| Ethics and sensitivity to cultural diversity for the success of global corporations, he added while speaking at the inaugural function of a conference jointly organised by IIM Calcutta and The Association of Indian Management Scholars on the theme 'Managing in a global economy: Emerging challenges to management profession' |
| New challenges and responses to them would form the bedrock of discussions at the conference as globalisation had created new challenges and opportunities for the corporate, government, not-for-profit sectors, and above all the management profession. |
| The widespread diffusion of technology, applications, products and services has created a need to think differently in the new economy, he added. |
| Young managers need to be familiar with new business paradigms. |
| Organisations that could adopt improved decision making practices and innovate could create unique competitive positions for themselves. |
| The new environment made it mandatory for organisations to engage themselves in global competition, collaboration, networking, and cooperation and offer a unique set of challenges and opportunities to the management profession. |
| Om Prakash Gupta , chairman of the conference and founder of AIMS International, said management education and research in India should find ways to progress without government support as in other advanced countries. |
| This could happen if industry and academia could work in tandem to achieve excellence in education, innovation and propagation of management thought. |
| Balaram Avittathur stressed the need "work together in harmony with nature" for global managers in emerging scenarios. |
| A panel discussion with the editors of three leading management journals in the country from IIM Ahmedabad, IIM Bangalore and IIM Calcutta will form part of the conference. |
| The aim was to unify Indian management scholars on a single platform, IIMC said in a release. |
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