Wednesday, August 11, 2010
'Business Transformation' is one of the most mumbled words these days. From the day of inception human beings are working on evolution, evolution into a better and powerful species. We started moving into the outer space to explore resources, other species, interesting things, and thought provoking technologies. Scientists started their work in exploring the possibilities to capture outer space. Scientists started warning about extinction of human beings if we fail to colonize other planets.
Idea of business transformation is a direct reflection of survival of the fittest. As a response to the core competency, change is expected and hence executed. Does the emerging nations are transforming nation?
This is the most relevant question for the emerging economies. How does the nations economic conditions are changing? Does it reflect any transformation? Can the government execute the transformation?
There is definitely a need for urgency. With rising competition in domestic and foreign land India should see a transformation for a stable economy. It is evident that there are some changes being done to the structure and policies from Indian government side. Govt. Oil industries are about to see a tough competition from private oil giants like RIL, Essar once the government announces its terms on price ceiling. Now that PSUs in power sector are also asked to compete with the private ones, there is a need for transformation. In this phase of management of change, Indian Govt. should frame fool proof laws to avoid any crash.
It is the most appropriate time to go for a transformation as huge money is flowing into the market. Identifying the gap in various sectors and updating to next generation practices is much needed for the moment. Hope, 'Business Transformation' remains to be part of every technical and non-technical congregation aimed at better India. Let us look forward for this Independence Day with new goals for this nation. Jai Hind!
Image Courtesy: quartus.biz
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