What Great Managers Do

Exceptional managers find and capitalize on their employees' unique strengths. Learn how they do it with this 6 minute video slide deck"...Read more

How robots are helping Dynamic maintain a sound financial futureHow robots are helping Dynamic maintain a sound financial future

NEW YORK: The robots were Joe McGillivray’s idea. The first one arrived at Dynamic Group in Ramsey, Minn.

McGillivray is the 38-year-old chief executive of Dynamic, a maker of molds for the mass production of small plastic and metal parts, from 3M Scotch-tape dispensers to bullets. The company was founded 40 years ago by his father, Peter and his friend Dave Kalina, both tool and die makers, in Kalina’s basement. Machining like theirs is labour-intensive

Even as the business expanded to more than 100 employees in two warehouses in Ramsey many of its customers switched to competitors overseas, induced by improvements in the technologies of developing nations coupled with falling trade barriers...Read more

Nokia's Surprising Smartphone StrategyNokia's Surprising Smartphone Strategy

What’s Finnish for “when they go high, we go low?”

As the world’s geekerati descend on Barcelona for Mobile World Congress 2017, there is an excitement in the digital air. The Nokia name is back. Europe’s former smartphone juggernaut has resurfaced, promising new handsets, the return of a familiar name and some serious competition for Apple, Samsung, and the rest of the Android ecosystem.

Just don’t expect the big story to be the killer high-end smartphone that does everything you could possibly dream off. That’s not how Finland’s smartphones work in 2017...Read more

What Mark Zuckerberg  Understands About Corporate Purpose

Last week Mark Zuckerberg published a strong defense of both globalization and Facebook’s business model. In a nearly 6,000-word letter, he argued persuasively that Facebook thrives under a globalized socioeconomic system, where barriers to information, labor, capital, and products are minimal...Read more

CCEA approves 40,000-mw solar park scheme CCEA Approves  40,000-mw Solar Park Scheme

NEW DELHI: In a major push for solar power development in the country, a cabinet panel on Wednesday approved increasing the capacity of solar parks and projects from 20,000 MW to 40,000 MW.

"The enhanced capacity would ensure setting up of at least 50 solar parks -- each with a capacity of 500 MW and above -- in various parts of the country," Power and Renewable Energy Minister Piyush Goyal told reporters following a meeting here of the Cabinet Committee on Economic Affairs (CCEA)

"The capacity of the solar park scheme has been enhanced after considering the demand for additional solar parks from the states," he said. ...Read more

Here's How India Is Becoming A Hub For Smartphone Manufacturing In South AsiaHere's How India Is Becoming A Hub For Smartphone Manufacturing In South Asia

According to a recently released Government of India report, the mobile industry's contribution to the country’s GDP currently stands at 6.5% ($140 billion) and is likely to become 8.2% by 2020. Mobile manufacturing units generated 38,300 new jobs in last two years with Taiwanese electronics company Foxconn being the top employer with a workforce of 8,000. As India becomes the fastest growing smartphone market in the world, the Indian handset industry is poised to overtake America as the second largest market in next few years. This growth potential of the mobile sector has resulted in the government taking a slew of measures to ensure manufacturing under its “Make in India” initiative is centered on this lucrative sector...Read more

Curing the Addiction to Growth

Companies in all industries eventually see their revenue growth slow. Retailers are no exception. Fickle consumers, intense competition, changing markets, and the rapid encroachment of online retailing all combine to exert pressure on the top line. The retail graveyard is filled with chains such as Circuit City, Austin Reed, Linens ’n Things, Loehmann’s, British Home Stores, RadioShack, and the Sports Authority—that expanded rapidly and then, faced with declining growth, couldn’t find ways to change course...Read more

Britannia signs MoU with Greece’s Chipita for joint venture in IndiaBritannia signs MoU with Greece’s Chipita for joint venture in India

BENGALURU: Eight years after India's biggest cookies maker lost its taste for partnerships in foods, Britannia IndustriesBSE 0.27 % invited Greek baker Chipita to make rolls, croissants, and other dough products in a joint venture to meet the demands of a rapidly urbaniSing home market.

We've signed a non-binding MoU and are working towards formalising a joint venture. We see immense scale through this partnership, since the categories are highly scalable and are bridge products between biscuits, chocolates and fresh bakery, at competitive prices," BritanniaBSE 0.27 % managing director Varun Berry told ET in an exclusive chat, ahead of the formal announcement, which is expected over the next couple of weeks...Read more

The secret to corporate relevance: Making organisations attractive to MillennialsThe secret to corporate relevance: Making organisations attractive to Millennials

Jean N Case, celebrated corporate thinker and CEO of the Case Foundation, has rightly caught the pulse of Millennials at workplace with her words, “Millennials are driving a fundamental change in the way we think about corporate culture and what we see as the potential for impact in the social sector by both companies and employees.”

Her thoughts are echoed by a recent Deloitte’s Millennial Survey 2016, where 52 percent of Millennials surveyed in India say: If given a choice, they expect to leave their current employers in the next two years. Millennials are moving away from the age-old ways that exist in the Indian corporate culture where fulfilling orders by their superiors and working more hours is a matter of honour...Read more

How Sanjay Lalbhai & Pankaj Chandra are trying to build a unique university in Ahmedabad How Sanjay Lalbhai & Pankaj Chandra are trying to build a unique university in Ahmedabad

When Kevin Naik wanted to do a PhD at the interface of robotics and Internet of Things, it wasn’t Ahmedabad University (AU) that first came to mind. Like many his age, he first wrote to professors at three IITs— Delhi, Mumbai and Gandhinagar. The IIT faculty had clear research goals for themselves and their groups and Naik’s plans didn’t quite fit in. That’s when he looked to AU, where he found a willing professor – along with freedom to develop his own interests in a PhD.Robotics and IoT are an unusual combination,” says Naik. “So only a small faculty is working in this area...Read more

Budget 2017: What it means for auto industry

January sales numbers were mixed with some companies showcasing higher numbers while others reporting flat or lower figures. Most companies though expect budgetary announcements to boost the sector...Read more

 Reliance Jio announces strategic tie-up with Uber Reliance Jio announces strategic tie-up with Uber

Expanding the bouquet of services on its rapidly growing digital services network, Reliance Jio Infocomm, the 4G broadband wireless services arm of Reliance Industries Ltd, announced a strategic tie-up with cab-hailing platform Uber on Monday.

“As part of the partnership, Jio and Uber will work together and explore various opportunities to progressively enrich and enhance the Digital Life experience of their users through complementary programmes,” a statement issued by both the companies said.

To begin with, JioMoney, Jio’s payment wallet, and Uber announced an agreement on Monday whereby Uber users can use their JioMoney wallet to pay for their Uber rides...Read more

Havells acquires Lloyd Consumer for Rs 1,600 crore

Consumer electrical major Havells India Limited on Sunday announced to the Indian bourses that its board has approved the acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer) from Lloyd Electric & Engineering Ltd for an enterprise value of Rs 1,600 crore...Read more

Managing transitions in family businessesBirth of telecom giants: New pecking order can make battlefield more daunting for Reliance Jio

NEW DELHI: If Reliance Communications-Aircel, Tata TeleservicesBSE 6.62 % and MTS come together—as the latest buzz indicates—they can birth a giant that can frustrate new entrant Reliance Jio's plans to pitchfork itself into the telecom market on the back of freebies.

Indian telecom sector is moving towards major consolidation. Vodafone and Idea have already declared a merger.

If Reliance Communications-Aircel, Tata Teleservices and MTS merge, they could create a strong 3 telco behind the proposed Vodafone-Idea combine and The merger will alter the pecking order in the telecom sector...Read more

Managing transitions in family businessesBreak the Rules of How Business is Done

In addition to creating a new company that is disrupting the status quo, many founders are also challenging the old norms of how businesses operate in order to add value. When you are struggling to raise capital, hire, and scale your business, is there time and energy available to also rethink how you do business in general? How much effort do you want to put in to stand out as a company not only creating something spectacular, but also a company that differentiates itself as an employer? What truly matters in the end is whether that transformational effort adds value...Read more

When Was the Last Time You Took On a New Challenge?When Was the Last Time You Took On a New Challenge?

Each January brings a renewed desire to challenge ourselves and learn something new. But by February the energy starts to wane. Becoming proficient at something takes too much time, we lose motivation to practice, we struggle to pay attention in class after a long day at work — the list of reasons goes on.

I recently came across some motivation to stick with a new pursuit. A few weeks ago I read an article in the New York Times about “superagers,” people who function at extremely high levels (academically, professionally, and physically) well into their eighties. Their performance on tests of memory and concentration is comparable to people one-third their age...Read more

Nasscom launches Leadership Resource Centre in association with IIM-BNasscom launches Leadership Resource Centre in association with IIM-B

Industry body Nasscom today announced the launch of a ‘Leadership Resource Centre’ in partnership with the Indian Institute of Management, Bangalore (IIM-B), on the sidelines of third and final day of the Nasscom India Leadership Forum 2017 in Mumbai.

At a time when industries are being disrupted by advances in technology, the Nasscom Leadership Resource Centre (LRC) aims to develop the requisite skills and leadership competencies among future leaders. “As part of digital disruption multiple skills will become high in demand, among them will be pervasive leadership skills. Future leaders will require different skillsets to be able to effectively meet and address dynamically evolving business imperatives,” said Sushma Rajagopalan, chairperson of the Nasscom IT services council (NITSC), at a press conference announcing the launch. It was cited that India will need more than 500,000 leaders with new skill sets by 2025...Read more

You Should Consider Buying a Small Business. But When?You Should Consider Buying a Small Business. But When?

For the past five years, we have taught a course at Harvard Business School that prepares students to search for, purchase, and run a small business. The course is always taught in the spring term of the second year of the two-year program, and indeed, as graduation looms, our students have to decide whether they will look for a company to buy and, if so, when to do it. Each year roughly a third of the 80 or so students decide to begin their search right after graduation; a third decide that the career path doesn’t make sense for them, at least in the near term; and a third tell us they plan to work for a few years, learn a bit more about business, fulfill some obligations, pay off some debts, but that surely, in two years or less, they will be searching for a business to buy...Read more

Government gives green signal to merger of SBI and its five associate banks

The Cabinet approved a proposal to merge the five subsidiaries of State Bank of IndiaBSE 0.56 % with the parent, kick-starting consolidation among public sector lenders...Read more

Turning One Thousand Customers into One Million

Few companies in the past few years have rocketed to success faster than Uber, Airbnb, and Etsy, which together have transformed the way we hail a cab, plan a vacation, and shop for handmade gifts, respectively. In a previous HBS Working Knowledge article, How Uber, Airbnb, and Etsy Attracted Their First 1,000 Customers, we explored how these two-sided platforms got their start and attracted a significant number of early adopters based on a Harvard Business School case that professor Teixeira wrote with Morgan Brown...Read more

Managing transitions in family businessesA Refresher on Discovery-Driven Planning

You’re working on a new venture and you know you’ve got to create a plan to execute it. So you look at past projects, gather and analyze relevant market data, make predictions about how much revenue you’ll be able to generate, decide what resources you’ll need, and set milestones to reach your targets. Right? Not so fast. That process might work for conventional or ongoing business lines, but new ventures, which are less predictable, require a different set of planning and control tools. That’s where the discovery-driven planning (DDP) process comes in...Read more

Managing transitions in family businessesE-commerce expected to touch $ 50-55 billion by 2021: Study

MUMBAI: E-commerce market is expected to be at $ 50-55 billion by 2021 from the current $ 6-8 billion, according to a recent report.

The report by Retailers Association of India and Boston Consulting Group revealed that on decoding the digital opportunity sectors that could see maximum e-commerce penetration would be consumer electronics, apparel, homeware and furniture, luxury, health, FMCG and food and grocery.

By 2025, consumer electronics would see maximum penetration of e-commerce between 38-42 per cent compared to 13-15 per cent currently, while food and grocery could see the least growth with 1-3 per cent of e-commerce penetration from under 1 per cent currently, the report noted...Read more

Managing transitions in family businessesManaging transitions in family businesses

The distinguishing features of family businesses are their longevity and trans-generational continuity. The underpinnings of these features of family businesses are their ability to impart the family values, identity and the business knowledge in the younger members of the family so that when the time comes for the elder generation to move out, the younger members are able to take on the reigns and continue with the task of nurturing the business health and family wealth. The realized experiences of family businesses on this count are varied. While many top Indian business houses that dominated the seventies and eighties have continued to thrive and have retained their identity, there are also many family businesses that have failed to master this process of trans-generational transition...Read more

Internet of Things to grow rapidly in India by 2020: ReportInternet of Things to grow rapidly in India by 2020: Report

NEW DELHI: Internet of Things (IoT) units in India are expected to see a rapid 31-fold growth to reach 1.9 billion by 2020, Deloitte predicted on Monday, adding that the market value of IoT is expected to reach $9 billion by 2020.

IoT is going to be the next big thing for operators as India will rapidly grow into a hub for IoT solutions.

"With advances in reliability, accuracy and technology of advance tech measures such as biometric authentication, digitisation will gain popularity in various business applications," the company said in a statement...Read more

Hindustan Motors sells iconic Ambassador car brand to PeugeotHindustan Motors sells iconic Ambassador car brand to Peugeot

KOLKATA: Ambassador, the iconic Indian car brand that till less than a decade ago carried both the Prime Minister and the common man, is being sold to French carmaker Peugeot.

The C K Birla Group-owned Hindustan MotorsBSE 8.18 % formalised the deal for Rs 80 crore on Friday. Production of Ambassador cars had stopped around three years ago.

"We have executed an agreement with the Peugeot SA Group for the sale of the brand Ambassador, including the trademarks... We intend to use the proceeds from the sale to clear dues of employees and lenders," a CK Birla Group spokesperson said...Read more

These Are 4 Sectors Of Indian Startups That Have Gained From Budget 2017These Are 4 Sectors Of Indian Startups That Have Gained From Budget 2017

Every year, India waits with bated breath for the presentation of the country’s budget, which impacts the financial fortunes of its citizens, big corporations and startups alike, for the forthcoming year. In February, Budget 2017 was presented at a time when the Overall Business Confidence Index (OBCI) had slipped to a fourth quarter low of 58.2. "The fall in overall index value was largely on account of the weakness that has gripped the performance of corporate India on account of demonetization and their assessment of the current state of economy," said FICCI’s Business Confidence Index...Read more

Zoom Air, new Indian airline to start commercial operations from Feb 15Zoom Air, new Indian airline to start commercial operations from Feb 15

Taking wings, Zoom Air on Sunday flew its inaugural flight from the national capital and will start commercial operations from February 15.

The CRJ 200 LR plane landed at the Kazi Nazrul Islam Airport, Durgapur, at 1339 hours, where it was accorded the traditional water canon salute.

Zoom Air has became the 12th operational domestic carrier. The airline would start commercial services from February 15 with a flight to Durgapur via Kolkata from New Delhi...Read more

How Systems Engineering Can Help Fix Health CareHow Systems Engineering Can Help Fix Health Care

crew to identify the best cabin, wings, jet engines, and other parts, and then put all the pieces together. A plane developed that way wouldn’t fly. The company begins with a goal, such as safely carrying 250 passengers nonstop from New York to London in under six hours, and follows a disciplined approach to identify the components and subsystems that meet those requirements.

By contrast, the way we build hospitals and clinics typically happens in a piecemeal, patchwork approach. Institutions purchase hundreds of individual, siloed technologies — each with its own work processes, training...Read more

Mobile payments to overtake physical card spends in 2017

MUMBAI: Mobile and digital payments will overtake physical card payments as the predominant non-cash payment mode in India in 2017, driven by demonetisation. The possibility has been expressed by Deloitte India in its report titled ‘Technology, Media and Telecommunications (TMT) Predictions 2017’...Read more

Finally, Proof That Managing for the Long Term Pays OffFinally, Proof That Managing for the Long Term Pays Off

Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations. This has long seemed intuitively true to us. We’ve seen companies such as Unilever, AT&T, and Amazon succeed by sticking resolutely to a long-term view. And yet we have not had the comprehensive data needed to quantify the payoff from managing for the long term — until now.

New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global, found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters...Read more

Indian e-tail industry grew by 12 per cent to $14.5 billion in 2016: ReportIndian e-tail industry grew by 12 per cent to $14.5 billion in 2016: Report

After a whopping 180 per cent growth in 2015, the Indian e-tailing industry expanded by merely 12 per cent in 2016 to clock revenues of $14.5 billion, research firm RedSeer today said.

According to RedSeer, the biggest impact of this "adverse market condition" was faced by established players like Flipkart and Snapdeal, whose growth remained flat, if not worsened

However, new entrants like Amazon have succeeded in altering the market share game and captured big portion of the aggressively-contested industry, it added...Read more

A Few Unicorns Are No Substitute for a Competitive, Innovative EconomyA Few Unicorns Are No Substitute for a Competitive, Innovative Economy

The world’s unicorns, VC-backed startups worth more than $1 billion, have been getting a lot of press lately. At the moment, Google News lists about 16 million results for Uber and 7 million results for Snapchat. By contrast, there are fewer than 3.5 million stories about Walmart, 2.6 million about General Motors, and fewer than 700,000 focused on Exxon. Unicorns are to business journalists what Kim Kardashian is to Instagram users.

All this excitement about the unicorns is understandable — up to a point. Many of them have been growing at a ferocious pace. For instance, Snapchat’s recent IPO filing revealed that the company grew revenues by 600% (to $404 million) in 2016...Read more

Data-driven decision making: Closing the skills gap

Kristina McElheran, assistant professor of Strategic Management at Rotman on navigating the realm of data-driven decision making...Read more

How to Overcome Executive IsolationHow to Overcome Executive Isolation

The loneliness that often comes with being a CEO may seem like a small price to pay for the rewards, recognition, and power that come with the job. As the old joke goes, “It might be lonely at the top, but the view is terrific.”

But being isolated at the top can compromise your decision making and leadership effectiveness, both of which require having as much firsthand information about a situation as possible. Senior executives tend to be shielded from organizational problems and data; they are given limited and filtered information about their operations, employees, and customers. While time constraints make some of this filtering necessary, having a layer of handlers who make their own decisions about what the leader should or shouldn’t see exacerbates the isolation...Read more

Nine buttons Arun Jaitley pressed for digital economy

The government continues its push for a digital, less-cash economy after the big-bang measure of demonetisation in November last year. Budget 2017 proposes crucial steps to replace cash with digital transactions...Read more

How the U.S. Marines Encourage Service-Based LeadershipHow the U.S. Marines Encourage Service-Based Leadership

Most of us feel that we’re completely stretched to capacity at work and have nothing left to give. But according to a recent Gallup poll, 70% of the workforce is either “actively disengaged” or “not engaged,” meaning there are millions of professionals who have discretionary effort — effort they could give if they felt motivated and inspired. Gallup estimates that this disengagement costs the U.S. $450–$550 billion in lost productivity each year, which doesn’t even account for opportunity costs. When employees are busy and disengaged, businesses are missing out on cost-saving ideas and innovations that could be developed from the bottom up...Read more

The Science Behind Intuition And How You Can Use It To Get Ahead At Work

Like many high-performers, I'm looking for that extra edge to help me get ahead in life and work. I believe that the best edge is being authentically yourself and playing up your unique strengths. There is nothing more “you” than listening to your gut. And the science behind intuition or gut-feeling, suggests that this just might be the superpower we should be tapping into to give us the leg-up at work...Read more

Zipcar Doesn’t Just Ask Employees to InnovateZipcar Doesn’t Just Ask Employees to Innovate — It Shows Them How

Innovative companies have innovative cultures. Always. Think of Google, or of how GE has sustained an innovation culture that goes back to its founding father, Thomas Edison. Today GE has once again reinvented itself, as “the digital industrial company” — not bad for an organization founded in 1892.

As mysterious as it can sound, creating a culture of innovation isn’t rocket science. The dynamics are simple: Employees have experiences that come from leaders’ conscious and unconscious decisions and behaviors. Those experiences shape assumptions about what behavior is desirable or undesirable. If you want to change your employees’ behavior, it’s easier to create new or different experiences to shift their assumptions than to directly assail the assumptions themselves...Read more

Why Richard Branson Says You Should Never See Yourself As 'Big Business'Why Richard Branson Says You Should Never See Yourself As 'Big Business'

It’s a challenge facing every business founder with an eye on global expansion; how to retain the entrepreneurial culture on which their business was built as it starts to grow.

As many have discovered, as their company expands, their startup culture gets diluted out, along with the vision and values that underpin their brand. So what can entrepreneurs do to preserve the culture and ethos of their startup as they scale up?...Read more

India Inc reacts to Budget 2017-18

The Finance Minister Arun Jaitley presented the Union Budget before the Parliament, on February 1, 2017. Here are some reactions from members of corporate India...Read more

Why Purpose Should Be A Pivotal Part Of Your Business StrategyWhy Purpose Should Be A Pivotal Part Of Your Business Strategy

The secret to better and bigger work may not be better and bigger numbers. A recent study from Korn Ferry showed that companies with teams focused on their organization’s purpose had annual growth rates nearly three times the annual rate for their entire industry.

According to the survey, 90% of people who worked in a purpose-driven organization reported feeling engaged in their work. In companies that aren’t as focused on purpose, only 32 percent of employees reported feelings of engagement and connectedness with the work they were doing...Read more

Where the Rupee will come from and how it will be spent in 2017-18

Here’s a look at how the govt will collect the money that it will need to spend as per FM Jaitley's Budget 2017. ...Read more

Why CEOs Need To Become 'Consumer Scientists'

In recent days there has been extensive discussion of claims that Donald Trump owes his victory in the recent presidential election at least in part to Big Data. This is something of a surprise to observers since – although it has been widely reported that Hillary Clinton and, before her, Barack Obama had recruited hordes of bright young computer scientists to drive their campaigns – it had been assumed that Trump relied on more traditional means of connecting with voters. Things like rallies, slogans and appeals to the fears and beliefs of “ordinary people.” Indeed, the man himself has insisted he used his “gut” in campaigning and regarded Big Data as over-rated...Read more

India ranks 92nd in Global Talent Competitiveness Index 2017India ranks 92nd in Global Talent Competitiveness Index 2017

India is ranked 92nd in the latest Global Talent Competitiveness Index 2017, among the 118 countries compared, based on their ability to grow, attract and retain talent.

The Global Talent Competitiveness Index (GTCI) is an annual benchmarking report that measures the ability of countries to compete for talent. The GTCI combines the academic research and expertise of INSEAD, Singapore’s Human Capital Leadership Institute (HCLI) and The Adecco Group.

“The 2017 GTCI study focuses on how technology is affecting talent competitiveness and the nature of work, exploring both significant challenges and opportunities, and important shifts away from traditional working approaches,” INSEAD says on its website...Read more

Vodafone-Idea Cellular merger may improve financial health of telecom industryVodafone-Idea Cellular merger may improve financial health of telecom industry

KOLKATA: A Vodafone-Idea Cellular merger is likely to improve the financial health of India’s debt-laden telecom industry in the long run through revenue growth, tariff stabilisation and a boost to customer experience, although it could pose challenges for market leader Bharti AirtelBSE 0.00 % and Mukesh Ambani’s Reliance Jio Infocomm, analysts and industry experts said.

Ex-Bharti Airtel CEO Sanjay Kapoor said a consolidation on this scale would improve the financial health and sustainability of the industry and improve coverage quality and customer experience...Read more

The Schools That Graduate The Most Billion-Dollar Startup FoundersThe Schools That Graduate The Most Billion-Dollar Startup Founders

Stanford is the winner by a mile, with 51. Harvard comes in a distant second, with 37. The University of California with its 10 campuses, trails in third place with 17, and the Indian Institute of Technology, at 13, comes in fourth. Graduating from a top school is no guarantee that your startup will hit the jackpot of a billion-dollar valuation. But according to Sage, a British accounting software firm, 172 of the 498 entrepreneurs who founded or co-founded the world’s 250 so-called “unicorns” got degrees from just 10 top universities.

Why care about unicorn founders? Since November 2013, when venture capitalist Aileen Lee coined the term in a TechCrunch article, the business world has come to see a $1 billion valuation as a benchmark for breakout success in the growing field of venture-backed startups...Read more