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Expert talk on Adapting to innovation strategies for staying ahead in industry 5.0
Organizers |
Faculty of Management Studies |
Participants |
100 |
Contact No. |
|
Start Date |
09/04/2024 10:30 AM |
End Date |
09/04/2024 12:30 PM |
Venue |
GUNI-CMSR |
Social Media Share |
Description
"Expert Talk on Adapting to Innovation Strategies for Staying Ahead in Industry 5.0"
Ganpat University Centre for Management Studies and Research organized Workshop on "Expert Talk on Adapting to Innovation Strategies for Staying Ahead in Industry 5.0" on 9th April, 2023. More than 100 students from MBA (Pharma/ IB/ Agri/LSCM/HHM/FS/BA) had been participated in this skill development research workshop. For a workshop titled "Expert Talk on Adapting to Innovation Strategies for Staying Ahead in Industry 5.0" aimed at MBA students, the objectives and outcomes should focus on understanding and applying innovation strategies to thrive in the evolving landscape of Industry 5.0. emphasizes the integration of advanced technologies with human-centric approaches. Here’s a structured approach:
Objectives
- Understanding Industry 5.0:
- Objective: Provide a comprehensive overview of Industry 5.0, including its key characteristics, technologies, and implications for businesses.
- Activities: Presentation on Industry 5.0 concepts, trends, and the technological and human factors driving this new industrial era.
- Exploring Innovation Strategies:
- Objective: Examine various innovation strategies and frameworks that organizations can adopt to stay competitive in Industry 5.0.
- Activities: Discussions on open innovation, disruptive innovation, and strategic foresight.
- Adapting to Technological Advances:
- Objective: Understand how to adapt to and leverage emerging technologies such as AI, IoT, robotics, and blockchain within the context of Industry 5.0.
- Activities: Sessions on integrating these technologies into business processes and strategies.
- Human-Centric Innovation:
- Objective: Highlight the importance of human-centric approaches in innovation strategies and how they can enhance organizational performance and employee engagement.
- Activities: Discussions on designing for human needs, fostering creativity, and improving work environments.
- Case Studies and Best Practices:
- Objective: Analyze real-world examples of companies successfully implementing innovation strategies to thrive in Industry 5.0.
- Activities: Review of case studies, group discussions on lessons learned, and identification of best practices.
- Developing a Personal Innovation Mindset:
- Objective: Encourage students to cultivate an innovation mindset that embraces change and fosters creativity.
- Activities: Interactive workshops on creative thinking, problem-solving, and strategic planning.
- Networking and Expert Insights:
- Objective: Provide students with opportunities to network with industry experts and gain insights into the latest trends and future directions in innovation and Industry 5.0.
- Activities: Q&A sessions, panel discussions, and networking opportunities with industry leaders.
Outcomes
- Comprehensive Understanding of Industry 5.0:
- Outcome: Participants will have a clear understanding of Industry 5.0, including its characteristics and the technologies driving this industrial revolution.
- Knowledge of Innovation Strategies:
- Outcome: Students will be familiar with various innovation strategies and frameworks that can be applied to stay competitive and adapt to changing industry dynamics.
- Skills in Adapting to Technological Advances:
- Outcome: Participants will have the skills to integrate and leverage emerging technologies in their business strategies, enhancing organizational efficiency and innovation.
- Human-Centric Approach to Innovation:
- Outcome: Students will understand the importance of human-centric innovation and how to implement strategies that address human needs and enhance employee engagement.
- Insight from Case Studies and Best Practices:
- Outcome: Participants will gain insights from real-world case studies, understanding best practices and strategies that have led to successful adaptation and innovation.
- Personal Innovation Mindset:
- Outcome: Students will develop a personal mindset that embraces innovation and creativity, applying these principles to their own work and future career.
- Enhanced Networking and Industry Insights:
- Outcome: Participants will build valuable connections with industry experts and gain practical insights into current trends and future developments in Industry 5.0.
By focusing on these objectives and outcomes, the workshop will provide MBA students with a thorough understanding of Industry 5.0, effective innovation strategies, and practical insights for adapting to and thriving in the evolving business landscape.