Business Today Mindrush with Ram Charan

#Ramcharan #corporate #businessconsultant #CEOs #icici #maxgroup
Ram Charan is a world-renowned business consultant, author, and speaker who has spent the past 40 years working with many top companies and CEOs. In his work with companies including Toyota, Bank of America, Key Bank, ICICI Bank, Aditya Birla Group, Novartis, Max Group, Yildiz Holdings, UST Global, Fast Retailing (Uniqlo), Humana, Matrix, Ram is known for cutting through the complexity of running a business in today’s fast changing environment to uncover the core business problem. Catch him at Business Today MindRush as he talks about navigating through volatility, uncertainty, complexity, and ambiguity in contemporary times.
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[@BBBarua]

Love it! Thanks for sharing. We must learn everyday and execute!

[@chandrabhushanshukla]

There may be doubts regarding the thoughts he has put forward but that is the sole reason that gives us the motivation for competition for research,which is good.

[@rai371]

His voice❤❤

[@MrArunbharatram]

Ram , It was great hearing you at the seminar. Very illuminating. Wish I had been there physically. Warm regards Arun

[@satyajitdasgupta]

Thank you 🙏 @BusinessToday for uploading this legend's session. It's like an hour of enlightenment

[@HR-du4tt]

To answer your question on what we should do on China. We should have a china focus economic policy to reduce the trade deficit. In fact, we should have department under trade or otherwise to focus on reducing debt. Their only job is assess, recommend, help implement efficient trade agreements that reduces our deficit all the time. No deficit is the ultimate goal. Atmanirbar bharat for those which can be done here with great quality. Find alternate vendors for other products that we can't make here but we buy from China today. Some can still come from China except it doesn't hurt the net trade. No deficit. Attract investors who want to come. Now since many have learnt what China could offer, UK, FRANCE, USA..we should attract. Huge potential.

[@katateo328]

yeah, excellent observation, sir!

[@budiantosurbakti6995]

Great lesson

[@VIWA1]

He is a phenomenal wizard and very very wise.

[@sureshpolali8685]

Excellent .. thought-provoking topics. Most of the pioneer Indian MNCs such as Bajaj Auto / Asian Paints / TATA Motors are already at a global scale and competing with Chinese finished products. There was a case where BAJAJ AUTO bikes replaced China bikes in Mexico. Indian large comaneis are cost competative .. Its easy business of Commodity trading is killing our competitiveness. Most of the commodities business is with PSU such as NMDC / MMTC etc.. and our Central govt is always starving for dollars --- exports coming from any quarters which earn Dollars are chased. The major strategy China here is to trap the Dollar by over owning it. China may not be interested in any other currency becoming popular other than Dollar. Hence only option India has is to reduce its dependency on the Dollar .. Reduce oil consumption - Introduce rail transport of Trucks called RORO - ROLL ON ROLL OFF massive scale .. There is too many Idea we have India is always very good during strategy session But fails miserably when an idea hits the road. Farmer Bill was touted to be game-changer .. what happened? . Rs 6500 crores were spent on the Loksabha election and rs 2500 Crores was spent on the Assembly election which is NVA .. After the election, nothing changes. State govt finances are highly inefficient there is no visible action on state govt finance management. Hence all will remain in talks .. UP has seen massive infra push for the last 5 years -- WHY is no FDI coming there ?. all are MOU stage only .. Our central govt spending is not yielding the desired result. There is something fundamentally wrong

[@nicolass180]

Why Tesla, Iphone is so competitive because we have best Chinese team and very hard working engineers

[@ohwow2388]

He's smart and updated with modern world

[@AGBOT]

Practical Roadmap for India-China Economic Strategy

[@thyagarajesh184]

Building a global supply chain in India at the China's scale is almost impossible because of democratic set-up. Property rights, free enterprise, labor laws and environment controls won't allow this happen. Even if US writes a blank check as an investor & consumer such an implementation will not be possible. At best India can build a supply chain for the self consumption. If India can't do it, no other country can do it. Global supply chain will be hitting a dead-end.

[@ratikantajena08]

A legend I have read his books, full of wisdom ,know hows

[@katateo328]

hahaha, mac cuoi qua diiii :D::D:D

[@sanjayaus]

This Old respected Guy killed PPT :) .. I think I spend too much time on ppt rather than content :)

[@sureshpolali8685]

in the 1990s PPT itself is achievement, not the content. I am also a product of the PPT generation who killed tons of time preparing useless ppts.

[@rajap8320]

The purpose of PPT is to communicate easily and bridge the gap of communication. I think he is doing it communicating with ease with simplicity. Just a thought.

[@prem1970]

I think we need to shift the field of play as far as China is concerned. Instead of playing in their area of their strength ie Manufacturing ( on which we can never compete purely because of the economies of scale that they have because of their being the world's manufacturing hub) we need to look at expanding our influence in the Knowledge economy ie Software, AI ( which is our strength). We are already very strong in this area and need to strive for becoming the World's knowledge base ( just like how it was once upon a time)

[@SKM-xo4kl]

In software yes! But and not in AI. They are far ahead.

[@sureshpolali8685]

Low-end software coding is all going to third-world countries such as Romania, Hungary, and Ukraine ( before War).

[@ub1961]

What Raghuram Rajan wrote in his latest book

[@sanjayaus]

41:40 he is right, I am in Australia and that was the news last week I think...

[@BeNOone902]

Good lecture. Little bit more clarity on the questions would have been better

[@rssony107]

Hello sir, How are you.

[@katateo328]

hahhah, mot minh can het vo lam :D:D:D chu thoong ghe thac :D

[@katateo328]

yeah, exactly, forget the startup trend, it is just propoganda. You have to show to the world that any part of machine can be made in India. That is the correct way to go.

[@katateo328]

hahha, shocking! I love shocking :D:D:D

[@sudhangshusarma]

Not sure about some of the point this gentleman made is valid. It is true that on a yearly basis if you have $ 60 bn trade deficit with China , you owed China about $ 600 bn in some way or the other in the last 10 yrs. But India also has trade Surplus with many countries including US . So net-net I do not think that we owe $ 600 bn to China in absolute terms. Secondly, generic statements like issuing equity to more employees can be a double edge sword. Very few companies get it right and most get it wrong. I respect the credentials that this gentleman has been a board member and consultant but the board of companies do end up making bad capital allocation. You cannot have a rule to prevent this. In a fiat based world, when money is cheap, bad capital allocation is likely to happen. Thirdly, we need not worry about protecting the dollar, although a reserve yuan would be more problematic. Indians have to trade goods and services to earn fictional entities created by the FED. This way the average American can work less to consume more. If the Yuan overtakes the dollar, the average Chinese will have to work less to consume more. In no scenario, India benefits. The fiat based world order in its truest form is imperialism.

[@RajesoriDevi-up6tt]

Pankaj kumar

[@katateo328]

it may take a while for cari elites to figure out what to do :D:D::D:D cari oi la cari, bot an cari lai diiii

[@katateo328]

oh, my god! may be long long time to figure out what to do, cari elites!! you should eat less cari and think :D

[@katateo328]

なるほど、全然分かりませんですね。

[@katateo328]

hahahah, unfortunately, it looks like no one in the room understand what Ram Charan saying :D:D:D

[@aaptak_news1]

..✍️

[@HR-du4tt]

Why does China buy chips from Taiwan. Why they couldn't do that in China.

[@ranganathanv5365]

Frankly there is no new idea in this discussion

[@sureshpolali8685]

Raising concern itself is the major thing.. within 60 minutes it is difficult to get into the new ideas after decades of planning which China did so far.

[@zacwayne1181]

I think the issue is talking too much but doing a real.

[@katateo328]

hahha, sao giong giong nhu khong minh gia cat luong noi chien voi dam heo bo :D:D

[@katateo328]

hahha, don gian thoi, che bien them mon cari moi, sang tao ra cong thuc cari moi ngon hon, bo duong hon, re tien hon :D:D:D ban cari ra khap the gioi :D

[@dhruvduggal7156]

he I such a egotistic man..doesn't consider other people opinions

[@VIWA1]

No not at all. I have met him personally. He is a wonderful man, who can see way beyond others and he just states facts

[@sureshpolali8685]

in 2008 RBi Governor Y V Reddy simply closed the Door and saved India from global meltdown -- Is YV Reddy egoistic ?.. Ram charan knows a lot of things.. Hence he is telling with good intentions. If a structural engineer says your building is weak might collapse in a year's time .. that engineer is not egoistic

[@katateo328]

hahha, chu cari an choi trac tang qua ta, thieu no chu thoong den 600 ty lan ha :D:D::DD chu vit oi, thien ha ng ta thieu no den nhu vay, chu vi chi moi co vai chuc ty thoi, deo sao dau, tu tin len :D:D

[@gargsamyt]

Seems a bit too west oriented