Birla, Mahindra defend conglomerate biz model
Kumar Mangalam Birla and Anand Mahindra have defended the Indian business model of conglomerate structure at a time when globalisation is demanding focus so that decisions can be taken quickly. At the Make in India summit here on Sunday, Edward L Monser, president of the US-based Emerson Electric Company, advocated focused businesses: “Globalisation has brought multiple layers of decision-making and speed has become a big issue.” Read Full Article Over Here : Business Standard News