Winning in the Age of Disruption – C P Gurnani, MD & CEO, Tech Mahindra

C P Gurnani at AIMA's NLC

C P Gurnani at AIMA’s NLC

C P Gurnani, MD & CEO, Tech Mahindra shares his insights on Winning in the Age of Disruption at AIMA’s 4th National Leadership Conclave. Read Excerpts below –

We believe in the trinity of Brahma, Vishnu, Mahesh where. Brahma is the creator, Vishnu is the sustenance and Mahesh (Shiva) is the destroyer. Now if the disruption is inevitable and it’s going to change the world. The question is who is going to be the creator? Will it be the millennials or startups or some of the larger companies re-inventing themselves? What is the role of the disruptor, what is the role of that Vishnu as a sustenance man or are these roles overstated? Maybe these roles don’t exist anymore. Maybe if I take Tech Mahindra as an example I mean I would strongly go back after this presentation and tell my Board that you should actually collapse all the three roles.

Look at it from a different perspective, the Founders were the Creators, the CEO becomes the sustenance guy, the destroyer is a guy sitting next door who wants to disrupt me. Is it not happening in every industry? So I tell the Board that guys, let’s flip all the presentations, my quarterly report typically talks about growth, profitability, CSR, what is the impact on the brand, I mean the normal items that every board measures you at. Now I am saying let’s flip it because we want to be the winner in this age of disruption. The first slide should be who can disrupt us. Is it a fair way of merging the roles? Number two is what will we create that will disrupt others and then we come to the normal sustenance kind of a business and I think if we follow that habit and it doesn’t matter whether we do it in the government or we do it as an individual. I think we will remain relevant maybe we will become winners. Jeff Bezos, the world’s wealthiest man, Is he the destroyer? Probably by the time another decade goes through and if Jeff Bezos remains on his path I think the destroyer word will be replaced by amazonify. Just think about it, the books business, the food business, the retail business, and the healthcare business to some extent and now if he chooses to enter banking. What is he doing differently? Ultimately he’s finding the inefficiency in others.

To me, businesses have always existed. People give Airbnb example but to me that businesses have existed for 100 years. People rented their flats, houses, people have continuously given away their assets on a weekly basis, on a daily basis, for some of us who belong to Delhi we even remember that the government had a scheme during the Asian Games “Athithi Devo Bhava” that we don’t have enough hotel rooms please become the host and allow the guests to come and stay in your house. Now was that called Airbnb? So point again is that history has not only examples but practices that some of us choose to ignore. Nokia and Blackberry ignored touch phone, somebody took an opportunity and made a business out of it. So we can go through all the examples ultimately we have to look at the only critical asset in this whole equation which is people. Now the question for all of us is how to make people ready to allow not to be disrupted but to become the disruptors. And how do we get down to a level where it is not one company or ten companies but where it is many companies. In Saudi Arabia, they have come up with a vision statement called 2030. Prince Salman is a challenger, he is the ruler and he is the challenger. Now if that man is challenging the whole of Saudi Arabia to move away from the oil-based economy to an alternate energy based economy I think he is showing a determination.

To me, the biggest destroyer is not Lord Shiva, the biggest destroyer is a guy called Elon Musk. See what is he doing?   Tesla is an example, he finally sent a spaceship and see what he did to the Finance Industry with Paypal, with SpaceX and Hyperloop he will destroy the airline industry. Now think about him as a genius- he is saying a car battery that is being used in a Tesla during the day will power the fuel at your house in the night. I mean he created a billion dollar industry out of solar panels or the solar cells. Let’s think about it, there is a power storage which is sitting in your car when it is not being used why it cannot be used to power your house. We have only looked up at one point of view think about the solar panel continuously charging. We suddenly solve the problem of storage of power. I mean today we assume the solar power is only available when the temperature outside is 30, 36 or 42 degree.

So I can only request to all of you, first play the role of Brahma, Vishnu, and Mahesh in your own lives. And if you do it and if you become relevant if you become the challenger and if you become the Elon Musk, we will come out as winners as we have to start with ourselves, most of us have the answers but we choose to become the Robots. Let’s not worry about artificial intelligence rather worry about enhanced intelligence. Let’s use the extra intelligence that we all have. I want to again request everybody that the Trinity or the three lords that we all follow by worshipping in different formats in Hindu Mythology there is a message there and if you follow it and if you merge those roles and if you interchange those roles I think there is a winning strategy and we need to start ourselves so I want to say thank you guys and thank you so much.

Watch full video on AIMA YouTube channel –

Share Button

Nandan Nilekani explains how India is going Digital

Nandan Nilekani, Non-Executive Chairman, Infosys Ltd., speaking on 'Disrupting the Disrupter' at the AIMA's 62nd FoundationDay

Nandan Nilekani, Non-Executive Chairman, Infosys Ltd., speaking on ‘Disrupting the Disrupter’ at the AIMA’s 62nd FoundationDay

Nandan Nilekani, Non-Executive Chairman, Infosys and the chief architect of Aadhaar shares how India is going digital and transforming into a Post Paid Economy using Data. 

Today I’ll speak about ‘Disrupting the Disruptor: Finding the next Big Idea’ and I’ll try to give you an idea of what’s happening in India in the world of digital technology, and why is it so special and so unique and why it has such a big impact on our business.

I will talk about three fundamental trends and I would put the facts and figures at your disposal on how India is becoming digital, which means it is becoming paperless and cashless; how is GST becoming business compliant and why is it so strategic for the economy, what’s the impact of that; and what is the role of data in India’s future because data is the most strategic asset of the 21st century. Today, huge battles are being fought all over the world for data. The big issue is the rise of the internet Giants who have huge amounts of data and on that data, they are able to apply AI and keep getting better. So fundamentally what is India’s strategy in terms of data to be a powerful country in the age of data and AI and machine learning?
Continue reading

Share Button

HR should stop doing politics – D Shivakumar

A special session on ‘Reimagining HR: New Competencies for the Future’ was held at AIMA’s 15th National HRM summit on 6th December 2017 at New Delhi.

D Shivakumar, Group Executive President - Corporate Strategy & Business Development, Aditya Birla Management Corporation Pvt Ltd. at AIMA's 15th National HRM Summit.

D Shivakumar, Group Executive President – Corporate Strategy & Business Development, Aditya Birla Management Corporation Pvt Ltd. at AIMA’s 15th National HRM Summit.

Below is an excerpt from the Q & A session between Pankaj Bansal, Co-Founder & CEO, People Strong and D Shivakumar, Group Executive President – Corporate Strategy & Business Development, Aditya Birla Management Corporation Pvt Ltd.

When we reimagine HR, what do you think should HR stop doing?

I think HR is very important and should evolve with the times. I talk to a number of people across the industry, and I would say that in many organizations, HR is seen as a political unit. Why do people feel that? First HRs should rid themselves of politics. HR has a lot of confidential information, HR should not trade in that. The HR department should be staffed with people who can maintain high confidentiality. The biggest problem in every company is that people say HR people blabber, and hence they do not trust them. So the dividing line between a good performer who needs to be promoted and somebody who doesn’t need to be promoted etc. is becoming a problem.

Continue reading

Share Button

Functional Smartness Vs Business Smartness – Navi Radjou

Navi Radjou at AIMA's 15th National HRM Summit

Navi Radjou at AIMA’s 15th National HRM Summit

Navi Radjou, Innovation and Leadership Thinker/Advisor (Silicon Valley), Author of Conscious Society (2018), Co-author of Frugal Innovation and From Smart To Wise sharing his insights on ‘Beyond Smartness: Leading Wisely in a Conscious Society’ at AIMA’s 15th National HRM Summit 2017.

Assuming we are entering the age of disruption, that is going to happen and is already happening, it’s a given now. How are you going to deal with this disruption? I think there are two approaches, there is a smart approach and there is a wise approach. Of course, if I were standing at Silicon Valley, where I live, and ask these questions to HR leaders there, they will say of course we need to address this disruption smartly because it’s all about smartness in Silicon Valley. And it is true because in the Western societies and increasingly in developing countries like India, smartness, and particularly intelligence, sells well. We heard about marketing right? So anything smart packaged as a marketing slogan sells well, for example, smartphones, we will be wearing soon smart clothes, smart appliances at home, like smart fridges that talk to us. We also have smart homes and buildings now, and then everybody is obsessed now about building smart cities. And not only that, it goes even further because if you read Yuval Noah Harari’s book. It is about man’s attempt to become God. And his interpretation of God is the ultimate mind, the super smart, or as Aurobindo calls, the supermind. And what he’s saying is that essentially we are not smart enough and the rich people in the future will be able to use, like embed technology in their brain to augment intelligence, we call it augmented intelligence.

Continue reading

Share Button

India Ready for the Big Leap Forward – Lord Karan Bilimoria

Lord Karan Bilimoria, CBE DL, Chairman, Cobra Beer addressing AIMA's Diamond Jubilee National Management Convention

Lord Karan Bilimoria, CBE DL, Chairman, Cobra Beer addressing AIMA’s Diamond Jubilee National Management Convention

Lord Karan Bilimoria, CBE DL, Chairman, Cobra Beer Partnership speaking about taking India to the greater heights, at AIMA’s Diamond Jubilee National Management Convention. Read Excerpts from his speech 

Congratulations to AIMA on your Diamond Jubilee, I’ve just come down from London via Dehradun. My mother lives in Dehradun, 81 years old, and I went to see her. And I met with the commanding officer of the Second fifth Gurkha Rifles frontier force, my father’s battalion, which he commanded in the liberation of Bangladesh. Dehradun is where I first got to know Sunil Munjal, it was my father who introduced me to Sunil when they were both members of the board of the Doon School. And he said to me, you must meet this impressive young man, he’s really good. My father was a very good judge of character, and I’m now so proud that this impressive young man is a very good friend of mine, he’s now chairman of the board of Doon School.
Continue reading

Share Button

Reimagining India with Rajiv Kumar, Vice Chairman, NITI Aayog

India has become a leading country in the world, but it still has some way to go before it can consider itself a truly great nation. India needs to reimagine itself as a nation without poverty and shortages and as a nation of capability and prosperity. NITI Aayog has to play a pivotal role in shaping the transformative policies and improving policy outcomes.

Rajiv Kumar, Vice Chairman, NITI Aayog sharing key insights on the ‘ReImagining India’ at #AIMA‘s Diamond Jubilee National Management Convention (#NMC) 2017. Read excerpts –

Rajiv Kumar, Vice Chairman, NITI Aayog addressing AIMA's Diamond Jubilee National Management Convention

Rajiv Kumar, Vice Chairman, NITI Aayog addressing AIMA’s Diamond Jubilee National Management Convention

Let me start off by complimenting ourselves, as Indians, for being in the midst of what I’ve always called India’s historically unique attempt at undertaking a triple transition simultaneously. I don’t see anywhere else in history or geography that there are other countries that have taken the social, political, and economic transitions simultaneously, these have always been sequential, and that’s something we’ve had to do because of what we were and what our independent leaders of our national movement decided. They simply decided that India could not afford to first take the economic transition where all the liberties would be closed and there would be no democracies and so on, and Mr Ambedkar ensured that you couldn’t undertake an economic transition without the social transition. And if you look at this huge achievement that we have had over the last 70 years, we very often tend to underestimate that. The inversion of the social pyramid in our country, where you’ve had a Dalit woman being the chief minister of the largest province in our country thrice, has been achieved practically and democratically without any bloodshed or violence. And states after states from Tamil Nadu to Bihar to UP we’ve seen that social transition happens over the last 70 years which for example cost millions of lives in the Soviet Union and China, and is doing so in Africa at the moment.

Continue reading

Share Button

Shaping the Future of Indian Cinema

Rakeysh Omprakash Mehra, Film Director, Producer, Screenwriter sharing key insights on the ‘Future of Indian #Cinema’ at #AIMA‘s Diamond Jubilee National Management Convention (#NMC) 2017. Read excerpts –

Rakeysh Omprakash Mehra Film Director, Producer, Screenwriter delivering a keynote Address at #DiamondJubileeNMC

Rakeysh Omprakash Mehra Film Director, Producer, Screenwriter delivering a Keynote Address at #DiamondJubileeNMC

To understand any future let’s understand the past first. We got independence in 1947 and our early films, like the first five-year plan, had a lot of hope. It was about a nation coming together, a nation was born and there were a lot of dreams at that point in time because we were building a nation. We had films like “Naya daur, Saathi hath badhana, Ye desh hai veer javano ka ” and those were the kind of emotions but something started happening towards the end of the 1950s. For the first time we saw the main protagonist, and no gender bias here but mostly that time it was male-dominated kind of stories being told as the main protagonist, and for the first time we saw a hero being a black marketer in Devanand in Kalabazar. So here was the nation who had a problem with police coming into the neighborhood not even into their homes and we then accepted a hero who was actually a black marketer, a thief, Jaal all these movies. What happened? Was it the Bengal Drought? Was it the two wars with Pakistan, was it poverty, had we woken up from the dream of independence in free India and we understood what a momentous task lies in front of us after gaining the independence and then we lost the China war and movies were reflecting that. Every youngster wanted to have a stubble like Devdas and die as such. You know it was a doomsday kind of thing. “Jinhe naaz hai hind par wo kaha hai, Jalado jalado ye duniya” it became the iconic and the subconscious of the nation. The political system was failing; the first prime minister was dead, there were chaos, joblessness, long lines for everything. We didn’t have any ideology, neither capitalist nor communist, it was a mixed economy. We wanted to take the good of both the economies and also attracted the evil of both the systems as such and became expert at that, as the time would tell. So we invented escapist cinema and somewhere in the late 60s our hero, which is Shamikapoor, started dancing, he started that. So we accepted a new kind of man who now dances he is still dancing I don’t know why but maybe we still need that escapism. It always beats me. So if you notice, a lot of us would know that the hero before Shamikapor never danced. Dileep kumar, Devanand, Rajkapoor, Motilal, Ashok Kumar, K.L Sehgal the iconic ones, they never danced. We left it to the grace of the fairer sex. And in those even dances were very classical.

Continue reading

Share Button

Creating a Trillion Dollar Digital Economy – Shri Ravi Shankar Prasad on Digital India

Shri Ravi Shankar Prasad, Minister of Law and Justice; Electronics and Information Technology, Government of India addressing AIMA's Diamond Jubilee National Management Convention (NMC) 2017

Shri Ravi Shankar Prasad, Minister of Law and Justice; Electronics and Information Technology, Government of India addressing AIMA’s Diamond Jubilee National Management Convention (NMC) 2017

Shri Ravi Shankar Prasad, Minister of Law and Justice; Electronics and Information Technology, Government of India sharing his thoughts on Digitisation, #Digital Economy, and #Digitalindia at #AIMA‘s Diamond Jubilee National Management Convention (#NMC) 2017. Read excerpts –

Ladies and gentlemen, I have 20 minutes left, I’ll try to be as brief and as bullet points as possible. You know whenever you come with an Idea, certain hiccups are there. I remember when I was the minister in Vajpayee Government, the National Highway Program was started and Vajpayee was men of few words, sitting in a meeting and there was a lot of opposition “Jamin kaha se ayegi, Kashmir se Kanyakumari, Silchar se Surat 4 lane 6 lane highway kaise banega, kisan pareshan honge”. Vajpayee ji kept on listening and lastly uttered one word “Karna hai” that’s all. The Boss said enough is enough. About 10 months ago I had gone to Kanyakumari in a function. And I was told Kashmir to Kanyakumari 6 lane highway ends just adjacent to the area where the function was held… I said “Let me drive on this highway, I will not get time to drive all the way from Kashmir to Kanyakumari but let me have a feel. That if there is an idea, there is a commitment, results happen.

To speak about digitization today, when the computer came what was the objection? “Naukri chali jayegi computer aa gya” many of our own party people were also having the problem but today computer, leave aside killing jobs, became one of the biggest generators of jobs. Why I am speaking all this to you today is “1. Trust the potential of India’s talent, 2. Have faith in the innovative spirit of Indians, 3. Share the sheer optimism which young India is seeking to propel”. These three things I would like to highlight at the very outset.

Continue reading

Share Button

‘We are in the best of times’ – N Chandrasekaran addressing AIMA Award Ceremony

Mr N Chandrasekaran, Chairman, Tata Sons addressing the JRD TATA award ceremony

Mr N Chandrasekaran, Chairman, Tata Sons addressing the JRD TATA award ceremony

It is a unique privilege and honor to share a few thoughts with all of you this evening. It has been a great privilege for me to receive the AIMA JRD Tata Corporate Leadership award for 2016. I want to thank the Jury for selecting me for this honor. It is special for me because it is named after JRD. Even in our group the highest award given to our group companies that excel at highest levels is named after JRD.

Today we are going to talk about leadership and JRD has exemplified leadership in multiple dimensions. One area that was close to his heart is excellence. His famous quote that everyone probably remembers, I quote “One must forever strive for excellence, or even perfection, in any task, however small, and never be satisfied with second best”. All of us who run businesses know how true this statement is. if you want to build world-class companies. And how hard it is to achieve this level of excellence and to survive competition and continue to succeed.

Continue reading

Share Button

Vice President of India, Shri Hamid Ansari addressing AIMA JRD Tata Award

Shri Hamid Ansari, the (then) Vice President of India, addressing AIMA – JRD Tata Corporate Leadership Award ceremony. 

Shri Hamid Ansari, Vice President of India addressing AIMA JRD Tata Award Ceremony

Shri Hamid Ansari, Vice President of India addressing AIMA JRD Tata Award Ceremony

Shri Sunil Munjal, Shri Chandrashekhar, Shri Mohandas Pal, Shri Nikhil Swahney, Shri Sanjay Kirloskar, Miss Rekha Sethi, distinguished guests, ladies, and gentlemen. Some years back two management gurus had postulated that in a complex and dynamic global competitive environment adaptive capability is the key to survival and growth and that Indian businesses will find themselves on the road to rapid growth when they learn to think and act adaptively. The challenge before the Indian corporate sector today in the face of continuing low level of global growth and rapid changes in the technology of production and preferences of the end consumers is how to sustain their growth in times of recession that endangers protectionist regimes while competing in a fast evolving technological landscape.

Continue reading

Share Button