Ramaiah Institute of Management Studies / Sciences organised a Management Seminar on ‘’Management in the 21st Century – Opportunities and Challenges Today on 26 October, 2018. The seminar was designed with the objective of gathering expert opinion on the opportunities available for young managers in the corporate world, challenges in gathering the needed skills and the preparedness for industry 4.0. The speakers for the day were:
- Mrs. Shukla Bose, Founder and CEO, Parikrma Humanity Foundation and TedSpeaker
- Mr. Devender Malhotra, Vice President and Chief Quality Officer, Wipro Limited
- Mrs. Preeja Sreedhar, Corporate Trainer
- Dr. Kumudhini Ravindra, Principal, Strategic Innovation and Research, Innomantra Consulting Pvt. Ltd.
Mrs. Shukla Bose, Mr. Devender Malhotra and Dr. Radha, inaugurated the function. Dr. Radha, Dean, welcomed the gathering; Mrs. Shukla Bose shared personal experience drawn from her illustrious industry background. She emphasised the need for change in political, social and economic system to overcome the crisis in education, employment and empowerment. She highlighted that by 2020, 142 billion people will look for jobs, where 64% will be unemployable. Currently, 10 million people are looking for a job every month. Hence, students have to be prepared for change. Youth have to ‘’accelerate the change’’, think differently and perform with great CLARITY, CONVICTION, COMMITMENT, COMPOROMISE, COMMUNICATION and COLLABORATE WITH COURAGE.
Mr. Devender Malhotra, highlighted that young managers should be techno-savvy. Technology is the future as evidenced with innovations and digitalisation. In his view Technology will turn ‘fiction into reality’’. He also urged managers to think what the technology would be for the next ten years. He mentioned that cognitive intelligence is built into today’s technology and needs to be updated with ongoing technology. He expressed the likelihood that the future bosses may also be robots and would spend their personal time with robots and not with spouses or families. In the near future, 1/3rd work will be done by humans, the rest 1/3rd by robots and the remaining by crowdsourcing. He gave 5 crucial principles- MELDS i.e., Mindset, Experimentation, Leadership, Data and Skills to be among the needed skills for young managers. Employers expect managers to have depth and breadth of knowledge apart from depth of experience.
Mrs. Preeja Sreedhar emphasised on leadership, change, learning and social skills as important for meeting the managerial challenges. She expressed there is a need of leaders whose vision is also to bring change with adaptability and agility. The leader should have Intelligence Quotient, Emotional Quotient and Spiritual Quotient and also be good at Relationship Quotient (RQ), Happiness Quotient (HQ) and Network Quotient (NQ).
Dr. Kumudhini Ravindra emphasised on the challenges of strategic leaders and inferred that the roles of strategic leaders have changed. In the world with lots of choices, expectations, thought processes, instant gratification the millennial job scenario is radically different from the previous generation. Change is ubiquitous across employers, employees and customers.
The inaugural function of the Management Seminar presided by Ms. Shukla Bose, Founder and CEO, Parikrma Humanity Foundation, TedSpeaker and Mr. Devender Malhotra, Vice President and Chief Quality Officer, Wipro Limited.
Students, faculties and Mr. Devender Malhotra, Vice President and Chief Quality Officer, Wipro Limited
Ms. Shuklabose addressing the gathering.