October 28, 2018
MD's Message

The Power of Vision & Processes

I have always believed that the key to success is to have a vision and create processes that help make this vision a reality. The last few weeks reinforced this belief very strongly.

Business has been good this year. I was not surprised by this because we had a clear vision of how we wanted to serve our customers. We have been following a variety of processes from product quality, customer orientation to planned innovation and the results were due. Processes on their own are of no use unless they are followed and our growth is a testimony to the quality of briefs we receive from customers, the efforts of the sales and engineering team and our supply partners.

In the first week of October we successfully conducted Manufacturing Day 2018. As you are aware, for the last two years, we have been hosting Manufacturing Day. The last two editions were in Pune and Delhi and this year, we conducted the event in Chennai. Again a diligent set of processes came into play with reference to our selection of speakers, briefing them and arranging the logistics to make the program run well.

Manufacturing Day is a celebration of manufacturing where we bring the industry together for knowledge sharing and discussion. In the past editions, we have had stalwarts such as Mr Kishore Jayaraman, MD Rolly Royce, Mr Kamal Bali, MD Volvo India and Magsaysay Award winning educational reformist and innovator Mr Sonam Wangchuk as speakers.

This year, we had a host of eminent speakers including two of our prior speakers, Mr Kamal Bali and Mr Sonam Wangchuk. I believe our ability to attract good speakers and even repeat speakers is testimony to the quality of our vision. The industry has bought into our vision and recognises us as a serious player committed to growth through collaboration.

Manufacturing Day 2018 was focused on three core areas that we believe are critical to the future of manufacturing – Innovation, Factories of the Future and Entrepreneurship. As you are aware, innovation is one of the core values of BFW and we see a growing role for innovation in each aspect of our business. Innovation can create disproportionate value for all our stakeholders and starts with each one of us believing in and expressing our creativity.

Factories of the Future is a business imperative for the industry. We have taken powerful strides in this area but there is a lot more that needs to be done on a continuous basis. Experts shared our views on this and I think we can set an example for the rest of the industry to follow.

The spirit of entrepreneurship is not restricted to people who operate outside the business. Various entrepreneurs including Mr Manickam, Chairman of the Sakthi Group spoke of how entrepreneurship is about ownership, agility and well considered risk taking. They spoke candidly of their failures and challenges while their awesome track record speaks for itself. There is a large space for entrepreneurs at BFW and I encourage you to bring your entrepreneurial spirit to your work.

Warm Regards,

Ravi Raghavan - MD & CEO

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