This story is from January 28, 2019

CEA urges students to work towards creating impact in society

CEA urges students to work towards creating impact in society
Hyderabad: The country’s newly appointed chief economic advisor, Krishnamurthy Subramanian, who also continues to hold the position of associate professor at premier Hyderabad-based B-School, Indian School of Business (ISB), on Sunday exhorted ISB students to direct their efforts towards creating a positive impact in the lives of people and also lead their life with integrity without compromising on values.

“…you should be aspiring for impact. A lot of us usually set our objective as we want to have a good life for us and for our family members and I think that is a worthwhile goal to have but I would motivate you to actually think beyond that – think about having impact to affect others’ lives. Often times what limits us from achieving that potential is thinking in a limiting way … especially just thinking about making money… I sincerely believe that if your only ambition in life is to become rich, it shows an extreme poverty of ambition. So aspire to have impact…,” he said.
Prof Subbu, as he is fondly known on the ISB campus, was addressing students at the ‘Graduation Day’ of Post Graduate Programme for Senior Executives (PGPMAX 2018), Post Graduate Programme for Working Professionals (PGPpro 2018) and Post Graduate Programme in Management for Family Business (PGP MFAB 2018) at ISB’s Hyderabad campus. As many as 222 executives, including 67 from PGPMAX Class of 2018, 71 from PGP MFAB Class of 2018 and 84 from PGPpro Class of 2018, graduated from the institute. In fact, the PGPpro class had selected Prof Subbu as ‘Professor of the year’ for elective courses for the corporate control merger and acquisitions course.
Besides, he also urged students “play with a straight bat” and not to resort to unscrupulous means to achieve their ends in life.
Meanwhile, in his address, B V R Mohan Reddy, executive chairman, Cyient Limited, who presided over the Graduation Day ceremony, too stressed on ‘values’ and urged the future leaders to be responsible in dealing with capital.
“When we raised money from the public, it was with the belief that once we touch others’ money, we become custodians of public wealth…I get into trouble with some of my young startup friends occasionally…if you start thinking about touching anyone else’s money, you got to believe that it is not your company any longer but you are running a public company and you are playing a role of custodian of public money,” he said. Reddy said that the students will have to gear up to operate in the challenging environment of Industry 4.0 that does not only usher in new business opportunities but also brings in areas of concerns such as rising inequality in society.
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