Building a Resilient Business: Overcoming Challenges and Embracing Change

On 10.5.2024 a talk on "Building a Resilient Business: Overcoming Challenges and Embracing Change" was organized by the Entrepreneurship Development Cell and IIC in association with the Department of Electrical and Electronics Engineering. The session was handled by Mr. N. V Selvam, Assistant Professor, Electrical and Electronics Engineering, Francis Xavier Engineering College from 01.30 PM – 4.30 PM. 61 students and 2 faculties participated. This event was coordinated by Mrs. M. Mary Sumitha AP/EEE. This event was conducted with the guidance of Dr. Lourdes Poobala Rayen, EDC Director.

The program started with the welcome address by Mrs. M. Mary Sumitha, Assistant Professor, Electrical and Electronics Engineering, Francis Xavier Engineering College. she started his welcome address by explaining the motto of IIC and the theme of IIC. She said entrepreneurship, startup, innovation and Intellectual Property rights were the themes of IIC. She also welcomes all the students and encouraged the students to listen and requested all the students to rise more doubts and make the sessions more interactive.

The internal resource person Mr. N. V Selvam began with the Introduction to Importance of Resilience in business. He explained Understanding the changing Business Landscape. He had explored about Identifying Potential Challenges and Risks. He explained Developing a Proactive mindset like cultivate the forward-thinking mentality, continuously scanning the horizon for potential disruption and opportunities to stay ahead of the curve. He also explained Fostering a culture of Adaptability like Embracing change, Empowering Employees, Flexible processes, Continuous learning. He talked about some Implementing effective crisis Management Strategies like Asses Risks, develop a Plan, Train and Prepare employees. He also explained Leveraging Technology to build Resilience, Diversifying Revenue Streams and Optimizing Operations, Cultivating strong relationships with stakeholders, Embracing change and building a Resilient Future.