How to Create an Exponential MindsetHow to Create an Exponential Mindset

Digital business models are a bit of a misnomer. It’s not digital technology that defines them; it’s their ability to create exponential value. The music and video industries, for example, weren’t redefined by converting analog to digital formats. Just ask Sony about Minidisc players and Netflix about their DVD business.

To create exponential value, it’s imperative to first create an exponential mindset. The incremental mindset focuses on making something better, while the exponential mindset is makes something different. Incremental is satisfied with 10%. Exponential is out for 10X...Read more

Fosun agrees to buy KKR-backed Gland Pharma for $1.4 billion: Source

HONG KONG: Shanghai Fosun Pharmaceutical Group Co Ltd has agreed to buy Gland Pharma - backed by KKR & Co LP - for about $1.4 billion, a person with direct knowledge of the matter said, in India's largest inbound acquisition this year...Read more

India's quality of growth improving, says CRISILIndia's quality of growth improving, says CRISIL

CRISIL has pegged India’s economic growth at 7.9 per cent in 2016-17, assuming a normal monsoon. Unlike the “rubber-band” recovery that India witnessed after the global financial crisis of 2008, aided largely by fiscal and monetary stimulus, this time the quality of growth has improved, says CRISIL in a new report.

With the global economy struggling, India had embarked on a massive fiscal and monetary stimulus. As a result, growth perked up initially only to collapse when the stimulus was withdrawn...Read more

Reinventing retail bankingReinventing retail banking

For consumers in mature markets, the financial technology boom doesn’t seem like a very exciting revolution. What they’ve seen so far is technology that shaves a few minutes off an already efficient process, such as being able to deposit a check by taking a picture of it instead of going to the ATM, or being able to buy things with the swipe of a phone instead of a credit card.

But for parts of the world where people must still buy and sell things with bundles of banknotes and stash their savings under mattresses, the FinTech boom is likely to be a major event with a variety of important economic consequences...Read more

Singapore: The First-Mover Nation for Driverless CarsSingapore: The First-Mover Nation for Driverless Cars

Autonomous vehicles and connected cars are prompting a number of automakers and technology companies to reconsider their strategy. They want to avoid being left behind. But if their strategy is to build and sell driverless cars on their own, they are moving in the wrong direction. Driverless cars are not like simpler technologies, and they are not even like other motor-vehicle technologies. When it comes to this frontier, the appropriate first-mover unit of innovation is not the car, or even the car company. It is the nation.

One of the most promising autonomous vehicle startups is based on that premise. It’s a small company called nuTonomy, based in Cambridge, Mass., near its academic roots...Read more

Feeding The Mechanisms That Drive InnovationFeeding The Mechanisms That Drive Innovation

There’s a powerful myth that many people continue to believe in: that innovation comes about through a flash of inspiration, a “Eureka!” moment. In reality, innovation is fed by a constant diet of relevant and up-to-date information that can be reused and recombined to give shape to new ideas.

We usually become more innovative when we are exposed to processes that feed our brains with new ideas and situations: when we travel, when we live in a different country, when we attend a (good) class or conference, when we meet people who are very different from us. To feed our personal innovation machine, we need new information, different thoughts, alternative takes and approaches, surprising things that we can compare, contrast, and even admire...Read more

POWER: Empowering the Leader Within : A step by step guide on how to develop effective leadership and management skills Kindle Edition

"POWER: The Key to Leadership" is the essence of everything I have learned on my journey so far. Everything that I have learnt about business and how to lead people, I have learnt on my own through trial and error. This book is my attempt of sharing my insights and experiences with the people so they don't have to reinvent the wheel...Read more

Why Elon Musk’s New Strategy Makes SenseWhy Elon Musk’ s New Strategy Makes Sense

Last week Elon Musk released the second installment of Tesla’s Master Plan. The first installment had been written in 2006. It outlined Tesla’s automotive strategy and it has been pretty much followed to the letter. The second installment moves Tesla beyond the traditional car market, with a plan to reconfigure our cities, energy systems, and our impact on the environment. As if becoming the first American car entrant in almost a century weren’t enough...Read more

Government may regulate e-Pharmacies soon

NEW DELHI: The government may back e-pharmacies amidst the long-drawn battle between chemists and online medicine retailers in the country. A health ministry sub-committee tasked with deciding the online model's viability has spoken in its favour, according to the country's apex drug regulator...Read more

Super 50: The formula that makes these companies 'super'Super 50: The formula that makes these companies 'super'

When Forbes India launched its Super 50 list in 2015, the key question in our minds was: What is it that makes a company ‘super’? Sure, there are several definitions of excellence and many companies will fare very well on most of these. After much internal debate and discussion, and with assistance from our Knowledge Partner PwC India, we decided on three key metrics—shareholder value, sales growth and return on equity—which would give us a holistic view of corporate performance; a 360-degree evaluation of sorts and that too over a three-year time frame to ensure consistency. The Super 50 list is not a ranking, but a listing of companies which have performed excellently on these three counts, and delivered stellar performances as a result...Read more

Creativity is nice, but it only becomes innovation when put to useCreativity is nice, but it only becomes innovation when put to use

Imagine if we could combine the way artists sense, think, and work with other disciplines like IT (or engineering, medicine, etc) and business (or social enterprise, government, etc).

Think: Shopping cart frames that have lift-out baskets, contoured toothbrushes to reach the corners of your mouth.

We may be able to find needs and create new ways to fulfil them. In some regard, maybe yes, we will be an economy filled with artists. But we'll be artists who are at the same time technologists (or engineers, doctors, etc) and businesspeople (or social entrepreneurs, freelancers, government leaders, etc) and more...Read more

How finance and strategy can become partnersHow finance and strategy can become partners

Corporate strategy teams and their counterparts in the finance function often seem to do their work in separate worlds, especially when it comes down to how they go about their jobs. The former must be farsighted and focus on capturing elusive long-term growth; the latter, a detail-oriented bunch determined to keep the monetary gears of the company turning in flawless synchrony...Read more

Bengaluru’s IT success spawns new non-tech business

A host of homegrown, non-tech companies from India's Silicon Valley have been thriving in the city's special environment and achieved substantial scale. A fact that is evident from the slew of successful initial public offerings (IPOs) over the past one-and-a-half years...Read more

Why It's Time to Change our Views on Management and the Job of ManagerSolar power tree developed for generation of electricity

NEW DELHI: The Ministry of Science and Technology has come up with a 'Solar Power Tree', an innovative way to generate electricity using solar power in a limited space.

Developed by the Central Mechanical Engineering Research Institute (CMERI), Durgapur, a laboratory of the Council for Scientific and Industrial Research (CSIR), the Solar Power Tree model is actually designed like a tree with branches made of steel to hold the photovoltaic panel.

The technology developed under the leadership of S N Maity, Chief Scientist at CMERI...Read more

Why It's Time to Change our Views on Management and the Job of ManagerWhy Your Innovation Team Needs a Lawyer

It’s probably happened to you. A team initiates a new big idea. Perhaps it’s to make communication easier for everyone in your global organization. Or maybe it’s to take your corporate profile into the stratosphere. Whatever the goal, by the time the idea is ready to launch, the team is exhausted but thrilled to finally reap the rewards of all their hard work.

Then the lawyers step in, ask questions, and kill the project — or reduce it to a shadow of its potential.

I hear these stories all the time. A leading professional services firm signed up 1,000 people to Slack groups before confidentiality lawyers closed down the project because it was cloud-based. A regional bank wouldn’t allow sales teams to share a new marketing campaign on their personal Twitter and Facebook pages because they couldn’t officially represent the company. A new client lost business because its processes and procedures were outdated and better options were not available in-house. Time was wasted, energy was depleted, and the mood shifted from possibility to pessimism...Read more

Big businessmen bond with start-ups

The old-monied industrialists are parking 5%-10% of their portfolio into start-ups to accelerate growth and innovation. Here's a look at who's invested where...Read more

Do CEO Activists Make a Difference? Evidence from a Field Experiment

Executive Summary — Corporate leaders are speaking out on social and environmental issues that are largely unrelated to their companies’ core businesses. Does such CEO activism actually change citizens’ opinions about these public issues—or their consumer attitudes toward these CEOs’ companies? Focusing on Apple CEO Tim Cook’s denunciation of potential discrimination resulting...Read more

Hi-tech farming: Drones to monitor agriculture growth in IndiaHi-tech farming: Drones to monitor agriculture growth in India

The day is not far when drones would be seen over agricultural fields, not for security, but to monitor crop and soil health. The Indian Council of Agricultural Research (ICAR) through the Indian Agricultural Research Institute (IARI) under a collaborative research project is developing indigenous prototype for drone based crop and soil health monitoring system using Hyperspectral Remote Sensing (HRS) sensors. This technology could also be integrated with satellitebased technologies for large scale applications...Read more

Why It's Time to Change our Views on Management and the Job of ManagerWhy It's Time to Change our Views on Management and the Job of Manager

The terms “manager” and “management” often get a bad rap in our culture. That’s unfortunate, because both the position and the practice hold the keys to solving many of the world’s problems, and both are relevant for you in your career.
Misconceptions Over Managers and Management:

We often associate the role of manager with that evil, overbearing, almost Dickensian character known as the micromanager. If you have worked for one of these creatures and suffered through their constant, overwhelming oversight and second-guessing or criticism of your every action, it is understandable why you carry a less than flattering view of the role. I know individuals who exhibit a post-traumatic stress-like reaction to the thought of their former micromanaging boss...Read more

The Family Dynamics We Grew Up with Shape How We WorkThe Family Dynamics We Grew Up with Shape How We Work

Does your CEO remind you of your bullying older brother? Or the mother who always refolded your clothes because you didn’t do a good enough job? Or the emotionally distant father who never praised you? Watch out: Chances are your CEO is recreating the very same dynamics that shaped his early family life. The entire executive team, and its mission, may suffer unless the CEO recognizes it and takes conscious steps to change his subconscious behavior...Read more

Diagnosing Dislocation

Imagine that you run a large company, prominent in its industry, with a loyal customer base and strong profit margins. Suddenly, a new product comes along that threatens your existence. It could be a technological development that will render your main product obsolete, just as streaming video is doing to cable television. It could be a more user-friendly way to obtain a similar product or service: Think of the sharing economy versus the traditional hospitality industry. Or it could be a creative new approach to existing offerings, such as the use of mini-clinics and telemedicine services instead of conventional physicians’ groups and hospitals...Read more

The Little Black Book of Change: The 7 fundamental shifts for change management that deliversThe Little Black Book of Change: The 7 fundamental shifts for change management that delivers

Your go-to-guide to delivering effective and transformative change that lasts Gopa Majumdar All too often, change efforts fail to deliver on their promise. However it is possible to turn an organization around quickly to create a new future — one where people think and behave differently and deliver extraordinary results together. Whether you are the chairman, a board director or an aspiring senior executive, The Little Black Book of Change provides a practical, concise and insightful guide to understanding your organization and inventing something extraordinary. It is not about ‘run of the mill' change programmes. It is about delivering extraordinary results — something that is not at all redictable...Read more

When Old Technologies Create New IndustriesWhen Old Technologies Create New Industries

People understandably get excited about new digital technologies, whether it’s the digital camera that is cheaper than developing rolls upon rolls of film, or the photo-sharing apps that – in turn — make your iPhone camera easier to use than your old digital camera.

New technology is so much fun that it can be easy to forget that new business models are what drive industries forward, and that old technology can still be valuable as long as it is paired with a smart strategy...Read more

Banks like Kotak Mahindra, Axis Bank and others mulling iris-recognition technology for ATM transaction

CHENNAI: Ever thought of looking an ATM in the eye to withdraw cash? Well, lenders like DCB Bank, Axis Bank BSE -0.54% and Kotak Mahindra BSE 0.26% are considering using iris-recognition technology for biometric authentication of transactions...Read more

Bad Innovation Is Just What Your Company NeedsBad Innovation Is Just What Your Company Needs

t’s easy to spot and celebrate the innovations that change company fortunes: Apple’s iPhone, Warner-Lambert’s (and then Pfizer’s) Lipitor, Microsoft’s Windows, to name a few. What is harder to appreciate are those innovations that aren’t the blockbusters and home runs but nonetheless play a critical role in a company’s innovation strategy. I’m not talking about the incremental improvements, but rather the value of launching new products and services that hold tremendous value even though they don’t shoot for the moon.

What follows are four perfectly good reasons, aside from world domination, to pursue innovations...Read more

Traditional Indian companies yet to warm up to platform models of businessTraditional Indian companies yet to warm up to platform models of business

Uber, the world’s largest taxi service provider, does not own a single cab. Apple sells iPhones, but does not create any of the apps. Airbnb, the world’s largest accommodation provider, does not own any real estate. Technology is changing the way business is done and throwing up new models. A platform-based approach to business is one such model that is increasingly being accepted across the world and is fast making the traditional ‘pipeline’ model look insufficient. Sangeet Paul Choudary, founder and CEO, Platform Thinking Labs, who was selected among the ‘Top 30 business thinkers globally most likely to shape the future’ by Thinkers50 speaks to Forbes India about the platform approach, how it helps businesses and the pitfalls to avoid while making the transformation. Edited excerpts:..Read more

M3M group to sell Gurgaon IT-SEZ to Tata Realty for Rs 500 croreM3M group to sell Gurgaon IT-SEZ to Tata Realty for Rs 500 crore

NEW DELHI: Real estate firm M3M India has entered into an agreement with Tata Realty and Infrastructure to sell its proposed IT-SEZ at Gurgaon for about Rs 500 crore.

M3M India's subsidiary Mikado Realtors Pvt Ltd had got a formal approval from the Commerce Ministry to develop a 25 acre SEZ for electronic hardware, IT/ITES in Gurgaon with a developable area of 3-3.5 million sq ft.

According to sources, M3M group has signed an agreement to transfer its shares in the proposed SEZ to Tata group firm Tata Realty and Infrastructure along with Standard Chartered Private Equity...Read more

Innovation Shifts from Products to SolutionsInnovation Shifts from Products to Solutions

The world of corporate R&D is undergoing a tectonic shift. Companies are moving away from their traditional, narrow focus on product innovation and into software and services innovation aimed at providing more comprehensive customer experiences. Are you selling smartphones, or are you selling connectivity and a media interface? Are you selling automobiles, or are you selling mobility?

The investments companies are making — as well as the kinds of engineers and other innovation personnel they are seeking — are changing as a result. This upheaval in R&D is affecting not only companies that make electronics and consumer goods, but traditional “heavy” industries that make everything from aircraft engines to industrial pumps and valves...Read more

How Dell, HP, and Apple Rediscovered Their Founders’ VisionHow Dell, HP, and Apple Rediscovered Their Founders’ Vision

Few forces in business are more powerful or do more to shape the dynamics of an industry than the energy, focus, and ability of the great founders of companies. That founder’s mentality can create enormous value for a company, and this can be true long after the actual founder is gone. But lose the founder’s mentality itself, and a company can see its value rapidly destroyed.

Take the ups and downs of three key companies in the computer industry—Dell, Hewlett-Packard and Apple—as examples...Read more

Reliance Jio plans to roll out 4G in all circles except four

MUMBAI: Reliance Jio Infocomm said it is in a high state of readiness to start offering its 4G services, except for in four circles where it could take four to six more weeks to prepare the network. The announcement indicates that the Reliance Industries unit's much-awaited commercial launch may be around the corner...Read more

A Leader Is the Capacity KeeperA Leader Is the Capacity Keeper

When you think of an effective leader, several characteristics likely come to mind: confident, capable, adaptable. And if you read my last three blog posts, you will likely also think of someone who can recognize his or her own demand-to-capacity gaps, is selective about the projects he or she agrees to take on, and is able to tune into the subtle hunches that can reveal the elusive and important challenges that we’re often too busy to notice.

But as an effective leader, it’s also imperative to act as your team’s capacity keeper, or the shepherd of the time, energy, resources, and focus that your employees have to devote to their essential work...Read more

HYT's hydromechanical watches: The new liquid assetHYT's hydromechanical watches: The new liquid asset

Water is a watch’s mortal enemy, but five years ago, Swiss entrepreneur Patrick Berdoz saw an astonishing concept he thought was visionary: Using liquid to indicate time. There have, of course, been water clocks for thousands of years, but no one had figured out how to create one that was wrist-size. So, along with three partners—including nuclear engineer Lu­cien Vouillamoz, who developed the innovative fluid system—Berdoz launched HYT, a watch brand whose raison d’être is producing hydromechanical timepieces.

The principle behind HYT’s groundbreaking watches is two immiscible liquids that flow from bellows, through a capillary powered by a mechanical movement to indicate the time on the watch dial.The complex, revolutionary system would not have been possible without the help of sister brand Preciflex, which makes liquid indication devices for the medical, design and automotive fields. Both companies were chaired by Berdoz—who has bought and sold a number of medical and real estate businesses—and HYT watches began production in 2012...Read more

Online financial services market to hit Rs 15k crore by 2020

BENGALURU: Online financial services in India is expected to be a Rs 15,000-crore market by 2020, up about 15 times from Rs 1,063 crore in 2014, led by a surge in usage of mobile wallets and insurance services, among others, according to a report from investment bank MAPE Advisory Group and consulting firm MXV...Read more

CEO Succession: Why It Pays to Have a Plan

Large companies can lose billions of dollars when they don’t plan for changes in leadership...Read more

A Data-Driven Approach to Group CreativityA Data-Driven Approach to Group Creativity

How can you ensure that your company has innovative teams? Based on our experience building innovation teams and consulting for Fortune 500 companies on setting up innovation processes, a key component that has proven to be paramount but consistently neglected is psychological assessment.

Though many organizations already use assessment for hiring, leadership development, team-building, and executive coaching, it has not been extended much to hiring and building better innovation teams. Why does this even matter? It matters because innovation requires specific personality types, characteristics, and an environment that engenders psychological safety, to be unleashed...Read more

India home to 2,36,000 millionaires; to touch 5,54,000 by 2025India home to 2,36,000 millionaires; to touch 5,54,000 by 2025

The number of millionaires in India is growing strongly and at the end of 2015 around 2,36,000 high net worth individuals were living in the country, with a combined wealth of USD 1.5 trillion, says a report.

According to the India 2016 Wealth Report, by New World Wealth, while most countries worldwide have experienced negative or negligible growth since 2007, India has performed “very well” in terms of wealth performance through this period...Read more

Government's new draft rules could improve quality of medical devices for patients

NEW DELHI: The health ministry's newly released Draft Medical Devices Rules has taken note of the poor quality standards in the indigenous medical device sector and suggested several measures to streamline the standards in the sector that is vastly scattered and highly unregulated. Some of the provisions include the educational qualifications of workers involved in making the devices, employing third-party quality consultants for audits of manufacturing sites and surprise inspections of these sites...Read more

GE Healthcare, CAMTech to partner for supporting health innovations for low, medium income nations

BENGALURU: Medical devices maker GE Healthcare and Consortium for Affordable Medical Technology (CAMTech), an arm of the Massachusetts General Hospital Center for Global Health, will partner together to conduct a 'First Mile Challenge'. The challenge aims at sourcing and supporting health innovations for low and medium income countries...Read more

How to Find and Engage Authentic Informal LeadersHow to Find and Engage Authentic Informal Leaders

In a recent article, “10 Principles of Organizational Culture,” strategy+business highlighted how crucial it is to deploy authentic informal leaders (AILs). As the acronym suggests, AILs are not people in your organization who have been endowed with formal authority by title or by memo. Rather, they possess and exhibit certain leadership strengths such as the ability to do something important well and showing others how to do it (exemplars), or they demonstrate the skill of connecting people across the organization (networkers). Some AILs influence behavior by being the first to understand the value of a new trend (early adopters) or by instinctively associating peers’ positive feelings with day-to-day activities (pride builders). These strengths — which my colleagues at the Katzenbach Center and I refer to as “spikes” — can make AILs powerful allies in any transformation effort...Read more

Nirma cements $1.4-bn Lafarge India buyoutNirma cements $1.4-bn Lafarge India buyout

Nirma, the Ahmedabad-based detergent and soap maker, on Monday announced its acquisition of Lafarge India’s 11-million-tonne (mt) cement business for $1.4 billion (about Rs 9,478 crore), including debt.

The valuation is around $127 per tonne, lesser than the $151 per tonne valuation Lafarge commanded in its aborted deal with Birla Corp last year and marginally higher than what UltraTech Cement paid to acquire Jaiprakash Associates’ assets last week.

The company, set up by Karsanbhai Khodidas Patel (71), emerged the most aggressive bidder, leaving Ajay Piramal’s Piramal Enterprises and Sajjan Jindal’s JSW Cement far behind, bankers said. Nirma already has a 2.28-mt capacity cement plant in Rajasthan that it commissioned in November 2014 after investing Rs 1,300 crore...Read more

How Chinese Companies Disrupt Through Business Model InnovationHow Chinese Companies Disrupt Through Business Model Innovation

Experts continue to debate whether Chinese businesses are truly disruptive. For some industries in the West, this question appears a bit ridiculous. The American textile and apparel industries, for example, will tell you that the evidence can be found in the blood on the floor — their blood, on what used to be their floor. American and European metals industries and producers of wind turbines and solar panels will echo that same impression...Read more

How companies are coping with evolving business ecosystems in a digital worldHow companies are coping with evolving business ecosystems in a digital world

Throughout the world, businesses operate in a broader network of related organizations offering products and services that serve customer needs. A business ecosystem is where a network of inter-linked companies encompassing various stakeholders provides value based offerings through their products and services to the customers.

It has been observed that there is a shift in the rules of business as we transit from a classic manufacturing economy to digital based economy. Earlier, companies viewed each other as rivals battling for market share and profitability. But today, as organizations operate in a complex business environment, it is imperative that rather than battle, it is essential to effectively collaborate and work together innovatively to survive and overcome the challenges of globalization...Read more

Artificial intelligence startup wave: A look at the key players

A clutch of ventures has made some early progress in the rapidly emerging field of artificial intelligence, but runaway commercial success may take some time...Read more

Slow Deciders Make Better StrategistsSlow Deciders Make Better Strategists

There are many ways to split people into two groups. Young and old. Rich and poor. Us and them. The 98% who can do arithmetic and the 3% who cannot. Those who split people into two groups and those who don’t.

Then there’s the people who make good competitive-strategy decisions, and those who don’t.

It’s not easy to split people into the good/bad strategy decision-makers. Track records are useful but they’re not unambiguous, and those getting started have no track records at all. General intelligence and business degrees seem to be good signs, but smart people with business degrees don’t agree on what works in strategy. Veterans with specific industry expertise look promising, but so do outsiders with new ideas...Read more

Made in India or serve in India?

While there is a noticeable direct correlation between growth of manufacturing with value addition (MVA) and reduction of poverty, most advanced economies have reached the stage where services contribute the maximum to their GDP. 'Made in India' may be an economic mantra, but India too is trending towards the...Read more

For Innovators, a Drawback to Data AnalyticsFor Innovators, a Drawback to Data Analytics

Bottom Line: Number crunching can be valuable for firms exploiting their existing resources, but can backfire for companies seeking to branch out with new products or services.

As companies have gained more and more access to information about consumers, competitors, partners, and suppliers, their use of data analytics to inform their decisions has skyrocketed. Reliance on managers’ gut instincts is increasingly a thing of the past. Now, decisions are made by crunching the numbers from such sources as social networks, Internet click-through patterns, search engines, and commercial databases, which, especially when combined, can give firms valuable data about the opinions and behaviors of consumers and other companies...Read more

Reverse e-auction for power projects in the pipelineReverse e-auction for power projects in the pipeline

NEW DELHI: The government plans to invite bids from private and public companies for interstate power transmission projects through reverse electronic auction on build-operate-own (BOO) basis for 35 years.

The power ministry and state-run auctioneer MSTC will soon launch a bidding platform to shift from the present manual auction process to determine the lowest bidder. The transparent reverse auction process will enable bidders to revise their bids during the live bidding process, a government official said...Read more

How to Find and Engage Authentic Informal LeaderHow to Find and Engage Authentic Informal Leader

In a recent article, “10 Principles of Organizational Culture,” strategy+business highlighted how crucial it is to deploy authentic informal leaders (AILs). As the acronym suggests, AILs are not people in your organization who have been endowed with formal authority by title or by memo. Rather, they possess and exhibit certain leadership strengths such as the ability to do something important well and showing others how to do it (exemplars), or they demonstrate the skill of connecting people across the organization (networkers). Some AILs influence behavior by being the first to understand the value of a new trend (early adopters) or by instinctively associating peers’ positive feelings with day-to-day activities (pride builders). These strengths — which my colleagues at the Katzenbach Center and I refer to as “spikes” — can make AILs powerful allies in any transformation effort...Read more

These are the top 10 companies to work for in India in 2016 and there are no surprises for Number OneThese are the top 10 companies to work for in India in 2016 and there are no surprises for Number One

A company doesn't necessarily become successful based on its balance sheets. To remain on the top of the ladder, a company also has to take the entire workforce together and have a slew of facilities to keep the employees sticking.

Innovation also plays an important role in taking a company to the top. After all, who does not want to work with top companies?

Talking about top companies, a survey - The Economic Times-Great Places to Work study - has listed out top 10 companies in India to work for.The survey had 791 participants and interviewed 1.55 lakh employees...Read more

Keeping the Zeal of a Startup as You ScaleKeeping the Zeal of a Startup as You Scale

There are many reasons that founder-led companies are so good at disrupting industries and making life miserable for slow-moving incumbents. But perhaps the most powerful is that founders create great insurgencies. They ignore established industry rules and boundaries. They create better ways to solve old problems. They disdain anything that blurs their focus on the front line. From top to bottom, they are at war against the industry leaders on behalf of underserved customers...Read more

Three sectors raking in the moolah from investors

Tech-led startups looking to address issues in the education, health care and transport sectors are raking in the moolah from investors...Read more

These jobs didn’t exist 10 years ago

Jobs that exist now were never heard of a decade ago. In 2006, Facebook was in its infancy, Twitter was being launched, and nobody had iPhones. Cut to 2016, the world is a very different place, and so is the workplace...Read more

Building Strategic Capability through Good WorksBuilding Strategic Capability through Good Works

Corporate philanthropy is big business these days. In 2014, according to a study by the Committee Encouraging Corporate Philanthropy and the Conference Board, companies gave more than US$18 billion in cash and in-kind contributions. But for most companies, these are ancillary efforts, with little or no bearing on core operations. Whether a firm sells hammers and nails, manufactures components that propel spaceships to Mars, or merely exists in the cloud, it may sponsor the local symphony or provide scholarships to worthy students. And it might even change its giving portfolio from year to year. Choosing the recipients is a relatively easy decision because the impact on the company itself is negligible...Read more

Product innovation key for payment banks' success

MUMBAI: Low-value investment and goal-based savings products can inculcate a savings habit, which in turn, will prove beneficial for payment banks as well as overall financial system, says a report...Read more

India's Best CEOs 2015

India's Best CEOs 2015 survey is based on the past three-year medium-term performance. Business Today features the top 18 CEOs across all industries...Read more

The Best Companies Invest Aggressively in These 3 AreasThe Best Companies Invest Aggressively in These 3 Areas

When it comes to investments, here’s a general truth: the larger a company gets, the smaller it thinks. The process is insidious, and companies must always be on the lookout for signs that it is setting in. If you want your business to grow sustainably at scale, you need to figure out how to make big investments that will best differentiate you in your core.

We were reminded of this a few years ago, when we studied a major European conglomerate with more than 50 distinct businesses spread across dozens of markets. The company had experienced no organic growth in over a decade, the stock price had melted away and it was seeking growth in all the wrong places. We soon figured out why...Read more

E-auction process starts for FM channels in 92 citiesE-auction process starts for FM channels in 92 cities

NEW DELHI: The government on Monday initiated the process for e-auctioning 266 FM radio channels in 92 cities, including strategically important areas like border towns of Jammu & Kashmir and the northeast.

The information and broadcasting (I&B) ministry issued the notice inviting applications with a deadline for August 1. The much-anticipated move is expected to bring radio services to small towns and cities. The Modi government has been instrumental in popularising radio through his monthly talk show 'Mann Ki Baat'...Read more

Tata Sons to invest another Rs 3,000 cr into Tata TeleservicesTata Sons to invest another Rs 3,000 cr into Tata Teleservices

After investing Rs 4,500 crore in the last two years, Tata Sons, the holding company of the Tata Group of companies, will have to pump in another Rs 3,000 crore into its unlisted subsidiary, Tata Teleservices through the Compulsory Convertible Preference Shares (CCPS) route. The board of Tata Teleservices approved CCPS issue on rights basis to its shareholders on June 24th.

Tata Teleservices, in turn, is expected to invest the funds in Tata Teleservices (Maharashtra) Ltd’s redeemable preference shares worth a similar amount. The fresh fund infusion into loss-making Tata Teleservices comes in the backdrop of the London Court of Arbitration,..Read more

Reverse Innovation

Start with developing markets, and then work your way backward. For more, read "What Engineering a Reverse Innovation Looks Like"...Read more

US' Reinsurance Group gets initial nod to set up India branchUS' Reinsurance Group gets initial nod to set up India branch

US-based life and health reinsurer Reinsurance Group of America (RGA) has received the first level approval regulator Irdai to set up a branch in the country, a company official said today.

The Insurance Regulatory and Development Authority of India (Irdai) has approved R-1 (requisition for registration) application of the company. The nod was given by the regulator at its board meeting held in Hyderabad yesterday, the official said.

The company will now apply for final approval R-2, which is likely to be cleared by Irdai during its next board meeting, the official added...Read more

Green energy: SBI inks $625 million deal with World BankGreen energy: SBI inks $625 million deal with World Bank

MUMBAI: Banking behemoth the State Bank of India has gone global to support clean energy, seen as a key to meet the country's mammoth power requirement while protecting the environment.

The bank has inked an agreement with the World Bank (WB) for a $625 million credit facility, aimed at supporting solar energy, the lender said in a release issued on Saturday.

"With around 300 days of sunshine every year, India has among the best conditions in the world to harness solar energy, said Onno Ruhl, country director, World Bank India. "The rapid expansion of solar power can improve the quality of life for millions of Indians, especially for its poorest citizens"...Read more

Which MBAs Make More: Consultants or Small-Business Owners?Which MBAs Make More: Consultants or Small-Business Owners?

Compensation is, of course, more than money. It includes other aspects such as: how much you enjoy your career, whether it provides fulfillment, how much flexibility you get and how much influence you have over what you do and when you do it.

In our work studying entrepreneurship-through-acquisition (EtA) — in which individuals purchase an existing small business to own and run themselves — we’ve found that most graduating MBA students agree that being the CEO of a small firm dominates traditional post-MBA careers like consulting, investment banking, private equity, and the like on these non-pecuniary dimensions. Owners of small businesses can set their own hours, make their own management decisions, and take pride in the ownership of their work...Read more

Ecommerce Global Financing History

More deals are being struck by e-commerce companies around the world, but the amount of funding flowing to them is dropping steadily. Growth is tapering and funds seem to be going to later-stage companies...Read more

These Five Behaviors Can Create an Innovation CultureThese Five Behaviors Can Create an Innovation Culture

Many companies want to establish a culture of innovation, one that will encourage employees to take risks that lead to breakthrough products. But how exactly to build this type of culture often eludes senior leaders — threatening the success of their innovation initiatives.

Interestingly, it may be that their focus on culture is what’s holding them back. They are thinking about the big picture, instead of instituting the changes that would actually enable that picture to exist. Culture is the net effect of shared behaviors, and therefore adopting innovative behaviors must come first. You change the culture by becoming more innovative — not the other way around...Read more