International Symposium on Global Business

Mysore Jan 6th: “Economic Reforms if stalled, will lead to perils. India might face perils as the country is heading for Elections. Meanwhile, in the International scenario, the countries which do not take the advantages of globalization and free trade will lose the opportunities”, opined Dr. Julian Gaspar, Director, Centre for International Business Studies and Clinical Professor of Finance, Mays Business School, Texas A and M University, USA, in his inaugural address at the one day International Symposium organized by Shri Dharmasthala Manjunatheshwara Institute for Management Development Mysore.

Mr. Arun Nayar a leading HR professional currently Director HR at Safran Engineering services, in his Keynote address, dwelling on the topic “Work-A Cultural Perspective” revolved around the importance of cultural adaptability for a successful working professional. He stressed on the fact India would become the largest contributor to the global workforce by 2030. As the work capable population increases in India, the local economy would not be able to create enough job opportunities as a result India would witness an exodus of working population to labor starved countries such as BRICS and USA.He emphasized on need to understand Culture, as Cultural Adaptability can bring better International Business. Competitive edge can be gained with better knowledge on domestic and international culture. The International Symposium began with the welcome address by Dr. N.R. Parasurman, Director, SDMIMD. The welcome message emphasized on how effective it is for the countries across the globe to adapt to practices for globalization and free trade. The inaugural session was followed by the interactive session between students of SDMIMD and Mays Business School, Texas A & M University, USA. Business quiz and the brain teasers were the part of the interactive session. The luncheon session was a Workshop on Functional Innovation Methodology by Innomantra Consulting Private Limited organized to the students from Texas A & M University. Mr. Deepu Chandran, Director, Innomantra Consulting Private Limited and Mr. Lokesh, Managing Director, Innomantra Consulting Private Limited, were the resource persons for the innovation workshop.