Porter Prize, one of the most coveted corporate awards which recognize the strategic acumen of corporates in India, will be held on September 26, 2014 at Raddison Blu, New Delhi. The event would be attended by CXOs and comprises panels on strategy, shared value and award ceremony over the evening. Apart from awarding the best companies, Porter Prize also assists the participating companies in making them recognize their company’s features to get a deeper hold on their strategy and methods to enhance it.
Dr. Amit Kapoor, the Honorary Chairman of the India Council on Competitiveness said, “India stands for a plethora of innovative strategies and Porter Prize has been a front runner to recognize the strategies that have defined the market space. We are elated to continue awarding and assisting the companies with the best strategies in India.”
Porter Prize award has a robust three-stage process of making an application, strategy audit and jury evaluation. Stage I is filling in the application form; stage II, short listing of the companies, and conducting the strategy audits which is done by Roland Berger Strategy Consultants. This involves meeting the CEO and its immediate team. Stage III, the results are presented to the jury members and winners are decided. The jury panel of Porter Prize 2014 includes Mark Kramer (MD and Founder, FSG), Christians Ketels (Principal Associate, Institute for Strategy and Competitiveness, Harvard Business School), Tripurari Sharan (DG, Doordarshan & Member of the Board, MDI, Gurgaon), Sukumar Ranganathan (Editor, Mint) and Vineet Nayar (Vice Chairman and CEO, HCL Technologies Ltd.)
Porter Prize is awarded in the following categories:
- Industrial Architecture Shift
- Creating Distinctive Value
- Leveraging Unique Activities
- Exploiting Tradeoffs
- Creating Shared Value
- Value Based Healthcare
The companies, which have been awarded ‘Porter Prize’ in the past, are GroupM, Narayana Health, Uninor, Sealed Air, Apollo Gleneagles, Godrej and Rallis India Limited in 2013. In addition, MakeMy Trip, Mahindra Finance, HDFC Life, Vaatsalya, Bharti Airtel, ICICI Lombard & Mother Diary received the award in 2012.
India Council on Competitiveness will also host the India’s National Competitiveness Forum (NCF) on the same day. The Chairman of the council is Wilfried Aulbur, Managing Partner & CEO, Roland Berger Strategy Consultants. The council strives to work with top private sector leaders, renowned thinkers and government leaders to assess the state of the nation’s competitiveness, and explore pressing and emerging issues. Eminent speakers from various corporates such as Ray O. Johnson (CTO, Lockheed Martin), Vinay Hebber (MD, HBR, Asia Pacific), Deborah L. Wince-Smith (President and CEO, US Council on Competitiveness), Gerd Hoefner (Managing Director and CEO, Siemens Technology India), Pirojshaw Sarkari (CEO, Mahindra Logistics), William C. Bates (Executive Vice President and Chief of Staff, US Council on Competitiveness) and Mark Goyder (Founder Director of Tomorrow’s Company) will express their views about strategy, innovation and services.
The event is supported by Mint (Strategic Partner), Canon (Documentation Partner), Indian Institute of Corporate Affairs, CHD Developers, Apollo Gleneagles, ICICI Lombard, FSG, (Award Partners), United Airlines (Airline Partner), Roland Berger Strategy Consultants(Strategy Audit Partner), BusinessWorld, exchange4media Thinkers (Media Partners), City Innovates (Technology Partner), Hammurabi & Solomon (Legal Partner), AdFactors PR (PR Partner)and Radisson Blu Plaza (Hospitality Partner).
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