February 08, 2018 : The Haryana School of Business of Guru Jambheshwar University of Science and Technology organized 10th Annual National Conference on “Business and Management’ at the seminar hall of CRS Auditorium today. Prof. Ashok Banerjee from IIM, Kolkata was the chief guest while Prof. Manoj Kumar of NMIMS, Mumbai was the keynote speaker while Manish Chaturvedi from Seimens Limited, Mumbai was the Guest of Honor during the inaugural ceremony of the conference. Prof. Tankeshwar Kumar, Vice-Chancellor presided over the function and Dr. Anil Kumar Pundir, Registrar was also present on the occasion. Three books authored by faculties of the HSB were also released on this occasion.
Speaking on the occasion, Prof. Ashok Banerjee said that innovation is not just an idea, but it should be accrued form of idea in a productive manner. India is moving towards a strong economy in the world and in order to compete internationally, it is essential to convert new ideas into reality. The Startup India initiative of the government is encouraging corporate industry to introduce Business Plan Contests within the organization to recognize the talents with innovations, he said. Elaborating upon 4 Ps of innovation he said that often ideas go up to Publication and Patent, but in order to boost-up that process, Prototype and Production in bulk should also be followed. He urged the youth to come forward with new ideas not only to get into jobs, but keeping the entrepreneurship spirit in their minds.
In his presidential address, Prof. Tankeshwar Kumar said that an innovative idea can be the driving force to change the economy and development of the nation. Models are developed following principle and laws of the universe and by adopting methodologies from the scientific world, managers from business industry can progress in a subtle manner. Appealing the youth for innovation, he said that India has conducive environment to develop new ideas into products, provided that idea is marketable. Our university already has established Pt. Deen Dayal Upaddhyay Innovation and Incubation Center to encourage students to come forward with new ideas. The university is also planning to set-up a FAB LAB on the campus which will further promote young minds and innovators to work upon their creative ideas, he said.
Prof. Manoj Kumar in his keynote address emphasized the need to carry out business research on elemental issues. Explaining his lecture through a detailed presentation on “Building Quality into Quantity of Business Research”, he said that researchers should keep in view about Indian context while carrying on their study. Research in business world would lose its relevance and legitimacy if we adopt foreign theories which are not compatible with the Indian business environment.
Sharing his experience of industry, Munish Kumar said that academia and corporate world have to work together to prepare business managers capable to face challenges of the global industry. In addition to business skills like leadership, team work, soft skills and strong work ethics one must also be well versed in technical skills like database management, robotics and artificial intelligence, he said.
Dr. Anil Kumar Pundir said that monetization and implementation of GST have transformed the national economy in a developmental approach. India has raised its position to top hundred countries of the world in Ease of doing business that further opened up new ways for entrepreneurship ventures and employability, he said.
Prof. Usha Arora, Director, HSB in her welcome address said that ever growing business industry has created a demand to prepare skillful managers capable of working in accordance with stipulated requirement. She said that best paper will be selected from the papers to be presented during the two day seminar, on the topics of marketing trends and analysis, finance and accounting, HRM, economic trends and issues and strategies and entrepreneurship.
Prof. N.S. Malik, Haryana School of Business said that the department has an objective to prepare students with providing appropriate training and capacity building. He explained various activities and future programmes of Haryana School of Business. More than 30 delegates from Karnataka, Uttar Pradesh, Himachal Pradesh, Uttrakhand, Rajasthan, Delhi, Chandigarh, Panjab and Haryana are participating in this conference, he said.
Dr. Himani Sharma, Coordinator of the conference told that more than 150 research papers will be presented during the 15 technical sessions of this two day conference. Dr. Mani Shreshtha, Coordinator presented vote of thanks. Deans, Directors, Chairpersons, Officers and Faculties, Research scholars and students of the department were present at this inaugural ceremony.