What Leadership Requires, According to Global Leaders

"The Most Important Leadership Competencies, According to Leaders Around the World."..Read more

DBS launches mobile-only bank in India for retail reachDBS launches mobile-only bank in India for retail reach

BS, Singapore’s largest lender, unveiled on Tuesday India’s first mobile-only bank, in a bid to help expand its presence across India, by tapping into the country's ongoing technological and digital revolution in financial services.

The "Digibank" using biometrics and artificial intelligence technologies would be paperless and branchless. DBS CEO Piyush Gupta, who is based out of Singapore, said that he hopes to acquire five million accounts in India over the next five years through this platform...Read more

Announcing the Process Excellence Periodic Table

Ever wonder what are all the different elements that go into making a process excellence deployment successful? Today’s process practitioners have an almost ever-expanding number of methodologies, tools and technologies at their disposal that making sense of it all can sometimes seem a bit overwhelming...Read more

The Real Power of Platforms Is Helping People Self-Organize

Uber, the car-sharing service, has become ubiquitous. It’s now a multi-billion-dollar global business. It’s even become a noun of sorts — uberization — which people use to describe a disruptive change to a staid industry ripe for innovation (though, to be sure, the popularization of the word “disruptive” means that it is often used in ways that the concept’s author, Clay Christensen, didn’t intend)...Read more

The rewards and trade-offs of innovationThe rewards and trade-offs of innovation

The 'norm of collectiveness' is replacing the age-old tradition of the individual genius in the realm of innovation. Here are the implications

Q. In the realm of innovation, describe the ‘norm of collectiveness’ that is replacing the age-old tradition of the individual genius.

Many innovations and scientific endeavours are now collaborative ventures, with many diverse people contributing to them. Our familiar image of Einstein working alone in his lab and coming up with the Theory of Relativity doesn’t happen nearly as often today. Walter Isaacson’s recent book, The Innovators, emphasizes that collective development is now the norm, particularly for digital and Internet technologies...Read more

What it Takes to Build an Award Winning Approach to Process Excellence

The PEX Network has been recognizing exceptional performance in process excellence since 2004. Over the years, we’ve seen categories come and go, we’ve enjoyed the arrival of the Awards infographics gallery, and we’ve heard “the winner is Singtel” more than a few times. This year’s PEX Awards were of outstanding pedigree so we spoke to three of our 2016 winners to find out what it takes to be a PEX Award winner and what difference it made when they got ‘back to the office’...Read more

The 7 Undeniable Leadership Strategies Proven to Maximize Results and Influence Teams

Learn the foundation and basics of what all great leaders know. The 7 Strategies of Leadership will help you establish credibility and respect...Read more

Why Do Leaders Get Their Timing Wrong?

SUMMING UP: Is good management timing primarily a function of strategy or culture? James Heskett's readers add their opinions. What do YOU think?..Read more

First small finance bank starts operations

CHANDIGARH: Punjab-headquartered Capital Local Area Bank launched the country's first small finance bank on Sunday, seven months after the Reserve Bank of India gave its in-principle approval for this new type of banks...Read more

Reliance buys Iranian oil after 6-year hiatusReliance buys Iranian oil after 6-year hiatus

Reliance Industries has bought crude oil from Iran after a 6-year break and is looking to strike a long-term fixed quantity deal, post lifting of sanctions. RIL, which operates the world's biggest refining complex at Jamnagar in Gujarat, is looking at quickly ramping up purchases to the earlier levels of about 5 million tonne a year. "Re-established relationship with Iran, sourced crude oil post lifting of sanctions," the company said in an investor presentation after reporting 2015-2016 earnings...Read more

India pips China in attracting FDI

When it comes to greenfield investments, in 2015 India emerged a clear winner with $ 63Bn FDI investments flowing in. China, in second position attracted FDI to the tune of $56.6Bn. India replaced China following a year of high-value project...Read more

People Won’t Grow If You Think They Can’t Change

Have you ever worked hard to improve a valuable skill and made real progress, only to have your development go unnoticed by the people who told you that you needed to improve? Perhaps this led you to look for a new job. Or maybe you’re a manager who’s been disappointed by poor performance and concluded that your low-performing employees are simply over-entitled? So you gave up on trying to help them improve and vented your frustration with colleagues behind closed doors...Read more

India to be 4th largest solar market in 2016India to be 4th largest solar market in 2016

India is set to become fourth largest solar market this year and pip 3 major European markets - the UK, Germany and France - with likely capacity addition of 5.4 GW in 2016.

India is poised to become the fourth largest solar market in 2016, leaving behind three major European solar markets (UK, Germany and France) with expected new capacity addition of 5.4 GW in 2016," consulting firm Bridge to India said in its latest edition of India Solar Handbook report...Read more

Strategies for Business and Personal Transformation

There is no shortage of guidance on strategies companies must use on the path to digital transformation. But in truth, the journey must start with the self. Only after a personal transformation can you ably lead your team to tackle the digital challenges of today...Read more

Innovative Companies Get Their Best Ideas from Academic ResearchInnovative Companies Get Their Best Ideas from Academic Research

Since World War II, the U.S. has been an innovation superpower. In virtually every advanced field, whether it’s information technology, biotechnology, agriculture, or renewable energy, America holds a leading position. Other nations may challenge in one field or another, but no one can match its depth and breadth.

To account for its success, many point to America’s entrepreneurial culture, its tolerance for failure and its unique ecosystem of venture funding. Those factors do play important roles, but the most important thing driving America’s success has been its unparalleled scientific leadership...Read more

Sustainability Technologies Can Be Disruptive

James Hawley is Professor of Management, School of Economics and Business, and Senior Research Fellow, Elfenworks Center for Responsible Business at Saint Mary College of California. He is also Head, ESG Research at TruValue Labs, San Francisco, California, which provides advanced analytics to create sustainability metrics using real-time ESG data...Read more

Managing Change

The process of imagination that becomes innovation, which becomes commercialisation, is fairly similar country to country...Read more

The Definitive Management Ideas of the Year from Harvard Business Review

We’ve examined the ideas, insights, and best practices from the past year of Harvard Business Review to bring you the latest, most significant thinking driving business today. With authors from Marcus Buckingham to Herminia Ibarra and company examples from Google to Deloitte, this volume brings the most current and important management conversations to your fingertips...Read more

Becoming a Cognitive Referent: Market Creation and Cultural Strategy

Executive Summary — Rory McDonald describes the making of a "cognitive referent," which is a firm that customers, the media, analysts, and employees automatically associate with a new market category--think Starbucks and coffee...Read more

Transitioning Your Company from Product to Platform

Platforms can be a strong source of competitive advantage. But how do you build a successful platform if you only have products? In our recent HBR article, we explain the fundamentals of transforming products into platforms. Like riding a bike, it’s easy to describe the physics but hard to actually do. What are the “best practices” of building...Read more

Robots in investing

More pronounced in the US and UK, automated investment services or robo-advisors( as they are frequently called) are attracting a lot of attention and swiftly making their way in to India.

Robo-advisors are a class of financial adviser that provides portfolio management online with minimal human intervention and give clients advice on investment options...Read more

IISc start-up builds world's first food grade DNA/RNA stain

A science start-up, incubated at the Indian Institute of Science (IISc) here, has built the world's first food-grade DNA/RNA stain. This might cut the time taken to diagnose conditions such as HIV to a day, from 45 days at present...Read more

motivatedGoogle launches Health Cards in India

Google has announced the launch of health cards in India today. Coming a year after the US launch, the search giant has launched the 'Lite' cards in India, owing to the slow bandwidth and 50 per cent of the users still on slow speed 2G networks. It is available on the Google app in Android, iOS and desktop.

Google Now is an intelligent personal assistant that has been integrated with Google Search. It also offers cards that pull information from Gmail, information for nearby events, weather, traffic information and more. Google has now added health info to its Knowledge Graph. So when someone searches for a common heath condition or query, Google will show snippets and information from the validated sources. Google also shows instant answers...Read more

Leadership Development Should Focus on Experiments

Leadership development represents a huge and growing investment for most organizations. Industry research, for example, shows that companies spent more than $24 billion on leadership and management training worldwide in 2013, an increase of 15% from 2012...Read more

motivatedStaying motivated as a mature executive

As the writer Vladimir Nabokov once noted, the future is fiction. Yet for hard-charging executives, that imaginary tomorrow is a deeply familiar destination. What happens when, after 20 or 30 years of plotting and planning, you run out of rungs to climb?

They say it’s lonely at the top, but in a world that worships youth and extraordinary accomplishment, being a senior executive in the middle of the pyramid is not easy either. With human resource initiatives focused mostly on grooming a small group of successors or nurturing a large pool of youthful talent, the problems of older executives tend to get short shrift...Read more

RBI Betting on Payments Banks to Boost Innovation

The Reserve Bank of India is taking a bet on payments banks so that these new entities can push the existing banking system to be innovative, governor Raghuram Rajan said on Monday. The central bank is open to new technology and would wait for regulations to evolve rather than dismiss new systems, Rajan said...Read more

Business Marketing: 100 Business Marketing Strategies to Make More Sales, Hook Your Customers and Grow Your Business: (FREE eBOOK!) (Network Marketing, ... Affiliate Marketing, Internet Marketing)

Master the Arts of Modern Business and Marketing!

Are you ready to take your business to the next level? Do you want to achieve more success and greater profits? If so, this book is for you! Inside this powerful, insightful book, you’ll find a wealth of strategies for:...Read more

Is ‘online’ Retail Becoming Attractive for ‘Offline’?

“Offline will acquire online.” That’s the big call given by India’s retail king Kishore Biyani after the release of the new norms for online retail by India’s Department of Industrial Policy and Promotion...Read more

Why Platform Disruption Is So Much Bigger than Product Disruption

How does disruptive innovation differ when it’s applied to a product versus a platform?

For the sake of clarity, let’s call a product “a platform that is used for one or very few products” and a platform “a structure upon which many variations of products are built.” These definitions recognize that product vs. platform isn’t black-and-white, but let’s use them for practical purposes. For example, using this definition, a Tesla car battery is a product, because it powers only a few cars. But as more electric cars enter the market (including more Tesla models) and there are more uses for rechargeable electric batteries, perhaps the battery will one day move up the scale to become more like a platform....Read more

Fairfax to invest USD 300 mn in Sanmar Chemicals

Investment firm Fairfax India will acquire 30 per cent stake in Chennai-based Sanmar Chemicals Group for an investment of USD 300 million (about Rs 2,000 crore)...Read more

first-incubation-centreOracle to set up its first incubation centre in country

As part of its plans to expand and support Digital India initiatives, software and solutions major Oracle today announced at the Oracle CloudWorld it will set up its first incubation centre in country.

Called ‘Oracle Startup Cloud Accelerator' the centre will open in Bengaluru on April 8, 2016 and will be inaugurated by Oracle’s President of Product Development Thomas Kurian. Oracle will launch nine incubation centres

These centres are slated to launch later in Chennai, Gurgaon, Hyderabad, Mumbai, Noida, Pune, Trivandrum and Vijayawada. Oracle’s Sanket Atal, Group Vice President of Development, will be leading the initiative ...Read more

Lean Sigma-- A Practitioner's Guide (2nd Edition)

Lean Sigma delivers results—if you use the right tools and techniques. In this thoroughly updated edition, Ian Wedgwood details his proven best-practices from more than sixty successful Six Sigma and Lean deployments in multiple industries, helping you identify and apply the solutions that will work best in your projects...Read more

Why the future belongs to the curious

Q. How did you become curious enough about curiosity to write a book on the subject?
It has always struck me that, while people can be loud or quiet, kind or cruel, one of the biggest differences is whether they’re curious or incurious. You can tell as soon as you start talking to someone: not only are curious people more interested in you, they are interested in whatever subject comes up. There’s a light behind the eyes of a curious person....Read more

Aviation sector will benefit from elimination of 5/20 rule

India’s aviation sector is reportedly on the threshold of dismantling a perverse regulation which favours incumbent players at the expense of new entrants....Read more

Why Buying a Company Can Be Better than Starting One

Perhaps your most fundamental career choice is whether you will work in someone else’s company or for yourself. But for most people, “working for yourself” sounds a lot like “starting your own business,” which feels risky and formless and also requires a really good business idea — which most of us don’t carry around in our back pocket....Read more

leadership-growth How to mitigate the downside of success

Organizations and companies that experience a “flare-up” of innovation usually see their creativity fade precisely because of the self-confidence and growth that success brings, says Stanford GSB Professor Emeritus James G. March. “Self-confidence and growth are usually good, but they have some negative consequences,” says March. “You don’t want to avoid them, but you’d like to avoid the negative consequences. How do we grow without growing?”

March, Mie Augier of the Naval Postgraduate School, and Andrew W. Marshall published their recent paper, “The Flaring of Intellectual Outliers: An Organizational Interpretation of the Generation of Novelty in the RAND Corporation,” in the July-August issue of Organization Science. Although the paper specifically examines the nonprofit research institution RAND Corp., its conclusions may apply to companies and other organizations, say the researchers...Read more

Future Group completes buyout of FabFurnish

Kishore Biyani-led Future Group has completed its buyout of FabFurnish, as it looks to take on the threat posed by Swedish furniture retailing giant IKEA, which is expected to make its entry next year, and in the process, also marking the first exit of Rocket Internet in India...Read more

Why Everyone Must Get Ready For 4th Industrial Revolution

CFirst came steam and water power; then electricity and assembly lines; then computerization… So what comes next?

Some call it the fourth industrial revolution, or industry 4.0, but whatever you call it, it represents the combination of cyber-physical systems, the Internet of Things, and the Internet of Systems...Read more

Godrej acquires US-based Strength of Nature

Continuing with its strategy of driving growth through overseas acquisitions, Godrej Consumer Products Ltd (GCPL), the fast moving consumer goods arm of the $4 billion-Godrej Group, has acquired yet another global company; this time in the US...Read more

The Process Improvement Handbook: A Blueprint for Managing Change and Increasing Organizational Performance

Today’s business environment demands faster responses, better service, and increased agility. The Process Improvement Handbook reveals how to design effective process improvement structures, organizations, and ...Read more

leadership-growthLeadership growth with social responsibility has positive results

When organisations include social responsibility programmes within their leadership development efforts, it delivers results, according to a global study by the Hay Group division of people and organisational advisory firm Korn Ferry. The survey, which includes data from more than 7,500 business and HR leaders in 107 countries, found that across all leadership levels, an average of only 36 per cent of employees are "highly engaged". The survey also found that leveraging a social responsibility agenda to develop leaders can help reverse this trend. The vast majority (87 per cent) of respondents say that linking an organisation's social responsibility efforts to leadership development has a positive impact on overall engagement and performance. Unfortunately, only 59 per cent of respondents say their organisations actually do link the two. A separate Korn Ferry study shows the top factor that improves people's feelings about their job is working for a company whose culture aligns with their values. This is especially true for younger workers...Read more

power-gridPower Grid to procure Rs 40,000 crore worth distribution equipment for states

State-run Power Grid Corporation will procure distribution equipment worth Rs 35,000-40,000 crore from domestic vendors on behalf of states for implementation of rural electrification and network strengthening programmes.

The online reverse auction for procurement of large-scale distribution equipment, which is being conducted by state-run MSTC Ltd, began on April 1 and will continue till May 4. About 110 domestic equipment manufacturers empanelled with Power Grid are participating in the auction...Read more

great-innovatorsGreat Innovators Create the Future, Manage the Present, and Selectively Forget the Past

For a long time, I have been troubled to see how often organizations fail to invest wisely in their futures while instead placing dominant emphasis on the present. To be sure, the present is vitally important. Your current business is the performance engine. It both funds day-to-day operations and generates profits for the future. Where problems arise is when the present crowds out other strategic priorities—for example, when the only skills brought into a business are those that serve today’s core. That is shortsighted in every sense of the word...Read more

Does competition make us more creative?

Competition can bring out the best in salespeople, athletes, and participants in hot dog eating contests—but can it make employees more creative?

A recent working paper by Daniel P. Gross finds that competition can motivate creative types to produce radically novel, untested ideas, but that too much competition pushes them in the opposite direction...Read more

innovationFrugal innovation and innovation for the frugal — How India is becoming a hotbed

A small welcome arch of bright blue and white balloons and a modest signboard were the only indications of Uber Technologies’ new engineering centre in Bengaluru, when it was opened earlier this month. Inside, the ridesharing app services provider had set up a team of about 10 engineers to look at on-the-ground technical problems and situations that Indian commuters face every day.

The engineers here will look at everything from wireless signal strength to road traffic to the estimated arrival of a cab, once booked on the app. They will also look at ways — beyond discount coupons — to get more people habituated to Uber as a preferred mode. This is a longer-term effort involving the use of technology for improving the overall quality of any given ride on multiple parameters...Read more

mukesh-ambanis-relianceMukesh Ambani’s Reliance forays into fashion e-tailing

Mukesh Ambani-led Reliance IndustriesBSE -0.35 % has entered into ecommerce fashion retail though a platform called AJIO, targeting India's online spenders with high-margin, curated fashion. The portal, named after its telecom unit Reliance Jio and upcoming digital wallet Jio Money, has been tested on its employees for the last three months.

The diverse group with interests in telecom, media and petroleum is already one of the country's largest retailer and operates department chain Reliance Trends and Reliance Brands, which has partnered more than a dozen premium international labels including Diesel and Superdry...Read more

6 Reasons Platforms Fail

The success of platform businesses like Alibaba, Airbnb, and Uber is so remarkable that discussion about them often misses just how hard they are to build. For every successful platform, there are many more that struggle or simply don’t make it. Apple and Google, two of the world’s most valuable companies, have had their share of platform failures as we’ll show. Studying these successes and failures, we’ve identified half a dozen key reasons platforms fail, all of which boil down to managers’ misunderstanding of how platforms operate and compete...Read more

online-market-placesHow 3M Drives Innovation Through Empathy And Collaboration

Michele Whyle is Director of Global Sustainability at 3M, widely considered one of the world’s most innovative companies. Its portfolio of 55,000 products includes the Post-it Notes on your desk, the ACE bandages in your medicine cabinet, and many less-visible industrial applications to improve lighting, transportation and power transmission.

Fresh off 3M’s “The Big Picture” exhibition at South by Southwest (SXSW), Michele spoke with Ashoka’s Dan Schiff to talk about the company’s role in innovating through empathy, partnerships for a better world and encouraging more young women to pursue scientific careers. (This interview has been edited and condensed.) ...Read more

Why local companies are winning in emerging markets

Many leading multinationals are finding that their biggest competitors in emerging economies are local players and not other big global names. Why is it, for example, that the Chinese and Indian ice cream markets are dominated by local brands and not the likes of Unilever and Nestlé? The same goes for a range of industries, such as home appliances or e-commerce, and not just in China and India. In most cases, the fact that local companies have been outperforming foreign multinationals cannot be blamed on protectionist regulations or unfair competition....Read more

What Makes Alibaba and Facebook Innovative is Leadership

I’ve represented the Wharton School at three big international events so far in 2016 — the World Government Summit in Dubai, the Wharton Global Forum in Kuala Lumpur, and now the China Development Forum in Beijing. “Innovation and Entrepreneurship” has been at the top of every agenda because countries world over are desperately seeking productivity-enhancing innovation, and because startups seem better at generating it than big established organizations. Nowhere was this more clear than in Beijing last week. Amid a star-studded program of political, business, and academic leaders from China and around the world, there were two rockstars — Alibaba founder Jack Ma and Facebook founder Mark Zuckerberg....Read more