Innovate, Restructure, Reorganize

8/3/2019 Innovate, Restructure, Reorganize

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INNOVATE, RESTRUCTURE,REORGANIZE: CHALLENGES FOR

INDIAN INC.

FOR 6TH NATIONAL COMPETITIONFOR MANAGEMENT STUDENTS

NCMS-2009

ORGANIZED BY

ALL INDIA MANAGEMENTASSOCIATION

1Tolani Institute Of ManagementStudies


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INTRODUCTION

A German businessman may wear an

Italian suit to meet an English friend atJapanese restaurant, who later returns

home to drink Russian vodka and watchan American movie on a Korean TV.



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INDIAN INC. AND ITSCHALLENGES

In the words of Dr. Jay Ram Ramesh,

One thing is certain in economy that

is FLUX.

The challenge is how fast you are able

to cope up with change.



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Indian Inc. is headed by gigantic businesshouses like TATA, RELIANCE, BIRLA, JINDAL

GROUP, ADANI etc. which are ruling theroost of our Indian Economy and it alsocomprises of Small & Medium Enterprises

which form the backbone of growth.

There are about 3.3 million SMEs in Indiawhich contribute nearly 7% of our GDP.



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FUTURE FOR INDIA INC.

What do Gulf countries have???

What is Japan good at ???

What makes China grow with rapidpace???

So what INDIAN INC. have at itsdisposal to compete with theworld????



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INNOVATION MAKING THEORGANIZATION AN APPLE OF AN

EYE

Competing against the Present for abetter Future.

When we think of Innovation whichcompanies come to our mind first??



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1980s-1990s were the decades ofJapan& Quality; can 2010s-2020s be the

decades ofIndia & Innovation?

The question is can we use Innovation asa spring board to tackle the challenges

India facing today?

India is known as a country not ofInnovation but of Improvisation or

Jugaad as they say in Hindi. 8Tolani Institute Of ManagementStudies


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INDIAN APPROACH

A very different approach forIntellectual property or innovation.

For Indians Intellectual property is a

creation of an individual that must beshared with society at large.



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Innovative Culture: Do it beforeyou die

Make Innovation a core process of theorganization.

To develop an Innovative culture,

Develop trust within the organization

Free flow of Ideas.



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RESTRUCTURE: ADEPTINGCHANGES IN THE WORLD

INDUSTRIAL SCENE

Organizations are human systems andtheir system structure includes the

worldview, beliefs and mentalmodels of their leaders andmembers.



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Reorganize: Aligning resourcesfor growth

Assess current business processes andpolicies.

Understanding market needs,identifying bottlenecks, study ofsuccessful and failure cases of

organizations which have undergonereorganizing.

Eliminating activities which areredundant or do not add value. 13

Tolani Institute Of ManagementStudies


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Managing YO-YO situation andsnowballing rate of change

In order to sustain in thecompetitive world the

Indian companies willhave to transform thecommon into unique.

The companies justcannot rely only on corecompetencies but focus

on building edgecompetencies.


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To remain competitive over the longterm, the company would further

need to know, how and why changeis occurring, and understand therelationship between change and

competitiveness.



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Need for a newmindset

Development of amindset that

enables managersto confront,understand, anddeal with a wide

range of factorsand forces, withinand outside their

organizations.


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Innovate, Restructure, Reorganize