New Business Models in the New Normal
“Individuals, businesses, and society can start to look forward to shaping their futures rather than just grinding through the present. The next normal is going to be different.
– McKinsey & Company, 2021
Every organization occasionally needs to be able to innovate and pivot its business models, but doing so quickly and even drastically is exceedingly challenging. Nearly all businesses have had to make such extreme interventions since the pandemic began, whether they modified the business model or fully overhauled it. The Covid-19 pandemic has significantly impacted consumerism globally, requiring and allowing buyers to unlearn old behaviours and adopt new ones. Companies that want to come out of stronger post the crisis, must acquire a systematic awareness of consumer and customer changing habits. For many businesses, this will necessitate the development of a new procedure for recognising and assessing shifts before they become visible to all. Finding a balance between restarting and rebuilding business models for organizations shall be critical.
It’s crucial for marketing professionals to draw lessons from the past and adjust to the circumstances that are fast becoming the new norm. Some business may not be able to return to the way things were, and it is not known what the future holds. Marketing professionals need to explore newer horizons and current times provide the best opportunity for it. Now is the time to adopt innovative marketing strategies that will allow marketers to develop new business models. The theme of the 13th National Marketing Konclave organized by KIIT School of Management, KIIT Deemed to Be University – New Business Models in the New Normal – hopes to take this contemporary and relevant discussion forward.
About Marketing Konclave
Konclaves serve as great platforms for knowledge sharing and co-creation between academia andindustry. Each year KIIT School of Management conducts different Konclaves i.e. National HRKonclave, National Marketing Konclave and National Finance Konclave where leaders from differentareas deliver keynote speeches, participate in different panel discussions and conduct area specificworkshops. These have proved to be a fountainhead of ideas with superb participation from theindustry, academia, and students.
Who Should Attend
Students having an inclination towards marketing must look forward to be a part of the conclave and benefit from the discussions and interaction with the Industry experts. It is also an opportunity to test their marketing acumen by participating in the business contests. Industry Experts shall share this platform with other stalwarts from industry as well as academia to discuss and debate on diverse issues concerning the future of Indian marketing. It is also opportunity for them to interact with the young minds to get a fresh perspective on various aspects of Indian marketing scenario. Academicians can utilise the conclave to share their thoughts on the future of Indian marketing world with participants from industry as well as with students.