The IIM Group Discussion and subsequent Personal Interview has become one of the most used methods for screening of candidates for the IIM MBA admission procedure. Cracking the GD/PI requires similiar preparation as made for the actual CAT exam.
To prepare adequately for the IIM GD process one should begin with the following tips:
1) Start acquiring knowledge of solutions: Don't read the news papers merely to understand what's going on. If you are reading about the growth of Special export Zones in India and the Nandigram violence - then make the effort to understand how it could have been avoided.
2) Understand who are the concerned parties: try to delve into who really has an interest in the issue at hand. That the entry of Financial institutions in the real estate sector will affect the consumers is old story, why is the RBI concerned and what are the reasons it is concerned. That will lead you into the Group Discussion content nirvana
3) Find out key issues: The IIM's tend to keep Group Discussion topics and case studies based on contemporary topics. So know issue like why inflation is the buzz word not only in India but also the US economy and why it has an effect on the USD/Rupee rate and on the trade deficit.
4) Keep it vast and keep it simple: Abstract topics are also a favourite of the IIM's for the GD and individual extempore. Make sure you have a complete awareness of the major aspects of the economy as well as the world. One way to start is to examine which industries are witnessing the majority of Mergers and Acquisitions i. e steel (TATA- Corus, Arcelor-Mittal), aviation (Jet-Sahara, Kingfisher-Deccan, banking(ABN-AMRO- Barclays, Reuters-Thomson) and understand the rationale for the interest in such industries.
As you can see clearly, the preparation required is exhaustive and detailed. The IIM GD process involves having good quality content based on economic concepts and news to win at the IIM Group Discussion