XIM Bhubaneswar conducted the Annual Business Conclave: Stratonomics ’22 on 10th December 2022 at XIM Auditorium at 3.30 PM, hosted by CONSTRAT- The Consulting and Strategy Consortium of XIM, Bhubaneswar. This year’s theme was Managing Change: Using Strategy to Explore New Business Horizons.
The event was graced with the presence of Rakesh Dash, Head of Corporate Strategy, Bajaj Electricals; Madhumitha Prema Ramanathan, CSO, Experian India; Santo Biswas, Corporate Director-Sales, Indian Hotels Company Limited, who shared their valuable insights with the audience.
The session commenced with the speakers lighting the lamp. It was followed by Professor Amar KJR Nayak of XIM, Bhubaneswar introducing the theme and inviting the speakers to present their views on the same. The theme “Managing Change: Using Strategy to Explore New Business Horizons” witnessed a variety of thoughts presented by the panel of our esteemed speakers. The discussion included perspectives on risk horizons in business, corporate governance, innovation, and exploring new markets.
The first speaker of the day, Rakesh Dash, Head of Corporate Strategy Bajaj Electricals, discussed various strategic templates to mitigate risks in business and how important it is for companies to explore new markets. He quoted that “From time to time, different sectors become relevant. We have to see how the market is exploring. In such a scenario, how do you manage your portfolio? It’s about striking a balance between the business’s competitive advantage and the industry.”
The day’s second speaker was Madhumitha Prema Ramanathan, CSO of Experian India spoke about how a strategist is responsible for planning, execution, and innovation. She highlighted the importance of innovation to achieve sustainable growth. Mrs. Madhumitha also stated, “Now, in the VUCA world, the strategist is not just responsible for strategy but also looking around at the competition and coming up with innovations to accommodate those risks.”
The session was further continued by the third and final speaker of the day, Santo Biswas, Corporate Director-Sales, Indian Hotels Company Limited, who enlightened us about how culture is the catalyst to change. He also iterated that companies that think strategically and not just restart to survive the dynamic business environment. He put forward the point, “How we become agile is through culture. It is the catalyst for change. We continuously reimagine our strategies to achieve excellency. Our value system and trust between our partners are what drives us.”
The event concluded with a panel discussion on how firms need to be resilient and innovate and adapt to constant changes to ensure their survival. The discussion was moderated by Prof. Sumitra Balakrishnan of XIM, Bhubaneswar, who kept the session engaging by touching upon relevant questions.
After the talk by the eminent speakers was the much-awaited question and answer session where the bright minds of XIM University asked questions relevant to the theme of the day – Managing Change. The summit concluded with felicitation of speakers and moderators and an ending note and vote of thanks by Sabyasachi Ghosh, the coordinator of Constrat, the Consulting and Strategy Consortium of XIM, Bhubaneswar.
Tags: stratonomics ximbYou might like reading:
IIM Calcutta Final Placements 2018-20 Batch: Highest CTC of INR 80 Lacs
IIM Calcutta has reported 100% placements for its 55th batch for the class of 2018-20. The process saw participation of 150 recruiters raising 498 offers for the batch of 444 students, providing students opportunity for dream offers. The class was placed across various sectors including Consulting (30%), Sales and Marketing (17%), Finance (15%), General Management & Operations (19%) and Product […]
What does your brand say about you ?
An effective brand can give you the edge in increasingly competitive markets. It is derived from who you are, who you want to be and who people perceive you to be. Branding is so much more than applying a logo in a consistent manner and using the right Pantone colours. Every form of communication should be pulling in the […]
