B.P. Rao,CMD, (BHEL) Initiates ‘Wisdom From The Board’ At Asia-Pacific Institute of Management

Aug. 9, 2010 - PRLog -- Asia-Pacific Institute of Management, New Delhi, has launched ‘Wisdom From The Board’, a special lecture series inviting top corporate leaders from leading Indian and multinational corporations to share their board-room knowledge with senior management students. The series began with the first lecture by Mr. B.P. Rao, Chairman and Managing Director of Bharat Heavy Electricals Limited (BHEL) on Friday, July 30, 2010.
Mr. B.P. Rao, CMD, BHEL - accompanied with Mr. Anil Sachdev, Director (HR) and Mr. B. Shankar, ED (HR) – delivered the inaugural lecture in the series ‘Wisdom From The Board’. He addressed senior management students on the importance and relevance of a company like BHEL which is involved in building power infrastructure in the country and abroad as the market leader leveraging its core capabilities to handle challenges in the fast-changing and ever-growing market. Giving a historical perspective on the early challenges that BHEL faced, Mr Rao highlighted BHEL’s technological edge, quality standards, people-centric culture and its focus on continuous improvements and innovation that today gives BHEL a distinct competitive advantage to face the challenges of increasingly demanding and globally competitive marketplace.
Highlighting the importance of good corporate governance, Mr. B.P. Rao mentioned that with the disinvestment of public sector enterprises and increasing global competition, PSUs today have a dual-task. On one hand they have to have extremely transparent business practices in compliance with international standards and on the other hand continue to contribute in their nation-building efforts and other corporate social responsibility initiatives.
Mr. Anil Sachdev, Director (HR) highlighted BHEL’s HR philosophy and importance that the company gives to planning and implementing latest HR practices to generate high level of employee satisfaction and almost negligible rate of attrition. Mr Sachdev further emphasized the initiatives that BHEL takes to select the talent and nurture it by developing a life-long career path with regular competency-mapping, providing learning opportunities, offering stimulating work-environment and all possible support for achieving a good work-life balance.
Emphasising the importance of regular interaction of industry with academic institutions, Mr Sachdev said that academic institutions can help solve corporate problems and challenges by providing a different perspective and new insights. Academic institutions also are needed for continuous management education programmes and other training initiatives at the company. In addition, bright young engineering and management graduates would be needed in a variety of areas to cater to immense growth possibilities in the power sector.
Dr. D.K. Banerjee, Director, Asia-Pacific Institute of Management, New Delhi welcomed the speakers for the special series ‘Wisdom From The Board’.  Dr. Satyanarayan Dash, Sr. Professor & President (Corporate Affairs) gave an overview on BHEL and its contribution as a profitable Navratna public sector company. Prof. Subrata Goswami, Sr. Professor (Marketing) and Chairman, Centre for Corporate Relations (CCR) delivered the vote of thanks.
About Asia-Pacific Institute of Management, New Delhi
Asia-Pacific Institute of Management, New Delhi was established in the year 1996 with a vision to make a difference in the quality of business and management education and practices in India and Asia. Approved by The All India Council of Technical Education (AICTE) the flagship PGDM programme has also won the recognition from National Board of Accreditation (NBA).  In addition, Asia-Pacific Institute of Management offers AICTE approved PGDM programmes in various specialized fields of management, such as PGDM (Marketing), PGDM (International Business) and PGDM (Banking & Financial Services).  Currently ranked as an A+ category Business School, Asia-Pacific Institute of Management is rated as the best in ‘Programme Delivery ‘among the super league of Top 20 business schools in India. For more information, please visit: www.asiapacific.edu