India – Ground zero for entrepreneurship and innovation

Every day, there is a story or two on e-commerce startups. The regularity of the stories would lead most to believe that India has made its mark on the world’s entrepreneurship landscape. This can be analysed by seeking answers to two key questions:

  • Is entrepreneurship thriving in India?
  • Is entrepreneurship sustainable in India?

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Indian ‘captives’: Value creators in the digital era

The Global In-house Centres (GICs) or Captives contributed revenues of $20 billion in FY 2015, accounting for one-fifth of India’s IT-BPM exports. Starting from the phase when moving up the value chain and improving share of wallet were the key priorities for any captive, today these organisations are an inseparable part of the parent company.

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Innovation portfolio management — an imperative for product innovation excellence

Advancing technology, global competitive pressures and dynamic market expectations have made businesses realize that their sustainability depends on their ability to innovate. Although innovation flourishes in nearly every small and big organization, most of it is still done in isolation and is sometimes not even linked to the company’s strategy. Research elucidates that not all innovations are successful. The issue does not lie in innovating per se but arises from “how” companies manage their innovation process.

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Enhance your Business Performance Management (BPM) framework

Business performance management helps link strategic planning objectives with key operational outcomes and is key to effective strategy execution.

Globally, organisations are facing multiple challenges around managing the complex issue of business performance. They are rethinking their business performance management (BPM) framework to mitigate challenges such as insufficient actionable information, poor linkages between strategic and operational objectives, and inconsistency in financial and operational KPIs (Key Performance Indicators) across different businesses. Milan Sheth, Partner and Technology sector leader shares his thoughts on enhancing business performance management framework.

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A more open approach to innovation

ATOMES-2True to the spirit of the democratic ethos trickling down to the very grassroots of our societies globally, innovation is becoming increasingly democratic today. Companies have begun to realize that the best ideas do not necessarily only originate within the four walls.   Ram Sarvepalli, Leader- Advisory Services, India, Partner- Emerging Markets Center shares his viewpoints on a more open approach to innovation.

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Innovation procurement and value creation

Back view of young man framing picture with fingersInnovation has become a buzzword for companies worldwide. Mention the word ‘innovation’ and most people begin envisioning extraordinary inventions created by solitary geniuses. Simply put, innovation is about unique ideas and/or knowledge that can be translated into new, usable products and services. This requires a great understanding of the need gap towards which the innovation is targeted. In this blog post, Ram Sarvepalli, Partner & Deputy Leader, Advisory Services, EY examines the benefits and value that a proactive approach to innovation procurement can bring to the table.

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