Bhubaneswar: The 25th IAJBS World Forum is being held here in the Xavier Institute of Management, Bhubaneswar, campus. The theme of the conference is Innovate and Flourish. Jesuit faculties, delegates and other invited dignitaries are attending the conference.
The Forum is being addressed IAJBS president Prof Joseph M Phillips, past president of IAJBS Dr Rodolfo P Ang, S. Peppin, Academic Dean, Xavier School of Sustainability, Father Paul Fernandez, Vice Chancellor, XUB, R Gopalkrishnan, Jesuit alumnus from Xavier College, Kolkata and Harvard Business School.
Dr Carlos Moslares Garcia (Dean, IQS School of Management), Prof Susan Dann (Nat Peter Faber Business School, Australian Catholic University), Prof Joseph M Phillips (Dean, Albers School of Business & Economics, Seattle University, USA) deliberated on the topic ‘How to create a flourishing Business School in a Global Economy?’ Prof Amar K J R Nayak (Strategic Management, XIMB) moderated the discussion.
The conference progressed with the third panel discussion, moderated by Prof. Arup Varma (Loyola University, Chicago), comprising Mr. Richard Lobo (Head, HR & Executive VP, Infosys Limited), Dr. N S Rajan (CEO, IDFC Foundation), and Mr. Rana Sinha (Additional Non Executive Independent Director of Ramkrishna Forgings Limited, Jamshedpur), discussed about “Business Education for a Flourishing World”.
The panel session began with Fr. E. Abraham, S.J. (Former Director, XLRI and XIMB) presenting the rope of honour to the dignitaries, and Fr. Paul Fernandes, S.J. presenting the rope of honour to Fr. E. Abraham.
The first cluster began with a brief introduction about the session plan and norms to be followed by the moderator, Dr. David Edward G. Jimenez, Anteneo de Manila University, Quezon City, Phillipines. Ram from Loyola University Chicago, alumni of XUB deliberated upon how CSR & HRM is an Ethical Perspective. He cited examples such as the isolation of tribe North Sentinel Island in Andaman & Nicobar to state the importance of CSR activities. Manodip Ray Chaudhuri, Xavier University Kolkata spoke about Human Asset Management in International Workplaces. Manindra Nayak, Xavier University deliberated on Innovation in Business and Insolvency & Bankruptcy Code (IBC). He focused on the recovery of debts and showcased how the implementation of IBC has led to an early insolvency resolution. He stated the World Bank’s parameters for ease of doing business and displayed how India has improved from 133rd to 77th position in ease of doing business after IBC legislation. He demonstrated how the involvement of 5 critical financial institutions has improved the recovery rate to 43% and has led to a 70000 cr recovery in 2019. However, there are some limitations to be worked on like the average resolution timeline is 324 days which is above the 270 day limit set out in the code. Bikram Bahinipati, Xavier University spoke on Innovative & Collaborative Framework for Sustainable Supply Chain Management. He explained the triple bottom line that consists of the environmental, economic and socio-political aspects. He suggested that there should be a voluntary integration of business, social and natural resources.
Dr. Elena Lvina, (AsstProf., Management Department, E.K. Haub School of Business, Saint Joseph’s University, USA) emphasised on the significance of Circular Economy and its relevance, The issues with linear processing/economy and how universities can fill the missing links and act as incubators. She delivered her paper on the topic- Why University-led innovation in conjunction with social entrepreneurship is key for the circular economy. ArijitMitra (Asst. Prof., XIMB, India) accentuated on the question of his research which was “Whether disruption mean only Innovation?”
Dr.SuzeteAntonietaLizote from Brazil stressed on the importance of sustainable development goals . Dr.Anup Krishnamurthy (Asst. Prof. of Marketing, St. Joseph’s Institute of Management, Bangalore, India) presented his paper on charitable giving in a capitalist economy.
The conference further witnessed its Second Parallel Session of the day in 3 different clusters. The theme for the entire session was “Frontiers of Jesuit Business Education”.
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