Building World Class Indian Brand – Rajiv Bajaj

Below is an excerpt from the speech of Mr. Rajeev Bajaj, Managing Director, Bajaj Auto Ltd on the theme ‘Building World Class Indian Brand’ at AIMA’s National Leadership Conclave.

Rajiv Bajaj at AIMA's NLC

Rajiv Bajaj at AIMA’s NLC

 “I would in the context of today’s discussion tell you a little story about my own self. This is about when I was in college in Pune. I passed out in 1988 and I must tell you I was the most popular student in college and let me tell you the reason why because in 1988 if you wanted to buy a scooter, you had to wait for one and half year. So every professor and student was my friend and whenever they wanted a pair of wheels they had to come to me and make a request. That was the glorious period of “Hamara Bajaj”. I joined Bajaj in 1990 and the financial year 2000 was thankfully the first and last year when the company didn’t make any money making two wheelers. That is how dramatically my world changed from  1990 to the year 2000.The scooter went from having a waiting period to being in a situation where nobody wanted to buy it anymore.

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‘Making Indian Cities Global Centers of Excellence’ with Vanitha Narayanan, Managing Director, IBM

Excerpt from an insightful speech by Vanitha Narayanan, Managing Director, IBM India on “Making Indian Cities Global Centers of Excellence” at AIMA’s National Leadership Conclave 2015 held on 29th & 30th April 2015 at Hotel Le Meridien, New Delhi.

Vanitha Narayanan, Managing Director, IBM India addressing AIMA's NLC 2015

Vanitha Narayanan, Managing Director, IBM India addressing AIMA’s NLC 2015

“I feel honored and privileged to be on the same panel with Minister Naidu on a topic that has been close to my company’s beliefs and heart for a very long time. We coined the phrase smarter planet almost a decade ago and the smarter cities were a subset of the smarter planet and we didn’t at that point say it was going to be a smart planet, it was going to be a journey, it was going to be a continuous journey because a big part of a smarter planet or a smarter city is a sustainable model. A sustainable model that is ecological, financial, based on physical resources that can rejuvenate and also the human model. So we have talked about it a lot, we have heard about it a lot and I think the need for having a smart or smarter infrastructure is a given.

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Managing Self, Team and Business – D Shivakumar

D-Shivakumar

D-Shivakumar

In the session that took place at AIMA Young Leaders Retreat, D Shivakumar threw some light over the subject of managing self, team and business. The session started with one question directed on topic of trying to compare everything with money. Why people come to work is the first question leader should ask. People don’t come for money. Number one reason is does this company have meaning in what it does. So first Thing Company should start talking is about its focus. Why do we exist? Whom do we serve? What do we do? First is purpose. Second reason, believe it or not, is good colleagues. When people come from office and say wow I have good colleagues that would be a good culture, that’s why they come to work. Lot of people think that they would throw money and get good culture, no, that’s not the case. There’s an inverse relation between company with high salary and culture. Banks are the best example. Banks are cut-throat companies, because individual talent matters. And the third is, Progress. Whatever the way it is, in the evening they want to see improvement. They want their CV improved in the end. Now I will tell you the scary part. The current generation will not have the jobs till they are 40. Either their parents will be responsible or they will be so unskilled that nobody will pick them up. Unfortunately India doesn’t have the social security system. Your salary is the only route your family going and builds assets. So my submission to all of you is to tell them to think of career as a marathon, it’s a long time game. Don’t keep jumping for the next 2000 bucks. We are measuring ourselves on the assets and money earned. If you are good, money will follow you. If you have money it doesn’t mean you are good. Take this message to your teams, real value of money you make is after the age of 40. Funny way enough, all the guys are changing jobs, till 40. 40 to 50 is the prime time. You make 200-300% of your savings. Till 40, you are scraping through.
In answering one question about innovation in today’s world, he said, when we think of innovation, we think of adding something new to the world. That’s not necessary. Innovation can be in product, innovation can be in service, innovation can be in business model. Innovation can be in the way you do things. That’s what it is about. And a disciplined way gets you far more results than just brain storming and shooting from rear. There are two components of innovation. Everybody is seduced by the idea, but culture is equally important. Discipline, energy and focus are the pillars for a successful pitch for a leader. If you don’t have these things, you have to be absolute genius to be successful.

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Leave Them Speechless: Effective Leadership Communication by Roshan Abbas

Roshan Abbas

Roshan Abbas

AIMA conducted its AIMA Young Leaders Retreat with the theme “Leading in the New Order – Modelling Global Leaders” achieved its objective to create a vision for today’s young managers, who are poised to become tomorrow’s leaders. In his session about effect leadership communication, Roshan Abbas gave an example of Alexander, The Great. It is said that right before the battle Alexander was walking through his troops and he sensed that something was not right. People were seemed almost stuck as like saying what we will do, will we be able to do. So he gathered all his troops together and said I will give you a mantra and this mantra will change your life. He walked up and whispered into the first person in their entire troop that tomorrow morning you have to remember this and said something, and then that passed on to others one by one in that manner. And suddenly everyone was wondering what is going on, what Alexander has told this guy that will make them win the battle. He said to kill the enemy leader. And in the morning all the soldiers started moving with a single aim to kill him and he got scared and fled away. That’s how the battle was won by Alexander. So one simple message communicated by the leaders of the thousands that made him leader of the millions because he was just able to do it at the right time, to give them a one compelling vision and make sure that they would able to deliver on it. I hope you could do that with your lives as well.
Question was raised authenticity is the key right now. Whatever you say quickly gets up in social media. And whatever you said is not authentic, lies get caught very easily in this era. Acknowledgement is a must if someone comes up for e.g. say this thing of yours didn’t work, you must acknowledge it. So through communication, building an authentic type of leadership is important. Other factor which is important is that you have to discover the digital native in you, you have to be on communication platforms or where else your leadership leads to? You really need to partially immerse yourself in the digital universe. Authenticity and Understanding the medium is absolutely critical.
In this world with the data smog, he added, information that is well presented and well managed is a style anybody should carry. There is so much data out there but presenting your data in concise is one important aspect. To craft messages which can pass on easily follows it. Like in those days what Alexander did, he crafted a message which passed on easily and gone across the people. Rest of it would be your own communication style. There are the two different style of communication – visuals or words. That’s our own unique style as well. So there are multiple styles, but you must find your own style.

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Importance of Managing the Interiority For One Who Needs To Manage A Company Or The World

Sadhguru

Sadhguru

In another session that took place at AIMA’s 41st National Management Convention, SadhguruJaggiVasudev, commonly known as Sadhguru, who is an Indian yogi, mystic, philanthropist and author of over 100 titles in 8 different languages, talked about “Importance of Managing the Interiority For One Who Needs To Manage A Company Or The World”. He founded the Isha Foundation, a non-profit organisation which offers yoga programs around the world.

The talk with Sadhguru started on the note where he laid stress on how obsessed people these days are with the economy. He added that everybody discusses economy these days. It is not some heavenly subject, it is just organising our survival process. So in trying to organise this, we are losing everything else in our life. Everybody is onto economy. World is engrossed in economy as if it is the greatest thing.

He said that always the focus should be individual human being, no mass production. Every individual is important as the other. This is why you bow down to what you consider god. Anyone thinks that this is more important than others is missing the fundamental meaning of life. Focusing on individual growth is most important. We don’t have to focus on social well-being. If all the human beings here are doing great, why you should bother about social well-being, it will naturally happen, it’s a consequence. If you nourish this human being with right things within himself, results will come. What sphere of life he will shine in is up to him and also the situations in which we exist. So the important thing is just to grow your body brain energy to the fullest potential. What you can do should always depend upon the requirement of the situation, not your fanciful idea. To create a society where individual human beings will blossom into their full potential, he needs a deeper commitment towards individual human being. Human being comes with a bottom line, not top line.

On being asked that what would be your advice on balance results with happiness and contentment? He replied that in many ways, success is most important thing in a life for a person. Every human experience comes within you, what happens in the world, will not happen 100% your way, doesn’t matter how good manager you are. It will happen to some extent your way, but will never happen 100%. But what happens within you must happen your way. If your body took instructions from you, you will keep it pleasant all the time. And if you want to be successful, your body and mind best when in pleasantness. In stress, you will not work at optimal level and a wrong message to next generation that success equals stress. He concluded the session by saying that important responsibility is that you have to send a message out to the world that success is a beautiful and wonderful thing not suffering.

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Corporate Governance: A New Reality

sachinpilot

Sachin Pilot, Political Leader (INC)

In one of the sessions that took place at AIMA’s 41st National Management Convention, Sachin Pilot, Political Leader (INC) and Former Minister threw light on the matter of Corporate Governance. He represented Ajmer constituency of Rajasthan at member of Indian Parliament in the 15th Lok Sabha. He was the Minister of Corporate Affairs and currently serving as the President of Rajasthan Pradesh Congress Committee.
He commenced his session by laying down the points he would talk upon. He said that he has identified few developments that he thinks are worth noting. He stated that he would along the way try to correct some misinterpretations. This is a strong view that Indian private sector works in such unique circumstances that it lies largely outside the pale of modern global management practices and nothing is farther from the truth. There was a time when good corporate governance was an inn innovation. Founder of management theories looked up to companies that worked fairly and well with misty eyes they hoped that good business practices would be refines and spread far and wide That diffusion has been uneven to say the least and even in India there are companies that integrate good governance in their DNA long before anybody else was looking at them. Leaders sense the need for and advantages of changes before others do. They realise that these practices are not just good by themselves but provide sustained support for the bottom lines.

He added that as hehas noted earlier evolving global standards are in fact driving this change. There are areas where we can learn from global corporate meltdowns and make sure that we don’t go down that path. There are those who are sceptical about empowering the minority shareholders. Many managers treat them as irritants that have to be humoured. But minority shareholders ought to be source of necessary advices. Many corporate disasters could have been avoided if these voices have been heeded to. If the board structures their interactions with minority shareholders, their inputs can be incorporated by formulating strategies and making mid-course corrections.
On the topic of women in corporate sector, he said that he has made many friends who are women and asked to become members of the board but awfully there have been criticism that there are only daughters and grand-daughters who have beenaccommodated in the board but he thinks that this will change because the laws have been enacted. There is a universe of talented woman who perhaps have not been given due recognition when the boards are being formed.

Further he talked on need of reforms required in the field of corporate social responsibility.He said that he feels that the communities want to see a visible project work being done there on the ground. Mere cheque writing is lightning one’s conscience the easy way. Bill and Melinda Gates Foundation, Susan and Michael Dell foundations and many others have been identified with particular interventions that are benefiting millions across the world. We can and should evolve our own methods of CSR that are practiced elsewhere but we certainly need to give CSR activities a makeover since profit making is often conflicted with profiteering in the popular imagination. Whatever approach companies approach, it should go beyond just talking and cheque-writing.

He conclude with the statement what we need to tell the world Is that we are here to do the business. We are one country, we are 1.2 billion people and someone from outside should not look at us for all the negativity. Even if there are few black sheep, it doesn’t mean the entire government is going to be corrupt. It is not about winning or losing, it is about how much economical potential are you unlocking in your time. So winning and losing is part of the democracy but we must stay true to the cause and stay together. This country deserves better and we can all work towards doing that together.

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Role of Technology in Reinventing India – Vanitha Narayanan, Managing Director, IBM India

Vanitha Narayanan, Managing Director, IBM India

Vanitha Narayanan, Managing Director, IBM India

In another session at AIMA’s 41st National Management Convention, Vanitha Narayanan, Managing Director, IBM India explained the part played by the technology in reinventing India, along with other fellow speakers, discussing the prime concerning points such as-

– What can technology do to reinvent India?

– What measures will tell us that we are successful on the journey?

– What early warning signals will tell us that we are failing on the journey?

In this session, she talked about the technological reforms which are necessary for changing the current rigid system. She said that we have talked about growth till know. If we are looking at sustainable growth, I think digital is not an option. It should be within the fabric of everything we do. So when we look at different elements of foundation of things, we can talk about commerce and retail as we are clearly seeing lot of digital in that space and good thing about that, other than giving us more shopping choices, is access to goods and services, which ultimately improves reach of more Indians. At economic level, it reduces the overall cost and approximately 30% improvement is recorded when digital medium is used to serve in for your supplied chain across the board in your new market. It is due to the fundamental value proposition which is present there. The thing which is going to drive sustainability is employment. For those in technical business, when we talk growth of India on the back of I.T. services, key issue which plagues us from going forward, to keep up that growth and to move into new areas is a qualified workforce

A qualified workforce will continue to be on the cutting edge of technology. This means we need improving in the quality of education and increasing reach of improved quality education. And that’s where the digital comes in again. So today with the brick and mortar education system that we have and new schools we open, supply-demand equation is not satisfied. The question comes that if we have enough good teachers, enough classrooms and the right curriculum to produce good yield. We started doing research in India for next level of education which will include planned sections like tailored education, personalized education, employable education etc. which is what we have to invent and scale so that it can create a qualified workforce which can contribute on digital economy.

When we talking about devices, a piece of trivia, there are more smart phones and tablets that are purchased or sold on daily basis than babies are born in the world today. So until you realize the fast adoption of technology, it will already have an impact. It’s all about access. It’s about having and giving access to more than people ever had in normal structure. For a digital economy, there is something that is very foundational – there are no geographical borders. A digital world in that sense is borderless and based on free flow of data. When we put constraints around, it will trifle innovation and impact our ability to leap forward. If we build walls in digital worlds, just as we don’t want certain things to go out, other things may not enter as well, therefore hampering the growth of country on digital frontiers. She rounded up her speech saying that there are numerous technological reforms if done in proper way, can lead to new innovative and changed India.

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Reforms Needed For Reinventing India – Mr. D Shivakumar, Chairman and CEO of PepsiCo India Holdings

Mr. D Shivakumar, Chairman and CEO – India Region, PepsiCo India Holdings Pvt. Ltd.

AIMA conducts its annual flagship event – National Management Convention with an aim to address the prevalent challenges of corporate ecosphere in India, their repercussion on the business scenario and deciding the tactics to handle it efficiently in coming years. A topic of national importance is taken as a theme in the convention and is addressed by The Convention addresses a topical theme of national importance and is addressed by prominent speakers from all spheres of life. Its grandeur can be understood by the fact only that last year almost 800 delegates from Industry, government, media and academia attended NMC and it is rising exponentially. There were number of prominent speakers this at 41st NMC. Topic of concern this year was “Changing Times: Reinventing the India Story”, and speakers from different fields of the industry put their thoughts through interactive sessions.

One such profound insight was laid upon by Mr. D Shivakumar, Chairman and CEO – India Region, PepsiCo India Holdings Pvt. Ltd. and former president of AIMA. In his session at NMC, he talked about reforms which should be undertaken when it comes to reinvent India for better. He said we have made progress and there is scope to achieve lot more in the coming years. He started his presentation with some facts. The people living under poverty line have come down to one-third, from its peak 70-80% to 33% in these years. Looking at the infrastructural growth now, ten folds growth has been seen in roads. Number of airports has reached to 125 and we now have 13 major sea ports in last 60 years. So it is clear from the numbers that we definitely have made progress in the infrastructure. Then he spoke about importance of women growth. Though literacy rate of women has risen from 9% to 74%, still involvement of woman in workforce needs to be worked on.

On the front of technological facts, aspired products of people have moved from owning bicycles to personal technology products like smart phones, tablets and much more. It is a mark of definite progress he said. Then he talked about these key reforms which should be undertaken for changing the face of progress in India. Firstly, there should be no small versus big ideology, ecosystem should be small and big working together. He further added that India is a scale country and we need to move forward from era of ‘jugaad’ to a thinking about brand, innovation and design to move up in the chain because then only it can contribute in reinventing India and products it has to offer. He also said that attitude should be changed. Mindset should be to put something back there as opposed to perennially complaining and moaning. What can I do to make a change that can make move forward? – This should be the point of ponder upon. Next point is about the lands. 90% of land is disputed and it should be reformed if we want anything to be done. Another thing is to invest in Teachers, if you want yield of high quality students. Focus should be on providing skills, not degrees along with emphasis on women. Last point on his presentation was of developing smart cities which involves lots of technology which will sure path to be taken for reinventing and changing times. He concluded by saying that if these little things are kept in mind, there is nothing which can stop in bringing a reinvented and desirable future.

The above article is an excerpt from the speech delivered by Mr. D Shivakumar, Chairman and CEO – India Region, PepsiCo India Holdings Pvt. Ltd. at AIMA’s National Management Convention which was held in September 2014.

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Innovation is countering inertia of change – Sangeeta Talwar, Former Managing Director NDDB

Sangeeta Talwar, Former Managing Director NDDB

I believe, innovation is countering inertia of change, which we all find very difficult to undertake. Its certainly about confronting gravity, and severing the tethers of what ties us to tradition. It’s scaling the walls of doubt and turning them into windows of opportunity. You must have heard this morning. It’s about doing new & different things.  But it’s also about doing new and different things, differently! And, I think, doing a lot of new and different things, differently, there is a certain synergy that comes together and has thistransformative effect that innovation brings to organisations. As this book, ‘Orbitfuring Innovations’ has mentioned, it usually starts with the out of the box challenge. I think, Tanmay also mentioned it. ‘Tell me what the problem is’, and let’s look for that out of box idea, which is very clear definition of out of box challenge.

Innovation needs a lot of courage. You need to stand up to the change and you need to stand by the change. And I think that is a very critical aspect of innovation. If you don’t have the courage the stamina to stand by what is being created, it will fall by the way side. You must have seen a lot of passion and zeal, all of this morning and afternoon. That’s the call for innovation! The way it works is infectious and transcends the boundaries around you. Transcends the boundaries of reasons and metamorphosis all of them. It’s a drive of unfathomable Continue reading

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Competitiveness and Innovation – Mr Dilip Shanghvi, Managing Director of Sun Pharmaceutical

Mr Dilip Shanghvi, Managing Director of Sun Pharmaceutical

I’m thankful to AIMA for giving me this opportunity to share my thoughts on ‘Competitiveness and Innovation’ with this distinguished audience. Innovation is a subject that is really close to my heart.Pharmaceutical business, worldwide, is linked to its ability to manage innovation for its success. Creating intellectual capital and the ability to grow the business with innovation is the reason why at Sun Pharma we’ve been successful. As a company, we have always focused on innovation and ability to do more with less by focusing on excellence and that I think, in a significant way, has differentiated our performance over last 30 years that we’ve been in existence.

Shiv talked about return on capital employed and linkage with competitiveness and innovation. It’s an return on capital employed over the last thirty years that has been consistently in excess of 30 percent and that to me is the reason, which reflects our internal focus on innovation. When we look at innovation there are no shortcuts to manage and achieve it. Innovation is a process by which companies or countries focus on doing things differently. People talk about innovations in ideas, innovations in execution.What I find in Indian context,which is a bigger challenge,is the ability to manage complex innovative tasks, as a group. And, as we learn to manage this process, I think we will continue to improve on our performance on innovation. Continue reading

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