalad
|2:55 pm - 3:50 pm||Technology Entrepreneurship in India
Sunil Bhargava (Founder and Managing Partner, Tandem Capital)
Lil Mohan (Entrepreneur and Academician at Chicago Booth)
Moderated by Puneet Manchanda (Isadore and Leon Winkelman Professor of Marketing, Chair of Marketing)
|3:50 pm - 4:40 pm||Managing in India's Institutional & Legal Environment
Rajan Nagarajan (Senior Vice President, CTI Foods, LLC)
Vikramaditya S. Khanna (William W. Cook Professor of Law, University of Michigan)
Moderated by M.S. Krishnan
|4:40 pm||Closing Remarks|
The India Business Conference will be held at:
Stephen M. Ross School of Business
701 Tappan St., Ann Arbor, MI 48109 USA
Nearest Airport: Detroit(DTW)
Nearest Amtrak Station: Ann Arbor
Nearest Parking: Forest Avenue Parking Structure located at 650 S. Forest Avenue, Ann Arbor
A full listing of Ann Arbor hotels and accommodations to fit every budget can be found by clicking here.
"Students cannot graduate from business school today without a clear understanding of the role and importance of India. That's why we have this conference" -- Dean Alison Davis-Blake
India Business Conference is a platform that brings together the student community, business leaders, University faculty, policy makers and renowned management thinkers to engage in a thought provoking discussion about various aspects of India and its relationship with the United States as well as with the global economy. Over the years, IBC has developed into a forum that not only provides hundreds of students from various nationalities and leaders from different streams with answers about the challenges facing India, the United States and the world, but also creates meaningful discussion on the tools and strategies to address them.
Ross’s focus on the Indian market started with the late professor CK Prahalad’s extensive research on the Indian business environment. As a member of the Confederation of Indian Industries (CII) and a mentor to many prominent Indian business leaders, Professor Prahalad assisted several Indian organizations in successfully making the transition from a closed to open market economy in 1991. Although initially hesitant at the thought of facing foreign competition, many of these firms continue to prosper today as strong players in the global market, and of late, have made the leap to develop into true multinational organizations.
IBC at Ross was envisioned around the same time by Professor M.S. Krishnan and Mr. Ritesh Bawri (MBA 2001) with the hope that the University of Michigan, a world-renowned academic institution could function as a bridge between businesses and the fast globalizing Indian markets. The vision was converted into a reality in the year 2009 when with the support of late Professor CK Prahalad and Professor Krishnan, the first IBC was held at Ross, receiving wide media coverage and fanfare.
Over the years, the conference continues to provide an excellent platform to:
In the past, IBC has drawn guests from a variety of fields, including the following speakers:
When: Friday, March 25, 2016
Where: R1230, Ross School of Business
|1:30 pm - 3:30 pm||2016 C.K. Prahalad Grand Challenge Finals
Finalist Teams Present to Panel of Judges
|3:30 pm - 4:30 pm||Post-Challenge Reception with Contestants and Judges|
Each year, the University of Michigan’s Ross School of Business organizes this competition to honor the legacy of C.K. Prahalad.
“If we stop thinking of the poor as victims or as a burden and start recognizing them as resilient and creative entrepreneurs and value conscious consumers, a whole new world of opportunity will open up.” – C.K. Prahalad
C.K. Prahalad (1941-2010) was one of the world’s most influential business thinkers and management professors. He developed the “base of the pyramid” concept, exploring how business can pursue sustainable growth while playing a role in alleviating poverty
This year over 100 teams from business schools around the world participated. The 4 finalist teams will present to esteemed faculty judges. The event gives students the opportunity to showcase their business knowledge and innovation acumen by analyzing a case study in the social impact field.
The grand challenge prompt this year was as follows: Since 2004, many companies have attempted to serve the BoP but very few have been successful. Please review this article to understand some of the pitfalls of serving the BoP.
Goal: 884 million people in the world do not have access to safe drinking water. Between 50 and 100 liters of water per person per day are needed to ensure most basic needs. Build a business plan for a product or service that would bring clean water to people in India. Be innovative and think beyond the bounds of “traditional” business practices to pushing the frontier further. The Human Right to Water and Sanitation
We are open to your definition of the problem but we will use the criteria below to evaluate your business plans. Some examples of how to approach the water problem:
* Purifying water, eg. Chlorine tablets
* Access to water, eg. Water ATM’s, Water Wells
* Targeting specific scope, eg. BoP (entire BoP could be superset of the BoP in India), Rural (all villages in India or small ones or specific villages in India), and Urban (all major metros or smaller cities or specific cities in India)
We are privileged to have some of the top minds in the business world and distinguished faculty members supporting us.
|Sundar Balu||Kunal Malhotra||Anand Markande||Vijay Ramanavarapu|
|Erica Dancik||Rohan Karkhanis||Elisha Gada||Sriram Kannan|
© 2017 All Rights Reserved. | Send any questions to IndiaBusiness(at)umich.edu
Jayant Sinha is the Minister of State for Civil Aviation, a Member of Indian Parliament and formerly the Minister of State for Finance. In May 2014, he was elected to the Lok Sabha, representing the Bharatiya Janata Party from Hazaribagh, Jharkhand.
Sinha's prior business experience includes twelve years with McKinsey & Company as a partner in the Boston and Delhi offices where he co-led the global Software and IT Services practice. He was most recently a partner at Omidyar Network (ON), an investment firm with over $730 million in invested capital.
Sinha holds an M.B.A. with Distinction from the Harvard Business School, an M.S. in Energy Management & Policy from the University of Pennsylvania, and a Bachelor of Technology degree with Distinction from the Indian Institute of Technology Delhi.
Congressman Raja Krishnamoorthi represents the 8th District of Illinois, which includes west and northwest suburbs of Chicago,and serves on the Committee on Education and the Workforce. In addition, he serves on the Committee on Oversight and Government Reform, including as the ranking member, and top Democrat, on the subcommittee on health care and financial services. Krishnamoorthi served as an Illinois Special Assistant Attorney General in the public corruption unit and as Illinois Deputy Treasurer before becoming president of small businesses in the Chicago area focused on the renewable energy sector. He and his wife, Priya, a physician, live in Schaumburg with their two sons and baby daughter.
Featured in Ad Age Women to Watch, and Forbes Top 50 Most Influential CMOs. In 2009, Ann was named Frito-Lay North America Chief Marketing Officer and led a commercial marketing team responsible for the growth agenda at Frito-Lay. In 2014, Ann was named president, Global Snacks Group and PepsiCo Global Insights, responsible for driving accelerated growth across PepsiCo’s global snacks category. In November, 2015 Ann joined SC Johnson, as its first ever Global Chief Marketing Officer. She is responsible for driving growth across multiple categories in household and personal care, including Ziploc, Glade, Mrs. Myers, Caldrea, Raid, Off, Windex, Scrubbing Bubbles, Pledge, and Kiwi. Born in Kolkata, Ann has an MBA from the University of Chicago Booth School of Business, and an undergraduate degree in finance from the University of Chicago. Her husband Dipu, works for Symphony EYC as Vice President, Product Management, CPG. Ann has 14- year- old twins and is based in Dallas, TX.
Ramesh Mangaleswaran, works with leading companies and industry associations to realize the full potential of India’s manufacturing sector, shape strategies for global growth, make the best infrastructure choices, build operational excellence and develop outstanding leadership and talent. He is a director and a founding partner of McKinsey’s locations in Chennai and Bangalore. He co-leads our Operations Practice in India and Asia and previously led the firm’s Social Sector Practice in Asia.
He received his MBA from Indian Institute of Management, Ahmedabad, and a BTech in Metallurgical Engineering from Indian Institute of Technology, Bombay.
Chairman, TVS Capital Funds
Raghu is a co-founder and general partner of Ventureast. He was part of the team that was responsible for the pioneering privatization of a venture capital fund in India. He is a technology professional by training, and his investment focus covers the broad technology and services space including IT, mobile, education, hospitality, alternative energy and water. He operates as Ventureast's partner based in the US.
Raghu has a Bachelor of Technology degree from the Indian Institute of Technology Madras, and an MBA from the University of Michigan, Ann Arbor. Along with his wife, Raghu has co-founded the "Heart of a Child Foundation", a charitable organization focused on supporting research in the area of congenital heart defects. He is an avid foodie, sport buff, and enjoys traveling and spending time outdoors.
Dheeraj is currently Managing Director of Redcliffe Capital driving its core business in Leverage buyout using structured credit and equity products. His track record is in structuring and financing numerous cross-border acquisitions in the mining, metal, technology, security services, manufacturing, shipping, oil, renewable power sectors covering India, USA, UK, Africa. He is also founding member of EverGreen Energy, an upcoming IPP in renewable energy in India.
He is also an active early stage investor and holds a robust portfolio of 28+ businesses in USA and India. He is recently known as the most prolific Indian angel investor of 2016 by Economic Times, leading Indian daily newspaper.Dheeraj holds a computer science degree from Delhi University, as well as an Executive MBA from Cass Business School, London UK.
With accolades including the Kettering Alumni Award for Management Achievement in 2012, and Fortune Automotive Businessperson of the Year in 2014, Nair, joined Ford Motor Company in 1987, as a Body and Assembly Operations launch engineer. He quickly progressed to senior positions in Manufacturing, Product Development and Purchasing. He served as vice president of Operations, Asia Pacific, for three years before moving onto VP of Engineering for Product Development, where he oversaw all engineering for car, truck and SUV vehicles for the Ford and Lincoln brands. He also helped lead the development and implementation of the Ford brand DNA.
Since April 2012, he has been group vice president of Product Development and CTO, responsible for all global aspects of the company’s design, engineering, research and product development. Nair holds a bachelor’s degree in mechanical engineering with an automotive specialty from Kettering University in Flint, Michigan.
Youngest surgeon to win the prestigious Padma Shri by President of India in 2015 and recipient of the Dr. B.C Roy National Award for the year 2016 for outstanding contribution towards improving breast healthcare in India. Dr. Raghu Ram conceived and designed KIMS-USHALAKSHMI Centre for Breast Diseases, South Asia’s first free standing purpose built comprehensive Breast health Centre at KIMS Hospitals in Hyderabad (India). Over the past 10 years, with a mission to educate people about the importance of early detection of breast cancer, the centre has made significant and meaningful difference to many lives.
A Rising Star finalist for the 18th Annual Women in Technology Leadership Awards at age five, Priyanka gave an impromptu speech about an aeroplane which catapulted her into becoming the distinguished speaker she is today. Having been invited to speak at Women in Technology, Girls in Technology, INROADS, YuvaShakthi, DreamScholars, Women of the World festival, she enjoys sharing insights on happiness, personal growth, entrepreneurship, women’s issues, and the potential of STEAM (Science, Technology, Engineering, Art, and Math). She has been featured on InPower, Toastmasters International Magazine, and HelloGiggles.
Currently, at the US National Academy of Sciences, Engineering, and Medicine, she is responsible for creating and delivering the web strategy and future technological direction for a $30M division.She graduated from Anna University, India with a degree in Engineering. She holds a Master's degree in Computer Science from American University and an MBA from the Stephen M. Ross School of Business.
Shaily is the founder-CEO of Edblox (formerly Elevate Learning) with brands like Elevate K-12 and Classblox. A true immigrant story, Shaily was born and raised in Mumbai and started her first venture in the first few months of first being in the US while at business school at the University of Michigan.
She started her company as an internship project with a grant from the Zell Lurie Entrepreneurial Institute while at U of M and since then has boot-strapped the company to multi-million in revenue and raised her first round of investment only when the company was set on a path of high growth. With a passion and drive to change K-12 education forever, her company has worked with over 40,000 students and currently has a network of over 600 teachers in the US with an upcoming launch in SE Asia.She is a Production Engineer with a MBA from the University of Michigan.
Harinee Sampath, founder of Prayani Raita, had been making Raita at home for many years and believed that America was ready for a new kind of yogurt, a savory and flavor infused yogurt. To confirm this belief, while a student at University of Michigan’s Stephen M. Ross School of Business, Harinee worked with a team to develop Prayani, conducting extensive market research through taste tests, focus groups and surveys.
After graduating with her MBA, Harinee left a career in technology consulting and started South Asian Flavors, a company she incorporated with the vision to bring a line of healthy South Asian-flavored foods to the American market. Distribution started in 2016 statewide in Michigan, and goods can be found in Wholefoods, Plum Markets and other specialty food stores.The brand has committed to contributing at least 1% of profits each year to a charity alleviating hunger.
Andrea Sreshta is a co-founder of LuminAID, a company dedicated to innovative renewable energy solutions for humanitarian aid and outdoor recreation. The LuminAID light has been sold to individuals and organizations in more than 70 countries. Andrea and her business partner, Anna Stork, are the inventors of LuminAID's patented solar inflatable lighting technology. LuminAID was featured on ABC's Shark Tank in 2015 and received offers from all 5 of the Sharks and made a deal with Mark Cuban, the company's first investor.
Andrea holds a B.A. from Yale University, a Master's in Architecture from Columbia University, and an MBA from the University of Chicago Booth School of Business.
Parul is a renowned thinker, speaker and author with an in-depth understanding of divergent challenges met in the cause of community empowerment. Parul has received several accolades for his invaluable support and thought leadership in CSR and social development. Prior to setting up Thinkthrough Consulting (TTC), a professional services firm that specializes in providing advisory support to sustainable development initiatives, he was a Partner and Global Co-leader of Not-for-Profit sector advisory in EY Global.
A transformational development leader with nearly two decades of diverse experience, he actively encourages, mentors and supports entrepreneurs via the Advisory board of BD Foundation earlier Biz Divas. He is also Advisor and Promoter Director in India for The Asian Venture Philanthropy Network (AVPN); a Founding Board Member of Save the Children-Bal Raksha, the Indian evolution of Save the Children International network and a board Member of SafeLIFE Foundation and Handicap International.
Arvind is a director with the Pearson Affordable Learning Fund. He is responsible for investment activity in South Asia and Latin America, supporting all aspects of the investment process. He also serves on the board of Karadi Path, an English language learning company based out of Chennai, and serves as a board observer at SPARK Schools and Zaya.
Prior to Pearson, Arvind worked at the Clinton Health Access Initiative, where he worked on malaria treatment programs, primarily in Nigeria and Uganda. He was also a consultant at Bain & Company. In 2017, he was recognized as a Rising Star in Global Corporate Venturing and is an author of ‘The Inner Workings of Affordable Private Schools’, a publication on how to operate and assess affordable private schools effectively.Arvind received his BA in Economics and Political Science from Yale University and his MBA from the MIT Sloan School of Management.
Dr. Anil K. Gupta is widely regarded as one of the world’s leading experts on strategy, globalization and entrepreneurship. Ranked by Thinkers50 as one of the world’s “most influential living management thinkers,” he has been named by The Economist as one of the world's "superstars" in a cover story on "Innovation in Emerging Economies."
Anil is a member of the World Economic Forum’s Stewardship Committee for the Initiative on the Future of Consumption, the Bretton Woods Committee set up by the World Bank and IMF to advise them on solutions to global challenges, and the CNBC Disruptor 50 Advisory Council. He is a frequent participant at the World Economic Forum’s annual summits in Davos as well as regional summits in China, India, and the Middle East.
He received a doctorate from the Harvard Business School, an M.B.A. from the Indian Institute of Management at Ahmedabad, and a B.Tech. from the Indian Institute of Technology at Kanpur.
Besides being a full time faculty at University of Michigan Flint, he is also an affiliate faculty with Michigan Institute of Data Sciences (MIDAS), Ann Arbor, and has developed and taught a course on Mobile Marketing for Northwestern University.Drawing from industry experiences in rural markets for CPG and Telecommunications in India, he has pioneered research on the use of mobile devices in marketing as well as extracting consumer insights from location based data. He has co-developed certification programs in Mobile Marketing with Heartland Mobile Council Chicago, and consulted for various firms in this space. He has received an award from Oakland County for his prototype mobile app “OMGCampus”.
Dr. Syagnik Banerjee received his Ph.D. from University of Rhode Island in 2008, his M.B.A. from the International Management Institute New Delhi 1999 and B.Sc. in Economics from Presidency College Kolkata in 1997.
Dr. Gautam Ahuja is the Harvey C. Fruehauf Professor of Business Administration at the Ross School of Business. He is also the Faculty Director for the Ross India Initiatives.
Professor Ahuja's research interests focus on competitive analysis, innovation, globalization and the use of mergers, acquisitions and alliances in these contexts. His research has received several international awards from the top scholarly associations in the field including the Free Press Award for outstanding research in Strategic Management (1997), the Sage-Pondy and West Publishing Awards for outstanding research in Organization Theory (1998), the TIM Best Paper Award, and the SIES-EBS Award for Best Published paper in Innovation Management (2013). His publications have appeared in the major scholarly journals (ASQ, Organization Science, SMJ, AMR, AMJ) and have been cited more than 10000 times by other scholars and various federal and international bodies such as the EPA, OECD and UNEP. He has served as Associate / Senior Editor for several of the top academic journals. He also served as the Co-Chairperson (2001-04) and Chairperson (2004-2013) of the Strategy Area at Ross. For several years during this period the Strategy Area (department) was ranked #1 globally by The Financial Times.
In its first ever national faculty ranking, BusinessWeek ranked Professor Ahuja as #2 on the list of Most Popular Professors in the United States of America (2011). Other honors include selection by the Government of India to deliver the Pravasi Bharatiya Divas Oration (one person of Indian origin selected each year to celebrate the Indian diaspora); the Senior Faculty Research Award (for lifetime achievement) from the Ross School for sustained path-breaking research as a thought-leader in the field of Strategy; the Il Sigillum Magnum Medal by the University of Bologna in Italy, the world's oldest continuously functioning university and Lectio Magistralis, Luiss University in Rome.
Dr. M. S. Krishnan is the Accenture Professor of Computer Information Systems and Professor of Technology and Operations at the Ross School of Business, University of Michigan. He has co-authored the book The New Age of Innovation: Driving Co-Created Value with Global Networks with Professor C. K. Prahalad (late). The Economist and BusinessWeek magazine named this book as one of the Best Books on Innovation in 2008. Dr. Krishnan received his degrees in Mathematics and Computer Applications from the University of Delhi, India and Ph.D. in Information Systems from Carnegie Mellon University, Pittsburgh, USA. He was awarded the ICIS Best Dissertation Prize for his Doctoral Thesis on Cost and Quality Considerations in Software Product Management.
His research interests include Business Innovation, Corporate IT Strategy, Business Value of IT investments, Metrics and Measures for Business Process and Software Quality, Productivity and Customer satisfaction. In January 2000, American Society for Quality (ASQ) selected him as one of the 21 voices of quality for the twenty first century. In 2004, he was selected as one of the top thinkers on Business Technology by Informationweek-Optimze magazines based on their reader surveys. His research articles and writings have appeared in several journals including Management Science, Information Systems Research, Management Information Systems Quarterly, Strategic Management Journal, IEEE Transactions on Software Engineering, IEEE Software, Decision Support Systems, Harvard Business Review, The Wall Street Journal, Financial Times, Information Week, Sloan Management Review, Optimize and Communications of the ACM. His article The role of team factors in software cost and quality was awarded the 1999 ANBAR Electronic Citation of Excellence. Dr. Krishnan has consulted with Ford Motor Company, NCR, IBM, Nestle, ICICI, TVS Group, NBC, Next Services, Infosys, Techvoyant, Goorulearning and Ramco Systems. He also serves on the board of advisors of companies.