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.
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Dr Rajesh K Pillania, Professor, Management Development Institute, Gurgaon – A humorous take on why incompetence and sycophancy aren’t openly taught, rewarded, and celebrated!
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.
With industries transforming rapidly, teaching children necessary skills like problem-solving, risk intelligence, and financial litearcy can prepare them to seize future opportunities.
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