The valedictory session of the International Conference “The Next leap: Exploring New Paradigms in Business” organised by the Centre for Business Administration, Central University of Jharkhand was held on Friday. The session was addressed by Prof Jean Dreze, noted economist and co-author of books with Nobel laureate Prof Amartya Sen, Prof Sanjaya Gaur, Auckland University of Technology & Director, Bank of India, New Zealand, and Anumeha, HR Head, Bihar & Jharkhand of Aditya Birla Minacs.
Prof T Ghoshal, Dean, School of Management Sciences welcomed the guests and informed everyone of the tremendous response received in terms of papers and participation in the conference and thaked everyone for the same. The speakers talked about the impending challenges for need for looking at business from a holistic point of view and align it to sustainable development of society. Prof. Jean Dreze stressed that the main challenge today is to create business practices that, while creating shareholders’ wealth is capable to making a meaningful difference in people’s lives. Prof. Gaur highlighted the five emerging paradigms of business - well connected customers, creating a liberated flexible workforce, asset-less enterprises, reversing values and variety seeking behaviour of customers and said that managers of today must meet these challenges effectively. Anumeha talked about the urgent need to create a work-life balance for maximizing productivity for industries. Eminent scholars, researchers, academicians and practitioners both form India as well as from New Zealand, Australia, Yemen, Russia, China etc. attended the valedictory session. DR A K Sarkar, organizing secretary extended the vote of thanks.