Core Competence and Corporate India

The debate of core competence was of little consequence in the Indian context so far. Economic reform and boom, had almost blindfolded companies from the benefits of constrained operations. Coupled with rising level of incomes levels and expenditure - India was synonym with growth. Till recently astounding the world with ambitious acquisitions, corporate India is now in a fix. Poor risk management is evident from the extent of unpreparedness to deal with the current crisis. Also with the sources of funds drying up - listless banks and departing foreign investors, it is time that companies revert back to basics. Not only in terms of type of activities to be performed but also the manner in which they are to be performed.