EMBA Students Learn Valuable Lessons on International Trip to India
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“Each trip is designed to tell a story,” said Laurie Walker, program director for Kent State’s Executive MBA programs. “It changes as we go and changes as world events change.”
This year, 20 students traveled to India to witness how companies of varying sizes employ such a large population in the country’s emerging economy. The group visited and heard presentations from companies ranging from small startups within India to branches of larger corporations from the United States.
Here are some of the key business lessons students learned about on the trip:
Employee Relations and Production Balance
Students first visited the U.S. Consulate, where they received an overview about doing business in India and how it compares to business in the United States.
From there, the group visited the Ford Motor Company, which has had a presence in India for nearly 17 years. They learned how the U.S.-based company has created additional opportunities for locals through employee relations such as providing free daycare and higher wages in its facility.
Executive MBA students were also able to look at the company’s sustainability in business, as well as how the company utilizes automation in its processes.
Next, students visited a silk co-op. Located in a small city, the co-op allowed students to see how smaller companies optimized production with equipment such as handlooms.
Company Growth in an Emerging Economy
Srinath Rajam, the CEO of TVS and Owner of TVS Motor Company, spoke to students about how he grew his family’s privately owned business and later launched his own business within the country’s economy.
Similarly, a representative from KPMG in India shared how the company utilizes offshoring for a few of its functions – such as audit services, business intelligence and risk management – to help provide global services to its many customers.
International Marketing Segments
One of the other major corporations the group visited was the Nestlé R&D facility in Masenar. There, students received an overview of India’s market segments and how to position a company in a variety of segments.
Special thanks to Dirk Hayhurst for the great pictures.