CRACKING THE “VUCA” CODE KEY TO SUCCESS – EXPERTS
Pune: At a time when the outlook is looking gloomy , rupee is depreciating trade wars are on and oil prices are rising , the future will be led by leaders who can adapt and navigate through these uncertain situations opined experts. CII Pune Zonal Council today organised the 9th Edition of CXO Meet 2019 in Pune.
Dr Sachidanand Shukla, Chief Economist, Mahindra Group; Mr Madhav Kalyan, CEO, J.P Morgan Chase Bank, Mr Arvind Sethi, Partner Assurance, SRBC & Co LLP , Mr Sachit Nayak, Convenor CII Finance & Taxation Panel and Finance Director- Eaton, Mr K Jayaprakash, Co- Convenor, CII Finance & Taxation Panel and Chief Financial Officer, Mahindra CIE Automotive Ltd and Mr Shrikant Bapat, Chairman, CII Pune Zonal Council and General Manager-Building Technologies & Solutions India and Managing Director, Johnson Controls (India) Pvt Ltd were present at the inaugural session.
Speaking on the occasion Mr Madhav Kalyan, CEO J.P Morgan Chase Bank India said, currently India is confronting its share of cyclical challenges but the long-term prospects of the country remains bright. India still remains one of the most macro-economically stable emerging markets despite some near-term challenges. It is heartening to see that the government is focused on structural reforms in order to protect and sustain the progress being made.
Delivering the theme address, Mr Arvind Sethi, Partner Assurance SRBC &Co LLP said that in all these uncertainties we need to be innovative and differentiators on an ongoing basis. Disruption is the new normal and the new workforce needs to take the digital path and stay ahead of the curve.
Dr Sachchidanand Shukla, Chief Economist, Mahindra Group spoke about the intersection of economics, finance and technology. He said that the breakneck speed of growth has suddenly stopped and the slump in the productivity might be the main reason behind sustained moderation in GDP growth in the post financial crisis period. Most shocks today are originating from the western world which has kept us on tender hooks. Citing the impact of profitless growth because of the collapse of nominal GDP growth, he added that inflation is related to the topline of the companies and the policy makers need to infuse some good inflation .
Mr Sachit Nayak, Convenor CII Finance & Taxation panel and Finance Director India – Eaton said that it is important to crack the VUCA code (Volatile , Uncertain, Complex and Ambiguous). The new leaders should lead in a collaborative way rather than with authority . We should be able to navigate through uncertain times . Then only Volatile can become Vision , Uncertain can become Understanding, Complex can become Clarity and Ambiguity can become Agility.
Around 170+ CXOs attended the conference.
This content was updated on request of the source
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