Students of the first edition of the flagship One Year MBA (Post Graduate Program for Executives – PGPX) at MYRA School of Business, Mysore graduated on Saturday May 31, 2014. Dr. Ramadhar Singh, Distinguished Professor of Management, Indian Institute of Management, Bangalore delivered the convocation address and talked of the evolving relationship between business and society.
Students of the first edition of the flagship One Year MBA (Post Graduate Program for Executives – PGPX) at MYRA School of Business, Mysore graduated on Saturday May 31, 2014. The students received their diplomas in a ceremony at the Taj Vivanta, Bengaluru. The students were cheered and celebrated by their family, friends, guests from industry and academia.
As per the business school, five of the nine PGPX graduates had accepted job offers from cutting-edge companies in the e-commerce and cloud computing industries and had increased their CTC packages by up to 100 percent. Two other PGPX graduates were being interviewed by electronic payment systems and steel manufacturers. The remaining two were considering starting their own firms.
In a separate communique, the school had reported placements ranging between Rs. 15 and Rs. 24 lacs for the graduating class.
Dr. Abhinanda Sarkar (PhD, Stanford), Associate Dean (Research) at the MYRA School of Business welcomed the audience. Dr. Shalini Urs (PhD, University of Mysore and Fulbright Scholar), Chairperson of the MYRA School of Business, presented a report on the progress made by the institution.
Myra has reported placements ranging between Rs. 15 and Rs. 24 lacs for the graduating PGPX class
Dr. Nagananda Kumar (IIMA) Executive Director and Professor of Strategy and Human Resources, MYRA School of Business, gave the vote of thanks. Dr. Wolfgang Messner, Professor of International Business and Customer Care at the MYRA School of Business facilitated the event.
“Implausible will be plausible with time,” said Dr. Ramadhar Singh, Distinguished Professor of Management, Indian Institute of Management, Bangalore delivering the first convocation address of MYRA School of Business.
Dr. Ramadhar Singh left the audience enthralled with his insightful talk on the ‘Role of Business in Society’. Tracing the evolution of the role of business in society from the early days of exploitative business practices to the modern day paradigm of Corporate Social Responsibility, he said that the relationship between business and society had evolved.
Identifying the shift from capital to labour in business and wealth creation, Dr. Singh cited Shakespeare’s ‘Merchant of Venice’, and said that the exploitative power of capital was quite rampant in society. Though the relation between the labour and the masters were still exploitative, there was a definite shift from capital to labour. Spurred by Karl Marx’s Das Kapital, the labour era began with the trade union movement leading to the closure of many companies due to management-labour conflicts.
Another major shift that Dr. Singh talked of was the shift towards social enterprise. Modern businesses have become more and more socially responsive and also the over all business context and paradigms have changed and changed for better he opined. His key message was “Impossible will take time, but difficult will be done immediately.”
Mr. Ashok Mathur, Regional Chief Executive, Coats and Managing Director, Madura Coats gave the keynote address on the ‘Role of Society in Business’. In his keynote, he stressed on the importance of looking beyond profits and focusing on the Triple Bottom Line of ‘Profits’ ‘People’ and ‘Planet’.
Citing some specific examples from the industry especially coats, he narrated anecdotes of how industries have become more and more environmentally and socially aware and responsible over the years. He also gave examples of innovations and inventions such as biodegradable threads that can reduce the Planet’s environmental issues.
He said that ‘morality’ is something that comes from within whether for individuals or companies and needs to be nurtured.
