Guest Lecture on Navigating the Innovation Ecosystem: Opportunities and Challenges

FROM 25 Feb 2025 TO 25 Feb 2025

Venue : Department of Business Administration, FOMCA, Manipal University Jaipur @ 3:30 PM

The Department of Business Administration successfully organized a guest lecture by Prof. Rabindra Rena, a distinguished professor from South Africa, on the topic of "Navigating the Innovation Ecosystem: Opportunities and Challenges." The lecture, held on February 25th, 2025, provided BBA students with valuable insights into the complexities of innovation, with a specific focus on sustainability organised by Dr R K Tailor. Prof. Rena's expertise and engaging presentation style captivated the audience, fostering a dynamic learning environment.

Introduction:

In today's rapidly evolving business landscape, innovation is crucial for organizational success and sustainable development. The department recognized the importance of exposing students to real-world perspectives on innovation and invited Prof. Rabindra Rena to share his extensive knowledge and experience.

Lecture Highlights:

• Prof. Rena began by defining the innovation ecosystem, highlighting its various components, including research institutions, startups, investors, and government agencies. He emphasized the interconnectedness of these elements and their role in driving innovation.
• The lecture explored the numerous opportunities that arise within the innovation ecosystem. Prof. Rena discussed emerging technologies, market trends, and entrepreneurial ventures that are shaping the future of business. He provided real-world examples of successful innovations and their impact on society.
• Prof. Rena also addressed the challenges associated with navigating the innovation ecosystem. He discussed issues such as funding constraints, regulatory hurdles, intellectual property protection, and cultural barriers. He provided strategies for overcoming these challenges and fostering a culture of innovation.
• A significant portion of the lecture was dedicated to the integration of sustainability into innovation. Prof. Rena emphasized the importance of developing innovative solutions that address environmental and social challenges. He highlighted the growing demand for sustainable products and services and the opportunities this presents for businesses.
• The lecture concluded with an interactive Q&A session, where students had the opportunity to ask Prof. Rena questions and engage in a lively discussion. This allowed students to clarify their understanding of the concepts presented and gain further insights into the topic. Students gained a comprehensive understanding of the innovation ecosystem and its complexities.

Prof. Rena's insights and real-world examples provided students with valuable practical knowledge. The lecture emphasized the importance of sustainability in innovation, raising students' awareness of environmental and social issues. The interactive session encouraged students to think critically and apply their knowledge to real-world scenarios. The lecture provided students with an opportunity to network with a renowned academic and expert in the field.

Conclusion:

The guest lecture by Prof. Rabindra Rena was a highly successful and enriching experience for BBA students. The lecture provided valuable insights into the innovation ecosystem and its opportunities and challenges, with a strong focus on sustainability. The department expresses its sincere gratitude to Prof. Rena for sharing his expertise and inspiring the students.