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Under the Leaders Speak Series , IIM
Indore hosted a talk by Dr Yasho V Verma, COO of LG Electronics India.
Dr Verma is recognized for his high leadership qualities and is among
the most successful business professionals in India’s very dynamic and
rapidly growing FMCG market.
 He
is a prolific speaker, having addressed boards of prestigious companies
in India and abroad viz. ITC; JK Group; Ispat Group, Bangkok, and
gatherings at the London Business School, Seoul University and Wharton
Management School, in addition to the premier management institutes in
India.
An Engineering Graduate with Post
Graduation in Business Administration and PhD in area of Organizational
Behavior from Indian Institute of Technology, Kharagpur, Dr. Verma
started his career with TATA Steel in Jamshe dpur and worked for around
15 years. He is with LG Electronics for over 14 years.
Dr Verma was rated as ‘HERETIC’ by
Business Today and GALLUP and covered on cover page of Business Today, a
prestigious business magazine in India in 1997. He has been conferred
Honorary Fellowship by All India Management Association for significant
contribution towards professional management.
In an animated talk, Dr Verma touched upon
all the major themes in today’s business landscape. He started by
emphasizing that today, business is akin to war where nothing is either
safe or predictable; where even a player with smaller global reputation,
like Tata, can buy out a name like Corus.
Contrasting 11/9 with 9/11, he brought up
the subject of globalization very uniquely indeed. 11/9, of course, was
the day Berlin Wall was brought down and Windows was launched. Both
taken together, he opined, marked the beginning of the flat, borderless
world, which in turn, marked the dawn of a more productive, more
competitive business era. Citing stories from an array of organizations
and brands like Higglytown Heroes, Wal-Mart, Lenovo, DHL, HP, Nokia,
Cisco, Sony and Samsung to name a few, he highlighted ideas and
practices related to corporate culture, strategy, collaboration and
markets that have become part of the corporate lore. |
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He also opined that the concept of
strategy as a long drawn process is under severe threat and businesses
everywhere are placing more and more value on the quality of execution.
Strategic wisdom alone is more or less a parity nowadays. Innovation,
acc ording to him, can be the real differentiator in a world that is
levelled by knowledge. “The biggest enemy of innovation is arrogance”,
he said, and outlined conviction, creativity and humility as the three
critical attributes required for innovation. |
