Bihar once called as a ‘Bimaru’ state has now come out from the quagmire of the sickness of development. Consequently, the resurgent face of Bihar is well appreciated across the country. Before that Bihar remained one of the least developed states of India. One of the important reasons for such a significant change in the development perspective is due to state’s good strides on economic fronts during the last one and half decade. The available statistics on Gross State Domestic Product (GSDP) indicate that the average annual growth rate during 1980s was 4.9 per cent which turned flat during 1991-92 to 1995-96. Similarly, during the period 2000-01 to 2004-05 the average annual growth rate at the constant prices of 2004-05 was reported to be 3.4 per cent. Since then there has been increasing trend in growth rate. The estimation indicates that the average annual growth rate at constant prices of 2004-05 was 10.2 during the period 2005-06 to 2009-10. However, during the period 2001-12 to 2016-17 the average annual growth rate at the constant prices of 2011-12 was 5.3 per cent. All these results of economic growth indicate that despite upward trend in growth rate in recent years the objective of sustainable growth is yet to be achieved.
If one looks at the economy of Bihar from socio-economic development point of view the story also does not go so well. The state is, by and large, lagging far behind in achieving the desirable level of socio-economic development which is quiet evident from various socio-economic indicators. For example, the incidence of poverty (poverty headcount ratio) during the year 2011-12 is 33.7 per cent meaning thereby that one-third of total population is below poverty line. The data on unemployment rate indicates that during the year 2015-16 it was 7.0 per cent in Bihar as against 6.0 per cent at the all-India level. Since both of these are reflections of the development profile of any region it can be said that Bihar has still to go forward to achieve the distinction of a developed state.
With our sincere endeavour to research and best practices in all spheres of management and education, we, at International School of Management, Patna (Bihar), India believe that our National Management Summit and Research Conference (NMSRC) is the best platform to explore, excel, debate and evaluate critical issues and recommend the best strategy to move forward to ensure success along with gratification and delight.
Challenges and Opportunities of Management in the Corporate World
16th & 17th December 2022
Brief Overview of NMSRC
Research and innovation go hand-in-hand. Identifying a problem and searching for the appropriate solution is not easy. It needs lots of studies, looking from divergent perspectives to understand what is most discussed and practiced. The researcher's arguments and views in the academic paper lead to innovation, new thoughts, and new perspectives. While researching, a scholar gathers evidence based on facts and logic beyond personal experience. Thus academic research papers open the door to more discourse and discussion.
The quality of research work translates directly to the students, society and the nation. We believe the National Management Summit and Research Conference (NMSRC) will provide a platform to promote research in a vast and diverse country like India. It is generally accepted that academic research has greatly contributed to solving many of the problems facing society and industry. There are many instances where corporate have resorted to academicians to search for suitable solutions for hot-burning issues. Your research paper will help identify the challenges and opportunities of management in the corporate world to shape a better future for society and the nation as a whole.
About the Theme -NMSRC 2022
Challenges and Opportunities of Management in the Corporate World
The 21st century is witnessing a great transition in the corporate. Instead of taking years to establish, it is turning into unicorns in five to ten years. Organizations are willing to raise the leading standards in the economy. In the 21st century, organizations have to gear up to establish better corporate governance and meet consumer and customer demands. They need to observe, adopt and apply an approach toward information that will help the organization exploit the enormous potential of information technology and systems for creating and sustaining a competitive advantage.
The evolution of digitization and digitalization strongly impact the global market. It has been influenced by the growth of large pools of liquid funds and more efficient capital markets to deploy them quickly. Factors include explosive growth in world GDP, rapid expansion in merchandise trade, cost-cutting and product quality improvement by firms seeking competitive advantage, and a revolution in communication technology. Considerations for strategists in the 21st century include corporate strategy, ethics, public values, social responsibility, and many more.
Contemporary companies face a radically changed environment. Technology influences and leaves a deep impact on global businesses. In the past three decades, the internet has facilitated a global connection between nearly everybody — and nearly everything. There is a vast scope for fuller and richer developments. The aim is to create a well managed corporate world. Artificial intelligence, the biological revolution and many other world-shaping innovations are still in their infancy.
Sub Themes:
*Sub-themes are not limited to the above areas only. The Committee may consider any paper covering a broader scope of Management if it suits the theme of the Conference.
Invited Speakers / Chairpersons
1) Dr. P K Agrawal, Retired Professor, B D College
2) Dr. Shailendra Kumar Sinha, Professor, A.N College Patna
3) Mr. Mohit Kumar, Regional Head, Eureka Forbes, Bihar
4) Mr. Vivek Kumar, Revenue Officer, NBPDCL, Bihar
5) Mr.Raman Sinha,General Manager - Insurance Ombudsman, LIC of India
6) Dr.N.K.Jha Principal Vanijya Mahavidyala, Patna University
7) Mr Aanand Bharti,General Manager, Axis Bank, Patna
8) Dr. Priyadarshini Narain, Head of Psychology Department, Patna University
9) Dr. Surendra Prasad. Professor, Magadh Mahila College, Patna University
10) Mr. Sanjeev Kumar, Executive Director (Corporate Services), MECON Limited, Ranchi
NMSRC 2022 Organizing Committee:
Chief Patron:
Shri Samrendra Singh
Chairman, ISM Patna
Patrons:
Mr. Deval Singh, Vice-Chairman, ISM Patna
Mr. Amal Singh, Secretary, ISM Patna
Convener:
Dr. Ravishankar Kumar Singh
Director, ISM Patna
Co-Convener:
Dr. Neshat Qamar
Assistant Prof., ISM Patna
Organizing Secretary:
Ms. Neeru Kumari
Administrator, ISM Patna
Submission Deadlines:
Receipt of Abstract & Full Paper: 15th November 2022
Confirmation of Acceptance: 20th November 2022*
*Accepted papers of the registered participants shall be published in an edited book bearing ISBN Number.
|
Participant Category |
Early Bird Registration |
Late Registrants |
|
Student |
Rs. 300 /- |
Rs. 500 /- |
|
Research Scholar* |
Rs. 700 /- |
Rs. 800 /- |
|
Academician |
Rs. 1000 /- |
Rs. 1100 /- |
|
Corporate |
Rs. 2000 /- |
Rs. 2500 /- |
Accommodation can be arranged for limited no. of participants in the Institute’s hostels/ hotels on payment basis, only with prior intimation to Co-convener at: nmsrc@ismpatna.ac.in
Bank Details:
A/C No: 442120110000612 IFSC Code: BKID0004421
All payments to be made in favour of “Research & Conference Cell” of the Institute maintained in Bank of India at Patna, Bihar.
Abstract & Full Papers as well as copy of remittances & filled in Registration Form be sent via email to: nmsrc@ismpatna.ac.in
Get In Touch:
www.ismpatna.ac.in (PG) www.ismp.ac.in (UG)
Sarari-Usri Road, Khagaul, Danapur, Patna (Bihar) - 801105
About NMSRC- 2021
To sustain in the ever-changing environment, we need to know it thoroughly. Through research, one can identify specific problems from divergent perspectives to understand what is most talked about and practiced. The researcher's arguments and views in the academic paper lead to innovation, new thoughts, and new perspectives. While doing research, a scholar gathers evidence based on facts and logic beyond personal experience. Thus academic research papers open the door to more discourse and discussion.
The quality of research work translates directly to the students, society and the nation. We believe that the National Management Summit and Research Conference (NMSRC) will provide a platform to promote research in a vast and diverse country like India. It has been generally accepted that academic research has greatly contributed to solving many of the problems facing our society and industry. There are many instances where industries have resorted to academicians to search for suitable solutions for hot burning issues. Your research paper will add more value in bringing desirable change in society and industry.
About the theme: Sustainability in Management - Global Perspectives
United Nations defines 'Sustainability' as meeting the current generation's needs to fulfill their goals without compromising the ability of future generations to accomplish their purposes. The rising prices of petrol and diesel, or the increase in the unemployment rate, are truly alarming. The changing business environment in the complex, uncertain and volatile world demands innovative thoughts and processes to generate more opportunities. We need to rethink and redesign business models and create a sustainable business environment that can revamp the current crisis that has crippled economies across the globe and make consumers rethink consumption habits. We cannot blame the government. It is the responsibility of all those related directly or indirectly to the production and consumption of goods and services to build a sustainable model that can stand still even when the economy suffers due to unseen exigencies like COVID. Think out of the box to reinvent, and re-engineer policies and financial models that can utilize the human resource to its optimum, technology to its best with the open economy. Therefore we welcome all academicians, business practitioners, researchers to this common platform to come and share their insights about sustainability in management and its global perspectives to strengthen our economy and help society at large.
Sub themes of NMSRC 2021
o Sustainable Finance: Challenges & Opportunities
o Nano-Finance: Sustainable Model of Finance
o Crypto Currency and Sustainable Finance
o Sustainable Finance and Practices by Start-ups
o Neuro-Finance and Behavioural Finance
o Innovations in Marketing for Sustainable Growth
o Big Data and Marketing Analytics
o Marketing Strategy in Digital Era
o Global Branding Issues in Marketing
o Sustainability & Information and Digital Technology
o Sustainable Management of Digital Transformation in Higher Education
o Sustainability in Data structures and Algorithms
o Sustainable development, ICT and Innovation
o The New Age HR: Strategies for Organization Excellence
o Building Agile Organization for Sustainable Economy
o Role of HR in Sustainability and Growth
o Technology & Work-Life Balance
About NMSRC- 2020
Knowledge is related to research goals and outcomes. The arguments made by the researcher in the academic paper lead to the mind of the scholar. Research allows us to identify specific problems from different angles or to understand what is most talked about. In doing research, a scholar gathers evidence based on facts and logic beyond personal experience. Thus academic research papers open the door to more discourse and discussion.
The basic principle behind research is the search for knowledge. The quality of research work translates directly to the quality of teaching and learning in the classroom, thereby benefiting students, society and the nation. We believe that the National Management Summit and Research Conference (NMSRC) will provide a platform to promote research in a vast and diverse country in India. It has been generally accepted that academic research has greatly contributed to solving many of the problems facing our society and industry. There are many instances where industries have resorted to the field of education to find solutions to important problems.
About the theme: Management & Development Perspectives in New Normal
In today’s business world, the changing business environment in the complex, uncertain and volatile world, is putting more challenges for the professional than ever before. The current crisis that has crippled economies across the globe, made consumers rethink consumption habits, movement restrictions served a body blow to most businesses and put the pressure on sustainability with innovation. Post covid-19, these organizations need for constant transformation of business processes and strategies to lead the change. In some cases, this will involve introduction of entirely new services and at very least will mean re-inventing and re-engineering processes and ways of working. The skill sets required to lead in these challenging times can often seem as complex and organizations must be able to absorb, assess and analyze information to identify the opportunities and threats and enable them to make the right decision at the right time. Therefore we welcome all academicians, business practitioners, researchers to this common platform to come and share their insights about the management and development in “new normal” business environments for a better and relished future
Sub themes of NMSRC 2020
o Ethical HR Policies and Practices
o Work From Home: “Issues and Challenges
o Talent Management
o Campus to Corporate : The Era of Digitalization
o Skills & Competency Management
o HR’s Journey: From Disruption to Reliever
o Logistics and Supply Chain Management
o Innovation and Disruption in Retailing
o Digital Adoption in Consumer Research
o Consumer Buying Behavior and Shopping Trends
o Innovations in Rural Marketing
o Digital Marketing of Services
o IOT & Life style
o Impact of Industry 4.O
o Business Intelligence Techniques
o ICT: Changing Forums
o Cyber Security: Prospects and Challenges
o Social Media Analytics
o Fintech in the New Normal
o Banking & Finance
o Investment Behavior
o Economic Challenges & Opportunities
o Stock Exchange Performance in the Pandemic
o An Assessment of Loan Defaults and its impacts on Profitability of Bank
Overview
International School of Management, Patna organized 3rd National Management Summit and Research Conference (NMSRC-2019). NMSRC has become leading podium for academicians, corporate, strategists, research scholars, management graduates and professionals of different domains. Confederation of Indian Industry (CII) Patna Chapter was organizing partner for NMSRC 2019. The conference was hosted at ISM Patna on 13th & 14th December 2019 after the success of the last two national conferences, NMSRC - 2018 and NMSRC - 2017 with new participants, new researches, new concepts and new thoughts. This conference intended to bring together and provide a common platform to accumulate and exchange the innovative ideas, latest knowledge and unique experiences for the benefits of researchers, corporates, academicians, students and other participants. The 1st conference interactions & opinions brought a great environment for researchers to love their work and the interactive sessions with vast experienced academicians from different universities and institutions deepen their motivation towards the research.
If one looks at the economy of Bihar from socio-economic development point of view the story also does not go so well. The state is, by and large, lagging far behind in achieving the desirable level of socio-economic development which is quite evident from various socio-economic indicators. For example, the incidence of poverty (poverty headcount ratio) during the year 2011-12 is 33.7 per cent meaning thereby that one-third of total population is below poverty line. The data on unemployment rate indicates that during the year 2015-16 it was 7.0 per cent as again 6.0 per cent at the all-India level. Since both of these are reflections of the development profile of any region it can be said that Bihar has still to go forward to achieve the distinction of a developed state.
Objective
Two years ago ISM Patna had taken a policy decision to organize a two-day National Management Summit and Research Conference (NMSRC) each year to ponder over various issues related to management and development. The proposed conference was a follow up action of the policy decision and coined as 3rd NMSRC. The focal theme of this conference was selected with specific mission
The objective of the conference was:
1. To provide a forum for discussions and a platform for exchange of research experiences as well as secondary findings about the future prospect of development in Bihar.
2. To emphasize, and identify the development challenges facing the state
3. Find out ways to overcome these challenges to accelerate the development process in the state so that it may be ranked as one of the developed states of the country.
Outcome
More than 15 research papers were presented in the Conference from professionals from Industry and Academia to highlight the issues of Development of Bihar.
1. A wide participation from Industry and Academia
2. Key drivers of growth were highlighted
3. Key challenges in economic development of the state was identified
4. All stakeholders working towards development of state were sensitized
Themes and Sub-Themes of NMSRC 2019:
1. Resources Management and Development
i. Natural Resources
ii. Human Resources
iii. Financial Resources
2. Integration of Industrialization
i. Basic Issues and Problems
ii. Industrialization
iii. Food Processing Industries
3. Transforming Agriculture
i. Structure and Growth of Agrarian Economy
ii. Agricultural Industry
iii. Agri-Business Management
Overview
International School of Management, Patna organized 2nd National Management Summit and Research Conference (NMSRC-2018). NMSRC has become leading podium for academicians, corporate, strategists, research scholars, management graduates and professionals of different domains. Confederation of Indian Industry (CII) Patna Chapter was organizing partner for NMSRC 2018. The conference was hosted at ISM Patna on 14th & 15th December 2018 after the successful 1st NMSRC - 2017 with new participants, new researches, new concepts and new thoughts. This conference intended to bring together and provide a common platform to accumulate and exchange the innovative ideas, latest knowledge and unique experiences for the benefits of researchers, corporates, academicians, students and other participants. The 1st conference interactions & opinions brought a great environment for researchers to love their work and the interactive sessions with vast experienced academicians from different universities and institutions deepen their motivation towards the research.
Objective
1. To highlight issues in Management field
2. To generate ideas capable to tackle these issues
3. To provide nationwide platform to academicians and scholars to demonstrate and apprise their ideas developed and tested
Outcome
1. Major issues and challenges in field of management were highlighted.
2. New ideas and concepts developed through research were shared through paper presentations and deliberations.
Sub Themes of the Conference
1. The Business Management and its Redefined Role
2. Conceptual Issues involved in Management and Development
3. Human Capital and Business Functions
4. India’s Development –Challenges and Business management
Overview
With sincere endeavour to research and best practices in all spheres of management and education, International School of Management, Patna (Bihar), India believe that our National Management Summit and Research Conference (NMSRC) would be the best platform to explore, excel, debate and evaluate critical issues and recommend the best strategy to move forward to ensure success along with gratification and delight.
The Indian business sectors have been still running out of issues and challenges in terms of their optimum growth so that their contribution to GDP may increase significantly. The management institutions and respective academicians across the country delicately involved in research on these issues to curb the adverse situation. Government and Industry are also endeavour very hard in this direction. The various government plans and innovative strategies of the industries are doing lot. NMSRC 2017 aimed at examining the major issues and challenges across the industries to bring about the solutions and innovative strategies to manage organisational growth. With this objective in view ISM organized NMSRC 2017 on the theme “National management Perspective”, proudly hosted annual and nationally acclaimed event on 15th – 16th December 2017 with acknowledging and highlighting the importance of current business scenario drivers to develop national competencies and success.
Objective
The conference had three broad themes which were categorically subdivided into six functional sub themes, to catch the interest of authors from different corners of India. In furtherance of the abovementioned issues and areas, the aims and objectives of conference were:
1. To identify the issues and challenges in the functioning of an organisation across the industries.
2. To discuss and analyse the present business scenario of Indian Industries.
3. To explore the best solution and practice to enhance the effectiveness of business organisations across the concerned areas.
Outcome
Faculty, research scholars, students of different management institutions participated in the conference with their original works. Altogether 46 manuscripts were received by the conference committee. Out of 46 manuscripts, 17 full papers were accepted for presentation. The conference can be attributed to achieve following outcomes:
1. Participation of over 100 experts including renowned academicians, corporates, policy makers and strategists from all over India
2. Major issues in the field of Management was highlighted
3. Development of key linkages between academia and industry.
Themes and Sub-Themes of NMSRC 2017:
1. Corporate Governance
i. Current issues and challenges in the functioning of organisation.
ii. The best solution and practice to enhance the effectiveness of organisations.
2. Industrial Development in India
i. Analysis of current business scenario of Indian Industry
ii. Prospects of Industrial growth in Bihar.
3. Business Organisations and Indian Economic Growth
i. Organisational initiatives to maximise the growth of Indian GDP.
ii. Government initiatives in helping industrial growth.
