The Management Review_October 2020-FinalVerFinal

For Private Circulation only www.hmaindia.net HYDERABAD MANAGEMENT ASSOCIATION  Volume: 18  |  Issue: 03  |  October 2020 Vision: Achieving progress and enriching the society through professional management Theme of the Year: 2020- The Beginning of a New Management Era THE MANAGEMENT REVIEW

PRESIDENT'S MESSAGE Mahatma Gandhi was a leader in true sense of the word. It is said that - Building a culture of Sanjay Kapoor Leadership is considered to be innovation takes time and involves President, the most important aspect of a conscious effort to change Hyderabad Management Association management. In this Gandhi behaviours, processes, and ways of excelled. He planned his thinking. Supplement longer-term over the years. With the changing activities precisely, detailed innovation efforts with Innovation times, it needs to be futuristic. This the targets achievable Infusions. Most are quick and easy work is underway and soon the correctly, and studied the actions, some require a little more proposal will be sent to all members opponent and their strategies planning, but all of them are great for evaluation and voting in the next accurately. ways to spark creativity and new General Body meeting. ways of thinking, whether you have CONTENTS embarked on a larger culture shift or The most coveted HMA Awards is are just getting started. also under evaluation and revision President’s Message 1 with induction of new awards and Sanjay Kapoor To reinvent the wheel is not an easy details of this will be informed shortly. task especially when you want it to The Editor’s Desk be something which has the effect Our new website has the following Sankara Venkata Krishna Prasad2 of the wheel but should be able to important functionalities which help cater to diverse locomotives. I am our members/prospective members, Goal Setting- The Smart Way 3 not talking of old wine in new bottles stay abreast with latest information Prof Mahesh Kumar Soma but more about the skillsets needed and communication - which is common to any industry and Startup to Scaleup: Corona, 3 how to go about it. Members can renew their Challenges, Concerns and membership and new members can Co-Creation (4c) The Future At HMA we strive to do things submit the application online (Both Dr. Sudipto Bhattacharya differently, and so we have taken for AIMA and HMA) the road which was never travelled “Road Map To My Life” at HMA in the past - trying to bridge Newsletter “The Management Dr. Divya Tanwar4 the gap between the campus and Review” can be viewed through the industry. The link to this divide is website and received through email. India’s Digital Economy- launched as the Industry Readiness Growth Opportunities Program, http://www.hmaindia. The social media channels are the Antarpreet Singh4 net/industry-readiness-program best way to be in regular touch with a 42hour/2months initiative for HMA for its regular programs. Do Emotional Intelligence 6 the MBA/BBA students. We have like or subscribe to HMA Facebook, Sriram S R conceived the links which the work LinkedIn, Twitter and YouTube. environment demands and is missing Business Quiz – from the campus. Skillsets which one We are also creating a data base 12th Edition, October, 2020 needs in a corporate/entrepreneurial of trainers, motivational speakers, Dr. Chetan Srivastava7 journey has been thoughtfully put Management Consultants and together by the SDP Committee, a mentors. Interested personnel can Nephroplus 8 team who will lead this from the front. contact the secretariat and send their M Somasekhar The first program will begin on the brief. 10th of October on a virtual platform. Covid-19 and the Status We would love to hear from each of Vaccines Under Development HMA has received the ISO certification of you, as every suggestion we Rao Vadlamudi, Ph. D.10 after thorough scrutiny. This gave us an receive shows your involvement opportunity to re-evaluate our working and encourages and motivates us Hyderabad Through and standard operating procedures. to excel ourselves, to take HMA the Eyes of Kingshuk Nag We need to live up to standards and notches up the ladder. Kindly give Kingshuk Nag11 keep improving on it. your inputs/suggestions for it gives insights to the path which we could Peace and Conflict Resolution 12 As a Management hub we should tread, to help you, to help us grow. -Let's Work together for conform to a General protocol and the World Peace!. Code of Conduct for and by every “Daring ideas are like chessmen Tomio Isogai member. The General Protocol is moved forward; they may be beaten, now available on our website for but they may start a winning game.” Feedback: There is nothing like honest all to study and emulate. The Code (Goethe). feedback. We request you to go through this of conduct will be placed before issue of The Management Review and give the next General Body Meeting for us your suggestions on how to improve the approval and incorporation - another design and content of the same. You can step towards high standards of being email us on : [email protected] a professional association. HMA Constitution and Byelaws was written in 1964 with minor changes 2 THE MANAGEMENT REVIEW

Volume: 18  |  Issue: 03  |  October 2020 THE EDITOR’S DESK The Mangement Review this month Development, Lectures, MDPs, Sankara Venkata Krishna Prasad took another new look and I am SDPs, that are conducted by HMA Editor sure you would all like it. in the month, and Business Quiz The Management Review starting from this month we are The Cover page has the latest privileged to have two eminent and formerly President, Indian landmark joining the ranks in what journalists, who are Advisors to Pharmaceutical Association. India Hyderabad stands for, the 233 HMA 2020-21 contributing to our awaits the invention of the vaccine Mtrs iconic Durgam Cheruvu Cable columns Mr.Kingshuk Nag, Former and eventually it would most Bridge connecting Jubilee Hills with Resident Editor, TOI, (Hyderabad probably be the biggest maker of the Financial District which has just through the eyes of Kingshuk Nag) the vaccine in the world. got opened for public Mr.M.Somasekhar, Former Associate Editor, The Hindu Business Line HMA events are being done Launching of HMA’s Industry (Start up Stories by M.Somasekhar), virtually and usage of the Readiness Programme (IRP) for this week covering a Dialysis start up conference platforms and social MBA/BBA students is the news of based out of Hyderabad media presence has also increased the month. This certificate course albeit with few glitches, though aiming at helping management A topic relevant to the day viz. each one is an experience and students to be industry ready, Covid 19 Vaccine Development the usage is likely to be increasing acting as a bridge between industry status is featuring the views of an even more in the days to come. and academia, one of the core eminent pharmacist, guru to many, AIMA’s 47th National Management features of HMA. President of the Commonwealth Convention was also widely Pharmacists Association (for publicised and attended by Apart from the regular programs the second consecutive year) members from HMA which has encompassing Youth, Women featured some of the best names in the industry including a session Editorial Committee devoted towards the end of the Mr. Sankara Venkata Krishna Prasad, two day summit, to showcase the Life Member, Joint Secretary & Editor lighter side of management Mr. K. Chandrasekhar, Member & Treasurer Prof.A.R.Aryasri, Life Member Mr. Suresh Kochattil, Co-opted Member Mr. Narayan Rao, Member Mr. P. Rajendra Krishna Prasad, Life Member Mrs. Geeta Mallikarjunan, COO  Complete session:  Complete session: https://www.facebook.com/HyderabadManagement/ https://www.linkedin.com/company/hyderabad-management-association---india  Complete session:  Complete session: https://twitter.com/hydhma https://www.youtube.com/channel/UC9Ejy1Z3kng4kibICNvZzWw HMA UPCOMING EVENTS-OCTOBER 2020  3rd October  9th October “Youth4Jobs: Evolving and Scaling Up a MSMEs: The Government of India Schemes & the Missing Links Disability Inclusion Modeˮ. (virtual panel discussion)  30th October Mr. Srinivas-ZM South, NSIC: Role of NSIC & problems encountered in promoting Personal Effectiveness trade bidding Mr. Sanjeev Saini, Asst Director, MSME:DI - An overview of MSME Schemes & Atma Nirbhar initiative of Government of India Mr. Sanjay Jain-GM SIDBI: Schemes of SIDMI for MSME Sector Mr Balbheem Vaidya-AGM, SBI: Support services for MSMEs Editor: Sankara Venkata Krishna Prasad, Publisher: Hyderabad Mangement Association, The Cover Page and Technical Support: Active Ads & Printers Pvt. Ltd. THE MANAGEMENT REVIEW 3

Mangement Development Program GOAL SETTING- THE SMART WAY On September 26,2020 the goals. Appropriate examples were Prof Mahesh Kumar Soma program focused on living life in a given to elucidate the concepts.  designed manner rather than in a Area Head-Soft Skills and Business default way. The Resource Person The session focused on GOAL Communication, IBS Hyderabad explained the process of setting FITNESS for corporates to goals using the 'SMART' principle support the accomplishment of Like a role model it is sugested -Specific,Measurable, Achievable, organisational goals. FITNESS is an to have a goal model. Ensuring Reviewable, Timed. Besides,the acronym for financial,infrastructural, goal fitness covering Finances, session also covered the various technological, new ideas, employees, Infrastructure, Technology, Goal Areas like Professional, systems and strategy. The New Ideas, Employees, Systems Personal, Social, Family and Spiritual organization has to focus on the goal and Strategy. areas and the goal types viz: fitness and constantly review it for a Immediate goals, short term goals, long term success.  medium term goals and long term Topics related to the following were discussed Dream Define Discipline Desire Drive Declare Describe Direction Do it Discuss Develop  Complete session: https://m.facebook.com/story.php?story_fbid=4484067638331815&id=397265333678753&sfnsn=wiwspwa Lecture Program STARTUP TO SCALEUP: CORONA, CHALLENGES, CONCERNS AND CO-CREATION (4C) THE FUTURE The Webinar conducted during the peak period of pandemic Dr. Sudipto Bhattacharya virtually has the relevance and and during gradual easing of Management educator and contemporality to the troubled the lockdown. Dr.Sudipto laid a Researcher, Business Consultant times we are passing through. roadmap for the paradigm shift and Startup mentor VIT University, When the entire world is gradually of manufacturing and service Vellore Campus, easing the Lockdown from the businesses in general. In-depth scary Covid-19 pandemic situation, discussions followed on Business The Webinar saw fruitful interaction the business community, wakes- Model Canvas and customizing among the participants and the up to a new reality. Embracing the the same for the post-pandemic perspectives, the industry veterans changes in the Business landscape, scenario for some industries shared were very insightful. the job creators for the socio- in particular and the sectors in economic development of the general. Dr Sudipto also touched nation, are redefining priorities to upon Business sustainability issues brighten up their bottom line. and priorities for business in the aftermath of the pandemics. The meet has a mix of audiences on various changes which happened 4 THE MANAGEMENT REVIEW

Volume: 18  |  Issue: 03  |  October 2020 Women Development Program “ROAD MAP TO MY LIFE” The virtually delivered motivational lecture Once one has a good understanding about Dr. Divya Tanwar by Dr. Divya Tanwar on 16th Sept, 2020 self, the next step is what do we want in Director, Sanskriti University focuses on “ROAD MAP TO MY LIFE”. life?. It’s about life goal setting on the basis of one’s capabilities and limitations. Quality of appreciating people helps in The takeaways from the lecture are improving their performance. It creates This is important because people blindly a positive environment and builds chain In today’s highly competitive world, follow other people. reaction leading to improved performance where success is vital to all of us, it is for everyone. Be lavish about praising important we have clarity about who The final step is when and how will others and practice polite and pleasant we are, what do we want, what is the we achieve our goals. In other words behaviour towards others. meaning of success to us, how will we the ROADMAP TO ONE’S LIFE is We should have the virtue of gratitude achieve our goals in life. Who we are is understanding 3W’s i.e. “Who am I?, towards god, family, society, and important because it helps us understand What do I want? When and How will I get employers etc., it doesn’t cost anything our strengths and weaknesses. that?” concentration are all important to but helps us lead a happy life. Everyone be successful in life. should attempt to pay back to society Success means different things to through social service. Relationships different people. The ultimate objective While it is important to make friends, are important to share your success and of success for everyone is to lead a one should undertake work or activities happiness. satisfied and happy life. Who we are, which they love to do or enjoy doing or helps us understand what makes us happy makes them happy. It is very important to in the long term. Understanding oneself cultivate a positive and is therefore, the first step to making one’s “Road Map to Life”. optimistic attitude towards life. Self- confidence, hard work, commitment, priority setting, and carry people along in life. We should be evaluating our progress towards achieving our goals in life. Timely correction in efforts and strategy is required. We should have keen sense of observation, learning attitude and skill to improve from the experiences of other people. We should also learn from our mistakes and attempt not to repeat them. Calmness of attitude helps us in going far in life.  Complete session: https://www.facebook.com/ HyderabadManagement/videos/ 630896477574182/?sfnsn=wiwspwa Young Leaders Program INDIA’S DIGITAL ECONOMY- GROWTH OPPORTUNITIES Mr. Antarpreet Singh explained This  will support 6.5 crore jobs (new Antarpreet Singh how Digital has been a game changer for age skills).  Massive human capital economies world over. Digital has not just development initiatives are needed to is a Techno Business leader, a Global been a lever for economic growth – it has reskill youth and make them learn new citizen & Researcher with over 35 brought up changes in everything we do. skills.  Make in India, Make for India and years of experience with large global Digital knows no geographical or political Make for world will help us realize 1 trillion technology Indian School of Business boundaries and its for this reason, today dollar dream. People, Government and as Director-Digital Learning all top 5 companies globally (market Industry are key stakeholders in realizing cap) are Digital companies – selling this dream.  The Ministry of Electronics per last year’s figures – the numbers would Digital solutions world over and enabling and IT have identified 30 themes under 10 have surely crossed 200 million mark plus economies. Digital is a revenue pillar, its major initiatives to help Digital economy this year (ongoing growth momentum as an enabler, it’s a differentiator. grow to 1 trillion dollars (Rs. 75 lakh well as huge surge in e-commerce trade, crores) In a recent study of 17 emerging on account of Covid19). India is at the cusp of a phenomenal economies, India stood at #2 in terms of growth as far as our Digital economy is rate of digital adoption (second fastest The story of Digital India is truly inspiring concerned. Our digital economy in terms digitizing economy) – the country has – its inclusive, its transformational, of economic output stands at US dollars seen large scale digital adoption in last 6-7 its empowering – it would be a game 200 billion (Rupees 15 lakh crores) years. The country today has 1200 million changer !!   today and is poised to touch a 1 trillion mobile and 560 internet subscribers mark by 2025 – a whopping CAGR of making it the economy with second 30% plus ! highest subscriptions in the world. India has seen 4 fold increase in e-commerce The proportion of Digital Economy to GDP users from 40 million to over 170 million as will increase from 6% as of today to 25% THE MANAGEMENT REVIEW 5

Student Development Program EMOTIONAL INTELLIGENCE Emotional Intelligence is one of reactions and the reasons for others the most important factors which reactions, helps become a good distinguishes one person from manager. If one loves the work one another on his/her response to does, the stress is low and hence different situations. the reactions to it is low too. Talking of what is emotion, the To pursue personal development different types of emotions and as the number one value & goal. reactions and how to control such. Be passionate about maximizing potential and using ancient wisdom and modern science to Sriram S R teach people how to achieve, the LEAP (Limitless Excellence Director Human Capital, Arcesium & Accelerated Performance). India Pvt. Ltd. Coach-Skills, NLP, Personal Productivity, High Train the Trainer, Happiness, Performance, Mindfulness and Clear Beliefs, Mindfulness Teacher. Work Optimizations should be LEAP Dialogues. areas of interest. What triggers emotions and what  Complete session: are the ways to control it. How https://www.facebook.com/397265333678753/videos/689177725002052 to control it – what factors help to control emotions – physical exercise, meditation, sleep, food habits, develop logical thinking rather than reacting. The need to develop good emotional intelligence and to regulate reactions by using logical thinking. Understanding the other’s Advisors 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 Sponsorship Opportunities are available for details, contact [email protected]. Spl Chief Secretary, GoT, [email protected] Wg. Cdr. A. Bharath Bhushan Publisher / Editor: Sankara Venkata Krishna Prasad, Editor, Joint Secretary, HMA Mr. Jagdeeshwar Rao Past President HMA Publisher: Hyderabad Management Association IAS (Retd.) Former Principal Design & Technical Support: HYBIZ TV Secretary Revenue Disaster Mr. Ramesh Vemuganti Find us in Management Past President HMA 6 THE MANAGEMENT REVIEW Dr. Ravi Kumar Jain Mr. Gampa Nageshwara Rao Director SIBM Past President HMA 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  Managing Committee: http://www.hmaindia.net/commitee

Volume: 18  |  Issue: 03  |  October 2020 Business Quiz BUSINESS QUIZ – 12TH EDITION, OCTOBER, 2020 1. ___________ is the Start-up jargon for a company which is valued over $10 Billion. Dr. Chetan Srivastava Recently, start-up “BYJU’s ” entered this category after fund raising, making it no longer to be an Unicorn. School of Management Studies, University of Hyderabad 2. ____________ is appointed as Brand Ambassador for Ed Tech Company “Great Learning”, which deals with professional and higher education. Keys: 1. Decacorn 3. ____________trading app in USA, has attracted quite a few young first time investors to 2. Virat Kohli stock trading after the Covid19 Pandemic struck. The trading is zero commission, and 3. Robinhood ; Robinhood Investors the app offers bare-bone trading platform and doesn’t charge any fees. It makes money 4. Jane Fraser from interest on the deposits made by these Investors, who are referred as____________. 5. K-shaped recovery 6. Orkla, The Norwegian company 4. ___________ will be the first female CEO of CitiBank, a large Wall Street Bank. 7. Flight shaming 8. Bad Boy Billionaires : India 5. V-shaped, U shaped, L shaped etc., are being used as symbols to indicate the shape of the 9. Bharat Petroleum (BPCL) economic recovery after the pandemic ends. ______________alphabetical symbol is being 10. Aditya Puri, MD, HDFC Bank used to represent the recovery, when an economy recuperates unevenly, and there’s a separate trajectory for two segments of the society. While the financial markets recover and grow, the real economy, or the flow of goods and services, gets worse. 6. ____________ foreign company through its wholly owned subsidiary “MTR Foods” has signed agreements to purchase ownership stake in “Eastern Condiments”, a spices major that has a strong presence in Kerala and the Gulf markets. 7. Adding more woes to the Airline Industry, which is already facing rough weather due to COVID19, a movement called “FLYGSKAM” which started in Europe, is hurting the airline industry. What does “FLYGSKAM” mean in Swedish? 8. The Netflix web series_________________ is an investigative docuseries which explores the greed, fraud and corruption that built up and ultimately brought down, by India’s most infamous tycoons Vijay Mallya, Subrato Roy, Ramalinga Raju and Nirav Modi. 9. To promote it’s YouTube Channel, _____________ an Oil and Gas Company, announced a unique contest in collaboration with Chef Ajay Chopra, which is posted with an image and some jumbled word like ‘KNICCHE56’ trending on its Twitter handle. The participants will have to guess the right word by arranging this alphabet in the correct manner. (Here it is ‘CHICKEN 65’). 10. In a first-of-its kind recognition for an Indian corporate leader, ______________ has been conferred “Lifetime Achievement Award” by Euromoney Awards of Excellence 2020. ALL THE BEST THE MANAGEMENT REVIEW 7

Start up Stories NEPHROPLUS Redefining Dialysis Care in India: to the growth of the Hyderabad- M. Somasekhar based, start up, which is making Former Associate Editor, Like most businesses, NephroPlus, rapid strides in redefining dialysis The Hindu Business Line Hyderabad, the Hyderabad-based, dialysis care for Kidney patients.  advisor to HMA provider, took a hit during the ongoing Pandemic. With cases The Growth Story: The Idea & the Beginnings: of COVID19 rising and millions of patients across the country In just over a decade, NephroPlus Hailing from a middle class family, struggling to get access, the has been able to set up 223 Centres Vikram did B Tech in Chemical company hit on a novel idea and across 18 states, where, low cost, Engineering from IIT Kharagpur. launched ‘ Dialysis on Wheels in dialysis care is provided. Every month Like most IITians and specially New Delhi in July. 3-4 Centres are being launched. The those from Andhra Pradesh, US company got a $45 million funding was the destination for Masters. The next step it took was to set in November, 2019 from Investcorp, He did Computer Sciences in the up ‘Home Dialysis’ units, for those a global Asset Management fund University of Illinois in 1999. Then who could afford and desperately based out of Bahrain. This has come he pursued Management at the needed, regular dialysis to keep up in handy to expand, face Pandemic famous Booth School in Chicago.  their health and work efficiently. challenges and gear up to an The 43 year old Vikram Vuppala, “By early September, we are close international launch of services very took to entrepreneurship in to reverting back to the pre- soon, Vikram says. 2009. After a successful stint COVID19, March levels”, says with McKinsey Consultancy and Vikram Vuppula, who founded the Though, the company lost 10 career in the US, he returned to venture in 2009. percent volume in business, costs Hyderabad with family to launch of services spiked, the company NephroPlus at the age of 32. Home Dialysis and Dialysis on has not laid off any staff, he While, he was juggling with ideas Wheels have been the two major, claimed. We are going ahead with for a startup, he chanced on innovative responses that the expanding the ‘Dialysis on Wheels’ Kamal Shah, an IT professional in Company camps up in response and Home Dialysis, the two new Hyderabad, who was managing to the challenges posed by the trends to more cities soon, he says. his kidney problem with dialysis Pandemic. Travel restrictions, and performing well in the job for reduction in frequency of dialysis Beginning the venture with Rs one over a decade. The two exchanged during Lockdown, impacted lots of crore in 2009, NephroPlus was emails, met and discussed. Another chronic kidney patients across the lucky to attract timely investments. friend, G Sandeep was roped country and hospitals were unable By 2016, it could raise Rs 100 in. The trio were able to firm up to fully provide services. crore. Some of the leading investors are Bessemer Venture Partners, Though, the new services are SeaLink Capital and International expensive, they reach the Financial Corporation (IFC), the critical service to the doorstep World Bank’s investment arm. The of the needy and in time. Timely number of Centres had crossed innovations have been the key the milestone of 100 in just over 6 years with presence in 18 states. With enough confidence NephroPlus is now exploring options to go global to the Middle East, South Asia and Africa in the near future. In these regions, the population is high, and also of Indian origin and the lifestyle disabilities are rising.  The vision is to have 300 Centres by 2022 and presence in 5 countries. The business model will be to provide InCentre dialysis, he explains. At present, it has reached 223 Centres within the country and serves over 10,000 patients.  8 THE MANAGEMENT REVIEW

Volume: 18  |  Issue: 03  |  October 2020 building a Dialysis Network in India The NephroPlus Edge:  into rural areas where the need as a viable venture.  is dire says Vikram. The issues Dialysis was mostly confined to are different, logistics tough and Thus, the first Stand alone big hospitals as an in-house facility affordability of people is low. Dialysis Centre was launched around 2010., when NephroPlus Therefore, the need for more In Hyderabad in 2010 with an started off with an out patient innovation.  investment of Rs 25 lakhs. The Centre providing dialysis. The cost team had raised Rs one crore for per session was Rs 1000-1100. The Learnings: the startup called NephroPlus. Another model was to give services To our surprise, the venture within hospitals under a revenue Entrepreneurship is a great learning quickly caught investor attention. sharing agreement. Within a year experience. I often hear of 95 ZS Associates, a healthcare the concepts were tested and percent of failures in Start Ups. consultancy based in Chicago started gaining traction. But, the truth is for 100 percent invested Rs 2 crore in December of promoters it’s a learning. My 2010. In 2011, it got a handsome The rising consumerism, reading is 5 years in a startup is funding of Rs 23 crore from lifestyle changes and travel equal to 20 years in a company.  Bessemer Venture Fund.  brought in a huge spike in health issues, especially diabetes Secondly, there is nothing like an The burden of dialysis in India is and hypertension. In 2009, an ideal time for venturing. Anytime is huge with a rapid growth in chronic estimated 45 million were diabetic a good time to launch. Idea should kidney cases. However, the costs (now around 80 m). Those with BP be sound and motivation high.  and ease of administering it have are about 100 million plus. Both been a challenge. NephroPlus these conditions lead to kidney Thirdly, all that is required for a started filling in this space with failure when they are uncontrolled. boost to a start up is one good a comparatively affordable and The best option for them is regular person/Institution to fund. You practical service.  dialysis. Therefore, getting into this can pitch the idea for funds to 40, healthcare segment made immense maybe 39 reject, but that one who At the same time, the enterprise sense, Vikram recalls.  does, can make the difference. became a big employment Keep trying and don’t give up till provider too. We have nearly 2500 The big challenge for NephrpPlus you find that one, Vikram says.  employees now. lies ahead when we need to expand Even during the Pandemic, innovative thinking can make the difference. Innovation need not be just in product, but in services delivered and simple solutions. Constraints will vary, but we need to persist and find solutions. (The writer is an advisor to HMA and Independent Journalist, specialises in Science & Business) THE MANAGEMENT REVIEW 9

Featured Article COVID-19 AND THE STATUS OF VACCINES UNDER DEVELOPMENT On 11 March 2020, the WHO candidates in clinical development Rao Vadlamudi, Ph. D. declared the outbreak of and 149 vaccine candidates in President, Commonwealth coronavirus (SARS-CoV-2) infection preclinical development. Among Pharmacists Association, to be a pandemic, it is truly a global the 38 candidate vaccines in clinical (For the second consecutive term) pandemic without boundaries. development, 9 are in Phase 3, 3 Formerly, President, Indian As on date, the total number of are in Phase 2, 10 are in Phase 1/2 Pharmaceutical Association confirmed cases of COVID-19 and 16 are in Phase 1.  globally are 30,949,804 including Bharat Biotech (a non-replicating 959,116 deaths while in India, The only approved vaccine to date viral vector vaccine and a the number of cases reported is is Sputnik V, a non-replicating replicating viral vector vaccine), 55,62,663 with 88,935 deaths. The viral vector vaccine developed one each by Indian Immunological number of cases reported each day by the Gameleya Research (live attenuated viral vaccine) and in India is the highest in the entire Institute, Moscow, but there Biological E Ltd (adjuvant protein world, nevertheless, the death rate is a concern around the safety subunit RBD). is fairly low compared to the global of this vaccine since no Phase Once some of these vaccines are death rate due to the pandemic. As 3 trials were conducted before approved for clinical use, there there are no new drugs approved approval. Recently Dr Reddy’s are other challenges that need to exclusively for treating COVID-19 Laboratories has tied up with be grappled with. Manufacturing infection, the treatment options rely RDIF, Russia to conduct Phase 3 in the required quantities as we on repurposed antivirals and other trial (2 doses on day 0 and day 21 are looking at in excess of 1.4 treatments such as corticosteroids, intramuscularly) for this vaccine billion doses of these vaccines to anticoagulants and so on for and after successful completion of vaccinate the entire population managing severe to moderately the clinical trial would distribute of India, quality assurance of severe cases of clinical disease. 100 million doses to the Indian the manufactured doses and population. Among the candidate management of the supply chain Preventive measures currently are vaccines in clinical development for distributing the vaccine. entirely depended on maintaining at least 3 vaccine candidates are The government needs to ensure social distancing, practising good under clinical development in equality and equity in distributing hand and respiratory hygiene India; University of Oxford’s non- the vaccine to all states and union and avoiding crowded or poorly replicating viral vector vaccine in territories and a plan to prioritize ventilated confined places. clinical Phase 3 is being developed who gets the vaccine first. It is by Serum Institute of India. This also necessary to ensure that all Elimination of the Pandemic vaccine is administered as a single accessories and trained manpower requires the development of intramuscular dose. necessary are available and in place an effective vaccine and or to vaccinate people en masse. development of herd immunity. Worldwide this vaccine is under There have been clinical studies development by AstraZeneca. that reported that the antibody Earlier this month the phase 3 levels in recovered patients lasted clinical trials of this vaccine were only for less than 3 months, which halted due to some adverse event cast doubts on the development of reported in 1 patient, however, the herd immunity. The only option left clinical trial is now restarted. Bharat is the development of an effective Biotech and National Institute of Vaccine to immunize the entire Virology are developing Covaxin, global population. Currently, there an inactivated viral vaccine which is are several vaccine candidates in Clinical Phase 2 trials. under development. According to WHO COVID-19 candidate vaccine This vaccine is administered to tracker, there are 38 vaccine clinical trial subjects intramuscularly as two doses on day 0 and day 21. Cadila Healthcare (Zydus Cadila) is developing a DNA plasmid vaccine, which is in Clinical Phase 2 and is administered as 3 intradermal doses on 0, 28 and 56 days. There are other vaccine candidates in preclinical development, two by 10 THE MANAGEMENT REVIEW

Volume: 18  |  Issue: 03  |  October 2020 Featured Article HYDERABAD THROUGH THE EYES OF KINGSHUK NAG The Nizam’s Mulki rules declared nothing really. Naidu had the rocks Kingshuk Nag that anybody who had stayed in demolished to make way till what is Hyderabad for more than ten years now Hi Tech city. Beyond this too, Former Resident Editor, Times of is a mulki (or a local). Thus I can there was wilderness. He created India Hyderabad, advisor to HMA assert that I am a Hyderabadi. The the KBR Park a huge park bordering irony is that I landed up in the city the Banjara Hills. Those who have Another lasting contribution of purely by chance. Chandrababu not explored within KBR don’t know YSR to the city is the modern Naidu had raised the flag of the rich diversity of flora and fauna Shamshabad airport that was Hyderabad and the bosses of it contains. But KBR Park named conceived by Naidu. Located 30 the national press in Delhi fell after former chief minister and km out of the city then, the huge for it. An edition of The Times of Congress leader Kasu Brahmananda airport (with facilities to land huge India soon started coming out in Reddy is out of place. It should have aircraft) replaced the existing one Hyderabad. Since it languished for been named appropriately. Located that was bang in the middle of other reasons, I was brought in within the Park is an old castle of Hyderabad but was much smaller after five years after having grown the Nizams. The Park is located at in size. YSR also built a 161 km up and worked in Delhi (and with a great height and only who has ring road girdling Hyderabad. It detours in Mumbai, Bangalore and walked up from the Nagarjuna passes by the financial district and Ahmedabad). Circle on Road number 3 Banjara takes one on a darshan of outer Hills will realize this. By the way Hyderabad past rural, semi urban When I moved to the city in 2005, Road Number 3 is today highly and urban areas. Farm land still Hyderabad was a city of ‘parson’ commercialized was quite empty dots the rural areas that you may where ‘parson’ could denote and did not even have a road divider pass through. anything in the future; nobody said even fifteen years ago. ‘kal’. Nothing would be promised When Telangana state was carved to be delivered ‘kal’ (tomorrow) There was no urbanized Gachibowli out of Andhra Pradesh on June 2 everything would be done ‘parson’ and even in 2005 it was difficult to 2014, many thought that the state (day after tomorrow). This was find your way to Hyderabad Central would go to seed because it would undoubtedly a legacy of the Nizam University now called University not have access to the resources times where the noblemen lived of Hyderabad (UoH). The UoH of rich Andhra region to back it. a life of indolence with nothing was located amidst wilderness: Telangana was still a backward to hurry them up. Things moved it had a lake within, hundreds of state, notwithstanding the IT slowly, in fact extremely slowly. A trees, peacocks and deer. It was revolution. But K Taraka Rama Rao few months before my arrival Naidu started in 1974 as an educational (KTR), the scion of KCR invited to had been thrown out of office after institution outside the city. You a conference at that time (where the elections; in his place came Y S can imagine the tremendous effort I was his co- speaker) said to the Rajasekhara Reddy or YSR for short. made by the students to reach UoH astonishment of the audience: Though the two were intractable in those days. But now the city has “What stops us from expanding and foes, YSR, very pragmatically, expanded beyond the UoH campus. developing Hyderabad so that it followed Naidu’s policies. Although becomes 50 per cent of the size of perched atop the Deccan plateau, Naidu through his tremendous Telangana?” In retrospect it would Naidu realized that Hyderabad foresight had induced the Indian seem that this is exactly what the was the only asset that the state School of Business (ISB), Wipro state government is trying to do had- and he worked assiduously to and Infosys to come to Hyderabad now. If this happens, Hyderabad ‘create’ and promote Hyderabad. and granted them land on the same will become the first urbanized It is difficult to appreciate that street in Gachibowli. Beyond that state and thus would be flush with two decades ago Hyderabad was street, a ‘financial district’ was funds. But will this happen, is the restricted up till Banjara Hills and created by Y S Rajasekhara Reddy. million dollar question Jubilee Hills- beyond this there was Here many top companies – many of them multinationals came up. Also located in the ‘financial district’ is the national headquarters of the Insurance Regulatory and Development Authority (IRDA) and soon to shift there will be the US Consulate. Thus this area will soon become the most happening area of the city. THE MANAGEMENT REVIEW 11

Featured Article PEACE AND CONFLICT RESOLUTION -LET'S WORK TOGETHER FOR THE WORLD PEACE!. In a Virtual Lecture on the theme or nation and promote mutual Tomio Isogai \"Peace and Conflict Resolution – understanding among different Let’s Work together for the world people all over the globe. This was Freelance Advisor to Indo-Japan peace”, Mr. Tomio Isogai discussed inspired by the \"National Education relations. Member of 22nd Century the Indo-Japanese relations in the Policy 2020\" recently announced by Academy (Japan), Ayurveda Society past, present and the prospect the Indian government. in Japan, Adjunct Faculty, MIT for the future. He proposed a ADT College of Management Pune, unique concept of \"UEP\" (Universal He believes that India and Japan Honorary Member, HMA Education Policy) that can be can take the initiative to establish implemented throughout the world, the \"UEP\" based on the ancient so that the next generation could wisdom of Vedas in India and be educated under the united the successful examples of the educational program, which would Japanese education policies enhance the basic understanding of adopted in its nearly 2,700 years humans regardless of race, religion, long history. He stated he could see an opportunity, to take a step forward on this global peace- making project in the near future. 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. 12 THE MANAGEMENT REVIEW