Bhubaneswar: The three-day Business Excellent Summit of Xavier Institute of Management, Bhubaneswar(XIMB) concluded, here on Sunday. The day started with a panel discussion on the theme ‘Is Disruptive Innovation the only way to create value?’ It was followed by a leadership talk and sessions on the themes ‘How to tame Automation Sprawl?’ and ‘Invest. Innovate. Integrate’.
Community Operations Manager and Head of Manual Fraud Investigations at UBER Stalin Mohapatra, Executive Vice President and COO at Reliance Retail Kamadeba Mohanty, and Vice President at OYO Rooms Harshit Vyas were the panelists. Moderator of the discussion, Professor Operation Management, XIMB, W.S. William started the session by posing questions on how disruptive innovation is different from incremental innovation, how the consumers perceive value and how crucial is innovation-led growth for an organization.
Stalin Mohapatra discussed the various types of innovations. He also focused on how revolutionary innovation transitions into disruptive innovation and how it accentuates the ‘High 5’ policy responsible for Disruptive Innovation.
Kamadeba Mohanty highlighted the significance of creating businesses and retail stores that are closer to the hearts of customers. He gave the insights on how process innovation has brought about a change in the retail industry. “Developing price point should be as such that every customer is excited to buy the product”, he added.
Harshit Vyas dwell on the challenges faced during scaling up a business. He mentioned how a fast-moving scaling-up process poses hurdles in maintaining sustainability and delivery of good quality services. He concluded by saying, “To disrupt, you need to have an open culture as well as the will to perform in a highly growth-driven organization”.
During a simultaneous Leadership Talk delivered by Thickshake factory co-founder Yeshwanth Nag narrated an engrossing tale of his journey from an employee to an entrepreneur. He emphasized the importance of having an entrepreneurial mindset irrespective of one’s profession. One of his key advice was to observe one’s competitor, analyze the gap and then try filling the said gap. He concluded by saying “Making a big change in life is pretty scary but what’s scarier is regret”.
Director, Product Engineering & Digital Transformation Centers- Workplace & Mobility, DXC Technologies Sabyasachi Das, while talking on the theme ‘How to tame Automation Sprawl?’ , said “No tool is perfect. No tool will ever be. But is this gap that leads to automation sprawl”.
EVP and Country Head for PSU Clients at UTI Mutual Funds Siddhartha Dash spoke on the theme ‘Invest. Innovate. Integrate’. He said, “Innovation is so much more than products, it is about relevance and acceptance”.
The 3-day second edition of the Business Excellence Summit was concluded with a closing address by the deputy registrar of XUB Fr. V. Arockia Das and a vote of thanks by the XIMB general secretary Anjan Mohanty.