{"id":18787,"date":"2021-03-05T11:35:22","date_gmt":"2021-03-05T11:35:22","guid":{"rendered":"https:\/\/plyinsight.com\/?p=18787"},"modified":"2021-03-05T11:39:07","modified_gmt":"2021-03-05T11:39:07","slug":"indian-firms-should-remain-agile-to-face-future-crisis-birla","status":"publish","type":"post","link":"https:\/\/plyinsight.com\/hi\/indian-firms-should-remain-agile-to-face-future-crisis-birla\/","title":{"rendered":"Indian Firms Should Remain Agile to Face Future Crisis: Birla"},"content":{"rendered":"

The Chairman of Aditya Birla Group, Kumar Mangalam Birla said companies must make sure they do not get caught in ‘comorbidities’.<\/strong><\/p>\n

Birla in a webpost said the way Covid had hit people with comorbidities which were measurable and identifiable \u2014 diabetes, hypertension, blood pressure or obesity \u2014 the same analogy may be applied to businesses as well.<\/p>\n

\u201cPartly applicable, since comorbidities make businesses less able to withstand shocks like the financial crisis of 2008. But also different in that, unlike human conditions which often are beyond our control, there is no genetic predisposition towards comorbidities for businesses. The comorbidities are self-inflicted. The excessive financial leverage that provides sugar highs while weakening fundamentals in the long term, lax processes that lead to inventory build-ups clogging supply-chain arteries or most devastating, a lack of focus on building consumer and human relationships,\u201d he wrote.<\/p>\n

\u201cThese are comorbidities that can prove fatal when pandemic-type shocks rock the system. These dangers lurk beneath the surface during good times, and so it is imperative for corporates to be mindful of the first principles of good management practices,\u201d he said.<\/strong><\/p>\n

On work from home (WFH), Birla said as India Inc prepares for a calibrated return to the workplace, it is facing a larger question on the future of work. \u201cMany have opined that WFH is going to be a mega-trend of this decade. I have a slightly contrarian view.<\/p>\n

The ‘Office’, after all, isn’t just a place where we come to work. It is a melting pot \u2014 of people, ideas, and conversations. The coming together with skills and experiences is what makes an office more than just a place of work. This is what defines culture,\u201d he said.<\/p>\n\n\n

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The Chairman of Aditya Birla Group, Kumar Mangalam Birla said companies must make sure they do not get caught in ‘comorbidities’. Birla in a webpost said the way Covid had hit people with comorbidities which were measurable and identifiable \u2014 diabetes, hypertension, blood pressure or obesity \u2014 the same analogy may be applied to businesses […]<\/p>","protected":false},"author":1,"featured_media":18788,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1036],"tags":[],"class_list":["post-18787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-february-news-2021"],"yoast_head":"\nIndian Firms Should Remain Agile to Face Future Crisis: Birla - PLY INSIGHT<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plyinsight.com\/hi\/indian-firms-should-remain-agile-to-face-future-crisis-birla\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Firms Should Remain Agile to Face Future Crisis: Birla - PLY INSIGHT\" \/>\n<meta property=\"og:description\" content=\"The Chairman of Aditya Birla Group, Kumar Mangalam Birla said companies must make sure they do not get caught in ‘comorbidities’. 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