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Showing posts from February, 2017

HCL to invest Rs 1,000 crore in setting up development centers in Andhra Pradesh

IT Services company HCL Technologies is now looking forward to setting up one of its largest development centres in Andhra Pradesh . This move involves an investment of over Rs 1,000 crore. The company is on the verge of signing an agreement with the Andhra Pradesh government to build its development centre close to proposed Greenfield capital city Amaravati . 
One of the officials confirmed that talks with HCL Technologies are at an advanced stage. "This will be the first large investment by an IT giant to help Chandrababu Naidu's dream to recreate Cyberabad in residual Andhra Pradesh," he said. 
"Talks have been on for a while, but there is no official confirmation or sign-off yet," said a person aware of the discussions. The proposed development centre, one of the largest facilities of HCL Technologies globally, will come up on over 30 acres of land near Amaravati in two phases, where the first phase will take off in a year or so," said another officia…

The Difference Between Good Leaders and Great Ones

The world tends toward continuums. We order everything from temperature (cold to hot, with tepid in the middle) to wealth (poor to comfortable to rich). Continuity along a linear line, like the inexorable laws of hydrodynamics, helps to capture and comprehend the complexities of science and society, and offers the promise of progress and growth. It’s tempting to think leadership also follows a continuum, one anchored by bad and great, with good somewhere in between. This deeply rooted belief reassures us that leadership follows a predictable pattern, and that through hard work and experience one can progress along the drawn line. That anyone can develop as a leader is not in question. What I dispute is the stubborn resolve that great and good are points along the same stream. That just isn’t so. Great leadership and good leadership have distinctly different characteristics and paths. Leadership is not one-dimensional. It can be great and good, or one but not the other, or neither. Uses o…

Curing the Addiction to Growth

Companies in all industries eventually see their revenue growth slow. Retailers are no exception. Fickle consumers, intense competition, changing markets, and the rapid encroachment of online retailing all combine to exert pressure on the top line. The retail graveyard is filled with chains such as Circuit City, Austin Reed, Linens ’n Things, Loehmann’s, British Home Stores, RadioShack, and the Sports Authority—that expanded rapidly and then, faced with declining growth, couldn’t find ways to change course. What should a retailer do when growth slows? Is it doomed, or is there a way to prosper when its business matures? To answer these questions, we examined the financial data of 37 U.S. retailers with recent sales of at least $1 billion whose top-line annual growth rate had slowed to single digits. Some of these retailers had seen their bottom lines fall even faster than their top lines; others had achieved double-digit earnings growth and above-average stock market returns. Our analy…

Research: How Leadership Experience Affects Students

Early leadership experience can be very valuable. Selective colleges screen for demonstrated leadership experience, andstudieshave found that people with high school leadership experience are paid up to 33% more than those without it. This wage premium is similar to the one associated with a college degree. However, we know little about what types of skills early leadership service may help to develop. Although adults who serve as leaders are observably different from nonleaders — leaders tend to have higher cognitive ability, more self-confidence, and more motivation or drive — we don’t know much about whether these differences arise because leadership service changes individuals or because these individuals are selected for their preexisting skills. To investigate this question, we studied 378 seventh-grade students in a Chinese secondary school. Among the top 92 students, we randomly assigned classroom leadership positions to 46 of them. We tracked the students for 22 weeks and colle…

Meet The Startup That's Pulling Trackable Data From Your Company's Culture

Culture Amp was founded in 2011 (Photo courtesy of Culture Amp/www.cultureamp.com)
Startups talk about culture all the time. Building it, championing it, spreading it. Its importance is recognized by the broader ecosystem because it represents a key foundation to growing a company. Businesses are encouraged to create a workplace that facilitates both employee empowerment and prolific performance. But the challenge of building such a culture is rooted in a lack of trackable data. If culture isn't measured, how can it be deliberately improved? An Australian startup called Culture Amp is addressing this problem by giving companies analytics and data on their culture. Culture Amp is an “employee feedback and analytics platform” founded by Didier Elzinga, Jon Williams, Douglas English and Rod Hamilton. By using “research-backed surveys,” Culture Amp collects data on teams by asking for honest and relevant feedback. The responses given by employees, which boast an “80% return rate,” ar…