XIMB holds Business Conclave on the Importance of Organisational Trust

XIMB Bhubaneswar: In order to deliberate and contribute towards the importance of building trust and how it is the stimulus needed to accelerate growth regardless of the prevailing economic climate, the first Business Conclave of the academic year 2018-19 was organized by the Placement Committee of XIMB-XUB on July 7, 2018. A congregation of scholars and practitioners, experts in their domain, gathered to discuss on the topic of “Building Trust for Organizational Growth” at Xavier Institute of Management, Bhubaneswar for the Conclave.

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The first speaker of the day, Mr. Amit Basu (ED (RS), ER, IOCL) highlighted how talented people and values promote organizational growth via trust amongst themselves. He pressed on the need for congruency amongst the team leaders at an instance of disapproval. He ended his delivery by stating, “Trust is going to be the new leadership mantra in the days to come”.

 

The next speaker was Mr. AC Ghosh (CGM (HR), ER, IOCL) who addressed his speech towards the Petroleum Industry, cited relevant examples to emphasize his opinion, stated the importance of customer feedback in building trust in any organization. He also opined that grievance redressal helps in building trust and relationship, and also adds value to the customer. “This five-letter word will become the base of management and the new management mantra”, he quoted.

 

Mr. Basant Kumar Thakur (Director (HR),NALCO), was the third speaker for the day . His advice for the future managers in the audience was to have respect for each other as well as the employees, for optimum results for the organization. He stated that the HR Policies should always have the goodwill of employees as their priority. In his address, Mr. Thakur quoted, “Trust is the lifeline and catalyst of any organizational relationship.”

 

As the final speaker for the day, Mr. Sebastian Joseph  (GM (HR), NTPC Limited) in his delivery shared that trust is built on the foundation stone of awareness, and that its meaning varies on the basis of different situations and contexts. He shared some valuable tips, on how to build trust in any organization, learnt from his extensive industry experience.

 

Dr. Amar KJR Nayak (Professor, XIMB; NABARD Chair Professor) served as the moderator for the event. He ended the session by sharing his perspective of Public Sector employees. He also emphasized the importance of inter-trust as well as intra-trust for an organization. This was followed by an interactive QnA session and panel discussion, with the students.

 

The event enlightened everyone present on the experience of the issues of building trust with organizations. The event helped to sensitize the students and all the participants on the importance of trust to leverage the growth of organizations, in the current economic scenario. This event was also successful in providing valuable insights to the participants, which would be essential for their overall development and their future endeavours.

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