Innovation Mindset Power Tour Nov-Dec 2024

Dear Readers,

The past year has been a productive one for us as we’ve built a robust team here at the ISB Centre for Business Innovation, launched a CXO-level programme and conference, as well as forged several meaningful relationships, all in the pursuit of promoting an innovation-first growth mindset among large enterprises and growth-stage startups in the country.

I am pleased to share with you this inaugural edition of our newsletter which captures our wins over the past few months and aspirations for the future. In this edition, you will read about the two successful terms of our new programme – Accelerating Growth through Innovation (AGTI) – and several other initiatives.

I’d like to express gratitude to everyone who has supported us in this mission of changing mindsets for growth, especially the ISB faculty and team members at the centre. I’d love to hear your feedback on this newsletter. A very Happy New Year 2025 to all!

Warmly,

Prof Raj Srivastava

Executive Director,

ISB Centre for Business Innovation

CBI welcomes an inaugural cohort of 19 multidisciplinary business leaders: With Term 1 & 2 behind us, we’re looking forward to an exciting first quarter of 2025, with our first batch of innovation leaders ready to build and implement innovation roadmaps for their organisations. Some of the companies represented in our cohort include Tata Chemicals , Bharat Petroleum Corporation Limited , Happiest Minds Technologies , Samunnati , Blume Ventures , Livspace , Istakapaza Private Limited , and many more.

The learning projects undertaken by this cohort include a diverse set of organisation problems, ranging from product development pipeline strategy, introducing new products and solutions to market, Net Zero compliance, and much more.

Centre’s showcase at the ISB Insights Forum 2024: On November 15, Team CBI had the privilege of presenting our research publications to dignitaries from government, industry & academia at the ISB Insights Forum. We presented our recent research publications, highlighted key activities of the centre, and shared updates on our ongoing stakeholder engagement projects.

This included the launch of the Industry 4.0 in Action report, our efforts in building efficient agritech ecosystems, and partnerships across sectors like fintech, govtech, and healthcare. The event was a valuable opportunity to showcase our contributions and explore new ideas for future collaborations. We are grateful to the organisers for this opportunity.

Innovent 4.0 - A festival of ideas on the future of manufacturing & supply chain

One of the key relationships for the Centre is with the Plugin Alliance – an Industry 4.0 accelerator comprising 150+ alliance members including large enterprises, VCs, government, and industry associations. As a founding member of this alliance, we hosted the inaugural edition of the Plugin conference – Innovent 4.0 – on November 8 at the ISB Hyderabad campus.

The keynote address was delivered by Rama Devi Lanka Director of Emerging Technologies, Govt. of Telangana, and Raghavendra Vaidya CEO, Daimler Trucks India. At this conference, we launched the Industry 4.0 in Action - Technology Adoption Trends in Indian Manufacturing report, a survey of 130+ public listed Indian companies. Download the full report here.

India - Australia Innovation forum: With invitation from the CGI Sydney Consul General of India in Sydney and the Australia India Business Council , Prof. Raj Srivastava delivered a talk on the innovation mindset that business leaders need to embrace to set up their organisations for success in the Indian market.

Leveraging the rising volumes of bilateral trade, expanding Indian diaspora, and shared values and interests in the Indo-Pacific region, Prof. Srivastava’s talk engaged business leaders in the Sydney region on how they can build and test their innovation strategies in India and apply them to other growth markets in the Global South. We would like to express our sincere thanks to Dr. S. Janakiraman, Consul General of India in Sydney for the opportunity.

Article published in Asian Management Insights

Our latest article on ‘Digital India: Promises, Perils, and Inspiration for the Global South’ has been published in Asian Management Insights, affiliated with Singapore Management University (SMU).

In this piece, we delve into India’s digital transformation, exploring the synergy of a robust telecom industry, cutting-edge digital technologies, a booming payments ecosystem, the widespread adoption of smartphones, and internet penetration. We also highlight the opportunities and challenges that lie ahead and discuss broader implications for economic growth and last-mile financial inclusion.

We presented at the Columbia MarkTech Conference

At the inaugural MarkTech Conference at 美国哥伦比亚大学商学院 in New York City, we presented our research on how platform businesses like Amazon and Tesla achieve competitive advantage by balancing diversification and ecosystem control. This event brought together global scholars and industry leaders to delve into the transformative intersection of marketing and technology. Using a quadrant-based framework, we identified that hybrid models outperform others in driving long-term growth, innovation, and customer engagement.

Sign up to this newsletter and write to [email protected] to participate in our forthcoming events and learning opportunities.