Over 200 Business Delegates Attend IIM Global Management Summit in London

Over 200 Business Delegates Attend IIM Global Management Summit in London
Post-event Press-release

The summit heard from 35 keynote speakers and industry specialists, and held panel discussions in several areas. Harpal Randhawa, Founder of Sabre Capital Worldwide pointed that global companies from emerging markets are successful due to their superior execution and new industry models rather than cheap labour, giving examples of companies ranging from Posco in Korea and Yue Yuen in Taiwan to Embraer in Brazil and Tenaris in Argentina. He surprised the audience by asserting that the next global cement giant is in the making in Nigeria, a place which the world assumes is still too risky for business.

Business Delegates Attending Panel Discussion During IIM Global Management Summit in London

Several other speakers focused on key innovations and growth areas. Amjid Ali, Head of HSBC Amanah UK, explained the global potential and policies behind Islamic Banking. Martin Kochman, Head of Europe BPO at Cognizant gave examples of clinical trial, equity research and fund accounting as future areas of smaller-scale higher-value processes that will be outsourced.

The conference spanned business areas of current interest. Underscoring the business challenges of climate change, Mark Purdy, Policy & Corporate Affairs, Accenture, presented some key findings of his forthcoming research report. The research interviewed management at 500 companies of various sizes across six countries, and identified that although over 45% of them see it as a major issue for business, fewer than 20% have made it their strategic priority.

Prof. David Begg, Principal, Imperial College London, however, pointed out that action on climate change is not straight-forward because it requires not only a compromise between poor and rich nations, but also between current and future generations. As future generations will be richer and will have better technology to deal with these problems, he said, so we should not be making poor people poorer today just to make the rich richer tomorrow.

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Contributed by -
Priya Sivaraman,
Director,
IIM Alumni Europe Association.

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