Navigating the BANI World: Success Through Adaptability

Business leaders are emphasizing the importance of rapid adaptability in today's unpredictable BANI—Brittle, Anxious, Non-linear, and Incomprehensible—world. Sun Pharma's Executive Chairman Dilip Shanghvi highlighted the necessity for businesses to empower employees to make decisions swiftly and effectively in a panel discussion at the IFQM Symposium.

'In an environment that is consistently uncertain and liable to sudden change, the ability to react swiftly is crucial to achieving success,' Shanghvi said, encouraging organizations to evaluate employees based on impact rather than their occasional failures.

Motherson Group Chairman Vivek Chaand Sehgal echoed these sentiments, describing challenges as crucial growth engines. 'If you are fast and adaptable, you are poised to transform challenges into opportunities, as evidenced over the past two decades,' he observed.

(With inputs from agencies.)