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After having grown at a frenetic pace for the last six years (revenues have grown seven
times in this period) Indias leading IT solutions major, NIIT, has set itself a very
ambitious target. And, very appropriately, it has called the plan for this target "Fast
Forward". The plan involves a major restructuring of its organisational structure
and business processes.
According to Mr Rajendra Pawar, chairman of NIIT, the plan, which will ensure that the
company reaches a target of Rs. 10,000 crore in the next six years, has
taken nine months to mature. The plan
has been framed to develop, articulate and roll out an action plan that helps NIIT
implement its growth strategy. The process will involve a close examination of the
companys business processes and organisation structure.
NIIT, which currently focuses on identifying
key imperatives for accelerating growth in the new economy, has put in place a new
structure for this ambitious plan. Centre to this plan is the concept of "independent
business units", with a corporate centre to monitor the overall plan and
pursue long-term strategies. The corporate center will have a few highly experienced heads
of staff functions and will act as brains trust of the organisation.
The independent business unit heads would be
accountable to the NIIT board for strategy, targets and performance and will be equipped
with an advisory board. Each of the IBUs will have their own staff functions like human
resources, finance and commercial.
To be constituted largely by NIIT members, the advisory board will be responsible for
providing external inputs and cross business linkages. Each advisory board will thus have
members from outside of that business unit. These members are expected to enhance the
synergey unique to the NIIT business model and enforce the crucial outside-in perspective.
The plan envisages splitting the total business into the following independent business
units:
- education and training
- project K 12, which will pursue
opportunities in IT education for school children
- software solutions, which has been
further geographically broken into five independent
business units of US, Europe, Japan, Asia-Pacific and
India.
- knowledge solutions
- a financial services vertical
Mr. Pawar will directly oversee Horizon 3
initiatives, which is conceiving activities to be done in the next 3-5 years which
businesses dont find it exciting to nurture at the moment.
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