Showing posts with label Brazil. Show all posts
Showing posts with label Brazil. Show all posts

Friday, May 3, 2013

“We seek to apply our solutions in multiple contexts & markets”

Meera Sampath, Director, Xerox Research Centre, India, asserts that Xerox would like to work on ‘locally inspired, yet globally relevant’ innovations

B&E: How important is the Xerox India Innovation Centre to the company’s emerging market strategy?
Meera Sampath (MS):
All our research centres support Xerox’s innovation needs across its different lines of businesses – be it our traditional documentation technologies-related research, which would be research related to our design and development of our devices, the works/ applications connected with that, et al as well as associated services in our existing lines of business, like management of large imaging centres, taking over and running infrastructure of large enterprises as well as SMEs and creation of customer communication material. Other lines of business that have recently been added to Xerox post the acquisition of ACS, have been innovation that supports the IT outsourcing (ITO) business and innovation in support of the BPO business. Two things were very clear from the outset when we set up the R&D centre here. The first was that the centre had to support innovation for expanding and rapidly growing Xerox’s businesses in emerging markets. The second was that given India’s unique set of skills and competencies and given Xerox’s need to expand its services over and beyond emerging markets, this research centre would endeavour to leverage the talent in India to significantly contribute to accelerating innovation in services delivery for our global customers. 

B&E: In your experience, how are needs for developed and developing markets different? 
MS: It depends on the vertical or market segment we are looking at. In terms of large enterprises, the needs and pain points may not be so significantly different as compared to developed markets. But in other segments, we may be significantly different. For instance, we are developing a smart banking solution to significantly improve costs and operational efficiencies and turnaround times for the banking industry. This leverages unique expertise in terms of the capabilities of our devices, document management or smarter document technologies and our capabilities in imaging, et al. This is a solution that we found – locally inspired but globally relevant. Interestingly, we have found takers for it in Brazil, Canada, Mexico and even US. We at our research lab consider that as the typical space we would like to play in. We develop fundamental technologies, fundamental concepts and solve research problems, which can be applied in multiple offerings, contexts and geographies.

B&E: How do you tackle the critical talent shortage issue in India?
MS:
It becomes important for us to form the right partnerships, rather than competing for talent. We work with partners to ensure that they become part of the Xerox research family and the Xerox research group without becoming ‘employees’ of Xerox. Every researcher has a mandate to not only work on internal research projects, but to also actively participate in open research projects in partnership with universities.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
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Tuesday, April 2, 2013

Walmart’s Wait & Watch Game

Wal-Mart is in no Hurry to up The Ante in India. The Retailer is Expanding and Strengthening its Wholesale Business, Hoping to Leverage those Strengths in The Future when Multi-Brand retail opens up.

These are interesting times for organised retail in India. Even more so for Wal-Mart, the world’s largest retailer and the largest listed company by revenue (roughly $422 billion in sales last year). The Bentonville, Arkansas-based Wal-Mart knows that India - which it entered in 2007 through a 50:50 joint venture with Bharti Enterprises - is critical to its ambition to further grow its lucrative global business. Already 26% of the company’s revenue comes from outside the US. Wal-Mart’s international business clocked more than $100 billion in revenue last year, expanding by more than 80% in the last five years.

Indubitably, India is a big pond for big fish Wal-Mart. But there’s a big catch. Wal-Mart’s strategy hasn’t really worked well outside the North and South American markets of Mexico, Brazil and Canada. In most major Asian and European markets like Germany, South Korea, Japan and China, Wal-Mart hasn’t exactly lived up to its formidable reputation as the world’s mightiest and meanest retailer. After entering Germany in 1997 through acquisitions, it exited the market in a jiffy in 2006 (less than a decade), owing to intense competition from the likes of Metro AG. Clearly, its brassy American ways failed to find favour with the Germans. A more or less similar set of circumstances forced it to close the doors on South Korea in 2006 (again, in less than a decade). In Japan, too, Wal-Mart has had a spotty performance so far, failing to live up to any lofty expectations. Its ELDP (Every day low price) scheme is not finding favour with the Japanese, who are ready to pay higher prices for quality. The story in China is not so happy either where its profits and sales are reportedly declining, creating survival issues for the company.

These developments have certainly dented Wal-Mart’s confidence, forcing a change in its strategy. The company is more cautious now about entering new markets. It has learnt its hard lessons. The aggressiveness - entering new markets by buying out local competition (like in Germany and South Korea) - is now tempered with a new-found mellowness and it now sees virtue in the wait-and-watch approach to new markets before taking the plunge.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned IIPM articles