The students of academic session 2014-15 of Indian Institute of Management (IIM) Raipur travelled to AlBA Graduate Business School, Athens Greece for two weeks.
The objectives of the visit was to impart all round learning, experience and overall exposure to the students, an institute press release informed.
The visit facilitated understanding Greek culture, vision and human values during formal and informal sessions.
The brain storming session which led to the comparison of overall European and Asian economic aspects was a real eye opener and some exciting conclusions were drawn which made our thought process grow richer over the international domain.
As Greece is undergoing severe economic crises, the European Union is keeping a strict vigilance on the overall dynamics and along with International Monetary Fund, providing necessary financial support to overcome. In order to cope up with prevailing economic crises, the Government of Greece is thereby making strategy via policy changing, promoting reduced public spending to increase savings.
With the in-depth and insightful discussion with faculty, industry persons and entrepreneurs; agriculture, tourism and shipping emerged as key industry drivers. like India, Agriculture is one of the major players in Greece economy. Among the different cultivations, olive and its ancillary products are considered as best in quality across the world. Tourism is another robust source of earning in foreign exchange.
Greece as whole and its capital Athens are of historical importance and natural beauty pull many foreign tourists which ultimately contribute to the GDP of nation. The country has an advantage of being strategically located on global map whereby shipping industry has got advantage. The sea ports are important corridors for transportation to European country and Greece Island, thus providing another source of revenue.
After completion of each technical session, site visits were scheduled to companies from different domains including Cement, Pharma, IT, Incubator centers etc. It was accompanied by insightful presentation made by top officials and department heads of the companies that provided head enriching substance for learning.
Further, sharing of success factors along with reasoning of doom phase of the company helped us to critically analyze the factors of success and failures, the press release informed.