Finquest Seminar and Competition 2023

The Bhawanipur Education Society College organised a seminar on Case Study on September 11th, 2023 from 2:00 p.m. at the Jubilee Hall. This was an initiative taken by IMA (Institute of Management Accountants) and ECO for BE-ITES, a collective run by Economics enthusiasts. The coordinator of the event, Akaanksha Jhakur began the seminar by introducing the collective ECO FOR BE-ITS and spoke of the collective’s goal of making students learn the workings of the Stock Market which functions as a vital source of economy in today’s time. The honourable guest of the Seminar, Mr. Vineet Pawar was warmly welcomed by the Dean of Student Affairs, Prof. Dilip Shah. Prof. Shah addressed all the attendees & explained to them about the changing pattern of business and how academic knowledge alone is not enough to establish a successful business. Critical thinking, development of analytical intelligence, and acquiring knowledge and skill through practical experiments is the way to learn the Economics of the real world.

During his engaging presentation, Mr. Vineet Pawar not only highlighted the importance of Case Study learnin g but also emphasized its practical applications in fostering innovation and the development of new businesses. He actively encouraged students to participate in the upcoming case study competition, fostering a sense of enthusiasm among the audience.

Mr. Pawar took the stage for an informative and captivating 45-minute session. He captivated the audience’s attention with a comprehensive PowerPoint presentation that focused on the three primary objectives of the case study methodology. Mr. Vineet Pawar’s presentation not only imparted knowledge but also inspired the audience with real-world examples and practical insights, making it a truly enlightening experience for all attendees.

The first objective he addressed was the significance of meticulous planning in the Case Study methodology. Mr. Pawar reinforced this point by drawing an insightful parallel to the example of Dave Brailsford, a figure also mentioned in the book ‘Atomic Habits.’ Dave Brailsford, the esteemed former Performance Director of British Cycling, is renowned for his pioneering philosophy of marginal gains. His influence and groundbreaking approach played a pivotal role in Great Britain’s recent domination of the cycling track. Mr. Pawar underscored the value of Brailsford’s marginal gains philosophy in the context of sports coaching, shedding light on how it has been instrumental in transforming struggling sports teams into formidable forces of success on the international stage.

The second objective underscored the concept of “The Power of Tiny Gains,” emphasizing how small improvements can lead to significant advancements. This concept was applied to the ten essential elements mentioned by IMA for conducting case study methodology. The third objective involved explaining how case study projects are conducted within the Institute of Management Accountants (IMA). This included outlining the six characteristics of IMA’s Management Accounting Competency, which encompass leadership, strategy, planning and performance, professional ethics and values, business acumen and operations, technology and analytics, and reporting and control.

The presentation concluded by highlighting the significance of soft skills. Soft skills, such as emotional intelligence, critical thinking, and negotiation, are essential for success in the field of management accounting and case study methodology. Overall, the presentation aimed to provide insights into the planning process, the concept of marginal gains, the key elements of case study methodology, and the importance of soft skills in the context of IMA’s Management Accounting Competency.

Mr Vineet Pawar interacted with the audience and allowed them to ask a few revealing questions regarding the case study methodology. The students cleared their doubts and shared their experiences of using this case study methodology. A few questions about a given case were also addressed to the audience and they gave their best solutions to solve the case. This seminar concluded with the announcement of an upcoming competition on Case Study and our guest, Mr. Vineet Pawar persuaded many students to participate to get a chance to work with IMA if they win the competition. The Dean of Student Affairs, Prof. Dilip Shah felicitated the guest of the seminar, Mr. Vineet Pawar. The seminar ended with a thank you note delivered by our guest Mr. Pawan to our college and Dean of Student Affairs, Prof. Dilip Shah.

Following the Seminar on September 11th, the Finquest case study competition was held on 25th September, 2023 from 2:00 p.m. to 5:00 p.m. at the Jubilee Hall. “Dalton Convention Center: A Beacon or While Elegant?” was the topic of the case study competition. There were 9 teams, each consisting of 3 members whose main objective was to find out the best solutions for the case study within a time window of 7-8 minutes. All of them tried their best to propound their approach by showing a PowerPoint presentation. Sonal Singh and Sai Somya from the B.com Department presented a detailed and precise presentation of the solutions for solving the case provided to them and they bagged the first prize with their competency and skill. They became eligible for participating in the inter-college competition which will be organised by IMA. This competition helped the students to learn about the case study in detail and how to effectively apply it to solve issues one encounters in a business environment and in a competitive business market.

Reporter – Kasis Shaw
Photographer – Suvam Guha