XIMB: Panel discussion held on aShould Business Move Beyond Competition?a
aThe purpose of the discussion is to question the variables that are believed to be the foundation of competitive strategies that firms and management theories have adopted since ages and also question the modified inclusive strategies that firms have been adopting in the recent yearsa, said Dr. Amar Nayak, who also moderated the discussion. The panelists were from various fields like spirituality, pure science, law, art, administration, & NGO.
Mr NK Mishra, Advocate, Cuttack High court, while speaking on competition, said awhom shall we compete with a among our peers or higher goals?a On the possibility of a more collaborative framework, Swamini Atmaprajnananda Saraswati, an XIMB alumnus who after serving as a banker in Middle East turned a sanyasin, said aOnly the Self a Actualized can contribute positively to the systema.
Mr DK Mishra, Founder a President, Association for India’s Development Australia Inc, gave examples of how the collaborative models work in Scandinavian countries and Amul Cooperative society while Dr Biju Shekhar, Scientist at Institute of Physics, Bhubaneswar brought to light the nature of competition in field of science. Mr Abasar Beuria, Retired Indian Foreign Service officer, spoke about the nature of firms in countries he served. Dr Ileana Citaristi, Odissi dancer and Padmashree Award Winner, added aCompetition can only be fair if there is self regulationa, and further asked aWhy should we compete, for profit or passiona, and said that competition should be more for passion than profit.
Having discussed the competitive and inclusive strategies in business and their basic tenets such as efficiency, control, technology, capital, economies of scale, the students and faculty involved in the course have been looking for new dimensions for a more sustainable and humane business models.