Building Corporate Immunity
The Forbes India Leadership Awards (FILA), now in the 10th year, are an acknowledgement of corporate excellence, visionary leadership and innovation. The Covid-19 pandemic hurt the world possibly like never before: A massive loss of human life, lockdown in industrial activity, huge government debts for most countries and a range of bankruptcies and subsequent job losses—in the retail, telecom, aviation and hospitality space.
The pressure to stay afloat became more acute for Indian companies, particularly as they were in the midst of a slowdown pre-pandemic. India’s pace of growth is likely to contract by 7.5 to 8 percent for the full fiscal.
Business leaders were forced to rethink and overhaul their strategies from growth to survival mode. It thus meant deploying finance, technology and human resources most effectively.
Our distinguished jury used these themes to identify companies and business leaders worthy of corporate honors. We introduced three new awards this year: Covid-19 innovators and two philanthropy awards—a reflection of the need to recognise those supporting social causes.
Achieving corporate excellence, turning around business fortunes or scaling up startups was rare. Besides the quantitative data, which includes operating performance and efficiency measures, we looked at leadership skills and the quality of corporate governance to determine candidates.
Denne historien er fra March 12, 2021-utgaven av Forbes India.
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Denne historien er fra March 12, 2021-utgaven av Forbes India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
