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HYDERABAD: A two-day international conference on `Business and Finance - 2005' was inaugurated here by Mr M.B.N. Rao, Chairman and Managing Director of Canara Bank.

He spoke on repositioning of high-performing companies for growth. A leadership mind-set, well-defined project strategy and meticulous execution and talent multiplier system were some of the key factors that played a major role in high-growth performance.

Mr Rao said the ongoing transformation of the Indian economy from a centrally managed economy to a market driven had thrown open both challenges and opportunities. "Institutions need to respond to developments around them, react to them suitably and tailor their policy, procedures and operations accordingly," he said.

(This article was published in the Business Line print edition dated December 23, 2005)
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