“Learn from yesterday; live for today; hope for tomorrow.”
Wishing you a very happy and prosperous New Year filled with personal and professional accomplishments.
MMA dedicated 2023 to promoting management education, training, and development through numerous activities, serving as a catalyst for professional growth. This commitment extends beyond our esteemed members to the broader community, embodying our ethos of inclusive knowledge sharing.
Stepping into 2024, MMA remains committed to being the fountainhead of world-class management excellence in India. Our fusion of Indian ethos with global management practices positions us as a beacon of wisdom and innovation.
In 2023, MMA orchestrated an impressive 750 executive development activities, showcasing our prowess in impactful learning experiences. These events underscore our dedication to nurturing the next generation of leaders.
As we look ahead to 2024, MMA expresses heartfelt gratitude to our esteemed members, partners, and the entire MMA community. Your unwavering support has been the driving force behind our accomplishments. Together, let’s scale even greater heights in the coming year.
Wishing you a joyous and prosperous New Year filled with success, growth, and the realization of all your endeavors.
MMA Annual Convention 2024
The future of business is not what it used to be. Radical changes in the business environment and technologies are creating new winners and losers. India is the fastest-growing economy in the world today. With over 650 million internet users and low-cost data, India is one of the largest and fastest-growing digital economies. India is entering 2024 on a confident note with high growth and moderating inflation. Optimism is in the air, and our focus should move to growth that’s more broad-based and inclusive. India is likely to benefit, given the high levels of interest shown by global players in “Make in India.”
As we think about our next 25 years and leapfrogging into the future, we need to ensure that our growth is broad-based, inclusive, and sustainable.
The MMA Annual Convention on the theme “India@2047 – Leapfrogging to the Future” will focus closely on understanding how India can leapfrog into the future and on evaluating the different ways you can keep your business on track. Block your diary on Saturday, 10th February 2024, to be with us at Hotel Taj Coramandel for this one-of-a-kind event at MMA. A galaxy of eminent speakers will be addressing the delegates during the convention. Click to view the brochure and get more details about the convention. Looking forward to seeing you at our flagship event!
AI and Business
Businesses globally have invested around $3 billion in generative AI ventures. The skills of the future revolve around AI literacy. We must be able to understand what AI literacy entails for every function and every person in the organization. We have to enhance skill sets through education, with the help of knowledge-sharing sessions with experts. It is vital to elevate the level of resources, skill sets, etc. Google revealed that its work on BARD, a generative Artificial Intelligence (AI) model, had resulted in a much more formidable competitor to Microsoft-backed Open AI’s ChatGPT. Google’s new model is called Gemini, and it can work with videos, images, and, of course, text. The model is already available in over 170 countries and comes as an add-on to BARD.
In this context, MMA organized a thought-provoking presentation by Mr. Gopi Kallayil, Chief Business Strategist, AI – Google, USA, on “AI for Business” at MMA on 21 December 2023. Please click to watch and understand what AI literacy means for every function and every person in the organization.
The Challenges of Family Businesses
India proudly ranks third globally in terms of the number of family-owned businesses, a testament to its vibrant entrepreneurial spirit. This revelation stems from a comprehensive research report that scrutinized 1,015 companies with a market capitalization of $250 million or more. The report further adds that India’s family-owned enterprises are making waves in the Asian business landscape. More than half of the top 30 best-performing family-owned companies in Asia hail from India. Yet, there is another side to this coin. Emerging family-owned enterprises face their fair share of challenges. The casualties of family disputes range from close relationships to the health of disputants, all of which can have an adverse impact on their businesses and other stakeholders as well.
In this context MMA is organising a discussion on the theme “Beyond Three Generations: The Definitive Guide to Building Enduring Indian Family Businesses” with outstanding panellists on 8th January 2024 at MMA Management Center.
Click to view the invitation and join us in person or watch the program live.
Chennai Floods
The heavy rain caused by Cyclone Michaung in Chennai and its neighbouring districts exposed, yet again, the limits of urban planning. The southern and northern areas of Chennai experienced severe flooding. The neighbouring districts of Kanchipuram, Chengalpattu, and Tiruvallur were equally impacted. The vagaries of weather and nature are certainly beyond human control, but what is appalling is that lessons have still not been learned from previous experiences. The lack of preparedness, despite alerts through advanced technologies, is disappointing. Unless concrete steps are in place, citizens will continue to struggle.
MMA accommodated a few families affected by the floods from our neighbourhood and provided them with food and other essentials. MMA also, with the support of Danfoss, provided one month’s ration to around 450 families, which was very well received. Our sincere heartfelt thanks to Danfoss for their support in thoughtfully planning kits with essential items for the affected families. Click to view a few pictures taken during these initiatives.
Thank you, members, for your support!
China and the Emerging World Order
The world has witnessed several disruptions in recent years. China’s phenomenal rise has unleashed a superpower competition between Washington and Beijing. The Sino-American summit between President Xi Jinping and Joe Biden in San Francisco has caused eyebrows to raise across the world in geopolitical, geo-economic, and geo-strategic terms. In the last forty years, a single factor influencing the international order, China, stands out. The fact that China is controlled by one party and virtually one man makes it particularly interesting.
In this context, MMA organized a thought-provoking discussion with experts drawn from different areas of interest on “China and the Emerging World Order”. I am delighted to present in this issue an article on the discussion as the cover story. Please read on or watch the video.
COP -28
The conference of the parties to the UN framework convention on climate change (COP -28) concluded its 28th session recently, creating a strong hope that the world would have a better chance of mitigating the climate impact of human induced emissions of greenhouse gases. It was a long journey towards COP-28 agreeing to transition away from fossil fuels in a just, orderly and equitably manner, but it also means no excuses are left not to do what must be done.
Let’s hope consumers do watch their life style!
In this issue I am also delighted to present articles on: Reforming Democratic Processes—Challenges & Opportunities; Our Heritage, Our Pride!; Breaking the Glass Ceiling—Chasing the Dream; Empowering Women—Breaking Boundaries and Embracing Strengths; and a brilliant conversation with Mr Madhavan Nair, Former Chairman ISRO on ‘Rocketing Through the Skies: An Eventful Life at ISRO.’
As always, we would be happy to hear your views, comments and suggestions.
Happy Reading…. And a brilliant New Year!!!
