\u201cIt is difficult to create a culture of innovation in businesses and it is the leadership to ensure that people in the organisation experiment and take risks and remove the fear of failure. Constant innovation and creating a culture that encourages new ideas are key to building a successful business\u201d said Mr Mr Harsh Mariwala, Founder and Chairman of Marico and past president FICCI ,while speaking at an interactive session \u2018The right to Win\u2019 organised by FICCI Ladies Organisation (FLO) , the women business wing of FICCI.<\/p>\n\n\n\n
“I realised the importance of innovation 20 years back, When I look back at our brands, they all have something different which has succeeded in the market.. So, if you want to succeed in the marketplace you have to innovate, not just to launch a product but also on a perpetual basis, because it is a matter of time others will start copying you,” said Mr Mariwala.<\/p>\n\n\n
\u201cIn a product like the Parachute<\/a>, Marico constantly innovated in its packaging, Saffola<\/a> was a pioneer in healthy edible oil and so on. My belief in innovation is very high and that’s why we started the Marico Innovation Foundation<\/a>. I think, if India has to succeed, innovation has to play a very important role,” he said.<\/p>\n\n\n\n \u201cHowever, it is difficult to create a culture of innovation in businesses and it is the leadership to ensure that people in the organisation experiment and take risks and remove the fear of failure. <\/p>\n\n\n\n \u201c<\/strong>Entrepreneurs will lead the country to higher growth and prosperity and suggest businesses to adopt a transformative \u2018digital approach\u2019 for sustainable growth.In our business which is defensive we have started adopting technology and also taking over companies which are digitally marketing strong . Through our ASCENT Foundation, we are working with 800 entrepreneurs all over India.\u201d He added .<\/p>\n\n\n\n \u201cMarico, which also owns brands such as Hair and Care, Nihar, and Livon, will continue to maintain a sharp focus on driving penetration and market share gains across its portfolios aided by distribution expansion, cost controls, and investment in market development and brand building.\u201d He added.<\/p>\n\n\n\n \u201cMarico now has operations in 25 countries across Asia and Africa. Since then, the company and its products have become a part of every Indian household. Encapsulating this success story is his book Harsh Realities , he concluded <\/p>\n\n\n\n \u201cFLO with 19 Chapters and 8000 members across India represents women entrepreneurs and professionals through our mandate of empowering them and equipping them with skills and capacities to become equal contributors to the Indian economy. Said Ms Sudha Shivkumar, FICCI Ladies Organisation Senior Vice President<\/p>\n\n\n\n \u201cUnder the\u00a0startup initiative FLO is \u00a0providing complete support from\u00a0Ideation, incubation, mentoring, acceleration and finally investments.\u201d She said, Minal Jain was the chief coordinator of the programme .<\/p>\n","protected":false},"excerpt":{"rendered":" Innovation, marketing and strong distribution network are key to success for Fast Moving Consumer (FMCG) products . In a product like the Parachute, Marico constantly innovated in its packaging, Saffola was a pioneer in healthy edible oil. \u201cIt is difficult to create a culture of innovation in businesses and it is the leadership to ensure that people in the organisation experiment and take risks and remove the fear of failure. Constant innovation and creating a culture that encourages new ideas are key to building a successful business\u201d said Mr Mr Harsh Mariwala, Founder and Chairman of Marico and past president <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1875],"tags":[],"class_list":["post-68101","post","type-post","status-publish","format-standard","hentry","category-events"],"_links":{"self":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/68101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/comments?post=68101"}],"version-history":[{"count":1,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/68101\/revisions"}],"predecessor-version":[{"id":68104,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/posts\/68101\/revisions\/68104"}],"wp:attachment":[{"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/media?parent=68101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/categories?post=68101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dwarkaparichay.com\/blog\/wp-json\/wp\/v2\/tags?post=68101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}