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LIBA: Session on aDevelop a Global Mindseta held on Oct 07

Quoting the newspaper articles on mergers and acquisitions from around the world Ms Anne Nemer, Asst. Dean and Executive Director, University of Pittsburgh, Pennsylvania said aWith the economic growth in the past few years, developing countries are becoming more and more international. Therefore the need for a global mindset is imperative for managers and leaders. In fact one of the worldas first managers with a global mindset came from India; Mr. Jamshedji Tata. The world today is multi-polar and the technological advances have led to a global rebalancing, in the coming years the GDP growth of the developing world will soon overtake that of the developed world.a

The lecture enclosed the importance of innovation and its connection to survival in the industry by citing the example of Bombardieras latest innovation ECO4, an energy efficient train, where 75% of the products to be sold in the next five years are yet to be innovated or invented.

Ms Anne Nemer encouraged the students to make the best use of a diverse culture like India to broaden their horizons of thinking and understanding cultures. She further emphasized the importance of not only learning but also teaching and the role of social and professional networking.

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