Media Release

Mangalore, Oct 28: St Aloysius Institute of Management and Information Technology (AIMIT), a unit of St Aloysius College (Autonomous) successfully conducted ‘ManasaManthana’- a national level paper presentation competition, in its Beeri campus on Tuesday October 28.

The theme for the competition 'Aligning Management Strategies with Business Growth' is especially relevant in today’s turbulent and volatile global markets.

The esteemed chief guest for the inaugural function Shri Ananthakrishna, non-executive chairman, Karnataka Bank delivered the keynote address. The chief guest is an alumnus of St Aloysius College and hence he was very enthusiastic in sharing his practical experiences with the students. He advised the audience to firstly understand the task at hand and then strategize. Managers should strategize for even the smallest of small tasks. They should start early and on time. They should always have a Plan A and an alternative Plan B in this era of uncertainty. He also shared with the students his mantra for success, "To have topline is vanity, to have bottomline is sanity, but to give more importance to topline than bottom line is insanity."

Chairman of the department of MBA, Dr Ozwald Mascarenhas SJ, gave a bird’s eye view of the event. The chairman stressed on the need to align management strategies, a controllable variable with business growth which cannot be controlled. He was of the opinion that ambiguity, risks and uncertainty rule today’s chaotic markets. Hence the theme for the event is very apt for management students. He maintained that three tools – Creativity and innovation management, Managing risk, uncertainty and ambiguity and a Problem-Solution approach to strategic decision making will enable the alignment.

Fr Denzil Lobo SJ, Rector, St Aloysius Institutions gave the concluding remarks. He spoke on the significance and relevance of the title of the competition 'ManasaManthana' which means ‘Churning of the mind.’ The main objective of ManasaManthana, he clarified, was to train students to be creative, imaginative, intuitive and innovative. He ruled that greed was the cause of failure of many companies and expressed a desire for students to be entrepreneurs and advised them to not be greedy.

The competition was well attended with over 30 papers from various parts of the country which were selected after a stringent screening process. Students from across management streams presented original and innovative papers highlighting the need to align management strategies with business growth.