The Future of Operational Excellence

The business landscape has changed dramatically over the past decade. Digital technology has had wide reaching consequences in enabling new ways of working and driving changing business models. The demographics of both customers and employees have also shifted enormously, opening up new opportunities for process change and innovation but also increasing pressures on business to raise productivity and efficiency...Read more

Organisational politics can be an asset to strategy execution=Organisational politics can be an asset to strategy execution

Dysfunctional politics can sink an organisation, but it can also be a force for good. This makes many executives frown, but the reality is that politics is normal – and too often a hidden barrier to effective strategy execution. In fact, without it, some strategic changes may not be possible.

Political behaviour allows differences to be shared and methods to be employed in strategy execution that go beyond the rules and norms of the organisation. Thus it’s important for leaders to understand the forms it can take and how they can harness it.

While we would be naive to ignore the potentially destructive nature of politics, when deployed effectively it can actually help the company meet its strategic goals and live up to its values, especially during change efforts...Read more

World Bank says India will grow 7.2% in FY18=World Bank says India will grow 7.2% in FY18

New Delhi: The World Bank on Monday said the government’s November decision to withdraw high-value currency notes may have a disproportionately high impact on the poor and vulnerable while its decision to implement the goods and services tax (GST) will be equitable without any negative impact on the poor.

“Demonetization affected poor and vulnerable households, in all likelihood having an impact on construction and informal retail, where many poor and vulnerable individuals work. While limited data is available, there has been an increase in demand for guaranteed employment, and indicators of rural consumption contracted sharply in November, before recovering,” the multilateral lending agency said in its India Development Update released on Monday...Read more

4 Behaviors of Top-Performing CEOs

Elena Botelho, partner at leadership advisory firm ghSmart, talks about the disconnect between the stereotype of the CEO and what research shows actually leads to high performance at that level. She says the image of the charismatic, tall male with a top university degree who’s a strategic visionary and makes great decisions under pressure is a pervasive one. However, research shows that four behaviors more consistently lead to high performance in the corner office: 1) deciding with speed and conviction 2) engaging for impact 3) adapting proactively 4) delivering reliably. Botelho is the co-author of the article “What Sets Successful CEOs Apart” in the May-June 2017 issue of Harvard Business Review...Read more

Mining companies need innovation to catch up

MUMBAI: The beleaguered mining industry is banking on “disruptive innovation” to achieve the government's vision of selfsufficiency and this burden lies on the companies, according to a survey by the University of Western Australia and global consulting firm VCI.

Environmental pressures still weigh on minds of Indian miners more than their global peers but 93% of Indian mining leaders believe that innovation is critical for long-term business strategy and success as compared with 62% in Australia and 59% in the US, the survey said...Read more

Nagpur Becomes First City with Electric Mass Mobility=Nagpur Becomes: First City with Electric Mass Mobility

Nagpur became the country’s first city with electric fleet of 200 electric vehicles, including taxis, buses, e-rickshaw and autos.

“Promoting electric vehicles is our priority. We want electric buses, auto-rickshaws and other vehicles to ply in the country. We are engaged in initial talks with SoftBank for loans at low interest rate for a green project. We want to introduce two lakh electric buses for public transport,” Union road transport and highways minister Nitin Gadkari said on Friday.

The parliamentarian from Nagpur constituency was addressing the media here before launching a pilot project for 200 electric vehicles, including 100 of Mahindra’s new e20 plus.

Gadkari, along with Maharashtra chief minister Devendra Fadnavis, inaugurated India’s first multi-modal electric vehicle project at the Nagpur Airport Complex, making Maharashtra the first state to provide various incentives to e-taxis...Read more

Digital Leadership: Avoiding Business ExtinctionDigital Leadership: Avoiding Business Extinction

Nano Tools for Leaders® are fast, effective leadership tools that you can learn and start using in less than 15 minutes — with the potential to significantly impact your success as a leader and the engagement and productivity of the people you lead.

Contributors: Jerry Wind, PhD, Professor of Marketing, The Wharton School, University of Pennsylvania; Barry Libert; and Megan Beck — authors of The Network Imperative: How to Survive and Grow in the Age of Digital Business Models.

The Goal: Adopt some of the business and mental model innovations of today’s fastest-growing businesses to create greater value in the new digital environment.

Nano Tool: Thirty years ago, most successful companies were built around physical assets. They focused on how to make, market, sell, and service “things.” Today, that is no longer true. Some of the most valuable companies — Apple, Amazon, Facebook, and Google — operate technology platforms that enable their customers and partners to collaborate, communicate, and conduct commerce directly...Read more

Modern BPM Expectations - Stephen Willoughby

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

Demonetisation effect: Digital payments India's new currency; debit card transactions surge to over 1 billion

MUMBAI: Amid the ongoing raging debate on the benefits of demonetisation, there’s been a strong growth in digital payments and transactions in the months since the currency swap was announced on November 8, according to Reserve Bank of India data...Read more

58 Indian companies in 2017 Forbes 'Global 2000' list58 Indian companies in 2017 Forbes 'Global 2000' list

Three years into the Narendra Modi-led government’s rule and the number of Indian companies to feature in the Forbes 15th annual ‘Global 2000’ list for 2017 has risen to 58, compared to 56 the previous year.

This comprehensive ranking of the world’s biggest, most powerful and valuable publicly listed companies, released on Wednesday, is based on a mix of four metrics: sales, profits, assets and market value. Forbes gave an equal weighting of all four metrics, to rank companies according to size.

The Mukesh Ambani-led oil-to-yarn and retail conglomerate, Reliance Industries Ltd (RIL), ranked 106 (No. 121 last year) is the highest ranked Indian company in the list, with a market capitalisation of $71.2 billion. Reliance Industries, has witnessed a surge in investor confidence at the stock markets, after the launch of its telecom arm, Reliance Jio Infocomm late last year...Read more

58 To Make in India, Modi govt approves Buy in IndiaTo Make in India, Modi govt approves Buy in India

To promote its flagship Make In India programme, the Narendra Modi government has cleared its own version of the US’s Buy American policy through a national government procurement policy, giving preference to locally made goods and services.

Titled “Government procurement preference to Make In India order, 2017”, the new policy, cleared by the Union cabinet on Wednesday, is expected to give a substantial boost to local manufacturing and services sectors, thereby creating jobs...Read more

India is ready for the next big leap into the futureIndia is ready for the next big leap into the future

The Narendra Modi government has entered its fourth year. Three years ago, the country was running the risk of a sovereign ratings downgrade (to junk status) that could have potentially snowballed into India’s isolation from global capital markets.

Today, the situation is rife with speculation about the possibility of a sovereign ratings upgrade. Avid investor interest is chasing India with its conspicuous arrival on the international high table, in the middle of a successful transformation of the economy from one of the ‘Fragile Five’ among the Brics economies in 2013 to a ‘Global Macro Hot Spot’ currently.

This transformation is a culmination of several decisive policy decisions taken by GoI over the last three years. Focusing squarely on the objective of economic plumbing, policymakers embraced the principle of festina lente — make haste slowly. In the process, over the last three years, GoI has touched upon various facets of reforms...Read more

The Ambition Inequality: Does the 1-9-90 Rule apply to Entrepreneurs?The Ambition Inequality Does the 1-9-90 Rule apply to Entrepreneurs?

Mostly in reference to online communities and social networks, there is a rule called the 1-9-90 [pronounced One Nine Ninety]rule that describes a phenomenon called the Participation Inequality. It says 1% of all users are creators, 9% curators and 90% are lurkers.

As my colleagues and I travel through Middle India and meet entrepreneurs almost every week, we are noticing a similar phenomenon with regard to their ambition. This gives us a new framework to segment entrepreneurs and understand their behaviour.

For the sake of simplicity, let’s just call it the 1-9-90 Framework of Entrepreneurial Ambition...Read more

India's generics project can bring down medicine costs globally: WHO India head

As the government gears up to push generic medicines to bring down costs for patients, World Health Organisation (WHO) representative in India Henk Bekedam has stated that the move, if successfully implemented, will not only reduce the cost of medicines within the country but also globally...Read more

Paytm Payments Bank launchedPaytm Payments Bank launched, offers 4% interest rate on savings account

Mumbai: Paytm Payments Bank Ltd on Tuesday rolled out its banking operations. With the launch of Paytm Payments Bank, there are now three payments bank in the country, including Airtel Payments Bank Ltd and India Post Payments Bank Ltd.

Payments bank is a differentiated bank which allows customers to open a savings account for a deposit amount of up to Rs1 lakh. As of now, Paytm Payments Bank is offering the service by invitation only.

Here is a look at the products and services all the payments banks offer and what you should know before you opt for it:..Read more

A Prescription for Senior Leaders: Learn, Unlearn, RelearnA Prescription for Senior Leaders: Learn, Unlearn, Relearn

Once they settle into their seats, the dozens of strangers who have come to Philadelphia for a two-week leadership and business acumen program are faced with a startling quote by Alvin Toffler: “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn.”

Wharton professor Peter Fader, the academic director of the Executive Development Program (EDP), says Toffler hit on the key to executive education. He explains, “Successful leaders often have an Achilles heel in common. They’re surrounded by people who are reluctant to challenge them. They hold onto ingrained beliefs and behaviors for decades because their organization makes it hard to change. Even when you get a hint that something could use a refresh, it’s not easy to adjust"...Read more

5 Not-So-Obvious Strategies For Better Problem Solving

Problem solving is an integral part of all business organizations. Companies spend a lot of money in building capability in this domain. Most put in place elements that help to build and sustain it—capability development, top management support, coaching, a structured approach, communication, rewards and recognition, performance management and so on...Read more

India to unveil new drug policy: Officials

WASHINGTON: India is expected to roll out a new drug policy and devise rules for clinical trials that may bring new projects to the country, a top Indian official have said...Read more

Modi government is firming up a plan to create India's own Harvard Modi government is firming up a plan to create India's own Harvard

NEW DELHI: India has taken a firm step towards building 20 world-class educational institutions, which will be termed Institutions of Eminence, with the human resource development ministry moving the proposal to the Union Cabinet for approval. Firmly bearing the stamp of the Prime Minister’s Office, this is a new framework to catapult Indian institutions to global recognition by freeing the best of them from the University Grants Commission’s restrictive regulatory regime and ushering in an unprecedented level of institutional autonomy. Here are some of the finer details:..Read more

What will a successful digital company of 2020 look like?What will a successful digital company of 2020 look like?

Companies get built independent of what’s going on in the markets. The guiding light of the intrepid entrepreneur is his need to find a niche and fill it profitably. As he finds his niche, the markets will, to an extent, shape his strategy for profitability.

Back in 2008-09, when the markets were bearish, entrepreneurs were looking at unit economics. Costs of production needed to be brought down in order to increase profitability. This changed as the markets turned bullish. By 2013-14, the onus was put on growth at any cost...Read more

Algorithmic Foundations for Business Strategy

OVERVIEW — This paper uses tools and models from computational complexity theory and the algorithmics of hard problems that are new to the strategy field in order to address how strategic process and structure adapt to the complex strategic scenarios and predicaments...Read more

Best Practice for Moving to a Digital Enterprise through BPM

Daniel C. Morris, CBPP, CBA,, Vice President, Association of Business Process Management Professionals (ABPMP) and PEX Network Global Board Member, shares his insights on recent trends in digital transformation and best practices for moving to a digital enterprise through Business Process Management (BPM)...Read more

Marathon Leadership: Pacing Yourself to Get ResultsMarathon Leadership: Pacing Yourself to Get Results

Nano Tools for Leaders® are fast, effective leadership tools that you can learn and start using in less than 15 minutes — with the potential to significantly impact your success as a leader and the engagement and productivity of the people you lead.

Contributor: Greg Shea, Adjunct Professor of Management; Senior Fellow, Center for Leadership and Change Management, The Wharton School.

The Goal: Today’s pace of change is unrelenting; instead of working “25/8” to keep up, actively control your pace — and that of your team — to get results in what’s most important...Read more

The Problem with Product ProliferationThe Problem with Product Proliferation

Royal Philips, the Netherlands’ most valuable brand, has long been a leader in product innovation. But in the first 10 years of the new millennium, the company’s revenue plunged 40%, profits for the decade were wiped out, and its market capitalization fell significantly. What went wrong?

The problem, it turned out, was excessive innovation. In the early 2000s, executives expanded the company’s product portfolio...Read more

To Change Your Strategy, First Change How You ThinkTo Change Your Strategy, First Change How You Think

It seems that everyone these days is looking for a disruptive business model. But a business model is only one part of the equation. Equally important is the mental model behind the business model, as well as a measurement model for both. It’s the combination of mental, business, and measurement models that allows real transformation to occur.

The airline industry is a cautionary tale of what happens when companies emulate new business models without bringing over the associated mental models...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?..Read more

From India To Indonesia, These Are Asia's 5 Best Countries For Foreign InvestorsFrom India To Indonesia, These Are Asia's 5 Best Countries For Foreign Investors

Malaysia’s scheduled announcement Friday of economic growth that's forecast at 4.6% in the first quarter this year would reflect stronger shipments of integrated circuits thanks to improved global demand for high-tech goods as a well as more palm oil exports following a supply shortage. But there’s more. The well-off Southeast Asian country of 31 million people is often cited as one of the best places in Asia for foreign direct investment. Other Asian countries may miss that honor because of their costs of land and labor. Some, Japan for example, have a reputation for protectionist policies. Developing countries such as Cambodia lack transport infrastructure...Read more

India ranked second in renewable energy attractiveness indexIndia ranked second in renewable energy attractiveness index

NEW DELHI: India has moved up to the second spot from third position in this year's 'Renewable energy country attractiveness index' released by EY.

This is primarily due to a combination of strong government support and increasingly attractive economics, EY said in a statement.

According to the statement, India continued its upward trend in the index to second position with the government's programme to build 175 GW in renewable energy generation by 2022 and to have renewable energy account for 40 per cent of installed capacity by 2040.

The country has added more than 10GW of solar capacity in the last three years - starting from a low base of 2.6 GW in 2014, it said...Read more

7 Steps To Better, Faster Decision Making For Your Business Team7 Steps To Better, Faster Decision Making For Your Business Team

Decision making. It’s the bread and butter of managers and executives, who make about three billion decisions each year. Indeed, Bain researches found that decision effectiveness is 95% correlated with financial performance.

Despite this, very few of us keep track of the decisions we make and how they turn out. Think of it: you track sales, you track web clicks, you track your Starbucks receipts. But you don’t track the most important thing you do at work.

If decision making is so important, why is it the least measured process in business today?..Read more

What Problem does Business Process Management Solve?What Problem does Business Process Management Solve?

“What problem does Business Process Management (BPM) solve?” This may seem like an odd question to ask here, however as it is a question that senior management always want answering (even if they don’t actually ask it), it is important to have a really good answer at the ready.

On so many occasions when the team responsible for quality or improvement in an organisation are clear that implementing BPM is the way to achieve a key objective, they are tempted to focus on the BPM system; explaining to the leadership team, how the system works and what it can do.

However what they really need to do is explain what strategic goal it will help to achieve or what problem it will solve...Read more

Welcome Revision of the Industrial Index

It is welcome that the Index of Industrial Production (IIP) has been revised, albeit after much delay, and that an institutional mechanism is now in place to include new products in the items basket and delete those that have lost their relevance, on an annual basis...Read more

How Our Company Learned to Make Better Predictions About EverythingHow Our Company Learned to Make Better Predictions About Everything

In Silicon Valley, everyone makes bets. Founders bet years of their lives on finding product market fit, investors bet billions on the future value of ambitious startups, and executives bet that their strategies will increase a company’s prospects. Here, predicting the future is not a theoretical superpower, it’s part of the job.

But our approach to prediction seems stuck in the past. Most business forecasts fail to include measurable outcomes and are not recorded, so it is hard to know if we are even getting better at them...Read more

The Lack of Intelligence About Artificial IntelligenceThe Lack of Intelligence About Artificial Intelligence

Everyone’s talking about artificial intelligence (“AI”). Most of the talk is wrong, misleading and often intended to frighten us about a future that’s unlikely to occur. AI will not steal our babies, hold us hostage for Bitcoins or start nuclear wars. But it will fundamentally change the labor market through the intelligent automation of many routine tasks individuals and companies perform all the time.

First, let’s acknowledge the lack of intelligence around artificial intelligence. Members of the United States Congress know little or nothing about the technology – which is worrisome on many levels, especially when we consider the technology’s inevitable impact on the US and global economies...Read more

Leading Through Digital Disruption According To Marriott's Digital Chief

Mature companies that are undergoing digital transformation often find themselves managing two line of business with very different operating realities...Read more

Ancient Indian wisdom is urgently needed in leadership thinkingAncient Indian wisdom is urgently needed in leadership thinking

Successfully meeting the challenge of effective leadership has two aspects that are integral to it. The first of these consists in restoring primacy to dharma or righteousness and satyam or fidelity to truth as its essential success indicators, while the second might be termed as ‘outer’ development and ‘inner’ development. These four attributes are critical to developing leadership competence. What are missing in mainstream discourse on leadership development are the insights that can be found in ancient Indian wisdom...Read more

India’s ‘Ujala’ to light up homes in United Kingdom

LONDON: Nearly a century after importing equipment from Britain for setting up its first thermal power station at Husain Sagar in Andhra Pradesh, India on Saturday launched the process to export ‘Ujala’ -- Hindi for light -- to the United Kingdom with affordable ‘Made in India’ LED bulbs...Read more

Saras, first made-in-India passenger jet gets new wings

Saras, India's first indigenously-built civilian aircraft, gets a new life.

The re-engined and modified version of India's ambitious 14-seater Saras aircraft is gearing up for its first flight in June first week...Read more

To Be More Creative, Schedule Your BreaksTo Be More Creative, Schedule Your Breaks

Imagine that on a Friday afternoon, before leaving work to start your weekend, you are asked to solve two problems that require creative thinking. Do you:

  • Spend the first half of your time attempting the first problem and the second half of your time attempting the second
  • Alternate between the two problems at a regular, predetermined interval (e.g., switching every five minutes)
  • Switch between the problems at your own discretion...Read more

Electric cars, buses and metros could help India save $30 billion in 2030: Niti Aayog reportElectric cars, buses and metros could help India save $30 billion in 2030: Niti Aayog report

India could save up to Rs 3.9 lakh crore ($60 billion) in 2030, if the country switches to greener mobility solutions such as public transport, electric vehicles and car-pooling, according to a report by government think tank NITI Aayog.

“India’s current mobility system reflects many of the underlying properties of the emerging mobility paradigm. India could leapfrog the conventional mobility model and achieve a shared, electric and connected mobility future by capitalising on these existing conditions and building on foundational government programmes and policies,” the report “India leaps ahead: Transformative mobility solutions for all” released on Friday said...Read more

Things New Managers Should Focus on First
5 Things New Managers Should Focus on First

One of the most exciting — and frightening — career transitions comes when you face the prospect of a management role for the first time. Over my career of building businesses, advising CEOs, and, most recent, exploring the philosophies and beliefs of 100 of the world’s most respected leaders for my latest book, Good People, I’ve clarified many of the top things a great new manager or leader can do. Whether you’re still in the interview stage or are in the wake of a successful promotion to leadership, there are a few must-know principles that will place you on a successful path. Here are five of them...Read more

To tap into Gen Y ideas, leaders become menteesTo tap into Gen Y ideas, leaders become mentees

MUMBAI | NEW DELHI: Last July, Pepsi-Co India launched YCom — a forum of millennials elected by their own members — as a parallel board to the executive committee. The aim was to ensure that Generation Y has a strong say in decisions that shape the company's future. Since then, YCom has been working on various areas, including reverse mentoring the executive committee on digital technologies.

Sudipto Mozumdar, vice president of India Franchise Commercial Unit at PepsiCo, attended one such session on online productivity tools. Another six members of the committee — Suchitra Rajendra, VP-HR; Vinod Kaushal, general counsel; Harsh Rai, VP Po1 sales; Mithun Sundar, senior director-strategy; Vipul Prakash, senior VP-beverage category; and Mijanur Rahman, director, R&D, snacks — were also mentored by the YCom on technology tools...Read more

GIFT IFSC signs MoU with Gujarat law university for skill developmentGIFT IFSC signs MoU with Gujarat law university for skill development

The International Financial Services Centre (IFSC) at Gujarat International Finance-Tec City (GIFT IFSC) has signed an agreement with Gujarat National Law University (GNLU) to collaborate on efforts for skill development in the field of international financial services.

As per the MoU, GIFT IFSC and GNLU would work jointly towards courses, training and certificate programs in the field of international financial services law, the company said in a statement today.

The association would promote the deeper acceptance of financial laws with regards to global financial markets, it said...Read more

E-tail to brick-and-mortar: Are Indian e-commerce firms reinventing the wheel?E-tail to brick-and-mortar: Are Indian e-commerce firms reinventing the wheel?

In a bid to curb higher marketing costs and cater to diverse customer needs in a highly competitive market, Indian e-commerce players, in a reverse trend, are now expanding their platforms to brick-and-mortar outlets.

"The crux of the online business is low operating costs. This is fundamentally how e-commerce companies in the West have been successful. However, e-commerce in India is still at a very nascent stage because here the population who shop online is limited, whereas the amount of money that goes in to acquire those (customers) or to make a noise to bring awareness, is much higher," Vishwas Shringi, Co-founder and Chief Executive Officer, Voylla Fashion, told IANS...Read more

Our job as leaders is to remove barriers for our teams: Intuit CEOOur job as leaders is to remove barriers for our teams: Intuit CEO

Brad Smith has been the CEO of Intuit, the personal-finance software company, since 2008. He is only the third CEO Intuit has had since it was founded in 1983. Intuit’s stock has quintupled under Smith’s leadership. The following Q&A is edited from a conversation I had with Smith on March 24, 2017, at Intuit’s headquarters in Mountain View, California.

Rich Karlgaard: How does a midsize ($5 billion in sales), middle-aged (34-year-old) tech company like Intuit stay fresh?

Brad Smith: Our management style is rapid experimentation. You identify a hypothesis about customer needs and then run a rapid experiment. Then you offer proof why Intuit should invest in the outcome. We fund projects on 90-day experiments...Read more

India to unveil new IIP, WPI series on FridayIndia to unveil new IIP, WPI series on Friday

The government will release on Friday the new series of Index of Industrial Production as well as Wholesale Price Index, with 2011-12 as the base year, so as to map economic activities more accurately.

The monthly WPI for April under the new series will be released on May 12 instead of May 15, the Commerce Ministry said in a statement.

The data for both the indices will be released at a joint press conference for the revision of base year from 2004-05 to 2011-12. It will be addressed by top brass of both the ministries -- commerce and statistics...Read more

What the Best Transformational Leaders DoWhat the Best Transformational Leaders Do

Companies that claim to be “transforming” seem to be everywhere. But when you look more deeply into whether those organizations are truly redefining what they are and what they do, stories of successful change efforts are exceptionally rare. In a study of S&P 500 and Global 500 firms, our team found that those leading the most successful transformations, creating new offerings and business models to push into new growth markets, share common characteristics and strategies. Before describing those, let’s look at how we identified the exceptional firms that rose to the top of our ranking, a group we call the Transformation 10...Read more

India expected to grow at 7.2% in 2017-18 after demonetisation disruptions: IMFIndia expected to grow at 7.2% in 2017-18 after demonetisation disruptions: IMF

India’s growth is expected to rebound to 7.2% in the 2017–18 fiscal and 7.7% in 2018-19 after disruptions caused by demonetisation, the IMF has said while recommending the removal of long-standing structural bottlenecks to enhance market efficiency.

The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the currency exchange initiative are expected to gradually dissipate in 2017 as cash shortages ease, the International Monetary Fund said in its regional economic outlook on Tuesday...Read more

India seen to become third-biggest solar market in 2017India seen to become third-biggest solar market in 2017

NEW DELHI: India will become the third biggest solar market globally in 2017, says India Solar Handbook 2017 by Bridge to India, a consulting and knowledge service provider in the clean technology market.

With 8.8 gw (giga watt) of projected capacity addition -- a growth of 76 per cent over 2016 -- India is set to become the third-largest photovoltaic market (PV) market in 2017, which will overtake Japan, the company said in a statement.

As of March 2017, India has already installed 12.2 gw of utility scale solar power, it said...Read more

To Become A Great Innovator, Get Left Back In Fourth GradeTo Become A Great Innovator, Get Left Back In Fourth Grade

"When I was in the fourth grade, I had difficulty reading," Marshall Jones explained. "On the other hand I was doing seventh or eight grade math." His teacher told him he really should take the year over, and last night he thanked that teacher, as he accepted his induction into the National Inventors Hall of Fame, becoming one of more than 500 great innovators honored since the institution was founded, in 1973. He went on from his extended elementary school career to become the only African-American in the University of Michigan's graduating engineering class in 1965, and then to working at GE, where he changed the world by becoming a pioneer in adopting lasers for industrial use. He holds 55 patents...Read more

11 leadership guidelines for the digital age11 leadership guidelines for the digital age

Ten years ago, when we would ask senior executives or company directors what “digital” meant to them, their response would usually be something related to social media. Today, it might be apps, Big Data, 3D printing, “the cloud” or another current example of digital technology. All such answers are equally correct – and equally in error. More important than the specific innovations introduced by the digital revolution is their earth-shaking cumulative impact on business and on organisations. There is no border anymore between the pre- and post-digital worlds. Digital is business and business is digital...Read more

Tata Technologies buys Swedish engineering and design firm Escenda Engineering for undisclosed amount

MUMBAI: Tata Technologies, an engineering services company, said it will acquire Swedish engineering and design firm Escenda Engineering AB for an undisclosed amount to expand its presence in Europe's automotive and industrial machinery sectors...Read more

Managing strategy

Behavioural economics teaches us that a host of universal human biases, such as over optimism about the likelihood of success, can affect strategic decisions. Such decisions are also vulnerable to what economists call the “principal-agent problem”: when the incentives of certain employees are misaligned with the interests of their companies, they tend to look out for themselves in deceptive ways...Read more

Linear Thinking in a Nonlinear WorldLinear Thinking in a Nonlinear World

Test yourself with this word problem: Imagine you’re responsible for your company’s car fleet. You manage two models, an SUV that gets 10 miles to the gallon and a sedan that gets 20. The fleet has equal numbers of each, and all the cars travel 10,000 miles a year. You have enough capital to replace one model with more-fuel-efficient vehicles to lower operational costs and help meet sustainability goals.

Which upgrade is better?

A. Replacing the 10 MPG vehicles with 20 MPG vehicles

B. Replacing the 20 MPG vehicles with 50 MPG vehicles...Read more

Making connected factories a reality in IndiaMaking connected factories a reality in India

Remember how the sight of a stranger on the street talking, laughing and gesturing animatedly as though to an invisible companion used to elicit sniggers from passersby? This was when mobile technology had just begun to make a foray into the Indian market. A time when those with disposable incomes could afford to buy not only the device in its then not-so-razzmatazz form but also a hands-free set or ear piece to carry on a conversation while walking.

The unblinking acceptance with which we view this otherwise bizarre social phenomenon is crossing over into how we produce “things”. A shift that is aligning with where the manufacturing industry the world over is heading—towards a more interconnected, agile and flexible production process to seemingly fuse man, technology and machine...Read more

Aviation ministry may auction airport contracts to private playersAviation ministry may auction airport contracts to private players

NEW DELHI: India would likely auction its future airport contracts to private operators after setting fixed tariffs, potentially enhancing the number of serious bidders and cushioning passengers against arbitrary increases in user fees.

“Airport charges are revenues for airport operators and any change in it impacts their top-line. We would fix that in advance and make the bidders aware of it so that there are no uncertainties or surprises for the airport operators as well as passengers using the airport.

In this case, charges will be pre-determined, and (the move) would require a change in the Airports Economic Regulatory Authority (AERA) Act,” said a senior government official, who did not want to be identified...Read more

What Makes a Leader?

Emotional intelligence sets great leaders apart from the rest. Learn to recognize it in yourself and others with this 7 minute video slide deck. Download a customizable version in Subscriber Exclusives...Read more

The most pressing issues for platform providers in the sharing economyThe most pressing issues for platform providers in the sharing economy

The so-called chicken-and-egg problem is arguably the most discussed and most obvious business dilemma in the sharing economy. Platform providers–like Uber, Airbnb, or Etsy–rely on both consumers and producers to create and sustain a successful marketplace. Therein lies the dilemma.

Consumers won’t participate in a market where there’s nothing to consume, and producers don’t want to participate in a market with no consumers. No surprise, then, that this publication’s most popular story last year discussed how Uber, Airbnb, and Etsy attracted their first 1,000 customers ...Read more

How Corporate HQ Can Get More from Innovation Outposts

In March 1848 San Francisco newspaperman Samuel Brannan announced that gold had been found in California. In the gold rush that followed, more than 300,000 people headed to the area to make their fortunes. Over 150 years later, there’s still a gold rush in California — now re-located to Silicon Valley...Read more

Take a look: Secrets of becoming a high-performing leaderTake a look: Secrets of becoming a high-performing leader

BENGALURU/NEW DELHI: Is a leader only as good as the team, or does influence matter more? In an ever-changing economic environment, where leadership can be a challenge, companies like Intuit, Genpact, TVS Motor Company, EY and Ikea are giving weightage to those who take the team along, have a long-term vision and have the ability to differentiate themselves from others.

TEAM MEMBERS MATTER
A good leader is only as good as the team s/he is part of. HigHigh-performing managers must be able to drive collaboration among team members, said Piyush Mehta, chief human resources officer at Genpact. “The ability to drive perfect collaboration is a business imperative,” said Mehta...Read more

Top 5 technologies that will scale through beyond 2025Top 5 technologies that will scale through beyond 2025

The talk of the day ranges from automation to device mesh to IoT across organisations big and small alike. This article will bring some great insights on five top technologies that will be relevant in 2025 and beyond. Most of the existing technologies would have become obsolete by then.

(Virtual, Augmented) Mixed Reality
In Virtual reality (VR), the whole real world is replaced by a simulated one giving you a near to life experience of the environment, be it a virtual tour of a dense forest, a political rally or a bike ride through rough terrains/ mountains. Samsung Gear is one of the commonly used VR. Facebook Oculus is a clear indication that FB usage of today with mobile/ laptop will transition to VR mode soon...Read more

In Retail, AR is for Shoppers and VR is for BusinessIn Retail, AR is for Shoppers and VR is for Business

In some of the coverage of augmented and virtual reality, it feels like there are efforts to make it a “versus”: AR vs. VR, like one has to win and the other has to lose. But even though the most basic fundamentals of the technologies are similar – a graphical overlay that is directed at a single user’s experience, and that moves according to the physical movements of the user – they’re actually very different technologies.

While both can feel immersive, only one (VR) is definitely immersive, as in, the goal is to minimize other inputs. The visor eliminates other visual inputs, and often comes with headphones to control auditory inputs. In the Samsung 837 Experience in New York, VR users stand on platforms that vibrate or rock, to give movement inputs as well...Read more

How to convince the Charismatics, the Thinkers, and the SkepticsHow to convince the Charismatics, the Thinkers, and the Skeptics

In Part One in this series of articles, we found that the best way to obtain buy-in from anyone is to understand who the real decision maker is among all the involved stakeholders. Tailoring your arguments to that business leader’s decision-making style will give you the best chance of obtaining a desirable outcome. In this part, we will analyze three of the five decision-making styles

The Charismatics: The first style of decision maker is that of the exuberant team player. They tend to be easily enthralled and excited by new ideas. Charismatics can absorb large amounts of information rapidly and they tend to process the world visually. Their tendency is to move quickly from the big idea into the details. Prominent examples of leaders with this decision-making style are Richard Branson and Oprah Winfrey...Read more

6 Storytelling Lessons For Any Leader to Use Around Their First 100 Days6 Storytelling Lessons For Any Leader to Use Around Their First 100 Days

As we approach the Trump Presidency's first 100 day mark, much discussion has ensued over whether the importance of great accomplishment in the days out of the gate is fact or folly. It is no surprise that leading Democrats are calling it fact, while top Republicans, including the President, are crying folly.

In my opinion, what’s most important about the first 100 day milestone of any new leader's tenure, is establishing a clear and accessible vision for the future that people can trust in and rally around...Read more

Infosys launches Artificial Intelligence platform Nia for businesses Infosys launches Artificial Intelligence platform Nia for businesses

SAN FRANCISCO: Building on the success of its first-generation AI platform, InfosysBSE -0.49 % Mana and its Robotic Process Automation (RPA) solution, AssistEdge, Infosys on Thursday launched 'Infosys Nia', the next-generation Artificial Intelligence (AI) Platform for businesses.

Infosys Nia converges the big data/analytics, machine learning, knowledge management and cognitive automation capabilities of Mana; end-to-end RPA capabilities of AssistEdge; advanced, high-performance and scalable machine learning capabilities of Skytree; and optical character recognition (OCR), natural language processing (NLP) capabilities and infrastructure management services...Read more

India needs ecosystem to make new IPR Policy successful, says Suresh PrabhuIndia needs ecosystem to make new IPR Policy successful, says Suresh Prabhu

Though the government has come out with a National Intellectual Property Rights (IPR) Policy to promote a robust intellectual property (IP) environment across India, we need an ecosystem to take a good idea to a logical end even before it is commercialised, Union Railway Minister Suresh Prabhu said at an ASSOCHAM event held in New Delhi on Wednesday night.

“We need to find out how can we create that ecosystem because the government has come out with the policy, legal framework is done but to take that policy to logical end we need to work on these issues and I am sure as we go along we will have that ecosystem in place,” said Prabhu while inaugurating an ASSOCHAM event on ICT Start-ups...Read more

How to Act Quickly Without Sacrificing Critical ThinkingHow to Act Quickly Without Sacrificing Critical Thinking

An unbridled urgency can be counterproductive and costly. If you’re too quick to react, you can end up with short-sighted decisions or superficial solutions, neglecting underlying causes and create collateral damage in the process.

But if you’re too deliberative and slow to respond, you can get caught flat-footed, potentially missing an opportunity or allowing an emergent challenge to consume you.

To balance these two extremes, you need reflective urgency — the ability to bring conscious, rapid reflection to the priorities of the moment — to align your best thinking with the swiftest course of action. In my work, coaching leaders at every level through a variety of management dilemmas, I’ve developed three strategies to practice reflective urgency:..Read more

4 Things Facebook's CMO Shared On True Leadership4 Things Facebook's CMO Shared On True Leadership

See that pristine-looking house on the hill?

It’s choked with clutter.

Not what you expected, right? Our minds tend to connect the dots as we expect things to be, not always as they are.

Believe it or not, some of today's biggest companies are like that deceiving house. In 2016, Harvard Business School surveyed 737 business leaders, many at international enterprises. Although nine in 10 offer next-generation leadership training, only 7 percent of them believe they do it well. Those companies might look golden on the outside, but their leaders know there's work to be done within...Read more

Indian companies in UK reach annual growth rate of 31%Indian companies in UK reach annual growth rate of 31%

Nearly 800 Indian companies based in the UK have a combined revenue of £47.5 billion, are the second-largest employers, and 55 of the fastest growing companies achieved an average annual growth rate of 31%, a new analysis released Wednesday said.

The analysis, titled ‘India Meets Britain Tracker 2017: The Latest Trends on Indian Investment in the UK’ by London-based consultants Grant Thornton and CII revealed the scale of contribution of Indian companies to the British economy...Read more