Professor Shah initiated the proceedings of the IIM's flagship event The Leadership Summit 2012 here today with his views about development of an organisation.
Rural Marketing Association president Pradeep Kashyap delivered the keynote speech on innovation, execution and the need for "Business minds with a social cause".
Kashyap talked about the concept of "75 per cent performance at 50 per cent price" in the Indian context, emphasising that it requires a positive approach towards the community co-creation process.
Participating in the panel discussion on 'Making India an Innovation Hub', Bombay Dyeing chief executive officer Debashis Poddar spoke on innovation as a means of survival and defined it as "the successful exploitation of a new idea".
Accenture Management Consulting partner Ganesan Ramachandran asserted that though Indians were good at service innovation, they shied away from product innovation.
