Competition and Industry News
Slow-moving policy procedure is hurting start-up growth in India, says Karthik Reddy of Blume Venturesedit
With the pressure of speed and scale, start-ups that are building for international markets/customers cannot afford to be held back by Indian regulations. We don’t see this trend reversing any time soon. Mumbai-based Blume Ventures has been one of the most active ventures with over 120 investments in start-ups across multiple sectors since its inception in 2011. Business Today spoke to its managing partner Karthik Reddy about the coming of age of start-up funding and the role policy can play to spurt Indian entrepreneurial ecosystem.
Publication: Business Today
Date: 17 July 2019
Start-upsStatspeak: Digital Influenceedit
Boston Consulting Group and Google India recently released a report Digital Powers Consumer Durables Report: A $23 billion Opportunity by 2023 which projects healthy growth in sales of televisions, refrigerators, washing machines, air conditioners, microwaves and water purifiers. The report predicts the consumer durables industry will grow at a rate of 13 percent and touch the the $36 million in the next four years.
Publication : Business Standard
Date : July 18, 2019
Digital influenceIndian CFOs keen to ride on economic expansion in 2019: Amex Global Surveyedit
Indian CFOs are quite bullish about the economic growth prospects this year. According to an American Express Global Survey, 80 percent of Indian CFOs surveyed expect a substantial or modest economic expansion in the year ahead, substantially higher than their global peers at 71 percent. Also, 90 percent of Indian CFOs believe that improving cash and working capital management will be more important this year as compared to the last. In all, 180 CFOs and other senior finance executives from Asia and 30 from companies in India participated in the study.
Publication: The Hindu Business Line
Date: 17 July 2019
economyHow Ikea is transforming its business modeledit
In one of Ikea founder Ingvar Kamprad’s last meetings with company managers, he stressed the importance of long-term thinking, saying: “Think about where we should be in 200 years’ time.” When some managers asked if that was thinking too far ahead, he replied: “Of course, but then you make the short-term plan: the next 100 years.”Torbjörn Lööf, chief executive of Inter Ikea Group, is doing his best to put the founder’s words into action, presiding over the most radical shift in the furniture retailer’s business model since Kamprad began selling replicas of his uncle’s kitchen table in 1943.
Publication : Management Today
Date : July 17, 2019
IKEAThe nine dimensions of work that employees care aboutedit
When business leaders think of digital transformation, they need to focus on four levers — business model, talent strategy, leadership style and organisation culture. Changing the culture of the organisation is arguably the toughest lever of the four. The talent strategy complements the business model and the leader’s role lies in leveraging the team at the top to change how every employee drives the transformation in every day behaviour.When you look at the values that organisations articulate on their posters, most sound the same. Customer obsession, integrity, teamwork, innovation, diversity, courage, saving the planet… these have all been used.
Publication : The Hindu Business Line
Date : July 18, 2019
Culture