Thesynergyonline Management Bureau

NEW DELHI, SEPTEMBER 03 :
RIDING on the success of the first session of its 'Wisdom on the Board' lecture series, Asia-Pacific Institute of Management, New Delhi, a management institute in India, invited Mr. V.K. Gulhati, Director (Technical) of Steel Authority of India (SAIL), to interact with the faculty and to address senior PGDM students on the current relevance of the topic "Present Challenges and Opportunities ahead for Indian steel industry and special focus on SAIL".

"Wisdom from the Board" lecture series is aimed at providing practical knowhow's of how the corporate world functions. With an insight straight from some of the industry veterans, the students will have to crystallize concepts to enhance the thinking process for better quality decision-making and sustenance in the competitive scenario.

Dr D K Banerjee, Director, Asia-Pacific Institute of Management, New Delhi and Dr. Satyanarayan Dash, Senior Professor and President (Corporate Affairs) facilitated the esteemed dignitary.

Dr Dilip Kumar Banerjee, Director, Asia-Pacific Institute of Management, said, "We are happy to have amidst us, a true specialist from our industry itself, who is a part of an organization, which has been contributing to the Indian economy at large. We thank Mr. Gulhati for taking time out of his busy schedule and share his valuable insights with our faculty and students. "Wisdom from the Board" is an endeavor to sensitize our students about the pros and cons of the corporate world by holding such lectures from the veterans of the industry."

As part of the lecture, Mr Vijay Kumar Gulhati, said, "It is indeed a great honour to come here and address the budding managers of intelligent India. Steel Authority of India Limited has undertaken a massive journey to be what it is today. SAIL is the largest manufacturer of steel in India. With an authorized capital of INR 5000 crore, SAIL has 37 branches, 67 warehouses, 26 customers contact offices and 2500 dealers across the country. 85.82 percent share is owned by Indian Government and one of Maharatna PSU's. The principal drivers of steel demand are construction, automobile and auto components, infrastructure, and consumer durables".

"During the economic meltdown also SAIL has been posting excellent results with a turnover of $10 billion as well as retaining its 20 percent market share. This has been the result of excellent disaster management conducted by the entire team. Infact the existing capacity is 12.84 million tonnes; by 2013, we attempt to produce a total capacity of 21.4 million tonnes and by 2020, about 60 million tonnes.

In a constantly changing scenario, we need to upgrade time and again so as to retain our dominant position in the market. With India the fastest growing economy in the world, there are ample amount of opportunities that are showing up which needs to be tapped because opportunity once missed cannot be retained again. It is equally important to leverage strong points and overcome weakness if we want to beat the odds and come out triumphant", he added.

The first lecture of the series was delivered by Mr B P Rao, Chairman and Managing Director of Bharat Heavy Electricals Limited. The motive of the corporate interaction was to instill confidence among budding managers to dream about working and heading for Indian PSUs.

The lecture was organized as a part of enhancing the industry interface with the students of Asia-Pacific. (editor@thesynergyonline.com) 

Thesynergyonline Management Bureau

encourage the employee motivational programs in the organizations specifically in manufacturing and services industry.

The award has been instituted in association with Indian Oil Corporation and MERCER as the knowledge partner.

For the year 2010, "Marico " won the AIMA’s award for Best Motivational Practice under the Manufacturing category and "Blue Dart Express Limited" under the Services category.

The day II of the summit was loaded with power-packed presentations, lectures and panel discussions by eminent speakers and started with a session on best motivational practices in manufacturing and services, chaired by Mr V C Agrawal, former Director (HR), Indian Oil Corporation , who underlined the fundamentals of implementing various motivational practices and tools in lines with the global industry trends and urged that people must grow from within to achieve overall growth.

Mr. L. Syam Prasad, Head-Manufacturing, Marico , said, “In today’s dynamic environment where people want to grow at a faster pace, it is important to look deeply into their demands and expectations by continuously improvising the organizational communication. We must give freedom to our employees so that they can think and come up with simple solutions to difficult problems at the workplace.”

He further explained how Marico has deployed several employee benefit and social engagement programmes at the local level so as to motivate them for doing their jobs efficiently.

Mr. Barttanu Kumar Das, VP & Head-HR, Blue Dart Express . also stressed on ‘People First Approach’ through which employees could be motivated to work with pride and passion for the organisation. He further added, “Regular feedbacks, internal communication systems, employee support mechanisms, rewards and recognition are some of the basic tools that could ensure employee’s loyalty towards the organisation for a longer period of time.”

In the session on Embedding Leadership Development in Organizational Culture, session chairperson Mr. Dr. P. V. Bhide, President (Corporate HR), JK Tyre & Industries , said, “It is not necessary that high performing people are also the ones with high potential. It is very important for a corporate to strictly filter and screen the job candidates especially to be chosen for a leadership role. It is also important that young managers should act in a proactive manner to take their career on a desired path and must not only be dependent on their employers to come up with talent enhancement programmes .”

Mr. Krish Shankar, Executive Director-HR, Bharti Airtel, said, “Talent management should become the integral part of a company’s policies that could later be transformed into wonderful success stories. Apart from the behavioral skills in a person, functional skills are equally important in choosing a leader. We must also ensure the leader should have the right kind of experience and can sustain and grow with its team in a competitive environment.”

 Dr Joseph George, General Manager-Corporate HRD, Wipro , explained the process of leadership development practiced at the IT giant Wipro . He said, “Spotting a leadership, building the leadership and then honing the leadership forms the core part of the program at Wipro and the top level management ensures the process of the leadership development is devoid of any road-blocks and shortcomings.”
 Mr. Anil Sinha, president (HR), Hindalco Industries . was of the view that leadership is not a one way process but involves a multi-level approach and cross-functional roles.
 

AIMA’s 9th National HRM Summit effectively demonstrated the potency of HR for developing and sustaining human capital in an organization, especially in a current scenario when India is suffering from a huge talent crunch. The experts through this programme catered to critical issues related to HRM by taking real life examples and outlining the challenges faced. AIMA’s 9th HRM Summit provided opportunities for learning through sharing of experiences of business leaders that have championed HR innovations to achieve sustainable growth.

 The quote - ‘Markets are global but the management is local’, by Mr. P. Dwarakanath, Director (Group Human Capital), Max India , became the centre of discussion in the sixth session of the summit on ‘The India story going global’, chaired by Mr. Rajeev Dubey, President (HR & Corporate Service), Mahindra & Mahindra and in the presence of panelists Dr. Y. V. Verma, COO, LG Electronics India Ltd. and Mr. S. Balasubramaniam, Senior Vice President and CFO, Zensar Technologies Ltd.. The session focused on various mergers and acquisition strategies being employed globally and their effects on organizations and its people so far.

 Mr Dwarakanath said, “As Indian corporates are acquiring outside India therefore there is a need to have a global outlook, and this could be achieved by adopting the local cultural practices. It is important for any company to translate its value system to the lowest levels of operations and achieve harmony amongst the employees working towards the same cause.” Further, in his impactful lecture,

Mr. Dr. Verma, said, “Nationality has lost its relevance due to increasing globalization. For a company to grow big, small loop-holes are to be filled first and the decisions such as where to fight and where to collaborate holds the key to success in this highly competitive environment. Further to this, Mr. Balasubramaniam, explained the importance of acting fast after pre-pondering on the pros and cons of any merger & acquisition deal.
 

The last session of the summit was on Transforming The Hr Function For The Next Level Of Growth – in which distinguished panelists Dr. Anadi S. Pande, Vice President (HRM & Corporate Planning & Strategy), Hero Honda Motors.; Mr. V. Ramachandran, Director-HR, Motorola; Mr. Arun Sehgal, Executive Vice President-HR, GSK Ltd.; Mr. Anil Sharma, Vice President (HR), ITC Hotels. held a note-worthy discussion on performance management systems, practicing right HR metrics and pay for performance mechanisms. (editor@thesynergyonline.com) 

Thesynergyonline Management Bureau

From L to R : Ms. Rekha Sethi, Director General AIMA; Mr. Bhaskar Chatterjee, Secretary, Ministry of Heavy Industries & Public Enterprises, presenting AIMA IOCL Award for Best Practices in Management in services sector to Blue Dart's Barttanu Kumar Das, Sr. Vice President & Head HR; Mr. Yogi Sriram, Executive Vice President, E&C, (L&T) Summit Director; Mr. Fermin Diez, Asia Pacific Business Leader, MERCER Human Capital (Consulting) Business

NEW DELHI, AUG 20 :
“THE role HRM has been evolving and there has been a significant shift towards the knowledge base working models especially in the manufacturing and services sector. Nowadays the gap between the Gen X and Gen Y has shortened by process of reverse mentoring,.” said Mr Bhaskar Chatterjee, Secretary, Ministry of Heavy Industries & Public Enterprises, at the inaugural session of AIMA 9th HRM Summit

He further added that, the public sector is on a evolutionary track by putting the performance based pay packages in place, thus making the managers more responsible, than before, for taking the business forward.

Giving away the Summit Overview, Mr. Yogi Sriram, Executive Vice President, E&C (L&T) & Summit Director said, “AIMA’s 9th National HRM Summit could demonstrate the potency of HR for developing and sustaining human capital in an organization, especially in a current scenario when India is suffering from a huge talent crunch. The experts though this programme will cater to critical issues related to HRM by taking real life examples and outlining the challenges faced."

"The problems related to the HRM could be dealt effectively by employing innovative tools and practices such as global talent mobility, which could easily address the talent shortage. AIMA’s 9th HRM Summit also will provide opportunities for learning through sharing of experiences of business leaders that have championed HR innovations to achieve sustainable growth,” he added.    

For the year 2010, "Marico " won the AIMA’s award for Best Motivational Practice under the Manufacturing category and "Blue Dart Express Limited" under the Services category. Mr. L. Syam Prasad, Head Manufacturing, Marico and Barttanu Kumar Das, Sr. Vice President & Head HR, Blue Dart Express Ltd. received the prestigious from Shri Bhaskar Chatterjee. 57 organizations both from the public and private sector participated in the contest.

Mr Rekha Sethi, Director General, AIMA while giving away the welcome address said, “AIMA's HRM Summit has created a significant impact amongst practitioners of people management since a long time now. Business schools and researchers across the globe are involved in research to come-up with new HR practices that could make HRM as an essential part of any business and help the business grow by strategically aligning with the other key processes.”

The summit is in its 9th year and addressed critical issues related to the HR management – the theme of the event was “Positioning HR to Create Value and Catalyze Growth” - Achieving more with our demographic dividend. In the current economic scenario the HR has to undergo the process of transformation to take a more aggressive role and become a core strategic partner of the businesses.

The Summit is being conducted in an experience-sharing interactive mode, encouraging high level of active participation by delegates. More than 400 delegates, which is a record number, including HR professionals, CEOs, academicians, business consultants and students across India are participating in the two-day summit.

Presenting a global perspective Mr. Fermin Diez, Asia Pacific Business Leader, Mercer Human Capital, said, “India is unique in terms of the challenges that it faces in contrast to rest of the world, henceforth, we must work to suggest customized solutions to the problems that are often faced by the Indian corporates. Roadblocks such as new aggressive demands, tougher growth, falling loyalty levels of the employees etc. should be met by implementing innovative workforce strategies and its is important to percolate a strong value proposition amongst all the employees.”

The session I - CEO’s Panel, chaired by Mr. Yogi Sriram, was focused on positioning HR to create value and catalyze growth, had Dr. A. K. Balyan, MD & CEO, Petronet LNG Ltd., Mr. Bhaskar Bhat, MD, Titan Industries Ltd., Mr. Rohtash Mal, ED & CEO, Escorts Ltd, Agri Machinery Group, Mr. Harshu Ghate, Co-Founder & MD, ESOP Direct, as the panelists. During the session the panelists shared their views, personal experiences and various other HR practices that were instrumental in determining the right talent.

Ideas such as HR people should have a core understanding of the business of their company and should be well aware of the key areas of concern that are interfering with the growth of the business. Only this could enable the HR manager to hunt for the right talent, who could become the best fit for the organization and deal with the problem areas effectively.

Increasing role of women at various levels of operations especially in manufacturing and services sector was also discussed during the session. The session put forward some powerful ideas that could efficiently and successfully meet the social aspirations and expectations of the employees by extending an environment of complete transparency in the organisation.

In the second session, Mr. Bharat Wakhlu Resident Director, Tata Group, focused on the talent supply chain critical for the next level of growth and peeked into the problems that the Indian corporate sector is currently facing because of a shortage of skilled talent.

Mr. Aquil Busrai , former Executive Director (HR) IBM India Ltd. & CEO, Aquil Busrai Consulting believes that there is great requirement of Academy and Corporate to come together to develop curriculum and courses that would be more in line with Industry requirement. For this, he suggested that, academic staff should have the right industry experience and corporate should engage with the academicians to redesign the management courses.  He also believed that there was greater attrition today as people do not get the right value proposition of the company.

Mr. Yogi Sriram, suggested that there is a great requirement of proper career counseling at very early stage so that students become more aware and could choose careers best suited to them instead of being herded to popular courses. He further added, that corporates needs to get out of the stereotype mindsets and give an equal opportunity to all; irrespective of their educational backgrounds or area of study provided they had the required domain knowledge. (editor@thesynergyonline.com) 

Thesynergyonlinme Management Bureau

NEW DELHI, AUG 14 :
MBAuniverse.com, in association with leading business schools and management education fraternity, organized Indian Management Conclave - 2010.which was centered on the theme-It's time to "Rethink and Reboot the Indian management education sector." The conclave was inaugurated by the Minister of State for Corporate Affairs Mr Salman Khurshid.

The occasion was marked by the presence of Dr Bakul Dholakia, former director of IIM-Ahmedabad, directors of IIM-Indore, IIM-Kozhikode, representatives from leading B-schools, corporates, knowledge companies and delegates of education institutes from around the world. IIM directors, educationists, B-school deans, international faculty and education companies converged to debate the state of 'Indian Management Education'. Indian Management Conclave and MBAUniverse.com will play a vital role in this discovery and transformation. "

Mr Khurshid said , "I am glad that the management education fraternity has felt the need to relook at the MBA education in our country. And it is important that we attempt to enrich management education through forums such as the Indian Management Conclave." He also added that "world-class management education is needed in India to attain the Indian Vision 2020, India as global super power".

Experts from MBAuniverse.com suggested that the Indian management education needs a major overhaul if the country is to produce effective manager and leaders for tomorrow. In the current scenario regulatory changes, growth in the Indian economy, a culture of entrepreneurship and the impact of digital technology in testing and learning has created unprecedented opportunities. Yet, the sector also faces serious challenges due to unmet stakeholder demands.

"Indian management education is in the midst of massive transformation. There has been a boom in the last decade, but in the last two years, there has been a massive churn. Many institutes are shutting shop due to unmet stakeholder demands. Recruiters are unhappy with the average quality of MBA output," said Mr. Amit Agnihotri, Chairman, MBAUniverse.com. He added, "However, there are many positive trends too: India is emerging as the hub of global management practices and innovation. Corporates are much more serious about their talent management, and technology is ready to transform the sector. I, therefore, believe that the Indian MBA education can be a global brand, which attracts the best students, faculty and recruiters from the world."

While the MBA sector has experienced significant growth in the last decade, the level of dissatisfaction amongst both corporates and students is on the rise. There are, of course, many high quality management education institutions in India, but institutions at the bottom of the management.

Education pyramids are often unable to meet quality standards and are characterized by student churn, weak infrastructure and inexperienced faculty. Effective and Efficient Management Education is probably where the answer lies - and hence the need to Reboot and Rethink on the Indian Management Education.

On the occasion, MBAUniverse.com released the Indian B-school rankings 2010, which were conducted under the Chairmanship of Dr. Bakul Dholakia, former director of IIM, Ahmedabad and Advisor, Adani Group. The rankings will be published on MBAUniverse.com.

"As a participant and keen observer of Indian MBA education sector for the last four decades, I feel that MBA education sector in India is at the cusp of a major transformation. Today, Indian B-schools are facing formidable challenges, but they have great opportunities as well. MBAUniverse.com MBA Rankings will study how our leading institutes are responding to the rapidly changing scenario of Business Education in India and emerging as winners. I am sure this unique ranking exercise will help all stakeholders in not only recognizing the leaders, but also in making well informed decisions," said Dr. Dholakia.
The Indian Management Conclave saw participation from some of the best known education players from around the world viz. GMAC (owners of GMAT), Harvard Business Publishing, Prometric, NIIT, Prometric, Future Group, and Educomp among others.

The eminent panel of speakers discussed various aspects of management education - 'global MBA trends'; 'challenges facing Indian MBA sector' and 'future of MBA' in India and globally.    (editor@thesynergyonline.com) 

Thesynergyonline Economic Bureau

From L toR : Dr. Sanjeev Chopra, IAS, Joint Secretary, Ministry of Agriculture & Mission Director, National Horticulture Mission; Mr. Aseem Kumar, Dy. Director, (CMD), AIMA; Mr. S.L. Ganapati, CEO , Logistics Plus India and Professor JK Business School; Dr. Nallan Suresh, Distinguished professor, University of Buffalo, USA and Visiting Faculty , JK Business School at AIMA's 5th Global Summit in New Delhi.

NEW DELHI, AUG 13 :
'AS the society is moving towards development, sustainability has emerged as a major factor. This is where the issue of supply chain comes to the picture, which needs to be integrated.

As the global systems evolve supply chains become more extensive and the challenge is to bring in the most optimal and sustainable logistics matrix', opined Dr. Sanjeev Chopra, IAS, Joint Secretary - Ministry of Agriculture & Mission Director, National Horticulture Mission.

He was speaking on the day I of "5th Global Summit on Supply Chain & Logistics Management; Building Sustainable Supply Chains: Key Differentiators for Global Competition" organised by All India Management Association (AIMA).

He further stated that supply chain integration should be economically viable, environmentally sustainable and a guilt free system. An effective supply chain has to find getting the mechanism done locally, efficiently and effectively.

While proving the summit overview, Dr. G. Raghuraman, Indian Railways Chair Professor - Public Systems Group - IIM Ahmedabad said that 'the organisations today have to be conscious about the impact of their supply chain on the environment. The impact will not be felt through host of regulations but a commercial drive which maintains sensitivity towards the environment. Owing to the sensitivity towards the environment, like many other countries India has also set a target to reduce carbon emissions from 13,000 million tons to 870 million tons by 2020. Apart from other measures, adoption of scientific warehousing, doing away with conventional packaging methods will help in achieving reduction of carbon emissions.'

Dr Nallan Suresh, Distinguished professor, University of Buffalo, USA and Visiting Faculty - JK Business School said that 'sustainability should be adopted right at the design stage through instruments like code of conduct. The challenge is to bring in sustainability to the on going targets of achieving supply chain optimisation, especially in the light of the fact that the global centre of gravity is now shifting towards Asia. The model of optimally sustainable supply chain should have ingredients like risk management, combating resources shortage, environmental aspects amongst others.'

Mr S L Ganapati, CEO, Logistics Plus India and Professor JK Business School, urged 'adoption of sustainable supply chain is an optimal model for minimising wastage in the system with a log term perspective. It is the most economical model for national perspective as well as at an enterprise level. A mix of adoptions of transportation modes apart from road transportation will also be of immense help for the environment, economy and entity.'

Mr Chaitanya Prabhu, Head (Integrated Supply Chain Solutions) Arshiya International said that 'in light of the globalised world, we cannot talk of India in isolation. The task in front is to convert the logistical and supply chain challenges faced by the economy, into suitable opportunities for the nation. This can be done through measures like robust IT systems, operational and financial sustainability, effective rail to road networks, coming up of consolidation hubs etc. A PPP model of development should be encouraged to develop rail infrastructure for logistical movement in the country.'

Mr Sanjay Gupta, Joint President (Marketing), Ambuja Cements . stated 'an efficient supply chain is crucial as it signifies corporate values, management of risk and value for market requirements. Speaking abt supply chain at Ambuja Cement, Mr Gupta added that the supply chain endeavours in the entity are driven from the top and are reviewed regularly. The enterprise has the culture of treating every operational area as an opportunity, and they don't overlook any problem faced in the logistical or supply chain domain.'

Mr Gangadhar Rout, Head (Logistic Solutions) Essar Steel . said that, 'India spends 14 percent of GDP on logistics, which is high when compared to other nations. The economy has to decongest infrastructure and integrate logistics. The factors which will drive supply chain in future of the country are effective regulatory mechanism, infrastructure development through PPP models, and development of routes for better connectivity and efficiency.

The importance of sustainability in managing the supply chain was taken-up by Mr S Harinarayanan, General Manager, Supply Chain, ITW India . He explained how various industries are increasing putting environmental stress by using wood based products in packaging and transporting materials across the globe. He further stressed that recycling post-consumer waste material could help in reducing the environmental stress and such practices could be promoted by giving incentives to people at collection centres.

While briefing the delegates on 'Green Marketing' Mr Vijay Sardana, Agri- and Food-Business expert, said, "We must not get in the business of using jargons just for the sake of promoting terms such as eco-friendly, green, environmentally safe etc. Rather the society must work together to implement green ideas so as to conserve energy and reduce environmental stress. The consumers must be aware of legal implications that could bind a company for using words like green to promote its products and services and charging extra from its customers for such environment friendly product." He further added that, "All of us will have to go for 'Life-Cycle Approach' of Green Marketing."

The summit on supply chain and logistics management seeks to understand what really lies ahead for organizations and how they can seek to overcome the challenges. The summit also showcases the success stories which have been scripted by organizations that have been able to manage their supply chains for global competitiveness. (editor@thesynergyonline.com)

Thesynergyonline Management Bureau

Dr D K Banerjee, Director, Asia-Pacific Institute of Management, New Delhi welcoming Mr B P Rao at a special lecture series on 'Wisdom from Boardroom'.

NEW DELHI, AUG 10 :
SIA -PACIFIC Institute of Management, New Delhi, has launched 'Wisdom From The Board', a special lecture series inviting top corporate leaders from leading Indian and multinational corporations to share their board-room knowledge with senior management students. The series began with the first lecture by Mr B P Rao, Chairman and Managing Director of Bharat Heavy Electricals Limited (BHEL) on July 30, 2010.

Mr B P Rao, CMD, BHEL accompanied with Mr. Anil Sachdev, Director (HR) and Mr. B. Shankar, ED (HR) delivered the inaugural lecture in the series 'Wisdom From The Board'.

He addressed senior management students on the importance and relevance of a company like BHEL which is involved in building power infrastructure in India and abroad as the market leader leveraging its core capabilities to handle challenges in the fast-changing and ever-growing market.

Giving a historical perspective on the early challenges that BHEL faced, Mr Rao highlighted BHEL's technological edge, quality standards, people-centric culture and its focus on continuous improvements and innovation that today gives BHEL a distinct competitive advantage to face the challenges of increasingly demanding and globally competitive marketplace.

Highlighting the importance of good corporate governance, Mr B P Rao mentioned that with the disinvestment of public sector enterprises and increasing global competition, PSUs today have a dual task.

On the one hand they have to have extremely transparent business practices in compliance with international standards and on the other hand continue to contribute in their nation-building efforts and other corporate social responsibility initiatives.

Mr. Anil Sachdev, Director (HR) highlighted BHEL's HR philosophy and importance that the company gives to planning and implementing latest HR practices to generate high level of employee satisfaction and almost negligible rate of attrition.

Mr Sachdev further emphasized the initiatives that BHEL takes to select the talent and nurture it by developing a life-long career path with regular competency-mapping, providing learning opportunities, offering stimulating work-environment and all possible support for achieving a good work-life balance.

Emphasising the importance of regular interaction of industry with academic institutions, Mr Sachdev said that academic institutions can help solve corporate problems and challenges by providing a different perspective and new insights. Academic institutions also are needed for continuous management education programmes and other training initiatives at the company.

In addition, bright young engineering and management graduates would be needed in a variety of areas to cater to immense growth possibilities in the power sector.

Dr. D.K. Banerjee, Director, Asia-Pacific Institute of Management, New Delhi welcomed the speakers for the special series 'Wisdom From The Board'. Dr. Satyanarayan Dash, S . Professor and president (Corporate Affairs) gave an overview on BHEL and its contribution as a profitable Navratna public sector company. Prof. Subrata Goswami, Sr. Professor (Marketing) and Chairman, Centre for Corporate Relations (CCR) delivered the vote of thanks. (editor@thesynergyonline.com)

Thesynergyonline Corporate Bureau

Mr R S Sharma receiving the fellowship from Mr. R C Bhargava. Also seen are Mr M Damodaran and Mr. Rajiv Vastupal,AIMA ,VP and CMD, Rajiv Petrochemicals.

NEW DELHI, AUG 10 :
THE Chairman and Managing Director of Oil and Natural Gas Corporation (ONGC) Mr. R S Sharma, was conferred honorary fellowship by All India Management Association (AIMA) here recently in recognition of significant contribution for professional management and commitment to the objectives of the Association.

Mr. Sharma was one of the guests of honour at the 15th Convocation of AIMA held at New Delhi.

Mr. Sharma received the fellowship from Mr. R. C. Bhargava, Maruti Suzuki India Chairman and Mr. M. Damodaran, the former Chairman of Securities and Exchange Board of India (SEBI).

Mr. Sharma receiving the fellowship from Mr. R C Bhargava. Also seen in the picture are Mr. M. Damodaran and Mr. Rajiv Vastupal,AIMA Vice President and Chairman and Managing Director, Rajiv Petrochemicals.

During the function more than 1500 students were given their doctorates and post-graduate diplomas and certificates in management by Mr. Bhargava and Mr. M. Damodaran who handed over the credentials to the students. (editor@thesynergyonline.com)

Thesynergyonline Management Bureau

NEW DELHI, AUG 09 :
BY following, ethical practices and holding regular interaction with the stakeholders of the organization, young managers could easily pave a path to success , stressed Maruti Suzuki India chairman, Mr R C Bhargava and shared his views on effective management strategies at AIMA's 15the Convocation here.

More than 1500 students were given their doctorates and post-graduate diplomas and certificates in management.

Mr Bhargava and the former chairman of Securities and Exchange Board of India (SEBI), Mr. M. Damodaran handed over the credentials to the students.

"Policies must be framed that are implementable in social and economic environment and in this, the field experience along with proper communication would play a significant role in achieving the desired objectives," he added.

Mr. Damodaran said, "At present India is experiencing a sustainable growth and could easily achieve double- digit growth figures if the physical and social infrastructure could be improved." He further told the young managers to create jobs for the underprivileged section of the society and advised them to not get affected by the pervasive cynicism and strive to be good and rich at the same time.

To recognize the important contribution that academicians make to the country, Prof. Dilip K . Bandyopadhyay, Vice Chacellor, Guru Gobind Singh Indraprastha University, was awarded with AIMA-Kewal Nohria Award for Academic Leadership in Management Education 2010.

Receiving his award, Prof. Bandopadhyay said that it was a proud moment in his life and he thanked AIMA for recognizing his "modest" contribution to the field of management and management education. Professor Bandopadhyay received his award from Mr. Damodaran, Mr. Bhargava and Mr. Kewal Nohria himself.

Mr. Nohria is a past president of AIMA and a former managing director of Crompton Greaves.

AIMA hopes that the award will make the B-School teachers and administrators community feel acknowledged and encourage them to do even better work.

AIMA Vice President and Chairman and Managing Director, Rajiv Petrochemicals, Mr. Rajiv Vastupal congratulated the students on taking a big stride in their careers with accomplishment of their management qualifications.

He exhorted the students to not get seduced by high salaries and pursue their passions instead.

'Follow your heart and money will follow you," he said, adding, "If you take up a job that involves doing what you love to do anyway, you will never tire or get bored. Instead, the job will empower you and equip you to create the wonderful things you always wanted to."

Mr. Vastupal also offered some useful career tips to the students. He told them to not let failures deter them from pursuing what they believe is fundamentally important to them. "Learn from mistakes, correct the errors, and adapt to your environment," he said. (editor@thesynergyonline.com)