Archive

suiting the world

A prominent management thought leader once told me that a good business strategy is one that can be outlined in a short time… without any bells and whistles. Gautam Hari Singhania, Chairman and Managing Director, Raymond Group, in what may

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gift of time

In The 100-year Life, Lynda Gratton and Andrew Scott refer to a French fable in which a nymph, Ondine, curses her husband Palemon: as long as he is awake, he will breathe; as soon as he sleeps, he will die. From that time on he spends every moment in frantic activity, fearing death. Will an extended three-stage life be like this—entailing constant work, boredom, and missed opportunities—or full of possibilities?

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the new normal

For over a decade, companies have been urged to ‘digitalize’ or risk getting left behind. The specific technology innovations introduced by the digital revolution such as mobile, apps, ‘the cloud’, big data, and 3D printing are shaking up businesses and organizations. The digital journey has passed a frontier into a land that no longer distinguishes between digital and business, as these are now unavoidably linked. However, in this passage a fracture is being revealed: top corporate leaders across the globe are insufficiently directing the digitalization of their companies. For this category of leaders, more than for the rest of the organization, digital is at best confusing and at worst unclear.
To support business leaders—executives and boards alike— in their effort to digitalize, INSEAD, in collaboration with the consultancy ‘this fluid world’, have issued a report, Directing Digitalisation: 11 Guidelines for Boards and Executives. The concepts covered in this report are grouped under three key headings—environmental, organizational, and strategic, which are discussed below in the context of India.

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change tracks

The Ministry of Science and Technology announced it will be investing $749,500 over the next few years…Under a new program, Promoting and Accelerating Young and Aspiring Innovators and Startups (PRAYAS), the Ministry will be providing grants of up to $149,900 to each startup to encourage innovators.* However, free flow of funds alone does not ensure success. Indian startups and SMEs have to bring about radical improvement in costs, quality, service, and other critical avenues to stay ahead of the curve.

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the art of giving back

Ever since its inception in 2000, The Akshaya Patra Foundation has been shaping lives, one meal at a time. Theirs is the world’s largest NGO-run midday meal program, serving wholesome lunch to over 1.6 million children in 13,577 schools across 11 states in India. The Foundation—while fighting the dual challenges of hunger and education—has emerged as a brilliant model in operational excellence, technological innovation, and quality management. This interview offers a glimpse into their functioning and their plans for the future.

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leveraging diversity

As organizations embrace greater cultural diversity in the workplace and employees are increasingly required to work in teams, the impact of diversity on team effectiveness has clear implications for business.1
An intercultural work environment could lead to conflicts that can adversely affect project outcomes. One of the ways this can be avoided is by developing an integrated culture.

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listening in a different way

Emotional-intelligence skills support collaboration, more open communication, more transparency and less posturing, less ego, and more people working for the greater good and for the purpose of the organization succeeding.*
Mindfulness forms an integral part of emotional intelligence which has become a key leadership trait for navigating in today’s tumultuous business landscape.

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IS YOUR THINKING FLAWED?

Robin Speculand, founder and CEO of Bridges Business Consultancy Int, dispels myths surrounding strategy execution.

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thinking that matters

The Gartner Group identified thought leadership marketing as a major business trend that has rapidly become an established field in marketing and a basis of competitive differentiation when well-informed buyers see little perceived differences between solution providers.*
Today, individuals and businesses need to embrace thought leadership—which is about coming up with new ways of thinking and reinventing—as a strategy for growth.

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content, context, and conversations

As per B2B Content Marketing 2017 Benchmarks, Budgets, and Trends—North America, 70% of B2B marketers say they will produce more content in 2017 than they did in 2016 and 39% of B2B marketers say they will increase spending on content marketing over the next twelve months. Content is key for any marketing initiative to succeed. However, in the present world of information overload, content without context merely is a ‘low-test fuel, prone to knocks and stalls’. In this exclusive with The Smart Manager, Rutsky talks about how B2B companies can break through and lead when they control the context of the market conversations.

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