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Volume 8 | Issue 10 | Double Issue: October - November 2011




                                                                    Br
Marketers have
                                                          nd    a


to engage deeply
                                                             in




at every level to
                                                          g




become more
                                                                                     n   s h ip
effective                                                                        tio
                                                                            la
                                                                        r re




                                                                                                                     P ro
Six top CMOs
                                                          Sa


                                                                      me
                                                               le
                                                               s




                                                                                                                   duct desig
                                                                Custo




on future of
                                                                                                          a rc h


marketing
                                                                                                        se




                                                                                             M a r k e t re
                                                                                                                              n



Focus

Rewards &
Recognition’s next
big challenges                                                                   CampusCapers

How Champions Group                                                              Lucky Ali’s
has taken it to the                                                              lecture to
next level                                                                       IIMB students
8                                                                                    12
Trends                                                                               Innovation


                                                                                          Excerpts of Planning
                                                                                          Commission’s
                                                                                          Approach Paper to
                                                                                          12th Five Year Plan
                                                                                          on India’s road to
Top ad trends from           Consumer perception   Governance trends with
                                                                                          innovation
Spikes Asia 2011             of CSR                Neeraj Monga of Veritas
                                                   Investment Research Corp




13                           26                    36                                34
LeadershipMantra             RememberingJobs       NetworkPower                      CaseStudy




What is making India         Steve Jobs was his    Accenture’s experiment            Giving parents their due.
tick today                   first customer        with Vaahini                      Interview with Chairman
Steve Towers                                                                         Subhakar Rao




38                           40                    43                                44
CampusCapers                 UncommonHero          AuthorSpeak                       Sponsored CaseStudy




Lucky Ali’s ‘gyan’ on life   Shantilal Muttha’s    Total Customer                    In Leather with Tally
                             business of giving    Value Management
                             Suhrudha Kulkarni     Gautam Mahajan




45                           46                    48
JargonBuster                 Bookshelf             Offbeat
                                                   ‘Creative’ effect of LSD

                                                   Stock markets don’t trust Apple

                                                   Sap Labs creates network supports
                                                   art of giving

                                                   Game for ‘Ice cream Sandwich’?

                                                   Some music on Delhi Metro, please?

Locavore movement                                  Paid tweeting, anyone?
CaseStudy - Champions Group




And the award goes to
the parents of ….
The Bangalore-based Champions Group’s
innovative and robust rewards and recognition
mechanism has contributed to negligible attrition,
very high performance and rapid growth of
the 1,500-employee group. In a chat with
ManagementNext, chairman Subhakar Rao talks
about what inspired him, how he manages to run
the R&R process effectively with a dash of zest and
how the diverse group has benefited immensely.




Y
       ou mentioned how your mom's         awards have not only brought pride    showed up at work the very next
       words were the inspiration for      among the parents but also intense    day after his father died and when I
       your unique R&R effort…             commitment to the enterprise.         showed concern he said, “My father
My mom used to say, “The real pride                                              would expect me to be at work. My
of a parent is not when their son or       I had a situation where one of our    dad was ailing badly when we did the
daughter is born, but when THEY get        employees, whom we call ‘Champions’   Champion Parents Award recognition
recognized in public for their kids'                                             and he died a very peaceful death a
accomplishments.” I was inspired by                                              couple of months after that with happy
these words during my tenth class            I believe, our HR                   memories.”
and went on to top the school, college       teams with a couple
and then got into business. It dawned        of dedicated web and                How can we say your R&R is
on me when she died a couple of              video editors, help us              innovative?
years ago that I couldn’t get her to be
                                             get at least another
recognized in public but the least I can                                         We commissioned a customized bus
do is to carry her wishes forward by
                                             20 percent more from                from Dilip Chhabria called Champion
recognizing our employees’ parents.          our 1,500 employees                 Cruiser (www.championcruiser.com)
                                             without breaking                    which is a luxury bus with a bed, six
Thus came to life our monthly                the bank                            180 degree flat relaxing luxury chairs,
Champion Parents Awards. The                                                     a couple of large screen LCD TV


34                                                                                      ManagementNext | October - November 2011
sets. We use this to take R&R to our       only help us recognize a couple
employees’ homes. This ultra-luxury        of parents a month, but also help              A customized bus from
vehicle picks the employees’ families      us recognize our top performing                Dilip Chhabria called
over a weekend and takes them to           employees often (monthly, not once
                                                                                          Champion Cruiser
places of their choice.                    a quarter or year). You can see more
                                           information about Champion Parents
                                                                                          which is a luxury bus
We personalize printed birthday cards,     awards at www.championsgroup.in/               with a bed, six 180
anniversary banners, mugs, caps,           championparents                                degree flat relaxing
T-shirts, diaries, among others. We                                                       luxury chairs, a couple
also have programs involving our           What is the secret behind the                  of large screen LCD
employee kids. Stuff like this helps us    success of any vibrant R&R                     TV sets. We use this
connect with parents and the younger       system?
                                                                                          to take R&R to our
generations in the families and makes
it an extended family. We are asking       R&R success is about consistent
                                                                                          employees’ homes.
our managers to take top performer         motivation. Just as you take bath              This ultra-luxury vehicle
families for lunches or dinners at         everyday, rewards and recognition has          picks the employees’
unique restaurants.                        to be often to succeed. Today, you can         families over a
                                           personalize most of the stuff and the          weekend and takes
We have R&R functions every month          value goes through the roof when you
                                                                                          them to places of
at each of the three buildings of          do that.
                                                                                          their choice
our companies. These events not
                                           The secret behind any R&R success is
                                           recognition in public – the outcome is
                                                                                           the start of each year and achieve
                                           a positively energized workforce that
   “There is no greater                                                                    those by doing something every
                                           produces far better results. It makes
   joy to me than                                                                          day of the year.
                                           business sense too.
   seeing my children
   successful. Tears of                                                              •	    Make	the	workplace	fun	always	
                                           Manifesto
                                                                                           with a little weirdness.
   joy trickled down from
   my eyes, and words                      •	   Deliver	ROI	to	customers,	vendors	
                                                                                     •	    Be	passionate,	practice	giving	
   just wouldn’t flow out                       and partners every day, every way.
                                                                                           accolades, apologize wisely to
   of me as I was dumb                                                                     patch things up, and be gracious.
                                           •	   Dig	for	gold	in	each	of	your	team	
   stuck to see me being                        members every day.
   honored because of my                                                             •	    Create	at	least	one	positive	
   daughter’s success. I                   •	   Winning	is	a	good	habit.	                  experience every quarter and
   have not seen or heard                       Celebrating in style often is even         share it with the team.

   of corporate companies                       better.
                                                                                     •	    Honor	and	respect	your	parents.	
   honoring parents for
                                           •	   Be	in	a	continuous	education	              Make them proud and happy.
   nurturing their children.
                                                program to give birth to a new
   Thank you so much. “                         “You” every year.                    •	    Be	Innovative	and	fast	at	trying	
   - Angeline D’Souza                                                                      new solutions/processes. Pass
                                           •	   Write	your	goals	and	plan	well	at	         the Innovation Test every year.

October - November 2011 | ManagementNext                                                                                   35
Subhakar Rao - Birth of an Innovative Corporate Rewards & Recognition System An interview with Subhakar Rao

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Subhakar Rao - Birth of an Innovative Corporate Rewards & Recognition System An interview with Subhakar Rao

  • 1. Volume 8 | Issue 10 | Double Issue: October - November 2011 Br Marketers have nd a to engage deeply in at every level to g become more n s h ip effective tio la r re P ro Six top CMOs Sa me le s duct desig Custo on future of a rc h marketing se M a r k e t re n Focus Rewards & Recognition’s next big challenges CampusCapers How Champions Group Lucky Ali’s has taken it to the lecture to next level IIMB students
  • 2. 8 12 Trends Innovation Excerpts of Planning Commission’s Approach Paper to 12th Five Year Plan on India’s road to Top ad trends from Consumer perception Governance trends with innovation Spikes Asia 2011 of CSR Neeraj Monga of Veritas Investment Research Corp 13 26 36 34 LeadershipMantra RememberingJobs NetworkPower CaseStudy What is making India Steve Jobs was his Accenture’s experiment Giving parents their due. tick today first customer with Vaahini Interview with Chairman Steve Towers Subhakar Rao 38 40 43 44 CampusCapers UncommonHero AuthorSpeak Sponsored CaseStudy Lucky Ali’s ‘gyan’ on life Shantilal Muttha’s Total Customer In Leather with Tally business of giving Value Management Suhrudha Kulkarni Gautam Mahajan 45 46 48 JargonBuster Bookshelf Offbeat ‘Creative’ effect of LSD Stock markets don’t trust Apple Sap Labs creates network supports art of giving Game for ‘Ice cream Sandwich’? Some music on Delhi Metro, please? Locavore movement Paid tweeting, anyone?
  • 3. CaseStudy - Champions Group And the award goes to the parents of …. The Bangalore-based Champions Group’s innovative and robust rewards and recognition mechanism has contributed to negligible attrition, very high performance and rapid growth of the 1,500-employee group. In a chat with ManagementNext, chairman Subhakar Rao talks about what inspired him, how he manages to run the R&R process effectively with a dash of zest and how the diverse group has benefited immensely. Y ou mentioned how your mom's awards have not only brought pride showed up at work the very next words were the inspiration for among the parents but also intense day after his father died and when I your unique R&R effort… commitment to the enterprise. showed concern he said, “My father My mom used to say, “The real pride would expect me to be at work. My of a parent is not when their son or I had a situation where one of our dad was ailing badly when we did the daughter is born, but when THEY get employees, whom we call ‘Champions’ Champion Parents Award recognition recognized in public for their kids' and he died a very peaceful death a accomplishments.” I was inspired by couple of months after that with happy these words during my tenth class I believe, our HR memories.” and went on to top the school, college teams with a couple and then got into business. It dawned of dedicated web and How can we say your R&R is on me when she died a couple of video editors, help us innovative? years ago that I couldn’t get her to be get at least another recognized in public but the least I can We commissioned a customized bus do is to carry her wishes forward by 20 percent more from from Dilip Chhabria called Champion recognizing our employees’ parents. our 1,500 employees Cruiser (www.championcruiser.com) without breaking which is a luxury bus with a bed, six Thus came to life our monthly the bank 180 degree flat relaxing luxury chairs, Champion Parents Awards. The a couple of large screen LCD TV 34 ManagementNext | October - November 2011
  • 4. sets. We use this to take R&R to our only help us recognize a couple employees’ homes. This ultra-luxury of parents a month, but also help A customized bus from vehicle picks the employees’ families us recognize our top performing Dilip Chhabria called over a weekend and takes them to employees often (monthly, not once Champion Cruiser places of their choice. a quarter or year). You can see more information about Champion Parents which is a luxury bus We personalize printed birthday cards, awards at www.championsgroup.in/ with a bed, six 180 anniversary banners, mugs, caps, championparents degree flat relaxing T-shirts, diaries, among others. We luxury chairs, a couple also have programs involving our What is the secret behind the of large screen LCD employee kids. Stuff like this helps us success of any vibrant R&R TV sets. We use this connect with parents and the younger system? to take R&R to our generations in the families and makes it an extended family. We are asking R&R success is about consistent employees’ homes. our managers to take top performer motivation. Just as you take bath This ultra-luxury vehicle families for lunches or dinners at everyday, rewards and recognition has picks the employees’ unique restaurants. to be often to succeed. Today, you can families over a personalize most of the stuff and the weekend and takes We have R&R functions every month value goes through the roof when you them to places of at each of the three buildings of do that. their choice our companies. These events not The secret behind any R&R success is recognition in public – the outcome is the start of each year and achieve a positively energized workforce that “There is no greater those by doing something every produces far better results. It makes joy to me than day of the year. business sense too. seeing my children successful. Tears of • Make the workplace fun always Manifesto with a little weirdness. joy trickled down from my eyes, and words • Deliver ROI to customers, vendors • Be passionate, practice giving just wouldn’t flow out and partners every day, every way. accolades, apologize wisely to of me as I was dumb patch things up, and be gracious. • Dig for gold in each of your team stuck to see me being members every day. honored because of my • Create at least one positive daughter’s success. I • Winning is a good habit. experience every quarter and have not seen or heard Celebrating in style often is even share it with the team. of corporate companies better. • Honor and respect your parents. honoring parents for • Be in a continuous education Make them proud and happy. nurturing their children. program to give birth to a new Thank you so much. “ “You” every year. • Be Innovative and fast at trying - Angeline D’Souza new solutions/processes. Pass • Write your goals and plan well at the Innovation Test every year. October - November 2011 | ManagementNext 35