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From the Editor's Desk
Why Do We Undervalue Competent Management?
Neither great leadership nor brilliant strategy matters without operational excellence.
Business schools teach MBA students that you can't compete on the basis of management processes because they're easily copied. Operational effectiveness is table stakes in the competitive universe, according to the strategists. But data from a decade-long research project involving 12,000 firms challenges that thinking.
The study examined how well companies performed 18 core management practices. It found vast differences in how they execute basic tasks like setting targets, running operations, and grooming talent, and that those differences matter: Firms with strong managerial processes do significantly better on high-level metrics such as profitability, growth, and productivity. What's more, the differences in process quality persist over time, suggesting that competent management is not easy to imitate.
In this article the authors review the findings of the research and explore what prevents executives from investing in management capabilities, arguing that such investments are a powerful way to become more competitive.
Continued here
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E-tailer Meesho raises $570mn India Business News: BENGALURU: Internet commerce platform Meesho has raised $570 million in a funding round led by Fidelity Management & Research Company and B Capita.
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The many benefits of a strong GI ecosystem Blaise Fernandes writes: It can be a platform for India to showcase to the world a model for ethical capitalism, social entrepreneurship, de-urbanisation, and bringing women to the workforce, on the back of a robust digital system.
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Ola Electric now valued at $3B Ola's electric vehicle (EV) division, Ola Electric, raised over $200 million led by Falcon Edge, SoftBank, and others, at a valuation of $3 billion.
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