Hyderabad|India|November'2009: A Three Day National Seminar is being organized by the School of Management Studies, University of Hyderabad which was inaugurated by Mr. Cornelis M. Keur, Consul General, Consulate General of the United States of America, Hyderabad today at the School of Management Studies Auditorium in the presence of dignitaries including Mr. Patrick Moon, Principal Deputy Secretary of State and Prof. Prakash C. Sarangi, Pro-Vice-Chancellor, University of Hyderabad. The Chief Guest highlighted the need to pay attention to not only the IT sector but also the agricultural sector. He also emphasized the need to develop the manufacturing sector and achieve efficiency. He expressed his happiness at the progress made by the University of Hyderabad which has been ranked No.1 in the country and also School of Management Studies which has registered on impressive growth in the last decade since its establishment.

Mr. Keur said that the world wide economic recession had also affected the number of visa applications and said that during recession it was important to marshal resources and put them to a good use with a sharp focus on the results.

In his key note address, Sri M. Gopala Krishna, Chairman, IIPA, A.P. Regional Branch, said that change and uncertainty have to be managed imaginatively and effectively by proper prioritization and implementation within a focused time frame. It also requires constant monitoring, if required needs mid course corrections. He said that corporates should examine the issues relating to predictability, sustainability, riskability , flexibility and profitability. Embracing change means welcoming and accepting change. This involves a course of leading change more importantly which is proactive in nature. The simultaneous changes introduced by the US, China and India have given positive results and have given hopes of an improved economic growth from 2010 onwards.

Though there are a host of factors which can affect and influence the course of recession, it is important that corporates should continuously plan and also prepare a contingency plan to face even worst situations.

Prof. V. Venkata Ramana, Dean of the School while welcoming the delegates from all over India outlined the progress made by the School of Management Studies, University of Hyderabad and the relevance of the seminar. He highlighted the increased collaborative activities being undertaken by the School and informed about the Global Entrepreneurship MBA programme to be offered for the students of San Diego State University from next year.

Prof. Prakash C. Sarangi, Pro Vice-Chancellor mentioned that the University of Hyderabad was constantly changing in view of the growing competition amongst the Universities both nationally and internationally which has resulted in it being ranked as No. 1 in the country. This was because of its excellent record of teaching, research and extension work over the years. He said that the University has always welcomed new ideas and new concepts which are relevant and useful.

Prof. V. Sita, Seminar Coordinator gave details of the papers received and the schedule for the Three Day seminar which would be very useful and will throw up many practical and implementable ideas to face the uncertainty and enables one to embrace change. The topics to be covered in the seminar are Strategy/Governance/IT , Human Resource Management, Managing in an Uncertain Economic Era – Innovations in Indian Banking Sector and Managing Business in Uncertain Economic Era.

Dr. Mary Jessica, Faculty SMS, welcomed the guests and introduced the key speakers.

Earlier, Mr. Patrick Moon, Principal, Deputy Assistant, Secretary (SCA) from US Dept. of State planted a sapling to commemorate his maiden visit to the School of Management Studies, University of Hyderabad which was witnessed by the delegates and many professors from Hyderabad and elsewhere who were the prominent attendees.

Reachout's News Bureau
November' 2009