opinion

FICCI - GRMI MODEL RISK CODE

Prof. Madhu Vij and Subhashis Nath highlight the critical shift of risk management from tactical compliance to a strategic advantage for businesses. Their insights emphasize the Model Risk Code (MRC), a FICCI-Global Risk Management Institute initiative, as a practical guide championed by Boards. Key messages include embracing risk as an enabler, embedding it in KRAs, fostering a 'fail fast' culture, and strategic scenario planning for enhanced organizational resilience.

When the state fails, the nation must act: Protecting innocents amidst West Bengal’s communal violence

Breaking the myth: Do only busy parents send their kids to boarding schools?

No ban, no boundaries: Smartphones surge in classrooms as India lags behind on policy

The Ukrainian conflict: A catalyst for global geopolitical realignment

The Perils of inclusivity without boundaries: A historical and contemporary examination

Need for intuition in business education

Let's Celebrate In-Competencies and Psychofencies – A Satire

Dr Rajesh K Pillania, Professor, Management Development Institute, Gurgaon – A humorous take on why incompetence and sycophancy aren’t openly taught, rewarded, and celebrated!

Using generative AI in the workplace: Peril or Perk

According to a 2024 McKinsey report, 72% of organizations have adopted Gen AI in at least one business function, marking a significant increase over previous years.

Equipping young minds with entrepreneurial mindset is imperative to build future innovators

With industries transforming rapidly, teaching children necessary skills like problem-solving, risk intelligence, and financial litearcy can prepare them to seize future opportunities.