Mastering Business Resilience: Strategic and Operational Excellence in Uncertainty
May-10-2024
Scheduled: May 10-12 (Fri-Sun), 2024
Course Introduction
In an era marked by volatility, uncertainty, complexity, and ambiguity (VUCA), the ability to navigate challenges and emerge stronger is not just an advantage but a necessity. The ”Mastering Business Resilience: Strategic and Operational Excellence in Uncertainty” program is designed to equip industry professionals with the knowledge, strategies, and insights needed to build resilient organizations.
Operational resilience is defined as an organization’s ability to anticipate, adapt to, withstand, and rapidly recover from disruptions to its operations. These disruptions can arise from a wide range of sources, including natural disasters, cyber-attacks, supply chain disruptions, regulatory changes, and economic downturns. Strategic resilience refers to an organization’s ability to effectively anticipate, adapt, and recover from strategic challenges and disruptions in its external environment while maintaining its long-term objectives and competitive advantage. The combination of operational resilience, which focuses on the ability to maintain day-to-day operations, and strategic resilience which pertains to the organization’s ability to navigate larger-scale challenges builds a resilient organization that has a strong competitive position.
Over three intensive days, participants will engage with leading academics and practitioners to explore the pillars of strategic resilience, operational resilience, organizational resilience, financial stewardship, and the transformative potential of AI/ML technologies. This executive education program is not just about theoretical learning; it’s about cultivating a mindset, skillset, and toolset that leaders can deploy to turn adversity into opportunity.
Course Objectives
The programme is meticulously designed to empower participants with the tools, knowledge, and perspectives necessary to steer their organizations through the challenges and uncertainties inherent in today’s fast-paced business environment. Aimed at fostering resilience and adaptability, this programme focuses on equipping leaders with the capacity to not just withstand disruptions but to leverage them as opportunities for growth and innovation. The course objectives are designed to provide a holistic understanding and practical skills across various domains critical to resilience leadership:
- To Understand Business Resilience: Equip participants with a deep understanding of what resilience means in a business context, encompassing both operational and strategic dimensions.
- Strategic Adaptation: Provide frameworks and strategies for adapting to and thriving in a VUCA world, including navigating global challenges and sourcing decisions.
- Quality and Financial Stewardship: Enhance knowledge on driving continuous improvement and managing financial resilience through informed decisions on debt and equity.
- Technological Leverage: Explore how AI/ML technologies can be integrated into organizational practices to enhance resilience and operational efficiency.
- Practical Application: Through case studies, group presentations, and participant-driven action plans, ensure learnings are not only theoretical but also actionable within participants’ organizations.
- Feedback and Reflection: Create an environment where participants can share feedback and reflections, fostering a community of learning and continuous improvement.
Target Audience
This program is designed for mid to senior-level executives, managers, and leaders across industries who are responsible for strategic decision-making, operational management, and leading teams through periods of change and uncertainty. Ideal participants include those looking to enhance their leadership capabilities, innovate business practices, and drive resilience within their organizations.
Pedagogy
The pedagogical approach of the ”Mastering Business Resilience: Strategic and Operational Excellence in Uncertainty” program is multifaceted, combining expert lectures, case studies, interactive group exercises, and reflective sessions to foster a holistic learning experience. Key components include:
- Expert-Led Sessions: Delivered by seasoned academics and industry practitioners, these sessions will cover the latest theories, strategies, and practical insights into building and leading resilient organizations.
- Case Studies: Real-world case studies will be analyzed to extract lessons on successful resilience strategies and the pitfalls to avoid during implementation.
- Group Presentations: Participants will collaborate in small groups to apply learnings, encouraging innovation, and peer learning.
- Action Planning: Individuals will develop personalized action plans, translating course insights into concrete strategies for their own contexts.
- Feedback Loops: Interactive feedback sessions will enable participants to share insights and learn from the experiences of peers, enriching the collective learning experience.
This dynamic and interactive pedagogical approach ensures that participants not only gain theoretical knowledge but also develop practical skills and strategies that can be immediately applied in their professional roles.
The Institute
The Indian Institute of Management Visakhapatnam (IIMV) belongs to the prestigious IIM family of business schools. It is a new generation IIM, set up by the Government of India in September 2015. At 29th place among the business schools pan-India in the National Institutional Ranking Framework 2023 of the Government of India, it is ahead of all new-generation IIMs established in 2015/2016.
The Institute has two campuses with state-of-the-art facilities in the “City of Destiny”, Visakhapatnam. Its temporary/transit campus is located in the salubrious precincts of Andhra University. The permanent campus, a word-class GRIHA-5 Star rated facility on approx. 241 acres of land is located at Gambheeram Village, Anandapuram Mandal, about 25 kilometers from the temporary campus, on the National Highway (NH) 16 to Kolkata.
Course Benefits to participants
- Certificate of Participation from IIM Visakhapatnam.
- The course offers a two-hour, one-on-one consultation with a program director, available to each participant post-program . Scheduled within three months (scheduled over weekend) after the program concludes, these sessions aim to resolve any queries about applying the program’s learnings in the participants’ workplaces.
Financial Details
Programme Fee:
- For Outstation Participants: The fee per participant, excluding GST, is INR 58,500.
- For Local Participants: The fee per participant, excluding GST, is INR 43,500. Please note, accommodation is not provided for local participants.
The maximum size of the cohort will be 50 participants. Enrolment will be conducted on a first-come, first-served basis.
Contact us
Executive Education Programmes Office,
Indian Institute of Management Visakhapatnam,
Gambheeram Village, Anandapuram Mandal,
Visakhapatnam – 531 163
Telephone: +91 7569309207
Email: eep-chair@iimv.ac.in, eep-office@iimv.ac.in
Session-wise Course Outline
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Days
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Session 1
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Session 2
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Session 3
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Session 4
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09.30-11:00
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11:00-
11:15
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11:15-12:45
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12:45-
13:45
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13:45-15:15
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15:15-
15:30
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15.30-16:45
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Day 1
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Inauguration
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Break
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Business Fail ures and Importance of Resilience
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Lunch
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Adapting
Strategies for the VUCA World
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Break
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Operational
Resilience: Principles and Practices
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(Inaugural
speeches)
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Prof. Karthika S
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Prof. Karthika S
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Prof. Milan Kumar
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Day 2
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Strategic
Sourcing: Local vs. Global
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Break
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Elevating
Quality: The Path to Continuous Improvement
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Lunch
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Navigating
Financial Re- silience: Cash flow management through Debt and Equity
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Break
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Leveraging
AI/ML for Organizational Resilience
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Prof Milan Kumar
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Prof Milan Kumar
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Prof. Kaveri Krishnan
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Prof. Neena Pandey
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Day 3
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Cultivating
Organizational Resilience
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Break
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Innovating
Through Collaboration: Participant Group Presentations
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Lunch
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Actionable
Insights: Par- ticipant’s plan for implementing Resilience Strategies in the Workplace Prof Karthika S and Prof. Milan Kumar
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Break
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Feedback
Sharing from Participants and Valedictory Session
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Prof Karthika S
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Prof Karthika S and Prof. Milan Kumar
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Prof Karthika S and Prof. Milan Kumar
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(Certificate
Distribution)
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Note:
- Photographs will be taken during the inauguration as well as during the valedictory sessions.
- Coffee / Tea Break will be from 11:00 - 11:15 hrs; and 15:15 – 15:30 hrs daily.
- Lunch will be from 12:45 - 13:45 hrs.
- The exact sequence of sessions and the faculty members will be finalized closer to the start of the program.
Program Directors
A multidisciplinary team of faculty members will deliver the program. The faculty members are not only skilled educators but also active researchers. As a community of scholars and practitioners, we come from different disciplinary traditions. Collectively, we bring to the program an engagement with education undertaken in heterogeneous national and cultural settings. This diversity enriches our teaching and will expose the participants to international experiences and approaches in the field of resilience.
The details of programme directors are as follows:
Assistant Professor
Production & Operations Management
Indian Institute of Management Visakhapatnam;
PhD, Operations Management (IIM Calcutta);
M.Sc. Operational Research (University of Delhi);
Milan Kumar is an Assistant Professor in Production and Operations Management Area. He holds a Ph.D. (FPM) in Operations Management area from Indian Institute of Management Calcutta. His research deals with supply chain risk with focus on pricing and sourcing strategies of a retailer faced with disruption risk. Prior to his Ph.D., he worked in the area of Data Analytic for close to two years. His work has been presented at various national and international conferences. His current research interest lies in supply chain risk management, operations and policy in Electric Vehicle domain, evolving role of Additive Manufacturing. He teaches core course in Operations mangement, Supply Chain Management, Supply Chain Analytics and Supply Chain Finance.
Assistant Professor Strategy,
Indian Institute of Management Visakhapatnam;
PhD, Strategy (IIM Bangalore);
PGDM, IIM Tiruchirappalli;
Karthika S is faculty in the area of strategy at IIM Visakhapatnam. She holds a PhD from IIM Bangalore and a PGDM from IIM Tiruchirappalli. Prior to her PhD, she held managerial positions at Tata Power and Amrutanjan Health Care. Her research interests are in process research and business resilience. Her research so far has been into the long histories of organizations through case studies. She has published case studies with Ivey Pub- lications and IIM Bangalore- Harvard Business School Publishing. She teaches Competition & Strategy and Strategic Resilience courses at IIM Visakhapatnam.
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