The winners in business have shifted markedly in the past decade—and the keys to success are likely to be very different again in ten years’ time. How should leaders prepare their companies to thrive in a rapidly evolving landscape? What will it take to win the '20s?
As the banking sector nears the point of inflection, there is a need to assess new paradigms which would define the success for the banking industry. The gap between strong and weak banks is widening by the year, necessitating a change in the landscape of the industry.
Banks in India have made initial strides in developing their digital sales capabilities by working on areas like easy and secure login options as well as integration of basic and third party product applications in their mobile banking applications. However, the report reveals low overall scores for Indian banks for their mobile banking applications; trailing the global peers.
Digital Powers Consumer Durables: A $23 Bn opportunity by 2023
By 2023, the Indian Consumer Durables industry will reach $36Bn and a whopping 63% of this will be digitally influenced sales, translating into a $23Bn opportunity. Approximately 80% of digitally influenced consumers today decide their brand after researching online, in a short window of 2-3 weeks and companies will need to win these consumers to stay relevant.
Our social-impact work seeks to make a difference beyond the business world. Having a beneficial social impact is fundamental to who we are as an organization and is one of our nine stated values. BCG's involvement in this area is motivated by our desire to make a positive difference to society in general and often to the underprivileged in particular. The CSR policy of The Boston Consulting Group (India) Pvt Ltd highlights the Company's philosophy towards Corporate Social Responsibility and lays down the guiding principles for undertaking the Company's CSR activities in India.