New opportunities open up for firms, organizations or units that discern paradigm shifts early on and orient their leaders (particularly energetic leaders of tomorrow) to new ideas. Such shift is evolving, as some leaders in India start understanding the basics of MoT and competitiveness to grow economically.
An experiment by SJM School of Management (SJMSOM), IITB provided an interesting opportunity to several experienced practitioners and learners of management of technology (MoT). The program “Management of Technology and Innovation for Competitiveness” attracted leaders from all over India. The unique program was designed to provide skills and concepts at interface of MoT and competitiveness.
Glimpse of experienced, yet enthusiastic learners from across India
They also got opportunities to get perspectives from veteran leaders who have successfully leveraged MoT for differentiation, such as Dr. Kamal Sharma, Vice-Chairman of Lupin—one of the largest and fastest growing specialty pharmaceutical companies globally. With massive spending of more than 8 % of revenues and about 1500 scientists in R&D at the facility in Pune, Lupin has growing revenues from challenging markets such as Japan. The learners also visited some of the most innovative labs on IITB campus.
Dr. Kamal Sharma, Vice Chairman of Lupin, sharing insights
Learners also tried hands-on, in groups, to structure a problem of their interest. The need for change to face competition was identified by several groups. The urge to be competitive was appreciated by most professionals. They worked hard in evenings to characterize problems and think about causes. The awareness programme provided a direction, and concepts. The concepts need to be understood by application, adapted and used judiciously, to diagnose competitiveness challenges and role of MoT. They are provided with post program material such as paper on “Strategic_Technology_Management,” and access to journals such as International Journal of Global Business and Competitiveness (IJGBC).
Being a first programme on MoT & Competitiveness in Mumbai, there has been lot of learning for young members of the Group on Competitiveness (GoC) (for more details on the unique group, click on the hyperlinks). The members worked very hard to give a lot of inputs to learners. We are reviewing the feedback received and hope to make improvements in the next programme. We thank all the participants for their active participation, feedback and kind words they have expressed in emails.
If competitive waters are to be faced, let us learn to swim sooner and think MoT to differentiate. Let us strengthen our skills, knowledge and perspectives to provide new views to our groups about competing for future. Lot of hard work for mind and body, but some of the learners have aspirations to change themselves and their groups rapidly, at least to compete locally. We at SJMSOM hope to inspire such enduring professionals, as SJMSOM enters thirties.
Leveraging technology for competitiveness by Dr. Kamal Sharma