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Global Leadership from India - The Time is Now: Says Zinnov LLC |
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With huge focus on cost savings from HQs, R&D centers in India end up investing a lot of time and effort looking at optimization rather than innovation. |
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\25 Press Releases\
August 30, 2010 - Zinnov LLC, a leading management consulting firm, today launched a study on 'Global Leadership from India', where it highlighted that while R&D globalization in India has evolved at a rapid pace over the last 10 years, the leadership teams of these centers have not seen the commensurate growth. It said that while they have moved up the value curve they are still not making any top-line impact despite the existence of a sizeable opportunity.
A recent survey conducted by Zinnov LLC, showed that despite the rapid pace at which the Indian R&D industry has evolved over the years, the perception of globalization practitioner's in the headquarters regarding the R&D system in India has not changed much from 2007. The cost scenario continues to play a significant role as a driver of globalization till date. Though there has been some improvement in terms of innovation focus, it is still not the major driving factor and in fact many of the global centers are underutilized for innovation.
According to Mr. Pari Natarajan, Chief Executive Officer, Zinnov LLC, "Though India offers a significant cost arbitrage when compared with the costs in US and Europe, the R&D centers in India are losing out on certain key aspects because of excessive focus on cost. While cost control is the top priority, aspects like innovation, competenc...
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