Risk Management is a highly specialized science today. Its widespread application has helped radically improve the management of businesses. Every company, therefore, strives to control its risks through robust systems for risk management. However, many times fundamental issues in the business processes revolving around the aspect of risk management actually put the whole concept of […]
The Many Forms of Truth
The understanding of truth is a fundamental concern for most executives. It reflects itself in the most fundamental needs of management: data, information, knowledge and wisdom. It is important to understand that truth(s) have different forms and levels. This fundamental understanding actually has two direct fallouts viz., the phenomenon of abstraction due to the levels […]
Out of the Box Thinking: Challenges for Leaders
When new leaders take over their roles, they are often know to change the ways of business. This has essentially two dimensions: The business situation is constantly evolving, thereby, calling for new ideas and business paradigms and The stakeholders have different comfort levels on the appropriateness and competencies of particular leaders, thereby, supporting and welcoming […]
Strategizing Business Process Outsourcing
Outsourcing is the involvement of an external entity to provide someproduct or service to a business usually on a medium to long-term basis. With increased pressures from the markets, countries (especially the developed nations) are skeptically revisiting their once-hailed globalization policies and moving towards protectionist philosophies. In this context, the phenomenon of outsourcing, especially when […]
Advantage Retail
Introduction Retail, most times, is associated with a variety of challenges that are complex due to the spectrum of possibilities that it offers. However, from a pure strategy management point of view, this industry is possibly best positioned due to The ‘distance’ it has to their consumer (practically ‘zero’) giving numerous possibilities to be in-sync […]
The Real Challenges of Real Estate
Introduction The real estate industry is closely watched as it represents a substantial amount of capital in the form of investment for any economy. The sector in India, is now developing through two modes: Organic growth of the smaller players and The entry of big conglomerates. However, as in every business it is not always […]
An Innovative Approach to Project Management
Do you think you can improve your Project Management Style? Modern Project Management finally falls into three models functional, matrix or projectized. Each of these models have been tested with time and have really not stood the acid tests for project management. Seeing this room for innovation, I am currently looking at a model that […]