DoMS IIT Madras on the second day of its annual B-School Fest Samanvay hosted a Special Lecture by Dr. Alo Ghosh. He is a Seasoned entrepreneurial CEO-CFO-COO, Private Equity principal, & business educator with diverse international strategy-finance-technology experience including as: ‘Head of Ventures’ at largest infrastructure development fund in the South Pacific, Founder & CEO of Silicon Valley & India based technology outsourcing company, Finance & strategy expert at McKinsey & Co. in New York HQ – 5 yrs, Finance & strategy faculty at the Wharton School.
The session started with Dr. Ghosh giving a small introduction of himself as to how he moved onto different career paths from being a faculty at Wharton School to entrepreneur. He then focussed his attention to the financially led recession and the various factors associated with this, like overleveraging, excessive derivatization and securitization to mortgaging of subprime loans which finally led to the crescendo. He then explained how this recession had a very high impact on the real economy in form of high rates of unemployment which he explained was a lagging indicator of the economy. Dr. Ghosh then reemphasised the importance of having a diversified portfolio to budding finance whiz kids of tomorrow. He also explained what other things we needed to focus as future business leaders and encouraged students by saying that they were in the best place to be in today’s world and numerous opportunities awaited them in future.
The event then had an interactive session where the DoMS students already inspired by Dr. Ghosh’s message inquisitively put up questions. Impressed, Dr Ghosh further explained the diversification and the effect of interconnectedness of the very concept of diversification and how connectivity mitigates correlation. He explained how Indians had a different style of management which was quiet different from the American one. On being questioned on whether India should have a greater component of manufacturing in its economy, he said there was nothing wrong in having a consumption led service based economy by moving up the value chain and that in the modern world service industry had a profound importance. Taking this further he encouraged students to think innovatively and have an innovation led service economy.
Dr. Ghosh packaged the issues plaguing the economies of the world into an hour of wisdom seasoned just right to simulate intellect. The session ended with a positive note on the future of the economy and left the DoMSians asking for more.