VGSOM Assigns COVID Case Study

IIT Kharagpur’s Vinod Gupta School of Management assigns Pandemic Case Study for Organizational Leadership education

It has been almost 2 weeks since the teaching and learning at IIT Kharagpur has gone virtual. The Center for Educational Technology at the Institute has been using the online interface Webex for conducting classes across all levels of study. Shorter sessions are also being conducted through Zoom. 

Several research groups are also conducting studies on people’s perception and behaviour towards COVID-19 through progression of time. In one such initiative, the Vinod Gupta School of Management, business school in India of IIT Kharagpur ranked among the top ten in India, has launched a project based on COVID-19 pandemic. The project titled “Invisible Leadership and the CoronaVirus Pandemic” is being assigned 126 students in the second year MBA class at the School as part of the Organisational Leadership course.

Speaking about the project Prof. Susmita Mukhopadhyay said, “Pandemic or any other wide spread disease such as COVID-19 demand exemplary leadership and decision-making capabilities to manage finances, human resources, supply chain and overall business operations. Managers if prepared for desperate times may even plan and improvise the desperate measures. The project aims to teach the students to see the power of invisible leadership in the fight against a pandemic.”

“Leadership is more about taking tough decisions now while keeping the greater good in mind than appeasing your countrymen with misleading information. Covid-19 has turned every one of us into soldiers fighting for the very survival of our species and the real leader here is invisible. So when we miss the leader micromanaging things, we look inward for leadership,” said Pinak Samui, student at VGSOM.

The students will be studying the facts from diverse shades of leadership and understand the ethical issues connected to such situations as COVID-19 pandemic. They will also explore whether the Pandemic itself has acted as an invisible leader in enhancing work-life balance of people, cohabitation of species and environmental sustainability.

“We have given the topic to the students to have a free flow of thought and explore the topic from various perspectives, frame the case based on archival news and keep track of day to day developments and strategies undertaken by governments and other related stakeholders. We plan to develop business case studies based on the project output,” remarked Prof Biplab Datta.

Student Feedback:

“This assignment has helped us to keep track of the COVID-19 situation and all related happenings as they are happening around the world. It also helped us to dive deep into the invisible leadership principle and apply the same, in order to add a new perspective to the current situation, just like looking through a different lens,” said a student Pritam Sharma.

 

Sharing about his learning, another student Aniket Sanyal said, “Leaders, who can take quick actions, who are flexible in adapting their bold decisions to suit the needs of a situation, will have more success in a crisis environment.”

Champions of EXL EQ

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Two teams from IIT Kharagpur swept 3 out of 4 awards at the final round of EXL Excellence Quotient 2019. Team Ninety Degrees of Anmol Thakkar & Ayush Bansal from IIT Kharagpur secured the 1st position and Team Tesseract of Ayush Patnaik & Prakhar Prakash secured 2nd position thereby bringing laurels to the Institute.

Winning Team: Ayush Bansal (L) and Anmol Thakkar (R)
Runners-up: Ayush Patnaik and Prakhar Prakash

EXL Excellence Quotient (EQ) is an annual case study contest structured to test skills like problem identification, logical thinking, structured and methodical approach and efficient analysis amongst its participants. Students from 20 premier academic institutes across the country including 8 IITs and 7 NITs participated in the competition. A total of 698 teams registered out of which 38 qualified through 1st Round and only 6 teams made it through the 2nd Round to the National Finals.

The challenge pertained to designing improved fraud detection methodologies & optimize the cost of the investigation in the insurance industry. They were asked to suggest ways to improve the fraud detection process in terms of accuracy as well as the time is taken for the entire process.

“Trust is an important aspect for an insurance company because it is selling a promise. Taking advantage of the holistic dataset provided in the competition, we gained insights into the entire value chain and created data features around metrics of trust,” explained Anmol Thakkar, a student from the IIT Kharagpur’s winning team. The insurance claims were then analyzed using these metrics and fraudulent claims were identified. “We built an algorithm that supported all offerings that an insurance company has on its roadmap and presented fraud prevention methodologies like telematics plug, that can help a company turn around their revenue numbers,” he added.

3 teams from IIT Kharagpur participated in the event. The winning team, Team Ninety Degrees from IIT Kharagpur received a cash prize of Rs. 1.25 Lakhs along with certificates and winning trophy. The runner ups, Team Tesseract from IIT Kharagpur received a cash prize of Rs. 60 thousand. Pre-placement offers were extended to the winning teams.

The case study contest provides participants platform to learn and experience real life consulting problems faced by organizations and how they can apply their academic learning and business acumen to offer solutions to such problems. EXL EQ 2019 offered participants an opportunity to engage in decision analytics using various data handling tools.