Professor Krishnan in his address discussed about the importance of research and how to come up with newer ideas. He also discussed about the evergreen debate between management theory and practices.
'We need to put our efforts to improve higher education both in terms of quality and quantity, and focus on research', he noted. He mentioned that the ranking systems today not only measure how many research paper a scholar has published, or how many conferences or seminars he/she attended, but also what contribution his/her research brought in the society as a whole. He welcomed all the participants and encouraged them to gain as much as possible from the conference.
FPM participant Shweta Gupta, also the Coordinator for CERE, then shared her views about the conference and discussed about the need to understand self-management quoting examples from the 'Bhagwadgita'.
The second half of the day witnessed various technical sessions, followed by another Keynote Address by Professor Richard M. Burton, Duke University, USA. His presentation was on the topic-'Three Great Books of 1967' which discussed about the three very influential books of management namely, 'Organizations in Action: Social Science Bases of Administrative Theory' by James D. Thompson; 'Organization and Environment' by Paul R. Lawrence and J. W. Lorsch and 'A Theory of Leadership Effectiveness' by Fred Fiedler.