Changing Times
Every entrepreneur wants an organisation Flexible enough to adjust quickly to changing market conditions, Lean enough to stand out in a cut-throat competitive bazaar, Innovative enough to keep its products and services technologically fresh, and Competent enough to deliver optimum quality and customer service.
The seeds of liberalisation planted more than a decade ago, has brought sweeping changes in the market place and the past 5 to 6 years have witnessed significant shifts triggered by tighter regulatory norms; more disclosure oriented accounting requirements; and exacting compliance measures by revenue authorities for collectibles and payables.
In such a dynamic milieu, even a flexible, lean, innovative and competent business house may loose its edge, if it fails to adequately gear up to the challenges of transition.