Multimedia
Pillars of strong moats to change in current era, innovation crucial
While a strong moat remains critical to businesses, certain key aspects of creating such buffer against competition will change in the coming days, argued panelists during the discussion on Level Next - Building Strong Moat Businesses at Fortune India's The Next 500: Breaking New Frontiers event.
Nikhil Singhal, director and head-top tier business, HSBC India, pointed out the significance of reading megatrends to be able to develop moats. Lalit Agarwal, MD at V-Mart, recommended business to be customer-centric for building buffers against competition.
Rashima Misra, founder of Milk Mantra, emphasised on creating a strong growth margin, adding the focus will soon shift from economic moats to non-economic moats. Sanjesh Thakur, partner-risk management, Deloitte India, underlined the importance of innovation in creating strong moats.
Also Read
-
Bombay Shaving Company faces backlash for 'solidarity' campaign on topper Prachi Nigam
-
Adani Enterprises Q4 profit drops 38% to ₹450 crore
-
India's manufacturing PMI declines to 58.8 in April
-
Adani Ports Q4 profit zooms 77% to ₹2,015 cr; revenue up 19%
-
Aadhar Housing Finance sets price band at ₹300-315 for its ₹3,000 cr IPO