Financial Daily from THE HINDU group of publications
Wednesday, Feb 22, 2006
Financial Daily from THE HINDU group of publications Wednesday, Feb 22, 2006 |
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Industry & Economy
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Events Corporate - Outlook Kalam wants more Indian cos in Fortune 500 Our Bureau
AWARDED: The President, Mr A.P.J. Abdul Kalam, presenting the lifetime achievement award for management to Mr V. Krishnamurthy, Chairman, National Manufacturing Competitiveness Council as Mr Sudhir Jalan, President, AIMA, looks on at the Golden Jubilee celebrations of AIMA in the Capital on Tuesday. — Ramesh Sharma
New Delhi , Feb. 21 THE President, Mr A.P.J. Abdul Kalam, on Tuesday urged more Indian companies to make it to the Fortune 500 list by becoming brand institutions. He said that righteousness and indomitable spirit are the key qualities that make a corporate brand or an institution. Speaking at the Golden Jubilee celebrations of the All India Management Association (AIMA), Dr Kalam said there are five Indian companies in the Fortune 500 list, whereas China has 15 with a similar population. "Promoting excellence in organisations leading to the creation of brand institutions depends on five important components," he said. "They are design capability, competitiveness in the contemporary market, organisational transformation for continual innovation, success or failure management and establishment of institutional ethical standards." Stressing on the design capability "ingredient," he said that such a capability is the key to acquire a competitive edge. Speaking on the success or failure management component, he said, "The leader gives the credit for success to those who worked for it, and the leader absorbs and owns responsibility for the failure. This is leadership." The President also presented AIMA awards at the function. The Life-Time Achievement Award for Management was won by the National Manufacturing Competitiveness Council Chairman, Mr V. Krishnamurthy. The JRD Tata Corporate Leadership Award 2005 was won by ICICI Bank's Managing Director and Chief Executive Officer, Mr K. V. Kamath. The Public Service Excellence Award was won by the Advisor to the Election Commission, Mr K. J. Rao The Hyderabad-based company Sri Biotech bagged the AIMA- Dr Juneja Award for Creativity and Innovation for Small Enterprises. Speaking at the function, the AIMA President, Mr Sudhir Jalan, proposed February 21 to be declared as the `Management Day.'
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