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International School of Informatics &
Management (IIIM), Jaipur, witnessed the gracious presence of Prof. Devi
Singh, Director, IIM, Lucknow, on Saturday, November 11, 2006.
Prof. Singh delved upon the various
aspects of “Managing in the emerging environment” through his
Power-Point presentation.
Management canvas is changing fast. But
“When the times are tough, the tough gets going”. The business
organizations need to keep themselves abreast of these changes in
technology, structure, capital and people. They need to build the
perspectives to ignite the minds of the people. Prof. Singh described
good decisions as the building blocks of good management which
themselves rest on the past bad decisions.
The contemporary world is full of
opportunities. There is an incessant race for survival. As we forge
ahead in the name of progress, growth and development, we have to accept
that change is a must and is quite inevitable.
He described the business world and
financial markets as an enigma. Prof. Singh offered an insight
into the emerging scenario, global economic challenges, the technology
canvas, managing talent, global concerns and the place of India in the
global economy. He quoted thoughts of famous people to support that
“Barriers are in the minds of the people”.
Taking cue from the contemporary cult of
‘change and innovation’, we have to put our thinking caps on and have to
create an attitude to lead change instead of managing change. He said
that the markets are becoming seamless. There is global integration of
world economy and there is a need for humane globalization. The managers
need to map the consumer brain and develop relationship marketing. Prof.
Singh elucidated that the best way to beat competition is not to beat
it. We have to break out of this bloody red ocean of cut-throat
competition and to create a blue ocean of untapped market space. We have
to grow by cutting costs and perfecting the existing systems.
Prof. Devi Singh expressed that the
future belongs to India, through his interactive session bolstered by
practical evidences and stories, Sir embodied the spirit of enquiry to
augment the richness of the lecture and unraveled the strategy mix in
this new paradigm. The long term success depends on sustained efforts
and capacity to anticipate and adapt to changes.
He ended on a high note saying that
“Dream, explore and Discover” should be the future course of action. |