Here you will find the key highlights and remarkable points which will be Useful for Researchers/ Industry Expert.
In the vast area of commerce and management, the one-day National Conference held at K. M. E. Society’s G. M Momin Women’s College, Bhiwandi, was a melting pot of ideas and discussions. With a focus on innovation, education, and the bridge between academia and the corporate world, the conference brought together experts, industry leaders, and academia to delve into the challenges and opportunities shaping our economic future.
Panel 1: Innovation in Commerce and Management The first panel sparked conversations on the transformative power of innovation in stimulating India’s economic growth. A noteworthy discussion revolved around the changing nature of life, with a criticism on the increasing trend of youths switching jobs. Panel members were highly critical on this latest trend of job switching and freedom of choice. They were focusing on the idea of loyalty and continuity to one’s root. However, the consensus leaned towards viewing the freedom of choice and job selection as a positive aspect, integral to personal and professional growth.
Dr Anjum Ara MK Ahmad highlighted how suitable business practices act as driving forces for innovation. The discourse also touched upon the National Educational Policy (NEP), advocating for language flexibility in exams to accommodate diverse linguistic preferences.
Key Takeaways:
- The Role of AI and Machine Learning in Management
- Dynamism’s- Impact on Development and Innovation
- Key Drivers of Innovation in Media Economy
- Reform in Education, Creativity, and Problem Solving
- The Significance of Innovation in Economic Growth
- Implementing Islamic Banking in Curriculum
Panel 2: Bridging the Gap between Formal Education and Corporate Demands This panel delved into the critical junction between formal education and the corporate realm. Dr Sandeep Nemlekar emphasized the supremacy of purpose over institutional goals, encouraging individuals to align personal aspirations with institutional objectives.
A startling statistic brought to light by Mr Mizab Bhoje revealed that 49% of individuals are not getting jobs. The discourse highlighted the pivotal role of soft skills and personal development, with 85% of job placements attributed to people skills.
Key Takeaways:
- Significance of Soft Skills in Employability
- Demand-Driven Approach in Education
- Industry-Academia Partnership
- Challenges in the Healthcare Industry
- Skill Upgradation for Employability
- Problem of Demand and Supply Chain in Employment
Emerging Trends Explored: The conference also touched upon various emerging trends shaping industries and economies. These included:
- Industrialization and Economic Growth
- Implementation of AI for Business Enhancement
- Automation and Blockchain Technologies
- Emphasis on Ethical Practices
- Corporate Social Responsibility (CSR)
- Trends in E-Marketing, Digital Marketing, and Video Marketing
- Customization and Predictive Analytics
- Augmented Reality (AR) and Customer Experience
- Meta Data in Business Strategy
Conclusion: The conference was a testament to the collaborative efforts of academia and industry professionals in navigating the complexities of commerce and management. The insights gained and the dialogues initiated pave the way for a more informed and innovative approach to addressing the challenges and harnessing the opportunities in our economic landscape. As we embrace the future, it is evident that a holistic integration of education, innovation, and industry collaboration will be the driving force for sustainable economic growth.
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