Management Development Programme Retail Management Programme in Dubai from December 2011 – May 2012 Indian Institute of Management Ahmedabad (IIMA) Retail Management Programme (A 15 days intensive programme delivered over 6 months) (Last Date to submit your application is Nov 29, 2011) BACKGROUND The UAE's retail sector witnessed a great deal of change over the past 20 years. Gross mall retail space has mushroomed from 2 million in 1996 when the Dubai Shopping Festival started to over 40 million today. Dubai is a retail industry hub for the entire region. The region therefore needs a comprehensive skill and capability development program for retail industry professionals who have honed their skills on the job. This is the prime motive behind this program. PROGRAMME OVERVIEW Indian Institute of Management, Ahmedabad is India‟s best Management School (www.iimahd.ernet.in). This year the Indian Institute of Management, Ahmedabad (IIM-A) is celebrating its Golden Jubilee Year. According to the latest Financial Times (FT) Business School rankings for its Masters in Management programme 2011 and Global MBA RANKINGS 2011, IIMA has been ranked # 7 (Seventh) for its two-year Postgraduate Programme (PGP) and # 11 (ELEVEN) for its ONE Year Postgraduate Programme for Executives (PGPX). IIM Ahmedabad is the only IIM ranked in this list. IIMA has designed this 15 days long intensive Program in Retail Management, customized for the executives of the region. The program will enable the working executives to return to the classroom two days every month and acquire knowledge and specialized skill of the retail industry. OBJECTIVES Most executives in the region have learnt retail management „on-the-job.‟ The program will enable executives with work experience to return to the class room, acquire knowledge of the different principles and frameworks that form the foundation of the retail industry, reflect upon their practical experience, and develop a broad-based foundation to managing their businesses. The delivery of the program is engineered to cross fertilize learning by bringing together participants from various backgrounds, and experiences, developing cross functional skills through intensive and practical curriculum taught by academics and experienced industry professionals. …………………………………………………………………… Testimonials of participants of Earlier Programmes on Retail in Dubai My heartiest congratulations on completion of inaugural batch of MDP in Retail Management with IIM Ahmedabad. Prof Piyush Sinha's indepth knowledge on Retail subjects and practical experience of Dr. Manoj Nakra in Retail Industry which made the whole MDP a memorable experience. I will never forget the last session on Retail strategy at campus of IIMA which has changed my outlook towards the Retail Management. This was the best possible opportunity for me to combine my practical experience with the academics. Deepak Goyal Head of Marketing, Home Centre, Dubai - UAE "I firstly want to congratulate for making such a wonderful course available to the professionals in Dubai and as a non retailer I thoroughly enjoyed the faculty and the way the course was delivered was awesome...! I never would have dreamt of being part of the world renowned institution IIM and it‟s still a hair raising experience being in the campus and undergoing the fantastic learning experience after been working now over 15years...! Knowledge is Power and that was proven once again with the facility provided by Mr. Raj & Dr. Manoj...Kudos for all your guys....Cheers to my fellow classmates and the one's who will be enthralled by their new decision...!" Kesavan Mani Nair Associate Vice President, Eurostar Group, Dubai - UAE I take this opportunity to thank for arranging the Retail Management program in association with IIM-A. I feel great to be associated with IIM-A. The course was indeed very fruitful and informative, enjoyed the time spent with the professors from IIMA. This course helped us to know and understand more about all the dimensions of the Retail Sector in depth and I am sure would prove to be an asset to the future batches who is going to enroll. Once again I express my whole hearted gratitude to the staff of IIMA and SmartGlobal. Kiran S. Nair Retail Marketing Specialist-MEEA, Imation Middle East FZE, Dubai - UAE “In the midst of a busy professional life, very rarely life provides you with an opportunity to enhance your intellectual as well as professional capabilities side by side. The Retail Management Program is such a rarity. Having done my MBA 17 years ago, I needed a refresher as well as a forum to learn the new management techniques and on both the accounts I would definitely rate this program a complete success. The program also provided me with an opportunity to share opinions from varied & experienced industry professionals, thereby enriching one‟s knowledge not only in the retail sector, but also getting an insight into various industry dynamics. If time permits, I would not hesitate to join similar programs in the future. Full marks for offering such an academically stimulating and professionally enriching program. Anyone considering to join, don‟t be a fence sitter, just do it… you will not regret at all. As a matter of fact, you might end up writing a testimony such as this” Sujeet Mitra Director, Uniworld Group of Companies, Dubai – UAE Learning is a powerful incentive for employee attraction and retention at our firm. And, in my experience, there are few Institutes that understand that better or have the education programs to draw upon for senior executives and managers of large firms, than IIM-A. The coaching provided by IIMA Professors is unique in providing me a trusted, high integrity, very senior discussion partner with whom I could regularly discuss ideas, ask opinions, and get insightful, “outsider” feedback which I find quite valuable. It was indeed a knowledgeable experience for my further studies in your esteemed Institute. The course material & faculty are world-class thought leaders and experts in executive learning. They understand, as we do, that our workforce of the near future must be more agile, collaborative, data-driven (including analytics), business savvy, intuitive, entrepreneurial, persuasive, and technology-friendly. I really valued the way faculty interacted with us to create programs that are focused on achieving critical business outcomes. Their courses are leveraged by practical knowledge, with plentiful Cases and Exercises, incorporating a strong action learning approach. I am thankful for an excellent experience thru the design of curriculum to strengthen peer networks throughout the program and their unparalleled quality of the details of the event, down to the venue, food, and other pre- and post-class arrangements, they do a first-class job. Mahesh Chotrani Purchase Manager, JACKY’S ELECTRONICS, Dubai U.A.E …………………………………………………………………… WHO SHOULD ATTEND? The course is appropriate for mid-career professional having 5 years of work experience in retail organization and seeking to revitalize their careers. The course is fairly intensive and the participants will need to commit a certain time every week for self-learning. The earlier programmes have been attended by the participants from companies such as: Carrefour, E-Max, Jackys, Adidas, Pfizer, HP, Harvey Nichols, Home Centre, Imation, Eurostar Group, MAF Fashions, Gulf Optics, Max, FineFair, ALDO, Book Plus, Apparel Group, Baskin Robbins, Toshiba, Kamal Osman Jamjoom, Shattaf Group, Shoemart, AFTRON, Uniworld, United Furniture, Landmark Group, Choithram, IFFCO, 3M Gulf, EROS Group, Sharaf Retail, Sultan Centre-Kuwait, etc. PROGRAM DESIGN: The program is uniquely designed to enhance learning by judiciously mixing class room contact with practical assignments that the participants can implement at their work place. This will enable the participants to implement their class-room learning in the field and realize the practical value and relevance of the learning. Rather the value of the program to the employers will be the tangible impact or value-addition. Keeping in view the requirements of the target audience and given the objectives of providing quality education and delivering the same in a cost effective and convenient manner, the program design comprises learning through both class room contacts and work-place based assignments. The program consists of 12 modules that cover the strategic as well operational aspect of retail management. Each module would be supported by textual readings, cases and exercises relevant to the participants. During the intervening period between the direct class room sessions, when there will be no face to face contact with the faculty, the participants will still have to be in contact with the faculty through email and telephone for guidance and discussion. The program is spread over 6 months. The program would be delivered in 15 days through sessions on 2 days (Fri – Sat) every month (for 5 months), on pre-announced dates. The last module (5 days) of the program will be delivered in the IIMA campus in Ahmedabad. Specific preparations and requirements for each of the sessions would be provided prior to holding of the modules. The program is intensive in nature and will require students to prepare one project report on businesses in the area of their interest. PROGRAM CONTENTS Module / Dates 1 Dec 16 – 17 Topic Understanding Retail Business a. Retail Decision Areas b. Retail Industry Study c. Analyzing Competitive Strategies Retail Consumer d. Shoppers and Their Behavior e. Segmentation and targeting shoppers f. Positioning of Retail Outlets/Chain Finance Management g. Concept of Cost h. Managing Working Capitals i. Understanding Financial Statements Assessing Potential of Stores j. k. l. Category Management m. Understanding Categories n. Developing Category Strategies o. Designing Plans for the Categories Pricing p. q. r. s. Pricing Strategies and Policies Understanding Reference Pricing Price Wars Communicating Prices Supply Chain Management t. u. v. w. Understanding SCM Logistics Management Inventory Management Demand Forecasting Retail Marketing - Building Retail Brands x. y. z. Understanding Branding Developing Strategies for Store Branding Evaluating Brand Performance Buying & Merchandising aa. Developing a Process of Efficient Buying bb. Developing Buying Strategies cc. Developing Buying Plans Retail Planning & Analysis dd. Role of Retail Planning & Analysis ee. Using POS Data for CRM Retail Strategy and Implementation ff. Developing Retail Strategies gg. Implementing Retail Strategies & Performance Management hh. Research Methods for Retail 2 Jan 13 – 14 3 Feb 3 – 4 4 Mar 16 – 17 5 Apr 13 – 14 IIMA Campus (5 Days) May 1 – 5 Details Identifying Demand Drivers Choosing the Correct Format Evaluating and choosing the locations Although every care will be taken to hold classes on the above dates but schedule can change for any unforeseen reasons and new dates will be informed well in advance PROGRAM FACULTY Professors from Indian Institute of Management, Ahmedabad (IIMA) and Industry Professionals would deliver the programme. It would be co-ordinated by Prof. Piyush Kumar Sinha, Professor Retailing & Marketing; Chairperson - Marketing Area; and Chairperson - Centre for Retailing, IIMA. CERTIFICATE A certificate of Successful Participation will be issued by Indian Institute of Management, Ahmedabad (IIMA) to the participants who have completed all the requirements of the program including attendance of at least 80% of the direct class room contacts and submission of all assignments. PROGRAM DETAILS Dates : Program will start on Dec 16 – 17, 2011 & will be delivered on dates mentioned above. Timings: 10:00 AM to 5:30 PM Venue : Dubai with concluding sessions in IIM Ahmedabad Campus. REGISTRATION PROCESS Interested candidates are requested to submit the completed application form before Nov 29, 2011. Enrollments are based on first-come-first serve basis. Seats are limited hence apply asap which will help to reserve your seat in this Most-In-Demand Program. Registration Timelines are : Last Date to submit Application Enrollment Confirmation to Applicants Course Fee Payment by Participants Course Material Distribution to Participants Course Inauguration & 1st Module Class : : : : : Nov 29, 2011 Dec 1, 2011 Within 5 days of Confirmation Dec 8, 2011 Dec 16 – 17, 2011 PROGRAM FEE Fee includes Course Material, Lunch, Tea, Coffee, Snacks, & Certificate. Full Payment : Installments : AED. 18,000.00 (Full Fee to be paid within 5 days of confirmation) AED. 19,500.00 (PDCs need to be submitted within 5 days of confirmation) - AED. 5,500.00 (within 5 days of confirmation) - AED. 3,500.00 monthly payments paid every month for 4 months (cheques dated 5th of every month starting Jan 2012) IIMA Campus Stay for 6 days will be extra, based on actual & charges will be around AED. 2,000.00. Flight Tickets need to be booked by the participant as per the convenience of Airline, Sectors and Class. ALUMNI ASSOCIATION Participants will become members of the IIMA Alumni Association on completion of the programme. The alumni enjoy certain benefits with regard to the Institute‟s publications, facilities, and activities. CONTACT INFORMATION For Registration and any other information, please contact: Rajender Bali Program Manager SmartGlobal FZ LLC P.O. Box 500701 Knowledge Village, Dubai, UAE T : +971 4 367 2244; 050 6521767 E : bali@smartglobalme.com W: www.iimaindubai.org Ms. Revathi Srinivasan MDP Manager Indian Institute of Management, Ahmedabad (IIMA) Vastrapur, Ahmedabad - 380015 Gujarat, India T: +91 79 6632 4071 E: revathi@iimahd.ernet.in; mdp@iimahd.ernet.in W: www.iimahd.ernet.in