17th December, 2020
SPJIMR’s FMB organized webinar on “Action Plan for Reviving Profitability and Increasing Sales Post Pandemic”. The speaker was Mr. Ratish Pandey, Business Coach, Ethique Advisory, and Ex Head, Bose IMEA.
The speaker focused on business recovery post pandemic, reviewed the current economic situation and gave suggestions on how to get sales back.
Regarding business recovery and the current economic situation, he gave a positive view. According to him, the external factors driving current demand are: the festive period, a strong monsoon leading to higher agricultural outputs, and Government incentive schemes. Further, on the supply side, raw material prices are favourable. Most business people are optimistic about an economic recovery and business revival in a year’s time. Also, manufacturing index is trending upwards.
He suggested that in order to get ahead, businesses must lead the change, and focus on products, services, pricing, delivery, and staffing. It is essential to manage your human resources well. Companies must also aim to generate repeat business. Organizations need Foresight, Adaptability and Resilience. He explained “Five levers of sales and profitability improvement”. Also, for marketing, it is helpful to step into your customers’ shoes.
Further, he focused on entrepreneurs and said that entrepreneurship is about making ideas happen. He asked entrepreneurs to stay positive, not to panic and to look for small wins. He made several suggestions about what the entrepreneurs can focus on.
11th December, 2020
A Webinar on “Women in Family Business: CeOs or CEOs” was conducted today. The speakers were Ms. Pratima Kirloskar, President – Innovations (Society), Kirloskar Brothers Ltd., and Chairperson, CII Western Region Family Business Network Sub-Committee; and Ms. Nidhi Modi, Modi Group, Dealer for Hyundai, MG and Audi, Mumbai, Alumnus FMB 11. The discussion was moderated by Dr. Tulsi Jayakumar, Professor of Economics and Chairperson – FMB at SPJIMR.
To explain the title of the webinar – CeO stands for Chief Emotional Officer.
Ms. Nidhi Modi shared her experiences in her family business. She started by saying that it is not that women are not allowed in a family business. The world is moving forward now, and women can hold their own in business. They need to find their way ahead. It is quite common for women to feel guilty if they don’t give enough time to their family. She felt that women have brought this upon themselves, and often try to take on too much. Irrespective of the situation, a woman should have the determination to stretch her limits.
Regarding the question on role of women in male dominated sectors, Ms. Pratima Kirloskar said that today, women train themselves in many areas, and there is no sector in business in which there are no women. There is no such thing as a “man’s job” or “woman’s job”. Women can have the same mindset as men and vice versa. It all has to do with one’s education and interest. Women may not have had enough opportunities in the past, but now they do, and they are doing very well in their chosen fields. Being in a family business gives women the advantage of flexibility, and the confidence to try out what they want.
The speakers also asserted that women today are well educated, and can be as ruthless as men. They can raise money, and can break the concept of the “Old Boys’ Club”.
The speakers also outlined the internal constraints faced by women in family business and suggested how women can overcome them.
The Webinar was followed by an interactive QnA session.
11th September, 2020
A webinar on 'Women in Family Business' was conducted on 11th September 2020. The speakers were Ms Shivani Kejriwal (Alumnus FMB 8, Business Strategy - Remsons Industries Ltd.), Ms Sabina Bhanpurawala (Alumnus FMB 11, CEO - Foam Home India Pvt. Ltd.), and Ms Bhumika Jain (Alumnus FMB 11, Director -UV&W Products Pvt. Ltd.). The discussion was moderated by Dr. Tulsi Jayakumar (Professor of Economics and Chairperson – FMB)
“Girls just wanna have fun,” it is said. But the speakers showed a different view. In a lively and enlightening session, all the speakers shared their life stories and insights about being in family business.
Ms. Shivani Kejriwal spoke about how she enjoys sports and outlined her journey in sports education.
Ms. Bhumika Jain described how the ladies in her family encouraged her to join the family business.
Ms. Sabina Bhanpurawala said that she had started understanding her family’s business since she was 13 and she was sure that she wanted to be part of it.
All the speakers asserted that support from the family is extremely important, besides having the capability. They shared their stories about the special moments they cherish the most while working in the family business, and highlighted the challenges they face as women in business.
They talked about the need of a mentor whom one can rely on and who will show the right direction, and mentioned the qualities the mentor should possess.
In conclusion, they discussed why it is important to have women in the business and how women bring energy and structure, ethics, culture, and streamlined processes to the business. Moreover, mothering skills and multitasking skills, as well as good financial skills, which they develop at home, give them a unique perspective on business.
4th September, 2020
SPJIMR’s FMB conducted a webinar on “Resilience through Difficult Times”. The speaker was Mr. Nikunj Bagdia (Director, KEN Enterprises Private Limited). The session was moderated by Dr. Tulsi Jayakumar (Professor of Economics and Chairperson – FMB)
The speaker focused on what resilience means for him. He said pandemic was a time for him to rethink what their organization is doing and how they can do better. He said he took just 2-4 days to bounce back to his business.
The top management was given training from the beginning, so that they could continue interacting with customers, and thus they gained their confidence. Mr. Bagdia emphasized the role of the family throughout this pandemic.
His advice to youngsters during this time is - Relook at your skillset and business model, and make the changes required for success.
The webinar was followed by a question and answer session.
29th August, 2020
SPJIMR Centre for Family Managed Business and Centre for Financial Studies organized a webinar on ‘MSMEs: Breaking out of the Chakravyuh’.
The webinar was hosted by Mr. Mohan Natarajan (MD & India Head of Avista Advisory). The Panel Members were Dr. Nirvikar Singh (Distinguished Professor of Economics, University of California at Santa Cruz), Mr. Varadhan T R (MD Mascot Systems Pvt. Ltd.) and Mr. Manish Jaiswal (MD and CEO, Magma Housing Finance and SME Business). Dr. Tulsi Jayakumar, Professor of Economics and Chairperson – FMB was the moderator.
Mr. Natarajan opened the discussion by stating that MSMEs face a Chakravyuh of daily challenges, including problems with customers, government compliances, etc., and often do not know how to come out of this maze of problems.
Dr. Jayakumar, pointed out that MSMEs are very important in India as they contribute 29.7% of the GDP, are prolific providers of employment (e.g., they provided 11.1 crore jobs in 2015-16), and they generate 50% of the country’s exports. In fact, 99% of businesses in India are MSMEs. She also explained that they face multiple layers of challenges like Liquidity, Asset Quality, Lack of proper record keeping and accounts, and many more.
Dr. Nirvikar Singh spoke about the macro implication of the challenges that SMEs face, the major ones being Finance and cost of doing business. He suggested that small and mid-size firms should get support to grow into large firms. He mentioned that things are different in the USA as compared to India and made some suggestions on how the government should help Indian MSMEs in this scenario. The panelist highlighted the industry-related challenges faced by MSMEs. They pointed out that to survive the Chakravyuh of the COVID lockdown, MSMEs would need to re-examine their markets and the demands for their products.
31st July, 2020
“Motivation and Vision" featuring the inspiring story of Shri Ramesh Agarwal (Chairman and Managing Worker of Agarwal Packers and Movers) talks about his inspiring journey from Airman to Chairman.
The speaker began with the remark, “Life is 10% how you make it and 90% how you take it.” He shared about his 6-year tenure in the Airforce to becoming a businessman & setting up Agarwal Packers and Movers Ltd. (AMPL).
He highlighted different initiatives taken by AMPL to prevent trans shipment damage to shipments, facilities provided to drivers as AMPL believes that drivers are the lifeline of the business, the passion for excellence in customer satisfaction & best business practices to resolve customers’ complaints and innovative practices in costing and optimum employee engagement.
3rd July, 2020
The webinar by Rahul Sanghvi (Executive Director- Sanghvi Group) and Saurabh Mehta (Executive Director-Kriti Group) focused on "Overcoming the Technology Barrier in FMBs". Mr. Rahul Sanghvi and Saurabh Mehta both are FMB 10 alumni. Dr. Tulsi Jayakumar, Chairperson FMB & Professor-Economics, moderated the session.
The speakers outlined how technology has changed, in fact there has been a revolution. They spoke about how technology has been adapted to provide value addition in their respective businesses. In FMBs, technology has helped to overcome various business crises during this pandemic. Technology helps in decision making, and increases productivity while minimizing cost. They also spoke about the myths about adoption of technology, and presented the realities.
26th June, 2020
Ms. Tanvi Ashar (Head Psychologist-Ananta Mind and Wellness) in conversation with Mr. Kapil Nevatia (Founder-Ananta Mind and Wellness, and an alumnus of FMB Batch 3) conducted a live webinar on “Understanding and Getting through Tough Times” which focused on understanding and treating depression. Ananta Mind and Wellness is a wellness company offering personalized solutions for managing daily stress and anxiety.
The speaker began by outlining the basic facts about depression, risk factors, causes, symptoms and their effects, recognizing the symptoms, explaining the difference between low mood and actual depression clearing some false belief about depression. She also presented some mental health illness statistics, the treatments available, and how we can help our loved ones to deal with depression.
19th June, 2020
Ms. Priti Rathi Gupta, (Founder – Lxme, and Managing Director – Anand Rathi Group), an alumnus of FMB 6 on “Creating a brand from scratch” in conversation with Dr. Tulsi Jayakumar, Chairperson, FMB & Professor- Economics.
Ms. Gupta, from the Anand Rathi family, spoke about creating her own brand Lxme, an investment platform just for women. Investing is considered complicated, risky, and a man’s forte. Breaking the industry codes, she created a brand that redefines money management for women.
She described various aspects of the Lxme journey and the decisions made along the way. The Highs were: starting with a blank canvas, and utilizing the experience and backup of the existing organization. The Challenges included creating a shift in mindset, attracting talent, creating the culture, structuring finance.
She ended the session with a quote by Richard Branson: “The brands that will thrive in the coming years are the once that have a purpose beyond profit”, and a quote from Anand Rathi “Values create valuation”.
29th May, 2020
SPJIMR’s FMB hosted a live panel discussion with Mr. Sumeet Kabra (Director-RR Global), Mr. Deepak Agarwal (Managing Director-Bikaji Foods International Ltd.) and Simarpreet Singh (Director-Hartek Group) moderated by Dr. Tulsi Jayakumar(Chairperson, FMB & Professor – Economics). The topic of discussion was ‘How to make your organization a great place to work’.
Our esteemed panellist discussed about the 4P matrix (People, Process, Priorities, Performance) and the biggest challenges that one can face to make the organization a great place to work.
8th May, 2020
Dr. Tulsi Jayakumar (Chairperson-FMB, Professor of Economics) conducted a live session on 'Understanding the economic challenges of a pandemic recession'. Dr. Tulsi addressed key topics like recession, phases of recession, trend growth rate and the importance of trend growth rate.
In addition to that, she also spoke about Financial and Real economy shock and how this pandemic will impact our GDP, inflation, government bond yields and credit ratings.
She tied it all together with 4 mantras for survival during this ambiguity, followed by an interactive Q&A session.
30th April, 2020
SPJIMR’s FMB hosted a live panel discussion with Mr. Damodar Mall (CEO, Grocery Retail, Reliance) and Mr. Kumar Rajagopalan (CEO, Retailers Association of India), moderated by Prof. Umesh Dhand (Faculty, SPJIMR) on the topic - ‘Facing Retail Realties Post COVID19’.
Our esteemed panellists spoke about how COVID-19 has affected the retail landscape, including the family-managed businesses operating in the sector, FMCG supply chain systems followed by an elaborate discussion on the different ways to tackle these issues.
With the suggestion that family businesses should try to leverage their strengths during these trying times, the webinar drew to a close.
23rd April, 2020
Mr. Praveen Maratha (Supreme Court of India & Bombay High Court, Co-Founder - JSB & Partners) headed a live session on the topic “Employment Issues during the Pandemic.”
He spoke about the consequences of the lockdown on the economy, addressing issues like lay-offs, salary cuts & amendments in service conditions.
23rd April, 2020
Mr. Ashvini Chopra (Senior Vice President at Bennett Coleman and Co. Ltd) hosted an engaging webinar on the topic “Separating Fat from the Meat, creating Moat around personal wealth”.
Mr. Chopra opened the session by defining ‘Fat’ for owners of family-managed businesses, followed by the concept of Moat, stages of wealth, estimating and protecting wealth fund, and several more key topics.
The webinar ends with a lively Q&A session, conducted by Mr. Chopra and Dr. Tulsi Jayakumar (Chairperson FMB, Professor -Economics).
21st April, 2020
Prof. Ananth Narayan conducted a webinar to address the topic ‘Economy Through COVID-19’.
He spoke about the economic conditions before, during, and after COVID-19, while also mentioning the affected sectors and the problems they have been facing.
While declaring that the GDP will recover over time, he advised businesses to buy goodwill and stay connected with people to power through.
The webinar drew to a close with a lively Q&A session addressed by Prof. Narayan and Dr. Tulsi Jayakumar (Chairperson - FMB, Professor of Economics).
21st April, 2020
Prof. Farzan Ghadially headed a live session on ‘Mantra for Family Businesses: Survive Then Thrive.’
He addressed key topics like the current recession in the economy, the consequent job loss, and other important factors that affect the SME sector.
In addition to that, he also spoke about the ways in which the SME sector can effectively counteract the current situation, summing it up with a key lesson: Survive 2020 to thrive in 2021 and 2022.
|Article Title||Author||Article published media||Published date||Weblink|
|Our country's Trade Policy needs a rethink||Dr. Tulsi Jayakumar||The New Indian Express||23rd Dec 2020|
|Why RBI needs to look beyond inflation||Prof. Ananth Narayan||Mint||15th Dec 2020||Click to know more|
|What has Modi’s handpicked central bank chief accomplished two years in?||Dr. Tulsi Jayakumar||Quartz India||14th Dec 2020||Click to know more|
|A ringside view of the 21st century’s deadliest disease||Dr. Tulsi Jayakumar||Mint||19th Nov 2020||Click to know more|
|Can Indian firms benefit from anti-China sentiment?||Dr. Tulsi Jayakumar & Dr. Anshul Verma||The New Indian Express||29th Oct 2020||Click to know more|
|Alongside stimulus, real economy bottlenecks blocking job-creation and output must be removed'||Prof. Ananth Narayan||Economic Times||2nd Oct 2020||Click to know more|
|Indic Religiosity Scale: developing and validating an Indian religiosity scale||Dr. Tulsi Jayakumar & Dr. Anshul Verma||Journal of Management, Spirituality & Religion||29th Sept 2020||Click to know more|
|Should government be thinking of a Corona bond to fund fiscal deficit?||Prof. Ananth Narayan||CNBC TV18||24th Sept 2020||Click to know more|
|A tale of 3Gs: Of God, goals and government policy||Dr. Tulsi Jayakumar||The New Indian Express||21st Sept 2020||Click to know more|
|A stronger rupee can’t slay inflation||Prof. Ananth Narayan||Livemint||8th September 2020||Click to know more|
|Surviving the COVID: Addressing the business challenges in Family Business||Dr. Tulsi Jayakumar||Entrepreneur||9th Sept 2020||Click to know more|
|Shaping institutions —of, by and for the people||Dr. Tulsi Jayakumar||The New Indian Express||9th Sept 2020||Click to know more|
|Ninety-six shades of emotion in today's age of emojis||Dr. Tulsi Jayakumar||Mint||3rd Sept 2020||Click to know more|
|An Alternative Monetary Policy Assessment'||Prof. Ananth Narayan||CNBC TV18||26th August 2020||Click to know more|
|The money cycle and India’s road to prosperity||Prof. Ananth Narayan||Moneycontrol.com||24th August 2020||Click to know more|
|A tale of two surveys and the behaviour of respondents||Dr. Tulsi Jayakumar||Mint||18th August 2020||Click to know more|
|Making sense of divergent retail & wholesale food prices||Dr. Tulsi Jayakumar||The New Indian Express||19th August 2020||Click to know more|
|India’s inflation outlook isn’t as benign as it may seem||Dr. Tulsi Jayakumar||Mint||5th August 2020||Click to know more|
|The omissions and commissions of India’s MPC framework||Prof. Ananth Narayan||CNBC TV 18||4th August 2020||Click to know more|
|A relief and recovery blueprint for India’s economy||Prof. Ananth Narayan||Moneycontrol.com||13th July 2020||Click to know more|
|The narrative of beauty has to change||Dr. Tulsi Jayakumar||The New Indian Express||13th July 2020||Click to know more|
|Lending to MSMEs amidst the pandemic||Dr. Tulsi Jayakumar||Forbes India||25th June 2020||Click to know more|
|The Financial Impact Of Covid on Indian Micro,Small and Medium Enterprises And Their Outlook Amidst The Pandemic||Dr. Tulsi Jayakumar||The MAGMA-SPJIMR Survey report||Jun-20||Click to know more|
|Opinion | The post-lockdown prospects of our small businesses||Dr. Tulsi Jayakumar||Mint||16th June 2020||Click to know more|
|Nearly half MSMEs witness 20-50% impact on earnings due to COVID-19 pandemic: Survey||Dr. Tulsi Jayakumar||Economic Times||16th June 2020||Click to know more|
|Nearly half of MSMEs witness up to 50% fall in revenues, says a new report||Dr. Tulsi Jayakumar||Business Insider||16th June 2020||Click to know more|
|Nearly half MSMEs witness 20-50 % impact on earnings due to COVID-19 pandemic: Survey||Dr. Tulsi Jayakumar||Deccan Herald||16th June 2020||Click to know more|
|Nearly half MSMEs witness 20-50 pc impact on earnings due to COVID-19 pandemic: Survey||Dr. Tulsi Jayakumar||Outlook India||16th June 2020||Click to know more|
|Nearly half MSMEs witness 20-50 pc impact on earnings due to COVID-19 pandemic: Survey||Dr. Tulsi Jayakumar||Financial Express||16th June 2020||Click to know more|
|11 Crore Jobs, 30% of GDP: Small enterprises pushed to brink amid looming distress, despair||Dr. Tulsi Jayakumar||The Indian Express||3rd May 2020||Click to know more|
|The lockdown’s saving grace||Dr. Tulsi Jayakumar||Mid-Day||26th April 2020||Click to know more|
|Indianomics: Can RBI do any more for the financial sector?||Prof. Ananth Narayan||Interview with CNBC TV18||24th April 2020||Click to know more|
|Franklin Templeton closure: Expect RBI, govt to step in, says Ananth Narayan||Prof. Ananth Narayan||CNBC TV18||24th April 2020||Click to know more|
|Small units in distress as pandemic drives away business||Dr. Tulsi Jayakumar||The Hindu Business Line||24th April 2020||Click to know more|
|Opinion | When quarter-se-quarter-tak thinking is a letdown||Dr. Tulsi Jayakumar||Mint||24th April 2020||Click to know more|
|VIEW: Easy to call banks lazy, but one needs to ask why aren't they lending||Prof. Ananth Narayan||CNBC TV18||18th April 2020||Click to know more|
|VIEW: Govt needs to print money and spend to lift economy out of COVID-19 mess||Prof. Ananth Narayan||CNBC TV18||18th April 2020||Click to know more|
|The prospect of zero economic growth and the role of confidence||Dr. Tulsi Jayakumar||Mint||16th April 2020||Click to know more|
|Norges Bank’s move to sell EM bonds may push up local yields||Prof. Ananth Narayan||Economic Times||10th April 2020||Click to know more|
|Costly Money: Firms may pay more as govt borrows at 6.5%||Prof. Ananth Narayan||Financial Express||10th April 2020||Click to know more|
|Time Has Come for RBI to Fund India Deficit, Former Banker Says||Prof. Ananth Narayan||Bloomberg Quint||27th March 2020||Click to know more|