Coming back to Gladwell’s 10,000 hour rule, ergo, does it mean that the older your company’s existence, the more guaranteed your position is in the B&E Power 100 ranking? When Fortune magazine released its Fortune 500 list last year, iconic management guru Jim Collins, author of the cult book Good To Great, wrote in the cover story, “We live in an era of flux, where nothing can be built to last... In an era of turmoil, corporate stars will rise and fall. Of the 500 companies that appeared in the Fortune 500 list in 1955, only 71 find a place in the 2008 list! 2000 other companies have made it to the list and most are long gone from it...” We believed India Inc. was and is more resilient. We believed companies that are profitable in India, would more or less remain relatively similarly ranked in B&E Power 100 lists as years go by.
We were sure the Collins’ hypothesis would not apply to Indian companies. When the B&E Power 100 list came out for the year 2009, we realized how wrong we were. Out of the 100 companies that were there in our 2008 list, less than 80 find their way in the 2009 list – a churn of more than 20% for the last year. Yes, there are companies like Satyam that featured in our previous list and have not made it through the current one (for reasons other than losses; they’ve yet not released their results). But those are companies like MTNL, Biocon, Suzlon, Jubilant, Birla Corporation, DSP Merrill Lynch and more which, with their dropping out, prove that the Collins’ rule holds even across continents. In fact, the number one company on our current list, ONGC, is a brand new entrant (last year, the company couldn’t make it as it had not declared its results).
Be that as it may, a decade down, perhaps, we would find the resilient few who could beat the matrix at its own game. Perhaps, we would have case studies to show to the rest of the world on how to take the jump from the good to the greatest. Perhaps we would be able to finally corner the code that makes up the essence of an outlier. One day perhaps... For now, you have our smashing B&E Power 100 list, the only and exclusive ranking of the most profitable corporations India has to offer!!!
We were sure the Collins’ hypothesis would not apply to Indian companies. When the B&E Power 100 list came out for the year 2009, we realized how wrong we were. Out of the 100 companies that were there in our 2008 list, less than 80 find their way in the 2009 list – a churn of more than 20% for the last year. Yes, there are companies like Satyam that featured in our previous list and have not made it through the current one (for reasons other than losses; they’ve yet not released their results). But those are companies like MTNL, Biocon, Suzlon, Jubilant, Birla Corporation, DSP Merrill Lynch and more which, with their dropping out, prove that the Collins’ rule holds even across continents. In fact, the number one company on our current list, ONGC, is a brand new entrant (last year, the company couldn’t make it as it had not declared its results).
Be that as it may, a decade down, perhaps, we would find the resilient few who could beat the matrix at its own game. Perhaps, we would have case studies to show to the rest of the world on how to take the jump from the good to the greatest. Perhaps we would be able to finally corner the code that makes up the essence of an outlier. One day perhaps... For now, you have our smashing B&E Power 100 list, the only and exclusive ranking of the most profitable corporations India has to offer!!!
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