Sustaining cost advantage

 He points out that having a demographic advantage and the youngest population in which a large number is not educated enough – and even if educated, lacks in employable skills – would not only deprive the corporate sector of manpower but also create conditions for skill shortage, high attrition rate, and exorbitant salaries thereby undermining the low-cost advantage of Indian corporates.

What anguishes Verma is that investments by the government on roads, ports, power, healthcare and education and so on with the potential to catalyse development could come to nought ‘because of the scale of corruption where 80 per cent of investments goes into wrong hands' and because there is no compliance and consequence management, and bureaucracy has a maze of rules and regulations that are enough to drive away the most passionate entrepreneur!

 Be perpetually prepared, be flexible, be innovative, build capacity, manage change, and manage partner ecosystem.
 ability to rebalance and reconfigure. In a classic repudiation of the strategic positioning principles, firms must have the capability to switch segments and operate in a plug-and-play mode to respond to opportunities which typically have
Airtel for its leveraging a network of relationships to bring in the necessary skills, technology, and architecture, making a choice of what it was good at and outsourcing the rest to its partners. “The resounding success of Airtel is a tribute to its capability in transforming its partners to become co-creators
 HR deliverables are therefore business deliverables, he calls for measurable value for HR investments; and demands that performance appraisals be not shorn of the understanding of financial dimensions of people performance such as EVA (economic value added), and CVA (customer value added).

Business Line : OTHERS / ACCOUNTANCY : Sustaining cost advantage