It is with great pleasure, that we have noticed an increasing interest for Beyond Budgeting in India.
Anders Olesen was recently invited to do a two-day master class for CFO’s in Mumbai which was held in December 2017. And next month, Bjarte Bogsnes is speaking at #AgileIndia2018 in Bengalore.
The other day, Anders met Wharton professor Peter Cappelli who co-authored the highly recommended book: “The India Way”. We discussed how Performance Management is developing also internationally, and Peter made a general but important point about Indian companies being more holistically oriented and purpose driven than their western counterparts (not least in the US). “The India Way” illustrates what leaders can learn from innovative management practices emerging in India; practices which are closely related to the Beyond Budgeting management philosophy.
Reliance Industries is one of the great cases in the book: They have for example established Reliance Innovation Council, which “sets an agenda to actively nurture innovation within Reliance in order to safeguard its standing as a unique corporate entity and one of the most innovative companies in the world.” One of our good friends, Gary Hamel, is part of this council.
We are very happy and proud that Reliance Jio recently joined our network as a Corporate BBRT Member.
Reliance Jio (or: Jio) is a mobile network operator in India and it has been (and still is) on an amazing growth journey: Their services were first beta-launched in December 2015; they were commercially launched in September 2016, and only 5 months later they had 100 million subscribers. Jio is a subsidiary of Reliance Industries which has businesses across India within energy, petrochemicals, textiles, natural resources, retail, and telecommunications. Reliance Industries is the second largest company in India as measured by revenue.