October 2019

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As India’s first 'Corporate B-School', Globsyn Business School (GBS) designed 'Corporate Connect' as one of the cornerstones of its academic delivery system, which exposes the students to the nuances of the corporate world and makes them industry-relevant managers. With this vision to build a globally networked, corporate savvy, research driven management education system, GBS over the years has been inviting industry stalwarts to share their knowledge and experiences with the young managers, which will help them in their future corporate journey. Following is an account on the experience of one our students, who have been a part of a Corporate Connect session. “Uber doesn’t have a single taxi of their own and Flipkart doesn’t have their own inventory. Starting a business doesn’t need a huge investment.” The Corporate Connect session on the subject ‘IT for Managers’, conducted by Mr. Debkumar Majumder, Director & Communication Sector Leader, IBM India Pvt. Ltd. started on this note. These days, businesses run completely through innovative ideas and cutting-edge technologies, which give birth to another version of Industry – Industry 4.0 During the session, Mr. Majumder mentioned about the way Artificial Intelligence is influencing present day global business scenarios, as the entire business process today is implemented through automation – starting from marketing to production to logistic – the entire process is executed through programmed computers. He also mentioned the various roles of IoT in business processes, like improving asset utilization by monitoring equipment through sensors and taking preventive maintenance for uninterrupted services. He also specified that IoT applications can connect to video cameras and sensors to monitor the equipment to avoid physical threats. By enhancing the business module, assets utilization, equipment monitoring and employee training services, IoT applications also saves your overall business cost. Following the above discourse, Mr. Majumder mentioned about role of ‘Natural Language Processing’ (NLP) in any business, and how it helps in inter-staff communication, leadership, presentations, improving personal effectiveness and sales-negotiation-persuasion. In conclusion, Mr. Majumder dealt with the importance of data in running a business. Almost every modern business platform or tool can deliver rows upon rows of data for use. According to him, in the present day scenario, gathering data helps a business to have a better understanding of its customers and markets. He gave example of ‘sentiment analysis’ and ‘churn analysis’ in telecom industry to support this. While concluding this segment, he laid emphasis on the fact that data helps a business to take decisions, to solve problems, to enhance performance, to improve business processes, to understand consumers and markets etc. This Corporate Connect session is extremely helpful for us, as we are poised to set foot in the corporate world. We are thankful to Globsyn Business School for conducting such sessions and exposing us to a global corporate culture. - Student Blog  

On the 73rd Independence Day of India, the Prime Minister of the country, Shri Narendra Modi appealed to all his countrymen to put their effort wholeheartedly towards the mission of making the country free from SUPs, i.e., Single-Use Plastics. Following his appeal, India imposed a nationwide ban on SUPs from October 2, 2019, which incidentally is also the 150th birth anniversary of Mahatma Gandhi. Although, there are some states that has already enforced the ban on plastic in the preceding years. It did not work though, because it focused only on the exclusion of carry bags as SUPs were misinterpreted as polythene carry bags or disposal plastics in India. However, the United Nations categorized 'Single-Use Plastics' as the products that are made of Oxo-degradable Plastic, Polystyrene or other types of plastic such as straws, cutlery, cups, cotton-bud sticks, plates, balloon sticks, plastics for packaging beverage containers, multilayered plastics (MLP) packaging for food items, chips, biscuits, chocolates, etc. These items are intended to be utilized only once before they are recycled or thrown. According to a recent report from Britain's Royal Statistical Society, only 9% of the plastic manufactured till the date, has been recycled. Therefore, according to this statistic, 91% of the plastic formed are still ‘unprocessed’ or ‘non-recycled’. This statistic shows that plastic waste is rising staggeringly all over the world and is incessantly worsening the global eco-system. Due to this, every year tons of plastic debris is discarded all around resulting in polluting the lands, rivers, coasts, beaches, and oceans. This pollution is adversely affecting wildlife, wildlife habitat as well as human life. Due to the inexpensiveness and durability of plastic, global production and consumption of plastics have continued to rise for more than 50 years. Moreover, due to the chemical structure of plastic, its degradation is very difficult. These factors lead to a high prominence of plastic pollution in the environment. A Global E-waste Monitor Report, published from the United Nations University in 2017, exposed the fact that 44.7 million metric tons of e-waste was made in 2016 out of which only 20% was collected and recycled till date. Another report from Central Pollution Control Board states that 26,000 tons (TPD) of plastic waste is produced every day in our country of which only 60 per cent or 15,600 TPD was recycled. This implies that the remaining plastics have ended up as mess on roads, in streams or in landfills. This poses a huge warning to species on land and in water. Rendering to a research paper published in Nature Communications magazine, river Ganga alone took 1.15 lakh tons of plastic into the ocean in 2015, which is second to China’s Yangtze. According to many industries, movement of imposing a ban on the usage of SUPs is a great effort to save the environment. However, it is anticipated that commanding injunction on SUPs will affect FMCG industries as they use plastics in packaging and it is directly or indirectly related to all the business units or productions. For instance, E-commerce