Mar 11, 2016 - UP district authority claims fresh Maggi samples 'sub-standard'; Nestle denies allegation

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from TradeBriefs FMCG Daily Newsletter

Sree Vijaykumar

From the Editor's Desk
At a recent conference, when asked about disruptive business models, Uday Kotak was honest in admitting that he wakes up every day wondering what technology disruption would affect the banking sector. Few business leaders have woken up to the scale of technological change coming, as suggested by this study done by GE. Most old-industry CEOs are looking at incremental changes from using technology to improve productivity or cut costs. In the mean time, nimble startups in alternative energy, biomedical engineering, internet of things could upend incumbents (the Kodak effect). So how can large companies make sure they don't become obsolete? Incumbents have too much to lose, so they are unlikely to take the risks required to shake up their own industry. Also, bureaucracy and inertia slows decision-making. What they can do, is partner with tech upstarts through incubators/accelerators and startup forums, acquire good startups for both talent and technology and generally be open to new ideas both within and outside the firm. This sort of thinking starts at the top - Comment

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