Amity Business School organises its 7th global leadership conference

Amity Business School (ABS) of Amity University, Noida, organised the seventh edition of its annual research conference, the Global Leadership Research Conference (GLRC-2022), on the theme, ‘Leading in the New Reality: Insights into Actions’, on a virtual platform.

During the three-day conference, research papers were also presented on various topics such as “Proposing a Multiple Linear Regression Based Model for Estimating Passenger Vehicles Demand for the Indian Market”, “Dynamics of Social Media On Education During Covid-19 Pandemic”, and “Overview and Future research agenda on B2C marketing approach: A Bibliometric Analysis” among others.

The chief guest, Sasmit Patra, member of parliament (Rajya Sabha) said, “The first aspect is of the new reality of uncertainty, where disruptive technologies become a part and parcel of our lives requiring greater transparency of industries with scarcer talent, steeper timelines, with real time transformation in the businesses and real time change in policies and procedures of the government. We need to look at the opportunities which the pandemic has provided us, the aspect of a “Gig Economy”, where an individual becomes independent and becomes an entrepreneur himself. In the new reality, businesses are moving to a hybrid mode and are looking at ways of reducing real estate costs, increasing productivity through work at home or remote working which has become a norm in India. We can see new ways of engaging with people at the workplace. The new normal will be where there will be an aspirational workforce, where more and more independent people are going to tag in through a “hub and spoke” model, where the hub is a small place inside an organisation but the spoke is where most of the employees are integrating together.”

“As we adapt to the new reality, a lot of reforms need to happen in future, labour reforms, disinvestment, taxation and reforms related to deregulation of many certain sectors and there will be emphasis on greater private equity and foreign direct investment. As students of business schools, we have to look at the human qualities and traits of being a true leader as our traits will reflect in our way of leadership,” he averred.

A special address was delivered by Karl Moore, associate professor, Desautels Faculty of Management, McGill University, Canada and associate, Green Templeton College, Oxford University, UK, in which he stated, “New ways, new systems, new ideas and new environments have to be introduced and implemented to adapt to the new reality, post pandemic. The world needs indigenous and inspiring leaders in the current scenario and novelty in every aspect is required to address the need of the hour.”

Explaining how the “Barbell Strategy” was used to deal with the Indian economy during the pandemic, guest of honour, Sanjeev Sanyal, principal economic advisor, ministry of finance, Government of India, stated, “The idea behind the strategy is to combine two different strategies in order to deal with an uncertain situation. During the COVID crisis, the “Barbell Strategy” was adopted which involved hedging for the very worst outcome on one hand and making your way forward through “Bayesian Updating” of information.”

Also at the event, the Amity Excellence Awards were presented to Moore, Nishant Govil, MD (head of India – Tech and Ops), BlackRock and Arundhati Mukoo, president HR, Coffee Day Beverages.