Be a Better Leader, Have a Richer Life

You can achieve wins in four domains of life at once–work, family, community, and self—following Friedman’s Total Leadership process. Learn how in this video slide deck. Download a customizable version here. For more, read "Be a Better Leader, Have a Richer Life."...Read more

The need for family businesses to stay relevantThe need for family businesses to stay relevant

The travails of Ferrero provide the latest news in a something which was known earlier, that the chocolate industry will have to take a hard look at itself. The FT also carried an article on Nestle and Lindt facing such pressures.

This is an increasing trend where the traditional family businesses, which have succeeded on the back of a super successful product, face challenging times where they face a possible decline for their flagship product. This is a situation, where the chocolate makers are currently facing, due to the growing trend towards healthier lifestyles have led to declines in growth rates. Recent findings from government authorities have shown the unhealthy impact of sugar and palm oil to human health...Read more

GST's red-carpet entry: Impact on consumers, traders, governmentGST's red-carpet entry: Impact on consumers, traders, government

With the biggest tax reform set to receive a red carpet welcome in Parliament's Central Hall when the clock strikes midnight on June 30, the Goods and Services Tax will irreversibly impact consumers, traders, businesses as well as the revenue collection machines of the states and the centre.

Though the real impact of the government's big-bang reform can be assessed only after a full year of its implementation, let us gauge its effect on the various aspects of trade, consumer prices and government revenue.

In many cases it may weigh heavily on your pockets while in others it may soothe the traders' frayed nerves with input tax credit. In terms of GST's effect on the government's revenue kitty, it seems to be on the wait and watch mode...Read more

Growing number of private and PSBs introducing humanoid robots to answer basic customer queries

If you walk into the head office of Canara Bank in Bengaluru, the first thing you are likely to encounter is a 4.5-feet tall Kannada-speaking robot called Mitra.

The robot, with a HD camera in its head and the Canara Bank logo on its chest, answers close to 500 frequently asked questions ranging from 'lift elidhe?' (Where is the lift?) to 'student loan yeshtu aguthe?' (How much is the student loan?) while zipping around at 15 km/hr...Read more

Young Managers Are More Effective At Their Job In These AreasYoung Managers Are More Effective At Their Job In These Areas

This story originally appeared on LearnVest as "Here's What Young Managers Are Doing Right."

Landed your first management role (and that nice pay bump) all before your 30th birthday? You're a rock star! You may still be worrying, though, about how you'll transition to this new role, and how you'll prove yourself to your older colleagues.

If anyone questions you, tell them this: Leaders under the age of 30 are more likely to run both an effective and fun team environment, according to the Harvard Business Review...Read more

How Uber, Airbnb, and Etsy Attracted Their First 1,000 CustomersHow Uber, Airbnb, and Etsy Attracted Their First 1,000 Customers

New businesses often struggle finding their first customers. The challenge is even more difficult with startups in the sharing economy that launch as platforms connecting independent service providers with consumers.

Take Uber. Its platform is two-sided, connecting people who need rides with people who have rides to offer. (Same idea as Airbnb, which connects people needing rooms with home-owners.) So to launch as a platform service, these companies need to find users on both the supply and demand sides.


The Benefits of Taking a Slower Approach to InnovationThe Benefits of Taking a Slower Approach to Innovation

In our experience, managers tend to focus their innovation efforts on processes that are either large in scale (new products and business models ) or swift in development (hackathons, rapid prototyping, or emerging platforms). There’s nothing wrong with this, per se, as both approaches can pay huge dividends. But there’s also another type of innovation that is more gradual and smaller in scale.

We call it slow innovation.

Slow innovation projects can be just as impactful in the long-term. However, they are difficult for organizations to propose, prioritize, and fund. Their scope and pace often run counter to the rhythms of company goals. Their extended timelines struggle to weather leadership change...Read more

Leaders are developed, not trainedLeaders are developed, not trained

Have you ever thought about this? Even though leadership has existed since the time human beings were born, why is there so much talk about it in recent times? Why are leadership and the study of leadership being taught as subjects of late?

It reminds me of an episode from I Love Lucy. For the younger lot, this was a black-and-white popular American physical comedy show. Lucy's husband Ricky Ricardo walks into the living room one day where he sees Lucy on all fours looking for something. He asks her what she was doing. She says she is looking for her earrings that she lost in the bedroom. Surprised, he asked her," Why are you looking for them here in the living room then?" She answers," Because there is more light here"...Read more

Amazon robots poised to revamp how Whole Foods warehouses are runAmazon robots poised to revamp how Whole Foods warehouses are run

When Inc.’s $13.7 billion bid to buy Whole Foods was announced, John Mackey, the grocer’s chief executive officer (CEO), addressed employees, gushing about Amazon’s technological innovation.

“We will be joining a company that’s visionary,” Mackey said, according to a transcript of the meeting. “I think we’re gonna get a lot of those innovations in our stores. I think we’re gonna see a lot of technology. I think you’re gonna see Whole Foods Market evolve in leaps and bounds.”

A major question about the acquisition is what Amazon’s technology will mean for those Whole Foods’ workers. Will it make their jobs obsolete?..Read more

The World's Largest Public Companies 2017The World's Largest Public Companies 2017

The 2017 Global 2000 is bigger and more valuable in the aggregate than last year's list, with higher sales, profits, assets and market values. The list as a whole is significantly more valuable from the year prior, with aggregate market capitalization up 10%. Here's how we crunched the numbers.

Despite slowing GDP figures, China and the U.S., whose companies make up more than 40% of the list, continue to dominate the top 10 list with financial giants including #1 Industrial and Commercial Bank of China (ICBC) and #4 JPMorgan Chase. China’s two-year stronghold of the top 3 spots was disrupted this year with Warren Buffett’s Berkshire Hathaway snagging the third spot, another signal that U.S. companies didn’t suffer terribly from market uncertainty that defined the year, as Berkshire owns many other American staple stocks...Read more

What Kind of Leader Do You Want to Be?What Kind of Leader Do You Want to Be?

Leadership has been around since tribes first emerged in primitive societies. Someone had to be the leader—likely the most assertive member of the tribe—but these early ancestors never read books on participative management.

When Peter Drucker spoke on leadership, he often referenced the structure of the Prussian army and its highly directive, top-down leadership style. Peter learned and taught from examples in history.

The contemporary discussion of leadership began in 1994 with the publication of On Becoming a Leader, a popular book written by Warren Bennis. At the time, Bennis was a highly respected professor at MIT’s Sloan School of Management. The book was well written and very accessible...Read more

Principles of Innovation: Getting Rid of YesterdayPrinciples of Innovation: Getting Rid of Yesterday

Too many organizations, management theorist Peter Drucker observed, devote resources to "preserving the past" when they should be allocated to "creating tomorrow." Dr. Robert Swaim - student, colleague, and friend of Drucker’s for almost thirty years – looks at Drucker’s Principles of Innovation and why companies must leave yesterday behind to better shape tomorrow.

Drucker’s Definition of Innovation:

"The large organization has to learn to innovate, or it will not survive"...Read more

Embrace a Culture of Self-Leadership to Stay Agile as You ScaleEmbrace a Culture of Self-Leadership to Stay Agile as You Scale

One of the greatest challenges for rapidly growing organizations is how to remain nimble in the midst of growth.

As companies scale, more processes are required to coordinate the growing workforce. And the additional management layers that come with them can slow an organization down.

It’s often the reason why large organizations become weighed down with bureaucracy while small companies remain quick and agile...Read more

The 4 Types of Innovation and the Problems They SolveThe 4 Types of Innovation and the Problems They Solve

One of the best innovation stories I’ve ever heard came to me from a senior executive at a leading tech firm. Apparently, his company had won a million-dollar contract to design a sensor that could detect pollutants at very small concentrations underwater. It was an unusually complex problem, so the firm set up a team of crack microchip designers, and they started putting their heads together.

About 45 minutes into their first working session, the marine biologist assigned to their team walked in with a bag of clams and set them on the table. Seeing the confused looks of the chip designers, he explained that clams can detect pollutants at just a few parts per million, and when that happens, they open their shells...Read more

Tomorrow's leadersTomorrow's leaders

Businesses of today need to navigate change rapidly. Whether it is the global market and the demands it places, or the disruptions which present themselves suddenly, leadership is more demanding than it ever was. Which is why today’s business leaders, as most experts will tell you, need to be flexible, nimble, innovative and ready to adapt to fast-changing conditions. The next generation, which is preparing to take over the reins at their family-owned businesses or even setting up ventures of their own, therefore have their task cut out. It’s a whole new world out there, and sitting in the corner room will hardly be easy...Read more

Cabinet to approve creating Rs2,000 crore startup fund by July-endCabinet to approve creating Rs2,000 crore startup fund by July-end

The Union cabinet is expected to approve setting up of a Rs2,000-crore credit guarantee fund by July-end with a view to provide funding facilities to start-ups, a top official said on Monday.

The secretary of the department of industrial policy and promotion (DIPP), Ramesh Abhishek, said the fund would be used to lend to startups without any collateral. He said that last week, the proposal was approved by the finance ministry. Under this, Rs2,000 crore will be disbursed over a period of three years.Read more

IITs, IIMs and Bennett University look to ignite entrepreneurial sparkIITs, IIMs and Bennett University look to ignite entrepreneurial spark

Next month, nine students from Bennett University will head to Babson College for a two-week startup boot camp to learn about entrepreneurship and brainstorm ideas with about 300 other college students from around the world.

This partnership with Babson Collaborative and the immersive experience will help strengthen the entrepreneurial culture being developed at Bennett University. About 10% of Bennett students are engaged with The Bennett Hatchery— the on-campus startup incubator that’s part of the Center for Innovation and Entrepreneurship at the university — in various stages of taking their startup ideas forward. The incubator handholds and mentors student startups, providing them business advice and market connects...Read more

How Corporations Can Achieve Radical Breakthroughs How Corporations Can Achieve Radical Breakthroughs

So many large corporations think gobbling up a young, fresh startup is their ticket to disruption.

For instance, the New York Times reported that Walmart recently purchased Bonobos, an online men’s apparel company founded in 2007, for $310 million. This deal size is a pittance compared to last year when the retail chain paid $3.3 billion for to establish themselves in e-commerce.

While Amazon controls 34% of all online consumer retail, it now has its sights set on another brick-and-mortar category: supermarkets. It announced on Friday that it has purchased Whole Foods (not a startup, but a company more than a decade its senior) for $13.4 billion...Read more

Lessons for entrepreneurs from the McDonald Brothers and Ray KrocLessons for entrepreneurs from the McDonald Brothers and Ray Kroc

On a recent flight in the USA I saw The Founder. It is a fascinating movie about the early days of McDonald’s Corporation, the world’s largest sellers of hamburgers. Besides being an engaging movie, it had a lot of lessons for entrepreneurs and investors.

The Founder is the story of how a passionate salesman, Ray Kroc, partnered with Mac and Dick McDonald to build out the McDonald’s franchise network. And how Ray ended up owning the company, made a fortune and cheated the McDonald brothers, who despite being the original creators of the fast food restaurant ended up with way less money than Ray...Read more

Why You Can’t Just Tell a Company “Be More Like a StartupWhy You Can’t Just Tell a Company “Be More Like a Startup”

As more and more companies face disruption from globalization, new technology, and startups that have more capital than the incumbents, the continuing cry from Wall Street investors is, “Why can’t companies be as innovative as startups?

Here’s one reason why:

Startups can do anything.

Companies can only do what’s legal...Read more

NGOs, social sector companies bank on innovation NGOs, social sector companies bank on innovation

Innovation -perhaps the most-discussed C-suite topic for global businesses -has till now largely been associated with IT, finance, manufacturing and various consumer-led businesses. But as scale takes a vantage seat, even non-profits and companies in the social sectors are driving change and impact through innovation. The primary touch points of social sector like health, education and livelihood are slowly but surely incorporating measures to drive results that can be transformative.

Disruption has spread across several levels to address challenges of cost, hiring, scale of operations and the issue being addressed...Read more

How to convince people you have a good ideaHow to convince people you have a good idea

So you have a good idea. Now what? Don’t make the mistake of thinking that everybody else will instantly recognise its brilliance, that they’ll share your enthusiasm or accept and adopt your new product or service. That’s unlikely to happen: even the best ideas require people to be convinced.

Two examples of highly successful products illustrate this nicely. One is Nespresso. Nestlé sells 10 billion Nespresso capsules every year. But in 1992, Nestlé had made the corporate decision to shut down Nespresso. Nestlé’s management decided it would never succeed and also feared cannibalising the company’s existing instant-coffee business. The fact that Nespresso survived is because somebody within that organisation did a good job of convincing the rest to stick with it. (You’ll find out who further down this article.)...Read more

Over 50 global retailers to enter India in 6 months, likely to open about 3,000 storesOver 50 global retailers to enter India in 6 months, likely to open about 3,000 stores

More than 50 mid-rung global retailers are planning to enter India within the next six months, according to data compiled by Franchise India that has tied up with them for their launches, with their eye mostly on smaller, untapped markets within the country.

Brands such as Korres, Migato, Evisu, Wallstreet English, Pasta Mania, Lush Addiction, Melting Pot, Yogurt Lab and Monnalisa, many from the US and Singapore, will invest about $300-500 million — all told to open roughly 3,000 stores, triggered by the country’s expanding economy, booming consumption, urbanising population and growing middle class...Read more

Leadership Insights: trust in the right people

In the second of our Leadership Insights films, Randall S Peterson invites four leading figures from the business world to talk about who they confide in and why.

Great confidants can be your eyes and ears in an organisation. They can tell you what’s really going on – at the right time, in the right way. They can tell you if you’re wrong and give you a valuably different perspective on a situation....Read more

Modern BPM Expectations

Discover how Business Process Management (BPM) can complement your Lean Six Sigma transformation and Lean BPM enhance the customer journey’s though enhanced connectivity. In this interview Stephen Willoughby, President & Principal Consultant Lean-BPM LLC, speaks to the PEX Network about the evolution of BPM and what's next for the BPM software market. Willoughby, also shares his top tip for BPM best practice...Read more

How to become a master innovator and gain the support to implement successfully

One of the most important and useful competencies that I learned as a general, was how to innovate and how to implement innovation. Both are essential and this knowledge and ability helped me to become and perform as a general, and in the civilian world as a senior executive and CEO as well. I also learned that unless you can do both, innovation by itself is a waste of time...Read more

India moves up six places to rank 60 in Global Innovation Index India moves up six places to rank 60 in Global Innovation Index

India’s position in the 2017 Global Innovation Index has moved up six ranks from last year to 60. The country has also proven itself to be the rising innovation centre of Asia by taking the top spot in central and southern Asia.

The Global Innovation Index (GII), co-authored by Cornell University, French business school Insead and the World Intellectual Property Organization (WIPO), surveys 127 economies, indexing their innovative activity by using metrics like patent filings, education spend and market sophistication...Read more

 Four Ways Managers Can Maximize Team Engagement Four Ways Managers Can Maximize Team Engagement

As an executive coach, I’ve found that the biggest mistake a manager can make is failing to keep individual team members engaged. Most managers are competent at driving the team to achieve results, but what separates the good managers from the great is the latter’s ability to create a path for growth for each individual on their team. Research by Gallup indicates that managers account for 70 percent of their employee engagement levels and those who maximize engagement can see an increase in productivity, profitability and satisfaction. Managers who fail to do this, however, are often left with unfulfilled team members who are more likely to leave the company...Read more

2D magnets discovered for first time 2D magnets discovered for first time

Scientists have for the first time discovered two-dimensional magnets that are formed by a single layer of atoms and may pave the way for more compact and efficient devices.

Magnetic materials form the basis of technologies that play increasingly pivotal roles in our lives today, including sensing and hard-disk data storage. For smaller and faster devices, researchers are seeking new magnetic materials that are more compact, more efficient and can be controlled using precise, reliable methods...Read more

A primer on changing perceptions regarding operational excellence

In my view, one of the most powerful resources that PEX publishes is their periodic “State of the Industry” reports. These reports provide significant insight into the current perception of the role that Operational Excellence (OpEx) functions and teams should play in the organization and the value they’re expected to provide. These reports also surface clear opportunities for Operational Excellence Leaders and Practitioners to improve the manner in which they support the goals and objectives of the organizations they serve...Read more

How customer experience is influencing product development How customer experience is influencing product development

Every day, 3.5 billion search queries are made on Google, nearly 1.09 billion people log on to Facebook and 30,000-plus new websites are created. It's clear that digital channels are often preferred by customers for researching, selecting and transacting with brands. In addition, customers today are increasingly vocal and have multiple options to voice their satisfaction or dissatisfaction, with many frequently turning to digital and social channels to express themselves.

Smart businesses are using this constant stream of customer feedback to their advantage. Even before they launch a product, modern marketers are tracking consumer voices, analysing data and incorporating the inputs into new product designs. Customer feedback has allowed numerous ground-breaking companies to find a solution to a market need, even before the consumers themselves are aware of that need...Read more

How to Communicate Clearly During Organizational ChangeHow to Communicate Clearly During Organizational Change

A former colleague liked to remind leaders of their impact by telling them, “There are children you’ve never met who know your name.” The point was simple: Their followers were also moms or dads who were going home and talking about their day in front of their children. And you, their leader, had a starring role in that story. As leaders, we are far more visible than we realize, and we are sending signals to followers all the time — even when we don’t realize it.

And while sending the right signals to our followers is important at any time, it is especially important during times of strategic change, when followers are trying to make sense of a new “ask” from the organization, in the context of all the existing asks they are grappling with...Read more

Encourage innovation: How to appreciate the dark horse and let loose imaginationEncourage innovation: How to appreciate the dark horse and let loose imagination

Come to think of it, every tangible object around us is an innovation. From glass to machinery, telephones to the internet, electricity to communication, all it took was an out-of-the-box thinking to enable the furtherance of human civilization.

Innovation is crucial to the constant evolution of our culture and is the process by which an idea translates into greater good. In corporate parlance, evolutionary innovations are deemed to bring in incremental advancements which are processed to simplify business solutions and achieve greater organisational goals. Synonymous with risk-taking and a confidence of reaching new markets and audiences with breakthrough thinking, innovators are the ones whom corporate managers anoint on a pedestal...Read more

Which Type of Entrepreneur Are You?

Chris Kuenne, entrepreneurship lecturer at Princeton, and John Danner, senior fellow at the Lester Center for Entrepreneurship at UC Berkeley’s Haas School of Business, talk about one of the least understood factors that leads to success at scale: the personality of the company founder...Read more

Electric cars could soon charge on the moveElectric cars could soon charge on the move

Nothing can ensure that electric cars keep going better than tech that charges cars on the go. May sound like sci-fi , but electric tracks could well be the breakthrough that revolutonise transportation by ending range anxiety, that is, how long before the car runs out of battery. Here’s bringing you up to speed...

* The tech involves embedding wireless charging hardware in road surfaces
* Recently US chipmaker Qualcomm demonstrated this on a test track at Satory Versailles, France
* The ‘DEVC’ (dynamic electric vehicle charging) tech could charge two vehicles on the same track embedded with the charging tech at up to 20kW while moving at high speed...Read more

The future is man with machineThe future is man with machine

The story of people working with robots is a story of humanity’s conflict-ridden quest for a better world. In this context, the word ‘robot’ has both a dark and a lighter side, fear of the unknown and its enormous potential. It is easy to be intimidated by the rapid development in robotics. The robots are regularly cast as the villains—as technology run amok depicted in science fiction with robots seeking world domination. The robot is not a conscious being. It is not possible to even create one. Robots are what we build them to be, and robots do what we program them to do—neither more nor less.

When asked how they envision a robot, most people either think of huge, unwieldy robots working in fenced-off areas in large factories. Or, they think of futuristic cyberbots mimicking human behaviour...Read more

Entrepreneurship and jobsEntrepreneurship and jobs

Nearly one million new workers will join the labour force every month in India for the next two decades. This is equivalent to the entire population of Sweden joining the labour force in India every year. The pace at which India creates new jobs will determine whether its demographic trend turns into a dividend or a disaster.

Our understanding of what can be done to accelerate the pace of job creation is still evolving. The experience of the US and other developed economies has shown that there is a strong link between entrepreneurship and jobs. Entrepreneurship helps allocate resources efficiently, strengthens competition among firms, supports innovation and new product designs, and promotes trade growth through product variety...Read more

Leadership and DecisionsLeadership and Decisions

Whatever we are today is the direct consequence of choices we made and decisions we took. Our karma cannot be shared. It is non-transferable.

Leadership, and indeed life itself, is primarily about making decisions. A decision that is as clearly a 50:50 option as batting or fielding after winning a toss is subjected to intense media analyses. Far greater, then, is the pressure on team leaders in today’s workplace, who rarely have clear options to choose from.

In this scenario, it is natural to go for the path of least resistance by passing the buck for ‘advice’, looking at creating a consensus or just deferring decision-making. This may serve to stabilise situations on an ad hoc basis but it is not the mark of a leader-in-the-making....Read more

Three Leadership Roles That Technology Can't ReplaceThree Leadership Roles That Technology Can't Replace

There is a "neomania" -- or a fascination with the new -- gripping our world. While self-driving cars roam our streets right here in Singapore, ominous headlines warn about the looming obsolescence of labour and management.

In a world where stores know that you are pregnant without asking, an algorithm will no doubt be developed that is better at detecting the signs of disaffected employees before managers do.

For those of us leaders who still want to keep our jobs, fear not: there are three important manager functions that even the best software cannot fulfil...Read more

Tata Motors junks designations for hierarchy free cultureTata Motors junks designations for hierarchy free culture

Tata Motors has initiated a no designation policy in its bid to create a hierarchy free culture in the company.

As part of the initiative all managers between L1-L5 grades who have a team reporting to them will use the job title ‘Head’ followed by the function/department.

Other employees, who are largely at the front end and do not have teams reporting into them, also known as individual contributors (IC4 - IC6), will only use the title of the function/department after their name...Read more

IIT-Bombay, IIT-Delhi, IISc among world's best institutes

The premier IIT-Bombay entered the big league of institutes globally by bagging the 179th position in the QS World Rankings released on Thursday. The premier institute jumped 40 positions, from 219th rank last year, to join IIT-Delhi and the Indian Institute of Science, Bangalore, in the elite club of top 200 universities. IIT-Delhi and IISc-Bangalore were among the top 200 since the last two years...Read more

Strategy Execution: A New ApproachStrategy Execution: A New Approach

As academic director of the new Effective Execution of Organizational Strategy program, Wharton management professor Nicolaj Siggelkow knew how he didn’t want to approach the subject. “Too often people are focused on just one piece,” he says. “They believe if they just get the right incentives or the right leader, implementation will follow. But if you don’t have the resources in place, for example, those things won’t matter. You need an entire set of interconnected elements to execute a strategy.

Siggelkow says the new program is designed to provide that holistic approach. He first considered all of the common barriers to execution, which fall into two main categories: motivation and resources. Motivation includes organizational culture and structure, incentives, and reporting lines. Resources include teams, HR, and capabilities that may lie outside the organization...Read more

Great Businesses Scale Their Learning, Not Just Their OperationsGreat Businesses Scale Their Learning, Not Just Their Operations

Ronald Coase nailed it back in 1937 when he identified scalable efficiency as the key driver of the growth of large institutions. It’s far easier and cheaper to coordinate the activities of a large number of people if they’re within one institution rather than spread out across many independent organizations.

But here’s the challenge. Scalable efficiency works best in stable environments that are not evolving rapidly. It also assumes that the constituencies served by these institutions will settle for standardized products and services that meet the lowest common denominator of need...Read more

India will become a $1 trillion digital economy in next 5-7 yearsIndia will become a $1 trillion digital economy in next 5-7 years

With initiatives like Make in India, Skill in India, Start-up India and Smart Cities, the government is aiming at a $1 trillion digital economy in the coming 5-7 years which includes communication, IT and IT enabled services, electronic manufacturing, e-commerce, digital payments and cyber security.

“The number is achievable because the communication industry's worth is $150 billion, IT and IT enabled services stand up to $50 billion, both totaling to $300 billion. Electronic manufacturing in India is worth $100 billion, e-commerce is $35 billion and even without including digital payments, the entire ecosystem has a worth of more than $400 billion at present,” said Ravi Shankar Prasad, Minister of IT and Electronics at an event on Wednesday...Read more

The second wave of startupsThe second wave of startups

Two important changes are currently taking place in India’s much-discussed startup ecosystem. After the irrational exuberance in valuations witnessed a few years ago, where startups raised money and failed to show investors a clear path to profits, today’s environment is more realistic with both entrepreneurs and investors realising the need for a line of sight on how much money a venture can make in the future. As startups—and valuations—get more realistic, a new breed of entrepreneurs is coming to the fore. The earlier days of me-too ventures, particularly in ecommerce, are giving way to exciting new enterprises in the technology space. Importantly, young entrepreneurs are harnessing the power of technology and carving out new businesses which aim to solve real problems. Even within the broad category of ‘technology’, action is hectic in the ‘deep tech’ segment—areas like Artificial Intelligence and machine learning—where entrepreneurs are spotting opportunities...Read more

How You Define the Problem Determines Whether You Solve ItHow You Define the Problem Determines Whether You Solve It

Typical stories of creativity and invention focus on finding novel ways to solve problems. James Dyson found a way to adapt the industrial cyclone to eliminate the bag in a vacuum cleaner. Pablo Picasso and Georges Braque developed cubism as a technique for including several views of a scene in the same painting. The desktop operating system developed at Xerox PARC replaced computer commands with a spatial user interface.

These brief descriptions of these innovations all focus primarily on the novel solution. The problem they solve seems obvious...Read more

World's first hybrid 'aeroboat' made by Indo-Russian JV unveiled

The world's first hybrid "aeroboat" capable of travelling on land, water, snow and sand that has been built by an Indo-Russian joint venture was unveiled in Moscow on Tuesday at a start-ups event organised by Russia's state-run Skolkovo Foundation...Read more

Why do some innovations stick?Why do some innovations stick?

What distinguishes Google from WebCrawler or AltaVista? Why DVDs, but not Laserdiscs? Why do some innovations succeed while others flounder?

The answer is complicated. But one factor that’s been evident since academics began digging into the question is that successful new inventions draw inspiration from a range of disciplines. “Research indicates that the most impactful innovations combine technologies or ideas or knowledge that people don’t typically think of as working together,” says John-Paul Ferguson, an assistant professor of organizational behavior at Stanford Graduate School of Business. Among patents, for instance, those with broad technological foundations tend to be the most influential on subsequent patents...Read more

Why Chief Innovation Officers Must Bridge The Collaboration Gap

In The Effective Executive, Peter F. Drucker wrote: “Effective executives find themselves asking other people in their organization, their superiors, their subordinates, but above all their colleagues in other areas: ‘What contribution from me do you require to make your contribution to the organization? When do you need this, how do you need it, and in what form?”...Read more

Airtel-Telenor India merger gets Competition Commission of India’s nodAirtel-Telenor India merger gets Competition Commission of India’s nod

The Competition Commission of India (CCI) has approved the proposed merger of Bharti Airtel with Telenor India, Airtel said on Tuesday.

Last week, Bharti Airtel and Telenor India also filed a joint application before National Company Law Tribunal for approval of their merger following nod from the market regulator Sebi and stock exchanges -- BSE and NSE...Read more

Learning strategy from Chak De India for startupsLearning strategy from Chak De India for startups

Let me share learning from an interesting Hindi movie Chak De India.

In the movie, the protagonist Shahrukh Khan is coach for Indian Women Hockey team which was in a pathetic state. It consists of 16 players from different parts of India and he aspires to convert this team into world champions. He uses various strategies to build team spirit and motivate the players; getting resources for team from federation; analyzing the opponent teams and strategizing for each match; and achieves the vision of winning the world championship...Read more

In next 2 years, India will be an automotive hubIn next 2 years, India will be an automotive hub

ArcelorMittal and Steel Authority of India (SAIL) are on the verge of signing a deal to make high-value products, in line with the government’s make-in-India mission, steel minister Chaudhary Birender Singh told ET. In an interview with Sarita Singh and Himangshu Watts, Singh also said India’s steel sector was poised for strong growth and that his ministry had proposed to build houses made of steel for Rs 2 lakh under the Centre’s housing schemes...Read more

Five skills that distinguish innovative entrepreneursFive skills that distinguish innovative entrepreneurs

Q. In your work with Harvard Business School Professor Clay Christensen for The Innovator’s DNA, you distinguished between two categories of entrepreneurs. Please describe them.

The typical definition is ‘an individual who starts a new business’, but within that definition, there are actually two categories: regular entrepreneurs and innovative entrepreneurs. A regular entrepreneur starts a business that is either a franchise or an imitation of other businesses—for example, a McDonald’s franchise or a dry cleaning business. These people are not offering anything new or unique. Innovative entrepreneurs, on the other hand, launch a venture that offers a unique value proposition, and it is based upon their own idea...Read more

NTPC forays into electric vehicle charging stations businessNTPC forays into electric vehicle charging stations business

State-run power giant NTPC on Saturday entered into the new business segment of setting up charging stations for electric vehicles (EVs) and has installed first such points at its offices in Delhi and Noida.

The main objective in setting up EV charging points is to be part of promoting clean energy transportation, it said, adding that it will also eventually push demand for such vehicles as well as power generated by its plants.

A senior official said that NTPC has foryed into EV Charging business and started setting up charging stations at multiple locations...Read more

Retail Industry to reach $1,150 billion by 2020Retail Industry to reach $1,150 billion by 2020

The retail industry in India is expected to grow at a rate of 12-14 per cent over the next four years and reach about $1,150 billion by 2020, Care Ratings said today. As per the rating agency, retail Industry in India constitutes over 10 per cent of the country's GDP with around 8 per cent of employment and is valued at $672 billion at present.

The growth in the industry will be on the back of more demand with higher incomes, job creations and improved standard of living, among others, Care said in a statement...Read more

3 Things That Can Spark Radical Change Within Your Organization

Most so-called “transformational change” efforts fail. It’s difficult, if not impossible, for an organization to change everything at once. Yet enterprises are challenged to adapt quicker than ever to compete and survive. But where should they begin? Every change needs to start with a compelling case. Healthcare provides a great example of an industry in need of radical change.

The case for change here is clear: Healthcare costs are too high and quality can be too low. At the same time, insurers are paying hospitals and physicians less for care. The average profit for a hospital is already in the low single digits. Without change, many providers will just disappear....Read more

Why Companies Should Measure “Share of Growth,” Not Just Market ShareWhy Companies Should Measure "Share of Growth," Not Just Market Share

Accelerating growth is on every CEO’s agenda. Each year business leaders commit to an overall revenue growth target, but the reality is that growth within a business is often very uneven. Some parts grow faster, and one hopes that they offset the other parts that may be declining. Dave Calhoun, former vice chair at General Electric and now senior managing director at Blackstone, says that it’s better to double down on your winners than to invest in fixing the losers. But many companies have a one-size-fits-all mindset toward metrics, which makes it hard to use that judgment when allocating resources from the top....Read more

5 crucial factors for aligning people and process during global change5 crucial factors for aligning people and process during global change

Penny Cortez, Director, Cultural Transformation and Change Management at Chevron Upstream and key speaker at OPEX Week Australia, led the cultural transformation effort for one of Chevron’s largest business units in Africa. In this interview she speaks to Andrea Charles, Senior Editor for the PEX Network about transforming global businesses through cultural change and the impact this is having on operational efficiency. Cortez also shares her top tip for effectively leveraging the power of culture to achieve more sustainable transformations and five opportunities for improvement to better align people and process...Read more

6 Capabilities You Need to Become a More Strategic Leader

Indian banker Chanda Kochhar joined the Industrial Credit and Investment Corporation of India—later ICICI Bank—fresh out of college as a management trainee. After working in virtually every major division and function in the bank over the next 25 years, she became its chief executive in 2009. When Mike interviewed her last year, he asked her to explain how she had learned to run India’s largest non-state-owned bank, with $5 billion in revenue and a market capitalization of $23 billion in 2015. Kochhar shared how she used directed learning, one-on-one coaching, and experience to learn to lead strategically...Read more

Neuromorphic computing is the futureNeuromorphic computing is the future

Moore’s law, which gets its name from Gordon Moore, the co-founder of Intel Corp., posits that the number of transistors in an integrated circuit doubles approximately every two years. However, even as transistors become smaller and smaller so that more of them can be fitted on a single silicon chip to make computers more powerful, Moore’s law is sure to reach its limits.

Sensing this limitation, computer scientists have been experimenting for quite some time with quantum computing, which promises to revolutionize computing. Conventional computers use bits, or the basic unit of information in computing—zeroes and ones. A quantum computer, on the other hand, deals with qubits (short for quantum bits) that can encode a one and a zero simultaneously—a property that will eventually allow them to process a lot more information than traditional computers, and at unimaginable speeds...Read more

India emerges as world’s third largest aviation marketIndia emerges as world’s third largest aviation market

The central government on Tuesday said that India has emerged as the third largest aviation market in the world with a passenger traffic of over 10 crore reported for 2016-17.

This was stated by minister of state for civil aviation Jayant Sinha at a media event on the achievements of the ministry of civil aviation on the completion of three years of the NDA government.

Sinha said that government’s key scheme in the sector -- regional connectivity scheme (RCS-UDAN) -- will allow India to have 200 plus airports in the next 10-15 years...Read more

IIT Kharagpur researchers develop new technology to manufacture biofuelIIT Kharagpur researchers develop new technology to manufacture biofuel

KOLKATA: Researchers at IIT Kharagpur have developed a new technology which will change the way biofuel is manufactured by making the process cheaper, quicker and pollution-free.

The 'soil-to-soil' manufacturing technology developed at the P K Sinha Centre for bio-energy at IIT-KGP is in the process of being patented, an IIT-KGP spokesperson said today...Read more

Getting Started With Robotic Process Automation

While the technology is not new, RPA has become the hottest topic in technology over the last several years. It’s not surprising that many organizations are struggling to find a starting point that will drive the highest ROI given the vastness of tasks and processes that need to be automated. Additionally, how should organizations think about the many players in the space and align their investment with the right technology partner?...Read more