Prof Lehmann of IMD, Lausanne spoke at IMI, highlighting the need for Indian managers to become multi-faceted.
Dr. C. S Venkata Ratnam, Director, IMI, welcomed Prof Lehmann and expressed pride that he had chosen IMI as a platform to speak to the leaders of tomorrow. ‘Meeting aspiring future global leaders is the singular reason that he has traveled all the way from Lausanne to IMI Delhi’, stated the Director in his introductory remarks.
Prof. Lehmann began by quoting from Charles Dickens’ “Classic Tale of Two Cities”: It was the best of times, it was the worst of times……………it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us”. And so it is with most countries today, he said. It depends where you look in the country. The share of OECD in world GDP has shrunk and technology
is moving faster than institutions. He criticised institutions like the WTO as being static. The dominance of the global economy by US & China – or “Chimerica” as he stated could be conceptualised as consisting of two parts - Western and Eastern Chimerica. The former represents the spend and consume part, while the latter, the save and produce part. The two “Chimericas”, thus share a symbiotic relationship. The world had never seen such a long period of extended growth and low inflation. It’s a huge opportunity. The opportunity however, needs to be exploited and the advice he offered future managers was simple yet powerful.
According to Prof Lehmann, to do well in a global era, managers need to strengthen themselves in four key areas - “The first important aspect is to acquire business related skills in finance, strategy, operations, etc. Secondly, they should have global knowledge, i.e. understanding of the global environment and the changing trends. Managers also need to be ethical the finally they must demonstrate committed citizenship, which is important to fulfill their role as socially responsible managers."
Globalisation has brought in many challenges for Indian businesses. "The biggest challenge is global competition. There is very intense competition where organizations need varied professional skills," said Prof Lehmann. Describing competition as an opportunity, he said, "Competition should be looked upon as a positive and healthy trend for growth."
About Prof. Jean-Pierre Lehmann:
Jean-Pierre Lehmann has been Professor of International Political Economy at IMD International Institute for Management Development since January 1997. His main areas of expertise are the socio-economic and business dynamics of East Asia, the impact of globalisation on developing countries and the government - business interface, especially in respect to the global trade and investment policy process. Located in Lausanne in Switzerland, International Institute for Management Development, (IMD) was founded in 1990. It was created in a merger between IMI, founded by Alcan Aluminium Ltd and IMEDE, founded by Nestle SA, two independent business schools. It has a long history of providing executive education.
International Management Institute (IMI) was established in 1981, as an autonomous non-profit educational society under the Societies Registration Act 1860 in collaboration with International Management Institute, Geneva to meet the widely felt need for internationally oriented management education/ training for managers at all levels in industry, government and public systems. The academic program’s of the institute continues to enjoy full support of the corporate sector as well as the Government of India
since its inception. Today, IMI holds a place of distinction among the premier schools of management for being the first corporate sponsored business school with strong international orientation in India.
IMI follows international standard curricula in its programs, which has been enriched by its academic collaborations with International Institute for Management Development (IIMD), Lausane (erstwhile International Management Institute, Geneva); Faculty of Management, McGill University, Montreal, and Manchester Business School, U.K, prepares participants to successfully manage and lead in an increasingly global business environment. IMI’s educational programs have been recognised by All India Council for Technical Education (AICTE) and Ministry of Human Resource Development, Govt. of India.
The corporate world in India, public, private, multinational companies, international consulting firms and other organizations have employed its alumni who are rightly called, the Achievers.
In addition, the institute offers a full range of custom-made in-company programs, and Management Development Programs (MDPs), all geared to enrich creativity and ability to manage in a dynamic global environment. The Institute also has an active research and consulting base including The Centre for Managing Innovation and Technology and the Centre for Social Sector Governance to enhance the body of knowledge.
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