DARE - Because Entrepreneurs Do

"How to Move On To Next Level?" is an issue that many organisations, be it on startup stage or grown-up stage face today. Its not an easy answer.

Its a transformational process that needs expert consulting. "Next Level" is a highly aspirational level for all the organisations in the world. It can be defined for different organisations in different ways. For some, the trick lies in skills of human resource, for some its lies in expanding markets, and for some it lies in Information Technology used in the organisation, while for others, it may have other different meanings.

The first DARE webinar, held on 13 December as part of the DARE Entrepeneur Week celebrations from 13- 17 December, and presided by R. Srinivasan, Associate Professor of Corporate Strategy & Policy at IIM Bangalore discussed exactly this issue. It was attended by over hundred attendees and generated very exciting response from all audience. Prof. Srinivasan discussed at length many things that organisations should do to scale up.

R Srinivasan is Associate Professor of Corporate Strategy & Policy at the Indian Institute of Management, Bangalore. An FPM from IIM Ahmedabad, his areas of research include Strategic Management - competitiveness and competitive advantage, Knowledge Management, New Organizational Work Forms, Good Governance and e- Governance, IT Strategy, Teams and team working and Industrial organization. He has a B.Sc - Maths (Hons) from Madurai Kamaraj University and a PG Diploma in Forestry Management from IIFM, Bhopal. Prior to joining IIM Bangalore, he has worked for the National Tree Growers' Cooperative Federation Ltd. as a Project Executive. His research focuses on rapid growth firms, and he jointly coordinates the Management Programme for Entrepreneurs and Family Businesses (MPEFB) at NSRCEL, IIMB.

Professor Srinivasan gave three interesting propositions that companies should follow. One of them was dealt with 'Service Support' which talked about importance of the support of various services like infrastructure which are crucial to scaling up.

The second proposition talked about 'Organisation's Capability Acquisition'. "Scaling up is not about scaling in volumes or in products. It is scaling up the organisation's capabilities.”, said Srinivasan. He also talked about whether capability acquisition is an art or science, wherein he stressed that the challenge there is move from level 1 to level 3 and from level 1 to level 2.

At the end of the presentation, the audience asked lots of questions some of which were answered by Professor Srinivasan to the satisfaction of audience.

Do read about the webinar on 14^th December also, by Vineet Bajpai, founder of Magnon Solutions and Magnon International on “The Unspoken Secrets Behind Converting Small Businesses Into Large Companies.

Click here to register for the E-week, if you are still not registered.

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