CEO Desk

The importance of data analysis in business

The data always tell a story, it needs to be heard correctly and without bias. Many a times the decision makers want the data to corroborate the conclusion that they have already reached. Some others tend to just discount the outcomes, as “Ah this is obvious or just common sense. We don’t need Big data to know this.” Both these...

Machines learning with focus

On the first day in the office at my first job, I reached much before others. Banu, manning the reception, was the only person around. She asked me to wait in the reception area. After a short while, other employees started arriving. I was observing how they were entering the office, how they were dressed, how they were noticing and...

What is Intelligence?

If intelligence is your ability to make decisions based on available information, then it should be the easiest task for computers. There is no lack of information, or data as we say it, and no lack of processing power either. Then what makes it so difficult for the computer to develop intelligence? The basic problem is that the term intelligence...

How to evaluate a successor for your business

“Hmm. I had never thought about succession planning earlier. Now that you have initiated the discussions it has been high on my mind throughout the last week.” Yash was the one to get on to the topic real quick. “I am planning to be at this business conference in Europe for a couple of weeks. I was wondering how to...

Leadership Handover: How To Ensure A Successful Transition

“Makarand, what do you think is the next big challenge I should prepare for?” At business, everything has been settled, our product is doing well in the market, and customers are happy.   “Growth! That is the most natural answer, but that is not the biggest challenge.” By this time, Yash is used to my unexpected answers.   “The biggest challenge will be...

The challenges of being a startup entrepreneur

“Makarand, when we talked last week, you mentioned one point as important. Do I need to face the recession alone? I did not quite get it; can you please elaborate?” “For some businesses, it is quite tough to survive the recession. Everyone knows it is a phase that will pass. Let us look at who all are with us in this process.  There are...

How to survive the recession… and come out ahead

“Makarand, I am worried about the impact of the global recession. There is a lot of talk going on. Some companies have stopped hiring in anticipation. Do you have any suggestions on how to deal with it?” “Yash, thanks for bringing it up. Yes, it is something we must consider. No one knows really knows when it will start, how...

How to build an ethical startup that makes a positive impact

What does Being ethical mean? It’s a hard-to-define term. Especially for a business. It is not something that a company can start after it reaches a particular size. It has to be part of the company’s DNA right from the start. Ethical startups are seen to be acting on two aspects. One is ethics in their business dealings and the...

Succession planning: the importance of planning early

Yash, have you thought about who will run your business after you?” “Are you serious? I just started this business a few months back. I have a long time to retire. Why should I worry about it just now? ” “Yes, but you want to scale it big, don't you? Do you think you alone will be able to manage it?” Succession planning is required to...

Why it’s important to be ethical even in a startup

Startups are under pressure to deliver on many fronts. They need to make sure they have excellent value preposition, They are in hurry to take their solution to the market as soon as possible, and they are working hard on getting the funding and keeping the company afloat from month to month. In this day to day nitty-gritty, the startups...