Corporate Big-Wigs Converge at Great Lakes Institute for Human Resource Conclave

Corporate Big-Wigs Converge at Great Lakes Institute for Human Resource Conclave
Post-event Press-release

Great Lakes Institute of Management, Chennai organized its first Human Resource Conclave on the 2nd of September 2008 at the Royal Le Meridien Hotel in Chennai. The theme for the event was, "Managing Human Capital in the Globalized Business Environment".

The 1-day event was inaugurated by Dr. Bala Balachandran, Founder & Honorary Dean, Great Lakes Institute of Management, Dr. T. V. Rao, Chairman, T. V. Rao Learning Systems Pvt. Ltd., and Mr. R. Chandrasekharan, President & MD, Cognizant Technology Solutions India Pvt. Ltd.

Dr. Bala gave the Welcome Address in which he mentioned that India is standing tall because of its HR practices. He further added that the times are changing very rapidly and talked about the changes in the next 3 to 5 years. He said, "The change will be accelerating. The number of knowledge workers will outnumber the companies. The money value of time will replace time value of money. In the times to come, jogging may not be enough, companies will have to sprint to compete and sustain their current levels of growth." He also talked about the importance of cross-cultural and global hiring.

Dr. Bala Balachandran & Mr. C. Mahalingam During the Inauguration Ceremony of HR Concalve at Great Lakes

Dr. T. V. Rao, who is also the founder President of the National HRD Network and former President of the Indian Society for Applied Behavioral Science (ISABS), said, "HR, today, is termed as people whose work is recruitment and negotiations on salaries. In 1980s, technology was a strategic variable for an organization. The focus on the variable changed to finance, then marketing, and in today's world and future, the variable is human resource. Human resource has become a strategic variable for a company's success."

Next

* Contributed by -
Ranjit Shankar (Campus Associate),
Class of 2009,
Great Lakes Institute of Management, Chennai.

MBA Alumni \| MBA Students \| MBA Aspirants \| MBA Forums