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What really makes for a great board?
The turn of the century saw the collapse of Enron, Worldcom, Tyco, Adelphia, 2008 saw the collapse of Lehman Brothers. They all had boards with great experience, diversity, equity involvement, independence, and they all oversaw governance as well as strategy. Closer home, we’ve seen the tussles in the past few years in two of the most iconic Indian companies—Tata Sons and Infosys. We take this norm head-on with the leading subject matter expert on Board Governance, Mr. Shailesh Haribhakti. We asked him—much like how it’s asked of journalism: who will watch the watchers—what governs the ones tasked with governance?
And as expected, he didn’t just make sense. He gave a rousing rallying cry and pointed unequivocally towards the direction Indians boards need to take, and what it takes to be a successful board.
#Business #IndianBusiness #India
The irony of this norm is that it’s staring at us, but that change seems to be so long in coming, when the norm has been actually crying out to be stormed!!
The traditional media industry may not acknowledge it, but as Einstein once said, doing the same thing over and over and expecting different results is the definition of insanity…and not in a good way.
The problem with this industry is that they have allowed themselves to be defined by the medium and not the purpose. They’re called the media business, not the journalism business or news & analysis, or reportage. When you pigeonhole yourself like that, then you’ll tend to be defined—both from inside and externally—by whatever the fashionable technology is these days. For centuries, print was it, then along came audio-visual media such as radio and television, and now we have the 21st century’s posterchild, digital.
But media—any of these—are just that. They’re just the technological platforms, they’re not the product. And when you let yourself be defined by a medium, then of course your revenue models are going to be constrained by that myopic thinking.
So can this norm be stormed? Well, to take a crack at it, we roped in Mr. Anurag Batra, Chairman, and Editor-in-Chief of BW Businessworld. Anurag is a media mogul, serial entrepreneur, journalist, and an eternal optimist. Given his multi-faceted set of experiences, we figured we couldn’t have gotten a better expert to storm this norm.
#Media #Business #IndianMedia
At a time when the Indian Government is ruthlessly banning Chinese apps and pushing the Indian Start-up eco-system to raise their game,
the question really is, "Are we ready to take the challenge"?
It's well known that most Indian startups are prone to emulate successful global ideas, by and large fine-tuning an existing model to serve local needs. There’s Ola for Uber, Gaana for Spotify, OYO Rooms for Airbnb, and Flipkart for Amazon. So while India has provided for a nurturing ground to numerous startups in the past few years but they are merely clones of Western ideas.
To storm this very pertinent norm we have none other than GV Ravishankar, who is a Managing Director of Sequoia Capital India. GV’s specific focus areas are the Consumer, Financial Services, and Education sectors. Two of the most interesting Indian start-ups GV works with are Byju’s and Rebel Foods. A President’s Gold Medal awardee from IIM Ahmedabad, GV’s experience spans many years with Wipro Technologies and then McKinsey & Company in senior advisory roles.
Indian executives have always succeeded spectacularly on the global stage. Sundar Pichai, Satya Nadella, Ajay Banga, Indra Nooyi, Rajesh Suri, Shantanu Narayen, Rakesh Kapoor... The list is long. And yet, we'd be hard put to name even 5 Indian businesses that have similarly succeeded on a global scale.
Why is that?
What will it take for Indian brands to win on the global stage? How can businesses storm this norm?
We have just the right person to answer these tough questions Tune in to listen to Mr. Mohit Malhotra, young & passionate CEO of our very own home-grown global Indian conglomerate, Dabur. This is a person who’s been there, done that in storming this norm, alright.
#innovation #disruption #branding #StormTheNorm
COVID 19 has exposed the vulnerabilities of rigid supply chains and has heightened the need to circumvent existing supply chain limitations, cut the cost and time to reach customers, and figure out ways to generate more value—for customers and for themselves.
Multi-channel distribution eco-system, ‘just-in-time’ delivery, customer’s expectation of personalization, coupled with demand volatility has resulted in complex but highly in-efficient supply chains.
Time is ripe to evolve to the next normal by storming the rigidity norms of the existing supply chain eco-system. Listen to some path-breaking insights in this new episode of our podcast.
#innovation #disruption #supplyChains #StormTheNorm
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