One joined a company to retire. Tata Motors retrenched 1500 managers in 2017. The economy is facing a slowdown like never before as per latest GDP figures 2019. It is estimated that Indian IT sector has shed 50,000 employees in fiscal year 16-17, HDFC bank alone has retrenched 10,000 employees and manufacturing giant L&T retrenched 14,000 (Source: HT Mint, dated May 23rd, 2017). The job losses are a symptom. The disease is from within. Indian companies have three major challenges facing them: a) Changing past mindsets b) building an innovation ecosystem c) technology absorption. On a wider canvas: - these three challenges may be global (& interrelated) and a number of Fortune 500 MNCs may be facing the same three issues. The solution lies in building Thinking Organizations or societies of minds (As Jeremy Rifkin argues in his book: The Third Industrial Revolution, 2011, Palgrave McMillan)
This 1 to 2 day workshop (depending on the client) aims to expose managers to the three stage process of building a thinking organization. The first stage is Design thinking – which helps the company to develop better products by incorporating the voice of customer and being sensitive to the issues he faces (example: HUL’s PUREIT brand of water purifiers, doesn’t require electricity or tap water). The second stage is Deep Thinking – which helps the company to improve a product continuously and launch better versions over the years (example: INTEL Corp’s journey from the 8086 in 1970s to modern day Core-I series of microchips). The third stage is Disruptive thinking – which helps a company to foresee strategic inflection points and how industries or markets will reshape or get destroyed, the old paving way for the new or how lifestyles will change (example: Akio Morita’s vision of music anywhere anytime, which resulted in the Walkman and the Walkman reshaped the music industry)
Who Should Attend?
This program is universal across the managerial hierarchies (as creativity and thinking is not restricted to any age group). The company can nominate a group of young and experienced managers – whom the company thinks will lead it into the future.