Indore: IIM awards four students for outstanding works during internship

Indore: Continuing its eight-year-old tradition, Indian Institute of Management Indore has awarded its four students for their outstanding work during summer internships.

“The institute recognises and awards PGP and IPM participants for their remarkable works during summer internships. The students submit synopsis of their summer projects, which is then evaluated by the faculty, followed by a presentation by the student. This year, four students have been awarded,” said IIM Indore media in charge Ananya Mishra.

Rishi Baijal (PGP 2016-18) bagged the first prize for his summer internship at Philips Healthcare. He interned in the Business Innovation Unit Sector with Philips Good Image Guided Therapy Department located in the Healthcare Innovation Campus, Pune. Rishi’s project dealt with exploring how healthcare services could be rendered on a rental model with an emphasis on rental period and customer incentives. He received a cash prize of Rs 25,000.

The second prize was won by Akhil Santhosh (PGP 2016-18) for his project to create a Go-To-Market Strategy for Rooftop Solar for commercial and industrial spaces. The objectives were to identify primary customer segments (including the top prospective customers) in B2B market, to do in-depth analysis of at least three customer segments by mapping their key requirements and drivers to invest in solar technology, suggesting a value proposition for the customers and an implementation plan. Akhil received a cash prize of Rs 15,000.

The third prize was received by Anam Nuhi (PGP 2016-18) and Sahil Puri (IPM 2013-18). Anam interned at Corporate Strategy and New Business Development Unit at Robert Bosch Engineering and Business Solutions Limited. The project title was ‘Financial Model for Implications of Localisation of Products’.

This was aimed at assessing the impact of localization on market, strategic, operational and financial decisions through the financial parameters. Decision matrix, Scenario planning, and equation formulation formed the fundamentals of the financial modelling to arrive at the result and recommendations for Bosch India Growth Strategy.

Sahil interned with Nestle in the sales department. He was involved in calculating size of prize for every brand and category that Nestle operates in for 53 towns. Sahil wanted to deliver the best possible, hence he did the size of prize calculations in 8 different ways, calculated channel cut data for all brands, categories for 53 towns and two dashboards that could be used by RSMs Nationwide to track opportunity realization. Both Anam and Sahil received a cash prize of Rs 10,000.