The Entrepreneurship and Consulting Cell (E-CON) of SCMHRD organized a 2-day event on Panel discussion comprising of Industry leaders and stalwarts from global consultancies and fast-growing startups to share their insights and ideas on future has in store.
The first day witnessed a panel discussion in Consulting domain on the topic ‘Disruptive Innovations in Management Consulting’ moderated by Mr. Tejas Shyam, an Edupreneur, Founder at The Education Society, and a visiting faculty at SCMHRD. The panel comprised of Mr. Parth Chate – Director Consulting at EY, Mr. Varun Dhingra – CEO of Renous Consulting, Ms. Manjari Sharma – Engagement Manager at Kearney and Ms. Ritika Mathur – Chief of Staff to CEO at Grant Thornton. The panel discussion focused on the main responsibilities of management consultants including solving business problems through understanding them, building strategies and executing them and enabling operations. The next area of discussion was the impact of digitization on the domain and the disruptions in that regard. Technology is at the center of everything that is done. An important aspect of discussion was the challenges and disruptions in management consulting and how students could contribute to the same. Management Consulting is shifting slowly and gradually in the way it operates. Business travel has been limited to essential work and a shift in the business model is anticipated. The nuances around how recommendations are implemented are changing too with more organizations wanting consultants to not just suggest solutions but help them with implementations too thereby tackling the problems faced along.
The second day focused on the topic ‘India A Global Unicorn Hub, Opportunities and Challenges’ moderated by Mr. Kunj Sanghavi, COO of InsideIIM.com. The panel comprised of Mr. Bhisham Bhateja – Co-Founder at The Man Company, Mr. Lalit Keshre – Co-founder and CEO at Groww, Mr. Vikas D Nahar – Founder director at Happilo International and Mr. Puneet Manuja – Co-founder at YourDost. The discussion opened on the difficulties faced by entrepreneurs to create successful start-ups or unicorns in India. According to the panelists, there are different opinions and points of view on measuring the success of a company. The panelists were then asked to give their point of view on the relative importance of valuation and profitability given that profitability vs valuation becomes a fork down the road. According to them both approaches are important, and an entrepreneur discovers the balance between both overtime with experience. our panelists expressed that there are various factors that push towards being an entrepreneur like being able to be in control of one’s destiny, the thrill of being an entrepreneur, the uncertainty, the opportunity of doing different things and a chance to contribute to the society.
The event ended with Vote of Thanks by Prof. Dr. K Rajagopal. He emphasized on how these discussions would be fruitful for the young students of SCMHRD who would be galloping into industry of tomorrow.