One of the most influential management thinkers Professor Robert S. Kaplan received the second Global Management Guru Award (GMGA), instituted by the Birla Institute of Management Technology (BIMTECH), in New Delhi on November 10.
Prof. Kaplan, credited with innovative management practices — ranging from Balanced Score Card to time-driven Activity Based Costing — received the award from India’s Planning Commission member Arun Maira and Public Enterprises Selection Board chairman Atul Chaturvedi.
The Global Management Guru Award, instituted by BIMTECH in 2011, went through a process of short listing 25 global thought leaders followed by a worldwide survey and jury process. The 2012 jury was led by eminent management educationist Dr. Pritam Singh.
While receiving the award, the Marvin Bower Professor of Leadership Development Emeritus at the Harvard Business School said “The integration from diverse disciplines– engineering, science, and economics–has been motivated by my desire to create solutions to the problems I saw managers struggling with in practice.”
“This global management guru award spurs me to take my recent work on risk management to a level where we seek to create a risk mitigation framework that could avoid repeat of the 2008 failure of multiple financial firms in the US”, author of 14 books Prof. Kaplan said while speaking to Indian bureaucrats, CEOs, academics and practitioners of modern management who graced the occasion.
Prof. Kaplan outlined his project on measuring costs of treating patients over a complete cycle of care, a measurement that when combined with good outcome measures from the clinical treatment should enable transformation of the delivery of health care.
The new Health Care Value framework, in collaboration with Harvard strategy professor Michael Porter, could spell a massive reduction in healthcare costs in high cost economies like America to delivery of efficient healthcare facilities millions of citizens in India.
Prof. Kaplan hoped this project would provide the basis for information enabling health care systems worldwide to improve the outcomes they deliver to patients while lowering their cost-to-serve.
Responding to Prof Kaplan, Planning Commission member Maira advocated a Theory of Change in Governance where diverse stakeholders buy into a shared value idea that best fits India’s needs. This method has the potential to deliver high levels of inclusive economic growth, better governance and full accountability.
Chaturvedi, Chairman, Public Enterprises Selection Board, advocated the idea of nurturing leaders who can innovate, lead their teams and their enterprises to meet self charted goals to serve stakeholder needs.