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"Leaders establish the vision for the future and set the strategy for getting there; they cause change. They motivate and inspire others to go in the right direction and they, along with everyone else, sacrifice to get there.”, quotes Harvard professor John Kotter,widely regarded as the foremost authority on leadership and change and also the keynote speaker for Hexaware’s annual client summit, CSummit 07. He goes on to say, ”Leadership is very much related to change. Effective leaders help others to understand the necessity of change and to accept a common vision of the desired outcome.” The Csummit, which has the presence of the most innovative leaders in business, is a forum to share ideas, to learn where the industry is heading, to hear from thought leaders who shape these industries."
Joined by several eminent thinkers and leaders of change and practioners of successful business transformation, the CSummit 07 will stimulate thought and accelerate action. Hence, the theme we have chosen for this year’s summit is Acceleration. A theme designed to highlight the bringing of velocity, drive, and energy into everything we do from a business perspective. Acceleration applies to everything. When we follow an ‘accelerate’ philosophy, Business is truly impassioned, energized, and boosted in every possible way. Acceleration also signifies the drive to be better, do better, surpass the current level, exceed expectations, push the limits and cross barriers leading to true excellence.
Cheers
Rusi Brij, CEO & Vice Chairman,
Hexaware Technologies
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MiFID (Markets in Financial Instruments Directive) comes into effect on the 1st of November 2007, when it will replace the existing Investment Services Directive (ISD). MiFID is a major part of the European Union’s (EU) Financial Services Action Plan (FSAP), which is designed to create a single market in financial services. The main aim of introducing MiFID is to create a single, integrated market for financial services to ensure that investors and intermediaries can transact freely with clients across all European Union member states on the same terms and conditions as within their home countries.
MiFID will recognize and formalize the regulation of Multi Trading Facility (MTFs) such as Electronic communication Network (ECN), Automated Trading system (ATS), thus increasing the competition among stock exchanges, consequently providing greater revenue opportunities for the participants in the market. Read more
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In the globalization era, CXOs are challenged with growth issues that question the way business is performed today and its future. There is a growing concern over rising costs, scalability and efficiency of business operations. While business is going global, operations, too, are global today. Optimization is the buzz word where all organization energies are focused at. While in-house sourcing of services has been leveraged, outsourcing has emerged as the largest initiative of global organizations.
While the benefits of outsourcing have been much talked about, the challenges and the preparation for outsourcing has been left to individual CXOs to manage the outcome based on their experiences. The results are a mixed bag of outcomes. Managing outsourcing effectively is a management discipline and has evolved into a specialization. Governance is the buzz word in outsourcing. Read more
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