Striving To Be The Best Becoming The Company Of The Future

Corporate Lives Corporate lives has always been full of surprises. For todays managers that is especially true. They have to live with changes of two kinds: They must run their companies through extraordinary technological revolution – and also survive the buffets of an economy that can alter the course with breakneck speed. Changes will have most impact, however, where it is accompanied by the capable management with the support of empowered and intelligent employees. Getting corporate structure right will be just as important for making the best use of Internet Technologies as acquiring the right software and hardware.

Manage Knowledge Values lies increasingly in creative ideas and knowledge. Ideas have value only if people share and developed them in ways that benefit the bottom line; Knowledge is useful only if people can find what they need to know Ideas must flow sideways through a company and from the bottom up – not merely top down. Getting intelligent people to share what is in their heads is vital, and takes more than mere money or clever software. Knowledge is worth storing only if the senior staff set careful rules to filter and structure it. What goes into the database determines the value of what comes out. So setting central rules and standards is key to good knowledge management

Values lies increasingly in creative ideas and knowledge. Ideas have value only if people share and developed them in ways that benefit the bottom line; Knowledge is useful only if people can find what they need to know

Ideas must flow sideways through a company and from the bottom up – not merely top down.

Getting intelligent people to share what is in their heads is vital, and takes more than mere money or clever software.

Knowledge is worth storing only if the senior staff set careful rules to filter and structure it. What goes into the database determines the value of what comes out. So setting central rules and standards is key to good knowledge management

Make Decisions Good judgment will remain a key skill. Managers constantly blitzed with new information require strong nerves if they are to build in the data that matters and set aside the rest. This will be one of the many factors speeding up the decision flow. Managers must accept that it is sometimes better to be roughly wrong rather right exactly wrong. Big-bang decisions are best avoided – or implementing in small incremental moves that leave room for flexibility and altering course, if circumstances change

Good judgment will remain a key skill. Managers constantly blitzed with new information require strong nerves if they are to build in the data that matters and set aside the rest. This will be one of the many factors speeding up the decision flow. Managers must accept that it is sometimes better to be roughly wrong rather right exactly wrong.

Big-bang decisions are best avoided – or implementing in small incremental moves that leave room for flexibility and altering course, if circumstances change

Focus on Customers Customer matters – but some matters more. Acquiring new customers often cost more than making extra sales to existing ones. So companies must build loyalty and trust with reliability and good service. Companies will not just widen their reach by finding new markets, but will also seek to deepen existing relationship. They will have more knowledge information than ever before about their customers, and must use this to offer their most profitable customers special deals and to make them feel part of an Elite club. We will even seek to “fire” unprofitable customers by charging them higher rates than others and restricting the service they can access

Customer matters – but some matters more. Acquiring new customers often cost more than making extra sales to existing ones. So companies must build loyalty and trust with reliability and good service.

Companies will not just widen their reach by finding new markets, but will also seek to deepen existing relationship. They will have more knowledge information than ever before about their customers, and must use this to offer their most profitable customers special deals and to make them feel part of an Elite club.

We will even seek to “fire” unprofitable customers by charging them higher rates than others and restricting the service they can access

Manage Talent Like customers, some of a company's people matter more than others. Managing talent is also about capturing innovative ideas from middle managers and those further down the line. Managers must identify where most value lies. Sometimes we will want to rent the talent of 'free-agents'; others, to employ directly their best brain.

Like customers, some of a company's people matter more than others. Managing talent is also about capturing innovative ideas from middle managers and those further down the line. Managers must identify where most value lies. Sometimes we will want to rent the talent of 'free-agents'; others, to employ directly their best brain.

Building the right structure Managers must think through from scratch which activity should be kept in-house and which outsourced A company should keep those activities it does not merely as well as, but better than, it's competitors. Such decisions now depend far more on business logic than cost. A key task of the top managers will be to provide structure and standards and to insist that they are observed.

Managers must think through from scratch which activity should be kept in-house and which outsourced

A company should keep those activities it does not merely as well as, but better than, it's competitors. Such decisions now depend far more on business logic than cost.

A key task of the top managers will be to provide structure and standards and to insist that they are observed.

Setting Standards Ironically, Company’s technologies, tools of freedom and decentralization, call for discipline, protocols and standard processes. Only by setting standards and insisting that everyone abide by them will the company reap their savings. The company needs to insist on common practice in areas such as work environment, rule and guidelines for one to follow, order to harvest productivity gains.

Develop Leaderships Without the right organizational structure, culture and staff, a company will not fully benefit from even the most sophisticated technology. So the key to success lies much less in technical know how than in excellent leadership to push through and build upon organizational change. The right style of a manager will be the manager-as-coach, a selfless talent and motivating great teams. Always the people at the top will set the tone for the company. Their skills will determine whether it is a good company to work in and do business with. These are the main test of good leadership and leading the company forward

Without the right organizational structure, culture and staff, a company will not fully benefit from even the most sophisticated technology.

So the key to success lies much less in technical know how than in excellent leadership to push through and build upon organizational change. The right style of a manager will be the manager-as-coach, a selfless talent and motivating great teams. Always the people at the top will set the tone for the company. Their skills will determine whether it is a good company to work in and do business with.

These are the main test of good leadership and leading the company forward

Concluding With these points and words we can all become a vast and prosperous company. Where each of us work professionally and intelligently, and making this company a very diverse and vast company that will be a pioneer in many things and be remembered for not only providing work but creating professionals in all sphere of life. Looking forward and leading us all to the next generation of business in the Northeast India so we can all be part of the company of the future.

With these points and words we can all become a vast and prosperous company. Where each of us work professionally and intelligently, and making this company a very diverse and vast company that will be a pioneer in many things and be remembered for not only providing work but creating professionals in all sphere of life. Looking forward and leading us all to the next generation of business in the Northeast India so we can all be part of the company of the future.

Thank you

Thank you