The University of Virginia Darden School of Business Global MBA for
Executives (GEMBA) today announced the beginning of the program's first
residency in India.
Darden's GEMBA combines distance learning with
on-the-ground teaching and training in five regions around the world - Brazil,
China, India, the United States and Western Europe - to develop leaders who
understand how the global economy and markets operate and who can meet the
challenges of leading global organizations.
The two-week residency in
India, led by Darden's top-ranked faculty from 8 to 22 December 2012, will take
place in New Delhi and Chennai. The residency is designed to deepen
participants' understanding of the Indian market and includes company visits,
classroom sessions, and cultural visits to impart knowledge about the country's
culture, norms and institutions.
"Participants will take core courses on
strategy, decision analysis, marketing and operations. The central theme of the
residency is to understand how to enter and succeed in a new market and how to
innovate in global context," said Yiorgos Allayannis, associate dean for
Darden's GEMBA. "The executives will learn more about what it takes to enter the
Indian market and develop new businesses. They will gain insights into how to
manage uncertainty and risk and build successful joint ventures."
faculty members leading the residency include MasterCard Professor of Business
Venkataraman, Associate Professor Gal
Raz, John Tyler Professor of Business Administration Sam
Bodily, Senior Lecturer Marc
Modica and GEMBA Assistant Dean Larry
Mueller. The professors have developed new case studies about Indian
companies for the residency. The new Darden Business
Publishing cases include "Leonardo Olive Oil," which describes the
challenges Darden alumnus VN Dalmia (MBA '84), chairman of Dalmia Continental, faced
when attempting to expand the distribution network of the company, which
produces and sells olive oil in a country whose people are only now learning the
benefits of cooking with olive oil. The case examines the company's marketing
and brand strategy.
The case "Picante: A Mexican Burrito Bar in India"
chronicles the entrepreneurial journey of Darden graduates Akshay Mittal (MBA
'11) and Gokul Chandrasekaran (MBA '10), who have launched a new restaurant
chain, Picante, in India featuring quick service and fresh, healthy food with a
Mexican theme. The case, which will be taught at the restaurant, discusses
branding, suppliers, operations and the challenge of a startup in India.
Other case studies will incude "Jaikumar Textiles" on quantitative analysis and "Chandpur Enterprises Ltd.: Steel Division" on manufacturing.
To complement the classroom work, participants will visit local companies and
meet with Indian executives. To understand how services and products are
delivered in the country, they will visit local retailers. A visit to Apollo
Hospitals will provide insights into outsourcing medical services and
telemedicine. Visits to a Renault parts factory in Chennai and Maruti Suzuki in
Delhi will explore manufacturing. A discussion of Bollywood will provide
insights into business strategy, and a visit to Genpact will share lessons on
outsourcing. GEMBA participants will also visit the NGO Akshaya Patra, which
feeds more than a million Indian children.
"Through GEMBA, we want
executives trained at Darden to feel ready to operate in any part of the world,"
said Allayannis. "Over the next two weeks, they will gain insights into the
fascinating country of India, with 1.24 billion people, and the business
challenges the country faces."
About the Darden School of
The University of Virginia Darden School of Business is
one of the world's leading business schools, offering MBA, Ph.D. and Executive
Education programs. The unique Darden experience combines the case study method,
the highest-ranked faculty whose research advances global managerial practice
and business education, and a tight-knit learning environment to develop
principled and complete leaders who are ready to make an impact.