A galaxy of corporate giants discusses ways to combat recession during Fifth Global Leadership Summit at Amity

Amity Business School (ABS) believes “Leadership cannot be left to evolve but should be encouraged and investigated further, sometimes even prodded into life”. It considers that the corporate interaction is a key to students’ success and without seminars, panel discussions, corporate interaction their holistic grooming would be incomplete. Following this belief, Amity Business School (ABS) organized its 5th Global Leadership Summit 2009 on the theme “Businesses beyond the Downturn”. The summit provided the students an opportunity to rub shoulders with the corporate giants, who shared their experience with the budding managers and future leaders.

Welcoming the august gathering, Dr. Sanjay Srivastava- Head, Amity Business School (ABS) thanked all the industry doyens who despite of their busy schedules made it to the Summit and agreed to share the nuggets of wisdom from their repository of experience. He urged the students to make the most out of the day long discussions and knowledge sharing, which will make their transition into the corporate world easier and smoother.

The Summit started with a session on “Moving Beyond Downturn” in which eminent speakers from the corporate addressed the leadership issues in the context of business.

Terming the theme of the Summit very apt, Mr. DK Purwar- Executive Director, Gas Authority of India Ltd (GAIL) said that “boom” and “downturn” are the two phases of economic cycle and after one phase other phase is bound to come. “Recession is a time of economic crisis, a time full of adversaries and throwing plenty of challenges. This phase has different meaning for different organizations, for some organizations recession is a blessing in disguise,” stated Mr. Purwar. He outlined that how despite of recession GAIL has been contributing to the development of the country with the help of its efficient management and their leadership, how the organization has been pro-active in completing its projects before the deadlines and also shared the corporate strategies, business plans developed by GAIL in last 25 years.

Outlining the repercussions of the recession, Mr. V K Sharma- CMD, National Fertilizers Ltd. said that in the wake of recession market slows down, money supply decreases in the market, things go off the track and everything in the market show downward trend but recession is unavoidable and is part of the “business cycle”. Highlighting the main reason behind the recession, Mr. Sharma remarked that in today’s competitive times everybody wants to make money by “hook or by crook”. It’s not by profit that people are guided but it is “loath or greed” that is goading them. Sharing some information about National Fertilizers Ltd, Mr. Sharma averred that fertilizers are “controlled commodity” and “highly subsidized” to encourage their use amongst the farmers. “ The fertilizer sector remained, more or less, unaffected of recession because Government subsidizes the cost of production of fertilizers (Rs. 7, 000- Rs.24,000 per ton) and cost of selling them (Rs. 4,850 per ton),” remarked Mr. Sharma. He also narrated how during the recession the organization was successful in expanding itself in terms of the capacity of certain plants profitably.

Ms. Priti Mathur- Executive Director and Chief of Corporate Planning, ONGC shared several strategies opted by ONGC to combat the recession including working in tandem with global experts to ensure that every iota of information available anywhere in the world is not left untapped, heavy focus on human capital, leadership development in the organization and CSR initiatives by the organization.

Doling out ways to survive and thrive the recession, Mr. Yashdeep Kumar- Director, Stryker Global Technology Centre said, “Developing trust in the customers is very important for any business, a person/organization needs to honor his/its commitment and more and more time should be spent in understanding the needs of the customers.”

Honoring and acknowledging the unparallel and incomparable contribution of several corporate “ Amity Leadership Awards” were bestowed upon them during the Summit such as:-

Amity Leadership Award for Corporate Excellence in the Oil & Natural Gas Industry’ - ONGC (Received by Ms. Priti Mathur- Executive Director and Chief of Corporate Planning)
‘Amity Leadership Award for Corporate Excellence in the Healthcare Industry’- Stryker Global Technology Center (Received by Mr. Yashdeep Kumar- Director)
‘Amity Leadership Award for Excellence in Umbilical Cord Blood Banking’- Cryobanks International India (Received by Dr. C V Nerikar- CEO)
‘Amity Leadership Award for Excellence in the Oil & Gas Exploration and Production’- Cairn India Ltd.(Received by Mr. P Senthil Kumar- Director, HR)
‘Amity Leadership Award for Excellence in the Networking & Systems Integration’- Spanco Ltd.
‘Amity Leadership Awards for Corporate Excellence” were also conferred upon Hilton Hotels, Tata Teleservices Ltd, Koutons Retail India Ltd., MBD Group, Bharti Teletech Ltd., PVR Ltd. and many more.

The second session on “ Leadership Challenges for CEO’s” focused on the major challenges faced by the CEOs and top management in dealing with strategic perspectives related to growth, customers, crisis and risk. The speakers for the session included Mr. Manoj Chugh, President EMC India & SAARC, EMC Corporation, Mr. Sanjeev Kumar Asthana, President & Chief Executive- Agri & Food Supply Chain, Reliance Retail Ltd, Mr. M.L. Gupta, MD, Everest Industries Ltd. and Mr. Navin Chugh, Chief Operations Officer, Steria India Ltd.

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