ICFAI Group conducts N.J Yasaswy Commemoration Lectures at various IBS campuses
The NJ Yasaswy Commemoration Lectures are organized annually by The ICFAI Group in honor of Late Sri N J Yasaswy, its founder. The second edition of N J Yasaswy Commemoration lectures were delivered by eminent speakers from the industry and academia.
The speakers and the essence of their speeches in the various campuses are as follows:
Kavil Ramachandran, Thomas Schmidheiny Chair of Family Business and Wealth Management at Indian School of Business and former advisor to the Government of India, World Bank and SEBI spoke in IBS Hyderabad campus on October 8, 2013. His topic was Institution Building: Challenges, Experiences and Learnings.
According to Ramachandran, the greatest institutes around the globe share a few common features, namely– a clear sense of purpose, values, being change agents as well as adapters, selfless and dynamic leadership and interpersonal trust amongst employees. While elaborating on the role played by various visionary entrepreneurs like the Tatas in India, he also lauded steps taken by organizations like IBM, Merck and IIM-A to build institutions par excellence. “They have overcome challenges like organizational politics, remained grounded and ensured the continuity of their institution’s growth with smooth leadership successions,” he said.
On October 25, 2013, Anand Halve, Co-founder of Chlorophyll Brand & Communications Consultancy Ltd. Addressed to the students of IBS Pune campus. His topic was Higher Education: Thought-Starters for Mind training.
Halve advised the students “Develop a view point and stick to it even if you have to take controversial decisions. You should be strong enough to back these with rationale and have the guts to stand by those convictions.”
He further mentioned the difficulties in transforming people in a hurry, as this does not happen in a day. One has to be patient to earn what one desires.
It is imperative to learn to differentiate between meritocracy and compassion; Popular vs. standards; friendship vs. objectivity as it is definitely lonely at the top. Everything is a grey elephant. Memories are not short lived as you carry bags and baggage from the past. These are your precious learnings.
Dr. F.C. Kohli, Former Deputy Chairman, TCS spoke on October 29, 2013 at IBS Mumbai on Computerization for India- Challenges Ahead. Dr. F.C. Kohli highlighted that brilliant students entering engineering courses pass out as average engineers owing to outdated curricula being used by universities. He said that incorrect placements lead to mechanical engineers being placed in software designing jobs due to lack of hardware companies. “For India to grow in computerization, we need more hardware manufacturing companies, more translators who can translate from Indian languages into English.” Dr. Kohli added further.
M S Sahoo, Secretary of The Institute of Company Secretaries of India spoke at IBS Gurgaon campus on October 29, 2013. His topic was Investor Protection in Indian Capital Market. Sahoo gave an overview of the regulatory mechanism prevalent in Indian Securities Markets and highlighted the role that SEBI is playing in investors’ protection. According to him there are four pillars which protect the interest of investors in securities markets and help the market to mobilize savings of the surplus units of the economy.
Sahoo quoted the four pillars “Investor Education to create a class of knowledgeable investors in the economy, a well-developed regulatory mechanism to provide safety to the investors, presence of a system to rescue them in case of need and the regulator needs to control the miscreants in the market place.” His emphasis was full disclosure of information to the investing class so that they make informed investment decisions. “Rather than focusing upon KYC, we should focus on KYP (know Your Product)” concluded Sahoo.
On October 31, 2013, IBS Bangalore saw Gerd Hoefner, Managing Director & CEO, Siemens Technology & Services Pvt. Ltd. Speak on Challenges & Issues in Cross-Cultural Management.
Indian managers should pay increased attention to these cultural aspects and should be flagging known problems at the earliest, proactively solving the problem, and taking a firm stand towards customer situations
Hoefner believed “The Culture per se is not good or bad, it is simply different. Different cultural aspects may have pros and cons from one’s own perspective, it is important to be aware of and accept cultural differences. Today’s organization and Business contexts should embrace a global value system and intercultural training helps achieve this to a great extent.”
While talking about the Indian management systems he quoted, “In India agriculture is still dominating and 60% of the workforce is in agriculture, and in management we do have an ‘agree-culture’!
Dr. Mallika Sarabhai, Publisher, Activist, Writer, Actor and Communicator spoke at IBS Ahmedabad campus on October 30, 2013. She talked on the topic ‘Towards Success: The Path Less Taken’.
Dr. Sarabhai made everyone realize that they are in this world for some purpose. She advised the students “Be responsible for your actions. Choose the path of your own self and same path will lead towards Success which is normally less taken.”
She further said that, the chosen own path will bring the biggest achievement of life and that is Happiness. “Choose the degree and job of your choice rather on somebody else’s say. Don’t keep hobbies, make them your career.” She also shared the life experiences and the thoughts of the late Vikram Sarabhai her father. Vikram Sarabhai advised her to choose between two paths. One will be decided by others for you, if you choose it, you will be loved by everyone, but if you choose the one decided by your own self then criticism might add up.” She also shared her life experience of choosing the path which was tough but had made her happy. She gave the message specifically to students “Have courage to be happy and keep looking at yourself. Do things which you want for helping people and nation.”
About N J Yasaswy
N J Yasaswy (1950-2011) was the founder of the ICFAI Group of educational institutions and a pioneer to promote higher education in the private sectorhad a brilliant academic career throughout: B.Com (Andhra University 1969 – First Rank), C.A. Inter (May 1971 – First Rank), C.A. Final (May 1973 – First Rank), ICWA Inter (July 1970 – First Rank) and ICWA Final (July 1972 – First Rank). He was the recipient of Basu Foundation Award for the Best Student of the Year from both – The Institute of Cost and Works Accountants of India
(in 1972) and The Institute of Chartered Accountants of India (in 1973).
During 1974 – 1980, Yasaswy was associated as a Faculty Member with Administrative Staff College of India. In 1981, he started his consultancy firm, Yasaswy Management Associates (P) Limited.
Yasaswy served on the Board of Studies of Nagarjuna University (1978-80). He was appointed by the Government of Andhra Pradesh as Chairman, Andhra Pradesh State Trading Corporation (1985-88) and Vice-Chairman, Public Enterprises Management Board (1986-88). He was a visiting faculty at Indian Institute of Management, Ahmedabad (1986-88) and was nominated as a Member on SEBI Committee on Accounting Standards. He was a member of the board of directors of the Association of Certified International Investment Analysts, Switzerland. He authored several books on finance and investments.
Mr. Yasaswy built the ICFAI group started as a single institute in 1985 without governmental sop or institutional funding, in an era where government support was always the norm. Yasaswy chose to spend his full energy on the fledgling institution and over the years it grew to become a monument to what ambition can deliver. He was instrumental in building of several business schools and about a dozen.
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