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The concept of “VUCA Times” thrilled SCMS Cochin students!

06 Oct

– Karthik Jerome, PGDM

SCMS oct6On 29th September 2014, Mr Prince Augustine-Vice President of Group Human Capital & Leadership Development at Mahindra & Mahindra was the guest speaker on the campus. As part of the Institute Industry Interface (III), the session entitled VUCA Times had the students sit up and get involved in the discussion that had pertinent references to their future.

He began the session by introducing VUCA Times, “VUCA is an acronym used to describe or reflect on the Volatility, Uncertainty, Complexity and Ambiguity of general conditions and situations. In the current market scenario it has become completely imperative to follow these rules as times have become really tough”, he said. Citing the rising competitiveness in the market he quoted Jack Welch- “If your rate of growth is better than the rate of growth of the industry, you do well. If not, you get nothing”. However, talent, he said, is in demand and that hiring people has become increasingly difficult these days as there is a huge demand for the global talent. Mr Augustine went on further explaining, “Illiterates of today are not those who don’t know how to read and write, but those who don’t know how to learn and unlearn”.

Mr Augustine shared his insights of the corporate world, specifically pertaining to human values. He then introduced the students to Stephen R Covey’s three important habits – Be proactive, Begin with the end in mind, and Doing the first things first. He also told them about the NHRDN being held in Mumbai. He discussed in detail the opportunities in the HR sector and how students can maximize their effectiveness in an organization. He then gave them golden advice on how to control their impulsiveness through four stages – Internal SWOT analysis, Finding creative solutions, Ethics (conviction of values) and finally, Having courage. He said that leaders fail because they don’t listen and that it is very important to have a good listening skill to succeed. He reiterated this by showing a short clip about Mahindra & Mahindra and how their reflective thinking helps them to see the big picture to be more successful.

The event ended with a question & answer session where students and even faculty members could not refrain from asking questions. The students were eager and refreshed in spite of the long hours and expressed their gratitude for the opportunity of interacting with Mr Augustine.

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Posted by on October 6, 2014 in News And Events

 

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