Nayar and Innovation
Abstract
Vineet Nayar is a charismatic leader that utilized disruptive innovation to improve HCLT in the IT industry. The rapidly changing IT industry was trending in the global environment. Although HCLT was increasing revenue it was not increasing their market share. To transform HCLT into a market competitor Nayar utilized associating, questioning, observing, networking and experimenting to reach and accomplish HCLT's success. However, Nayar neglected the market status in the beginning of this transformation and he did not network with other leaders in the IT world. Had he done both, he may have improved HCLT more than he did.
Nayar and Innovation
"At HCL we believe an employee is at the core of every bright idea that is a game changer." ~HCL, 2013
Introduction HCL Technologies (HCLT) Limited is a global information technology (IT) services company. HCLT offers services in software-led IT solutions, remote infrastructure management, engineering and Research and Development (R&D) services, and business process outsourcing. In 2005, HCLT hired Vineet Nayar. Nayar used the five discovery skills referred to in Dyer, Gergensen and Christensen's The Innovator's DAN; associating, questioning, observing, networking and experimenting also referred to as disruptive innovation. In using these skills, Nayar was able to look over the global environment and ask what HCLT was doing and how could it be changed. He posed these questions to the management and frontline employees. He used his strengths and supported his weaknesses with those that held them as strengths. Vineet Nayar brought a company that was barely competing in the IT industry to one that now competes with companies such as IBM.
Global Environment Influence Factors
Growth
In 2005, Vineet Nayar was appointed president of HCLT. He joined a company with a 30% increasing revenues per year, a loss in market share and mind share (Nayar, 2010). The competition was growing at a 10-20%
Vineet Nayar is a charismatic leader that utilized disruptive innovation to improve HCLT in the IT industry. The rapidly changing IT industry was trending in the global environment. Although HCLT was increasing revenue it was not increasing their market share. To transform HCLT into a market competitor Nayar utilized associating, questioning, observing, networking and experimenting to reach and accomplish HCLT's success. However, Nayar neglected the market status in the beginning of this transformation and he did not network with other leaders in the IT world. Had he done both, he may have improved HCLT more than he did.
Nayar and Innovation
"At HCL we believe an employee is at the core of every bright idea that is a game changer." ~HCL, 2013
Introduction HCL Technologies (HCLT) Limited is a global information technology (IT) services company. HCLT offers services in software-led IT solutions, remote infrastructure management, engineering and Research and Development (R&D) services, and business process outsourcing. In 2005, HCLT hired Vineet Nayar. Nayar used the five discovery skills referred to in Dyer, Gergensen and Christensen's The Innovator's DAN; associating, questioning, observing, networking and experimenting also referred to as disruptive innovation. In using these skills, Nayar was able to look over the global environment and ask what HCLT was doing and how could it be changed. He posed these questions to the management and frontline employees. He used his strengths and supported his weaknesses with those that held them as strengths. Vineet Nayar brought a company that was barely competing in the IT industry to one that now competes with companies such as IBM.
Global Environment Influence Factors
Growth
In 2005, Vineet Nayar was appointed president of HCLT. He joined a company with a 30% increasing revenues per year, a loss in market share and mind share (Nayar, 2010). The competition was growing at a 10-20%
References: Dyer, J., Gregersen, H., & Christensen, C. (2011). The innovator 's dna: mastering the five skills of disruptive innovators. Boston: Harvard Business School Publishing. HCL Technologies Limited. (2013). Hcl. Retrieved from http://www.hcltech.com/ Nayar, V. (2010, June). A Maverick CEO Explains How He Persuaded His Team to Leap into the Future. Harvard Business Review, 110-113. Singh, P., Ramaul , P., & Talwar, A. (2013 , January 8). Hcl technologies: An ideapreneurship. Retrieved from http://www.managementexchange.com/story/crafting- one-of-worlds-largest-ideapreneurship