Defence Conclave 2024 Illuminates Management Lessons from Geopolitics
Defence Conclave 2024 Illuminates Management Lessons from Geopolitics
Greater Noida, November 22, 2024 – NIET Business School successfully hosted the much-anticipated Defence Conclave 2024, which centered on the theme, “How Geopolitics Impacts Nations: What Management Lessons Emerge?” The event featured an esteemed panel of defense and strategic experts, who shared profound insights on how global geopolitical developments shape strategic thinking, leadership, and management practices.
Moderated by Maj Gen Rajan Kochhar (Retd), Director of NIET Business School, the distinguished panel included:
- Lt Gen Rakesh Sharma (Retd), Chief Guest
- Air Cmde Dr. AS Bahal (Retd), Guest of Honour
- Lt Gen Dharam Vir Kalra (Retd), Guest of Honour
- Mr. Robinder Sachdev, Guest of Honour
This enlightening session provided students and business professionals a deeper understanding of how geopolitical dynamics influence economic activities, supply chains, and organizational strategies.
Key Insights from the Panelists
Key Insights from the Panelists
Lt Gen Rakesh Sharma (Retd):
- Highlighted the current world disorder, with over 32 countries embroiled in conflict, and its economic and geopolitical implications.
- Emphasized India’s rise as a $7 trillion economy by 2030, underscoring the nation’s strategic importance in a multilateral and multipolar world.
- Discussed Trump-era policies such as immigration restrictions, H1B visa reductions, trade tariffs, and their global economic effects.
- Stressed the need for strategic planning, forecasting, compliance, and adaptability in a volatile global market.
Lt Gen Dharam Vir Kalra (Retd):
- Drew parallels between military logistics and business supply chain management, emphasizing lessons from the Art of War.
- Introduced practical concepts like Selective Inventory Control (ABC Analysis), addressing siloed organizational views, and the postponement strategy to enhance supply chain efficiency.
- Highlighted the importance of anticipating Black Swan Events to build resilience in business strategies.
Air Cmde Dr. AS Bahal (Retd):
- Discussed the Russia-Ukraine conflict, the sanctions on Russia, and the Israel-Hamas conflict, detailing their economic and supply chain repercussions.
- Stressed the strategic relevance of the Middle East Corridor for ensuring supply chain stability in the face of disruptions.
- Highlighted the emergence of a neo-Cold War scenario, focusing on the U.S.’s increasing reliance on its defense-industrial complex.
Mr. Robinder Sachdev:
- Spoke about Kalyug 2.0, connecting it to the VUCA environment businesses operate in today.
- Addressed the significance of cultural risk management, qualitative and quantitative leadership skills, and the need for establishing global standards in a competitive world.
- Examined the U.S.-China trade war, the possibility of 20% tariffs, and Japan’s historical reforms as examples of geopolitical influences on economic strategies.
Empowering Future Leaders
Empowering Future Leaders
The conclave underscored the critical importance of understanding geopolitics for today’s leaders and future professionals. Management students at NIET gained valuable perspectives on integrating strategic foresight, adaptability, and resilience into their skill sets—qualities essential for navigating the complexities of the global business environment.
Speaking at the event, Maj Gen Rajan Kochhar (Retd) remarked, “The experiences of the armed forces hold immense relevance for the corporate world. By learning from their strategic acumen and leadership principles, management professionals can develop the resilience and foresight needed to thrive in today’s interconnected and unpredictable environment.”
NIET Business School: Shaping Industry-Ready Leaders
NIET Business School: Shaping Industry-Ready Leaders
The Defence Conclave 2024 is a testament to NIET Business School’s commitment to fostering excellence and innovation in management education. By bridging defense strategies and business management practices, NIET prepares its students to meet industry demands and achieve organizational success.
