Globalization has influenced business to a large extent. Management and IT have transformed the world into a ‘global village’; intensifying the competition. New and novel management practices are evolving to cope up with this dynamic situation. Thus, Management and IT needs to be intertwined for the holistic growth of business. Today, international organizations face environments characterized by increasing dynamism and competition and sustainable fit can be achieved only by developing a flexible organization. Traditional management practice has little to contribute to processes of creation and innovation. Innovation is directly proportional to the attitude of senior management. Without a corporate strategy to reach defined corporate goals, innovation will be misdirected and unguided. Innovations and inefficiencies are persistent anomalies in organizations that set the context; guide the process; clearly communicate reasons; shield creative teams; appreciate distinctiveness in people and their thinking; and welcome change. Innovation is most often carried out in teams, suggesting that leadership's role is also "to provide a work environment of openness built on trust where every member of the team feels free to express their views/opinions without fear of ridicule or reprisal.
The fourth International Conference being organized by Prestige Institute of Management, Gwalior is designed to encourage exchange of research in the area of IT and Management among practitioners and researchers from across the globe. The conference will generate greater understanding of the interrelationship of development and innovations in IT and their compound effect on developments and innovations in management leading to better business practices.