Strategy Deployment Success ProcessStrategy Deployment Success Process

More than 50 percent of executives say that they’re unhappy with their strategic planning process right now. So while they think strategic planning is necessary, they don’t fully realize the benefits they were hoping to attain from it.” Another study of 163 CEOs by Forbes Insights found that nearly a third of all business strategies never reach their mark. Of these failures, they also pinpointed the following five reasons why they did not work...Read more

5 ways to be a more humble leader5 ways to be a more humble leader

Humility comes naturally to some people while others need to cultivate it in order to excel as leaders. Brinda Sarkar brings you expert tips on how you can be more humble as a leader and help all members of the team realise their true potential.

Accept Your Limitations: Leader or not, it is not possible for one person to know everything, and acceptance of this is key to embracing humility. “Always be open to taking others’ opinions and...Read more

Ginni Rometty: How purpose helps InnovationGinni Rometty: How purpose helps Innovation

How do you steer a century-old tech giant so it innovates as quickly as a startup? That’s the challenge that Ginni Rometty, the chairman, president, and CEO of IBM, faces. As Silicon Valley grows, spawning new, nimble companies that are barrelling into all of IBM’s major businesses, Big Blue has to fight back using its decades of experience.

Ginni Rometty got her start working on trucks and buses at General Motors, which gave her a scholarship to attend Northwestern as long as she worked for the automaker in the summers. After two years at GM, Rometty joined IBM, where...Read more

How Ford Is Thinking About the FutureHow Ford Is Thinking About the Future

Everyone’s talking about a future in which vehicles are shared rather than owned, autonomous rather than driven, and where car companies make large shares of their profits on digital “mobility services.” But if you are the Ford Motor Company and face the prospect of investing billions in new technology while your century-old business model is overturned, you might first have a few questions. How are consumers going to react to all of this? What do they really want? How can you tell which opportunities are real and which are science fiction?

To help test drive the future, in 2016 Ford paid about $50 million to acquire Chariot, a startup mobility service. Incubated at Y Combinator, the venture was aimed squarely at the most important, most reliable, most consistent mobility...Read more

Robot to assist Vistara passengers at IGI airportRobot to assist Vistara passengers at IGI airport

Come July and passengers of full service carrier Vistara will be assisted by a robot at its lounge in IGI airport here, helping them address their queries, scanning boarding passes and providing flight status and weather conditions of the destination city.

Capable of moving around in a predefined pathways. the robot named 'RADA' will also greet customers and interact with them using basic hand movements...Read more

From Brilliant Heroes To Brilliant Leaders: How To Ensure Your New Manager's SuccessFrom Brilliant Heroes To Brilliant Leaders: How To Ensure Your New Manager's Success

I have seen the same talent mistake made over and over again across every industry and every business in which I have worked, consulted or coached. Each organization looks at their high-potential, individual contributors and selects their best of the best to become the next generation of leaders. We select the brilliant hero and assume that because they were amazing at their prior job, they will be our best bet for the leader we need in the future.

Well, you know what they say about assuming. I won’t bother elaborating on that metaphor. Studies on new management hires elaborate on this assumption all too often. According to one by the Center for Creative Leadership and Manchester...Read more

Creating An Organization Where Innovation Flows: How The Makers Of PURELL Create CollaborationCreating An Organization Where Innovation Flows: How The Makers Of PURELL Create Collaboration

The best ideas come from unexpected sources. Joe Kanfer, Chair and Venturer of GOJO Industries, knows this from experience: his company’s first product, an industrial-strength hand cleaner that was gentle on skin, was the brainchild of an Ohio housewife turned World War II factory worker.

GOJO may be best known as the inventor of PURELL® Hand Sanitizer, the premier hand sanitizer brand. The company’s health and hygiene products are available in hospitals, offices, schools, and other public spaces as well as to consumers across the world. After multiple decades of near-consistent double-digit annual growth, the company has earned a global reputation for success. Internally, the company has an exceptional reputation of openness and collaboration, and Kanfer has designed it that way...Read more

India to beat Japan this year; to have Asia’s second-largest power capacityIndia to beat Japan this year; to have Asia’s second-largest power capacity

With a rapid roll-out of coal generation, India is all set to overtake Japan and to have Asia’s second-largest power capacity, data show. Fueled by a rapid rollout of coal-fired power generation, India will have a power capacity of 363.32 gigawatts in 2018, Bloomberg reported quoting a BMI Research report. India’s capacity will increase by a whopping 69% through 2027 and coal will remain the mainstay, making up about 75% of the mix, the report said.

By 2020, India is expected to surpass even the United States, which is the second largest producer in the world. The government recently achieved the historic target of 100% village electrification...Read more

This is Why Omnichannel is the Future of the Retail IndustryThis is Why Omnichannel is the Future of the Retail Industry

One of the most fascinating aspects of India’s growth story is the ever-evolving nature of the myriad industries that are driving this journey. One industry that has burgeoned and benefited in more ways than one, particularly with the growing dominance of E-commerce, is Indian retail, one of the most important cogs of the nation’s growth story wheel.

With the focus becoming more and more customer-centric in a world that has embraced technology, E-commerce today offers a sea of product ranges, discounts, personalization through faster deliveries at specifically chosen times, fast-tracked and...Read more

To Embed Your Leadership Into Company Culture, You Need To Inspire Other Leaders, Across The Ranks

Leadership at the top of an organization multiplies its power and becomes culturally embedded when it spawns other leaders throughout the ranks of an organization. If the leader in the C-suite conveys a vision, teaches through example and truly walks the walk, they'll quickly find supervisory and managerial employees at lower levels of the company stepping up to lead their troops as well. This is one of the most effective ways a leader can grow and sustain a company culture...Read more

Cabinet approves National Biofuel PolicyCabinet approves National Biofuel Policy

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved National Policy on Biofuels – 2018.

The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production...Read more

Operational Excellence: What is it?Operational Excellence: What is it?

Operational Excellence is a term you’ve probably heard a thousand times. So what is operational excellence—what is the definition of operational excellence— what does it mean? And why is it important? Before we can be it, we have to know what it is. If I were to stub my toe on it, what would it look like?

Let’s start by differentiating operations from operational. Operations is about processes, whereas operational deals with systems—even entire enterprises. Accordingly, there must be a difference between excellence in operations, or process excellence, and operational excellence. Simply put, excellence in operations is efficiency—doing things right—but operational excellence is effectiveness—doing the right things...Read more

5 Easy Things You Can Do to Be a Better Manager5 Easy Things You Can Do to Be a Better Manager

Being a manager is harder than it looks from the outside. Being a good manager is even more challenging.

There are countless books and resources out there for anyone who wants to grow and develop as a manager. For most of us, getting promoted into a management role doesn’t come with access to training or mentors, and we often have to learn good management skills on the job...Read more

Accelerating Sustainable Energy InnovationAccelerating Sustainable Energy Innovation

Despite significant achievements in sustainable energy innovation and market scaling of technologies such as solar, wind energy storage and others, the rate of change is not fast enough. Considering two thirds of Greenhouse Gas emissions are from energy, and demand will continue to grow up to 35% by 2040, a wider spread of technologies and solutions need to be matured for commercial deployment, at a much faster pace.

This whitepaper builds on insights from dialogue events and expert interviews. It highlights the critical role of good policies, funding mechanisms and alliances to increase investments and enable...Read more

3 Leadership Development Trends to Pay Attention To3 Leadership Development Trends to Pay Attention To

Organizations today are working hard to develop a core group of leaders needed to carry them into the future. With goals and expectations shifting rapidly in the dynamic global economy, it’s more important than ever for leadership development training to match the demands of the moment while still anticipating the challenges of tomorrow.

Although companies face many challenges in evaluating and developing leadership practices that support their unique culture and goals, a number of key trends loom large in 2018. By incorporating these practices into their development programs, organizations can better prepare leadership candidates for the challenges they will surely face going forward...Read more

The Mindset Your Company Needs to Grow OrganicallyThe Mindset Your Company Needs to Grow Organically

M&A is central to many companies’ growth strategies. But you can’t grow by acquisition alone. Companies with more organic growth generate higher shareholder returns than those relying on acquisitions alone. But organic growth remains elusive. It’s been easier to go from big to bigger through M&A than new to big through entrepreneurship.

That failure is not due to a lack of trying. Companies dedicate vast amounts of time, money, and effort to organic growth. The problem is that many companies have the wrong “operating system” for organic growth...Read more

History of Lean ManufacturingHistory of Lean Manufacturing

The history of lean manufacturing has roots in the American industrial revolution and, subsequently, Henry Ford’s famous assembly line. But the process improvements made much later by Toyota created the model. The Japanese automaker expanded on Ford’s ideas by producing more with existing resources, focusing on teamwork and eliminating non-value added activities. Lean manufacturing came full circle in the 1980s, as struggling U.S. automakers took notice of Toyota’s rapid efficiency increases and imported its ideas back to the U.S., although with inconsistent dedication...Read more

India 145th among 195 countries in healthcare access, qualityIndia 145th among 195 countries in healthcare access, quality

India ranks 145th among 195 countries in terms of quality and accessibility of healthcare, behind its neighbours like China, Bangladesh, Sri Lanka and Bhutan, according to a Lancet study.

The Global Burden of Disease study, however, mentioned that India has seen improvements in healthcare access and quality since 1990.

In 2016, India's healthcare access and quality scored at 41.2 (up from 24.7 in 1990)...Read more

Meet Entrepreneur India's 25 Biggest Techpreneurs: Class of 2018Meet Entrepreneur India's 25 Biggest Techpreneurs: Class of 2018

Entrepreneur’s annual Tech25 celebrates businesses which at their core have reflected on creating new market, reinventing a technology and business model – essentially that’s what defines disruptive innovation. However, scaling up business is not always a direct consequence of disruptive innovation. What separates this year’s 25 most impactful entrepreneur-led technology businesses is that they have excelled in sustaining innovation in their road to become respective category leaders - one-third of which are disrupters already, one-third which are set to disrupt and one-third with greatest potential to do that...Read more

Omni channels bring unique challenges to supply chain executionOmni channels bring unique challenges to supply chain execution

The term omni-channel is omnipresent in retail supply chain circles these days. It promises an exciting array of consumer choices but also presents unique challenges to supply chain execution. One of these challenges is surprisingly fundamental and predates the ecommerce era. It is the ability of the supply chain to know the on-shelf availability of the products on offer. That is to say, how much there is of a given product on the shelf in the store.

Omni-channel is the term used to describe the interaction with the consumer in a seamless way between online and offline venues and offering multiple means through which to obtain their purchases. It envelopes...Read more

Economic boom in India coming soon? Massive number of consumers eligible for credit; here’s what it meansEconomic boom in India coming soon? Massive number of consumers eligible for credit; here’s what it means

Signalling that a major economic boom in India may be in the offing, a latest study estimates that nearly 150 million consumers who are currently not ‘credit active’ are potentially eligible to become retail credit borrowers. Tapping into this untapped huge potential borrower market could provide significant growth opportunities for retail lenders and provide a major boost to the Indian economy, a TransUnion CIBIL study said.

According to the report, the total population of credit-eligible consumers in India is roughly 220 million, out of which only about one-third—72 million—are currently ‘credit-active’, or have a live account with a bank or lending...Read more

5 Behaviors of Leaders Who Embrace Change5 Behaviors of Leaders Who Embrace Change

At best, mergers and acquisitions (M&A’s) have a 50/50 chance of reaching their intended results. Study after study puts the failure rate closer to 70-90%. Why is the failure rate so high? Repeatedly, research cites the human factor as the leading reason why mergers and acquisitions fail.

Part of the issue is how organizations view the human aspect of the closing date, which is usually treated as the end of the transaction, when it’s really just the start of change. Organizations, processes, and cultures will be integrated for weeks and months after the organizations come together, causing disruption and uncertainty. Leaders in the M&A environment are managing an organization that hasn’t existed before. Their people are no longer part of the organization they joined. Their sense of normal is disrupted. In response, they may choose to...Read more

Sustainability contest: System vs. HumanSustainability contest: System vs. Human

According to the BTOES Nov 2017 Operational Excellence survey, sustainability is the biggest focus area for Operational excellence in the coming year, how should this be achieved? Through a system based approach or through a human-centered focus?

What do we mean by a human-centered focus for sustainability?
There are several elements to a human based approach. The first is to implement the basics of team employee involvement, which involves the creation of team. It is surprising how many employees do not belong to a team in today’s working world. Outside...Read more

Good news: India is now sixth wealthiest country of world with this much wealthGood news: India is now sixth wealthiest country of world with this much wealth

India is the sixth wealthiest country in the world with a total wealth of USD 8,230 billion, while the US is the richest nation globally, says a report. According to the AfrAsia Bank Global Wealth Migration Review, the US is the wealthiest country in the world with a total wealth of USD 62,584 billion, followed by China (USD 24,803 billion) at the second place and Japan (USD 19,522 billion) at the third place.

“Total wealth” refers to the private wealth held by all the individuals living in each country. It includes all their assets (property, cash, equities, business interests) less any liabilities. We exclude government funds from our figures. Larger countries...Read more

When Should Entrepreneurs Write Their Business Plans?When Should Entrepreneurs Write Their Business Plans?

It pays to plan. Entrepreneurs who write business plans are more likely to succeed, according to our research, described in an earlier piece for Harvard Business Review. But while this might tempt some entrepreneurs to make writing a plan their very first task, our subsequent study shows that writing a plan first is a really bad idea. It is much better to wait, not to devote too much time to writing the plan, and, crucially, to synchronize the plan with other key startup activities.

A startup business plan seems a good idea at the very start because it answers basic questions like “Where are we now?”, “Where do we want to get to?”, and “How are we going to get there?”. By detailing out how to orchestrate complex interdependencies such as customers, competitors, operations, logistics, marketing, and sales, writing...Read more

Lean Six Sigma – Reality or a Myth?Lean Six Sigma – Reality or a Myth?

“The great enemy of the truth is very often not the lie, deliberate, contrived, and dishonest, but the myth, persistent, persuasive, and unrealistic.”
—John F. Kennedy

It seems at every conference, symposium, or other gathering of thought leaders for higher learning where the topic is Lean Six Sigma, many of the attendees—and almost all of the speakers—glorify the supposedly unmatched performance of Japanese companies and their management techniques as enshrined in the most...Read more

Eight Ways To Create Space For InnovationEight Ways To Create Space For Innovation

In a previous article, I wrote about the myth of the innovation lab and how intrapreneurs need to focus a good proportion of their time on stakeholder management. A reality that we cannot deny is that innovators who work in established companies face immense cultural challenges. It is these challenges that often trigger the creation of innovation labs. What intrapreneurs are looking for is a space to innovate, away from the interference of corporate antibodies.

This need for a space to innovate is understandable. However, I have observed that intrapreneurs tend to spend a lot their time negotiating with leadership for physical ...Read more

What Does The Industry Think Of Operational Excellence?What Does The Industry Think Of Operational Excellence?

Operational excellence is a global concept whose time has come despite a fairly rocky ride since it first made its debut in hazardous industries several years ago. Like many aspirational-sounding concepts, operational excellence has been dismissed by some as yet another management theory with little practical application in the real world. Or perhaps it has suffered from being poorly understood or misinterpreted.

But all that is changing, and fast. A recent survey of oil, gas and petrochemical industry professionals conducted by Petrotechnics shows a growing consensus around operational excellence, what it means and the benefits it can bring to organizations in hazardous industries...Read more

8 Negotiating Tactics Every Successful Entrepreneur Has Mastered8 Negotiating Tactics Every Successful Entrepreneur Has Mastered

Deep down, we’re all a little greedy. We all want the best outcome for ourselves. We can’t help but consider what’s in our own self-interest any time we negotiate a deal. But to become a truly successful negotiator, you have to learn to put aside pure self-centeredness. Because if all you care about is serving yourself, you’ll blow the deal before you even start.

Negotiations are a delicate balance of give and take. Learning to strike this balance is necessary for any entrepreneur hoping to build a prosperous business. It takes time and practice and whole lot of patience to hone a winning...Read more

How to Create a Strong First Impression as a LeaderHow to Create a Strong First Impression as a Leader

You’ve likely heard this saying: “You never get a second chance to make a first impression.” And it’s true. You can’t take whatever you said or did back after all is said and done.

Here’s another one: “Fake it until you make it,” which speaks to bolstering your confidence until your skill set or accomplishments match up. When your first impression seems inauthentic or presumes power you don’t have, people can tell you’re not being honest. You’ve broken the most essential thing without ever earnestly attempting to build it -- trust...Read more

Assessment: Are You a Compassionate Leader?Assessment: Are You a Compassionate Leader?

Compassion has become increasingly recognized as a foundational aspect of leadership. One study from 2012 found that compassionate leaders appear stronger and have more-engaged followers. Other studies have found that organizations with more-compassionate leaders have better collaboration, lower turnover, and employees who are more trusting, more connected to each other, and more committed to the company. When we surveyed more than 1,000 leaders from 800 organizations, 91% of them said compassion is very important for their leadership and 80% said they would like to enhance their compassion but do not know how.

What do we mean by compassion? It is the intent to contribute to the happiness and well-being of others. A compassionate leader has a genuine interest in seeing their people not just perform and increase profits but...Read more

Organisational techniques for institutionalising mentoringOrganisational techniques for institutionalising mentoring

Organisations are introducing and continuing several leadership development programs in almost every sector, from global multi-nationals to family-owned businesses, consulting companies and the public-sector organisations. It is being incorporated especially at the mid-management and senior levels. All kinds of methodologies like experiential learning, simulations, gaming, theatre and mobile learnings are being used.

The trend has moved from one- to two-day workshops to longer term, almost four- to eight-month long learning journeys. Everyone is beginning to understand that behavioural change requires time, continuous...Read more

The Future of Supply chain: A digitized Supply ChainThe Future of Supply chain: A digitized Supply Chain

The economy is at the beginning of the next major industrial revolution, and technology is the driver, this time as the heart of both the production of many different products and as a core intelligent component of the things we use every day.

Digitization has long since moved into factories, and is now enabling operations in which humans work side by side with intelligent...Read more

11 Reasons Why Some People Are More Successful Than The Others11 Reasons Why Some People Are More Successful Than The Others

The first thing people notice about successful people is; the swanky bungalow, the luxury car etc. If you want to learn how to be successful learn from their journey, not the destination. Learn about how they got there. How hard they had to work to get there. What do successful people do? Why are some people more successful than the others? Let me let you in on a secret, here are some of the characteristics of successful people. Find out, if you are one of them?

1. Are Visionaries: Successful people can always envision what is going to be. They can draw a clear picture of what their life will be and what they want to achieve. When you close your eyes, what is the life you picture for yourself?...Read more

Remaining Objective Is Hard, But the Best Leaders Figure Out How to Do ItRemaining Objective Is Hard, But the Best Leaders Figure Out How to Do It

There is no single leadership trait that guarantees success in any profession, but there is, based on my experience, one that many of the best leaders share: a fierce commitment to objectivity. And yet I realize it’s often not easy for leaders to remain objective.

In my nearly three-decade career in the intelligence community, I have worked for and with 11 Directors of CIA and all five Directors of National Intelligence. Each has brought their own personality and skill set to the job, and each in their time has faced their own set of challenges, from deeply contentious relationships with the White House and Congress to unforeseen terrorist attacks on the homeland and U.S. diplomatic facilities overseas. I think each would agree that leading in the...Read more

Corporate Governance: Will new rules increase accountability of company boards?Corporate Governance: Will new rules increase accountability of company boards?

Just a day before the FortisNSE 3.09 % board was to meet last week to shortlist a suitor for the company from four contenders, a quartet of directors wrote to shareholders to take an “informed decision” while voting on the resolution seeking their removal at the extraordinary general meeting (EGM) on May 22. The ouster concerned Brian W Tempest, Harpal Singh, Sabina Vaisoha and Lt General Tejinder S Shergill, who have been under fire from minority investors such as East Bridge Capital and Jupite India Fund for failing to exercise fiduciary duties towards all shareholders and maintain expected levels of corporate governance...Read more

Three ways to make your organisation agileThree ways to make your organisation agile

Agile, the flexible way of working, has spread from software development to organisational change – for small start-ups and even large, traditional organisations. The Agile software methodology is iterative and collaborative; it ensures that small, autonomous groups work together to align with customer needs. In this age of information at our fingertips, same-day delivery and seamless payment options, customers now expect more from business than ever before and companies must adapt to thrive.

This methodology is the underpinning for the transformation of large banks, such as ING and Sberbank with the expertise of change architect Bart Schlatmann. On a recent visit to INSEAD, Schlatmann, the former...Read more

The 'I'm My Own Boss' Myth Humbles Many an EntrepreneurThe 'I'm My Own Boss' Myth Humbles Many an Entrepreneur

Entrepreneurship can be one of the loveliest careers. You enjoy a work-life balance, run your own show at will, work for passion and, hopefully, live the rest of your life as a self-reliant individual.

Everything is just cool. But if you’re eyeing entrepreneurship ultimately to become your own boss, then you may have to think again...Read more

Shaping the Future of ConsumptionShaping the Future of Consumption

The Fourth Industrial Revolution is transforming entire systems of production, distribution, and consumption providing both opportunities for value-creation through game-changing technologies, as well as challenges on ensuring inclusivity. Consumer spending, which drives nearly 60% of world GDP, is an engine for economic activity. Emerging business models that embrace new patterns of consumption enabled by disruptive technologies can stimulate growth and jobs. In brief, to successfully navigate through the Fourth Industrial Revolution, there will be a premium placed on innovation, willingness of organizations to disrupt themselves, and a collaborative spirit...Read more

Effective delegation skills prerequisite to rise in leadership rolesEffective delegation skills prerequisite to rise in leadership roles

As young managers move towards senior leadership roles, there is one area they just have to get good at and master: Delegation. There are just no two ways about it. Unless you identify with yourself as a good delegator, you may be stuck in lower managerial positions no matter how capable and awesome you think you are. Of course, there could be several factors contributing to that. I would like to throw light on one of them -- Delegation.

Let us first understand what delegation exactly means? According to Wikipedia, delegation is the assignment of any responsibility or authority to another person to carry out specific activities. This does not...Read more

Here's How Big Data is Changing The WorldHere's How Big Data is Changing The World

Big Data is the fashionable term people use in describing an amazing technology that solves massive problems. The problems that until recently seemed impossible to solve are now believed can be sorted out, thanks to the collection and analysis of a huge amount of data.

It is clear that Big Data is here to stay and, although sometimes we cannot see the magnitude of the change, it is clear that the data is changing the world as we know it...Read more

Modi’s 12 ‘champion’ services sector to boost India’s growth to next levelModi’s 12 ‘champion’ services sector to boost India’s growth to next level

With a view to boost country’s economic growth to the next level, Modi government is planning to formulate a separate strategy with different ministries to promote twelve services sector, PTI reported citing unidentified officials. These sectors include IT, tourism and hospitality. It was in the month of February that an action plan was approved by the Modi government for these ‘12’ champion services sectors for realising their real potential through establishment of a Rs 5,000 crore dedicated fund. The 12 champion sectors include IT & ITeS, Tourism and Hospitality, Medical Value...Read more

Ideas Inc: How India fares on the innovation indexIdeas Inc: How India fares on the innovation index

A look at how India compares with other countries on innovation...Read more

India fastest growing economy at 7.4 per cent in 2018: IMF
India fastest growing economy at 7.4 per cent in 2018: IMF

United Nations, The International Monetary Fund (IMF) reaffirmed on Wednesday that India will be the fastest growing major economy in 2018, with a growth rate of 7.4 per cent that rises to 7.8 per cent in 2019 with medium-term prospects remaining positive.

The IMF's Asia and Pacific Regional Economic Outlook report said that India was recovering from the effects of demonetisation and the introduction of the Goods and Services Tax and "the recovery is expected to be underpinned by a rebound from transitory shocks as well as robust private...Read more

Walmart buys Flipkart for $16 billion, shifts battle with Amazon to IndiaWalmart buys Flipkart for $16 billion, shifts battle with Amazon to India

Walmart Inc. has agreed to pay $16 billion for a 77% stake in Flipkart, valuing India’s largest start-up at about $21 billion in what is one of the biggest acquisitions in the country.

The deal will redraw the retail landscape in India as Walmart takes its battle in the US with arch-rival Amazon to the world’s fastest growing major economy. It will also give a massive boost to entrepreneurship and the start-up ecosystem in India, which has struggled to provide exits...Read more

Growing leaders to grow your business: How small businesses can attract leadership talentGrowing leaders to grow your business: How small businesses can attract leadership talent

All companies need to attract and develop leaders to ensure sustained growth. The challenges for small enterprises are, however, unique in several respects.

For a small company or a startup, sustained growth is literally a matter of life and death. As the company has not yet stabilised or established its brand--it needs to aggressively grow or face the prospect of an early demise. It needs quality talent more than ever. However, the company finds it hard to attract leadership talent. As there is little stability or a sustained performance track record, established leaders in the industry are apprehensive...Read more

To Innovate Like a Startup, Make Decisions Like VCs DoTo Innovate Like a Startup, Make Decisions Like VCs Do

A lean startup approach, we are told, can empower big companies to innovate rapidly and effectively in the face of continual disruption, potentially even transforming enterprises into centers of continual new growth. Responding to this promise, many companies have started putting these ideas to use: A recent study of 170 organizations with $1 billion or more in revenue found that over 82% are currently using a lean startup approach in some aspect of their business...Read more

FMCG topline may rise by 300-400 bps in FY19 on rural demand: ReportFMCG topline may rise by 300-400 bps in FY19 on rural demand: Report

A revival in rural demand may help boost the topline growth of the Rs 3.4-trillion fast moving consumer goods (FMCG) sector by 300-400 basis points to 11-12 per cent this financial year, said a report.

The FMCG sector is likely to report 11-12 per cent rise in revenue in fiscal 2019, up 300-400 basis points from 8 per cent in fiscal 2018, driven by revival in rural demand and new product launches, domestic rating agency Crisil said in a report today...Read more

Industry Strategy Meeting

Transforming Business in a Fractured World

The global context is changing significantly as geostrategic competition has re-emerged on multiple fronts with wide-ranging political, economic and social consequences. Competing political narratives are shaping the governance of multiple industries. New economic strategies are being formulated to preserve the benefits of global trade and foreign investment. Socially, there is growing concern that a systemic approach is missing when it...Read more

4 Female Entrepreneurs Share the Visions That Helped Make Them Successful4 Female Entrepreneurs Share the Visions That Helped Make Them Successful

Starting a business is like starting a new diet. The hardest parts of this journey are getting the courage to begin and understanding what is the plan that is most likely to succeed.

You have an innovative idea that will improve the world, and the thousand new things you must learn about running a business are enough to make your head spin. A great way to start your new business is to find a mentor and reach out to them for advice...Read more

India - Economic Indicators

Economic Indicators for India including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for India economy...Read more

Your Family Business Won't Survive If You Don't Plan for the Leadership TransitionYour Family Business Won't Survive If You Don't Plan for the Leadership Transition

When advising family business owners, one of the biggest challenges I see clients grapple with is the transition from being "power players" who dominate every aspect of the company, to "people builders" who cultivate the next generation.

Take the example of "Terry," who had successfully led his manufacturing company for almost three decades. At age 68, he just didn't have the energy that he'd had even 10 years ago. What he did...Read more

New telecom policy to usher in new era for communications sector: FicciNew telecom policy to usher in new era for communications sector: Ficci

The draft of the new telecom policy released by the government indicates it may usher in a new era for India’s communications sector with a forward-looking and technology-friendly regulatory environment, Ficci said today. The draft, dubbed the ‘National Digital Communications Policy 2018’, was unveiled on May 1. It aims to provide broadband coverage at 50 megabit per second to every citizen, attract USD 100 billion investment in the sector and create 40 lakh jobs by 2022. In a statement, Ficci said it hopes that the policy will be ready for announcement by the monsoon session of Parliament this year.

"The draft Policy is a consultation-based, well-considered document which addresses nearly all issues in the communications sector, such as...Read more

Walmart plans $2-3 billion push for FlipkartWalmart plans $2-3 billion push for Flipkart

NEW DELHI: Global retail giant Walmart plans to pump $2-3 billion (over Rs 13,000 crore) as fresh equity into Flipkart to strengthen its hold on the e-commerce company, while buying existing shareholders for a majority control in a deal that is expected to be announced this week.

Sources told TOI that the Beast of Bentoville may look at roping in more investors over the next few years, while ensuring that the e-tailer’s operations are in sync with its India strategy. Over the next two years or so, a Flipkart IPO is also planned, although the exact listing time will be linked to market conditions...Read more

India's Nikkei Manufacturing PMI expands to 51.6 in April 2018India's Nikkei Manufacturing PMI expands to 51.6 in April 2018

The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose from 51 to 51.6 in April. This was indicative of a faster improvement in the health of India’s manufacturing economy than in the prior month but pointed to a modest upturn that was weaker than the series trend.

Manufacturing conditions improved for the ninth consecutive month in April, supported by faster expansions in output and new orders. Greater production requirements stimulated job creation and encouraged companies to engage in input buying. On the price front, inflationary pressures continued to ease in April, with the softest increases for input costs and output charges reported since September 2017 and July 2017 respectively...Read more

India - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for India including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the India economy...Read more

GST Council: New returns system, fully state-run GSTN get nodGST Council: New returns system, fully state-run GSTN get nod

The Goods and Services Tax Council on Friday approved a new comprehensive return-generation system and full government ownership of GST Network (GSTN) — the IT backbone for GST — while referring a proposal to impose a cess on sugar and an incentive scheme for digital transactions to two separate groups of ministers (GoMs) for further deliberations.

As reported by FE earlier, despite the council’s nod, the new returns system can be implemented fully only after a year. The system will allow taxpayers to just...Read more

Indian consumer products market sees 13.5% growth in FY18Indian consumer products market sees 13.5% growth in FY18

India’s consumer products market grew 13.5% in FY18, with eight of 10 leading companies posting double-digit value growth, indicating a revival in consumption after more than five years of single-digit expansion. Dairy maker Amul led the pack.

Growth was fuelled partly by the low base following demonetisation, a good monsoon, improving market sentiment after the introduction of the goods and services tax (GST), newer launches and...Read more

Why CEOs need to become activists in sustainabilityWhy CEOs need to become activists in sustainability

As the world becomes increasingly politically polarized and some governments abandon sustainable initiatives, like US President Donald Trump’s announcement to pull out of the Paris Agreement in 2017, consumers are now looking towards CEOs and their companies to spearhead sustainability.

During the last quarter of 2017, our company, Alto Data Analytics, which specializes in public opinion analysis using big data and AI, conducted an analysis of digital opinions to understand what sustainability means to the American public. The analysis...Read more

Reverse innovation: Made in India, for the worldReverse innovation: Made in India, for the world

Four years ago, when the buzz around total rural electrification in the country gained momentum with the arrival of the Narendra Modi-led government, engineers at the Bengaluru premises of General Electric (GE) started to look for solutions. India, according to a September 2017 report by Reuters, has more than 40 million households that need to be electrified.

By the latter half of last year, the $120-billion American multinational had found a solution and began pilot projects of its Hybrid Distributed Power (HDP) system in two villages in the state of Bihar in North India. The project is in partnership with...Read more

Customer trends that would shape the automotive industry in 2025Customer trends that would shape the automotive industry in 2025

The future of transportation is evolving to a completely different level. In the coming years, the changes in consumer preferences, environmental conditions and experience driven segmentation will reshape the automotive industry. An automobile is already a connected device on wheels and is on a path to increased intelligence for driving functions.

Changing consumer preferences and technological disruptions are shaking up every facet of mobility, forcing automakers to be original in all that they do. By 2025, it would be all about the travel experience, and less about passive ownership of vehicles. The future seems set for intelligent vehicles offering personalized travel experience in an increasingly shared economy...Read more

Research Shows a Simple Way to Increase Your Engagement at WorkResearch Shows a Simple Way to Increase Your Engagement at Work

It is no secret that many employees face work environments that are not very engaging. A 2016 poll by the Gallup Organization shows that only 13% of employees worldwide are engaged at work. And when it comes to enhancing employees’ engagement (i.e., energy, enthusiasm, and focus), much of the popular narrative has focused on organizational factors such as job design, leadership, or culture. But these factors are often outside of an employee’s control. As a result, beyond trying to find the right fit professionally, the overall picture seems to suggest that employees are at the mercy of their organizations and bosses when it comes to how engaged they will be at work...Read more

Believe it or not, researchers have developed ‘infinitely’ recyclable plastic!Believe it or not, researchers have developed ‘infinitely’ recyclable plastic!

Scientists have developed a novel plastic that can be completely recycled as many times as required, without the use of toxic chemicals or intensive lab procedures. Plastics are cheap, lightweight and long-lasting. For these same reasons, plastics waste in causing major environmental problems around the globe. Researchers from Colorado State University in the US discovered a polymer with many of the same characteristics we enjoy in plastics, such as light weight, heat resistance, strength and durability. However, the new polymer, unlike typical petroleum plastics, can be converted back to its original small-molecule state for complete chemical recyclability...Read more

The Digital Retail Experience Is About to Be Redefined -- AgainThe Digital Retail Experience Is About to Be Redefined -- Again

Convenience has always played a significant role in the shopping experience, from the early supermarkets to the first 7-Eleven locations (literally dubbed "convenience stores") to shopping by phone.

Consumers marveled at being able to buy flowers, Veg-O-Matics and even cubic zirconium jewelry from the comfort of their homes thanks to infomercials and home shopping television networks. Although selections were limited and access to a deep variety of goods was constrained, these options were considered wildly convenient at the time...Read more

Government moots 6-point formula to boost digital payments
Government moots 6-point formula to boost digital payments

The government has asked all departments to enable electronic payment options such as Bhim-UPI QR code at their cash counters as part of plans to boost digital transactions.

According to an official, Ajay Prakash Sawhney, secretary, Ministry of Electronics and Information Technology (MeitY), told bureaucrats at a closed-door session on ‘Civil Services Day’ last week that a lot of ground still needs to be covered in terms of bringing the majority of merchants and highway tollpayers to the digital platform...Read more

When Solving Problems, Think About What You Could Do, Not What You Should DoWhen Solving Problems, Think About What You Could Do, Not What You Should Do

On a Saturday night in Modena, a picturesque city in one of the most well-known culinary regions of Italy, a couple and their two young sons dined at the three-Michelin star restaurant Osteria Francescana. The father ordered for the family “Tradition in Evolution,” a tasting menu with 10 of the restaurant’s most popular dishes. One of them, “snails under the earth,” is served as a soup. Snails are covered by an “earth” of coffee, nuts, and black truffle, and “hidden” under a cream made with raw potato and a garlic foam. As maître d’ Giuseppe Palmieri took the order, he noticed a slightly desperate look on the boys’ faces. Palmieri turned to the younger boy and asked, “What would you like to have?” He answered: “Pizza!”..Read more

5 Life Lessons Essential for Business Success5 Life Lessons Essential for Business Success

There are many truths in starting and operating a successful business. Many business truths are common sense concepts -- like if you run out of cash, your business might not make it. But, you can also draw on general life lessons when growing your business.

I’ve been in the entrepreneurship game for more than 30 years now. I’ve applied a lot of the lessons I learned in life to starting and growing my businesses. And believe...Read more

Blockchain Beyond the HypeBlockchain Beyond the Hype

This common sense and practical framework is designed to assist executives in understanding whether blockchain is an appropriate and helpful tool for their business needs. It starts from the premise that blockchain is merely a technology – much like many others that are already used in society – and like other technologies it is as much about change management and careful attention to the economics and business models of industries and companies involved as it is about technology evangelism. For any organization, blockchain technology should not be a goal in itself but a tool deployed to achieve specific purposes...Read more

An AI bot wrote a movie script. The outcome paints the future of workAn AI bot wrote a movie script. The outcome paints the future of work

Technology has always created more jobs than it ever destroyed. And interestingly, the first ones to fly off the job boards have been the mundane, the laborious and the risky ones. This is testament to the desire of human beings to be employed in tasks that are less manual and more intellectual. That explains why industries heavy on manufacturing and production have been the first ones the latch onto the Artificial Intelligence (AI) and automation bandwagon. A leading e-commerce company now has about 45,000 robots across its 20 fulfilment centres for its picking and packing...Read more