The ways and means to create value by enterprises have changed with the changing forms of production and commerce. In the 1^st Industrial revolution, the value creation was driven by the steam related technology. The 2^nd industrial revolution witnessed value creation based on electricity. The next phase of industrial growth was driven by Microelectronics, Computers, Telecommunications, New man made materials, Robotics and Biotechnology. The current phase of industrial growth is driven by platform-mediated business. Out of the top six companies as per market capitalization, five, such as, Microsoft, Amazon, Alphabet, Facebook and Alibaba are platform mediated businesses. It has therefore become necessary for educators and learners to be aware of the evolving business models and develop a positive attitude towards the challenges, opportunities and way forward.

Resource Person

The resource person was Mr. Pradeep Roy, Principal Director, Accenture’s Growth & Strategy organization (Chief Strategy Officer’s organisation).

He holds a Bachelor’s degree in Mechanical Engineering from Birla Institute of Technology, Mesra and  Post Graduate Diploma in Management from Xavier Institute of Management, Bhubaneswar, India. He has 23 years of experience in Strategy and Technology practice, consulting and research. For the last 12.5 years he is with Accenture with experience in consulting, strategy, research, planning, and operations. He leads Research Centre in India comprising 70 member strong multi-disciplinary strategy research team. He also leads 20 member multi-continent (Asia-Pacific, Europe, Latin America and North America) based team who undertake strategic research at the intersection of technology and business. Prior to Accenture, he worked with PwC, Infosys and Crisil in consulting/advisory roles for 10.5 years.

Participants

Eighty-two participants from five schools such as School of Management, School of Rural Management, School of Humanities, School of Languages, School of Law and the Corporate Relations team

Intended learning outcomes

1. Basic understanding of the two-sided businesses: Exchange and Maker Platforms
2. Gaining insights into network effects: Same side and cross side network effects
3. Use of technology like AI, Machine Learning, IOT and Big Data Analytics
4. The significance of behavioral dimensions in understanding the expectation of stakeholders on both side.
5. The significance of Emotional Intelligence (EQ), Technbological Quetent (TQ)
6. Make changes in curriculum to develop associated competencies in students and enhance engagement with industry.

Methodology

1. Interactive lecture
2. Story-telling
3. Discussions