ISBF DISTINGUISHED PUBLIC LECTURE SERIES
New Delhi, July 19, 2021: Describing the international business scenario in the Post-COVID world as “jeopardizing the march of globalization”, Mark Runacres, former Deputy British High Commissioner to India, while addressing students at the Indian School of Business & Finance (ISBF), Delhi, hosted Distinguished Public Lecture Series (DPLS), stressed that “the virus can’t diminish the reality of the 21st Century.”
The theme of the seventh DPLS edition was ‘The International Business Environment in a Post-COVID world’ and Mr. Runacres enthralled students with his deep insights and valuable knowledge of the workings of the world, gathered over 25 years of Diplomatic service and as a member of several renowned corporate boards and social organizations.
Further elaborating on his thoughts on the impact caused by COVID, Mr. Runacres said “I don't believe that COVID-19 is going to have that dramatic impact because we continue to see corporate growth, and Asia is becoming more powerful every passing day.”
He also identified three areas which he felt had faced the brunt of the impact namely Economic growth, impact on the workforce and most importantly, climate change & the environment. “In developing economies like India, which have much larger industries in the informal sector, government actions, in terms of supplying supporting measures, have transformed the condition of businesses.” said Mark.
Sharing his thoughts on the after-effects of COVID on the workforce, he opined “It is vital for the business leaders, in the coming years, that they build into the management plans for the workers and show sensitivity towards people.”
Delivering a vote of thanks to conclude the session, Dr G.L. Tayal, Academic Dean, ISBF, said, “The areas Mark has covered clearly gives an understanding of his profound knowledge and we have been enlightened on various issues particularly the three areas he spoke about which have been impacted most by the pandemic and I am sure that has been very relevant for the student. Your views on the development of technological advancement about not just globalization, but also WHO and their health concerns were refreshing. Our students have certainly benefited a lot from the discussion and have learnt a lot today. We appreciate your contribution, your understanding on a variety of issues and for enriching our perspective.”
The ISBF DPLS has over the years seen several academicians, industry stalwarts and thought leaders addressing burning student concerns around economics, finance and management. Among them have been including Dr Montek Singh Ahluwalia, Former Deputy Chairman, Planning Commission; Dr Pronab Sen, Former (and first) Chief Statistician of India; Dr Abhijit Sen, Former Member of the Planning Commission; Nikhil Arora, Vice President and Managing Director, GoDaddy India, amongst others.
ISBF was founded in 2006 with the vision of delivering world‐class education in India. Through its partnerships with global giants like University of London, The London School of Economics and Political Science (LSE) and Kingston University, and its expert and highly committed group of faculty members, ISBF ensures that students receive a rigorous, application-oriented, and global education which is relevant to local needs.
On the programmes offered with LSE and University of London, there is complete parity of both curriculum and assessment standards between students of ISBF and LSE in London, and all graduates receive the globally renowned University of London degree. As these programmes are in the areas of Economics, Business & Management and Accounting & Finance, for which LSE is ranked 5th, 10th and 4th in the world respectively (QS 2020), this means that Indian students can not only access a global top 10 undergraduate education, but they can also do so at about one-fourth the cost of obtaining the same education in London.
Starting from the academic session 2020-2021, ISBF has also partnered with Kingston Business School, Kingston University, London, to offer their BSc (Hons) Business Management programme. Students of this programme complete their first two years at ISBF, studying the KU curriculum, and then necessarily move to Kingston University for the third year, thus graduating in London at less than half the cost (relative to pursuing all 3 years in London). They are eligible to receive the 2-year post-study work visa, as well as other work and visa-related benefits available to international students, which makes it much easier for them to launch a career in London. The programme also offers an optional year-long internship anywhere in the world.