Global Business

We live in an age of distraction and destruction. The old order is being destroyed before our eyes, whether it's politics, technology, business or economics. But it's the distractions that pose a larger threat. We are distracted by constant change, the frenetic news cycles and the weaponization of the technologies of mass distraction, such as social media and 24x7 communications. Listen to Corporate Yogi, Ekras Gorakh; Mr Gaurav Rastogi elaborate on what leaders need to do to balance Emotional, Professional,Physical and Spiritual elements for delivering an optimum performance.

The Medical Virtualist! Is It Time for a New Medical Specialty? As per WHO, In 2015 there were an estimated 43 million global health workers, including physicians and nurses/midwives. Basis a threshold of 4.45 skilled health professionals per 1000 population, estimated needs-based shortage of health-care workers globally would be about 17.4 million of which almost 2.6 million are doctors and over 9 million are nurses and midwives. Available statistics show that over 44% of WHO Member States report to have less than 1 physician per 1000 population. Something dramatic needs to happen to address this issue. It seems the technology is coming to rescue here. There is a unique market opening up, driven by technology. It is making health care availability instant and access to the best of the resources from any where in the world. It is telehealth. it has the ability to address the top issues of Health care sector; Cost, Care Delivery, Innovation, Operations and Regulatory compliance.

Listen to Allen a noted industry expert, author and a sought-after industry commentator in discussion on "How the best companies stay relevant in a Fast- Changing World" The quantum and speed of change occurring all around us is amazing. It is happening in our life style as well as businesses and environment. The new technological innovations and business models are threatening the existing stable players. One must be very careful in scanning the environment. Must keep an eye on where the disruption is coming from. Several new successful companies have come up at the expense of existing stable and proven businesses. It is noticeable that the new market leaders do not have or own the product most of the times. It is how they have created business models to take out the past market leaders who were not able to foresee the upcoming changes and adapt to it.

In the Digital age, E commerce is leading the growth in businesses. Companies like Amazon have become house hold names and are changing the buying behaviours of consumers in very innovative ways. If we consider Amazon as the representative of e commerce platforms and very deservedly so, one can leverage it for growth of its business. The size of Amazon is bigger than GDP of 130 economies of the world. It seems like an economy at number 61 in the world GDP ranking. Amazon has a market cap of more than half a trillion and revenue of $136Billion. A lot of business can participate in this economy and grow. How can this massive platform called Amazon be used smartly to grow your business.

In the fast changing world where number of countries have increased by three times in past half a century, is there still a relevance for global institutions like World Trade Organization, World Bank and International Monetary fund etc? May be there is because now World Trade Organization has to regulate business among more countries and for International Monetary Fund and World Bank, they need to help and support processes for newly created economies finding their way to grow in an interlinked Global economy. The advent of IT, increased speed of business, and Global connectivity has made the business more complex. Can these institutions still function as they were supposed to do or their role needs to change?

What are the future markets for growth Is it still the BRIC's (Brazil, Russia, India, China and South Africa) or the future belong to (A)TIMP's, Turkey, Indonesia, Mexico and the Philippines, or (B)MINT Mexico, Indonesia, Nigeria, Turkey, or (C)N11 Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, Turkey, South Korea, and Vietnam or (D)the Frontier Markets Whichever of these acronyms are the future growth markets, it is evident that centre of economic gravity is definitely shifting towards East.

Digitization is now no more an option, but a necessity for survival. In the current Digital Age, general life is getting digitized at an amazing pace and all our day to day activities are knowingly or unknowingly getting digital around us and we are the beneficiaries. A simple task like buying groceries and other necessities of life have gone digital where consumers are getting the major benefit in terms of price and customer service. We are part of a digital revolution which has one of the biggest impacts in the history of mankind. Machine Intelligence, Artificial Intelligence, self-driving cars, cryptocurrencies, e-services are changing the way we conduct our daily routine and do business, or governments interact with citizens. If we look at the profile of businesses, In the year 2011, the largest companies by market cap had only one digital age company. In a short span of 5 years, by the year 2016 all of the five largest companies were Digital businesses.

How important it is for leaders to lead self life of Reflections and Introspection? Is the role of leadership changing in an economy shifting from employment based economy to entrepreneurship? Listen to Dr Johri from Oxford in discussions with Oxford cohorts on Leadership. In the hyper dynamic 21st century Leadership is taking a new shape. Will it be inclusive, collaborative and service to individuals, for good of the society and the environment? Will it be more focused on relationships then being directive in its approach?Leaders may not be able to delegate the responsibilities for communication, creating diversity, and drive innovation. Leaders will be required to break down the walls and create open communication. 21st century has social media in full bloom and people want to be engaged in two way open conversation. The leaders will need to respect people and allow creation of communities where they take over the role of facilitator instead of being its head.

Listen to Dr Johri from Oxford in discussions with Oxford cohorts on Leadership. In the hyper dynamic 21st century Leadership is taking a new shape. Has it become too multidimensional? Will it be inclusive, collaborative and service to individuals, for good of the society and the environment? Will it be more focused on relationships then being directive in its approach? Top down hierarchical leaders will need to change their approach. Leaders may not be able to delegate the responsibilities for communication, creating diversity, and drive innovation. Leaders will be required to break down the walls and create open communication. 21st century has social media in full bloom and people want to be engaged in two way open conversation. The leaders will need to respect people and allow creation of communities where they take over the role of facilitator instead of being its head.