The third session was taken by Managing Director and Founder of Manba finance, Mr. Manish K. Shah. Having the built Mumbai’s top two wheeler lending NBFC firm from scratch over the last 20 years after leaving his successful practice as a chartered accountant, he shared his philosophy with students. From having focus and the will to go through with one’s own ideas, ensuring one aligns their CSR strategies with their business functions and exploiting niches to beat competition were only some of the many principles he shared with the audience. By using stories from his business to illustrate his point the audience was captivated by what was essentially a mini-MBA session.
What followed was an enlightening session by Mr. R.V. Sridhar, who is an IIFT Delhi alumnus and is currently working as the ED & CEO of the Essar Steel Precoated Facility, Pune.
He turned around this unit from being a loss maker to the most profitable SBU (300% EBITDA increase) through Process innovation, accelerated new product development & innovative working capital management.
In the session, he discussed different aspects of business dynamics taking examples from the steel industry. Speaking about cost disruption, innovation in the metals sector and conflation in the physical and digital world, he emphasized on the need to identify institutional voids and geographical diversification. We were apprised of the importance of cash flow in business and the development of global niches and the blue ocean strategy and were illustrated “The Innovator’s Dilemma” with real world cases viz Kodak versus Fujifilm, IBM versus Microsoft and Blockbuster versus Netflix.
All the lectures were immensely engaging witnessing a lot of inquisitive budding managers seeking a deeper knowledge of business dynamics. The depth of experience combined with the technical expertise provided by SCMHRD is sure to help the students transitions from B-School to the Corporate world with ease.
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