Mumbai: Harvard Business School Professor and leading management thinker, Michael E. Porter presented Porter Prize 2017 to winning companies for their unique strategic acumen. The award is adjudged after a rigorous process of evaluation and selection. Participants are thoroughly analysed on vital parameters of competitiveness and a jury selects winners who do exceptionally well in their respective category. The event was organised by Institute for Competitiveness, India on May 24, 2017 at The Taj Mahal Palace, Mumbai.
The winners of the Porter Prize 2017 are: DS Group, Manipal Health Enterprises, ITC Ltd. and GSK, Gujarat Narmada Valley Fertilizers & Chemicals Limited and SIDBI.
DS Group was presented the Taj Group Porter Prize for Creating Distinctive Value. Chitresh Gupta received the award on behalf of DS Group. The citation read “For your outstanding performance in the industry and ability to offer unique solutions to the customers. You effectively created new market spaces, segments and provided solutions that redefined the market.”
Manipal Health Enterprises was presented ICICI Lombard Porter Prize for Value-Based Healthcare which was received by Dr. Ajay Bakshi. The citation read “For redefining healthcare, providing an overall framework for diagnostics, participating in building a resilient health care system, focusing on providing value to patients, not just lowering costs; free flow of information i.e, information on results and prices needed for value-based competition and innovation in healthcare such as enhancing the patients’ experience, redefining the business around medical conditions.”
ITC Ltd. and GSK shared the Porter Prize for Creating Shared Value. Annaswami Vaidheesh and Sanjeev Puri received the awards on behalf of GSK and ITC respectively. The citation read “For your outstanding performance in the industry and to recognize the high impact your organization has created by reconceiving products & markets, redefining productivity in the value chains, enabling community development and in turn creating societal and economic progress.”
Gujarat Narmada Valley Fertilizers & Chemicals Limited was presented Porter Prize for Enabling Social Progress. Dr. Rajeev Kumar Gupta received the award on behalf of GNFC. The citation read “For your outstanding contribution to the society to meet the basic human needs, established blocks that allow communities to sustain the quality of life and creating conditions for individuals to reach their potential.”
ITC was presented Porter Prize for Excellence in Corporate Governance and Integration. Sanjeev Puri received the award on behalf of ITC. The citation read “For your outstanding performance driven through excellence in corporate governance that is reflected in synergies between different aspects of business, superior performance and control mechanisms.”
SIDBI was presented the Porter Prize for Leveraging Unique Activities. The citation read “For your outstanding performance in the industry and to recognize your effective rendering of activities across the value chain that created competitive advantage. You clearly stated that good strategies depend on the connection among many things and on making interdependent choices.”
The event was attended by CXO’s, top industry leaders, thinkers, and senior executives from corporates, government and media
Following CEOs on behalf of their enterprises received the award. Dr. Rajeev Kumar Gupta (MD, GNFC); Annaswami Vaidheesh (VP, South Asia & MD, India, GSK); Dr. Ajay Bakshi (MD & CEO, Manipal Health Enterprises Pvt. Ltd.); Chitresh Gupta (VP, DS Group); and Sanjeev Puri (CEO & ED, ITC)
Professor Michael E. Porter presented the Porter Prize 2017 awards to the enterprises. Professor Porter also delivered two keynotes on strategy and shared value.
