Over the past few months, RPG Enterprises chairman Harsh Goenka, has been having an assignation every other Friday for a few hours. That’s when he meets his think tank of former consultants and investment bankers. Their task— to come up with two-three new business ideas in a year that will generate revenue of Rs 1,000 crore in the next three years.
Making the move to digital is imperative for old business houses, said Sanchit Vir Gogia, CEO and chief analyst at IT analyst firm Greyhound Research. “Return on investments from traditional methods have become questionable,”he said.
“Digital techniques in business will give better insight to customers and make it more nimble.” Although it’s tough for traditional businesses to incubate startups, clear direction from the top provides clarity, he said.
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