Dr. C. K. Prahalad Delivers Lecture on 'India Advantage' at Goa Institute of Management

Dr. C. K. Prahalad Delivers Lecture on 'India Advantage' at Goa Institute of Management

Goa Institute of Management (GIM), one of the premier B-schools of India presently ranked among the top-20 management schools in the country, recently initiated an ambitious project which will involve celebrated global management thinkers. As part of this initiative, Dr. C. K. Prahalad, who is often referred as one of the foremost business thinkers of our times, delivered a talk on the theme 'Global Restructuring of Industries. Is there an India Advantage?' at the National Institute of Oceanography Auditorium, Goa. The event was hosted by the Goa Institute of Management (GIM).

Dr. C. K. Prahalad Delivering Lecture at Goa Institute of Management

There is a significant restructuring of industries, be it the financial services, automation, pharmaceuticals, publishing or entertainment. Part of it is caused by the current financial crisis but the trends are as much driven by long term and enduring changes in technology, consumer expectations and globalization. Does the Indian industry have the unique opportunity to reposition itself in this process of global change? What are the advantages that the Indian industry can leverage? How will this transform emerging Indian multinationals, and what impact will it have on western multinationals? Management Guru, Dr. C. K. Prahalad, threw light on some of the aspects during the hour-long lecture. Top-notch industrialists, the corporate community, bureaucrats and students attended the prestigious event.

Said, Dr. C. K. Prahalad, during his talk, "India has a clear advantage over other countries and can actively shape emerging world order through its economic strength, technological vitality, and moral leadership." Rather than take an introspective look at what the country has achieved in 60 years of independence, Dr. C. K. Prahalad urged people to imagine an 'India at 75' and work diligently towards it. By the year 2022, India can emerge as a leader in industry and commerce, if it is able to capitalize on its advantages. Elaborating on a successful business model for the country, he explained that the ideal circumstance for a successful entrepreneurial venture is one which is 'low on resources and high on aspirations'. India needs to find that balance by investing in its people and raising aspirations.

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* Contributed by -
Mukesh Kumar,
Systems Administrator,
Goa Institute of Management, Goa.

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