Institute for Competitiveness Announces Date for India’s National Competitiveness Forum and Porter Prize 2014

Porter Prize, one of the most coveted corporate awards which recognize the strategic acumen of corporates in India, will be held on September 26, 2014 at Raddison Blu, New Delhi. The event would be attended by MD’s, CXOs and comprises panels on strategy, shared value and award ceremony over the evening.  Apart from awarding the best companies, Porter Prize also assists the participating companies in making them recognize their company’s features to get a deeper hold on their strategy and methods to enhance it. The Keynote address would be delivered by Professor Michael E Porter.

Dr. Amit Kapoor, the Honorary Chairman of the India Council on Competitiveness said, “India stands for a plethora of innovative strategies and Porter Prize has been a front runner to recognize the strategies that have defined the market space. We are elated to continue awarding and assisting the companies with the best strategies in India.”

Porter Prize award has a robust three-stage process of making an application, strategy audit and jury evaluation. Stage I is filling in the application form; stage II, short listing of the companies, and conducting the strategy audits which is done by Roland Berger Strategy Consultants. This involves meeting the CEO and its immediate team. Stage III, the results are presented to the jury members and winners are decided.  The jury panel of Porter Prize 2014 includes Mark Kramer (MD and Founder, FSG); Lalitha Vaidyanathan (MD, FSG); Amit Kapoor (President & CEO, India Council on Competitiveness); Christian Ketels (Principal Associate, Institute for Strategy and Competitiveness, Harvard Business School); Tripurari Sharan, Sukumar Ranganathan (Editor, Mint); AP Pairigi (Director, Bennett Coleman & Co Ltd) , Mark Esposito (Professor, Greenoble Business School); Wilfried Aulbur (President & CEO, Roland Berger)

Porter Prize is awarded in the following categories:

• Industrial Architecture Shift
• Creating Distinctive Value
• Leveraging Unique Activities
• Exploiting Tradeoffs
• Creating Shared Value
• Value Based Healthcare

The companies, which have been awarded ‘Porter Prize’ in the past, are GroupM, Narayana Health, Uninor, Sealed Air, Apollo Gleneagles, Godrej and Rallis India Limited in 2013. In addition, MakeMy Trip, Mahindra Finance, HDFC Life, Vaatsalya, Bharti Airtel, ICICI Lombard & Mother Diary received the award in 2012.

India Council on Competitiveness will also host the India’s National Competitiveness Forum (NCF) on the same day. The Chairman of the council is Wilfried Aulbur, Managing Partner & CEO, Roland Berger Strategy Consultants. The council strives to work with top private sector leaders, renowned thinkers and government leaders to assess the state of the nation’s competitiveness, and explore pressing and emerging issues. Eminent speakers from various corporates such as Ray O. Johnson (CTO, Lockheed Martin), Vinay Hebber (MD, HBR, Asia Pacific), Deborah L. Wince-Smith (President and CEO, US Council on Competitiveness), Gerd Hoefner (Managing Director and CEO, Siemens Technology India), Pirojshaw Sarkari (CEO, Mahindra Logistics), Chad Evans (Executive Vice President, US Council on Competitiveness)and Mark Goyder (Founder, Tomorrow’s Company) will express their views about strategy, innovation and services.

The event is supported by Mint (Strategic Partner), Canon (Documentation Partner), Indian Institute of Corporate Affairs, CHD Developers, Apollo Gleneagles, ICICI Lombard, FSG, (Award Partners), United Airlines (Airline Partner), Roland Berger Strategy Consultants(Strategy Audit Partner), BusinessWorld, exchange4media Thinkers (Media Partners), City Innovates (Technology Partner), Hammurabi & Solomon (Legal Partner), AdFactors PR (PR Partner)and Radisson Blu Plaza (Hospitality Partner).

About Institute for Competitiveness

Institute for Competitiveness, India is an independent, international initiative centered in India, dedicated to enlarging and disseminating the body of research and knowledge on competition and strategy, pioneered over the last 25 years by Professor M.E. Porter of the Institute for Strategy and Competitiveness, Harvard Business School (ISC, HBS), USA. The institute studies competition and its implications for company strategy; the competitiveness of nations, regions & cities; suggests and provides solutions for social problems, Institute for Competitiveness, India brings out India City Competitiveness Report, India State Competitiveness Report, India Economic Quarterly, Journal of Competitiveness and funds academic research in the area of strategy & competitiveness

About Porter Prize

Porter Prize is named after Michael E Porter who is Professor at Harvard Business School, living legend and father of modern strategy field. The central idea of the Porter Prize is to propel companies to compete on the basis of value creation, innovation and strategy.

About India Council on Competitiveness

The India Council on Competitiveness is a non-partisan and a non-governmental network of leaders from corporate CEO, University Chancellors and Civil Society leaders working to make India a competitive nation. The Council created in collaboration with the U.S. Council on Competitiveness is based in Gurgaon, India and is an association of distinguished members from industry, academia, think tanks, media and researchers. The mission of the India Council is to set an action agenda to drive Indian competitiveness, productivity and leadership in world markets to raise the standard of living for all Indians.