November 2, 2023
International Conference on sustainable Development (ICSD) 2023 was organized by Dr G R Damodaran College of Science, GRD School of Commerce and International Business, Coimbatore on 31st October, 2023. The conference provided an enriching platform for experts and scholars to discuss various aspects of sustainability and its implementation in the business world. The event comprised insightful presentations, engaging discussions, and a focus on the Sustainable Development Goals (SDGs).
The conference began with a powerful video showcasing the 17 Sustainable Development Goals set by the United Nations. This video effectively highlighted the significance of these goals in shaping a sustainable future for the planet. The session was split into two were first session had 3 speakers and second session had other 3 speakers addressing the topic sustainable development with reference to distinct themes like RESILIENCE,LEADERSHIP and INNOVATION.
Prof. Laura Costazo, a distinguished guest speaker, delivered a thought-provoking talk on Family Business as a firm. She discussed the 4 Levels of Analysis: Context, Controlling Family, The Firm, and the Individuals. Her insights shed light on the intricate dynamics of family businesses and their impact on sustainability.
Professor Laura Costanzo, a distinguished authority in family business dynamics and innovation strategies, delivered a thought-provoking session. With extensive research and expertise in the intersection of family-owned enterprises and innovative practices. The presentation offered profound insights into the pivotal role of family businesses in driving sustainable innovation. Professor Costanzo ended her by presentation delving into the unique dynamics and strengths of family-owned businesses, exploring their inherent capabilities for fostering innovation and sustainability.
Prof. Paurav Shukla enlightened the audience about sustainability in the business world, specifically focusing on Aluminium Bag India. He emphasized the need for businesses to adopt sustainable practices, drawing inspiration from Vedic stories and the stages of life.
He suggests shifting from conspicuous consumption to a more mindful, minimalist lifestyle, outlining its implications for reducing environmental impact and promoting sustainability. His talk concluded by advocating for a redefined consumer culture that aligns with minimalist values, paving the way for a more sustainable future.
Prof. Stephan Onggo shared his expertise on Digital Twins and engaged the audience by discussing the meaning of his name. His presentation delved into the innovative realm of Digital Twins and their potential applications in various industries. He talk offered a new perspective on leveraging digital twin technology to drive business innovation and sustainability.
He also highlighted the concept of digital replicas and their role in simulating real-world systems, allowing for predictive analysis and optimization in diverse industries. His talk concluded by advocating for the integration of digital twin technology as a corner stone for businesses aiming to thrive in an increasingly sustainable future.
Prof. Ajit Nayak addressed the challenges faced by business leaders in promoting sustainability. He emphasized the role of leadership in driving non-profit firms towards a sustainable, equitable, and just society. Professor Nayak’s talk explored the significance of emotional intelligence in driving sustainable business leadership.
He emphasized the need for leaders to develop emotional intelligence and resilience, highlighting how these traits contribute to fostering cohesive, adaptive, and sustainable business environments. His presentation concluded by advocating for the cultivation of emotional resilience as a cornerstone for sustainable and effective business leadership.
Professor Tapas Mishra, a leading economist and expert in market volatility, delivered an insightful presentation on uncertainty and market competition. Professor Mishra’s session provided a comprehensive exploration of how businesses can strategically navigate unpredictable landscapes to maintain competitive resilience.
Throughout his talk, Professor Mishra explored adaptive strategies that businesses can employ to thrive amidst uncertainty, emphasizing the importance of agility, innovation, and risk management. His presentation concluded by advocating for a balanced approach that leverages uncertainty as a catalyst for innovation and strategic advantage in the pursuit of sustainable economic development
He discussed the essential components needed for businesses, innovation, and technological products stemming from human imagination. Their insights provided a comprehensive view of the requirements for sustainable and innovative practices.
He emphasized the use of cutting-edge technologies, such as artificial intelligence, block chain, and sustainable tech innovations, as critical tools in addressing pressing global issues. He concluded his speech by talking about how strategic utilization of emerging technologies can play a vital role in combatting global challenges like climate change, resource scarcity, and social inequality, paving the way for a more sustainable and resilient business landscape.
A lively question and answer session followed the presentations, allowing attendees to interact directly with the speakers. This session facilitated a deeper understanding of the topics discussed and encouraged meaningful dialogue among participants.
Social Initiative Competition:
Following the intellectual discussions, a social initiative competition was conducted among the top teams. Various team showcased innovative and sustainable solutions for societal challenges. After a rigorous evaluation process, the best team was awarded for their outstanding social initiative. The Team were as follows II MBA (THE WNNERS) and II MIB A (THE RUNNERS).