Financial Daily from THE HINDU group of publications
Friday, Nov 11, 2005


Group Sites

Industry & Economy - Events

`Indian corporates should make structural changes'

Our Bureau

Bangalore , Nov. 10

IT was ripe time for India to adapt to the new concept of `Breakthrough Management' as the country had made progress through change in the last three years, Prof Shoji Shiba of University of Tsukuba, Japan, has said.

Addressing the 13th Quality Summit, organised by the CII Institute of Quality here today, Prof Shiba, commended India for its quality improvement and outlined the strategy of breakthrough management for making structural changes in organisations to meet the challenges of the future.

Quoting from a book by the former CEO of Intel, Mr Andrew Grove, he stated, "One single element in business environment can be drastic in nature. If business does not respond rapidly to the new business environment, it shall perish."

Prof Shiba outlined three kinds of change management. The first was `control', "which keeps the performance at the same level under changing conditions. This is required for current business."

The second was `incremental improvement' in business. However the most important was what he described as `breakthrough management' as a method to change businesses. "Breakthrough management is the responsibility of top management," he said.

He referred to three ways to change business: "change in customers, change in technology and change in the supply chain."

Since July 2004, Sona Koyo, UCAL Fuel Systems, Technova Imaging Solutions and Brakes India Foundry have been working with Professor Shiba in a learning community. They made presentations to share their breakthroughs in business strategy, R&D for new product development and in operations management.

Later, talking to presspersons, Mr R. Seshasayee, Vice-President CII and Managing Director, Ashok Leyland, said CII was planning a programme to popularise the breakthrough management concept for which Prof Shiba had prepared a plan to inculcate the philosophy among the corporates.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Cloudy prospects

EPFO meet postponed
Strong chances for cement exports to Pak: Guj Ambuja
`Getting enquiries from US too'

`Change seen in livelihood patterns in rural areas'
`Rise in repo, reverse repo rates may restrict inflation'
Finalising State Plans — Plan panel to hold talks with CMs soon
Business development body for Bengal mooted
Kakinada farmers oppose land acquisition for SEZ
Ministry permits generic cos to make bird flu drug
TN draws draft on captive power tariffs
Tally Solutions issues 4.5 lakh licences of VAT accounting software
US Consulate in Hyderabad `under study'
Manipal Academy to start computer animation course
Gold may test resistance, fall
New dailies make dent in Mumbai market, says survey
Plea on small savings scheme sops
FDI flow into infrastructure projects
Dispute resolution mechanism must: US

Patent applications get quick clearance
Not a selling idea
AP: Construction workers' Act may be amended
Growth must lead to integrated development of society: Sindhia
Investors urged to look beyond Bangalore

`Indian corporates should make structural changes'
Dubai to host India-Gulf biz summit next month
Scrap fringe benefit tax, says FICCI
I-T dept campaign yields results
Import of sensitive items up 5.2 pc in Apr-Aug period
Ayurveda therapy soon for computer-related diseases
Kerala upbeat on tourist arrivals
Volcker report probe panel terms of reference today

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line