Indian businesses today face challenges such as identifying new growth platforms, market discontinuities, strategic innovation and leveraging diversity. With the intention of addressing these issues an innovative day-long workshop in Mumbai recently titled ‘Reverse Innovation Meets Medici Effect,’ was organized by the Medici Institute. Two of world’s renowned gurus of innovation Vijay Govindarajan, Professor of International Business, Tuck School of Business, Dartmouth College and Frans Johansson, Founder and CEO of The Medici Group did the workshop jointly.

The day’s events included recognition of companies who have achieved excellence in five key areas – Innovation Strategy; Innovation Culture and Organization; Execution Excellence; Innovation Portfolio Management and Ideation and Creativity Management.

The four companies, out of 25 competing organizations who were shortlisted for the assessment round, and subsequently made their way into ‘The Medici Innovation Hall of Fame,’ are: Apeejay Stya & Svran Group, ICICI Bank, Tata Consultancy Services and WNS Global Services.