Sep 16, 2021 - India's unicorn boom shows no signs of slowdown

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TradeBriefs Editorial

From the Editor's Desk

Why Do We Undervalue Competent Management?

Neither great leadership nor brilliant strategy matters without operational excellence.

Business schools teach MBA students that you can't compete on the basis of management processes because they're easily copied. Operational effectiveness is table stakes in the competitive universe, according to the strategists. But data from a decade-long research project involving 12,000 firms challenges that thinking.

The study examined how well companies performed 18 core management practices. It found vast differences in how they execute basic tasks like setting targets, running operations, and grooming talent, and that those differences matter: Firms with strong managerial processes do significantly better on high-level metrics such as profitability, growth, and productivity. What's more, the differences in process quality persist over time, suggesting that competent management is not easy to imitate.

In this article the authors review the findings of the research and explore what prevents executives from investing in management capabilities, arguing that such investments are a powerful way to become more competitive.

Continued here


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Amazon clarifies legal fees to minister; Ola Electric lands $200M

Amazon has written to Commerce Minister Piyush Goyal, claiming its legal fees in India for FY20 were Rs 52 crore and not Rs 8,546 crore. In other news, Ola Electric has raised more than $200 million at $3-billion valuation.



Today's TradeBriefs Cartoon

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Anand Mahindra praises Bengaluru's creativity for redesigning idlis in unique form. See pic

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Long-drawn processes pose real danger to acquire defence tech, says Army Chief M M Naravane

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India Pavilion at Expo 2020 Dubai to showcase talent, trade, tradition, tourism, technology

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