Faculty and students of Management Dept. of I.T.S Ghaziabad attended “India – Korea Business Summit”
Management faculty, Dr. Rajeev Johri and Ms. Bhavna Bhardwaj along with students of PGDM and MBA, attended a day long summit on “The India-Korea Business Summit”, at The Taj Palace, Dhaula Kuan, Delhi. The summit was organized by Department of Commerce and Industry, Government of India in association with Confederation of Indian Industries (CII). The summit witnessed a varied participation from academia, corporate and Government officials. The inaugural session was graced with the presence of Honourable Minister of Finance and Corporate Affairs, Shri Arun Jaitely. Shri Arun Jaitely’s invigorating address covering key policies and issues provided a momentum for the day long discussions on Indo – Korean strategic business relations.
There were six sessions that were running simultaneously, covering Automobiles, Textiles, Food processing, Electronics system design & Manufacturing, skill Development (ESDM), Chemical and Technology and innovation (including start - ups).
The sessions focussed on the current policy and regulatory framework at central and state levels for creating an investment friendly environment for foreign companies. The representatives from different states talked about the initiatives taken up by them for providing an ease in doing business in their respective states. Some of the eminent speakers were Mr. Anant Gangaram Geete, Minister for Heavy Industries and Public Enterprises, Government of India, Dr. Asha Ram Sihag, Secretary, Department of Heavy Industry (DHI), Government of India, Mr. Nirmal K Minda, President, Automotive Component Manufacturers Associations of India (ACMA), Mr. Vikas Jain, Associate Vice President, Hyundai Motors India, Mr. Manohar Bhat, Head of Marketing & Sales KIA Motors India, Mrs Smriti Zubin Irani Minister for Textiles, Govt of India, Dr. Anant Kumar Singh, Secretary, Ministry of Textiles, Govt of India, Ms. Mamta Verma, Industries Commissioner, Govt of Gujarat, Mr. Shin Dong Bin, Chairman, LOTTE Group, Mr. Varun Berry, Managing Director, Britannia Industries Ltd. , Shri Ravi Shankar Prasad, Hon’ble Minister for Electronics and Information technology, Government of India and Mr. Ranvijay Singh, Chief Marketing Officer, Samsung Electronics The future of Services.
Management Faculty, Prof. Alok Singh participated in QIP Short Term Course on Supply Chain Integration- Strategies and Technologies at E- Business Center of Excellence, Department of Industrial and Systems Engineering, at IIT Kharagpur. This short term course was devised to create a platform for discussion on the current and contemporary issues on Supply Chain Management, E- Business, Process Excellence, and Optimization. The course had also allowed the participants to discuss current and pressing issues with senior level executives and academicians and deploy recent software applications in the domain.
Topics for different sessions were, Overview of Supply Chain Strategies and Technologies, Fundamentals of Supply Chain Management, Collaborative Sourcing, Supply Chain Coordination and Contract, E-Auction, CPFR and VMI, Supply Chain Traceability, Collaborative Logistics, System Dynamics, Supply Chain Network Design and Supply Chain Risk.
There were sessions also on software applications in Supply Chain Integrations like MATLAB, SAS, Arc Map, Analogic, I Think Studio, R and Python Programming. All the sessions were taken by senior faculty members of Department of Industrial and Systems Engineering, IIT Kharagpur. All the sessions were very well designed and executed in terms of providing domain knowledge and learning in the field of Supply Chain Integration.
Management faculty Dr. Puneet Kumar and Dr. Indraneel Mandal of I.T.S, Ghaziabad attended two days summit on “New Frontiers Driving Transformation and Growth” was held on 08th & 09th February, 2018 at The Leela Hotel. The summit was organised by AIMA in partnership with the World Bank, supported by the Ministry of Finance, Government of India. Participants included practitioners, academia, corporate and Government officials.
The inaugural session featured Mr Nikhil Sawhney, treasurer of AIMA, as well as Vice Chairman and MD of Triveni Turbine Limited; Mr Vinay Sharma, Dirctor, Global Governance Practice, World Bank; Shri Vinay Narayan Jha, Secreatary (Expenditure), Department of Expenditure, Ministry of Finance; and Shri Pon. Radhakrishna, Minister of State - Finance and Shipping, Government of India. The dignitaries held forth on the importance of procurement in general and its status in India in particular, and the need to develop the area in the light of technological developments as well as the need for economic growth of the country.
The ensuing deliberations over the two days were divided into five plenary sessions. The first session was on SMART procurement through the use of ICT; the second was on blind spots in procurement and contract management; the third on the morning of the second day dealt with sustainable procurement; the fourth covered the use of Public Private Partnership (PPP) methods in procurement; the fifth and last session highlighted the use of innovative methods on procurement. Enthusiastic and knowledgeable participants included Indian and foreign persona - academics, lawyers, corporates and those working in government agencies and departments.
Prof. Nitin Saxena along with Prof. Ankur Ahuja from attended a Faculty Development Program on the theme “A journey from Teacher to Mentor” organized by Delhi School of Professional Studies & Research in association with Divine Group and Global FDP on 3rd February, 2018. The speaker for the session was Mr. Beni Kinha, Nector Factor. Mr. Beni is a famous trainer having more than 20 years experience in corporate training.
The session started with a small activity in which each participant are supposed to discuss their life experience with the neighbor participant. Then Mr. Beni invites each participant and asks each faculty to present a solution/ gist of the discussion. After all participants finished their presentation, Mr. Beni pointed on the retention power of brain and how different people perceived things in different manner.
Management Department faculty members and students attended an international panel discussion conducted by AICTE, New Delhi in collaboration with NDIM on 25th Jan, 2018. The panel was lead by Prof. Dr. Ullrich Guenther and Dr. Susan Gale Wintermuth from Lafansa University, Germany.
The event started with the introduction of AICTE and a the introduction of faculty programme, focusing on how to train students to be a future leader not merely a manager. This was backed by a presentation by Prof. Dr. Ullrich Guenther on Effective Leadership and communication in Today’s Business Scenario in which there were a few highlights, i.e. one leader can be successful in one country but could not be successful in other, planning and concepts of time, style of conflicts and criticism, personal vs impersonal style of communication, hierarchy and most important one is that the happiness of the employees is also important.
The next in line was a presentation by Dr. Susan Gale Wintermuth who talked about Miscommunications that happen. The highlights of her presentation were miscommunication at the top level disputes and arbitration was suggested as best way to solve the same.Examples like DAIMLER CHRYSLER showed that because of miscommunications even the multinationals fail. To be flexible and notice & understand the cultural difference in the only way to be prepared for working in a foreign land.
The questions that were put in front of the panel were, How is Indian style of communication different from German style? What is Indirect feedback? How to bridge the gap of misunderstandings?
The panel discussion ended with the suggestion to “PICK THE ONE MOST SUCCESSFUL STYLE OF LEADERSHIP AND USE IT IN YOUR OWN STYLE”.
Faculty and students were benefited by attending the Panel Discussion
Prof.Shikha Arora and Prof.Parul Gupta alongwith the Director Management , Dr. Ajay Kumar attended Ghaziabad Management Association (GMA) - 28th National Convention at ‘Hotel Radisson Blu, Kaushambi, Ghaziabad on 20th January, 2018 (Saturday). The theme of the Convention was “LEADERSHIP IN AGE OF TRANSFORMATION - An Opportunity for Development”.
Event began with lighting of lamp and SaraswatiVandana. The welcome address and a brief about the theme were delivered by Mr. Amit Agarwal, President GMA and Deputy Managing Director, Ghaziabad Precision Products Ltd. Keynote address was delivered by Dr. T. S. Parmar. He talked about the urgent need for change and shared his mantras to bring about transformation. Dr. NalinSinghal, CMD, Central Electronics Ltd was the Chief Guest. In his inaugural address, he explained the challenges for Leadership in the age of transformation. He shared his valuable thoughts about the various strategies that should be adopted to cope up with the emerging challenges in the VUCA world.
After the inaugural address, Souvenir was released by the dignitaries. The sponsors of the event were felicitated with memento as a token of gratitude. Memento was presented to I.T.S. Mohan Nagar for being a Silver sponsor for the convention.
The convention had two technical sessions and a valedictory session on the sub - themes “Technology & Innovation; Ecology, Environment – Business & Society; and Governance for Sustainable Development.”
Renowned and eminent Business leaders and experts in the field shared their enriching experience on the theme. Eminent speakers for the Technical sessions were Mr. Prashant Singh, VP-product, Paytm, Ms PinkiMaheshwari, Founder, Surprise Someone, Dr. Laxman Prasad, Director R&D,RKGIT group of Institutions etc. It was a good learning experience.
Dr. Shuchita Singh, faculty at I.T.S Ghaziabad attended & presented paper titled " Behavioural Finance: It's Scope And Perspective" in Second International Finance Conference 2017 at Centre for Management Studies, Jamia Millia Islamia, New Delhi on 11th October, 2017.
The conference was divided in four technical session, and the session on Behavioural Finance was chaired by Dr. Timira Shukla, Professor and Dean at JSB Indirapuram and Dr. Amit Sinha, Associate Professor at Amity Lucknow.
The conference was a good learning experience in which participants share their views on the subject.
I.T.S Ghaziabad organized guest lecture on the topic ‘Contemporary Trends in Compensation & Benefits” with reference to Performance management for PGDM (2016-18 Batch) HR specialization students on Saturday, October 7, 2017. Mr. Abhinav Bain, Manager -Compensation & Benefit, Home Credit India, addressed the students.
Mr Abhinav shared real world examples to link performance management with total rewards. He began the discussion with fundamentals of compensation management, factors affecting compensation decisions and moved towards benchmarking of salaries and current compensation terminology practiced in the industry. He deliberated upon the total reward policy and the role played by pay for performance in motivating and retaining the talent. He also helped the students in understanding the bonus calculations with reference to industry & organization growth. He shared relevant insights related to percentage hike given in different industries & types of reward and benefits given to employees at various levels (middle & top) in last few years. He also highlighted the influence of global practices over designing of total rewards policy for a global workforce by using example of Germany, Belgium, Eastern & Western Europe .
The interactive session provided a great learning experience for all participants. The Guest Lecture was coordinated by Dr Charu Chaudhry.