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Organisations with revenues of Rs 14,000 cr to Rs 60,000 cr focus more on innovation: Report

Publication - The Hindu Business Line

Publish Date - 2018-09-27

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Source - Bureau

Word count - 262

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Edition - Online Web

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Language - English

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Organisions with annual revenues ranging between Rs 100 crore and Rs 4,000 crore have highlighted the need for people leadership, whereas those companies whose revenues are between Rs 4,000 crore to Rs 14,000 crore considered organisational capability as the most urgent need, according to a report released by the All-India Management Association (AIMA) in collaboration with KPMG.

In the fifth edition of the Management Capability Development Index report, it added that organisations with annual revenues ranging between Rs 14,000 crore and Rs 60,000 crore rated innovation as the focus area.

Ten management capability dimensions were taken into consideration which included organisational capability, external relationships, integrity and corporate governance, financial leadership, innovation in products and services, application of technology and knowledge, people leadership and self development, visionary and strategic relationships focus on getting results and performance leadership.

“The report is aimed at helping organisations benchmark their management practices against the overall Indian business scenario as well as against businesses that are similar in nature. The report gives an opportunity to take a close look at your current performance, identify the areas of improvement, get potential indicators for growth and gain credible insights for making a positive impact to your business practices,” said T.V. Mohandas Pai, President AIMA.

One of the findings of the report mentions that North India-based firms (due to high ratings from healthcare and technology) and West India-based firms (fuelled by high ratings from financial and professional services) were more confident of their capabilities than South and East India-based organisations.

Manufacturing, financial and insurance services and education were among the sectors which participated in the report.

  • AIMA