Jan 18, 2018 - Sri Sri's FMCG brand Tattva to open 1000 stores, eyes Rs 500 crore revenues by December

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from TradeBriefs FMCG Daily Newsletter

Sree Vijaykumar

From the Editor's Desk

Letting Go of Efficiency Can Accelerate Your Company- Here's How!
Most organizations, including the most tech savvy of startups, are working with a century-old framework, and they don't even know it, says Adam Pisoni, co-founder of Yammer. The first modern companies were bureaucratic juggernauts like the East India Company, and their practices still prevail. When you're running an empire, efficiency - not innovation - is king. For most of history, companies just needed to deliver products and services as quickly as possible to as many people as possible. Competition became about efficiency and scale, and the hierarchy of management we still use today emerged to divide the thinkers who had ideas and the doers who executed them. "You wanted the doers to have as little flexibility and empowerment as possible. They weren't supposed to make decisions; they were supposed to execute their task as efficiently and predictably as possible. Efficiency is great if you can plan for the long-term. If you know what you're going to do for a long period of time, you can really get into the nuts and bolts of how to do it efficiently. But because efficiency, by design, locks in roles, processes and practices, it also makes it much harder to change. More here

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