The Management Reveiw_November 2020-Final-04.11.2020

PRESIDENT'S MESSAGE Sanjay Kapoor Season’s Greetings to the Readers! students can apply online through HMA President, website. The resource persons are from B Hyderabad Management Association The world is changing rapidly, and one schools & industry stalwarts from MNC’s. must keep up with the times and to do CONTENTS this, we have to learn to critically engage, A Management Development think, assimilate and present information Certification Program for young managers President’s Message 2 from an increasingly information-led on the topics of “Soft Skills Training” & Sanjay Kapoor economy. “Finance for the Non-Finance Managers” are going to be announced soon The Editor’s Desk First 4 months of the HMA year 20-21 Sankara Venkata Krishna Prasad3 have progressed. The plan for year as The much awaited HMA 19-20 awards detailed at the start of the year (July ceremony is scheduled for middle of Dec Electricity Demand & Consumption 4 2020) is moving on the right path of 2020 in Physical form. The awards criteria In India – Post Covid – A Scenario achievement on most aspects, if not all. for 20-21 will be further revamped and Ramesh Kumar Ramakrishnan announced as the nomination process Our Communication Channels are now gets initiated during this ceremony. Hyderabad Through the 5 revamped and are more informative. I am Eyes of Kingshuk Nag sure you would go through the HMA has taken an initiative for Kingshuk Nag registering mentors, trainers’ • HMA newsletter “The Management motivational speakers & Management Skyroot Aerospace—of 6 Review” – A monthly knowledge Consultants. These details will be Rockets, Satellites & Dreams and information feed uploaded on our website and made M. Somasekhar available for any member or non-member • HMA Social Media handles of to reach the respective person directly Stress Management and LinkedIn, Facebook, Twitter & for any services required. This will give an Relaxation Techniques (Smart) YouTube which not only have opportunity to help various organizations, Prof Mahesh Kumar Soma8 UpToDate information about HMA individuals, management practitioners programs but also have a repository to avail the services rendered by these Management Accounting Practices: 8 of all activities. Most of the individuals. The one-time registration will Sustainability Reporting and knowledge sessions are available be free for Members and chargeable for Contemporary Developments either live on Facebook or uploaded Non-Members If you fall in any of the later onto YouTube. above 4 categories, viz mentors/trainers/ “Personal Effectiveness” motivational speakers & management Ms. B. Sree Bala9 • A complete revamped and updated consultants, kindly send your details- a Website which serves as a one- passport size photograph with a small “Youth4jobs: Evolving And Scaling stop-shop and has among others writeup of max. 200 words, about what Up A Disability Inclusion Mode” “Benefits of Being HMA member”, you can offer or a link to your profile. Ms Meera Shenoy9 the Constitution Copy and These details will be put on our website provision for filing of nomination and propagated wherever possible. Management Education: Relevance, for HMA award online HMA MSME help desk at the HMA office Challenges and Opportunities Let’s look at the other Improvements/ will be operative soon additions: In Post Covid Arena 10 A nation-wide online survey will be • HMA went through the Re- launched soon Spiritual Leadership 11 assessment of the ISO 9001-2015 for Building a Resurgent India and diligently set the SOP’s for HMA can now help our members & non- Swami Bodhamayananda every activity and its monitoring members for conducting any research & process. This is now implemented, surveys at a very nominal cost. Please get in The Government of India Schemes & will be reviewed periodically & touch with the secretariat for any details. monitored by the Management the Missing Links: Msmes 11 Representative. Improvements on Administrative and Governance matters are in process Team HMA 2020-21 12 • All HMA programs are now and introduction of Code of conduct & chargeable for Non- Members Constitution changes will be taken up Feedback: There is nothing like honest (except MDP programs which soon through an EGM feedback. We request you to go through are subsidized for members & this issue of The Management Review chargeable for Non-Members) & We keep looking forward to your inputs and give us your suggestions on how to FREE for members and suggestions. Your involvement is very improve the design and content of the important for the growth and excellence of same. You can email us on : The First Certification “Industry HMA. In the coming months and before the [email protected] Readiness Program” (IRP), a end of 6 months, either me and/or Hony. 42-hour/60days regimen at an affordable Secretary, HMA will reach you out through cost of just Rs 1000 for the MBA/BBA a telephone call to take your feedback. final year students from the states of Telangana & Andhra Pradesh is launched Always remember and has started from 10th Oct 2020. This is to bridge the gap between the “Your comfort zone is a place where you MBA/BBA student embarkment from keep yourself in a self-illusion and nothing campus to the corporate/entrepreneurial can grow there, but your potentiality can journey. The details of this much required grow only when you can think and grow initiative are made available on HMA out of that zone.” website (www.hmaindia.net). Interested ― Rashedur Ryan Rahman 2 THE MANAGEMENT REVIEW

Volume: 19  |  Issue: 04  |  November 2020 THE EDITOR’S DESK The Management Review, your favourite The feature depicting the status of Sankara Venkata Krishna Prasad newsletter of Hyderabad Management power from multiple sources in the post Editor Association, reflects the current situation. covid era by the former CEO of a power The Management Review And this month, the cover depicts the energy company of Gujarat backed up by recent incessant rains followed by floods in statistics and graphs. Editorial Committee Hyderabad. The visuals of iconic Charminar among pools of water, NDRF volunteers in Hyderabad from the eyes of one of our Mr. Sankara Venkata Krishna Prasad, action, equestrian help (Hyderabad Horse advisors indicates how the outskirts are Life Member, Joint Secretary & Editor Riding School), those in boats trying to turning into residential preferances, as rescue as many as they could, the picture the river moosi has been mostly occupied Mr. K. Chandrasekhar, of a natural calamity (partly man-made) by the real estate industry, blocking free Member & Treasurer serenading in its fury, the poignant flow of water, thus paving a way for such instance of a toddler being rescued calamities. Prof. A. R. Aryasri, making waves in the media, reflecting the Life Member unpreparedness the machinery has been A Hyderabadi start up actually is on in tackling the crisis as part of its Disaster a cloud nine, as it forayed into space Mr. Suresh Kochattil, Management responsibilities as also the segment as part of the start up featured Co-opted Member unbridled occupancy of water ways by the by another advisor to HMA. real estate. Mr. Narayan Rao, A panel discussion on the topic The Life Member This issue carries a supplementary to Government of India Schemes and the present to the management students the missing links : MSMEs with 4 panel Mr. P. Rajendra Krishna Prasad, ideas that took shape into IRP (as part of members related to the field Life Member HMA initiatives of SDPs) , the Industry Readiness Programme, a brainchild of Others include the regular FDPs, MDPs, Mrs. Geeta Mallikarjunan, our President Shri Sanjay Kapoor, the WDPs, SDPs, LP, Quiz. The Management COO programme inaugural in the presence Review thanks all its sponsors and of men of repute including IAS , the advertisers as we look forward to sessions had resource persons who were another month, watch out for the more an integral part of HMA including past trainings under IRP, the upcoming awards presidents and a secretary. (For more ceremony scheduled in December details, pl refer to the edition attached) and more in the Management related programmes that HMA has been making a mark.    https://www.facebook.com/HyderabadManagement/ https://twitter.com/hydhma   https://www.youtube.com/channel/UC9Ejy1Z3kng4kibICNvZzWw/featured  https://www.linkedin.com/company/hyderabad-management-association---india/ HMA UPCOMING EVENTS-NOVEMBER 2020 DATE TIME COMMITTEE AIMA & HMA EVENTS - 2020 SPEAKER TOPIC 7th 6.30PM- 8.30PM Lecture Meeting Indian Direct Selling Associaiton & HMA with Mr NOVEMBER Jayesh Ranjan IAS & 4 other panelists 7th 6.00PM - 8.00PM IRP Panel Discussion - Role of Sri Dakshina Murthy 8th 11.00AM-1.00PM IRP Entrepreneurship in Self Reliant India Sri Eashwar Subramanium 8th 2.00PM-4.00PM IRP Sri Dakshina Murthy 11th 5.00PM - 8.00PM MDP C V Building Mr. Sivaram Tekuru 12th 5.00PM - 8.00PM MDP Group Discussions Mr. Sivaram Tekuru 15th 11.00AM-1.00PM IRP Personal Interview Skills Sri Srinivas Ayyagiri 19th 6.00PM-7.00PM WDP Export-Import Management To be announced 21st 6.00PM - 8.00PM IRP Export-Import Management Prof Irala Loknanda Reddy 22nd 10.00AM-1.00PM IRP Presentation Skills Prof Irala Loknanda Reddy 28th 6.00PM - 8.00PM IRP Panel Discussion Prof Irala Loknanda Reddy 29th 10.00AM-1.00PM IRP Spread Sheet Skills Prof Irala Loknanda Reddy Spread Sheet Skills Spread Sheet Skills Spread Sheet Skills Editor: Sankara Venkata Krishna Prasad, Publisher: Hyderabad Mangement Association, The Cover Page and Technical Support: Active Ads & Printers Pvt. Ltd. THE MANAGEMENT REVIEW 3

Featured Article ELECTRICITY DEMAND & CONSUMPTION IN INDIA – POST COVID – A SCENARIO India has set an ambitious target of slated for growth to USD 5 trillion by 2025, Ramesh Kumar Ramakrishnan becoming a 5 Trillion USD economy and albeit with the Covid-19 the target date historically electricity has always either certainly gets reset, requires a growth of Formerly CEO & Managing Director grown in line with the rate of growth of about 8% every year and to achieve this of ESSAR Power Gujarat Ltd., Gross Domestic Product (GDP) or exceeded electricity sector has to grow at the same Life Member, HMA the GDP. pace if not higher. The Government of India is working on a slew of measures to investment in technologies relating to India is home to a population of about 1.3 achieve this target of which manufacturing storage of electricity and with thrust on billion with an annual per capita electricity like Make in India and Aatmanirbhar Bharat renewable energy being given to adhere to consumption of about 1181 kWh (2018-19) are expected to propel the electricity commitments made under Conference on ( ~10% of USA or 25% of China). Ideally consumption growth in India. Climate Change (COP). India has set a target if the global average which itself is about of 175 GW (Currently 90GW ) of renewable 2674kWh the capacity of the power sector It was also estimated in 2017 that about energy while the current mainstay has been in India needs to be doubled to meet 26 million households did not have access thermal which is about 62% (231 GW) of the increased demand. Current installed to electricity in India. While work on the gross capacity. Balancing conventional capacity of and the sector wise distribution electrification of the rural areas has largely as well as green energy will go a long way in is as provided in Table 1 and Table 2. been completed, the last mile connectivity having a stable power grid with emphasis on to the individual household continues to be peaking load to be met by Gas based power Table 1 a challenge. stations while operating thermal capacities as base load after factoring the green energy Source Capacity Accessibility of cost effective and reliable capacity and generation. Thermal (coal/gas/lignite) 231 power to the manufacturing sector and Hydro 46 non-metering of the consumption to the Studies indicate that electricity consumption Nuclear 7 agriculture sector are the key challenges in India is expected to grow to over from the Renewables(wind/solar/ faced by India. The States have far too existing level of about 1561 TWh to 1905 biomass) 89 intervened in holding back tariff revisions TWh by 2022 and to 2500-2800 TWh by TOTAL -GW making it difficult for Distribution 2030 which augurs well for the electricity 373 Companies (DISCOMS) to sustain its sector in terms of growth, new investments, Source: CEA – September 2020 finances and incurring huge losses. The efficiency optimization etc and this means Electricity Act 2003 is being amended to the current electricity generation capacity Table 2 provide for automatic tariff revisions by the needs to be more than doubled in less than State Electricity Regulatory Commissions 10 years. Sector Capacity on annual basis and ensuring the energy Central 94 purchased by DISCOMS is fully metered. State 104 Presently the metering efficiency on all Private 175 India basis is estimated to be about 75% Total-GW 373 which means there are States which meter Source: CEA – September 2020 just about half of the electricity consumed. The aggregate transmission and commercial The electricity demand in India has steadily losses is currently very high >25% which declined until August 2020 owing to the needs to be reduced significantly by bringing Covid-19 and has registered an uptick for in efficiency in metering. the first time in September 2020 (1.8% yoy) indicating signs of revival of the economy A further challenge for India would be with gradual unlocking of the various sectors on storing of renewable energy and which can be seen from Table 3. Electricity Demand -April - August 2020 All India Installed Table 3 Capacity Decline Month Decline 94 104 175 373 Apr 23.2% 25.0% Central State Private Total-GW May 14.9% Jun 10.9% 20.0% Jul 3.7% Aug 1.7% 15.0% 10.0% 5.0% 0.0% Apr May Jun Jul Aug Source wise generation capacity(GW) Source wise generation capacity(GW) (Source: CEA) 89 The growth in electricity generation which 7 231 is also an indicator for the consumption 46 over the last 5 years has been range bound between 5.2% to 5.8% except for 2019-20 Thermal (coal/gas/lignite) Hydro Nuclear Renewables(wind/solar/biomass) which saw a growth of below 1%. The GDP currently estimated at USD 2.88 trillion is 4 THE MANAGEMENT REVIEW

Volume: 19  |  Issue: 04  |  November 2020 Featured Article HYDERABAD THROUGH THE EYES OF KINGSHUK NAG In my first article in the last issue of While this is welcome, it would have Kingshuk Nag this monthly, we had noted how new been better if the city had not been Former Resident Editor, Times of minister K T Rama Rao had declared overtaken by floods and torrential India Hyderabad, advisor to HMA (soon after statehood) that he would rainfall just a fortnight ago. Though strive to expand Hyderabad such that no human has control over the skies and extreme discomfort to citizens. eventually it became half of Telangana. opening up, the latest rains resulted Needless to add in this situation, the This increased urbanization would take in huge flooding and destructions of Musi which was once the lifeline of care of finances needed for the new properties, all across. Reports emerging Hyderabad was of no use. It has all but state - by creating more opportunities suggest that towards the end of the disappeared in the last few years and for industry and the services sector and month (October) areas were still water has literally become a ‘ganda nala.’ modernized farm sector. And hopefully logged and residents of the affected in the process besides becoming a areas were all at sea with the water Expanding and developing Hyderabad mega city and the cynosure of all eyes, levels still not down. NGOs have is a laudable objective. But there must Hyderabad would become a huge and become active seeking donations, be a plan to curtail random expansions attractive city. utensils and clothes for those affected which should go hand in hand with and also to rebuild the destroyed lives. the expansion plan. To modernize In line with this thinking I received Hyderabad the prime need is to plan in mail just two days ago an offer How did this destruction happen? this expansion: sans the pressures from a top realtor for farmland and Preliminary investigations reveal that from the real estate lobby. We have to residences in the vicinity of Hyderabad. the water bodies and lakes that dot remember that Hyderabad came up as To make the offer more realistic, the Hyderabad are all linked through a planned city – right from the times promoter talks of village life and how various channels. When there is heavy of Qutb Shahis. In fact I would imagine living there close to nature, in midst flooding due to excess rains, the water that the founders of the city chose on of zero pollution, unadulterated water is drained out automatically through its location based on its geographical sources and greenery, would really these inter connected lakes. Ultimately reality of its natural gradients and make life meaningful and rewarding. the water reaches the Musi and flows location of rocks and water bodies. Similar offers from other realtors must out to bigger rivers of which Musi is But that has been all but destroyed have also hit the inboxes of other a tributary. But this is what happened now leading to the kind of chaos that Hyderabadi residents. In fact I already in the past. Not any- more because we witnessed. Telangana has become know many who have moved out to new buildings and constructions have a state six years ago. Therefore it such green pastures a little farther literally blocked the pathways of water is incumbent on the government, from the city and are enjoying their and their running channels. So when its business and citizenry to plan its stay in the midst of nature for the last it rains, water collects on the way growth in such a fashion that there is few years. They drive to their place of and leads to flooding. With rampant all round development and Hyderabad work every day and since the roads are constructions all around, not only does really becomes a wonderful aspirant empty they seem to be enjoying their the water not drain away but gets city. Is anybody listening? to and fro journey. into buildings and path ways. What is more, not only does the water enters homes but also displaces vehicles in the basement of multi storied buildings or on the roads. Pictures showed distressing photos of vehicles swimming around in the water. In the last round of heavy rainfalls a few days ago, worse happened. Finding the lakes filled up due to the heavy precipitation, some interested parties ‘breached’ the lakes to disperse the water so that their properties would not be affected. But the result was devastating: flooding all round THE MANAGEMENT REVIEW 5

Featured Article - Start up Stories SKYROOT AEROSPACE—OF ROCKETS, SATELLITES & DREAMS Space, stars, sky and rockets were in their Bharat, an electrical engineer from IIT, M. Somasekhar dreams from a young age. But, unlike most Madras too got recruited and we both were Former Associate Editor, kids, who continue to be fascinated by space together. The Hindu Business Line Hyderabad, even after they grow up, Pawan Kumar advisor to HMA Chandana and Naga Bharath Daka, have Here, we got lucky and worked on the begun an exciting journey to turn them into Geosynchronous Satellite Launch Vehicle, The Mission and Growth: real. especially the GSLV MK3, Launch Vehicle Development Programme. It was a great The primary mission of Skyroot is to The Engineer duo, both IITans and around learning time and the first-time success design and build space launch vehicles in 30 years have started Skyroot Aerospace of the rocket launcher, not only boosted the private sector. We drew heavily on in 2018. Based out of Hyderabad, it’s a the morale of ISRO, but gave us solid the presence of Engineering talent in the spacetech, start up to build Rockets that experience and confidence to venture into aerospace sector in Hyderabad, especially will place small satellites into Low Earth entrepreneurship. from the retired scientists of the ISRO Orbit (LEO). Both are first generation & Defence Research and Development entrepreneurs. The ISRO has the workhorse PSLV (Polar Organisation ( DRDO). Quickly, we had a Satellite Launch Vehicle), which is amongst team of rocket engineers with a cumulative Launch Vehicles market is multi billion the best in the launch vehicles business experience of 300+ years in the rocket dollar and there are about half a dozen big to place satellites into orbit. However, it’s industry. players, like NASA, Arianespace, Russia, limited to carrying payloads (satellites) of the China, ISRO etc. Private players like SpaceX capacity of less than two tonne. This strength has quickly translated into is zooming up with a frenzied rate of growth developing our Vikram series (named after while Lockheed Martin, Jeff Bezos ‘ Blue Therefore, the ISRO needs GSLV to place Vikram Sarabhai) of 3 launch vehicles in two Origin’ are all firming up mega plans. Their heavier communication satellites and years. Vikram-1 is under manufacturing and focus is on launching large satellites and also for its ambitious interplanetary and targeting commercial launch in Dec 2021. It interplanetary missions. Human in Space ( Gaganyaan) project, hosts an Orbit Adjustment Module (OAM) at Chandrayaan-3, Mars etc in the long term. the top which gives it the capability to place But, in recent years, there has been a boom multiple satellites into space. in small satellites with a wide range of During the years (2012-18) when we applications from images to communication worked, ISRO was in the thick of action with In a very short time, Skyroot has and space based experimental research. This Mangalyaan, Chandrayaan, PSLV launching a also emerged as the first company to is where Skyroot Aerospace has positioned record 104 satellites and GSLV among many successfully test fire the upper stage Rocket itself. At present, there is only one company projects. engine named Raman (named after CV with commercial launch capability named Raman, Nobel Laureate in Physics). This is Rocket Lab, based in the US, but started by Globally too, the spectacular rise of Elon critical in ensuring the operational capability New Zealanders, says Pawan Chandana, Musk’s Space X and announcements from of satellites that will be carried by Vikram CO-Founder and CEO of Skyroot. giants like Amazon founder, Jeff Bezos launcher. It has expertise to develop both owned ‘Blue Origin’, Lockheed Martin, solid and liquid propulsion technologies. The estimated market for Launch of small NASA and China’s ambitious plans, satellites into LEO is expected to be $15 motivated us, Pawan says. The success is also key to validating the billion by 2027. In numbers it translates to company’s 3D printed, propellant injector. about 7000 small satellites. Having made The Beginnings: In addition, it reduces the engine mass and significant progress in developing a Launch components substantially, he claims. Vehicle named Vikram, Skyroot team is Luck came our way in the form of meeting confident to enter commercial launch Mukesh Bansal, founder of Myntra and Cure market by end of 2021. “The quicker we can Fit, during mid 2018. He not only liked our get to the commercial phase, the brighter ‘Start up’ plans & focus, but immediately are our chances of getting a good share of committed Rs 10 crore. the market”, Pawan says. It was a big push to take the plunge and The Idea Stage: Me and Bharat launched Skyroot in the second half of 2018. More investors came Pawan reflects that he nurtured a in the form of Solar Industries, Vedanshu fascination for rockets and space from Investments and a few Angel Investors. We School days. Ideas of entrepreneurship came could raise Rs 31.5 cr, Pawan stated. during the study years at IIT Kharagpur. But, guts were lacking, he recalled. In the past five years, there have been nearly a dozen startup’s in the private space That’s the reason, I jumped into Indian sector in the country. Some of these like Space Research Organisation (ISRO), which Agnikul, Pixxel, Vesta Space, ExSeed Space, came for campus recruitment in 2012. I was Bellatrix have raised handsome funds too. selected and joined the Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram. 6 THE MANAGEMENT REVIEW

Volume: 19  |  Issue: 04  |  November 2020 Featured Article - Start up Stories (Cont...) Another achievement, more recently The COVID19 pandemic has slowed down transportation picks up. Re-usable rockets unveiled on the birth centenary of Prof the momentum, but we hope to bounce will be like aircraft and not like the existing Satish Dhawan, former Chairman of ISRO & back. In the next one year, we have to raise ones, which launch satellites and fall off into Director of the IISc, Bangalore in September Rs 100 cr. With just one competitor in India the sea as a onetime effort. was the cryogenic engine named Dhawan-1. now named Agnikul, Chennai and only one This engine was made entirely with 3D commercial launcher globally in Rocket Lab, Skyroot employs about 40 technically skilled Printing, 100 percent cryogenic propellants- we have the advantage of being among the professionals on a full-time basis. More than LNG/LoX, says Pawan proudly. early movers into the business. The market 150 work through our 4-5 vendors. “We All these impressive developments have should be lucrative for the first dozen only partner with ISRO for utilising their test won Skyroot Aerospace the National Start entrants globally, he exudes confidence. facilities and for technical reviews”. Up Award 2020 in the category of Space. The route to our success will also be decided Skyroot Aerospace has tied up with a Big Challenges, High Risks & Take Off by the competitive and cost differential few industries across the country to Stage: we can make in the costs of payload. At manufacture the subsystems. The company Space business is challenging, high cost present the big launch vehicles charge about has expertise in all the required aspects of and risky? No doubt about that, but in $20,000 per kg, ISRO offers a slightly lesser Launch Vehicles, propulsion systems and the long term, space is the best hope for price for its PSLV. Space X, is targeting to fuels required too, he said. mankind, space-based economies could be dramatically lower it to $5000 per kg with lucrative—Space tourism, space stations, its mastery of reusable rockets in the near On the revenue model, Pawan says that more satellites, colonisation on Moon, Mars future. earning will start with charges paid by etc. There are huge opportunities up there, customers flying their satellites. Pawan feels. Since, our USP is to build smaller rockets, The Indian Government’s decision to place smaller satellites (less than 500 kg) and approve private sector participation in Space have expertise in lowering overall costs, we in June 2020 has come at the right time. stand a good chance of doing well, he feels. It allows us to even build a small launch The bigger players might not get into this pad in SHAR, Sriharikota to accelerate our space and in the next 5 years about half a launches. dozen new players might enter. It’s not easy to build technology capabilities as it requires development and assembly of a large number of sub systems and minimum 4-5 years gestation. We were quick to acquire and develop technologies in-house because of our association with the ISRO and large pool of talent available in India, he adds. Our target is to fully commercialise Vikram launcher in 2022. Have a minimum of 2-3 launches per year from 2025. Parallelly start working on the next generation of large, re-usable rockets. We are working hard to reduce launch costs so that space THE MANAGEMENT REVIEW 7

Mangement Development Program (MDP) STRESS MANAGEMENT AND RELAXATION TECHNIQUES (SMART) MDP on Stress Management and The various techniques at the mind Prof Mahesh Kumar Soma Relaxation Techniques (Smart) level like mind exercises, scanning relaxation,creative imagery, Area Head-Soft Skills and Business The October 27,2020 MDP session autogenic training and prayer and Communication, IBS Hyderabad, encompassed and elucidated the meditation were explained and the Formerly Secretary, HMA, Faculty, importance of stress, the sources participants were made to do the IRP 2020-21 and symptoms of stress and how exercises. Breathing techniques to manage it at the psycho-somatic were explained and it was a great level viz: experiential learning session for all the participants. a. Mind Level (controlling of mind ) As part of Industrial Readiness Program (IRP), following skill b. Body Level (strengthening the development skills were imparted body ) and by the faculty Prof.Mahesh Kumar Soma. c. Intellectual Level (review of intellect ). Faculty Development program (FDP) MANAGEMENT ACCOUNTING PRACTICES: SUSTAINABILITY REPORTING AND CONTEMPORARY DEVELOPMENTS St. Joseph’s Degree and PG College and expressed the need for Faculty being aware different areas of Sustainability reporting Hyderabad Management Association of all new Accountancy practices.Mr.Sanjay in terms of many areas like environment, organized an online Faculty Development Kapoor, President HMA; felt that this topic energy, social responsibility. He further went program (FDP) on 31st October 2020 was very relevant in the present times for on to discuss the current corporate practices from 10.00 am to 4.00 pm.The topic for bringing in corporate disclosures. which included examples from the annual the session was Management Accounting reports of companies like Unilever and Practices: Sustainability reporting and The first speaker for the day Infosys. The second speaker Mr.Sundeep contemporary developments. Mr.G.Ananthakrishnan Govindan, Mittal from FinAdvantage Consulting started Partner BDO explained the concept of his talk by explaining the basic concept of Prof.Vandana Samba, Director Research Sustainability reporting. He informed ‘Cloud’ technology. He further went on to and FDP for the College welcomed all participants about the 17 United Nations explain the need and benefits of ‘Cloud participants. Principal of St. Joseph’s Degree Sustainable Development Goals (SDGs). Accounting’. and PG College Father Dr.D.Sunder Reddy Ananthakrishnan went on to explain the 8 THE MANAGEMENT REVIEW

Volume: 19  |  Issue: 04  |  November 2020 Women Development Program (WDP) “PERSONAL EFFECTIVENESS” Ms. Sree Bala delivered practical, enables us to understand “why we Ms. B. Sree Bala implementable inputs for HMA do what we do” enabling effective on 30 th october 2020 at 6 pm. personalities, by facilitating choice of Asst. Director, Sardar Vallabhai Through zoom conferencing behaviour. Who I am ? Patel National Police Academy, for the benefit of women folk Hyderabad, Telangana comprising students,working women In this context he explained about a professionals and Members of HMA. tool called as • Listening skills-understand and be understood She started her lecture with JOHARI Window of Self Awareness, comparing our Attitudes,skills a psychometric test which enables us • Team player vs Leader: synergy and knowledge, which exist at to understand ourselves better.. and win-win different levels of consciousness (Iceberg model), is the key She has given some qualities to be • IQ, EQ, SQ differentiator in Organisational groomed in the formative stages • Time management Performance. Becoming conscious of development as a student ..as • Resilience of the ‘unconscious characteristics’ follows. determines how well we are aligned If nurtured properly all these to roles/jobs, organisations. The • Goal and Priorities qualities it would change our attitude first step in enhancing Personal and equips ourselves to improve our Effectiveness (PE) is “to know • Initiative and Ownership personal Effectiveness.. yourself/who I am ?”/Discovery of self! The awareness of ‘Self’ • Self-control and Discipline • Setting standards and adhering, • Nurturing values without losing focus • Emic and Etic – ability to see from different perspectives • Incessant learning-Agility • Action plan  Complete session: https://www.facebook.com/HyderabadManagement/videos/797068004377350 Young Leaders Program (YLP) “YOUTH4JOBS: EVOLVING AND SCALING UP A DISABILITY INCLUSION MODE” Meera Shenoy shared her challenging disabilities and helps companies to Ms Meera Shenoy but transformational journey in setting begin or strengthen their inclusion Founder – Youth4Jobs up Youth4Jobs and scaling it to be the journey. largest in the country. Today Y4J is a work has won the highest government one stop shop for companies with a When she set up the first centre in awards and international awards. It presence in 28 states,has a pipeline of 2012, they faced challenges of getting was recently a Harvard business school trained less educated and educated youth into classes and convincing publication. youthwith disabilities, and delivers companies to hire.Faced against so a range of customised services for many odds,she wrote an inspirational companies to experience the business book You Can,a bloomsbury advantage of hiring disabled.This publication.Interviewing successful mainstreams hiring of youth with entrepreneurs witg disabilities and CEOs who combined business with disability made her realise she must continue on this path. The work has scaled with an eye on community and markets.Post Covid all trainings and services are online.The  Complete session: https://www.facebook.com/HyderabadManagement/videos/698138767495102 THE MANAGEMENT REVIEW 9

Student Development Program (SDP) MANAGEMENT EDUCATION: RELEVANCE, CHALLENGES AND OPPORTUNITIES IN POST COVID ARENA St. Joseph’s Degree and PG College need for students to get serious and Hyderabad Management about online opportunities and Association organized an online emphasized about a goal oriented Student Development program approach in management education (SDP). Principal of St. Joseph’s for achieving success. Dr.Chetan Degree and PG College Father Srivastava, Associate Professor Dr.D.Sunder Reddy welcomed all School of Management Studies, participants. Mr.Sanjay Kapoor, University of Hyderabad spoke President HMA spoke about about the present scenario and the the activities undertaken by possibilities ahead. HMA during the Covid times. Prof.Vandana Samba, Director Research and FDP for the College was present Prof.Bholanath Dutta Founder President of MTC Global gave the opening remarks. Associate Professor Md.Siddique Alam Khan from Dhaka International University, Bangladesh spoke about the recent trends and the lack of online education opportunities for many students due to poor internet and hardware facilities. Tanuja Abburi from Beyond Pinks, HMA small scale member highlighted the 10 THE MANAGEMENT REVIEW

Volume: 19  |  Issue: 04  |  November 2020 Lecture Program (LP) SPIRITUAL LEADERSHIP FOR BUILDING A RESURGENT INDIA The speaker for the session guiding force. Instead of waiting for Swami Bodhamayananda was Swami Bhodamayananda, a job he stated that we should try Director, Vivekananda Institute of Director Vivekananda Institute to be/think like an entrepreneur. Human Excellence, of Human Excellence Swami He talked of Dr Abdul Kalam and Ramakrishna Math, Domalguda Bhodamayananda’s discourse what his values and how he lived. touched on why we are what we His thoughts were exalted and his goal. By this one can be free. are today and what we lack – demeanor was humble. To be a great leader we have earnings are high but morals are the 3 H’s Head to think – Heart to low. He stated that we should work If a nation has to flourish, it can feel – Hands to work – This is how towards a more equitable human do so only if all follow a spiritual a nation can grow. being, hence towards a society with path. We all should know the the essence of spirituality as the difference between the spirituality and religion. All of us have divinity within us and the goal is to manifest the divinity within by controlling the external or internal nature. We can do this either by work, worship, psychic control or philosophy. One can either do this by following any one, two or combining all four to achieve one’s  Complete session: https://www.facebook.com/HyderabadManagement/videos/474486326843712 Panel Discussion (PD) THE GOVERNMENT OF INDIA SCHEMES & THE MISSING LINKS: MSMEs This session is to sensitising the Initiative of Government of Sanjay Kumar Saini Sri Sanjay Jain members, particularly MSMEs and India the professionals working there in. K. Srinivas Balbheem Vaidya Many latest updates were covered 2. Sri Balbheem Vaidya-AGM, with a large focus on issues where SBI: Support services for  Complete session: MSMEs are failing to find a solution MSMEs https://www.facebook.com/ for their concerns ranging from setting up to seeking finances 3. Sri Srinivas-ZM South, NSIC: 397265333678753/videos/ through mortgage/mortgage-free Role of NSIC & problems loans to managing the operations encountered in promoting 694285351440952 to suffering from delays in release trade bidding of funds from public sector (if they are ancillaries) to problems in 4. Sri Sanjay Jain-General scaling up. Manager. Small Industries Development Bank of India The panel discussion and (SIIDBI): Schemes of SIDMI respective themes the members for MSME Sector focussed are: The speakers focussed on the 1. Sri Sanjeev Kumar Saini, latest schemes and guidelines from Asst. Director, Ministry of Government of India including MSME, MSME-Development Mudra Loans, procurement and Institute, Hyderabad: MSME: Marketing Support scheme, Vendor An overview of MSME Development programmes, Buyer Schemes & Atma Nirbhar and Seller Meets and mortgage free loans to the tune of Rs.3 crores. THE MANAGEMENT REVIEW 11

TEAM HMA 2020-21 Advisors TEAM HMA 2020-21 HMA welcomes New Members, for details of membership and online application, visit Mr. B P Acharya, IAS, Mr. VenkatramVasantavada http://www.hmaindia.net/membership Director General, MCHRD CEO, Seedworks Spl Chief Secretary, GoT, Sponsorship Opportunities are available for details, contact [email protected]. Wg. Cdr. A. Bharath Bhushan [email protected] Mr. Jagdeeshwar Rao Past President HMA IAS (Retd.) Former Principal Publisher / Editor: Sankara Venkata Krishna Prasad, Editor, Joint Secretary, HMA Secretary Revenue Disaster Mr. Ramesh Vemuganti Publisher: Hyderabad Management Association Management Past President HMA Design & Technical Support: HYBIZ TV Dr. Ravi Kumar Jain Mr. Gampa Nageshwara Rao Director SIBM Past President HMA Find us in Mr. Kingshuk Nag Mr. Srinivas Ayyadevara Former Resident Editor, TOI Past President HMA Mr. Somasekhar Mulugu Mr. Sravan Kumar Madap Former Associate Editor, Past President HMA The Hindu Business Line Mr. K. Harishchandra Prasad Dr Balaji Utla Past President HMA Chairman, Center for Environmental Concerns Mr. Nagesh Vishwanatham (CEC) Past President HMA Counsellors Mr. Sivaiah Alapati-ISO, Dr. Chetan Srivastava HYM, QUIZ, International Certifications Pvt. Ltd. Hyderabad University Disclaimer: The views expressed in The Management Review are the individual opinion of the authors. The images used are indicative of the subject matter and hence have no other intentions for such usage. The editor & publisher are not liable for any disputes arising out of such views and claims and thus are immune from legal or related implications if any.