Leadership Forum: Demystifying leadership: Unveiling the Business Success sutras
“Leadership is one of the most observed and least understood phenomena on earth”
-James MacGregor Burns
Rationale:
The business landscape is changing incredibly fast. In the ‘future of work’, there shall be no fixed rules! Research and experience shows that different business situations shall require different styles of leadership. While some aspects of leadership, such as setting a vision and executing on strategy, will remain, the leaders of tomorrow will need to possess a new arsenal of competencies, skills and mindsets to lead effectively. Future leaders need to be explorers of old practices and at the same time embrace the unknown. Leaders need to be able to think on their feet, get imaginative, and embrace uncertainty and volatility to build strong teams, manage workforce transitions arising as a result of artificial intelligence and above all develop a thriving organizational culture.
Demystifying Leadership is the need of the hour. It’s important for the Leaders worldwide to successfully embrace the continuous changes in technology, economy, environment, and government policies across all sectors while remaining focused on the organizational vison, mission and goals to stay ahead and remain competitive.
Scope: The rise in technology adoption by businesses, its stakeholders and consumers, the economic fallout of the pandemic across the world, and growing geo-political tensions worldwide are some of the recent issues which confront organizations. The Forum through its discussions and deliberations shall cover the deepest aspects of leadership and identify several key competencies and skills required of leaders in the ‘future of work’.
This forum shall provide a platform for thought leaders, industry practitioners at all levels, academicians, entrepreneurs, and research scholars to come together, to learn, share and discuss current and emerging aspects of desired leadership.
Outcome: The discussions and deliberations in the Forum shall explore the future concept of leadership. It shall provide key takeaways that will help leaders at all levels step up in their leadership behaviour particularly in the transition to being an expert leader to facilitate both business and human capital excellence. The participants of the Forum will learn boundless insights and strategies from some of the corporate world’s most eminent leaders. The Forum shall be a great knowledge-sharing event for a diverse audience embracing international and national participants.
Human Resource Forum: Leveraging Analytics – Innovation across HR Value Chain
With rapid technological advancements, leveraging analytics in human resources can be a game changer for organizations to achieve a competitive advantage. Companies are exerting significant effort to develop digital capabilities to unearth innovative ideas that could improve their competitive advantage.
In this ever-evolving landscape, analytics plays a crucial role in the initial phases of the human resource value chain to its last stages from recruitment to employee retention. Capitalising analytics in today's work environment can help align human resource strategies with overall business strategies along with success. Companies are exerting significant effort to develop digital capabilities to unearth innovative ideas that could improve their competitive advantage.
Rationale
The rationalization of the HR Forum is to understand how analytics can be used in each stage of the human resource value chain. The rationale behind the forum’s deliberations is to be able to effectively handle the large amount of data created to enhance the innovation across the Human Resources Value chain.
Human resources (HR) analytics enables managers to replace decision-making based on anecdotal experience, hierarchy, and risk avoidance with higher-quality data-driven decisions based on data analysis, by improving employee performance & engagement, the result would lead to increased job satisfaction. By concentrating on skill gaps in employees, Learning and Development programs can help in improving the performance and reducing knowledge & skill gaps.
Scope:Analytics can identify the potential sources of recruitment that can help in easy hiring of suitable candidates. Analysing data generated from performance metrics can help in identifying high performance employees. Analytics can help in bridging the gap between the skills and knowledge between current and existed. Predictive analytics can help in forecasting the future needs for the firm.
Outcome :Human Resources analytics impacts various HRM activities including selection, appraisal, compensation, rewards, and development to maximize their impact on organizational performance. HR analytics uses data and insights to improve human resource management and performance. Leveraging HR Analytics can help organizations make better decisions, optimize processes, enhance employee engagement, and align the workforce with the strategic goals.
Overall, technology has had a significant impact on HRM, improving efficiency and streamlining HR Value Chain processes. However, it is important for HR professionals to stay up to date with the latest technological developments to effectively utilize these tools and continue to provide high-quality HR services.
Operations & Quality Forum: Leveraging Analytics, sustainability and innovations in Operations & Quality
The ever growing blend of analytics, sustainability, and innovation has sparked new opportunities and challenges in the area of Quality & Operations. These pillars of modern business management are constantly rejigging the way organizations operate adding new dimensions to traditional practices and necessitating a holistic approach to ensure sustainable growth and profitability.Data driven decision making has always been a high point in all manufacturing & Quality domains. The advent of business analytics has revolutionized this aspect by providing organizations with unprecedented ability of data mining. The plethora of data that was already available in companies is being put to amazing use and applications thanks to business analytics.
The prefix sustainable has become so integrated with operations that the latter can not be meaningfully described alone in any context. Customers, investors, and regulators alike are demanding higher standards of ethical practices and environmental responsibility. Operational leaders therefore are always at work to strike the balance between profitability and environmental protection to achieve sound corporate image and viability of long-term business.
The ever-rising demands and expectations of customers for the quality products & services are driving product & process technology innovations entailing strategic alignment and realignment in manufacturing and quality operations. The traditional practices are being fast replaced to bring about the much-needed agility and adaptability in the production & service systems. Opportunities never come without the associated challenges. Managing and analysing vast amounts of data demands robust data structure, maintenance and privacy measures. Ensuring transparency in sustainable practices requires constant monitoring and reporting, entailing an additional layer of complexity to existing operations. Industry leaders are always facing the complex business decisions of requiring substantial investments to onboard a cutting-edge technology in the volatile and uncertain product demands.
In short, the new paradigms of business management in the era of analytics, sustainability, and innovation have brought about radical changes in the Quality and Operations perspectives throwing open infinite possibilities and opportunities.
Marketing Forum: Role of Analytics in Contemporary Marketing
In the modern business world, data analytics has become an indispensable tool for marketers to understand and engage with their customers in a more targeted and effective way. By collecting and analysing data from various sources, marketers can gain valuable insights into customer behaviour, preferences, and trends, which can be used to make informed marketing decisions. Predictive lead scoring models leverage marketing data from all channels, as well as internal data, to create a full picture of customer behaviour, advertising potential, and marketing opportunities. Analytics can clarify the big picture, as well as dig down into more granular marketing information.
Finance Forum: New paradigms of Finance function in the era of analytics, innovation, and sustainability
The finance function is evolving into a dynamic and strategic entity, driven by analytics, innovation, and sustainability principles. Embracing these new paradigms enables finance professionals to contribute significantly to their organizations' success in an ever-changing business landscape. In the era of analytics, innovation, and sustainability, the finance function is undergoing significant transformation, where finance professionals can harness big data and advance analytics to gain deeper insights into financial performance, identify trends, and make more informed strategic decisions. Data-driven decision-making allows finance professionals to be proactive and responsive to changing market conditions.
Finance teams now have access to vast amounts of information from various sources and ss the business landscape becomes more complex; finance teams need to be vigilant in managing risks and ensuring compliance with evolving regulations. Further sustainability becomes a key focus for businesses, the finance function is playing a crucial role in measuring, tracking, and reporting sustainability metrics. Integrated sustainability reporting combines financial and non-financial data to present a comprehensive view of a company's environmental, social, and governance (ESG) performance.
With this vivid platform multiferous aspects of contemporaries in financial functions with a multi-stakeholder and inclusivity perspective will be discussed for building a stable and reliable Finance function.