Central University of Punjab’s School of Management hosts lecture on emerging research trends in business
The Department of Financial Administration at the Central University of Punjab’s School of Management, under the guidance of Hon’ble Vice-Chancellor Prof. Raghavendra P. Tiwari, hosted an invited lecture on “Emerging Research Trends in Business.” Prof. (Dr.) Manjit Singh from the University School of Applied Management, Punjabi University, Patiala, was the featured speaker.
City Air News
May 17, 2024 03:36
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Bathinda, May 16, 2024: The Department of Financial Administration at the Central University of Punjab’s School of Management, under the guidance of Hon’ble Vice-Chancellor Prof. Raghavendra P. Tiwari, hosted an invited lecture on “Emerging Research Trends in Business.” Prof. (Dr.) Manjit Singh from the University School of Applied Management, Punjabi University, Patiala, was the featured speaker.
Prof. (Dr.) Anand Thakur, Dean of the School of Management, commenced the event with a welcome address, highlighting the lecture's importance for both postgraduate and Ph.D. students.
During his lecture, Prof. (Dr.) Manjit Singh discussed the evolution in developing economies driven by patent initiatives. He emphasized the role of research culture in economic progress, detailing how advancements in various sectors enhance productivity, technological innovation, and global competitiveness. Prof. Singh outlined the seven pillars of competitiveness: natural resources, man-made capital, financial capital, institutional capital, human capital, knowledge, and cultural capital.
Illustrating current research trends, Prof. Singh cited successful companies like Apple, Google, and Microsoft as prime examples of how innovation drives economic prosperity. He also shared insights into the contributions of researchers like Michael Porter and Mohammad Yusuf. A notable segment of his lecture was the comparison between incremental and radical innovation, explaining the significance of both in advancing research.
Prof. Singh described two major shifts in research paradigms: the transition from induced to autonomous research and from theory-oriented to practice-oriented research. These shifts are crucial for making research more relevant and effective in addressing contemporary issues. The lecture concluded with an engaging Question-Answer session, with active participation from research scholars and students.
Towards the end, Prof. (Dr.) S. Rameshkumar delivered vote of thanks, expressing gratitude to Prof. Singh for his insightful lecture.
