Only 61 companies in the original Fortune 500 list published in 1955 are still around. The average life expectancy of a company is a mere 15 years. Yet, there are some companies that defy the odds and remain successful for 50-100 years. What do they do differently?
Our research reveals that long-lasting organizations continually reinvent themselves both in terms of what they offer to the market, and their internal capabilities. In today’s open source digital era, this recurring reinvention is more important than ever before. The Brains-Bones-Nerves (BBN) framework is designed for leadership teams that want to effectively manage this reinvention process on an ongoing basis.
BBN is a tool that enables leadership teams to regularly assess if the organization’s Strategy (Brains), Organization Architecture (Bones), and Culture (Nerves) are in tune with today’s high-speed business environment, and to make real-time changes as needed. The extent to which a senior leadership team pro-actively shapes these three elements is the key determinant of success.
- BRAINS: Not only must the vision and strategy be compelling and differentiated, it must be cascaded down the organization such that every single employee can fully understand and articulate the value proposition offered. Through their actions and communication, the leadership team must create widespread understanding and acceptance.
- BONES: To enable smooth execution, resources must be deployed in the most efficient and effective manner. This involves sourcing the right people for the right jobs; clarifying roles, responsibilities and decision rights; and keeping a fluid and simple organization structure.
- NERVES: At the end of the day, an organization’s culture tells people what to do when no one is looking. Culture is the only remaining competitive advantage that companies can build today. It is the job of the leadership team to create and maintain a culture of high performance and excellence.
As a result of attending, participants will receive:
- An overview of key issues and challenges related to the three BBN elements in the context of today’s open source digital age
- A diagnostic for measuring current effectiveness of the leadership team in shaping the Brains, Bones and Nerves of the organization
- Highly practical tips, tools and techniques to strengthen each of the three pillars
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Howzat? The clamour to legalise sports wagering in IndiaPublished5 February 2016Shareclose panelShare pageCopy linkAbout sharingBy Sameer HashmiMumbai Business press reporterIt is the last over of the cricket match, with India requiring 17 runs to win against Australia.In his two-bedroom house located in main Mumbai, a middle-aged male is seeing the game, nervously. He’s resting on the edge of his grey colour couch with his mobile phone glued to his right-hand man.He has made more than 10 employ the last thirty minutes – not to go over the match however to keep modifying his bet.Five minutes previously his cash was on Australia, now as the Indian batsman prepares yourself to face the last over he’s changed his mind.“I think India is winning, make the change,” he tells his bookie on the phone.And a few minutes later his forecast becomes a reality, as India wins the match in a nail-biting finish.“I have made $200 today,” he states with a childlike glee.For more than 3 years he’s been betting on cricket matches. We can’t reveal his name as what he’s doing is prohibited in India.Aside from horse racing, sports wagering of any kind is not allowed India. Despite that, unlawful betting syndicates grow in the country.‘Black cash’According to the Doha-based International Centre for Sports Security, India’s prohibited sports wagering market deserves some $150bn a year. And much of that gambling cash is directed towards cricket.Without any legal opportunity, punters place bets using their phones by making calls to bookmakers. Gamblers can wager on anything related to the cricket match, from who is winning to the greatest individual run scorer.The majority of these deals involve so-called “black cash”, which is money not stated to the taxman.The 1867 Public Gambling Act bars any type of gaming in India, however unlike in the US which has a law restricting web gaming, there is nothing comparable here.And offshore betting companies are using this loophole to tempt Indians. Although there are no online wagering operators based out of India, a lot individuals have signed up accounts with offshore firms.“Legally you can escape [with this], as the law is unclear for online gaming,” says Mumbai- based lawyer HP Ranina.But despite this, it is “offline gaming”, done through call which control the market.Require legalisationThe clamour to legalise betting in cricket has grown after a panel designated by India’s Supreme Court proposed the idea, saying it would help clamp down on corruption in the nation’s preferred sport.The Justice RM Lodha Commission was set up to suggest changes in the performance of India’s cricket regulative body, the Board of Control for Cricket in India (BCCI), after the 2013 Indian Premier League wagering scandal emerged.Two franchises have actually been banned for 2 years after some players and team authorities were discovered guilty of fixing parts of the match at the wish of bookmakers.The panel likewise argues that legalised wagering will bring in tax profits for the exchequer that could total up to $2bn a year.Even gamblers feel that legalising sports wagering is a relocation in the best direction.“I do not mind paying some cash out my profits, as long as I can bet openly,” says our cricket gambler.It would likewise open a huge business opportunity for licensed bookmakers and international online betting business to establish operations in India.And it would help limit match fixing in cricket and other sports, argue many, by helping make deals included in gambling more transparent.“If you work alongside wagering companies, you will have a really efficient technique of stamping out match fixing,” says George Oborne, who runs a mock betting website, India Bet.But many likewise think, that the taxes imposed on the bettor and the bookie will have to be sensible to make it attractive enough for them to gamble legally.However, there are constraints.“Definitely there will be illegal betting because (some) people would not desire to leave an audit path by entering the white market,” states Mr Oborne.He adds that individuals who use unaccounted cash to place big bets will never ever gamble lawfully.Approval concernFor sports betting to be legalised, parliamentary approval will be needed to develop a brand-new law, and politically this will be a difficult concept to offer.“Even however lots of people are involved in some sort of gaming – it’s still a controversial issue for lots of,” says our unnamed punter.And considered that India has a federal structural – each state will need to also pass a separate law to legalise sports betting in their area.“The procedure is so long and tricky that it will take years,” states Mr Ranina.”That’s why, we are negative about this coming true anytime soon.”Yet with the concept having been backed by an official panel for the very first time, at least an argument has actually sparked around a topic – which previously was thought about a taboo.
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