Browse Category: Hollywood

Rethink your strategy

STRATEGY

strategy

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One in three public companies likely won’t be around in five years, and the spread between the highest- and low­est-performing companies has never been greater, according to new research from the Boston Consulting Group (BCG). Identifying effective corporate strategy is more important than ever before, and this is the central theme of the latest BCG book, Your Strategy Needs a Strategy. Authored by BCG senior partners Martin Reeves, Knut Haanaes, and Janmejaya Sinha, the book explores the different environments that busi­nesses currently face, identifying and matching the right stra­tegic approach to a given situation. Their framework is called

the “strategy palette”. “The book explains a simple framework that we call the strategy palette, which divides planning into four styles. Firms can chose any of these styles, according to predictability of their business environment and how much power they have to change it. Leaders play a key role in this by making sure that the strategy is vibrant, dynamic and in tune with the changing environment. With a clear under­standing of the strategic styles available and the conditions under which each is appropriate, companies can make the best out of the opportunities available to them at hand,” said Dr Janmejaya Sinha, chairman, BCG Asia Pacific.          ♦

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The                   Discovery

Channel completes 20 years in India. “Dis­covery Channel has had a life changing impact on millions of viewers in India. The tremendous affection that it enjoys in India contin­ues to fuel our passion to relentlessly push the boundaries of factual enter­tainment and uncover the finest stories from across the world. On this occa­sion of completing 20 great years in India, on behalf of the entire team, I would like to express our gratitude to the viewers and clients who have expressed their admiration through this remarkable 20-year jour­ney,” said Rahul Johri, EVP & GM – South Asia,


Honest account

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The dramatic build-up to the overnight nationalisation of 14 banks in a single legislative sweep sets the stage for No Regrets. In this book, bureau­crat extraordi­naire D.N. Ghosh offers an eyewit­ness account of perhaps the most important event in India’s banking history post-Inde­pendence, baring the manoeuvr- ings behind the enabling ordi­nance and the pickle over fair compensation for the dispos­sessed bank owners. Years later, Ghosh enters the portals of the State Bank of India as its chair­man, at a time when the stir­rings of change have just begun to be felt in the Indian economy. Anticipating the future, he goes for a paradigm shift: to rid profit of its dirty word tag and place it at the core of the bank’s operating
strategy. Gradually, he takes SBI into the capital markets, estab­lishes its credit standing glob­ally, launches India’s first mutual fund and, above all, cajoles the trade unions into accepting full com­puterisation. Post­retirement, Ghosh steps into the cor­porate world. The could-have-been- academic tills the soil for certain reputable manage­ment institutes to bloom and grow even as he sets up the credit rating agency, ICRA. Full of untold stories, No Regrets is an honest-to-goodness account of a glorious career spanning over six decades and covering some epochal events whose reverber­ations continue to be felt in the corridors of bureaucracy, bank­ing and business to this day. The book was launched in Mumbai by Arundhati Bhattacharya, chair­man, SBI, and Deepak Parekh, chairman, HDFC.