IMA International Management Conclave 2011

January 21-22, 2011, Abhay Prashal, Indore (M.P.), INDIA

“TRANSFORMING LEADERSHIP - KAL- AAJ AUR- KAL”

(Yesterday, Today and Tomorrow)

THEME PAPER

The next business paradigm is emerging like never before.

The challenging global financial power, steadily moving from West to East, the demographic
balance of youth shifting towards East and the increasing purchasing power of the populace in
the East, are factors to be reckoned by the leaders of business for tomorrow.

The leaders will be forced to deal with not only the exigencies of their own organizations, but
with new social and geographical realities. The accelerating rate and complexity of change, the
emergence of new technologies, dramatic demographic shifts and globalization are reflected as
single business reality, needing innovative multi-cultural strategies to succeed.

The leadership transformation is beautifully summed up by Jimmy Carter as “The ability to work
with other people, the capacity to expand one’s mind and heart as years go by and see the
broader dimensions of the future. Most importantly, it is necessary not to fear the prospect of
failure with the shifting paradigm, but to be determined not to fail”.

As more and more nations apply their economic resources to free market competition and
customers become more aggressive in their expectations, the relentless innovation in newer
products and services puts higher stress on effectiveness of any organization to not only grow but
even to survive. In stressful period, leadership is the pivotal factor separating organizations that
flourish, from the organizations that flounder.

“If a nation expects to be ignorant and free, in a state of civilization, it expects what never was
and never will be”… remarked Thomas Jefferson. This is true for business as well, emphasizing
past learning towards application into the future.

The leadership paradigm of control, order and prediction no longer works. The new leadership
style is aligning, creating and empowering-needed to achieve goals. The successful leader will
not have the loudest voice but the readiest ear to unleash other people’s talent.

The business paradigm shift is increasingly laying focus on ethical leadership traits of
compassion, courage, caring and sharing. In spite of radical changes in thoughts and technology,
these leadership traits are followed and remain relevant even today, as practiced by successful
Indian Business like Tata, Wipro, Infosys.

The IMA International Management Conclave 2011, on 21st and 22nd January 2011 at Indore
(M.P) India, will explore the convergence of these learnings to roadmap Leadership Strategies
for the future, in deliberations on its theme topic:
“TRANSFORMING LEADERSHIP
KAL- AAJ AUR- KAL”
(Yesterday, Today and Tomorrow)