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Bihar once called as a ‘Bimaru’ state has now come out from the quagmire of the sickness of development. Consequently, the resurgent face of Bihar is well appreciated across the country. Before that Bihar remained one of the least developed states of India. One of the important reasons for such a significant change in the development perspective is due to state’s good strides on economic fronts during the last one and half decade. The available statistics on Gross State Domestic Product (GSDP) indicate that the average annual growth rate during 1980s was 4.9 per cent which turned flat during 1991-92 to 1995-96. Similarly, during the period 2000-01 to 2004-05 the average annual growth rate at the constant prices of 2004-05 was reported to be 3.4 per cent. Since then there has been increasing trend in growth rate. The estimation indicates that the average annual growth rate at constant prices of 2004-05 was 10.2 during the period 2005-06 to 2009-10. However, during the period 2001-12 to 2016-17 the average annual growth rate at the constant prices of 2011-12 was 5.3 per cent. All these results of economic growth indicate that despite upward trend in growth rate in recent years the objective of sustainable growth is yet to be achieved.
If one looks at the economy of Bihar from socio-economic development point of view the story also does not go so well. The state is, by and large, lagging far behind in achieving the desirable level of socio-economic development which is quiet evident from various socio-economic indicators. For example, the incidence of poverty (poverty headcount ratio) during the year 2011-12 is 33.7 per cent meaning thereby that one-third of total population is below poverty line. The data on unemployment rate indicates that during the year 2015-16 it was 7.0 per cent in Bihar as against 6.0 per cent at the all-India level. Since both of these are reflections of the development profile of any region it can be said that Bihar has still to go forward to achieve the distinction of a developed state.
Overview
International School of Management, Patna organized 2nd National Management Summit and Research Conference (NMSRC-2018). NMSRC has become leading podium for academicians, corporate, strategists, research scholars, management graduates and professionals of different domains. Confederation of Indian Industry (CII) Patna Chapter was organizing partner for NMSRC 2018. The conference was hosted at ISM Patna on 14th & 15th December 2018 after the successful 1st NMSRC - 2017 with new participants, new researches, new concepts and new thoughts. This conference intended to bring together and provide a common platform to accumulate and exchange the innovative ideas, latest knowledge and unique experiences for the benefits of researchers, corporates, academicians, students and other participants. The 1st conference interactions & opinions brought a great environment for researchers to love their work and the interactive sessions with vast experienced academicians from different universities and institutions deepen their motivation towards the research.
If one looks at the economy of Bihar from socio-economic development point of view the story also does not go so well. The state is, by and large, lagging far behind in achieving the desirable level of socio-economic development which is quite evident from various socio-economic indicators. For example, the incidence of poverty (poverty headcount ratio) during the year 2011-12 is 33.7 per cent meaning thereby that one-third of total population is below poverty line. The data on unemployment rate indicates that during the year 2015-16 it was 7.0 per cent as again 6.0 per cent at the all-India level. Since both of these are reflections of the development profile of any region it can be said that Bihar has still to go forward to achieve the distinction of a developed state.
Objective
Two years ago ISM Patna had taken a policy decision to organize a two-day National Management Summit and Research Conference (NMSRC) each year to ponder over various issues related to management and development. The proposed conference was a follow up action of the policy decision and coined as 3rd NMSRC. The focal theme of this conference was selected with specific mission
The objective of the conference was<
1. To provide a forum for discussions and a platform for exchange of research experiences as well as secondary findings about the future prospect of development in Bihar.
2. To emphasize, and identify the development challenges facing the state
3. Find out ways to overcome these challenges to accelerate the development process in the state so that it may be ranked as one of the developed states of the country.
Outcome
More than 15 research papers were presented in the Conference from professionals from Industry and Academia to highlight the issues of Development of Bihar.
1. A wide participation from Industry and Academia
2. Key drivers of growth were highlighted
3. Key challenges in economic development of the state was identified
4. All stakeholders working towards development of state were sensitized
Themes and Sub-Themes of NMSRC 2019:
1. Resources Management and Development
i. Natural Resources
ii. Human Resources
iii. Financial Resources
2. Integration of Industrialization
i. Basic Issues and Problems
ii. Industrialization
iii. Food Processing Industries
3. Transforming Agriculture
i. Structure and Growth of Agrarian Economy
ii. Agricultural Industry
iii. Agri-Business Management
Overview
International School of Management, Patna organized 2nd National Management Summit and Research Conference (NMSRC-2018). NMSRC has become leading podium for academicians, corporate, strategists, research scholars, management graduates and professionals of different domains. Confederation of Indian Industry (CII) Patna Chapter was organizing partner for NMSRC 2018. The conference was hosted at ISM Patna on 14th & 15th December 2018 after the successful 1st NMSRC - 2017 with new participants, new researches, new concepts and new thoughts. This conference intended to bring together and provide a common platform to accumulate and exchange the innovative ideas, latest knowledge and unique experiences for the benefits of researchers, corporates, academicians, students and other participants. The 1st conference interactions & opinions brought a great environment for researchers to love their work and the interactive sessions with vast experienced academicians from different universities and institutions deepen their motivation towards the research.
Objective
1. To highlight issues in Management field
2. To generate ideas capable to tackle these issues
3. To provide nationwide platform to academicians and scholars to demonstrate and apprise their ideas developed and tested.
Outcome
1. Major issues and challenges in field of management were highlighted.
2. New ideas and concepts developed through research were shared through paper presentations and deliberations.
Themes and Sub-Themes of NMSRC 2018:
1. The Business Management and its Redefined Role
2. Conceptual Issues involved in Management and Development
3. Human Capital and Business Functions
4. India’s Development –Challenges and Business management
Overview
With sincere endeavour to research and best practices in all spheres of management and education, International School of Management, Patna (Bihar), India believe that our National Management Summit and Research Conference (NMSRC) would be the best platform to explore, excel, debate and evaluate critical issues and recommend the best strategy to move forward to ensure success along with gratification and delight.
The Indian business sectors have been still running out of issues and challenges in terms of their optimum growth so that their contribution to GDP may increase significantly. The management institutions and respective academicians across the country delicately involved in research on these issues to curb the adverse situation. Government and Industry are also endeavour very hard in this direction. The various government plans and innovative strategies of the industries are doing lot. NMSRC 2017 aimed at examining the major issues and challenges across the industries to bring about the solutions and innovative strategies to manage organisational growth. With this objective in view ISM organized NMSRC 2017 on the theme “National management Perspective”, proudly hosted annual and nationally acclaimed event on 15th – 16th December 2017 with acknowledging and highlighting the importance of current business scenario drivers to develop national competencies and success.
Objective
The conference had three broad themes which were categorically subdivided into six functional sub themes, to catch the interest of authors from different corners of India. In furtherance of the abovementioned issues and areas, the aims and objectives of conference were:
1. To identify the issues and challenges in the functioning of an organisation across the industries.
2. To discuss and analyse the present business scenario of Indian Industries.
3. To explore the best solution and practice to enhance the effectiveness of business organisations across the concerned areas.
Outcome
Faculty, research scholars, students of different management institutions participated in the conference with their original works. Altogether 46 manuscripts were received by the conference committee. Out of 46 manuscripts, 17 full papers were accepted for presentation. The conference can be attributed to achieve following outcomes:
1. Participation of over 100 experts including renowned academicians, corporates, policy makers and strategists from all over India
2. Major issues in the field of Management was highlighted
3. Development of key linkages between academia and industry.
Themes and Sub-Themes of NMSRC 2017:
1. Corporate Governance
i. Current issues and challenges in the functioning of organisation.
ii. The best solution and practice to enhance the effectiveness of organisations.
2. Industrial Development in India
i. Analysis of current business scenario of Indian Industry
ii. Prospects of Industrial growth in Bihar.
3. Business Organisations and Indian Economic Growth
i. Organisational initiatives to maximise the growth of Indian GDP.
ii. Government initiatives in helping industrial growth.
