Sunday, April 19, 2020

Indian Business & Industry - Post Covid - Focus on AEIOU - PM Modi


The new business & industry work culture must embrace:

"Adaptability, Efficiency, Inclusivity, Opportunity and Universalism".





PM urges businessmen to focus on effectiveness and efficiency in the new world emerging post covid. (19 April 2020)

Effectiveness and Efficiency


Focus on global needs. Understand needs of the people afresh. Focus on bottom of the pyramid. Focus on all sections of the society - inclusivity  (Effectiveness)

Give importance to efficiency and productivity. Both at business level and individual level. (Efficiency)

Make the business flexible and resilient. (Organization and Direction)

Adaptability: 


The need of the hour is to think of business and lifestyle models that are easily adaptable.

Doing so would mean that even in a time of crisis, our offices, businesses and commerce could get moving faster.  Adaptability to emerging opportunities, technologies and crisis.

Embracing digital payments is a prime example of adaptability. Shop owners big and small should invest in digital tools that keep commerce connected.  India is already witnessing an encouraging surge in digital transactions.

Another example is telemedicine. We are already seeing several consultations without actually going to the clinic or hospital.  Can we think of business models to help further telemedicine across the world?

Efficiency:


Efficiency is not about  staying late in the office.

Productivity and efficiency matter along with  effort.

The emphasis should be on completing a task in the specified time frame.

Inclusivity:


Let us develop business models that attach primacy to care for the poor, the most vulnerable as well as our planet.

There is a significant future in developing technologies and practices that reduce our impact on the planet. Do more with less.

There need to work on health solutions at low cost and large scale. We can become a guiding light for global efforts to ensure the health and well being of humanity.

We should invest in innovations to make sure our farmers have access to information, machinery, and markets no matter what the situation, that our citizens have access to essential goods.

Opportunity:


Every crisis brings with it an opportunity. COVID-19 is no different.

Let us evaluate what might be the new opportunities/growth areas that would emerge now.

India must be proactive to think about the needs of  the post-COVID world. Let us think about how our people, our skills sets, our core capabilities can be used in doing so.

Universalism: 


COVID-19 does not see race, religion, colour, caste, creed, language or border before striking. Any global trend is similar.

Our business response and conduct thereafter should attach primacy to unity and brotherhood.

We are in this together.  Today, all countries are together facing a common challenge. The future will be about togetherness and resilience.

The next big ideas from India should find global relevance and application. They should have the ability to drive a positive change not merely for India but for the entire humankind.

These days, businesses can control global supply chains through locations in India. Global businesses can be created more easily.

India, with the right blend of the physical and the virtual can emerge as the global nerve centre of complex modern multinational supply chains in the post COVID-19 world. Let us rise to that occasion and seize this opportunity. 

I urge you all to think about this and contribute to the discourse.


https://www.linkedin.com/pulse/life-era-covid-19-narendra-modi/


https://www.rediff.com/news/report/coronavirus-in-india-home-is-new-office-pm-on-life-in-covid-19-era/20200419.htm



Industrial Engineering (IE) for Productivity - A Poem
https://nraoiekc.blogspot.com/2020/04/industrial-engineering-ie-for.html

Productivity Management in Engineering Organizations - Online Book
https://nraoiekc.blogspot.com/2019/10/productivity-management-in-engineering.html

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