Mumbai, 31 October 2023

 

IIM Shillong hosted the 2nd CXO Round Table Meet in Mumbai, bringing together a distinguished panel of industry leaders, academicians, and stakeholders for an insightful discussion. The Stakeholder meet in Mumbai signifies the importance of its alumni community, with hundreds of alumni participating in commemorating IIM Shillong’s 15-year journey in the field of management education. 

Prof. D. P. Goyal, Director of IIM Shillong, welcomed all stakeholders and panelists and expressed his gratitude to all who have contributed to the 15-year journey of IIM Shillong. During his address, Professor D. P. Goyal highlighted the crucial need for insights from corporate leaders regarding course curriculum design, teaching methodologies, and pedagogy. He stressed the urgency of a substantial transformation in content, delivery methods, and evaluation processes, noting the global paradigm shift in education. Professor Goyal highlighted the importance of learning from industry leaders to identify and incorporate the necessary changes into educational practices.

Inaugurating the Round Table Meet, Shri Atul Kulkarni, Member of the Board of Governors of IIM Shillong, expressed the institution's commitment to reconnecting with industry partners who have placed their trust in IIM Shillong's educational journey. Shri Kulkarni, highlighted several noteworthy initiatives undertaken in recent years. He emphasized the global recognition these initiatives have garnered and mentioned that IIM Shillong was one of only three management institutions to participate in the prestigious Vaibhav Summit, a special initiative led by Honorable Prime Minister Narendra Modi. Shri Kulkarni acknowledged the significant responsibility that IIM Shillong holds for the Northeastern region and its potential to contribute to the South Asian nations. He also mentioned the institute's engagements with various state governments, including the establishment of a satellite center in Tawang, expressing gratitude to all involved in making these endeavors possible.

The panel placed a paramount focus on strengthening industry-academia engagements and discusses the areas that institutions like IIM should prioritize in developing new courses to ensure their graduates are industry-ready. Shri Amit Thawani, Managing Director & Head of Investment Banking at Nomura Financial Advisory & Securities (India) Pvt. Ltd, underscored the significance of new companies achieving high EBITDA margins by solving complex engineering problems in the automotive sector. He emphasized the role of community in evolving the right knowledge context and suggests that students engage more with the industry to create value during their two years of study. The panel also highlighted the need for a greater emphasis on research and development as a critical bottleneck. Shri Kunjvihari Jandhyala, Head of Strategic HR & Organization Effectiveness at The Tata Power Company Ltd, identified technology and sustainability as the two primary drivers of transformation, emphasizing the continuous knowledge upgrading of both students and employees in response to rapidly changing market dynamics. Shri Anuj Jain, Managing Director & CEO of Kansai Nerolac Paints Ltd., emphasized the importance of technology adoption and innovation across all levels of employment, advocating for live projects involving IIM students. Shri Ajay Patil, Vice President & Chief Financial Officer at Cummins India, underscored the necessity of teamwork and strong ecosystems for implementing great ideas effectively. Shri Amarnath Saxena, President & National Head of Corporate Business at Bajaj Allianz General Insurance, highlighted the importance of digital literacy in creating more proficient employees. The panel collectively conveyed that attributes such as discipline, adaptability, commitment to ethics, a desire to disrupt the system, and a focus on delivering value to customers will be critical qualities for future employees. 

The 2nd IIM Shillong CXO Round Table Meet was a landmark event that successfully bridged the worlds of industry expertise and academic excellence. It served as an enriching experience that highlighted the importance of continued collaboration between academia and industry in shaping the future of business and management.

IIM Shillong, an institution of National Importance and the only IIM in the entire Northeastern region, was established in 2008 and intends to celebrate its 15 years of unwavering commitment to excellence with the theme "Reconnect, Reflect, and Reimagine." 

To commemorate this significant milestone, IIM Shillong will host a series of conclaves across the country that started in Delhi on October 15, 2023.

 

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(Source: IIM Shillong) | PIB Mumbai | Nikita /Darshana

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