Think globally, act locally: Dr. Justic Paul

14th PIMR international conference concludes

Indore: “Entrepreneurs today need to go global, there are seven essential elements that are very important for any company to be inclusive and they are capacity, path, process, speed, pattern, problems, and performance. The new entrepreneur needs to think globally and act locally. We all have unlimited potential, but it is important to understand how grooming and hard work is important for the success of any company. ”

This was stated by Dr. Justin Paul, Professor and Associate Dean of Ph.D. and MBA Programs, University of Puerto Rico, the USA while addressing a valedictory ceremony of 14th International Conference on”Rethinking the strategies of leadership and governance in the emerging global scenario” organized by the Prestige Institute of Management and Research here on Sunday in association with the All India Council for Technical Education, New Delhi.

He said, unlike USA and Japan where the businessmen have a global entrepreneurial vision, most of the Indian companies are being run by entrepreneurs who do not think beyond their cities, districts, and states. If the Indian companies have to grow and progress, it needs to glow global and grow globally, he added.

Dr. Manpreet Singh Manna, Former Director of AICTE and Associate Professor, SLIET, Longowal said we should be proud of our country, as citizens of India, today Indians are waving their glory everywhere. Rethinking is important for management; Asia and India are the hottest markets.

We are succeeding everywhere and the world sees us as a force. Easy availability of finance is a problem. If a business starts with a loan or insurance, they have a risk. Left is a major problem behind nationalism. We need startup culture, not research and development culture. It is important to bring back the startup culture, as a lot of work has a lot of dimensions and their beneficial results.

We should be good producers/innovators. We must be indigenous to progress, there is no dearth of resources in the country and perhaps this is a concept that will take India far ahead. “

Dr. Parameswaran K., Associate Professor of Law and Dean of Alumni Relation, Gujarat National Law University, Gandhinagar said “Today there is a lot to be done in some direction of governance, the journey of governance is like a story.

There is something lacking in all types of governance, governance which was largely based on social externalities and was not proved to be efficient for all. In the second phase, after the rule of outsiders came the rule of the people, the issue here was morality.

Dr. Ravinder Rena, Professor of  Economics, NWU Business School, South Africasaid50% of the problems in the world are with leadership and 50% with governance, we redefined democracy in such a way that the government is buying power not from the people, but from the people, we are lacking key elements that we have.

We need to look at small issues like – aptitude (people are in top positions, but not qualified) practicality (we need to be better in practical applications) poor governance (bribe instead of bribery) robbery, incompetence, corruption, Instead of scams, we need to fight against this aspect to fight bad governance.

On the occasion, Mrs. Ruma Devi, Founder of GraminVikas Chetna Sanstha, was conferred upon withPIMR Women Entrepreneur Award. About 100 research papers on the theme of the conference “Rethinking the strategies of leadership and governance in the emerging global scenario” were presented by various teachers.