Corporate India needs to shape up for growth

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With business sentiments improving across sectors, growth is back on the agenda of corporate India. But a recent survey by PwC Strategy& of 30-odd leading Indian companies that represented around 15 industries revealed that barely 3% organisations are "ready for growth" phase. The bulk of organisations surveyed - 80% - fall short of realising their growth potential as a result of being "strategically adrift", "distracted" or "capability constrained".

Around 17% of Indian companies that were "in the game" for the growth phase are hindered by lack of performance-centric culture and talent management, hemmed in by infective governance and inadequate risk management.