Team Name: TresMigosCollege Name: Sydenham Institute of Management Studies, Research & Entrepreneurship Education

Process of discovering, analyzing and solving problems

Ultimate aim is to overcome obstacles and find best solution

Best strategy depends on unique situation Theoretical knowledge is best sometimes and

sometimes creativity and insights provide solution

Identification of problem Defining the problem Forming a strategy Organizing information Allocating resources Monitoring progress Evaluating result

Problem Definition: Placement rate on the campus has reduced over past three years

Mission: To increase placement rate to 120%

Famous companies/Brands not visiting campus for placements

Poor performance of students during internships

Less students placed in good companies and with good package

Decrease in college rating Less intelligent students opting this college for

admission Significant increase in the number of students

leaving the college in middle of curriculum Core job profiles not offered by companies Less package offered

Analysis Method used : Root Cause Analysis

Root Causes : Students lacked industry knowledge Students are not academically sound The academic curriculum is not updated to

include the recent industry trends Absence of TPO this has resulted in many

companies offering less package and big companies not coming to college

Adopt ‘Kaizen’ or Continuous improvement strategy as it believes that a better system is the outcome of continual small changes

Improvements Suggested: Appoint a TPO having good industry contacts Include current industry trends in the

curriculum Arrange guest lectures by industry experts to

bridge the gap between industry and academic knowledge

Encourage students for completing industry specific certifications like CFA for finance

Provide facilities like access to e-library, industry magazines to students

Arrange mentor for students interested in research and paper writing

Form interest group amongst students like finance forum, consulting interest group to discuss relevant field topics

Give students opportunity to work on summer projects and winter projects in industry

Problem solving is a systematic and step wise process

A problem has to be analyzed to understand the root causes

Implement the best possible remedy to solve the problem from the roots