Mahatma Education Society
Mahatma Education Society is a trust that runs around 48 institutions (Pillai Group of Institutions) in the city of Mumbai ranging from schools affiliated to all boards and colleges of higher education, recognized by authorities like University of Mumbai, Government of Maharashtra and All India Council of Technical Education.
Pillai Institute of Management Studies and Research
Pillai Institute of Management Studies and Research is a renowned institution under the umbrella of Mahatma Education Society. It was established in 1998 and is affiliated to the University of Mumbai and recognized by the AICTE. The Directorate of Technical Education, Government of Maharashtra, has awarded the institute an ‘A’ grade. The Institute today provides quality education through its MMS and MBA (Executive) programs.
SIXTH GLOBAL CONFERENCE ON MANAGEMENT
VUCA is a popular acronym to describe the volatility, uncertainty, complexity and ambiguity in the business world. The dynamic evolution of digitization is causing a radical shift in the way organizations conduct business. Financial markets around the world are volatile like never before and predicting market behavior has become even more challenging. The increased use of mobile interfaces and the innovations in the field of artificial intelligence is reshaping customer expectations and creating opportunities. The way organizations approach, communicate and convince customers have drastically changed. Global competition, emerging skill shortages, and changing demographics makes human resource management more challenging.
A world of VUCA provides a challenging business environment which tests the very survival of organizations. VUCA does not make planning and strategizing unimportant it only increases the complexity of the two. Navigating this environment with foresight, vision and skill helps business enterprises to face these distinct challenges with unique responses/solutions. Some organizations steer through the complexity of interconnected economies and the downturns of volatile markets by experimenting with new products, geographies and technology platforms with significant results. It is also true that many fail miserably even at the slightest change in their business models or external environment.
India is one of the fastest growing economies in the world and has become increasingly subject to the upheavals of an erratic global economy. The current Indian government has been moving rapidly to bring about disruptive changes in the business environment, including two major financial reforms: demonetization and the introduction of GST. A recent report by McKinsey Global Institute (MGI), ‘India’s ascent: Five opportunities for growth and transformation’, identifies five areas which, it states, ‘have game-changing opportunities for the country’s economy and the implications for domestic businesses, multinational companies, and the government’. MGI terms these: acceptable living standards for all, sustainable urbanization, manufacturing for India in India, harvesting technology for India’s growth, and unlocking the potential of Indian women.
In this context, PiMSR aims to discuss and debate on the opportunities and challenges of ‘leading and managing in a VUCA world’ with a special focus on India and its economic growth.