Subscribe
www.pmi.org.in
Home
Cover Story
By Invitation
Poll Booth
Star Volunteer Spotlight
PMI Updates
PMI Events
Chapter News
Article of the Month
Champion Program
PMI events
Share
Tweet
Print
PMRC 2018 : INVITED SPEAKERS : BUSINESS TRANSFORMATION CRITICAL FOR SUCCESS
MILIND MUTALIK
MILIND MUTALIK, VICE PRESIDENT - HR, DESAI BROTHERS LTD. (MOTHER’S RECIPE)
‘Transformation’ is a corporate watchword today, and Indian companies must be ready for constant changes in an increasingly disruptive business environment. Milind Mutalik, who has worked for several years in the IT industry before moving to the consumer packaged goods industry, believes the ability to conduct business transformation effectively is the key to survival.
In his 25 years of industry experience, Mutalik has experienced the importance of change management in aligning a business to new market realities. “Business transformation is taking place all around us. Google is now into driverless cars and Amazon is into cloud computing. Be it finance, procurement, inventory, selling, hiring, training, or vendor management, technology has a part to play,” he said.
Mutalik said digitalization is impacting not only business but also almost every aspect of an individual’s life, be it communications, relationships, banking, travel, or education. In each of these, there is a learning curve for each user or provider. Pointing to research from McKinsey, he said Indian organizations were not realizing the need for change and not responding swiftly enough. “They have to accelerate the pace of change to match what is changing around them. There needs to be transformation in their capabilities and solutions,” he said.
To achieve the winning lead, Mutalik recommended working on five interconnected themes: serving informed and empowered customers; creating flexible and adaptive operating models; drawing on non-traditional resources and partnerships; adopting a growth and innovative mindset; and focusing on accountability, integrity, sustainability, social impact.
He also spoke about what he called the “Change of three” or the “3Ws.” The first pertains to changes in the workplace, where there is transformation in work delivery, i.e. the use of freelancers or remote workers. The second is change in work processes due to the adoption of technology. The third is change in work resources, as organizations now must consider different needs of different age groups of people working in the company.
Download Magazine PDF
PM Fundas
February
View Archives
OTHER PMI events
Awards Presentation
PMI South Asia
Keynote Addresses
PMI South Asia
Acknowledgements
PMI South Asia
Advertisement
Tweets by PMInstitute
Advertisement