Dr Verma stressed upon the importance of innovation by pointing that, “Excellence of today is obsolesce of tomorrow”. He emphasized the significance of empowering the lower level employees in an organization that could result in ideas and solutions not thought of before. Introducing the concept of 360 degree leadership Dr Verma emphasized the importance of influencing without necessarily being in a position of formal authority.
With reference to the increasing globalization of business, Dr Verma spoke about the challenges faced in integrating the different cultures and possible strategies to overcome the same. He also mentioned that while the skills & knowledge levels of most organizations are almost the same, the key differentiator of current business leaders is their agility & speed of execution.
About IPMX
IPMX is a full time, one-year residential executive management programme being conducted at IIM Lucknow – Noida campus and is designed for mid/senior level professionals, to prepare them for leadership roles. The programme aims to accelerate understanding of business at functional and strategic levels, and prepare students to manage enterprises engaged in global business.
The class of IPMX 2008-09 includes 45 leads and middle level managers from diverse industries such as FMCGs, Financial Services, Government Services, Information Technology, Management Consultancy, Manufacturing, Healthcare, Projects/Construction, Shipping, Telecom, Automotive and Instrumentation. The class profile has an average GMAT of 701, age of 32 years and work experience of 9.5 years.