Bhubaneswar: The Odisha governor, Dr. SC Jamir, inaugurated the second business conclave –Marmagya2.0 — of IIM, Sambalpur (IIMS), here on Saturday.

The governor, in his inaugural speech,  said that the business world is witnessing a phenomenal transition so far is technology is concerned. In this period of transition professionals require a new set of skill to be successful, he stressed adding, it becomes important to learn the difference between managing and leading.

Dr Jamir said the millennial generation now entering job sector will shape the world of work for years to come. Their enthusiasm and use of technology clearly sets them apart. One of the defining characteristics of the millennial generation is their affinity with the digital world. They have grown up with broadband, smart phones, laptops and social media being the norm and they expect instant access to information. This is the first generation to enter the workplace with a better grasp of a key business tool than their more seniors in the workplace.

The truly successful managers and leaders of the 21st Century will be characterized not by how they can access information, but by how they can access the most relevant information and differentiate it from the exponentially multiplying masses of non-relevant information. The evolving nature of business conducted by global organizations calls for a fundamentally different kind of leader, the governor observed.

The IIMS director, M.P. Jaiswal, Director, director IIT, Bhubaneswar, V Rajkumar, executive director, Sambad Group, Tanaya Patnaik, director personnel MCL L.N. Mishra,  also spoke in the inaugural session.