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'Leaders must keep eyes and ears open for innovative ideas'

Press Trust of India  |  Mumbai 

Leaders must keep their eyes and ears open for innovative ideas, whether it comes from internal sources including their own team members or outside, Managing Director R Mukundan said here today.

"The idea to launch 'besan' and other pulses related products by the Tatas has come from a retailer from Nagpur," Mukundan said at the National Leadership Conference on 'Leading and Managing Transformation', organised by Confederation of Indian Industry (CII) here.

A CII-EY study titled, "Succeeding in the VUCA Paradigm: Making Change Happen" was also unveiled at the conference.

Ganesh Natarajan, Chairman, Global Talent Track said innovation was taking place at different levels in different companies.

"Though companies like Apple and Tesla are known for their innovative achievements, retail major Amazon has made several innovations in the process of changing the retail space," Natarajan added.

Digitisation is the only way to expand the reach of financial products to 1.25 billion people in the country, said Rakesh Singh, Chief Executive Officer, Aditya Birla Financial Services Ltd (ABFSL).

"We have embarked on digitisation of all our operations with a view to expand the reach of the products of its non-banking financial company (NBFC), insurance and mutual fund arms, far and wide," Singh added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 18 2016. 21:48 IST