Barinder Singh Basan
IMBsbasan
Professional with over 25 yrs of experience managing business. A strategist, A thinker and an innovator. Experience in cross sectional functions in various industries like Chemicals, Apparels, Retails,Hospitality, Construction, Manufacturing, Services. Proven experience in Business Development, P&L,Finance, Risk Management, Strategic planning and organizational transformation. 20+ years record of success managing corporate finance & business operations for growing manufacturing companies with multistate and international operations. Made break-through improvements in business processes utilizing lean methodologies and Six Sigma principles. Currently designated as Chief Executive Officer of Texport Syndicate India Limited
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Author Archives: IMBsbasan
Empathy
The biggest challenge I face managing a business which is labor intensive is to understand the circumstances under which or the which have forced a person to react the way he/she is reacting. And one thing is sure that at … Continue reading
Posted in Business, Country, Economy, Finance, Governance, Independence, India, Intrepreneurship, Management, Performance, Uncategorized
Tagged Business, communication, Cost Optimizartion, Entrepreneur, erm, governance, Human Resources, innovation, Lean, Management, micromanagement, MIS, performance, VSM
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Jai Hind….. Jai Ho
It is a wonderful Sunday today. Personally it becomes more blissful for me as I am enjoying an exquisite family holiday in Coorg. It is in the midst of a coffee plantation and I am totally secluded from the mechanized … Continue reading
Posted in Business, Country, Economy, Finance, Governance, Independence, India, Infosys, Intrepreneurship, Management, Modi, Performance, PM, Politics, Prime Minister
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Improving Cash flows – Inventory is the Key
I am currently following a very interesting discussion in one of Linked in groups. The moderator has raised a question “If you could do only one thing to improve cash flow, what would you do?”. There are variety of answers … Continue reading
Posted in Business, Finance, Governance, Management, Performance
Tagged BPR, Cash Flow, Cash to Cash, CFO, Cost Optimizartion, Finance, governance, Inventory, Lean, Management, process, VSM
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The Emerging Role of CFO
It can be safe to say that traditional roles of finance function are now taken for granted. The rules of the game have changed for CFOs, reflecting a more uncertain, dynamic and global economic environment in which their businesses operate. This is made more complex by extraordinary rate of technological change. This future environment presents enormous challenges for CFOs, but it also provides a great opportunity for ambitious finance professionals seeking a rewarding and enriching career. Aspiring CFOs with commercial exposure, who have developed their non-financial expertise and can be savvy in the boardroom are the ones to watch. Continue reading
Posted in Business, Finance, Management, Performance
Tagged Business, Cash to Cash, CFO, Entrepreneur, Finance, governance, Human Resources, Management
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Cost Cutting Vs. Cost Optimization
The latest buzzword in any business is budgeting and forecasting. A little bit of introspection and we find that budgeting practices are often aimed at cost reduction. Nothing but business environment is to be blamed for this. Growth rate of … Continue reading
Posted in Business, Finance, Governance, Management, Performance
Tagged Business, cost, cost cutting, Cost Optimizartion, Finance, Management, Value Chain, VSM
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It is time to be little optimistic
Indian economy witnessed its maximum growth in recent years in FY 2006-07 where the growth was reported at 9.4%. Post 2006-07 the economy slumbered at an agonizing and painful pace. According to a recent survey, Factory output in India for … Continue reading
Sustainable Business – Need of the Hour
From the traditional goal and objective of business of maximizing profits, Managers are now talking about creating values. It can be safely said that the neo age managers look upon maximizing prosperity rather than maximizing profits. Prosperity is a greater challenge than profit as … Continue reading
Posted in Business, Governance, Management
Tagged Business, coso, ecology, Entrepreneur, environment, governance, Management, performance, sustainability
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Performance Vs. Conformance
January 1948. Mohammad Ali Jinnah had decided to be adventurous and had pushed mujaheedeens in Kashmir Valley. India had just gained independence and was under charm of Lord Mountbatten and Mahatma Gandhi. Though it is ironical in many ways but … Continue reading
Posted in Business, Governance, Management, Performance
Tagged audit, Business, communication, conformance, coso, Entrepreneur, erm, governance, innovation, Management, performance, relationship, risk
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The Art of Storytelling
Above is a famous photograph. Almost everybody of us would have seen above and have admired the deception it portrays. The wow factor in the photograph is amazing and so is the strong underlying message it conveys. This photograph has … Continue reading
Persuasive Communication
I am a big fan of Jagjit Singh. 20 years back, I got a chance to attend one of his concerts in New Delhi. More than the excitement of listening him live; it was the prospect of getting face to … Continue reading
