Who should attend
The target participants for this programme are senior and middle-level executives of manufacturing and service firms. Self-employed persons, central and state government employees and persons working in NGOs and charitable institutions are also welcome to participate in the programme.
About the course
Globalization has changed the face of the world. Now, there is more mobility of resources across international borders due to gradually reducing trade barriers and there is a higher scope for organizations to explore opportunities abroad. Information is instantaneously, and freely, available on the Internet, and consumers are bombarded with more choices than ever before. Now, there is virtually no time lag between product launches abroad and in India. Shelf lives of products are gradually diminishing and there is a greater demand for more new varieties of products. At the same time, environmental and social sustainability has become a major issue. In this rapidly changing scenario, organizations not only have to cope with increased competition due to globalization, but also have to devise appropriate strategies and realign operations so as to cater to the ever-changing tastes of consumers and address the environmental and social sustainability issues.
India is occupying a significant position and playing a major role in today’s world economy. Arcelor Mittal becoming the numero uno steel maker in the world, Tata’s acquisitions of Jaguar and Land Rover from Ford Motor Company and numerous other acquisitions abroad by Indian pharmaceutical, IT and telecom companies are testimony to that. India is one of the fastest growing economies in the world. India, apart from China and other South-East Asian nations, has turned into one of the global manufacturing hubs because of vast availability of natural resources and low-cost, skilled manpower. India has been gradually opening its doors to the world since the early 1990’s, and there has been a significant flow of foreign investments into India since then. Foreign Direct Investments (FDI) are now allowed in many sectors, including banking and financial services, telecom, civil aviation, defense production, healthcare, insurance, pension, and single and multi-brand retail. Talks are on the table to relax the sectoral FDI caps in these sectors and allow FDI in new sectors.
Competition is getting more intense in India and business dynamics are changing very fast in response to the changes in the Indian economy brought about by economic liberalization and globalization. India today is more aligned with the world economy, and, therefore, when the financial crisis hit the world in 2008, India was also affected, albeit to a lesser extent compared to the U.S. and Europe. In this scenario, senior executives of Indian firms have to brush up and update their knowledge from time to time on changes that are taking place not only in the external world, but also within their own firms brought about by these external changes, so that they can drive their firms in the right direction. It will no longer pay to confine one’s knowledge to a particular sector, industry or functional area. Executives of today have to keep themselves abreast of affairs beyond their immediate functional areas and industries, and of major changes in policies in the Indian and world economy, to get an overall picture of the business scenario. Keeping this in mind, this four-and-a-half-day General Management Programme has been designed for senior and middle-level executives of Indian manufacturing and service firms, who are drivers of not only their own firms, but also the Indian economy as a whole. The programme intends to update participants on various current economic, environmental, social, political, legal and functional issues, and expose them to a learning environment to help them assess the impact of their decision-making process. It is expected that the learning and discussion in the classroom will help participants make better, informed decisions in real-life, and thereby help their firms stay competitive in this globalized world.
- To expose participants to the issues related to globalization and its impact on the Indian economy and business
- To help participants understand the rapidly-changing business dynamics and its impact on organizational restructuring and performance
- To make participants aware of important evolving issues and topics in different functional areas, and the economy as a whole
- To expose participants to case studies of best practices in diverse functional areas
- To facilitate learning and developing better decision-making abilities through group work in a learning environment
- To prepare participants to deal with global competition better
The programme intends to address, but may not be limited to, the following topics:
- Globalization and the Indian economy
- Economics of climate change
- Changing geo-political environment
- Investment decision and risk analysis
- Project management
- Contracts and arbitration
- Supply chain management
- Strategic brand management
- Human resource management
- Customer relationship management
- Public-private partnerships, e-Governance
- Understanding human behaviour at work
- Leading people
- Conflict management
Participants will be provided with selected reading materials.
Prof. Subrata Mitra is a Professor of Operations Management at IIM Calcutta. He received his B.E. in Electronics and Telecommunications and M.E. in Production Management from Jadavpur University, Kolkata, and Fellowship (Ph.D.) from IIM Calcutta. He has four years of industry experience and over ...
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