FMS, Delhi Organizes its 34th Annual Convention on Knowledge and Innovation

FMS, Delhi Organizes its 34th Annual Convention on Knowledge and Innovation

Faculty of Management Studies, University of Delhi organized its flagship 34th Annual Convention. The topic for the convention was in the conclave was "Knowledge and Innovation".

The distinguished speakers for the session included Dr. Dinesh Keskar, President, Boeing India and VP, Boeing International, Mr. Sanjeev Srivastava, Editor, BBC India, Mr. Salil Agrawal, Director, PwC, India, Mr. Patu Keswani, Chairman and CMD, The Lemon Tree Hotel Company, Mr. K. V. Sridhar, National Creative Director, Leo Burnett India, Mr. T. N. Thakur, CMD, PTC India, Mr. Abheek Singhi, Partner and Director, BCG, Mr. Udayan Ray, Editor, Outlook Money and Mr. Anil Kothuri, VP, CItiGroup, Mr. Arnaud Soubelet, CEO, Bharti-Alcatel JV and Mr. Rajiv Narang, CMD, Erehwon Innovation Consulting and Prof. N. M. Anand.

The convention was divided into two sessions. The first session was based on Knowledge in Practice: Ideation and The second session was on Knovation: The Power Strategy for Indian Enterprise.

The convention started with a keynote lecture by Prof. Kuriakose Mamkoottam, Dean, Faculty of Management Studies. He began by mentioning the arrival of knowledge economy and how knowledge and learning has taken centre stage. He stressed on the fact that learning must be greater than environmental changes for an organization to prosper. Laying emphasis on the innovation value system, he suggested that strategic networking is important in the present conditions. At the end of his keynote he insisted that resolving issues like poverty and hunger should be the focus of our innovations.

Mr. Dinesh Keskar started by describing "Leadership" and how leadership along with innovation is a strategic imperative for growth. With the examples from the General Motors in the USA auto industry and Indian Aviation industry he explained the relevance of continuous innovation, which he termed as the incubator of continued success. He opined that strategic evaluation at all levels will drive collective growth.

Mr. Shrivastava reflected upon his experiences at various levels and how innovation at the right moment helped newspapers such as TOI and TV channels such as TIMES Now (Tabloid TV). He pointed out that innovation is as important outside the corporate world as within the corporate world. Mr. TN Thakur added to the discussion by giving insights into how PTC has led the way in the power sector through continuous innovation.

Mr. Sridhar explained the importance of innovation using various technologies that have evolved through continuous effort on the part of organizations which wish to develop new technologies and evolve continuously to produce a better product. He elucidated this with Bajaj DTSi and ad and the advertisement used by Cadbury on YouTube.

Mr. Patu Kesvani of Lemon Tree, helped us realize the use of innovation by giving examples from his own experiences as an entrepreneur. He opined that understanding the customer and their needs is an important step to identify the target and charting out the progress. He stressed on the fact that how sticking to the basics and innovating the existing model helped Lemon Tree achieve huge profits and a good start into the hotel industry

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Contributed by -
Neha Bhargava,
Media Relations,
Faculty of Management Studies, Delhi.

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