Latest news with #RGopalakrishnan
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Business Standard
9 hours ago
- Business
- Business Standard
India needs thousands of innovators like Suhas Patil and Anjan Bose
These are "hidden champions" of strategic research and innovation. They are worthy of emulation within Indian industry, and maybe even a Padma! R Gopalakrishnan Mumbai Listen to This Article I love low-profile builders of technology-led and 'psychological market share' businesses — hidden champions (Hermann Simon, HBS Press). Businesses and organisations should be designed for Deergha Ayush (long life), which connotes that business is a living entity. The metaphor of life appears in my 2017 book A Biography of Innovations — an idea gets 'conceived' (foetus), the idea goes through 'adaptation' (childhood), then a 'prototype' (adolescence), before emerging as a 'product' (young adulthood), which evolves with updates for continued success (maturity) over its life. On a recent trip to the United States (US), I reconnected with two contemporaries from the
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Business Standard
16-05-2025
- Business
- Business Standard
'Purposeful' deergha ayush: Long life is no virtue for an incapable company
Deergha ayush must be both biological and operating with a deep purpose R Gopalakrishnan Listen to This Article The debate about family-managed versus professional companies is fruitless. The debate is between well-managed and poorly managed companies. The future leader will be a 'professional entrepreneurial manager'. I participated in a panel discussion on 'long-life companies' in the 2024 Drucker Forum in Vienna. One fellow-panelist was Adrian Wooldridge, who writes for Bloomberg and The Economist. Adrian strongly refuted my plea for long-life companies by quoting the Schumpeter creative destruction principle that companies without capability or purpose should be allowed to die, that long life is no virtue for an incapable company. Of course, that is true. Adrian readily accepted the
