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Only 25pc entrepreneurs have defined second line of management: ASCENT-EY

New Delhi, Nov 27 (UNI) Only 25 per cent entrepreneurs have a defined second line of management, according to an ASCENT-EY report titled ‘How ready are entrepreneurs for the journey of scalable growth?’
The report was released at the first experiential learning conclave, themed ‘Growth, Disruption, Entrepreneur’, hosted by ASCENT, a peer-to-peer platform for entrepreneurs.
The report was unveiled by Harsh Mariwala, Chairman, Marico Ltd. and Founder, ASCENT, and Uday Kotak, Executive Vice Chairman and Managing Director, Kotak Mahindra Bank and Pinakiranjan Mishra, Partner and National Leader, Retail and Consumer Products, EY.
Commenting on the report, Mr Mariwala said, “We are proud to partner with EY and hope that entrepreneurs across India, as well as globally can gain valuable insights from the report. For me, the biggest and most interesting take away is the fact that investment in different processes which support customer centricity, leadership planning and operational efficiency, has a multiplier effect on the business and provides disproportionately higher returns to the entrepreneur.”
The report aims to understand entrepreneurs’ readiness for scalable growth and the challenges they face in doing so across seven parameters – customer, leadership, people, operations, finance and transactions, risk management, and technology.
Pinakiranjan Mishra, Partner and National Leader, Retail and Consumer Products, EY added, “Entrepreneurs need to understand that achieving growth is not enough; it also needs to be scalable for long term sustainability and success. Amongst the seven drivers of the growth maturity model, they seem to be doing quite well in understanding customers and managing operations. Entrepreneurs will also need to focus on the other five drivers in order to be successful.”
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Walmart-Flipkart deal will adversely affect small traders: CAIT

23 Sep 2018 | 6:29 PM

New Delhi, Sep 23 (UNI) Small businesses across the country will participate in Bharat Trade Bandh on September 28 against Walmart Flipkart Deal & FDI in retail trade under the umbrella of the Confederation of All India Traders (CAIT).

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City industrialist Purnachandra Rao elected as National VP for IACC

23 Sep 2018 | 5:00 PM

Hyderabad, Sept 23 (UNI) Hyderabad-based industrialist, Purnachandra Rao Surapaneni has been elected unanimously as National Vice President of the Indo-American Chamber of Commerce (IACC).

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Punjab Infotech launches three weeks 'certificate course in business first portal'

23 Sep 2018 | 4:41 PM

Chandigarh, Sept 23 (UNI) In a bid to familiarise the entrepreneurs and investors keen in making investments besides assisting new and existing industries in availing various regulatory and fiscal incentives online, the Punjab Infotech in sync with Industries and Commerce Department has launched a three weeks 'Certificate Course in Business First Portal'.

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Fuel prices on rise; petrol inches closer to Rs 90 p/l in Mumbai

Fuel prices on rise; petrol inches closer to Rs 90 p/l in Mumbai

23 Sep 2018 | 3:33 PM

New Delhi, Sept 23 (UNI) Fuel prices witnessed another hike on Sunday when petrol prices in Delhi, increased by 17 paise per litre and diesel by 10 paise per litre.

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Rajiva Kumar Sinha appointed head of NTPC Kudgi Super Thermal Power Project

23 Sep 2018 | 3:17 PM

Bengaluru, Sep 23 (UNI) Mr Rajiva Kumar Sinha has assumed charge as Group General Manager (Head of Project) Kudgi Super thermal Power Project in Bijapur district of Karnataka.

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