Friday, September 03, 2010:
Frost & Sullivan, recently concluded their 2nd annual flagship event GIL 2010: India - The Global Community of Growth, Innovation and Leadership, at The Leela Palace, Bangalore.
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The Congress, besides focusing on CEOs perspective on growth and presenting Top Global Mega Trends and their impact on business, cultures and society also had specific industry think tank sessions and several panel discussions, that were held concurrently.
CEO's face an increasing complex universe of challenges impacting organizations ranging from rapid technology changes, business models to increasing Government involvement in changing market dynamics, higher regulations and legislations.
93 percent of CEO's interviewed by Frost & Sullivan stated Growth as their top priority. Indian economy has been growing consistently at over 8 percent except for a brief period in 2008/09 where the global financial turmoil impacted markets, with wide ranging repercussions for CEO's across the globe, pushing them back to the drawing board. Indian markets however, were relatively insulated from the global impact due to the strong domestic market demand.
According to Anand Rangachary, Managing Director, South Asia, Middle East and North Africa, Frost & Sullivan, "Achieving consistent growth comes with a set of challenges that ranges from market access, rapid technology changes, changing customer preferences, competitive market dynamics and best practices,
infrastructural constraints and integration of global markets. Constantly monitoring these changes and recalibrating a company's growth strategy is of paramount importance to any CEO".
Frost & Sullivan's CEO 360 degree perspective across markets like infrastructure, energy, environment, automotive, healthcare, defence and chemicals provided the participating thought leaders the right tools to take critical decisions impacting the growth of their business.
The event also captured Top Global Mega Trends and its Implications to Business, Society and Cultures. Some of the interesting takeaways from these were: Emergence of new economies that offer significant opportunities for future growth beyond the BRIC nations; increasing pace of urbanization leading to integration of core city centre with suburbs and daughter cities resulting in expanding city limits; rapid increase in urbanization and emergence of SMART cities and SMART Infrastructure offering growth opportunities for companies investing in green technologies.
The Global Mega Trends further revealed that Robotic Technology combined with Artificial Intelligence will assist humans in manufacturing, space, military, civil security and transportation sectors. Additionally, robotics will soon enter into the realm of personal relationships acting as a slave, companion and even a decision maker in 2020.
Next Generation Business models will redefine future business propositions and influence technology and product development. These business models will not only reshape the landscape of business environment and but also influence industry dynamics impacting organizations across the globe.
According to Sarwant Singh, Partner, Frost & Sullivan, "These Mega trends are unique global forces, which will shape the future of the world. They provide opportunity to all industry stakeholders to carve out opportunities for growth. It is therefore important for companies to understand the value chain of these trends and place themselves in a competitive position."
"Global opportunities continue to open new avenues for Indian enterprises with the ability to excel in quality, costs and delivery. The focus on expanding domestic markets and bridging the urban-rural divide are greater than ever before," says Aroop Zutshi, Global President and Managing Partner, Frost & Sullivan.
Frost & Sullivan, along with the members and partners and the Strategic Partnership Consortium - a comprehensive alliance of visionaries, innovators and leaders, are all engaged in sharing, inspiring and creating a continuous flow of new ideas and fresh perspectives, which leverage innovation as a resource to help shape a better future for the growth of attending companies.
Member companies and organizations include: IFS, Liveperson, BrighTalk, Lenos Software, Schneider Electric, SCIP (Society of Competitive Intelligence Professionals), Underwriters Laboratories Inc., Intel, Bulldog Solutions, Eloqua, and Global Spec, Inc. Through this cooperative effort, participants within the GIL community are taking monumental steps toward the development of a long-term growth strategy enabling them to effectively learn how to leverage innovation as a resource to help shape a better future for their companies and their careers.
For GIL 2010: India, HP was the Strategic Event Partner, 3M and DHL were the Event Partners. Wall Street Journal was the Official Newspaper Partner, Mint, the National Newspaper Partner and Outlook Business, the National Magazine Partner.
If you are interested to know more on the insights shared at GIL 2010: India, then send an e-mail to Nimisha Iyer, Corporate Communications, at niyer@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website and country.
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