Today, we generate more data in a year than what was generated since the inception of mankind. We talk about a world of interconnected “things”, of an ever evolving technology; evolving at a rate faster than ever before. How then, can management, in this era of unprecedentedly rapid change be slow?
Integrated supply chains, big data, the online marketplace and cloud would be just the top of mind recalls for anyone thinking of the correlation between ever evolving technology and management innovation. As the pace of technological innovation picks up, so does that of management innovation. Add to this the concept of a globalization and things get even trickier. You don’t just have to keep up with the change in technology, but have to adapt to the socio political and economic dynamics of not just your immediate milieu but of the entire globe. Concepts like reverse innovation where the developed nations are adopting and learning from innovation in hitherto considered underdeveloped nations go on to corroborate the existence of this setup.
In an era where the only scope for survival is innovation, one has no option but to be innovative. Innovation in Management is all about discovering new and unprecedented ways to Organize, Lead, Coordinate and Motivate people. Innovation in Management Principles and Processes can help the organizations to shift the paradigm, but the challenge doesn’t end here. You could come up with a breakthrough today but there is no guarantee it would be relevant tomorrow. There are endless incidents of innovation being brought in by someone and mastered by someone else. It no more suffices to be intelligent. The intelligence has to ‘adaptive’. Improvisation helps an organization to quickly adapt its short term and long term objectives to changing and uncertain business conditions. Improvisation is all about being not just good in traditional skills of management but also continuously adding to them in accordance to winds of change.
But improvisation is not the end either. Best management today does not simply end at cooking up the best dish for the right connoisseur. Consulting no more ends at suggestions. One is expected to implement those as well! Don’t just cook the dish, serve it right! The same concept; ‘Innovate, Improvise, Implement’ is at the heart of Avenues 15, the Business Festival of SJMSOM, IIT Bombay. Do you have it in you to conceptualize breakthroughs? Do you have the spontaneity to adapt your ideas to a dynamic context? Do you have the zeal of making it happen?
SJMSOM, IIT Bombay invites all the budding managers and professionals who answer the above questions in affirmative.
AVENUES’ is the International Business festival of IIT Bombay organized by Shailesh J. Mehta School of Management, IIT Bombay. It consists of a potpourri of management events targeted at the budding managers and combines learning with fun. Management students across the globe participate in this extravaganza to outdo and outlast the competition. All the events are keenly contested and judged by the best known people from the industry and academia. Avenues has opened its gates for International business schools as well as corporates for the first time this year.
Alankar - The Global Leadership Summit, presents an opportunity to understand the persistent efforts put in and tribulations endured by eminent leaders who pursued their ambitions to reality.
India is moving towards a knowledge-based economy. We at IIT believe that much of economic growth that would take place in the coming years in India has to be through efficient management of ventures which are in their growth phase. The management of organization in this phase involves dealing with technological changes at the micro as well as at the macro level.
Thus, managers with a strong background in technology are best placed to lead India onto a higher growth path.
IIT Bombay, founded in 1958, has established itself as a premier world class teaching and research institution in technology and interdisciplinary programmes. About twenty percent of its alumni are entrepreneurs- many of them first generation. The pre-eminence of the Institute is evident from its varied and effective academic programmes for manpower development to meet the rapidly changing needs of the Organizations.
To promote interdisciplinary learning and to keep up with the changing environment, IIT Bombay established its management school in 1995 with the objective of transforming professionals with technological background to “Renaissance Leaders” of tomorrow. In the year 2000, the school was renamed as Shailesh J Mehta School of Management, in honor of Dr. Shailesh J. Mehta, a distinguished alumnus of IIT Bombay and a generous contributor to the school. The School Of Management already leads the way in preparing its Graduates to respond to the new challenges by drawing on the varied intellectual resources of IIT Bombay and providing an outstanding and innovative program in management education.
IIT Bombay, set up by an Act of Parliament, was established in 1958, at Powai, a northern suburb of Mumbai. Today the Institute is recognized as one of the centers of academic excellence in the country. Over the years, there has been dynamic progress at IIT Bombay in all academic and research activities, and a parallel improvement in facilities and infrastructure, to keep it on par with the best institutions in the world. Institutes in positions of excellence grow with time. The ideas and ideals on which such institutes are built evolve and change with national aspirations, national perspectives, and trends world – wide. IIT Bombay, too, is one such institution.
Motto of IIT Bombay
The motto of IIT Bombay – “Gnayanam Paramam Dheyam”, or “Knowledge is the Supreme Goal”, is reflected in the Vision and Mission of IIT.
Vision and Mission of IIT Bombay
Vision : To be the fountainhead of new ideas and of innovators in technology and science
Mission : To create an ambience in which new ideas, research and scholarship flourish and from which the leaders and innovators of tomorrow emerge