The Mint-IFC Strategy awards recognize and honor the best Indian companies showing exemplary strategic acumen to standout in their respective industries and contribute towards the prosperity of the country. An eminent jury with members from industry and academia evaluate companies in different industries using a robust framework that considers competitive advantage, competitiveness, and sustainability.
Speaking about the award, Gerd Hoefner, CEO and MD, Siemens Technology and Services Pvt. Ltd., said, “The award acknowledges our strategy and ability to see it through, which has been reflected in several noteworthy achievements over the last ten years. In this time, we have not only grown rapidly in terms of team size with a cumulative annual growth rate of about 30 percent, but we have also earned the entire engineering responsibility for several Siemens products. In addition, our employee retention rate is amongst the best in the industry.”
A highlight of the event was an address by Professor Michael E. Porter, recognized as the father of the modern strategy field, from the Institute for Strategy and Competitiveness, Harvard Business School, US. He stressed the importance for businesses in creating shared value which is necessary to sense the most important customer needs and con-sider the broader influences that determine their longer-term success. Philanthropist and cardiac surgeon Dr Devi Shetty, who is the Chairman and Managing Director of Narayana Health, spoke about how India is uniquely positioned to dissociate healthcare from afflu-ence.