BANGALORE: RajaRajeswari College of Engineering in association with Department of Management Studies conducted a two-day national conference on Global Economic Crisis and its impact on Indian corporates and government recently. It was a day-long event with totally 70 technical papers being presented on topics related to global economic crisis by research scholars and faculty members. Six eminent scholars and esteemed faculty mentors of universities were the chairpersons to assess and judge all the technical papers presented in the conference. Around 60 papers from the conference were published as a book.
The objective of the conference was to train students and equip them with current industry knowledge and skills of modern management. The event was inaugurated in the presence of chief guest and key note speaker Dr Prasanna Chandra, director of Centre for Financial Management and former professor at IIM-B, and Dr Vishwanth, Managing Director, KSSIDC.
Dr Prasanna Chandra, said, “The world has become an integrated financial and economic system. Today’s world economy requires a sustainable global economic order and for this, a comprehensive integrated risk management plan is highly recommended for every organisation.” He also added that the revenue of an organisation should be sourced from different verticals. He said, no single vertical should account to more than 25 per cent of the total revenue, no single client should contribute to more than 10 per cent of total revenue and one should ensure 40 per cent of the balance sheet is liquid financial funds.
Advising the students, Dr Vishwanth said, “The role of every stakeholder of a company in a global scenario should be clearly defined such that every individual is well-informed about his role in contributing to a positive change globally.”
The conference’s themes for technical paper presentations included finance, marketing, human resources, production and operations, entrepreneurship and other management disciplines. The conference reflected upon the problems of global financial meltdown that affected the livelihood of almost everyone in an increasingly interconnected world and elaborate on the solutions for them. It was a platform for innovative knowledge creation and dissemination, through discussions which helped solve the impact of global economic crisis.