Entrepreneurship and Family Business Conference
IILM Institute for Higher Education is hosting its Fourth Annual Entrepreneurship and Family Business Conference on 6th April 2018. The conference aims to explore the importance of innovation and sustainability for an entrepreneur and associated opportunities and risks. The conference also aims to uncover the key challenges faced by Family Businesses in high potential economies such as India in the era of digitization and the need for digital transformation for sustenance.
IILM Entrepreneurship and Family Business Conference2018
Changing Paradigms: Innovation, Entrepreneurship and Family Business, April 6th 2018
IILM, Lodhi Road, New Delhi
DETAILED AGENDA
| INAUGURAL SESSION | CHANGING PARADIGMS: INNOVATION, ENTREPRENEURSHIP AND FAMILY BUSINESS |
|---|---|
| 10:00 am – 11:00 am Dr Daisy Mathur Jain |
The world of business is undergoing major changes. The millennial make a completely different group who want to make a difference. With the government’s initiatives to boost startups and entrepreneurship, Entrepreneurship has become the flavour of this decade. The most successful entrepreneurs are not just hardworking but also innovative and progressive. Hence entrepreneurship and innovation go hand in hand and involves ability to produce new ideas as well as provide better solutions. The greatest challenge that entrepreneurs are facing is sustenance in this highly competitive market. A study by Forbes confirms that 9 out 10 startups fail. Thus the success ratio is very less. Further, Digital is an area that businesses can no longer ignore. One of the major issues family businesses are facing is involvement of the next generation in their business. Further it is the next generation on whom the responsibility of equipping business with the necessary digitalisation lies. Other challenges faced by family business are – transitioning to a more professional organisational structure, managing governance, managing legal challenges etc. This conference aims to explore the importance of innovation and sustainability for an entrepreneur and associated opportunities and risks. The conference also aims to uncover the key challenges faced by Family Businesses in high potential economies such as India in the era of digitization and the need for digital transformation for sustenance. Session Coordinator: Dr. Daisy Mathur Jain Keynote Speakers: • Sonu Bhasin – Founder: FAB – Families And Business |
| PLENARY SESSION I | ENTREPRENEURSHIP, INNOVATION AND SUSTAINABILITY |
| 11:00 am – 12: 00 pm
Prof Sheetal Jain |
Entrepreneurship, innovation and sustainability are intertwined with each other in today’s disruptive business environment as the concept of sustainability is now no more restricted to environmental protection, but also perceived as a critical tool for continuous operational and process improvement for sustaining competitive advantage. The concept of sustainability has engulfed innovation in its arms to provide entrepreneurs with a platform to maintain their competitive edge over peers and at the same time, foster positive value to multiple stakeholders of business and society. Session Coordinator: Prof Sheetal Jain Panelists: • Guneesha Kohli- Business Head Malika International • Rijul Bajaj- Co-founder Samshék Fashion • Sameer Talwar – Entrepreneur of Excellence • Raman Talwar – Simulanis |
| 12:00 pm – 12:15 pm | Tea Break |
| PLENARY SESSION II | DIGITAL TRANSFORMATION OF FAMILY BUSINESS FIRMS |
| 12:15 pm – 1:15 pm Dr Gurpreet Bhatia |
The already flourished businesses are now looking forward to gain competitive edge through the use of technology. Data analysis has become a key ingredient to formulating global and virtualized supply strategies and developing personalized products and services. This is achieved by capturing every customer click, tweet, like and post. With advancements in technology like Artificial Intelligence, better enterprise applications and digitization it’s time to think beyond the traditional methods and make informed decisions. Embracing and learning new propositions built around social, mobile and business analytics will help in gaining an edge over competitors. With small technological efforts, traditional family businesses are able to foster revenue trends. Session Coordinator: Dr Gurpreet Bhatia Panelists: • Virender Teotia- Owner Of Umrao Hotels • Aviral Aggarwal– Director Bikanerwaala • Ridhay Khanna- H.H.Global |
