IIT Kanpur Organized Conclave on 'IT: Redefining Indian Business'

IIT Kanpur Organized Conclave on 'IT: Redefining Indian Business'

He also brought out the various loop-holes prevalent in the Indian system. He said many a times foreign clients found Indians to culturally insensitive and lacking a holistic approach. He stressed on the need for Indians to develop cultural sensitivities and to learn to work seamlessly with the non-Indian global employees.

Mr. Krishna then went on to talk about the changing global economy, and the need to understand the complexity and the need to prepare to adapt to uncertain environment. The paradigms are fast changing from product and services centric to 'experience solutions'.

Mr. Krishna also talked about the conditions under which a company must outsource - companies must retain their core competencies and outsource peripheral businesses. Mr. Krishna identified a global mindset, workability with diverse backgrounds among many others as the key ingredients to make a successful next generation global manager.

The next speaker, Mr. Jyotirmoy Banerji spoke on 'Project Management - The Key to Success in the IT Industry'.

A unifying theme in the entire conclave was the concurrence of the speakers on the importance of mergers and acquisitions. Mr. Banerji too stressed that this was an inescapable part of the changing face of global business.

The Internet revolution has created waves of change in the way business is conducted; Indian software companies are giving tough competition to their bigger western competitors by posing as low end disrupters by offering a significant cost advantage.

According to Mr. Banerji, the context of project management determines what actions present what results. Project management is a unique balance of arts and sciences. Project success is achieving equilibrium in cost, schedule and quality, and creating a win-win situation for both the customer and the IT company.

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Contributed by -
Piyush Gupta,
PR Cell, MBA II Year,
IME, IIT Kanpur.

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