Press Releases

ISB hosted the Fifth Edition of Singapore India Business Dialogue

“Convergence of eastern and western thought is critical to manage innovation-led disruptions”, Rajendra Srivastava
“Partnerships needed to nurture future ready citizens in the age of disruptive innovations”, Arnoud De Meyer
 
May 3, 2018, Hyderabad: Indian School of Business (ISB), in partnership with Singapore Management University (SMU), organised the fifth edition of the Singapore India Business Dialogue (SIBD) 2018, here at the ISB campus. The theme of the Dialogue was ‘Managing Disruptions in the Age of Technology” with special focus on Education, Innovation and Fintech.
 
The objective of the fifth edition of SIBD was to investigate strategic responses to disruptive innovations and explore strategic partnership between India and Singapore in this area. SIBD 2018 deliberated on three focused themes – ‘Changing Role of Management Education: Perspectives from East and West’; ‘Fintech Dialogue: Disruption or Innovation’; and ‘Strategic Response to Disruptive Innovation’. 
 
SIBD is an annual multi-stakeholder conclave bringing together policy makers, representatives from business, academic, media on a common platform to share insights and perspectives on various aspects of mutual interest.
 
Dr. S K Joshi, IAS, Chief Secretary, Government of Telangana, in his keynote address elaborated the efforts made by the Government of Telangana in strengthening the innovation ecosystem of Telangana. “The next generation institutions created by Telangana like TASK, T-Hub, RICH and TSIHC will play a major role in managing future disruptions”, he said.
 
Professor Rajendra Srivastava, Dean, ISB, in his address, opined that there is a need to integrate ideas from West and East, as lot of innovation is increasingly distributed globally. There is also need for convergence of ideas between industry and academia to address the complex problems that are perceived due to disruptive innovations. “Managers have to become more and more adapt to evidence based analysis”, he said. 
 
A senior delegation from Singapore Management University led by Professor Arnoud De Meyer, President, Singapore Management University, actively participated in the deliberations of SIBD 2018. The other delegation leaders were Professor Paul Robert Griffin and Professor Srinivas K Reddy among others. 
 
Offering his remarks, Professor Arnoud De Meyer said “Given the significance of the topic to both Singapore and India, we see a need to emphasise the important phenomenon of digital transformation especially in education, finance and innovation; and explore a tripartite solution between academia, industry and government towards the management of these disruptions.  Beyond knowledge creation and contribution to society is also the Singapore Management University’s commitment to nurturing future-ready citizens who can deal with these rapidly changing times and thrive in the age of disruptive innovations”.
Some of the other prominent speakers at the Dialogue were:
 
Dr Parakala Prabhakar, Advisor (Communications), Government of Andhra Pradesh; Shri J A Chowdary, Special Chief Secretary & IT Advisor to the Chief Minister, Government of Andhra Pradesh; Mr Y Harish Chandra Prasad, Founder & Chief Mentor, Malaxmi Group; Mr Prasad Vanga, CEO & Founder, Anthill Ventures; Professor Bhagwan Chowdhry, Professor of Finance, UCLA Anderson School of Management; Professor V Venkata Ramana, Vice Chairman, Telangana State Council of Higher Education, Ms Rajani Kanigiri Kasu, CEO and Co-Founder, Zyppys,Professor Tejpavan Gandhok, Clinical Assistant Professor – Strategy and Entrepreneurship, ISB
 
Around 400 delegates representing industry, government and the academia actively participated in SIBD 2018.
 
Other quotes:
Professor Paul Robert Griffin, Professor of Finance, Singapore Management University, in his address emphasised that decentralisation is the next big phenomena which will both disrupt and provide the ground for many innovations across all industries. “In payments we are already seeing this with the advent of cryptocurrencies, blockchains and smart contracts being investigated and trailed by start-ups, corporates and governments. This is just the tip of the iceberg and Singapore Management University is working with the financial industry in Singapore to delve into the real practicalities of how to reap the benefits and uncover the risks with solid research from business, governance and technical aspects”, he said.
 
Professor Srinivas K Reddy, Professor of Marketing, Singapore Management University, in his address mentioned that based on research and analysis, it is found that if the response to perceived disruptions are either aggressive  or lukewarm, the impact ends up to be negative. “We must look for solutions which are neither aggressive not lukewarm”, he said. 
 
About Indian School of Business:
Indian School of Business (ISB) is a global business school offering world-class management education across its two campuses – Hyderabad and Mohali. The School has grown at a rapid pace over the past sixteen years since its inception and already has several notable accomplishments to its credit – it is the youngest school ever to consistently rank among the top Global MBA programmes, one among the select 100 global b-schools to have AACSB and EQUIS accreditation, one of the largest providers of Executive Education in Asia, and the most research-productive Indian management institution. A vibrant pool of research-oriented resident faculty, strong academic associations with leading global b-schools and the backing of an influential Board, have helped the ISB fast emerge as a premier global business school in the emerging markets. For details visit www.isb.edu
 
About Singapore Management University:
A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world-class research and distinguished teaching. Established in 2000, SMU’s mission is to generate leading-edge research with global impact and produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy. It is known for its interactive and technologically enabled pedagogy of seminar-style teaching in small-size classes. Home to around 10,000 undergraduates and postgraduates, SMU comprises six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law and School of Social Sciences. SMU offers a wide range of bachelor’s, master’s and PhD degree programmes in the disciplinary areas associated with the six schools, as well as in interdisciplinary combinations of these areas. SMU has an emphasis on generating rigorous, high-impact, and relevant multi-disciplinary research that addresses Asian issues of global relevance, SMU faculty collaborate with leading international researchers and universities from USA, Europe, China and India as well as with partners in the business community and public sector, through its research institutes, centres and labs. SMU’s city campus is a state-of-the-art facility located in the heart of downtown Singapore, fostering strategic linkages with business, government and the wider community.
Contact:
 
Sridhar Bhagavatula                       Sundeep Jammalamadaka
Senior Manager, External Relations        Senior Manager, External Relations
E: sridhar_bhagavatula@isb.edu            E: sundeep_j@isb.edu
M: 9390136695                              M: 9000905559