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FROM ISB Admissions Blog: Updates on Family Business |
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FROM ISB Admissions Blog: Updates on Family Business |
Who will bell the Cat? https://myimpact.impactmeasurement.co.in ... b4e246e2d6 Tatas take control of AirAsia India with new CEO Sunil Bhaskaran, board https://www.business-standard.com/artic ... 091_1.html How a Sindhi family went from running a shop to managing $1.8 bn multinational https://www.hindustantimes.com/business ... WAsQI.html How Indian family businesses are taking on MNCs in deodorant industry https://economictimes.indiatimes.com/ar ... aign=cppst Why Asia’s family owned corporations need to plan for the future https://www.financeasia.com/News/447622 ... uture.aspx |
FROM ISB Admissions Blog: ILS Summit 2018 (Hyderabad) |
Every year ISB hosts a thought leadership summit-the ISB Leadership Summit (ILS), inviting exciting and extraordinary leaders from the worlds of business, politics, media and entertainment and sports. These brilliant leaders share their inspiring personal journeys and innovative ideas across a series of individual talks, panel discussions an ‘fireside’ chats. This year’s ILS theme, ‘Catalysts of Change’, was chosen to signify the importance of change in the world we live in. With the advent of better and faster technology, disruptions are occurring at break-neck speeds, in some of our traditional industries. Today, more people are tapping into their inner entrepreneur and starting bold new ventures. These young, driven individuals combined with some fascinating technology, are responsible for some truly exceptional innovations in various fields. This year, ILS kicked off on 8th September, with an extremely relevant topic- ‘Breaking the glass ceiling’. On the panel were three truly remarkable women-Durga Raghunath, (alum and CEO, Indian Express Digital), Asha Kharga, (CMO, Axis Bank) and Richa Kar (Founder, Zivame), with our very own Prof. Deepa Mani moderating. The women spoke about their journeys and the unique insights they bring to their jobs. They also emphasized the importance of supporting other women in the workforce (God knows we need this, as only ~5% of S&P 500 companies have women CEOs. That’s a pretty dismal statistic. And that’s in America.) With some stellar moderating by Prof. Deepa Mani, the panel was extremely engaging, and ILS was off to a great start. Day 1 also saw a key note speech by Indigo CEO designate Mr. Gregory Taylor followed by a panel discussion moderated by our Prof. Chandrasekhar Sripada on the increasing importance of HR in an organization. This was followed by our ‘Animal Spirits’ panel, with young, exciting entrepreneurs such as Vivek Sunder (COO, Swiggy), Amuleek Singh (Founder CEO, Chaipoint), Rohan Mirchandani (Co-founder, CEO, Epigamia) and VC queen, Sequoia Capital’s Anjana Sasidharan. In the evening, a packed house greeted actress and comedienne Mallika Dua, who cracked us all up with her witty one-liners. The last and most awaited session of the day saw Ajit Andhare (alum and COO Viacom18) and ‘Bhagwaan’ aka Nawazzuddin Siddiqui talk about their new movie ‘Manto’, which deals with the timely topic of freedom of expression. In an auditorium that was packed to the rafters, Mr. Siddiqui regaled us with humorous anecdotes from his various movies and had us all cheering and laughing along with him, and day 1 ended on a truly high note. The second day kicked off with our political panel “The Journey to 2019’ with speakers from the two national parties as well as regional parties such as TDP and TRS. As expected, the discussion was heated and yes, even entertaining, with Mr. Asaduddin Owaisi (MP, AIMIM) and Mr. Ramchander Rao (MLC, BJP), often debating passionately on the various topics. The afternoon saw a panel discussion on the ‘Sharing economy’, moderated by Prof. Bhagwan Chowdhary with Greg Moran (Co-founder, CEO, Zoomcar) and Ryan Bennett (CEO, WeWork), talking about the future potential of such innovative ‘sharing’ products and services. After this, ILS took a decidedly creative turn with Abhijeet Awasthi (Ogilvy & Mather) and Soumya Parmar (Twitter), in conversation with each other about traditional Tv ads vs new-age digital advertising. The evening saw an address by Rega Jha (Former editor, Buzzfeed India) where she walked us through her hilarious presentation on the 7 things she learned while building Buzzfeed at 22. The speech was relatable, uproariously funny and had the audience in splits. Saving the best for the last, the final session of the summit was master political strategist Prashant Kishor’s first public interview. With veteran journalist Sankarshan Thakur conducting the interview, Mr. Kishor spoke about his work with various politicians from competing parties. Articulate and diplomatic, he also announced that he would no longer go back to managing political campaigns. With frenzied interest, the session saw intense media coverage from all the leading news outlets of the country the next day and brand ISB/ILS reached millions of people pan India the next day. With this engaging and insightful session, ILS 2018 came to an end. Through these two days, we got to hear from some of the most remarkable minds in the country, as they chased their dreams, build important things and changed the world around us. Also, for the first time in 16 years, ILS would now undertake a brand repositioning and transition from a summit to a content platform. This would mean that the cohort would see more relevant path-breaking content coming from the ILS stable throughout the year in the form of ‘ILS Masterclass’ Sanaya Manek Kalyaniwala PGP Class of 2018 |
FROM ISB Admissions Blog: Updates on Family Business |
Reliance declares intent to enter rapid transportation; buys 12.7% in US-based Skytran – https://m.businesstoday.in/story/reliance-industries-acquires-stake-in-personal-rapid-transit-company-skytran/1/285653.html India business is growing at a faster clip than other regions: Michael Dell – https://m.economictimes.com/tech/hardwa ... 253826.cms Harsh Mariwala steps up focus on startups for a well-rounded portfolio – https://m.economictimes.com/small-biz/startups/newsbuzz/harsh-mariwala-steps-up-focus-on-startups-for-a-well-rounded-portfolio/articleshow/66281054.cms Mahindra and Mahindra, Ford sign two pacts on powertrains, connected solutions – https://www.financialexpress.com/industry/mahindra-and-mahindra-ford-sign-two-pacts-on-powertrains-connected-solutions/1352977/ |
FROM ISB Admissions Blog: Rapid Adoption of Blockchain Could Transform Emerging Economies into Financial Juggernauts – A Perspective |
A blockchain disruption is awaiting to unfold. While blockchain’s adoption would enforce transparency, security, regulatory compliance, robustness, non-repudiation, high availability, auditability & governance, its application would curtail Non-Performing Asset (NPA), impending frauds and political interference. Banking & Financial Services Industries (BFSI) would never be the same again with blockchain’s approach to inclusivity and quality, reducing operational overheads, commissions/fees while increasing profitability and earnings per share (EPS), eventually winning shareholders’ loyalties. In summary, blockchain could significantly add value through disintermediation; however, its adoption timeline could be longer. Are Investment Banks Jittery About Blockchain? Unlike any other industry, which gets affected by recession, top US banks, except Lehman Brothers, have always remained amongst the top despite multiple recessions impacting everybody else. The reason is simple – banks have primarily made money in capital markets by being sole intermediaries – something no one else has license to. For instance: top 10 investment banks alone charge nearly USD100 billion in annual fee income (Indian data is not entirely available: Link). Source: Financial Times League Table Please click here to read the full article Author: Vijay Kumar | Published on October 17, 2018 |
FROM ISB Admissions Blog: Family Business Updates |
Delhi is home to 163 mega billionaires; Shiv Nadar tops rich list https://www.businesstoday.in/current/co ... 84499.html NEXT GENS LEAD FAMILY CHARGE FOR SUSTAINABLE AND IMPACT INVESTING https://www.campdenfb.com/article/next-g ... -investing Benetton Death Opens Succession Dilemma at Billionaire Family https://www.bloomberg.com/news/articles ... dies-at-77 The Family Business: Building the Legacy https://www.piworld.com/post/the-family ... he-legacy/ |
FROM ISB Admissions Blog: Family Business Updates |
Shipping cannot be a family-run business? These six families disagree – https://economictimes.indiatimes.com/in ... 423590.cms Record billionaire wealth creating new power families – https://www.campdenfb.com/article/record ... r-families What family-run businesses do to resolve conflicts within – https://economictimes.indiatimes.com/ne ... aign=cppst She’s the Turnaround Wizard in Korea That Buyout Firms Call – https://www.bloomberg.com/news/articles/2018-10-31/she-s-the-turnaround-wizard-in-korea-that-buyout-firms-call Meet the Next Generation of Italy’s Business Dynasties – https://www.bloomberg.com/news/articles/2018-10-31/meet-the-next-generation-of-italy-s-business-dynasties |
FROM ISB Admissions Blog: Updates on Family Business |
Institution Building : What Family Businesses can Learn from MERCK- https://content.yudu.com/web/fiqy/0A437 ... gin=reader Rich Asians crazy about securing wealth spark family office boom in Hong Kong, Singapore – https://www.business-standard.com/article/reuters/rich-asians-crazy-about-securing-wealth-spark-family-office-boom-in-hong-kong-singapore-118110500921_1.html This Entrepreneur is taking Family Business to New Scale with Tech : Saraf Furniture – https://bizztor.com/in/saraf-furniture/ Growing Family Businesses face Next Gen Conundrum Says Top 75 – https://www.campdenfb.com/article/growing-family-businesses-face-next-gen-conundrum-says-top-75-report Viewpoint: Schoeller Group – Eight generations of entrepreneurship and innovation – https://www.famcap.com/2018/10/viewpoint-schoeller-group-eight-generations-of-entrepreneurship-and-innovation/ |
FROM ISB Admissions Blog: Updates on Family Business |
Tata SIA Airlines eyes all-stock merger of Vistara with Jet Airways – //economictimes.indiatimes.com/articleshow/66628400.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Lee Kum Kee Family Receives First Hong Kong “EY Family Business Award of Excellence” – https://markets.businessinsider.com/new ... 1027715087 China family businesses outperform global counterparts- https://www.verdict.co.uk/private-banker-international/news/china-family-businesses-outperform-global-counterparts/ Family Migration Drives Multi Family Heavy Weights into Strategic Tie-Up- https://www.campdenfb.com/article/family-migration-drives-multi-family-heavyweights-strategic-tie |
FROM ISB Admissions Blog: Updates on Family Business |
The $2-billion Indian health empire run by four sisters makes a comeback – //economictimes.indiatimes.com/articleshow/66729779.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst View from Asia – Pacific : The art of giving – https://www.campdenfb.com/article/view-asia-pacific-art-giving KM Birla’s son Aryaman aims to create his own legacy – https://economictimes.indiatimes.com/magazines/panache/aryaman-doesnt-want-to-join-father-km-birlas-44-bn-family-business-will-create-his-own-legacy/articleshow/66649196.cms Akshaypat Singhania aims at startups with a corpus of Rs 100 crores //economictimes.indiatimes.com/articleshow/66701791.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst |
FROM ISB Admissions Blog: News on Family Business |
Real estate is fastest-growing business in India and the opportunities are huge: Adi Godrej https://economictimes.indiatimes.com/ma ... aign=cppst 3rd-Gen Filipino Entrepreneur Leaves Legal Practice in US to Head Family Business https://www.entrepreneur.com/article/323797 Victor Li Wants New China Tech to Transform Father’s Old Empire https://www.bloomberg.com/news/articles ... old-empire Leela Suitor Is Said to Plan Overseas Expansion for Indian Chain https://www.bloomberg.com/news/articles ... dian-chain |
FROM ISB Admissions Blog: Fair winds, smooth waves and Sha-no Varuna! |
While in the Navy, I gained diverse leadership experience, of both uniformed and civilian teams, in operational and technical tasks. On the verge of my transition, I was curious if, and how, these would translate into the corporate sector. Along with this, I wanted a foundation in Business concepts across Strategy, Finance, Branding and Marketing, which I had not been exposed to earlier, but would need in senior leadership roles going forward. I am delighted that the Indian School of Business (ISB) provided me with all the necessary attributes and more via its Post Graduate Programme in Management (PGP). From being elected President of and by the largest PGP Class, till date, to spending late nights with the much younger, but incredibly talented, cohort chasing goals in academics and sports; to balancing the hectic campus life with spending time with my family that lived outside the campus – that one year gave me the grounding and time management skills that I did not even know I needed. I was then selected into one of the most coveted B-School placement avenues – the Amazon Pathways programme, and I received the Global Student leadership award by the top 70 B-Schools. These were the things dreams were made of for me. About 18 months after my graduation, I look back with a smile at the astute of the multiple decisions made and the learnings that ISB and its faculty and my terrific classmates have provided me with. It is these learnings that have helped me work in regions across the Middle East and North Africa in an entirely new domain of Customer Experience improvement while integrating Souq.com with Amazon post the acquisition. As a proud retired veteran, my heartfelt greetings to all the Men and Women in White who continue to sail the blue waters to ensure that the nation can sleep in peace. A privilege to have been in such a magnificent team for two decades. Fair winds, smooth waves and ‘Sha-no Varuna’! Retd Cdr Shyam Nambier, Class of 2017, Senior Program Manager, Amazon |
FROM ISB Admissions Blog: Updates on Family Business |
Indian ultra-rich increasingly taking family office route for investments https://www.businesstoday.in/current/economy-politics/indian-ultra-rich-increasingly-taking-family-office-route-for-investments/story/297026.html Family Businesses Outperform Other Companies – The CS Family 1000 Report https://www.tharawat-magazine.com/facts/family-businesses-outperform-other-companies-the-cs-family-1000-report/#gs.03stpt4 Remembering JRD Tata: The maverick entrepreneur, splendid aviator and humble leader https://www.moneycontrol.com/news/business/remembering-jrd-tata-aviator-entrepreneur-humanitarian-3231821.html Leadership and Team Management in a Family Business https://www.entrepreneur.com/article/324280 |
FROM ISB Admissions Blog: Family Business News |
The Return of Tatas as India’s Steel King https://economictimes.indiatimes.com/in ... 065957.cms Family Office Growth Rockets but Succession Planning Lags in India https://www.campdenfb.com/article/family ... lags-india Meet the Patnis: How a business family that invests together, stays together https://economictimes.indiatimes.com/ma ... aign=cppst British Indian steel tycoon clinches US acquisition deal https://www.businesstoday.in/pti-feed/b ... 97037.html |
FROM ISB Admissions Blog: Updates on Family Business |
Boards need to play active role in succession planning https://www.livemint.com/Companies/jTuTKwuswyUllCtkkfDk8I/Boards-need-to-play-active-role-in-succession-planning.html Bangkok’s riverboat queens https://www.forbesindia.com/article/cross-border/bangkoks-riverboat-queens/51907/1 The Key to Family Longevity https://www.campdenfb.com/article/key-family-longevity Building a matriarchy: Women heading up family businesses https://www.smh.com.au/business/small-business/building-a-matriarchy-women-heading-up-family-businesses-20181210-p50lcs.html |
FROM ISB Admissions Blog: An icon of Social Entrepreneurship |
One of the best things about pursuing an MBA is the constant & numerous sources of inspiration you get to experience during the program. One such event happened on Aug 10th, when Indian School of Business (ISB) had the privilege of hosting ‘Cynthia Hellen’ in Mohali Campus. Cynthia Hellen is a Peruvian-American, entrepreneur, writer-producer-director, technologist, speaker and martial artist. She is the Founder and CEO of SMPLCT Lab (pronounced “simplicity lab”) a socially conscious lab based in New York, that creates sustainable products, services and experiences for people and the planet. (cited from her Linkedin Profile). Cynthia began her session by sharing her journey from being born into a poor family in Peru to become the instrument of change & impact that she is now. At the age of 21, she decided to give up her comfortable life in the USA to go and work in Peru. Despite all the resistance that she faced from her family in the USA, she still went ahead and spent time in various regions of the country to understand the problems in that region. She made an impact by connecting the recycling centre that manufactured plastic wood at Pisco Peru with an engineering college, to help them with design, marketing & funding for 2 years. Over the years, Cynthia has initiated many projects to improve lives, build communities and protect the environment, such as Girls Who Rock, Young Women Social Entrepreneurs, SMPLCT LAB, Innovating Women & Winning Women Series. (For more details on these projects, refer to https://www.cynthiahellen.com/projects). She spoke about Design thinking, social impact investing and the ever-increasing need for social entrepreneurs. Cynthia spoke about gender sensitization & various stereotypes that are still present in our society. She stressed the importance of removing all biases that force us to put tags for gender. She raised questions such as “Why do you associate ‘pretty’ with a woman and ‘mechanic’ with a man”, “why can’t men be ‘pretty’, & why can’t a woman wear makeup and work as a mechanic at the same time”. I walked into the room uninspired, lost in the noise of assignments, exams, grades and other non-relevant things, but I walked out a changed person and I thank Cynthia for bringing the enormous power of inspiration to our campus. Kamni Saxena PGP, Co19 |
FROM ISB Admissions Blog: News on Family Businesses |
Tata Motors’ amazing turnaround in 2018! https://www.financialexpress.com/auto/car-news/tata-motors-amazing-turnaround-in-2018-more-in-store-after-the-stunning-harrier/1425263/ Piramal Enterprises to raise Rs 2,500 crore https://economictimes.indiatimes.com/markets/stocks/news/piramal-enterprises-to-raise-rs-2500-crore-via-ncds/articleshow/67228692.cms Why Family Businesses are Better Equipped to go Global? https://economictimes.indiatimes.com/familybusinessforum/insights/why-family-businesses-are-better-equipped-to-go-global/familybusinessforum_show/66860347.cms India’s Business Families: Redefining the roles https://www.businesstoday.in/magazine/cover-story/indias-business-families/story/16717.html |
FROM ISB Admissions Blog: Tata Motors’ turnaround in 2018..Why Family Businesses are Better Equipped to go Global? |
2018 has been a good year for Tata Motor’s Passenger Vehicle business, coming out of their corner swinging at the Auto Expo 2018, with the showcase of two all-new products that grabbed the public eye and brought attention to the Tata Motors brand. Tata Motors’ amazing turnaround in 2018! https://www.financialexpress.com/auto/car-news/tata-motors-amazing-turnaround-in-2018-more-in-store-after-the-stunning-harrier/1425263/ Piramal Enterprises Monday said it plans to raise Rs 2,500 crore by issuing non-convertible debentures (NCDs) on private placement basis. The administrative committee of the company’s board has approved allotment of 25,000 secured redeemable NCDs having face value of Rs 10 lakh each, aggregating to Rs 2,500 crore on private placement basis, Piramal Enterprises said in a BSE filing Piramal Enterprises to raise Rs 2,500 crore https://economictimes.indiatimes.com/markets/stocks/news/piramal-enterprises-to-raise-rs-2500-crore-via-ncds/articleshow/67228692.cms As per estimates, over 90 per cent of the business in India is from family owned companies. And these range from the ‘Mom and Pop’ Kirana stores to large conglomerates and SME’s. India has about 111 publicly-listed family-owned businesses, the third highest in the world. China tops the tally with 159 such companies followed by the US with 121. What does all this mean? If we have to look at the top 500 family businesses worldwide as a separate entity, they will constitute the third-largest economy considering that the combined annual sales amounted to $6.5 trillion. Why Family Businesses are Better Equipped to go Global? https://economictimes.indiatimes.com/familybusinessforum/insights/why-family-businesses-are-better-equipped-to-go-global/familybusinessforum_show/66860347.cms Yesterday, it was the business as family. Today, it is the family as business. And tomorrow, it will be the business of the family to ensure that there is a future for both the business and the family. India’s Business Families: Redefining the roles https://www.businesstoday.in/magazine/cover-story/indias-business-families/story/16717.html |
FROM ISB Admissions Blog: Updates on Family Business |
Why Family Businesses Need to Find the Right Level of Conflict https://hbr.org/2018/12/why-family-businesses-need-to-find-the-right-level-of-conflict Leadership and Team Management in a Family Business https://www.entrepreneur.com/article/324280 Putting in place a plan for perpetuity https://www.thehindubusinessline.com/specials/people-at-work/putting-in-place-a-plan-for-perpetuity/article25892321.ece VIEW FROM THE GULF: OVERCOMING SUCCESSION FEAR ITSELF https://www.campdenfb.com/article/view-gulf-overcoming-succession-fear-itself |
FROM ISB Admissions Blog: News on Family Business |
PHILANTHROPIC INDIAN FAMILY BUSINESSES OUT-PERFORM NON-FAMILY FIRMS https://www.campdenfb.com/article/philanthropic-indian-family-businesses-out-perform-non-family-firms Succession planning at Emami may go the family trust way https://economictimes.indiatimes.com/news/company/corporate-trends/succession-planning-at-emami-may-go-the-family-trust-way/articleshow/67282254.cms 5 Benefits Of Having A Multigenerational Family Business https://www.forbes.com/sites/nextavenue/2019/01/08/5-benefits-of-having-a-multigenerational-family-business/#18702d2a5247 Fogg maker wants CEO with a ‘family feel’ https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/fogg-maker-wants-ceo-with-a-family-feel/articleshow/67241705.cms |
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