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Till some years ago, it was an accepted fact, that the purpose of a company should be to maximize shareholder value – an idea popularised by American honchos. Now, this idea is being questioned. There are many alternative views being heard from around the world. In India, in the past, many of the big businesses were family-owned and they were interested in taking care of their shareholders (their family members) as leaving a legacy for their future generations to cherish was important apart from the profits. Recently in the press, there have been many articles discussing this topic of what…

Every manager should be listening to this interview which is packed with useful insights and life experiences. I found the Podcast channel “Developer on Fire” to be a series of interesting conversations that Mr Dave Rael has with his guests from the Software Industry. This week, I listened to the one with Mr Eric Brechner (@ericbrechner),  who is a Software Engineering Manager at Microsoft Corporation and has over three decades of experience in managing software development. Eric is well known by his pen name I.M.Wright and has authored two well-researched books on managing Software Projects and the teams – Hard…

The global outsourcing market especially the IT outsourcing market after a few choppy and trying years, hopes to find its lost rhythm back in 2019. Mint newspaper says the sector will grow faster in the year starting 1st April, thanks to twin trends of larger contracts and increased outsourcing. In this background, I am composing my thoughts here on how the Software Services firms especially the small ones in India can reinvent themselves and plan their road ahead. Source: Statista. After a few choppy years, 2018 stabilized the global market of the outsourced market. 2019 is expected to be a…

Every year, TiE Chennai organizes their annual mega event celebrating entrepreneurship called TiECON where we get to hear talks by industry leaders and panel discussions by experts and rising stars. This year too was no different and this post is from my notes. Yesterday it was the awards night which celebrated entrepreneurs from various fields. The lifetime achiever award was presented to Dr Ashok Jhunjhunwala, Professor in the Department of Electrical Engineering, Indian Institute of Technology, Madras. The sustainable business award went to my friend Mr Gowri Shankar Subramanian, CEO of Aspire Systems and his team. The evening was accompanied…

TTK Group along with TVS Group are symbolic of business houses in South India – both were founded nearly a century ago by industry stalwarts, are family owned, both stumbling their way in post-independent India, to reinventing themselves with a vigour after the economic liberalisations of this century. Unlike TATA, the largest and the oldest Indian conglomerate who expanded to Software Services (through TCS) and benefited immensely during the IT boom decades, both TTK and TVS have largely remained as manufacturing giants. Studying the journey of these companies are a must for every budding entrepreneur as it is the journey…