IIM Rohtak organizes Management Summit on 7th Sept 2019 on the topic “The Challenge of Change: Embracing it through a Positive Vision”

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IIM Rohtak organizes Management Summit

Indian Institute of Management, Rohtak organized the second management summit of this academic year at its campus on 7th September 2019. The theme of the summit was ‘The Challenge of Change: Embracing it through a positive vision,’ which focused on the challenges posed by the changing business environment to the corporate world and how the companies are evolving and adapting to the challenges posed by them. Leaders from top corporate houses of the world attended the summit.

IIMR Management Summit

Since the beginning, disruptive technological change has been the defining characteristic of the industrial progress towards achieving higher efficiency and productivity. The pace of change continues to accelerate as organizations innovate and adapt to stay relevant in the continuously evolving world. Organizations today are introducing the change with a positive outlook and a vision to provide it with meaning to move it forward. A powerful vision is always followed by immediate action, behavior consistent with the new vision, and a follow-through. Through this management summit, IIM Rohtak provided a platform to scrutinize various change management strategies of diverse businesses in India.

Director, IIM Rohtak, Prof Dheeraj Sharma welcomed the esteemed guests at the Management Summit and commended the students for conducting such summits that facilitate sharing of knowledge and experience. He further added that it helps the student by augmenting their curiosity and prepares them for the future roles in corporate world. He said, “Technology can help in expedition of decision making but it may prevent judicious decision making because it is now scientifically established that use of internet can reduce imagination which is necessary for scientific achievements.

IIM Rohtak Management Summit

Mr. Gurvinder Singh, CFO, Mitsubishi Electric India Pvt Ltd, emphasized the need for a positive outlook and said, ” The shift in the industry has been brought by the introduction of Smart Manufacturing and technologies like the Internet of Things”  

Arun Verma, CHRO, Brightstar, furthering the panel discussion enlightened students with his experience in change management and said, “that the half-life of new technology has come down from 24-years to  4-and-a-half years which is further reducing drastically. To survive and thrive in this time frame one has to gear up for the new technological onslaught..”

Mr. NSN Murty (Partner and Leader, Smart Cities, PwC) emphasized that “technology can help in increasing the ease of living in cities. Automation is leading to job transformation, unlike the predicted job loss.”

He also underscored the importance of the wonders that technology can bring and how imagination is the key to advancement.

Adding to the discussion, Mr. Deepak Ohlyan , talked about the emerging trends like Digital Blankets, Fog Computing, and Internet of Things. He underlined the good side of technological change and how it makes our lives simple. At the same time, he also emphasised on how it has been reducing our attention span.

IIM Rohtak Management Summit on 7th Sept 2019

Mr. Pankaj Doval, Senior Editor, Times of India, adding the media’s perspective, said, “To reach the last mile to provide services, technology plays a big role. This is proving to be effective in targeting and reducing losses. Technology also plays a great role in equitable development and we should evolve with technology to fully exploit its potential.”

Mr. Anil Jena, SVP & Head - Treasury & TSF, OLAM Agro India Pvt. Ltd. initiated the second-panel discussion stating that “Change management is the process of transitioning in a non-disruptive way, so that entire stakeholder come along with the decision to embrace the change .“

Mr. Ramakrishnan of Lodha Group stressed on the fact that though construction industry has been late in adopting technology, it has become a technology-intensive sector presently. Now, technology is used efficiently in all three phase - the Pre-Construction, Construction, and Post-Construction phase.

Mr. Shibin Chulliparambil, CIO, Mafatlal Industries Limited, emphasized that the entire business focus has to change from legacy way of doing business to technology-oriented of management.

The third panel presented exciting insights on the topic “Strategy for Change: What? When? Where?”
One of the panelists, Mrs Sangeeta Sumesh, Mr Financial Officer, Dun & Bradstreet, highlighted the strategies that the firms are adopting for the change and said,”strategic change can be implemented in an organisation by being systematically aware of the pros and cons of the change.”

The summit was also attended by Mr. Rajan Bhandari (CEO, Hitachi Systems MC India & International Business), Mr. Vishwanath PS (CFO, Randstad India), Mr. Souvik Sengupta (CEO and MD, Standard Chartered Investments and Loans), Mr. Nitin Bahl (Director Outdoor Product Management, Signify Innovations India), Mr. Atanu Pramanic (CIO, HINDALCO - ABG Group Company), Dr Yogesh Misra(VP ,Thomas Assessments), and Mrs. Megha Talwar (COO, Allianz Worldwide Partners) amongst others.

IIM Rohtak is now well-established and well-respected in academia and industry. The only IIM in the Delhi-NCR region, IIM Rohtak is a benchmark of management education in India. The institute aims to build the leaders of tomorrow by organizing various events like these to polish the skills of the students and keep them updated about the current trends in the industry, hence bridging the gap between industry and academia.

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