IMA's 2018 CEO Strategy Roundtable in Udaipur will review India’s growth prospects in times of unprecedented change in the global strategic and economic environment and in a time of phenomenal opportunity for business leaders, but only for those ready to wield digitalisation as a competitive advantage, and empathy as a core value.
- Registration and High Tea
Raise a toast to the weekend - and the blessed Indian monsoon - in the company of friends and peers from across the country.
The Durbar Hall is in the main palace complex – the main part of the Fateh Prakash. For those staying at the Shiv Niwas, the Durbar Hall is just a couple of hundred metresa couple of minutes – hotel staff will guide you.
For guests at the Leela, who arrive early (pre-luncheon), a boat will depart the Leela jetty at 2.45 pm for Bansi Ghat at Fateh Prakash. Guests arriving by later flights are requested to join directly. Check-in at hotels can be arranged later. For Leela guests, your cars will bring you to the Fateh Prakash and your luggage transported by the chauffeur to the Leela to await your check-in.
- India and the Global Economy: Is the Paradigm Shifting?
The world is not the same. Not as we have known it in the formative, most high growth phases of India’s modern economy, as you have built businesses that have transformed the paradigm. Today, geo-political shifts, a shifting global trade order as every country looks to expand domestic production and protect jobs, increasing cross-border regulator engagement to keep pace with industry, and volatile financial markets are the order of the day. At home, India readies for another election, and policy making that has so far pushed the envelope on long term change will need to be understood afresh together with other secular impulses driving growth. Open the CEO Strategy Roundtable with Adit Jain, IMA’s Editorial Director and arguably one of India’s finest minds on economic forecasting as he provides an over-arching outlook for the global economy and its key change drivers funneling down to India.
- Discussion Break
- Digitalisation and Organisations: Transformative Impact
The digital age is overwhelming in the scope of change it is engendering; that change is silent, and it is fast. It goes beyond economic paradigms, has overtaken how we live, and will transform how we work. Collapsing business cycles are now a norm as digitally native firms challenge existing status quos, and as consumer-to-consumer interfaces accelerate. Talent that will drive performance in these times must be challenged differently because the most high potential of them expect it, and because innovation must form the bedrock of mindsets, and of operations, if we are to win in tomorrow’s world. How do Indian firms create USPs – of products and services but most of all, of organisational systems that are at their core, agile and innovative and yet, empathetic and human? What are the leadership fundamentals that work in these times of fast paced change? In previous stints at Levers, Nokia and PepsiCo, Shivakumar has challenged every status quo to win in some of India’s most high potential and competitive phases of growth. Today, he holds charge of both strategy and business development for one of the nation’s most respected global groups as it makes its bid for sustainable global competitive advantage. And it will do so on the plinth of organisational structures and leadership that will respond to intense change with equal vigour. Join Shiv as he paints a picture of this future and his vision of the organisation of the future.
- A Soldier Speaks
In the 71 years of its independence, India has been to war with Pakistan, and with China. It has fought terrorism and insurgency within its borders – and continues to in states like Jammu and Kashmir. And it has done so on the back of its million-strong Army that has, sometimes despite a lack of adequate support, held forth, supporting – and sometimes replacing - civilian efforts in response to natural calamities, and standing firm in the service of the nation. No army is perfect – conflict, particularly of the internal kind, creates unimagined complexity of operation, of judgement - but few armies in the world of responsible, viable nations have been called upon so continuously as has the Indian Army. Today, in a world that is once again more dangerous than ever before and every nation is re-arming itself, it becomes important to understand better the challenge, and the duty, of those tasked with guarding our freedom. Major Arya is an outspoken and deeply thought through veteran. Engage with him as he speaks of the realities of India and its internal yet external conflicts when viewed from the lens of a soldier.
- Cocktails and Dinner
- Lake Pichola: In the Bowl of the Aravalis
- Shifting Geo-policy: The Over-arching Context for Business
Pramit Pal Chaudhuri, former Member, National Security Advisory Board, Foreign Editor, HT
Defence and national security at one end and trade at the other from the plinth of any country’s srrategic priorities in today’s world. In India’s case, energy security is an added layer that defines its priorities and alliances. All of these elements are today in intense flux as the country after country adopts more protectionist stances on the count of trade and immigration, raising walls that we thought were gone for good; and as nation after nation re-arms itself due to the risk of war that waxes and wanes, but is more real today than in decades, nuclear deterrents notwithstanding. Again, countries like India also fight insurgency – and terrorism. KC Verma headed India’s R&AW between 2007 and 2012. An IB man over his career, Mr Verma’s view on the secutiry challenges of Imdia is from a man on the front, a man exposed to the horrors of terrorism and narcotics, and tasked with the responsibility of providing the backbone of any country response to security threats – intelligence. Pramit Pal Chaudhuri is journalist par excellence, with a view on the future of India’s foreign policy priorities on the count of trade and geo-politics that is defined by the closest engagement with policy makers and strong exposure to influencers and policy makers the world over. Join Mr Verma and Pramit as they talk through India’s strategic outlook and the security of the nation in a world at once more dangerous and more complex than ever before.
- Discussion Break
- Life from a Special Lens
Born with a rare muscular disorder, arthrogryposis, Nipun Malhotra is a member of our CEO Forum. As he says wryly himself, he was came into this world blue, fractured and bleeding. What does it take to continue to view life for the treasure it is, when you are dealt a bad hand? What does it take to fight for the rights of those like you for whom India and Indians make no time? Where do you find the strength to stand by the family to run one of India’s automotive components firms in a most competitive sector? What is that view of the world and what can we learn from it? Engage in a closed-door conversation with Nipun as he talks you through a reality that can confront any family, and over whom one must achieve fateh. Because life is not about survival, it is about winning, it is about togetherness, it is about joy, and it is about gratitude.
- Luncheon at Satkar
- Blockchain: Why It will Change
(This will be hosted as a joint session of delegates and partners)
The advent of blockchain, in the view of believers, will be more transformative than the internet. It will enable disintermediation and direct interfaces between users and suppliers, creating demand supply matches that will revolutionise both efficiency and customisation, saving cost but even more building scale and speed. It is in many ways the finest manifestation of the trust economy. Whilst it is fashionable to link blockchain to digital currencies, it is so much more than that as the underlying technology. Jaspreet Bindra has now spent years advising some of India’s most forward thinking corporations on digital transformation. His view of blockchain and how it will impact sectors from healthcare and manufacturing to government services is based on both knowledge and deep belief. Engage with Jaspreet as he talks through the future of business with categorical illustrations of the widespread impact of blockchain that is only just beginning.
- Discussion Break
- The Entrepreneurship of Care
(This will be hosted as a joint session of delegates and partners)
India’s healthcare sector is a study of clear and present need not fully served by either the government or the private sector; a need without whose fulfilment any aspiration to becoming a middle – and then high – income country will come to naught. To know India, one must know its healthcare story – one of many gains, and many tragedies. But to know it from the the scion of a first-generation cardiac surgeon turned entrepreneur who went into clear about being able to balance the duty of care for the under privileged with strong returns to shareholders, is special.
Narayana Hrudalaya writes off multiple crores each year off its balancesheet to provide quality care for the under privileged. It is a business that is profitable in a most difficult sector bacause it will not abide waste and can function on lean structures that most can only aspire to. Engage with Viren Shetty as he speaks as a practitioner about the realities of Indian healthcare as it enters yet another period of hope with the current government’s focus; as he provides a view on what it takes to be the new generation of entrepreneur, who will take a formidable medium enterprise into its next phase of growth, marrying a new vision with that of his previous generation.
- Cocktails and dinner
At Jagmandir in Lake Pichola (boats will depart hotel jetties at 7.20 pm)
- International Trade and a Changing
World Order: Redefining Business
Over the course of the past 18 months, global trade has come into clear focus as an area of change. With the United States' intent to accelerate its own economy through domestic production and renewed job creation, the US administration, under President Trump, will seek to alter, as it appear, the huge imbalances that exist in its trade structures including specifically, with China. Whilst placatory noises are made at both ends, it is clear that the nature of world trade can and will change, and multi-lateral institutions and their utility brought into clear question. Other countries including in Europe, are also following suit. The Iran imbroglio is yet another flashpoint and the risk of sanctions, with serious implications for must businesses, is alive again. At its end, China is centring itself on domestic consumption but its outreach to ‘rebuild the Chinese empire’ as it were, is financial and infrastructural across Asia and all the way through to Europe. How it leverages its control will also define the global commerce landscape in the coing time.
Alex Capri is one of the better known minds on international trade and the new economy. His formative career in US Customs exposed him to both policy making and operations in a time of real multilateralism and global economic expansion. He has subsequently been advisor in both the US and in Asia to world-leading corpoations on global expansion and now lectures at the NUS on global trade issues. Engage with Alex as he talks through the reality of a changing world regulatorily, the risks to global supply chains and how world commerce might be, a few years on.
For guests at the Leela, boats will depart the Leela jetty for Bansi Ghat at 8.50 am
- Discussion Break
- Politics: Shifting Sands
Nothing is ever a given in life. In politics, lesser so. India’s indefatigable government will fight for another term in 2019 as India goes to the polls. A few months ago, any prospect other than that second term was not on the horizon, given successive wins at state polls (barring two) and the continued magnetism of Prime Minister Modi. Today, signals of the Opposition coming together at regional levels are the context for some noise at the national level, of a ‘united front’ against a towering BJP that rules in 20 of India’s 29 states. Given how strongly policy continues to drive the economy, it is imperative to understand how the cards might play out, both in terms of strong regional parties and in terms of both the Congress and the BJP. The implications for policy making in the immediate term, and post 2019 hang in the balance. Engage with Prashant Jha, one of India’s most active field journalists and author of ‘Why the BJP Wins’, as he provides his categorical perspective on the strengths and weaknesses of India’s political parties as indeed, on the issues that drive India’s voters today – en bloc, and across individual states.
- Luncheon and close
Travel Tips: Weather - The splendid city of Udaipur observes monsoons during this time of the year ( July-September). Current temperature ranges between 24-30 degrees, accompanied with light rain showers.
The conference is being hosted at the Durbar Hall of the Fateh Prakash. Whilst Shiv Niwas is an adjacent property, delegates at the Leela must arrive at the hotel’s jetty at least 20 minutes before the start of any day as indicated in the schedule in order to avail of the boats that will depart for the Fateh Prakash jetty. The Durbar Hall is a 7-8 minute walk from the jetty. For any delegates preferring the same, a few golf carts will be available – we would request patience as they move between the two locations.