I am delighted to share with you that MMA has once again been honored by AIMA as the “Best Management Association”! This year’s winning marks the 14th consecutive time that MMA has secured this prestigious award. And it fills us with immense pride.
This remarkable achievement would not have been possible without the unwavering support of various stakeholders, including our dedicated President, Office Bearers, Past Presidents, Managing Committee members, and our esteemed large number of Members. I must express my heartfelt gratitude to my exceptional team at the MMA Secretariat, who have played an instrumental role in this achievement.
We extend our sincerest thanks to all of you for your invaluable contributions in helping MMA retain its position as the leading management association in India. Together, we have made this victory possible!
As the stock market continues to reach new highs, many retail investors, especially those looking to enter the market, may be feeling a bit apprehensive about the elevated index levels and valuations. While the broader retail investor community may be at risk of a steep market downturn, it’s essential to note that valuations in the current rally have reached stratospheric levels, particularly in stocks with low free floatable shares, which are shares of a company that can be publicly traded. Experts anticipate a decent investment cycle but express uncertainty about the quality of many stocks, given their historically weak execution and governance track records—a warning that retail investors should take seriously.
Against this backdrop, MMA organized a discussion on the theme “Indian Stock Markets: Overvalued or What?” featuring eminent panellists. The event took place on August 28, 2023. I am delighted to present an article that comprehensively covers this thought-provoking discussion, complete with embedded videos for your reading and viewing pleasure. We encourage you to peruse the article and watch the videos to gain valuable insights into the current state of the stock market.
Beware: Indian Start-Ups!
The Indian start-up ecosystem is rapidly expanding—currently ranked as the third-largest in the world—and attracting significant domestic and international capital. Governance in the start-up world encompasses various aspects, including statutory compliance, making informed decisions, and going beyond mere adherence to the letter of the law by embracing its spirit. It is crucial for start-ups to recognize the significance of complying with statutory regulations, as the law does not distinguish between intentional and inadvertent compliance lapses.
In this context, MMA has organized a series titled “Start-up India – Opportunities & Excitement,” where successful entrepreneurs and start-ups share their insights and success stories, revealing how they achieved their goals. I am pleased to present articles covering these events. We encourage you to explore these resources to gain a deeper understanding of the opportunities and challenges in the Indian start-up landscape.
Stay informed and stayed inspired on your entrepreneurial journey!
Empowering Women, the Formula for Prosperity
Today, the role of women extends far beyond the realm of social justice. Their role has evolved into an undeniable economic imperative that nations can no longer afford to ignore. Numerous research studies consistently uncover the tangible benefits of gender diversity in the workplace, revealing that it fosters creativity, enhances productivity, and boosts profitability.
To address gender disparities in political representation, the parliament passed the women’s reservation bill, which mandates one-third reservation for women in the Lok Sabha and Legislative Assemblies. As we move forward, the world must continue to innovate, collaborate, and invest in women’s empowerment. The road to economic prosperity and social advancement is paved with the contributions of women, and now is the time to expand and deepen these efforts, paving the way for a more inclusive and prosperous future.
In this context, MMA organized a panel discussion on “Voice of Change – Gender Portrayal from 30 Seconds to 3 Hours,” in association with IAA. A galaxy of eminent panelists shared their insights on this thought-provoking theme, inspiring us to work together to break gender biases. I am pleased to present an article covering this event, along with the embedded video in this issue, to inspire and promote women’s empowerment.
Let us continue to champion the cause of women’s progress and prosperity!
Enhancing Board Effectiveness as a Competitive Advantage
In today’s business landscape, corporate boards have evolved into more than just regulatory requirements; they can be a strategic asset for a company. Recognizing the significance of this evolution, MMA is organizing a discussion centred around the theme of the book “Inside the Boardroom – How Behaviour Trumps Rationality,” authored by Mr. R. Gopalakrishnan.
During this event, Mr. Vijay Sankar, Chairman of The Sanmar Group, will share his valuable insights on the theme and lead a stimulating conversation with the author. This discussion is scheduled to take place on October 6, 2023 at MMA Management Center.
We invite you to join us live on our social channels to watch this engaging discussion, or if you prefer, you can attend in person at MMA. Gain valuable insights and inspiration as we delve into the critical role of corporate boards in today’s dynamic business environment.
Mark your calendars and be a part of this enlightening discussion!
Ticking Age Clock
The 2023 India’s Ageing Report, published by the United Nations Population Fund and the International Institute of Population Sciences, serves as a sobering wake-up call for our society. It is high time that we shift our focus towards establishing a more supportive environment for our elderly citizens, with a particular emphasis on women’s well-being. This support should encompass income security, healthcare access, and social investments. Failure to address these crucial issues could lead us into a middle-income trap characterized by inequality, resulting in an aging population without the necessary financial security.
Let’s take this opportunity to examine the key areas where our society can make improvements to ensure a better quality of life for our aging population, especially women.
CavinKare – MMA Chinnikrishnan Innovation Award 2023:
Mr. Chinnikrishnan pioneered the “Sachet Revolution,” believing that what the affluent can enjoy, the common man should be able to afford. In a fitting tribute to his memory, the CavinKare MMA-Chinnikrishnan Innovation Awards celebrate innovation in India. The response to the Award has been overwhelming, with over 200 nominations pouring in from innovators across the country.
The grand Award ceremony took place in September 2023 at the Auditorium of IIT Madras Research Park to honor three exceptional innovators who received the CavinKare – MMA Chinnikrishnan Awards for 2023. These three outstanding awardees now stand as the shining jewels in the crown of the Chinnikrishnan Innovation Award.
In today’s world, there is an undeniable need for an unwavering focus on innovation to make products and services accessible to all. We invite you to join us in our mission to promote innovation. Mr. Suresh Narayanan, Managing Director of Nestle, was the Chief Guest at the Award ceremony. His thought-provoking address on innovation served as an inspiration and ignited the thought processes of all the participants.
I am delighted to present to you the article on Mr. Suresh Narayanan’s address, which includes an embedded video.
M. S. Swaminathan (1925 – 2023): The Architect of the Indian Green Revolution
With the passing of M. S. Swaminathan, India has bid farewell to one of its most esteemed and influential figures. He stood as a global leader in the Green Revolution and was the primary architect and guiding light in the realm of agricultural research and technology. Numerous milestones in agriculture could not have been reached without his invaluable guidance.
India’s journey to self-sufficiency in food production, and even its ability to export food grains, owes a significant debt to the contributions of M.S.Swaminathan. His tireless efforts played a pivotal role in saving millions of lives from the clutches of starvation. This giant among men, a true veteran, has completed his earthly journey, leaving behind a legacy that will be remembered and cherished with immense pride for generations to come.
22nd MMA All India Management Students Convention 2023
In today’s rapidly evolving world, sustainability has become more than just a buzzword; it has become a necessity for businesses to thrive in the long run. The MMA All-India Management Students Convention 2023 proudly presents the theme, “Innovate for a Responsible Tomorrow”. We believe that the future of successful business lies in creating sustainable models that prioritize technology, people, the planet and profit in equal measure. Together, let’s explore ground breaking ideas and actionable strategies to build a brighter and more responsible future for businesses and society. This convention seeks to provide key perspectives on “innovate to sustain” and share insights on the emerging trends around sustainability by focusing on technology.
Mr P Elango, Convention Chairman and other members of the Convention Committee have put in tremendous effort not only in conceptualizing the theme but also in identifying a galaxy of eminent speakers to address the Students during the Convention. I thank the Management Students and their respective B-Schools for the overwhelming response to our competitions and in particular “Chanakya – The Mastermind” which attracted over 5000 Management Students from all over India.
We are indeed delighted to present this special issue of Business Mandate on the occasion of the convention with interesting and thought provoking articles with embedded videos. I wish all the students participants at the Convention good luck and success in all their future endeavour.
As always, we would be happy to hear your views, comments and suggestions.