Revisiting HR Practices in the Current Scenario of Optimism The Department of Management organized a two days seminar titled Revisiting HR Practices in the Current Scenario of Optimism on 31st October and 1st November 2010 at I.T.S premises. Mr.Sanjay Diwan, Director –Strategy, AGC Networks was the Chief guest and Mr. Abhay Saxena, AVP-TQM and Training and Development , Hero Corporation was the key note speaker in the inaugural session. There were two technical sessions, followed by a panel discussion on the first day of the seminar. Mr. Sandeep Tyagi, Director – HR, Haier appliances,Dr. H.S, Sharma, DG, Lord Krishna Group, Dr. A. R.Dubey, Professor, Skyline University, Dubai, were the key speakers in the first technical session on Business Leadership while Mr.AviragJain, VP – HR, R. Systems, Ms. Indrani Nath, Reliance Communication and Mr. Himanshu Saxena, CEO and Founder, Maverik Consulting were the distinguished speakers for the second technical session on Empowering HR through ICT. The facilitator for panel discussion was Mr. Murlidhar Shyam, Director – HR, ATC while Dr.P. U.B. Rao, Senior Professor, Mr.Sunit Saxena, AGM-HR, Idea Cellular and Mr. H.S.Yadav, AVP-HR, DS Group were the other members of panel discussion. There was a paper presentation contest for faculty and students on second day. Compendium was also released during the seminar. Papers were presented and were examined by the senior academicians. More than 40 papers from various Business Schools and Universities were entertained which came from Rajasthan, Jharkhand, Uttar Pradesh, Tamilnadu and Delhi. The best papers were awarded with cash prize of Rs.10000, Rs.6000, Rs.4000/- to faculty members and cash prize of Rs.5000, Rs. 3000 and Rs. 2000/- to students.    

This summit was one of the leading platform where business, policy-makers, civil society and academia came together to discuss the current trends and challenges in the Indian business landscape.

This second edition of Business Summit was blessed by Hon'ble Union Minister of Commerce and Industry, Mr. SURESH P. PRABHU with a video message wherein he congratulated I.T.S for organizing business summit on a relevant theme for country and discussed about challenges of a talented individual to become an entrepreneur and then a successful business person in India.

Business Summit witnessed the presence of prominent speakers across the industries on the day. Mr. Hemant. G. Contractor, Chairman- PFRDA addressed the gathering as the Chief Guest and Mr. Pradeep Khanduri ,Procurement specialist, CGN INDIA LTD as the Guest of Honor.

Principal partner of the summit was UN Global Compact and summit was also successful in attracting other partners as Ghaziabad Industries Federation, Centre for Education Growth & Research and Ghaziabad Management Association. Main sponsors of the summit were Cox and king and Eggsperts and co-sponsors were Digiperform, Vision express and Yours pizza. More than 50 delegates from corporate & academia registered themselves. Students from Delhi/NCR showed huge enthusiasm by participating till the last session of the Summit.

The Summit was designed with an inaugural session, keeping focal theme in mind and three different panel sessions focusing on digital marketing, future trends in BFSI sector and role of leadership in revamping organizations for digital age.

Inaugural session commenced with welcome note of Prof Shikha Arora followed by motivational address of Mr. Surinder Sood (Director PR). Dr. Anusha Agarwal gave a brief overview of Summit. After that, Dr. Ajay Kumar (Director Management) set the tone of summit by giving a warm welcome address to all. Mr. Pradeep Khanduri, keynote speaker, beautifully intertwined all three parameters Skill, Speed and Startups in his deliberation. He spoke about internal and external transformation to create an identity as a successful entrepreneur. He also touched upon Internet of Things & Marketing 4.0 to reflect the journey from traditional to digital. Mr. Hemant. G. Contractor, Chairman- PFRDA reproduced facts about demographic condition of India and discussed about the key areas of improvement in financial sectors, pension policies and related challenges in India due to poor pension policies.

Session I

Mr. Anil Kumar (Founder CEO) LOCOVIDA discussed about types of consumers in today’s market, how decision got influenced by various people, how rapidly data getting transmitted on regular basis on the world wide web and insights about digital and intelligent marketing with a reference to Neuro Linguistic Programming and Artificial intelligence.

Mr. Lakshman Kanuga (President corporate affairs) BOTOIL OIL TOOLS INDIA LTD, shared insights about digital disruptions in Oil and Gas industries. He focused upon disruption drivers in form of market dynamics, geopolitical disequilibrium & environmental concerns. He also discussed government initiatives in last 4 years in the field.

Mr. Harsh Kalra (MD) EGGSPERT NUTRI INNOVATION PVT. LTD, talked about journey of an entrepreneur and role of entrepreneurs in building startup culture in India. He provided deep insights related to various challenges of egg industry and value of risk taking in entrepreneurial journey.

Mr. Vipin Singhania (CEO) LSONIC FOODS & SERVICES PVT. LTD, also shared his experience of setting up a venture and the challenges faced by an entrepreneur in initial stages. He briefly discussed about global leaders like Google and Microsoft and their journey to attain the present level.

Session II

Mr. Ajay Deep Khurana (Founding Partner) McKinley Global Advisors took the audience towards cashless economy, which is an outcome of digitization only. He specifically pointed out development in last 10-15 years indicating scope of numerous opportunities & innovation in India. He spoke about digital revolution like Jio and innovations in Indian Banking Sector.

Mr. Amit Sharma (CEO) Satin Housing Finance Ltd. stated various facts about Housing sector with a reference of Pradhan Mantri Awas Yojana Urban & Rural Housing Interest Subsidy Scheme. He also mentioned opportunities in housing sector and shared that already Rs 10.8 Lakh crores are invested in Housing Finance in India.

Mr. Kaushal Mehtani (Senior Finance Expert) at McKinsey & Company elaborated various trends in BFSI Sector and the factors to be kept in mind before investing money. He also talked about Skill development in the form of re skill, cross skill and up skill. He emphasized upon customer relationship in era of Digitization & Artificial Intelligence.

Mr. Manoj Kumar Sabat (AVP) IL & FS spoke about infrastructure use in financing sector with a special mention of Hyderabad Airport Project worth Rs 3000 crores. He discussed various problem faced by infrastructure financing and recent innovative financing Methods.

Mr. Gopal Mondal (CFO) at IDFC Foundation painted image of India v/s Rural India (Bharat) in front of audience. He interestingly pointed towards change in the behavior of consumer after Demonetization & implementation of GST. He said even GST changed the Kachaa - Pakka Business (without invoice) scenario. He also shared latest trends in technology impacting consumers.

Session III

Mr. Annirudha Singh, Group President (HR), Monnet Ispat & Energy LTD spoke about digital revolution, virtual organization & challenges related with them. He said that the decision making will be data-driven along with inner gut & feeling in time ahead and intellectual work will be done by machines.

Mr. Sanjeev Kumar, Head (HR), IPGCL deliberated upon the digital economy & its impact on life of people. He told about Sweden, 1st Country to adapt to cashless transactions. He stated that transactional HR like EPF, PF etc., would be automated in coming time. He emphasized upon technology updation of HR fraternity in order to imagine the future, design the future & align the future with the present.

Mr. Ashish Pradhan, COO, E-SHAKTI.COM (we design, you customize) highlighted his company’s achievement in getting through the World’s top 100 companies for providing the best quality-customer products. He emphasized upon the role of leadership in making a business successful & addressed the various attributes of leaders that are relevant in digital era.

Mr. Prashant Singh, Vice President, Paytm, gave an insight related to ways of “leading in the times of transformation”. He correlated employability & its potential impact on the several industries, e.g. Google v/s Facebook, Hotel v/s Airlines etc. in the form of first order impact & second order impact by taking the reference of technological advancement in terms of AI, block chain, autonomous cars, foodtech, medicines etc. He advised everyone to rethink about the concept of leaders & the leadership in changing times.

Business Summit 2018 ended with vote of thanks proposed by Prof G K Diwedi.

Session 1

Panelists-
• 1. Mr. S. Ramakrishna- Co-Chairman National Manufacturing Council of ASSOCHAM and President- Group Public Affairs Mahindra and Mahindra
• 2. Mr. Ashutosh Chadha- VP and Head Corporate Affairs WIPRO
• 3. Ms. Sudakshina Ghosh- Discreet manufacturing Industry Value Engineering lead SAP India.
• 4. Mr. Y.S. Chowdary- Honorable Minister of State for Ministry of Science and Technology and Earth Sciences, Govt. of India.
• 5. Mr. D.S. Rawat- Secretary General ASSOCHAM

The discussion in the session focused on enhancing innovation and creativity and the policy requirement for the same. It also discussed the importance of focusing on funding the innovation to convert idea to investment. The value of building digital infrastructure and promoting low cost technology to realize the desired objectives of inclusive growth.

Session 2 on Enhancing Innovation and Creativity

Panelists
• 1.Dr. Praveen Arora- Head CHORD, Department of Science and Technology
• 2. Mr. Raja Krishnamurthy- Head R&D India region 3M India Ltd.
• 3. Dr. W Selvamurthy- President Amity Science and Technology and innovation foundation, Amity University
• 4. Mr. Sumant Sood- Head Innovation Titan Company
• 5. Dr. Prabhat Ranjan, Executive Director TIFAC
• 6. Ms. Neeru Sharma- Director of Platform Business Services, Infibeam Incorporation Ltd.
• 7. Mr. Naveen Mathur- Deputy Controller of Patents and Design from Delhi Patent office
• 8. Ms. Anshika Jha- Senior Intellectual Property Adivsor, UK Intellectual Property Office, British High Commission.

This session focused on developing entrepreneurship, innovation and growth, strengthening skills and changes required in the education system from industry perspective. The session also shed light on the importance of IPRs in achieving the desired outcomes related to making India Entrepreneurial, Creative & Innovative.

That is the job of HR, no matter with what name we address it.’ With this interesting and easy to understand' proposition, the first day of the conference commenced that was scheduled for the paper presentation by the students in which total 9 teams presented their quality papers.

The second day of the conference i.e. 21st September, 2013, was scheduled for two technical sessions and one panel discussion in which experts from top industries shared their work-secrets, experiences, foresights and future strategies with the audience and participants.

In the inaugural session of the second day of the conference, the Chief Guest Mr. R. P. Singh, Director – HR & Legal, IFFCO, appealed for bridging the employability gap and advised exercises to keep the body and mind fit for bearing the work pressure. He emphasized that an efficient HR professional should know how to emotionally satisfy the employee and the employer both.

Keynote speaker Mr. Pankaj Bansal quite interestingly elaborated world-wide opportunities and challenges before the HR professionals today. He said that there are 30 HR companies listed in US but in India there is none. He gave an interesting and farsighted mantra to future managers – ‘Never under-estimate yourself in long term and never overestimate yourself in short term’ and advised sincerity, hard-work and attachment with the job.

The inaugural session was followed by technical sessions 1 and 2, in which senior HR professionals from top industries discussed the current HR scenario and different HR functions with an emphasis on traditional and service functions of HR.

The topic of technical session – 1 was ‘Current Scenario of HR’ that was beautifully carried forward by Ms. Harpreet Dutta, Executive Director & Chief People Officer, ABC Consultant, who addressed the participants in an interesting and interactive way. Starting with the questions on the basic functions of HR, she discussed total quality management and said that an HR professional should definitely meet the self-expectations. Mr. Manish Srivastava, Director, Emserve, raised a question – ‘Is your EVP equal to CVP?’ where EVP stands for Employee Value Proposition and CVP stands for Customer Value Proposition. He concluded that customer and employee both are important for any organization therefore the employee should have a feeling that the HR department of the company is responsive to them. Mr. N. C. Sharma, Head-HR, Country Inn, was another appreciated speaker of the first technical session who started with the primary functions of HR and said that the way your employee feels is the way your customer feels. He strongly supported the views of Mr. Manish Srivastava, his co-speaker.

The second technical session commenced after the lunch. The topic of this session was ‘Difference in HR functions: Traditional v/s Services’. Mr. Rup Kumar Sengupta, Director HR, PSI started the session with the comparison of traditional and service functions of HR and forecasted future expectations from HR. He advised tactical and proactive approach in all actions with the focus on need. Second speaker of the second session was Mr. K. R. Kaushik, Head – External Affairs, Gujrat Fertilizers, who initiated his address with the question if human is a resource or the controller of resources. He, after comparing traditional and service functions of HR, discussed the role of HR as facilitator in service sector. He advised no discrimination among employees saying discrimination brings disasters.

The two day National conference came close to the conclusion with the panel discussion on the ‘Nature of HR Function in 2020’, which was intelligently and interestingly moderated by the area chair Dr. P.U.B. Rao. The speakers in the panel included Prof. R. P. Ojha, IMI, Delhi; Dr. Subhash Masters, Advisor, Human Capital and Dr. M. S. Rau, Executive Director, ISTD. Moderator Dr. P.U.B. Rao started the discussion with the expected nature of HR function in 2020. He broadly pointed out that future will have more corporate psychologists but the basic functions of HR will remain same. He gave an interesting example of cars saying that we have sophisticated cars today but whether new or old, all cars have a steering, four wheels and a windscreen etc. The proposition put forth by Prof. Rao was followed by Prof. R. P. Ojha who forecasted that in future HR functions will shrink but opportunities will increase. He gave an example of emails which were warmly welcomed years back but are now considered as outdated because people now want instant response devices. Similarly, HR functions will also change and we need to prepare ourselves. Dr. Subhash Masters started with a relieving line that whatever may be the name but HR functions will always be there. He emphasized the need to understand the business models especially the beneficial ones. Dr. M.S. Rau shared his views starting with an interesting note that everyone should have some extent of HR in oneself. He expressed his disappointment for just fire-fighting contemporary functions of HR instead of post-mortems i.e. analysis of cause and consequences. He appealed for redesigning HR functions and refocus on customer satisfaction. This successful panel discussion not only presented eye-opening facts before the participants but also gave them a chance to get their queries and apprehensions answered by the experts.

Soon after the panel discussion, valedictory session of the conference took place in which best research papers were awarded with a trophy and a certificate. The first prize was won by the team of Rahul and Sneha from I.T.S Institute of Management, Greater Noida; second prize was won by Pradeep & Monika, the PGDM students at I.T.S, Ghaziabad whereas third prize was bagged by Jalhaj Auny Tawlatt of Stratford University, Delhi campus. Director-Management Dr. B. S. Hothi congratulated the winners, presented the conference overview and the formal vote of thanks. He also congratulated area chair Dr. Rao and the conference coordinators Dr. Puneet Mohan & Dr. Charu for the smooth and effective organization of the conference. And with this, the two day National HR Conference ‘Responsive HR’ ended meaningfully and successfully.

The conference was inaugurated by the Chief Guest Dr Jitendra Kumar Das Director School of Management, New Delhi. Dr A K Puri Director General, delivered the welcome address followed by conference overview by Dr Puneet Kumar.

During his keynote address Dr. Jitendra Kumar Das discussed how management governance and ethics are interrelated to each other. Dr Das discussed how initially computers came into being in India and discussed the evolution of computing Technology and very aptly highlighted the end user and the technology interface. Dr Das also talked about how technology can be used to increase efficiency. He emphasized that entrepreneurial activity is killed by too many regulations and freedom to do new things, he emphasized that how entrepreneurial activity has become social driving force in our country to empower the youth and creating the employment in the economy.

Technical Session:

The technical session was attended by distinguished speaker from the Academics.

Dr Kanhaiya Singh professor GLA University, Mathura, Dr Alok Pandey, Professor Lal Bahadur Shastri Institute of Management, New Delhi, Dr D K Batra Professor IMI, New Delhi, and Dr. Rakesh Mohan Joshi professor IIFT New Delhi was the main speakers for the session.

The first speaker was Dr. Kanhaiya Singh and he spoke on how banking can change the entrepreneurial ecosystem and how banking can be used to transfer the benefits especially in the social sector to the needy one in the rural areas.

The second speaker, Dr Alok Pandey has his main focus on how various financial services have evolved over a period of time and have become an integral part of overall development in our economy.

Dr D K Batra, discussed how marketing and various aspects of marketing can be used by various start-ups and the existing players in the economy. He said that management governance and entrepreneurship are somehow related to each other and they need not to be seen differently.

The last speaker was Dr. Rakesh Mohan Joshi wherein he emphasized how international trade is evolving over a period of time. He also emphasized on the urgency and the need to create a system where in government should promote exports and make the balance of trade more favorable in the long run.

The third session was research paper presentations by participants from various institutes more than 20 papers were presented in different categories of Management function like Finance, Human resource, Marketing, International Business, Information Technology in Management and General Management.

Best paper award was given to
• 1. Samiran Jana in Finance area
• 2. Chirag Malik in Marketing area
• 3. Prof. Sonika Sharma in Human Resource area
• 4. Prof. S.K Tannan in General Management area

Conference came to an end with a valedictory session wherein each winner was given a certificate and a citation for best paper in its category.

Conference ended with a vote of thanks given by Dr. Surendra Tiwari.

This conference was an initiative to bring the research, academia and industry on the same platform to discuss the various initiatives and consequences of brands and its management. More than 500 researchers and scholars from across the globe have joined at this international conference, which was being further supported by Adobe and Emerald as digital and knowledge cum printing partners of this international conference research proceedings. This two days international conference widely addressed the issues of startup branding and valuation, Public sector branding, branding by not for profit organization, technology branding, b2b and ethical branding.

The conference was jointly inaugurated by department of management studies of IIT Delhi along with Curtin University, Australia. Dr. Harish Chaudhary, Dr. Mahim Sagar, Dr. Kanika Bhal, Prof. sushil , Prof. Ravi Shankar, Prof. S.S Yadav, Dr. S.K. Jain, and Prof. Tony Travaglione , Prof. Lucey, Prof. Camerford, Prof. David Groth are the few names who were available there during the two days international conference.