Author: Gorur, Hemanth
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open work culture, where the power of what you say is more important than who you are.
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CRISIL’s core businesses today are Ratings, Global Research & Analytics (GR&A), India Research, Capital Markets Research, and Infrastructure Advisory and Risk Solutions.
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The rupee had become convertible on the current account.
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The legendary Lee Iacocca, former head of Chrysler Corporation and progenitor of the Mustang, was known to have stated: “In the end all business operations can be reduced to three words: people, product and profits.”
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“We still believe that a company knows its business better than anybody else. It knows its sector better than anybody else, because it puts its money where its mouth is.”
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On the other hand, CRISIL ensured that the analytical teams were separated from the business development teams to isolate them from market pressures. If you did not know how much the client was paying to get rated or what his motive was in getting rated, you had no reason to assign a rating other than what an analytically rigorous process suggested.
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While 3M has given the world the ubiquitous Post-its and Apple the chart-busting iPad, Dell’s direct-to-consumer model, Wal-Mart’s supply chain innovations and Google’s mind-numbing array of internet technologies add to the list of innovations that stand testimony to the value creativity can bring to the market.