Mr. Chauhan laid stress on the importance of proper execution and how good strategy coupled with proper execution can work out wonders. He related this with his tenure as the CEO of Mumbai Indians. He also discussed about the strategies adopted at the BSE and competitive advantage in its rivalry with NSE. He explained students about the intricacies of the trading business and how good strategies fail when traders start believing in their bluff, thus explaining the students about the need of sound judgmental skills in making business decisions.
He also laid importance on the use of sophisticated technologies and new trends like Algo Trading in business because speed and fast information flow form the essence of effective and competitive business practices. He mentioned the examples of failure of over the counter exchange and how modern trends have significantly changed the ATMs, Liquidity, Derivatives, Nifty, Futures, Options and Forwards in the market.
The sessions turned out to be extremely informative and engaging as it was full of anecdotes from real life experiences which he interspersed in his talk. Mr. Chauhan also urged the students to develop entrepreneurial skills and to contribute to the society in any way they can.
The student community was present in large numbers during the session to learn from such an experienced member of the industry. The objectives of such sessions conducted by Finomina and other clubs & committees at IIMU are not only to learn about the industry that the speakers represent but also to form relationships with them and with their companies for collaboration in designing academic curriculum and other activities on campus.
IRIS – The Photography Club of IIM Udaipur helped in coverage of the event.
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