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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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Every Management student and future Business Manager would do well to study and understand more about how certain Organizations build brand leadership and keep growing. Some of the global brand names like Apple, Sony, Reebok, Nike, Samsung, and companies like Dell, IBM, HP, Xerox, GE, Motorola not to forget a host of other technology Companies such as Microsoft, Google, Sun Microsystems, Oracle etc have been trail blazers and continue to dominate global markets.

It is quite natural for you to wonder as to what makes these Organizations become leaders in their chosen market and more importantly grow the brand and grow the Organization too, over a long period of time.

The number of businesses that create a flutter in the market and then fade out within a couple of years is much higher than the businesses that grow from strength to strength.

It is quite true that these hugely successful Organizations do things differently than the rest of the businesses and hence they survive and grow. They stand out for being different in all aspects of their management style, their approach to the entire business including their product and service, management culture, Organizational culture, management and operational processes and systems etc.

The way they approach their human resource and talent pool as well as their business model would be distinctly different from the rest. More importantly the way they tune into their market, their market intelligence, their efforts to understand customer expectations and keep ahead of competition in terms of product innovation and by leveraging on technology and building a definite value proposition that is superior to competition makes them the brand leaders.

Organizations like Google, IBM etc are relatively young Organizations as compared to GE, Xerox and others. One thing that is very evident and common amongst all these leaders is their approach and culture to their human resource development. These Organizations pursue customer service, product innovation as the key drivers to their value proposition to their customers.

The entire Organizations in these cases, are sensitized and promote a culture that encourages entrepreneurial spirit and customer friendly attitude from each and every employee of their Organization.

These Organizations are known to recruit young talent and invest in them through customized training to mould them into the Organizational thinking style and belong to the culture of the Organization. At the same time, to promote product innovation, they encourage employees to experiment and think out of the box. For being daring and taking risks, employees are not punished but encouraged and supported.

Over a period of time, they develop training programs as well as a culture that is conducive to and one that attracts creative talent. With the right set of talent, product innovation and business strategy innovation starts happening automatically.

If you observe the attitude and thinking of the management of these successful Organizations, you will see that streak of breakthrough creativity, intelligence, dynamic leadership, entrepreneurial outlook, a thirst for excelling in their chosen field and clear set of values and principles that form part of the guiding philosophy and vision for their Organizations.

These leaders thrive on focusing and excelling in their chosen field. When it comes to their customers, they leave no stone unturned to ensure that their value proposition is consistently superior leaving the customers no choice but to allege their loyalty whole heartedly.

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