Management pundits advise global ambition

Knowledge revolution guided by global ambition and high self-esteem is the key to management in the era of globalisation and not the capital investment, according to R Ramraj, CEO of Sify and alumnus of IIMC.

Ethics and sensitivity to cultural diversity for the success of global corporations, he added while speaking at the inaugural function of a conference jointly organised by IIM Calcutta and The Association of Indian Management Scholars on the theme 'Managing in a global economy: Emerging challenges to management profession'

New challenges and responses to them would form the bedrock of discussions at the conference as globalisation had created new challenges and opportunities for the corporate, government, not-for-profit sectors, and above all the management profession.

The widespread diffusion of technology, applications, products and services has created a need to think differently in the new economy, he added.

Young managers need to be familiar with new business paradigms.

Organisations that could adopt improved decision making practices and innovate could create unique competitive positions for themselves.

The new environment made it mandatory for organisations to engage themselves in global competition, collaboration, networking, and cooperation and offer a unique set of challenges and opportunities to the management profession.

Om Prakash Gupta , chairman of the conference and founder of AIMS International, said management education and research in India should find ways to progress without government support as in other advanced countries.

This could happen if industry and academia could work in tandem to achieve excellence in education, innovation and propagation of management thought.

Balaram Avittathur stressed the need "work together in harmony with nature" for global managers in emerging scenarios.

A panel discussion with the editors of three leading management journals in the country from IIM Ahmedabad, IIM Bangalore and IIM Calcutta will form part of the conference.

The aim was to unify Indian management scholars on a single platform, IIMC said in a release.