New Delhi: Tesla, lululemon, master card Google has emerged as the best companies in their respective industries in terms of future preparedness in the post-pandemic world, according to a global study released on Wednesday.
The Future Readiness Indicator Report, released by the Switzerland-based Institute for Management Development (IMD), studied more than a decade of data (2010 to 2021) to rank publicly listed companies against their competitors by how prepared they are for the future. They are likely to survive in a world of pandemic economy and rapid and constant change.
It analyzed the 86 highest-grossing companies in the four highest-revenue industries – fashion and retail, automotive, financial services and technology.
While there are no Indian companies on the list, the US led the chart with 40 companies, followed by China and Germany with seven each; six each from France and Japan; four each from Switzerland and the UK; three from South Korea; two from Sweden; and one each from Argentina, Canada, Italy, the Netherlands, Singapore, Spain and Taiwan.
Professor Howard Yu, author of the Future Readiness Indicator, said the number of unicorns from India is overtaking China for the first time in 2021 and billion-dollar firms such as Flipkart, Snapdeal and Ola have taken the Indian startup ecosystem by storm.
“Established IT companies have a long history of bringing MNCs into this sector. But our rankings show that the bottleneck is not on private companies, but at the infrastructure level for India – and that is one such problem. That should be addressed by the state, not just at the national level,” Yu said.
According to the professor, none of the top ranking companies in the automotive sector are from India, but this was not because Tata and Mahindra cannot innovate.
“They (innovation) can. But the smart vehicles of tomorrow are largely based on software and electronics that interact with the infrastructure of the city. To drive even an EV, you have to Requires a network of superchargers.
“Chinese automaker – NIO And BYD — don’t just rely on your ingenuity. But they also benefit from the advanced infrastructure built by the state. It would be impossible for NIO to develop battery swapping stations without state-level support,” Yu said.
“Ease of doing business remains important. More than four decades of liberalization propelled India forward, but there is still a long way to go to compete globally.
“The way the government is dealing with technological disruptions will not leave global competition behind. But state governments can and should act to put India on the global map of companies in 2022,” the professor said.
The study found that companies that outperformed their competitors before the pandemic outperformed their competitors, while COVID-19 has served as a dramatic test case, rewarding firms that have Build their capabilities ahead of time and exposed the institutional inertia of those people. No.
According to the study, sportswear brands Lululemon and nike In the fashion and retail segment, the luxury brand ranks first and second after Hermes, Burberry, Kering and LVMH.
In the automotive segment, Tesla has held the top spot, while four traditional automakers – Toyota, BMW, Ford and Hyundai – are in second place at fifth.
In the financial services sector, Mastercard and Visa led the rankings, followed by Ant Group, Square, and Paypal,
Top five companies in the technology sector – Google, Amazon, MicrosoftAccording to the study, Facebook, and US-based semiconductor company AMD — all have an entrepreneurial orientation, a willingness to exit their core businesses, the ability to grow rapidly, and a shared internal vision of the future.
The Future Readiness Indicator Report, released by the Switzerland-based Institute for Management Development (IMD), studied more than a decade of data (2010 to 2021) to rank publicly listed companies against their competitors by how prepared they are for the future. They are likely to survive in a world of pandemic economy and rapid and constant change.
It analyzed the 86 highest-grossing companies in the four highest-revenue industries – fashion and retail, automotive, financial services and technology.
While there are no Indian companies on the list, the US led the chart with 40 companies, followed by China and Germany with seven each; six each from France and Japan; four each from Switzerland and the UK; three from South Korea; two from Sweden; and one each from Argentina, Canada, Italy, the Netherlands, Singapore, Spain and Taiwan.
Professor Howard Yu, author of the Future Readiness Indicator, said the number of unicorns from India is overtaking China for the first time in 2021 and billion-dollar firms such as Flipkart, Snapdeal and Ola have taken the Indian startup ecosystem by storm.
“Established IT companies have a long history of bringing MNCs into this sector. But our rankings show that the bottleneck is not on private companies, but at the infrastructure level for India – and that is one such problem. That should be addressed by the state, not just at the national level,” Yu said.
According to the professor, none of the top ranking companies in the automotive sector are from India, but this was not because Tata and Mahindra cannot innovate.
“They (innovation) can. But the smart vehicles of tomorrow are largely based on software and electronics that interact with the infrastructure of the city. To drive even an EV, you have to Requires a network of superchargers.
“Chinese automaker – NIO And BYD — don’t just rely on your ingenuity. But they also benefit from the advanced infrastructure built by the state. It would be impossible for NIO to develop battery swapping stations without state-level support,” Yu said.
“Ease of doing business remains important. More than four decades of liberalization propelled India forward, but there is still a long way to go to compete globally.
“The way the government is dealing with technological disruptions will not leave global competition behind. But state governments can and should act to put India on the global map of companies in 2022,” the professor said.
The study found that companies that outperformed their competitors before the pandemic outperformed their competitors, while COVID-19 has served as a dramatic test case, rewarding firms that have Build their capabilities ahead of time and exposed the institutional inertia of those people. No.
According to the study, sportswear brands Lululemon and nike In the fashion and retail segment, the luxury brand ranks first and second after Hermes, Burberry, Kering and LVMH.
In the automotive segment, Tesla has held the top spot, while four traditional automakers – Toyota, BMW, Ford and Hyundai – are in second place at fifth.
In the financial services sector, Mastercard and Visa led the rankings, followed by Ant Group, Square, and Paypal,
Top five companies in the technology sector – Google, Amazon, MicrosoftAccording to the study, Facebook, and US-based semiconductor company AMD — all have an entrepreneurial orientation, a willingness to exit their core businesses, the ability to grow rapidly, and a shared internal vision of the future.
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