NICOM: Day 2 Snapshot

Session 1:

The speaker for the first session was Mr. Kartikeya V. Sarabhai, the founder and the director of the Centre for Environment Education (CEE). Mr. Sarabhai shared his vast experience with the audience and related to the fact that in nature, we don’t have the concept of waste, its a human concept. Mr. Sarabhai gave examples on how a billion dollar drug was derived from a snake’s venom, how Cuba innovated in times of turbulence, how Kutch developed innovatively after the earthquake of 2001 and even on how BRTS was successful in traffic management in the city of Ahmedabad. “Innovation takes a geometric path rather than linear path”, quoted Mr. Sarabhai. He further addressed the students as to how Nature brings innovation and how to foster that innovation. “The world is running out of resources and we need to think creatively”, he said. He ended with a note of suggestion to students asking them to think creatively and foster innovation.

Session 2:

The speakers for the second session were Professor Neculita from the University of Galati, Romania, Mr. Darma Mahadea from the University of Kwa-Zulu Natal, South Africa and Professor R J Mody from the Institute of Management, Nirma University. Professor R J Mody shared his views on public interest theory, capture theory and on different types of regulations in United States and India. “Developing countries do not need charity, they want to trade”, said Prof. Mody. Professor Neculita gave some valuable insights into the evolution of European economy from the global crisis perspective. Prof. Mahadea shared his experience of how the South African economy evolved and transformed during the times of turbulence while fighting against issues like joblessness, illness, unemployment and inflation. The day ended with the management students of IMNU gaining valuable knowledge from startling speakers as how to manage effectively and efficiently during the times of turbulence.

The track sessions during the day covered variety of themes such as “Emergence of Indian Multinational Companies", “Supply Chain Management Integration”, “Relevance of Corporate Social Responsibility during the Turbulent Time”, “World Economy Evolution from the Global Crisis Perspective”, “Value Based Pricing to Survive in Turbulence”. More than 50 papers were presented during the five parallel track sessions by academic scholars, practising professionals and management students.