Guest Lecture by Mr. Sudeep Nair

Like the age-old adage goes, “change is the only constant”, companies too have to keep transforming and reinventing themselves. But how and when do they transform themselves is the billion dollar question. To answer this question, SIMSREE Corporate Relations Committee was honored and privileged to have on campus, Mr. Sudeep Nair, Global Head – Business Transformation at Jardine Lloyd Thompson on 26th of August, 2014. Mr. Nair is an IIM Ahmedabad Alumnus and has prior experience in Cognizant, Switzerland as the Head of Cognizant Business Consulting.

To train the naïve business minds of the batch, Mr. Nair kicked off the session by giving a basic idea about how a typical business organization looks. He explained that any organization is built on three basic blocks viz. the front end, the middle office and the back end; and also mentioned that the core competency of a company comes from any of these three basic blocks.

The discussion slowly steered towards how an organization should constantly assess itself using Porter’s five forces and adapt to the changing attitude of the customers. Mr.Nair focused on the point that regulatory hurdles could also be considered as a force that could disrupt the industry.

After assessing the operating model, if an organization feels that a major overhaul is due, it should set its sights on a target operating model that it could capitalize on in the long run. This transformation roadmap can include people, process or technology. Mr. Nair mentioned that implementation is the most difficult part in any business transformation after the vision and methods are set, especially if the change involves transforming people.

After sharing insights on business transformation Mr. Nair threw the floor open for Q&A. The enthusiasm of the batch was portrayed by the number of quality questions asked by the students, which Mr. Nair answered patiently. The session gave the students an understanding of the various aspects of business transformation.