List of corporate strategies adopted by indian companies
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The three viable and effective corporate strategies for Indian organizations in the coming decade are — “Being honest + Being world- class + India focused,” “Being honest + Being world- class + India diversified,” and “Being honest + Being world-class + Global focused.”
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A list of corporate strategies adopted by Indian companies is as follows:
- For Indian organizations, it is currently and critically important to address corporate strategy issues relating to the proper performance measures, the rate of growth and degree of diversification, and the means to mobilize resources and develop necessary competencies.
- Honesty is the key: Being truthful to the customer entails providing what is promised in a timely and consistent manner. Being sincere with providing fair base pay, recognizing contributions and accomplishments, and meeting the needs of employees' legitimate goals for your career.
- Total quality Management: This approach factor is a response to the competitive reality that is already in place and that is just beginning to emerge, as well as to the commercial opportunities presented by a developing and globalizing Indian economy. Indian businesses will have to compete on a global scale to remain viable in their own markets.
- Focused Decision making: By bolstering its competitive position in existing segments, generating profits and cash flows, and expanding into new geographic, product, and market areas, the organization will need to balance its growth and profitability objectives by staying focused on their goals. They also need to manage financial risks.
For more information on corporate strategies adopted by Indian companies, refer to these answers:
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