Business Eonomics wisdom

Ignorance is good till the time it does not challenges our existence in the battle of survival.

As per Indian ethos, the esoteric meaning as is being taught in International B-Schools, Lord Krishna mentored Arjuna in the battlefield of great Mahabharata, the great follower of Dharma, inter-alia, eternal law of cosmos and universe emphasising any war can be won with might of wisdom and not with might of power. To protect the truth and righteousness conscience always prevails.

Business globally is at war today.Sustainability is at stake given the competetion. To beat the competition with competitive edge, prefer developing economic wisdom across heirarchy, reskilling talents with most relevant Business skill in Industry 4.0 ambience improving industrial underperformance conundrum.

"The key to management is get rid of Managers" advised Ricardo Semler whose TED Talk went viral introducing term like "Industrial Democracy". Probably he is right. Business today is no more governed by objectivity through heirarchy of commandment. In disruptive age it looks for individual contribution through innovation,creativity and determining oppurtunity cost controlling real time cost.

Price Water House Cooper's in its 21st Global CEO Survey report has highlighted broad base growing misalignment on macroeconomic changes with micro economy at socio-organisational level. With no clear focus on organic/inclusive growth, organisations continue to live in a fractured world that calls to reduce the gap between market orientation and performance relationship. 

• CEOs are highly optimistic in global economic growth in next 12 months but less focussed in organisational growth and means of growth.
• CEOs biggest dilemma of how to improve underperformance conundrum is yet to be explored.
• CEOs globally says availability of right skill is a major threat to business in days to come, but failed to suggest what is the right skill.
• Doctrine of tyranny is no more sustainable is disruptive age mandating individual contribution.
• Leaders with holistic understanding of economy's stress point fare the best.
• The ideas of incremental progress, continous improvement and process optimization is not sufficient to cut the mustard any more in VUCA world.
• The ability to be comfortable in both strategic discourse and practical execution, and to ensure each informs  the other, is a combination of skills that is rarely found but critical for leadership success.
• Ever shifting global market is not peremptory. Understanding economy's stress point and reading operational economic fine print to reverse law of diminsihing margin determining market determinants retaining eligible profit and enduring growth is the way forward.

Knowing what those economic factors will be means developing sophisticated understanding of business economic building block creating core competency economic business model canvas.  

To Know more click - Improving Industrial underperformance conundrum.

Manoj Kumar Trivedi,Founder / CEO & Business Mentor,iGlobal Research and Analytics, being second to none, has pioneered and formulated across 38 years of his industrial exposure practicing practical application of Business Economic principles with business mainstream of operation deriving Econometrics generating economic value across operation, revenue generation and increased profitability.

He offers two days highly specialized discourse of Economic Engineering and Econometrics across globe, not preferred by any expert or facilitator.

He may be contacted at trivedi.k.manoj@gmail.com

Business Associates willing to take forward his discourse across globe or to their respective countries are also welcome.