Wednesday, May 27, 2009

Competing With The Best: Managing Strategically

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“If you can run your business in India successfully, you will definitely be better prepared to face any other economy in the world. If nothing, at least you will be able to learn once you are outside”, says Dr. Rajnish Karki, the author of “COMPETING WITH THE BEST”. He further adds, “The sheer scale of Indian market offers both opportunities and challenges. While the complex nature of Indian market makes it a difficult nut to crack but those who persisted has succeeded.”

In an open interaction today in the pristine premises of the India Habitat Centre, New Delhi with Kiran Karnik, the former president of NASSCOM and currently Chairman, Satyam Computers, donning the role of anchor host, it was an evening worth it. Among industry bigwigs the session went beyond the immediate limits of the special session. Questions as wide as plummeting share market and corporate fraud and Tata’s acquisition were discussed. The market Czars discussed what constitutes the constraints now that India is no more a sellers market.

The book has the theme that global-focussed configuration was something unthinkable till 1990s. What followed has been an epoch making development for the Indian economy in general and Indian corporate world in particular. The credit for all this, said Dr Karnik in response to a question, definitely goes to the industry more than anything else.
Dr. Karki repeatedly talked about the unique Indianness about the way Indian companies work. He especially quoted the way Tatas carried out their execution. The IIM Alumni who has also taught strategic management there when asked for the reason behind the frustration of business school guys said that today’s youth lack the humility content. What a manager earlier expected after 20 years of service has begun to demand for more than that in just six months. Though the panel and the audience expressed confidence in the Indian entrepreneurs but confessed it could have been much better otherwise.
Detail abouth the author can be found at http://www.karkiassociates.com/

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