Monday, 14 March 2022

Research Discussion: Innovation Driven Business Sustainability

Dear all

Please find an invitation for a research discussion on "Innovation Driven Business Sustainability" organised  hosted by Pune University as a part of PhD viva voce of Major General T. M. Mhaisale, an author as well as a speaker at the book launch and webinar hosted  in Jul 2021 by CSI, IEEE CS & ACM on Personality Development.

Topic: Innovation Driven Business Sustainability

Date: Thursday, 17th Mar 2022 

Time: 2 pm to 3 pm IST

Meeting link: https://us06web.zoom.us/j/86796596965?pwd=ZVFQNnRMWjJMVnlZd2NnNXhMLytRdz09

Meeting ID: 867 9659 6965

Passcode: 545683

Synopsis of the presentation

Business sustainability is the buzzword nowadays, in the government as well as the corporate parlance. This is the pillar on which the businesses are poised to grow, remain future-ready and thrive. There are 

three main pillars of business sustainability in turn. These are : Planet, People, Profit in that order. Firms are required to innovate continuously in order to reinvent themselves. It is extremely important that the culture of internal innovation and entrepreneurship is assiduously nurtured. Appropriate strategies are required for the same. The world is caught into a cobweb of VUCA : Vulnerability, Uncertainty, Complexity and Ambiguity.

Under these circumstances, a strong and resilient Risk Management Framework, with a judicious combination of COSO framework (bottom-up) and ISO -31000 : 2018 (Top down) is a must.

There is a feeling justified through research that the Risk Management Strategies when embedded with Innovation Processes will be a great boon for the Business Sustainability. In view of the ubiquitous decarbonization along with net zero targets, these assume a tremendous significance.

The research scholar has made an attempt to study the these three elements in details: Business Sustainability, Innovation Processes and Risk Management Strategies and study their harmonious correlationship which will ensure Business Sustainability. These have been studied through Case Studies as well as formulation  and testing of Hypotheses.

About the presenter

Major General T. M. Mhaisale, is pursuing his research at Savitribai Phule Pune University in the topic related to this concept: Innovation Driven Business Sustainability. He is Master of Technology in Computer Technology from IIT Delhi, MBA from Indira Gandhi Nehru Open University, Master of Management Studies from Osmania University. He has been doing a lot of work in Innovation Management and Business Sustainability. He is on the Faculty of Institute of Directors, New Delhi for these subjects. He has been a writer and has authored quite a few books on this subject. He has also authored a book on “The Ten Quotients: A complete guide to Personality Development".