VP Insurance of CTS Visits SPJIMR-Mumbai for Guest Lecture

VP Insurance of CTS Visits SPJIMR-Mumbai for Guest Lecture

We are moving from what are currently pure services offering to a mixed services offering. The services are offered as a continuum. CRISP is an initiative where multiple companies come together to solve major problems in the insurance industry. As regards the regulatory barriers, IT services firms face licensing requirements problems in only couple of states in the US.

It is not a good idea to outsource your core competency. There is a gap between the strategy space and the implementation phase. CTS offers to bridge that gap.

Speaking about the value of a deliverable, Mr. Nemeth observed an objective solution is of a lesser value if it is eventually not implementable. Corporate memory is preserved in the minds of the employees. Mr. Nemeth recounted Mr. Narayan Murthy's words "My company's equity becomes zero when my employees go back to their homes in the evening." He added that this illustrates the criticality of human resource capital for a company. Having said this, he pointed out that professionals with business skills are the ones who are going to herald this second phase of IT revolution.

Currently, in CTS, 1000 out of 40,000 employees are MBAs. This number, he said, will be going northward in the years to come.

Concluded.

Contributed by -
Gautham Sukanya K.,
PGDSM MIT (2006-08),
PR Committee,
S. P. Jain Institute of Management and Research, Mumbai.

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