“We focussed on delivering in the short-term, while creating scalability for the long-term and ownership amongst employees,” vociferously barks out Gagan Banga, Executive Director of Indiabulls. A true entrepreneur at heart, Banga has shrewdly learnt the art of hiding trade secrets in jargon-loaded words, straight out of management books. But the fact is, he is dot on right! The key to Indiabulls’ fanatical success (revenue growth of 159% from FY03 to FY07 and a profit growth of 184% during the same time period) is without doubt the unbelievable vision and belief they had, and have, in the term called ‘scalability’. The concept is simple.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative