Page 52 - Thinkk Flip book

In Godfrey Phillips
we trust: With the Management of Godfrey Phillips
India - (left to right) Bhisham Wadhera -CEO KK Sharad Aggarwal -Group Head (Operations) and Aditya Gooptu - Business Head From the the the very start KK encouraged experimentation He created teams he he he he he he he trusted and then he he he he he he he backed their ideas even when he he he he he he he was not completely convinced himself Two years ago the Godfrey Phillips
(India) management made an an an unusual experiment They introduced a a a a a a a a a a a a tandem practice called ‘Bottom Up’ and and ‘Stretch’ In the the the the the first part people in in in the the the the the frontline were asked to set targets for the the the the the the Company so that they they felt they they had a a a a a a a a a a a voice in in in decision making In the the the the the practice of ‘Stretch’ they were encouraged to to to set extremely challenging targets for themselves without holding them them to to to it it The idea was to to to empower and reassure workers simultaneously It gave people permission to fail Amazingly this radical approach resulted
in in in an an unprecedented turnaround for for the Company with a a a a a a a a a a a a 70% growth in in profit before tax ” (March 31st 2019 – over 2018) Says Bhisham Wadhera CEO Godfrey Phillips
(India) “When we we first shared the the the the idea neither KK KK nor the the the the Management were sure about the the the the quantum of risk risk involved But all credit to to KK KK that he he he encouraged us to to take risks and not fear failure Today these methods have won recognition in larger forums