The runners-up were Kaushik Ramakrishnan, Prashant Purushottam and Sarang Malik from Indian School of Business (ISB), Hyderabad. The winning team from XIMB, which called itself The Alexandrian Warriors, received a cash prize of Rs. 250,000, while the runners-up Project O3 team from ISB received Rs 150,000.

Prof. Joachim Schwass, Professor of Family Business at IMD, was in India to attend the summit held in New Delhi, India.

Prof. Joachim Schwass said 70% of all businesses, whether in North America, Europe, Middle East or China, are family owned. In India, around 95% of all registered companies are family businesses or founded by entrepreneurial families. Therefore it becomes imperative that the nuances of relationships be understood and worked upon so that family run businesses run from strength to strength and expand in the global arena.

The central theme for this years summit is Wealth: Legacy, Dimensions, Frontiers.

Confluence 2008 will take a closer look at the phenomenon of wealth creation and its various aspects. With the world submerged in a near crisis situation, the conclave will look at the learning from the past and conceptualize how it can be applied in todays scenario.

Over 200 internship offers were made for a batch of 180 students with 15% of the profiles being offered internationally in North America, Europe, South East Asia, and the Middle East by over 70 prospective recruiters. The average stipend for the internship period stood at over Rs. 85,000 for the duration of the internship, a quantum jump of 60% from the figure recorded last year.Over 45 students will draw a package well in excess of Rs One Lac for the internship period this year.

The 5 of them are among 50 others from all over the world that have made it to the finals. The Final will take place from January 11-14, 2009.

The game is played at in 3 levels.In the first level, players were challenged to develop a small provider of express services into a national champion through sound management decisions.The interactive application asks for strategic and operational decisions and simulates their effects on the business in a realistic manner.The 5 finalist Great Lakers were amongst 500 others that made it past the first round.

The one week seminar focused on Indian business practices, features of the industrial structure, economic policies being implemented at the national level, understanding of cultural issues and the nuances of doing business in India. It included a series of interactive sessions with leaders from business and industry and visits to selected organisations to facilitate participants in gaining a practical understanding and appreciation of Indian business practices, CSR initiatives and sensitivity to cultural issues in the changing global context.

It is now a mlange of case studies, business plan contests, paper presentations and strategy games.

That is the central premise of Infosys Co-founder Nandan Nilekanis upcoming book Imagining India: Ideas for the New Century, which is slated for release on November 24.

Nilekani, who has been a key player in Indias growth story, points out that the countrys future rests on more than simply economic growth; it also depends on reform and innovation in all sectors of public life. Looking closely at recent developments, he examines the ideas and attitudes that have evolved with the times and contributed to our progress, as also those that keep us shackled into unproductive ways.

MBAUniverse.com had published a story on November 21, 2008, highlighting that according to our analysis of answer keys published by four major test prep institutes (IMS - Mumbai, TIME - Hyderabad, Career Launcher Delhi and PT Education Indore), answers to as many as nine CAT questions dont match. Responding to our queries, MBA test prep companies have acknowledged the differences amongst their answers, and have their reasons for the mis-match.
The questions (of CAT series # 111) where the CAT experts are disagreeing are: 39, 57, 58, 59, 60, 61, 64, 86 and 90.

Worry no more because experts from IMS Learning and PT Education leading test prep companies have solved CAT questions for MBAUniverse.com. And they are now available online.
See the answers below. Remember to check what your paper serial number is (there were four test-papers of CAT 08), and then check your scores against the right tables. Share your feedback and queries to [email protected]
CAT 08: Answer Keys by IMS Learning

Q No
Set 111
Set 222
Set 333
Set 444

1
2
3
4
1

2
2
3
1
4

3