The document summarizes the need for new thinking across many domains due to increasing change and complexity in the world. It discusses how economic models, business models, financial architecture, politics, society, technology, environment, and legal systems need to evolve and change approaches to address issues like global economic crises, debt burdens, unemployment, pollution, and inefficient legal processes. New ideas and evolutionary approaches are needed across many areas to successfully navigate the dynamic environment.
Team Finland organized a half day seminar in Helsinki on 21 April 2017, highlighting business opportunities in India and casting light on success stories of Finnish companies in Indian market (but also raising challenges encountered). Inspiring high-level speakers came from India, from Finnish companies and from Team Finland India. http://event.finpro.fi/indiaday/
The Role of Governments as Relationship Mediation Between Social Capital and ...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Team Finland organized a half day seminar in Helsinki on 21 April 2017, highlighting business opportunities in India and casting light on success stories of Finnish companies in Indian market (but also raising challenges encountered). Inspiring high-level speakers came from India, from Finnish companies and from Team Finland India. http://event.finpro.fi/indiaday/
The Role of Governments as Relationship Mediation Between Social Capital and ...inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
Mitigating Active Attacks Towards Client Networks Using the Bitmap FilterAcademia Sinica
With the emergence of active worms, the targets of attacks have been moved from well-known Internet servers to generic Internet hosts, and since the rate at which patches can be applied is always much slower than the spread of a worm, an Internet worm can usually attack or infect millions of hosts in a short time. It is difficult to eliminate Internet attacks globally; thus, protecting client networks from being attacked or infected is a relatively critical issue.
In this paper, we propose a method that protects client networks from being attacked by people who try to scan, attack, or infect hosts in local networks via unpatched vulnerabilities. Based on the symmetry of network traffic in both temporal and spatial domains, a bitmap filter is installed at the entry point of a client network to filter out possible attack traffic. Our evaluation shows that with a small amount of memory (less than 1 megabyte), more than 95% of attack traffic can be filtered out in a small- or medium-scale client network.
The Economic growth rate of Indian Economy can be accelerated from the present levels. It requires the co-operation from all segments of the Indian society.
Lei Fang week1COLLAPSETop of FormI agree that economic pow.docxcroysierkathey
Lei Fang
week1
COLLAPSE
Top of Form
I agree that economic power is shifting from mature Western economies to emerging markets. This is because over the past 20 years, the growth rate of GDP in emerging markets has far exceeded that of Western countries, although the inflation rate of developing countries is also much higher than that of Western developed countries. This means that the size and variety of commodities produced by those developing countries are also increasing. At the same time, it also means that the consumption power of people in developing countries is gradually rising (increasing income). Therefore, the emerging market is not only a production but also a huge consumer market. This also brought the continuous inflow of foreign funds.
Environmental disruption and waste of resources have led to increased production costs for businesses. It is well known that the resources on earth are limited. With the increasing number of people and the enhancement of people's consumption power, people's consumption of resources has been increasing. The consumption of resources will inevitably increase the cost of the product. Therefore, merchants and governments are spared no effort to improve the production efficiency of commodities. At the same time, they are also looking for sustainable resources. At the same time, the government and companies have also taken a series of measures to reduce the waste of resources. For example, Apple recycles old computer phones.The aging population has brought about competition for the labor force. At present, the population growth rate of many countries is negative, which means that the future labor force will decline.
At the same time, the aging of the population has also brought tremendous survival pressure to young people. And these young people will also share this part of the pressure to the government and companies. In order to cope with the increase and decrease of labor costs, the company can only reduce the number of employees or increase the profit of goods. From another perspective, this part of the pressure is also transferred to the shoulders of young people.
Consumer loyalty to the product has been carefully maintained by the brand. Due to the increasing number of brands and types of consumer products, consumers have more and more choices, so people have higher and higher requirements for commodities. This also makes it difficult for consumers to maintain their loyalty to goods compared to the past. Therefore, manufacturers have also put forward big data analysis to track customer trends and formulate customer-centric marketing strategies.
The rise of the Internet has blurred the borders between people's work and life. At the same time, people's past lifestyles have quietly changed. For example, during this pneumonia, people were working on the Internet. And for safety, many people buy ingredients online. This is hard to imagine in the past 20 years.
Technology integration I think is a commo ...
Lei Fang week1COLLAPSETop of FormI agree that economic pow.docxjesssueann
Lei Fang
week1
COLLAPSE
Top of Form
I agree that economic power is shifting from mature Western economies to emerging markets. This is because over the past 20 years, the growth rate of GDP in emerging markets has far exceeded that of Western countries, although the inflation rate of developing countries is also much higher than that of Western developed countries. This means that the size and variety of commodities produced by those developing countries are also increasing. At the same time, it also means that the consumption power of people in developing countries is gradually rising (increasing income). Therefore, the emerging market is not only a production but also a huge consumer market. This also brought the continuous inflow of foreign funds.
Environmental disruption and waste of resources have led to increased production costs for businesses. It is well known that the resources on earth are limited. With the increasing number of people and the enhancement of people's consumption power, people's consumption of resources has been increasing. The consumption of resources will inevitably increase the cost of the product. Therefore, merchants and governments are spared no effort to improve the production efficiency of commodities. At the same time, they are also looking for sustainable resources. At the same time, the government and companies have also taken a series of measures to reduce the waste of resources. For example, Apple recycles old computer phones.The aging population has brought about competition for the labor force. At present, the population growth rate of many countries is negative, which means that the future labor force will decline.
At the same time, the aging of the population has also brought tremendous survival pressure to young people. And these young people will also share this part of the pressure to the government and companies. In order to cope with the increase and decrease of labor costs, the company can only reduce the number of employees or increase the profit of goods. From another perspective, this part of the pressure is also transferred to the shoulders of young people.
Consumer loyalty to the product has been carefully maintained by the brand. Due to the increasing number of brands and types of consumer products, consumers have more and more choices, so people have higher and higher requirements for commodities. This also makes it difficult for consumers to maintain their loyalty to goods compared to the past. Therefore, manufacturers have also put forward big data analysis to track customer trends and formulate customer-centric marketing strategies.
The rise of the Internet has blurred the borders between people's work and life. At the same time, people's past lifestyles have quietly changed. For example, during this pneumonia, people were working on the Internet. And for safety, many people buy ingredients online. This is hard to imagine in the past 20 years.
Technology integration I think is a commo.
Role of business in economic developmentM S Siddiqui
Policy makers need to create structured long term funding schemes with extended moratorium periods to support young entrepreneurs in the start-up stage and smooth run of business under self-regulations with minimum bureaucratic control. The bureaucratic control is expensive and regressive of creation of new business and development of entrepreneurship.
The 5 Crucial Role of Entrepreneurship in Economic Development.pdfSmartSkill97
Entrepreneurship plays a pivotal role in shaping the economic landscape of nations. It is the heartbeat of the market, pumping innovation, employment, and growth into society's veins. Through the daring vision of entrepreneurs, new horizons of possibility are explored, creating a ripple effect that benefits not only individual lives but the economy as a whole.
As a student, you'll also understand why entrepreneurship matters for the economy, how it develops, the environment it thrives in, and why it's important.
This transformative power of entrepreneurship ignites a chain of prosperity that uplifts entire communities, making it a cornerstone of economic development. In the following discussion, we will delve into five critical ways entrepreneurship proves to be an indispensable asset to the economy, highlighting its significant contributions and the lasting impact it leaves on the world's financial health.
Mitigating Active Attacks Towards Client Networks Using the Bitmap FilterAcademia Sinica
With the emergence of active worms, the targets of attacks have been moved from well-known Internet servers to generic Internet hosts, and since the rate at which patches can be applied is always much slower than the spread of a worm, an Internet worm can usually attack or infect millions of hosts in a short time. It is difficult to eliminate Internet attacks globally; thus, protecting client networks from being attacked or infected is a relatively critical issue.
In this paper, we propose a method that protects client networks from being attacked by people who try to scan, attack, or infect hosts in local networks via unpatched vulnerabilities. Based on the symmetry of network traffic in both temporal and spatial domains, a bitmap filter is installed at the entry point of a client network to filter out possible attack traffic. Our evaluation shows that with a small amount of memory (less than 1 megabyte), more than 95% of attack traffic can be filtered out in a small- or medium-scale client network.
The Economic growth rate of Indian Economy can be accelerated from the present levels. It requires the co-operation from all segments of the Indian society.
Lei Fang week1COLLAPSETop of FormI agree that economic pow.docxcroysierkathey
Lei Fang
week1
COLLAPSE
Top of Form
I agree that economic power is shifting from mature Western economies to emerging markets. This is because over the past 20 years, the growth rate of GDP in emerging markets has far exceeded that of Western countries, although the inflation rate of developing countries is also much higher than that of Western developed countries. This means that the size and variety of commodities produced by those developing countries are also increasing. At the same time, it also means that the consumption power of people in developing countries is gradually rising (increasing income). Therefore, the emerging market is not only a production but also a huge consumer market. This also brought the continuous inflow of foreign funds.
Environmental disruption and waste of resources have led to increased production costs for businesses. It is well known that the resources on earth are limited. With the increasing number of people and the enhancement of people's consumption power, people's consumption of resources has been increasing. The consumption of resources will inevitably increase the cost of the product. Therefore, merchants and governments are spared no effort to improve the production efficiency of commodities. At the same time, they are also looking for sustainable resources. At the same time, the government and companies have also taken a series of measures to reduce the waste of resources. For example, Apple recycles old computer phones.The aging population has brought about competition for the labor force. At present, the population growth rate of many countries is negative, which means that the future labor force will decline.
At the same time, the aging of the population has also brought tremendous survival pressure to young people. And these young people will also share this part of the pressure to the government and companies. In order to cope with the increase and decrease of labor costs, the company can only reduce the number of employees or increase the profit of goods. From another perspective, this part of the pressure is also transferred to the shoulders of young people.
Consumer loyalty to the product has been carefully maintained by the brand. Due to the increasing number of brands and types of consumer products, consumers have more and more choices, so people have higher and higher requirements for commodities. This also makes it difficult for consumers to maintain their loyalty to goods compared to the past. Therefore, manufacturers have also put forward big data analysis to track customer trends and formulate customer-centric marketing strategies.
The rise of the Internet has blurred the borders between people's work and life. At the same time, people's past lifestyles have quietly changed. For example, during this pneumonia, people were working on the Internet. And for safety, many people buy ingredients online. This is hard to imagine in the past 20 years.
Technology integration I think is a commo ...
Lei Fang week1COLLAPSETop of FormI agree that economic pow.docxjesssueann
Lei Fang
week1
COLLAPSE
Top of Form
I agree that economic power is shifting from mature Western economies to emerging markets. This is because over the past 20 years, the growth rate of GDP in emerging markets has far exceeded that of Western countries, although the inflation rate of developing countries is also much higher than that of Western developed countries. This means that the size and variety of commodities produced by those developing countries are also increasing. At the same time, it also means that the consumption power of people in developing countries is gradually rising (increasing income). Therefore, the emerging market is not only a production but also a huge consumer market. This also brought the continuous inflow of foreign funds.
Environmental disruption and waste of resources have led to increased production costs for businesses. It is well known that the resources on earth are limited. With the increasing number of people and the enhancement of people's consumption power, people's consumption of resources has been increasing. The consumption of resources will inevitably increase the cost of the product. Therefore, merchants and governments are spared no effort to improve the production efficiency of commodities. At the same time, they are also looking for sustainable resources. At the same time, the government and companies have also taken a series of measures to reduce the waste of resources. For example, Apple recycles old computer phones.The aging population has brought about competition for the labor force. At present, the population growth rate of many countries is negative, which means that the future labor force will decline.
At the same time, the aging of the population has also brought tremendous survival pressure to young people. And these young people will also share this part of the pressure to the government and companies. In order to cope with the increase and decrease of labor costs, the company can only reduce the number of employees or increase the profit of goods. From another perspective, this part of the pressure is also transferred to the shoulders of young people.
Consumer loyalty to the product has been carefully maintained by the brand. Due to the increasing number of brands and types of consumer products, consumers have more and more choices, so people have higher and higher requirements for commodities. This also makes it difficult for consumers to maintain their loyalty to goods compared to the past. Therefore, manufacturers have also put forward big data analysis to track customer trends and formulate customer-centric marketing strategies.
The rise of the Internet has blurred the borders between people's work and life. At the same time, people's past lifestyles have quietly changed. For example, during this pneumonia, people were working on the Internet. And for safety, many people buy ingredients online. This is hard to imagine in the past 20 years.
Technology integration I think is a commo.
Role of business in economic developmentM S Siddiqui
Policy makers need to create structured long term funding schemes with extended moratorium periods to support young entrepreneurs in the start-up stage and smooth run of business under self-regulations with minimum bureaucratic control. The bureaucratic control is expensive and regressive of creation of new business and development of entrepreneurship.
The 5 Crucial Role of Entrepreneurship in Economic Development.pdfSmartSkill97
Entrepreneurship plays a pivotal role in shaping the economic landscape of nations. It is the heartbeat of the market, pumping innovation, employment, and growth into society's veins. Through the daring vision of entrepreneurs, new horizons of possibility are explored, creating a ripple effect that benefits not only individual lives but the economy as a whole.
As a student, you'll also understand why entrepreneurship matters for the economy, how it develops, the environment it thrives in, and why it's important.
This transformative power of entrepreneurship ignites a chain of prosperity that uplifts entire communities, making it a cornerstone of economic development. In the following discussion, we will delve into five critical ways entrepreneurship proves to be an indispensable asset to the economy, highlighting its significant contributions and the lasting impact it leaves on the world's financial health.
Fault Lines: How Hidden Fractures Still Threaten the World EconomyDivek Bhatia
Fault Lines: How Hidden Fractures Still Threaten the World Economy is a 2010 book by Indian economist Raghuram Rajan on the underlying causes of the 2008 financial crisis and the structural weaknesses present in the world economy. It won the Financial Times and Goldman Sachs business book of the year award in 2010.
Strategies to raise funds by government and innovative source of funding the public projects with the collaboration with various stakeholders in the Economy. The article published in Free Press Journal.
Detailed write up on the impact of COVID on various aspects of life. This was published in the Mumbai university Research Journal in the month of June 2020.
My write up which appeared in the Cover Story of April 2019 issue of Monthly Economic Digest Published by Maharashtra Economic Development Council. The article is about the incentives policies relating to MSMEs in India.
India has done well since independence in Agriculture. But the potential for further growth is immense . By adopting the strategies in the paper , the growth can be taken to 6% p.a.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
An introduction to the cryptocurrency investment platform Binance Savings.Any kyc Account
Learn how to use Binance Savings to expand your bitcoin holdings. Discover how to maximize your earnings on one of the most reliable cryptocurrency exchange platforms, as well as how to earn interest on your cryptocurrency holdings and the various savings choices available.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Training my puppy and implementation in this story
Think New Think Change
1. 30 July 2012
Think New Think Change
The Speech Delivered by Mr.R.Kannan at SIES School of Management
On the Occasion of Induction of New Batch of MMS Students
Prof.Sengupta, Prof. Radhakrishnan , Prof. Bose , Dear faculty members and young
friends, Good Morning to all of you. I would like to thank Dr.Sengupta for the
invitation extended to me to be part of this programme today in welcoming the new
batch of students to this prestigious programme on Management in SIES school of
Management.
The environment we live today is very dynamic and ever changing. We are living in a
world of constant change. There is a great level of uncertainty and volatility in all
walks of life. The challenge for mangers of the Economy and the Businesses is to
navigate these changes and develop a stable economy and business operations.
The viable Economic models and Viable business models of today will become
unviable in future. The systems which were viable in the past are no more viable in
the changed circumstances. The economic models of development and business
models are undergoing significant changes. We are living in a complex world , many
new issues crop up every day for which there are no immediate solutions or
remedies.
Economy. The effects of recent global crisis has made it necessary for new thinking
in managing the present day world. There are many debates around the world on
how to overcome the crisis in so called developed countries and bring back the
economic growth. The solutions are still eluding and no robust model for restoring
the global economic stability has been found so far. In all these years thinking was
that the global growth has to be supported by growth in the so called developed
economies like US, Europe and Japan. The growth in the developed countries had
lost the momentum and the incremental growth in the global economy is mainly
contributed by countries like China, India, Brazil and Russia. The future prospects of
growth lies in less developed countries like Vietnam, Colombia, Indonesia, Turkey
and Africa. Considering this fact, there is a need for change in Economic systems.
The developed countries should be willing to share the future leadership with the
emerging countries today. By encouraging the countries with potential for growth, the
overall economic growth of the world could be restored.
Financial Architecture. To sustain the growth levels in the economies the
developed countries kept very low interest rates. This has enabled the governments,
corporates and individuals to borrow at affordable rates. But after a stage, the
borrowing by them became unsustainable since they accumulated debt beyond the
levels which could be supported by income streams. The accumulation of debt
became a big burden which has resulted in the crises which are being witnessed
today. The crises in earlier periods were not widespread in the world and the
restoring the stability was easier. But at this point in history, the crisis has affected
most of the countries in the world and there is no immediate solution in sight to
restore the growth. The adoption of classical economic theories will not solve the
problems. We have to think differently and implement the necessary changes in the
Global financial architecture. The solutions to the present day problems lie beyond
the concepts covered in the economic theories available so far. There is a big
change required in how countries are managed and enterprises are financed. We are
in an evolutionary stage to address these problems.
2. Politics. The traditional thinking and old models favour a large majority single party
democratic rule to run a stable economy. In the recent past ,we had witnessed
different political systems delivering excellent results of performance. India with a
system of democracy and with coalition rule was able to achieve an economic growth
which had reached its peak. But it could not be sustained due to global crisis and
internal crisis. China was able to develop a robust economic system with the
communist party ruling. We witnessed good performances from some of the Arab
countries like Saudi Arabia. Then we witnessed the revolutions in some of the Arab
countries in the world. But one good development in politics today is that the
politicians understand the power of good corporate sector and before the global crisis
many of the countries in Africa were planning to create stock exchanges. The
politicians today are well educated and they are able to appreciate the contribution of
corporate sector to the economic development. This appreciation is leading to
emergence of new concepts like Public Private Partnership and opening many more
sectors of the economy for private sector and FDI. Today bilateral relations are built
on the foundation of commerce. Earlier the relations were based on security and
political aspects. The need for good governance has been felt even amongst
politicians. Despite lot of improvement in political system, there is still a need for new
ways of managing politics and change in the governance models.
Society. There is a big transformation in the society. The rural areas are becoming
semi urban , semi urban areas are becoming urban . There is a wide scarcity of
municipal services in urban areas. There is a movement away from joint family
system to nuclear family system. Many in the family go to work and there are many
multi income families. Jobs at entry level assure very high salaries. The towns have
people from various states and cultural backgrounds. The purchasing power of
people is going up. There is a constant upward movement of people from lower
income segment to higher income segments. More young people are waiting to join
the ranks of the employed. Each country has its own issues. The average age of
Japanese is very high and individuals in Japan, they have large savings. They do not
want to spend the money. In USA, the savings of individuals are negligible , but they
have huge borrowings and they want to spend. But they do not have the wherewithal
to raise the resources to support the spending. India will have the largest number of
people who will be very young in the working population but to make them productive
a large scale vocational training is required to make them productive. In countries like
Japan, crisis affected European countries and USA, there is an immediate need for
change in societal systems. The challenge today in US and Europe is to reduce the
unemployment level and reduction of household debt. Lot of new ideas are required
to implement the required changes.
Technology. The effect of technology in the last fifty years in our lives is profound
and long lasting. Most of the changes we had witnessed in all these years in all
spheres of life were catalysed by the changes in Technology. The latest to engage
our attention is the communication technology which has become part and parcel of
our life. In five years, we will witness a sea change in use of technology in our lives.
There is a convergence of Technology, Media and Telecom which has impacted our
lives the most. There is a widespread use of technology by government, corporates
and individuals and it is difficult to think about our lives without use of technology.
The change in technology has resulted in change in business models of various
industries. The emergence of new communication technologies, bio technology and
nano technology will redefine the way businesses are operated today. It has become
necessary for companies to adopt the latest technologies to achieve a competitive
advantage in their area of operations. The emergence of Digital media and social
media are changing the paradigms of marketing.
3. Environment. The issue which engages most of the attention of Politicians and
corporates is the preservation of environmental balance. When developed countries
embarked on the journey of industrial development , the world had a good ecological
balance and they were able to develop and run polluting industries. The effect of
higher industrialisation had its toll on our environment. Now there is an organised
movement across the world to preserve the environment. The new rules on
emissions are acting as a constraint on countries like India where we are yet to
realise the full potential of manufacturing. If we allow more industries , it is likely to
increase the pollution levels and affect the ecological balance. If we do not develop
industries, then we will lag behind in industrial and manufacturing development. Due
to many environmental concerns the development of core industries like Coal, Power
and mining are affected. There is a need to find immediate solutions so that the
target set by government to achieve 25% of GDP from manufacturing could be met.
New ideas are required to address these issues and management of these core
sectors and environment requires lot of changes.
Legal. India has one of the well defined legal systems in the world. The number of
cases pending today in courts is very large and if average disposal of number of
cases is taken into account, it would take twenty five years to clear these cases. The
government has set a stretch target to dispose off many of these cases within five
years. New ideas were discussed including , reduction of holidays for courts, working
in double shifts, creating special purpose courts, etc. Many cases pending in Indian
courts are trivial and these could be disposed off very fast. In the recent past, we
witnessed some judgements on commercial matters which have made some of the
profitable sectors in India unprofitable. In the last few years , few of the most
profitable sectors have become unattractive today due to certain judgements. Few
judgements resulted in discouraging the Foreign Direct Investment into India. Since
the world has become more complex today, there is a need to develop simple and
effective legal system to resolve cases in an expeditious manner. In commercial
issues, there is also a need to take a techno-commercial-legal approach to solving
the issues.
There are many challenges as discussed and the present day challenges require
new ideas , new thinking to address these issues. The change is required in many
spheres of the economy. Many a times introducing change is difficult and painful.
Only by creation of innovative ideas the issues before hand could be addressed
effectively. New thinking requires innovation and innovation has to be created as a
culture and many organisations realised this need and in some of the developed
countries , the departments are named as innovation departments and there is a
position of a Chief Innovation Officer.
Education institutions have a major role to play in fostering innovation and developing
the attitudes for new thinking. Education holds the key to improving lives and
reforming society. Education is a social process, and the most important process in
determining the future of our country. The educational institutes should foster the
culture of how to think. People must learn how to think well to achieve their dreams
and to reach their potential.
Dear Students, while doing this course, you should develop your skills in thinking. I
read recently that "the battle for control and leadership of the world has always been
waged most effectively at the idea level. An idea, whether right or wrong, that
4. captures the minds of a nation's youth will soon work its way into every area of
society, especially in our multimedia age. Ideas determine consequences."
Your objective of doing this course should be to become great learners and great
thinkers. Whatever new ideas come to your mind during an issue being discussed in
the class room , please share your ideas in the class room. The starting point of
developing your thinking skills is your class room. You can discuss the new ideas
with your Professors, Class mates and friends.
The country requires agents of change in all spheres. By developing the ability to
think new, all of you can contribute to the development of a Viable economic system
at the country level and development of viable business models at the business level.
While doing that, you can create an opportunity for yourself for self development.
Dear Students, I have a great pleasure in wising you all , all the best for a productive
time in SIES and encouraging you to learn more, think more and act to bring the
required changes to the benefit of every one in the society.
Thank you.