The definition of leadership should not be limited solely to individuals who govern and manage organisations, but should also encompass the capabilities that organisations develop to enhance their ability to tackle challenges. The 17 centennial companies in India [which have been profiled in this issue] have diverse origins, ownership and governance mechanisms. Some of these have ventured into related or unrelated sectors, depending on the available opportunities and the leadership vision within the organisation.
Indian businesses have adopted a variety of approaches to ensure their survival and success in the upcoming century. The adoption and effectiveness of these approaches may vary among the centennial companies, but discernible trends can be observed. Some companies like the Hinduja Group, Tata Steel, Tata Consumer, Britannia, and ITC are far ahead of other companies.
Going to the Next Level
Companies are transitioning from a family-centric approach to professional leadership. They acknowledge the necessity of professional expertise and skills to effectively navigate the intricacies of the contemporary business landscape. As a result, they have brought in professional managers from diverse backgrounds, possessing expertise not only in general management, marketing and operations but also industryspecific knowledge and experience.
Given the global competition and the customer-centric approach, Indian corporates are acutely aware that their products and services must match, if not surpass, those offered by global organisations. To achieve this, they must not only create products and services that meet the needs of Indian consumers but also ensure their competitiveness in foreign markets.
Bu hikaye Outlook Business dergisinin August 2023 sayısından alınmıştır.
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Bu hikaye Outlook Business dergisinin August 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Scale Stimulus
For technology start-ups, growth funding serves as the catalyst to scale, innovate, expand into new markets and make critical hires. New capital brings strategic value through investor expertise and industry network, customer introductions, helps maintain operational efficiency and mitigate cashflow challenges.The landscape of venture and growth financings in India has undergone a major shift since the pre-Covid era. The pandemic gave rise to a low-interest rate environment which saw an unprecedented inflow of capital into Indian start-ups with a very strong focus on high growth, often at the cost of high burn. Post-pandemic, the environment has seen a significant shift in focus towards sustainable growth, profitability and efficient unit economics.
The Best Valuation Need Not Be the Highest
Info Edge founder and veteran start-up investor Sanjeev Bikhchandani talks to Deepsekhar Choudhury about high valuations and corporate governance in start-ups. Edited excerpts
GCCS Shaping Start-Ups
The remarkable journey of global capability centres (GCCs) in India continues to set new benchmarks, enriching the nation's economic narrative.
Behind the Scenes
Evaluating start-ups is more than number crunching. While some factors are quantifiable, many are more nuanced. Here's a sneak peek inside the war room from where the rankings emerged
Start-Ups have Generated 17.28 Lakh Direct Jobs
Amardeep Singh Bhatia, secretary, department for promotion of industry and internal trade (DPIIT) tells Pushpita Dey about the government's various schemes to give start-ups a leg up.
On the Road Less Travelled
Our entrepreneurial journey as the founders of the CarDekho group proves the fact that ambition and ingenuity can flourish in the most unexpected places.
Being Local Matters
India's rapidly evolving consumer market, backed by a young, progressive population and a flourishing middle class, is a landscape of opportunity and complex challenges.
CELEBRATING EXCELLENCE: OUTLOOK BUSINESS SPOTLIGHT - ACHIEVERS AWARDS 2024
Recognizing Visionaries Who Inspire Growth, Innovation, and Progress
At the End of the Day, You Bet on Founders
Zerodha founder and chief executive Nithin Kamath tells Deepsekhar Choudhury that the philosophy of a company is what sets it apart and makes it special. Edited excerpts
Time to Go Global
India's defence and space start-up ecosystems have witnessed exponential growth in recent years, with over 1,000 defence and 250 space start-ups driving deep-tech innovation. Government initiatives such as Innovations for Defence Excellence (iDEX), positive indigenisation lists and allocation of 75% of the defence capital budget for domestic procurement, along with support from Indian National Space Promotion and Authorisation Centre (InSpace), have created vast opportunities.
