Aditya Birla Group chairman Kumarmangalam Birla has said that even though Indian economy is going through a bad phase, this phase is not here to stay and the dark clouds will pass soon.
He was addressing Indore Management Association (IMA) conclave on Sunday. Earlier, IMA chairman Ravi Mohan and other office-bearers handed over the business icon award to Birla.
Talking about transformational leadership, he explained the difference between transformation and change in cricket parlance saying that Sachin Tendulkar taking retirement was a transformation whereas Indian cricket team going without Sachin is a change.
He talked about four transformational skills abbreviated as OIIA, which stands for observation, intuition, innovation and action. Birla said that the group's takeover of L&T's cement business was based on observation while intuition played a major role in acquisition of Novelis. Giving an example of innovation, he said the latest tune introduced by Idea "honey, bunny" was aimed at communicating with teenagers.
Earlier, All India Management Association (AIMA) director general Rekha Sethi congratulated IMA on completing its 50th year. She said that Indian entrepreneurs and Indian managers are ready to change and respond to the change.
Birla further said that for the success of an organisation, leadership is not required at top levels but across the company. In terms of employee satisfaction, the group stands at fourth place in world's top companies and first in Asia Pacific. He concluded by saying "world is our playground and the ball is in our court."
The first business session started with the speech of Dr Santrupt Mishra, CEO, Carbon Black business and Group HR Aditya Birla Group. Mishra spoke on human capital strategies for future organisations. He said future is an exploratory journey where every turn is an opportunity. According to him, cognitive capability, intuitive judgment, analysing risks and opportunities are very important for being successful.
The session moved forward with the inspiring speech of digital genius Alok Kejriwal, cofounder and CEO, Game2win India. He shared his story about how he came into the IT industry from being a socks manufacturer.
Renowned actor Kabir Bedi delivered a motivational speech. Spiritual Guru and motivational speaker Swami Anubhavanand concluded the session. Co-chairman of IMA Vijay Goyal proposed a vote of thanks.