Indian Institute of Management, Shillong hosted the first edition of its Business Leadership Summit from September 14 to 16. Themed ‘Refine, Define, and Design Business in a New India,’ the three-day conclave hosted 24 experts from six key domains to give IIM Shillong students keen insights into the industry as it is now and how it is evolving.
The summit was inaugurated by the Governor of Meghalaya, Hon'ble Shri Tathagata Roy who spoke about how leadership was a core aspect of management and motivation, the most important thing that future leaders should learn. Announcing the conclave open, Director of the Institute, Prof Keya Sengupta highlighted the close linkage between industry and academics. Shri Prakash Javadekar, the Human Resource Development Minister of India also congratulated students of IIM Shillong on its first ever business summit, emphasising on the importance of such conclaves in promoting the start-up and innovation culture in India by bringing together the energetic youth and the experienced industry veterans.
The first day witnessed finance industry stalwarts Infosys BPM CFO Nishit Shah, Kotak Mahindra AMC CIO- Equity and Sr. EVP Harsha Upadhyaya, and Value Research CEO Dhirendra Kumar deliberating on the topic ‘Are financial assets the new gold for Indian Middle Class?’ and VP Finance, BSES Suresh Agarwal and Karpe Diem Consulting executive Ninad Karpe talk about whether India could become a 10 trillion dollar economy. One key takeaway from the day was Mr. Kumar’s opinion on cryptocurrency, “People chase things which go up recently- Gold was the then-Bitcoin, but with greater realism.”
The second day of Business Leadership Summit of IIM Shillong saw eminent speakers from HR and Operations domains. Discussing how human resource management has evolved as a strategic partner from a mere supporting functional unit, Caterpillar Inc’s Head of Talent Acquisition (Asia Pacific) Mukesh Tiwari, Eastman Auto & Power’s President & Chief Human Resources Office Satyendra Mallik and Business Head (HR) of Mahindra and Mahindra Financial Service Jyotirmoy Bhattacharya, Colgate Global Business Services’ Head HR (India) Ranjeev Lahkar touched a wide area of topics from diversity to increasing automation in panel moderated by Microland’s Sujitesh Das. Following this, a panel of HR experts comprising Dr. Haresh Chaturvedi from Reliance Industries, Annapurna A from Inspirage, Surinder Kohli from Jaipur Rugs, and Vivek Jain from Kotak Mahindra Bank shared their views on ‘Rebuilding India with a Billion Human Resources’, during which Mr. Kohli warned the future leaders, “Artificial Intelligence is a dangerous game and the need for being ethical is more than ever”. The operations panel that initiated a discussion on ‘Perspective on growing relevance of factoring in behaviours of suppliers, employees and customers in executive decision making’ was also graced by Rashmi Patra, Head Technical Operations – Novartis and Welspun CHRO Rajeev Yadav.
The final day of the summit started with consulting and strategy experts talking about legacy businesses being pushed by startups to reinvent themselves. The eclectic panel featured Former Zee Entertainment Enterprises CBO and Rainshine Entertainment Co-founder Mihir Modi, GATI-KWE’s Corporate Strategy and Analytics Head, Vikas Pawar along with Happily Unmarried Co-founder Rajat Tuli, who shared, “Make a list of things you won’t do. Do an outstanding job of things not on list”. The rest of the day focused on how marketing is evolving to meet the needs of India’s burgeoning youth. Students gained insights about the sharing economy and the experimentative nature of today’s market from GirnarSoft CMO Gaurav Mehta and Ogilvy’s President-North Kapil Arora. To wrap up the three-day lineup of industry veterans, Business Standard’s Sales VP Vijay Kadu and Freudenberg Filtration Technologies India’s Senior VP Anand Singh gave students their expert take on how digital marketing in India was coming of age.
The first edition of IIM Shillong’s Business Leadership Summit thus concluded with the Institute’s students learning through the combined experience of experts from a variety of fields. The young leaders of tomorrow were left with a refreshed sense of motivation to work towards a brighter and smarter India.
(L) Discussing how human resource management has evolved as a strategic partner from a mere supporting functional unit by HR experts. (R) Strategy experts talking about legacy businesses being pushed by startups to reinvent themselves