15 Mar 2013|Noida | Amity University Campus, Sector-125 Noida
Amity International Business School organizes International Business Summit and Research Conference- IBSCON 2013
Amity International Business School, a pioneering institution in the field of research, consultancy and teaching organized first of its kind International Business Summit and Research Conference- IBSCON 2013 today on the theme “Changing Lives, Changing Organizations and Changing World – Challenges for Next Generation Global Corporates” at I-2 Auditorium, Amity University Campus, Sector-125 Noida.
IBSCON was inaugurated by Mr. M. Ravindran, Managing Director – Indraprastha Gas Limited; Mr. Sunil Chaturvedi, Executive Director & COO – Bharat Forge Ltd.; Mr. Arvind K Shukla, Executive Vice President – JBM Group; Mr. Sudhir Banerjee, Global Business Director Business Transformation– Honeywell International Services; Ms. Anita Monne, Managing Director – Kashyap Fiat; Mr. Rajeev Kumar, CMD – Proactive Data Ltd; Dr. Balvinder Shukla, Acting Vice Chancellor – Amity University; Dr. Sanjay Srivastava, Dean – Faculty of Management Studies, Amity University.
Addressing the gathering, Mr. M. Ravindran, Managing Director – Indraprastha Gas Limited (IGL) said that no body has imagined the changes which happened in our country in the last 2 decades due to information technology. Now from a 2 year old to a 90 year old, every one has some kind of hand held device. In corporate world also, there were cyclic changes be it inflation, depression in market. The entire world is struggling for a change and only research will make way for the change. With more than 1 billion population of India, consumption pattern of our country is huge; whatever is dumped here becomes a market of the sort. Sharing the business strategies, Mr. Ravindran said that businesses do not happen over night. One has to plan, take statutory permissions and meet bureaucratic issues & other guidelines. In early days, laying of pipe lines were biggest challenge for us but now most of vehicles and households are benefitting from piped gas line. Touching upon the customer delight issue, Mr. Ravindran said that customer has become much more demanding and getting the customer to maximum delight is not an easy task and that’s where technology comes into help. IGL is now having portals and e-billing so that customer can pay bill and raise their grievances and called upon being innovative while addressing customer issues.
While sharing his views on the changing scenario be it personal life or organizational, Mr. Sunil Chaturvedi, Executive Director & COO – Bharat Forge Ltd said that in the next 40 years, the average life span of a person would be close to 76 years which will be most beneficial to Insurance companies. Many researches have shown that by 2050 oceans will be extensive source of food for 9.5 billion people and human body will be fitted with chips which will transact most of the businesses. Antarctica will be open for business and deserts will become tropical forest. Marriages will be changed to annual contract derived from the assumption of present stress level between husband and wife. Legal fraternity will be most beneficial from this trade of annual contract and renewal of marriages, asserted Mr. Chaturvedi.
Mr. Arvind K Shukla, Executive Vice President – JBM Group said that technology will shape the world differently. Future leaders will have the task to build the vision of an organization. It is difficult to imagine how biotechnology and nanotechnology will mould our future but it is sure that one who is most responsive to change will survive. Mr. Shukla said that February 2013 saw the drastic drop of 20-25% in automobile sale. Previously also we thought that Tata Nano will change the face of car market, but no one can depend on predictions. One has to be alert and know how to capture the need and expectations of customer. Biggest challenge is to change oneself; everyone thinks of changing the world but no one thinks of changing himself. One should be flexible to change, opined Mr. Shukla
While addressing the gathering Dr. Balvinder Shukla, Acting Vice Chancellor – Amity University said when we talk about global scenario and competitive environment, every single day brings new challenges and opportunities to the business world. In today’s global competition, Darwin’s theory of ‘Survival of the fittest’ is very apt. Dr. Shukla added that winning every time and remaining ahead is due to the competitive intelligence and proper research of what customer needs, what competition stand and where we stand. Today customer is looking how he is being treated better than competitive brand. In this scenario, research becomes important as it is the base for new products, services & new strategies. Dr. Shukla said that Business Schools help the corporate in providing ideas and solutions with the help of students who are the customers and can provide valuable inputs.
During the occasion, Dr. Debjit Roy from IIM Ahmedabad was conferred with Amity Academic Excellence Award for Contribution in the filed of Production and Quantitative Management. Dr. V.K. Gupta from IIM Indore was honored with Amity Academic Excellence Award for Contribution in the filed of Finance & Accounting. Dr. Vivek Kumar from Jawaharlal Nehru University was conferred with Amity Academic Excellence Award for Contribution in the filed of Cross Cultural Management.
The session also saw the release of Amity Global Business Review, Amity Case Research Journal and Conference Proceedings by the invited Panelists.
More than 200 Research Papers and Case Studies were presented during the Conference. Dr. Teoh Teik Toe – James Cook University Austrlia; Werner R Murhadi – University Surabaya Indonesia and Neetu Kataria – Anglia Ruskin University UK presented research paper on “Examine trade finance methods used by trading companies globally and evaluate their effectiveness”. Ms. Kirti Mishra from Monash University – Australia presented paper on “Exploring the Communication Centered Approach of Performance Appraisal. Mr. Hugh Grove and Tom Cook from Daniels College of Business, University of Denver presented paper on “Lehman Brothers and Bear Stearns: Any Financial and Corporate Governance Differences? Mr Gaurav Singh and Mr. Ajai Prakash from KCA University, Nairobi- Kenya presented paper on “A case study of analysis of case factors related to employee’s retention among organized retail sector in two tier city”
The conference saw huge participation of Students, Researchers, Faculty Members and Senior officials from Amity International Business School and Amity University.