Harvard Business School Professor and leading management thinker, Michael E. Porter addressed a gathering of top industry leaders, thinkers and government functionaries at Porter Prize 2018 held on May 30, 2018 at The Taj Mahal Palace, Mumbai. Porter Prize is awarded to winning companies for their strategic acumen. The award is adjudged after a rigorous process of evaluation, interaction and jury assessment. Participants are thoroughly analysed on vital parameters of strategy like trade-offs, creating distinctive value, fit, et al. that drive the competitive advantage of firms.
Mahindra Insurance and Mahindra & Mahindra (Farm Equipment Sector) were presented the GNFC Porter Prize for Creating Shared Value. Mr. Jaideep Devare, MD, Mahindra Insurance, and Atindriya Bose, CEO, Mahindra & Mahindra, Farm Equipment Sector, received the award on behalf of their companies. The citation reads “For your outstanding performance in the industry and to recognize your high impact as an organization that created economic success by redefining markets, products, way of doing business, creating collaborative efforts and in turn creating societal and economic progress.”
The winners can be looked here.