FMS Delhi bags Tata Business Leadership award
Friday, January 13, 2006
FMS Delhi has won the coveted Tata Business Leadership Awards (TBLA) 2006 at the grand finale held on January 4, 2005 at the Tata Management Training Centre (TMTC), Pune.
Close on their heels were IIM Bangalore and S P Jain Mumbai, who were declared the 1st National runners up and 2nd National runners up respectively. The three teams emerged victorious after a formidable clash with four other contenders, namely IIM Ahmedabad, IIM Lucknow, IIM Calcutta and XLRI Jamshedpur.
The annual business school event organized by the TATA Group, featured ’Bottom of the Pyramid – Opportunities for the Tata Group’ as the theme for 2006. FMS Delhi, the TBLA National Winners walked away with an attractive TBLA Rolling Trophy plus Rs.40,000 and attractive gifts from Titan, Tanishq and Taj Hotels, while the 1st National Runners Up and 2nd National Runners Up received an attractive prize of Rs.25,000 and Rs15,000 respectively. The theme of the national winners was ’Serving the Information and Communication Need at Rural Levels’.
On the occasion, Satish Pradhan, Executive Vice President – Group Human Resources, Tata Sons Ltd. said, “The award symbolizes the efforts of the TATA group in promoting leadership together with developing a better understanding of the group among the students. It is a great opportunity for the students to engage with real challenges of the business world and an equally great opportunity for us to get young minds to give us ideas about the challenges facing the Tata Group.”
Like every year, teams from the country’s top 7 business schools were invited to participate in this year’s TBLA Prelim Campus Case Defense Presentation. Over 1,000 students registered for participation. The schools that were invited this year were IIM, Ahmedabad, IIM-Bangalore, IIM-Kolkata, IIM-Lucknow, S P Jain-Mumbai, FMS Delhi and XLRI-Jamshedpur, the premiere schools from which Tata Administrative Services (TAS) recruits.
Today, the Tata Group operates in seven business sectors namely Engineering, Materials, Consumer Products, Energy, Communications & IT, Chemicals and Services. The Tata Group believes that inexorable globalization across geographies is creating a permeability which encourages the Group to look at opportunities with have been less attended to.
The teams were required to identify a business opportunity that has been less explored especially in emerging markets. Teams were required to focus on the ’Bottom of the pyramid’ constituting an opportunity space that challenges innovation in crafting a value proposition, corresponding business model and strategy that will enable the creation of value in new ways.