Jaipuria Institute of Management,Vasundhara, Ghaziabad - Best MBA Colleges in Delhi organized a corporate summit on “Talent Management 2014: Building Managerial Competitiveness” on 29th November 2014 at Raddison Blu hotel. The corporate summit was formally inaugurated by lighting a lamp by the chief guest, Mr. Sanjiv Mittal (IAS, Principal secretary, Technical education, Government of UP) the guest of honour, Mr. Rajeev Bhadauria (Director group HR, Jindal Steel and Power), Shri Shishir Jaipuria (Vice-chairman of Jaipuria group of institutions), Shri Vinod Malhotra (Director, Corporate relations, Jaipuria group of institutions) and Prof. (Dr.) Daveinder Narang (Director, Jaipuria Institute of Mangement, Vasundhara)
The event was attended by over 200 participants comprising corporate, businessmen, academicians and management students. The summit discussion hovered on the science of acquiring requisite skills required for an individual and corporate alike today.
Shri Shishir Jaipuria (Vice-chairman of Jaipuria group of institutions) highlighted the importance of decision making and globalization has increased talent mobility. He also said that businesses should collaborate more closely with business schools.
Prof (Dr.) Daviender Narang, director of Jaipuria Institute of Management stressed that nurture, quality and adaptable work force is the key to organizational success as well as and ingredients of a successful talent management program.
Mr. Rajeev Bhadauria (director group HR, Jindal Steel and Power) distinguished between business environment of the pre-2008 and post-2008 (Lehman brother crises). Current market conditions are turbulent understanding business knowledge, people and processes is vital. The success mantra for managing talent is to adapt, upgrade, modify and change as per requirements. Inspired thinking and creative thinking is more important than ever before.
Sanjiv Mittal (IAS, Principal Secretary, Technical education, Government of UP) mentioned that companies prefer candidates who can deliver with least training and recruits need to prepare accordingly.
Shri Vinod Malhotra (Director, corporate relations, Jaipuria group of institutions) exhorted that the business environment is constantly evolving and there is a proliferation of knowledge.
Next stage of the summit was the panel discussion of various sectors with banking being the first one. Most participants of this panel called a career in banking as glorious and dynamic and need requisite skills for the same. Mr. Tulanahina Maity Pandey (Vice President-HR, IndusInd Bank) stressed that ‘right attitude’ since it is part of service industry. Vishal Chauhan (VP, Kotak Mahindra Bank) mentioned that BFSI provides the opportunity for in-depth learning on the job. As per Mukta Malik (Vice-President,Axis Bank) banks look for ethics, trust, integrity, adaptability and positive attitude from candidates during hiring.
The second panel session on logistics and supply chain centered on the dearth of talent in this industry due to low perceived status among people. Dr. Parijat Upadhaya (Professor, IMT) emphasized is a strategic tool giving statistics about logistics and Walmart’s success story is tied with its successful supply chain. Mr. Howard James Scott (Managing Director, BigBear supply chain management) described career opportunities in supply chain in India and internationally.
Transportation, material handling and warehousing are key activities in logistics, said Radhamohan Gupta (Regional Procurement Director-South Asia, Reckitt & Benckiser). As per Vijay Sharma (Head product development (Cargo), GMR Delhi International Airport Pvt. Ltd.) logistics sector can overcome address the talent gap in their sector through by encouraging innovation and creativity at corporate and individual level. Skill development, including cross function training at every level of management can foster a culture of learning and growth. Job rotation can also aid in job enrichment.
The third panel session post lunch focused on E-commerce industry where they consensually stated the tremendous growth opportunities exist in India. Ms. Shika Taneja (Senior Director-HR, ShopClues.com) that this is going to transform retail industry as consumers expect best quality at least cost at their convenience. As per Mr. Tarun Kumar (Head-HR-North, Tech Mahindra) good analytical and marketing skills besides computer programming aids any e-commerce company. He stressed on creating a strong physical infrastructure behind online sites. Cross border trade has further fuelled the growth of e-commerce sites.
As per Nitin Singh (Manager, HR, Bharti Airtel) the key pillars of success in e-commerce domain are Technology, logistics, order management, merchandising and marketing. Further on he said that to build managerial competitiveness required in E-commerce industry one needs to thoroughly analyze margin strategies and competitive scope.
Prof (Dr.) Daviender Narang formally closed the proceedings of the corporate summit by delivering a vote of thanks and hoped that all participants would have benefited from this event. This corporate summit was coordinated by director of Jaipura Institute of Management, Prof (Dr.) Daviender Narang Dr. Ashwani Varshney, Dr. Anil Gupta, Ms. Bhavna Malik, Dr. Rajni Singh.
