THE AIB 2015 Annual Conference - Bengaluru, India
(L - R) Dr. Sumit Kundu and Dr. Ram Mudambi, Vice-President, AIB; Dr. S. Raghunath, India Chapter Chair, AIB and Professor of Strategy, IIMB; Dr. Sushil Vachani, Director, IIMB; Dr. Nakiye Avdan Boyacigiller, AIB President and Dr. Tomas Hult, Executive Director, AIB at the Press Conference.
Indian Institute of Management Bangalore and the Academy of International Business hosted the 56th Annual AIB Conference with 121 paper sessions, 6 special sessions and 33 panels across 15 tracks, from 27th June – 29th June 2015, in Bangalore.
The prestigious conference that came to India for the first time ever, brought practitioners and scholars from 62 countries together.
AIB also announced a start of a new tradition this year by visiting a third sector, social organizations, to give the AIB members a chance to go beyond the walls of the conference venue and witness how innovative organizations are dealing with some of the challenges facing India.
Themed ‘Global Networks: Organizations and People’, the AIB Annual Global Conference 2015 focused on responding to three megatrends—the rise of trade in activities, knowledge-intensive intangibles and emerging markets.
Dr. Nakiye Avdan Boyacigiller, AIB President, said: “We are very excited to be holding this year’s Annual Conference of the Academy of International Business, in Bengaluru, India as it has been a goal for many of us for years. The conference provides a venue for us to discuss the latest developments in international business research, teaching and practice, as well as looking at the policy implications of our work. There are a number of specific sessions focused on the context, management and multinational enterprises of India that attracted much interest by our members. With conference attendance at over 800 participants from 60 countries as always, old ties have been rekindled, and new ties were made between scholars as well as institutions.”
Dr. Sushil Vachani,Director, IIMB, said: “Bengaluru is one of the best cities in the world to observe the confluence of the megatrends. It is a vibrant centre for both the creation and export of knowledge-intensive intangibles in the information technology and biotechnology industries. It also symbolizes the opportunity presented by the rise of entrepreneurship in emerging markets, captured in the billion dollar valuations of homegrown e-commerce companies such as Flipkart.”
Dr. Tomas Hult, Executive Director, AIB, said: “Following recent meetings in Brazil and China, the Bengaluru AIB meeting represented a great opportunity for the international business community to engage with each other in one of the most important global cities for business in Bengaluru and one of the world’s largest economies in India.”
Dr. Tunga Kiyak Managing Director, AIB, said:“India is the one of the largest emerging markets and members of AIB wanted to experience the Indian economy and the country at large. We have the opportunity of working with the one of the premier management schools in the world – the Indian Institute of Management Bangalore. Therefore we did not want to miss the opportunity of holding AIB-2015 Global Conference in Bangalore.”
“Bangalore is particularly appropriate since it encapsulates megatrends in a single location. It is at once a center of high value, focused IT activities that appear within a wide range of GVCs, from avionics to financial services. Its location in an emerging economy enables visitors to see for themselves the just a position of gleaming, globally connected IT campuses and economically isolated communities disconnected from the world economy, ”said Prof. Ram Mudambi, Vice-President, AIB.
Drawing attention to the fact that India is the growing destination for foreign investment and International business, Dr. S. Raghunath, India Chapter Chair, AIB and Professor of Corporate Strategy and Policy, IIMB, said, “India has regained its position in the list of top 10 destinations for foreign direct investments (FDI) in 2014, according to the World Investment Report 2015 released by the United Nations Conference on Trade and Development (Unctad). India is ranked ninth in the latest report as against 15th last year. FDI into India through the approval route shot up 162 per cent to US$ 1.91 billion in the first ten months of the ongoing fiscal year, indicating that government's effort to improve ease of doing business and relaxation in FDI norms may be yielding results.”
“The conference is being held in India for the first time and has show cased Indian scholars and practitioners in enhancing our understanding of complex international business issues faced by corporations doing business in and out of emerging markets namely India and other countries in the 21st century,” pointed out Sumit Kundu, Vice President, AIB.
The AIB 2015 conference served as a forum for interaction, sharing and exchange of ideas among academics, practitioners, consultants and policy researchers from multiple disciplines from across the globe. Some of the leading practitioners and academicians who participated in the Global leadership conclave include leaders from the Corporate world such as Harish Manwani, Chairman, Hindustan Unilever Ltd and former COO, Unilever; Dr. Kiran Mazumdar Shaw, Chairperson and Managing Director, Biocon; Ashutosh Raghuvanshi, Deputy Chairman and Group CEO, Narayana Health;, Sanjeev Vohra, Managing Director for Accenture Digital; Aditya Menon, Managing Director, Global Digital Strategy at Citi; K. Suryaprakash, Senior Vice President and Global Head – Digital, Infosys; Anil Menon, President, Smart+Connected Communities, Deputy Chief Globalization Officer, Cisco.