The ageing process is inevitable and is fast becoming the bane of the workforce. With a growing imbalance in America’s skilled workforce, HR heads are struggling...
to meet immediate needs and maintain productivity levels. This paper explores ways to overcome the challenges posed by an ageing workforce as well as develop the existing workforce.
Charles Darwin once said: “In the struggle for survival, the fittest win out of the expense of their rivals because they succeed in adapting themselves best to their environment”. Interestingly, this statement...
holds equally true for biology as for business; companies that fail to change and adapt to a changing environment will eventually be forced to exit the market. Innovation is the process through which firms evolve, hopefully for the better.
From a Western perspective, the notion of innovation as the key source of competitive advantage held true for most of the 20th century. Because...
companies in developed markets could rely on global business models and reap benefits from arbitrage opportunities across regions. However, as globalization gains momentum, the traditional paradigm of inventing in developed markets and producing in developing markets is becoming increasingly obsolete.
Given that making the right decisions consistently separates the leaders from the rest of the pack, the real question for any business leader is how can information be leveraged to make the right business decisions and create differentiation for the organization.
In the outsourcing territory, research and development (R&D) is considered the final frontier. That’s because R&D is seen as a source of...
innovation – the mother of competitiveness, which is to be protected at any cost. As we all well know, from our business studies text books, core activities should never be outsourced.
The fittest win in the struggle for survival because they succeed in adapting themselves best to their environment. That's the...
law of evolution. In the case of present day organizations, the ones that are adaptable have a better shot at making it than the ones that are merely strong or profitable.
Companies looking at emerging markets for growth must deal with several challenges like low margins, resource constraints, and shortage of skilled talent. But the emerging economies...
story is still very much intact. An Infosys thought leader for emerging markets presents a framework to help companies make it big in these markets, using three vital levers - growth momentum, innovation hubs and smart sourcing.
Despite China making gigantic strides of progress, the outsider's view of that country's business environment is still dominated by exotic descriptions. The author, an Infosys Vice President...
and Building Tomorrow's Enterprise Expert –
who has experienced China firsthand in the last five years – dispels many of the myths around China in what could be considered 'A primer for multinational corporations seeking a foothold in China'.
The lure of fourfold economic growth, untapped demand, and unfulfilled aspirations is too strong to ignore. Hence, everyone wants to script a success-replication story – extending the success of a company from the developed world...
to the emerging world. Enterprises must invest time to look through a comprehensive lens to systematically spot the hidden or nuanced characteristics of a business environment that may not be visible at first glance and then guide the process to identify innovative ways to adapt. In any market. Any segment. And that is an advantage few enterprises will want to ignore. In the context of a specific success replication challenge, the void might not necessarily be the absence of an institution, but rather a certain type of behavior or manner of product usage that is typical to that new market or segment, and therefore neither known nor anticipated by the organization seeking to replicate success. But that must be addressed nonetheless. And this void brought to the organization's notice.
A comparison of the workplace expectations of baby boomers and millennials reveals some interesting findings. While mature workers seek an income (or nest egg) to live on and want to make productive use...
of their time, for the young workforce, a job is all about career and skill development, and exposure to cutting edge technology. But they also have several things in common, such as a desire to contribute to society through work; a preference for flexible work arrangements and an appreciation of the social connections formed at the workplace. Generation X, on the other hand, is more concerned about the corporate ladder and compensation. How to encourage older workers? Convince them that they can still contribute. Managing the aging workforce is only part of the story. To ensure access to world-class talent and turn their human resources into a competitive advantage, organizations need to configure their workplaces to meet the future needs of their people.