The Confederation of Indian Industry (CII)'s KM India 2009 Conference that was organized in Chennai has named HCL Technologies as the Most Admired Knowledge Enterprise (MAKE) in India for 2009, for maximizing Enterprise Intellectual Capital.
The IT services major was picked by a panel of Indian-based Fortune 500 senior executives and internationally recognized knowledge management / intellectual capital experts.
It was found at the meet that Indian companies were building portfolios of intellectual capital and intangible assets that would, in turn, enable them to out-perform their competitors in India and abroad in the coming years. The MAKE study was intended at only organizations founded and headquartered in India. The study found that the current year's Indian MAKE winners were delivering superior financial performance. According to the panel, the Return on Revenues averaged 15 per cent. This is in fact five times more than the Global Fortune 500 median. Meanwhile the Return on Assets averaged 16.3per cent, which is over seven times the Global Fortune 500 median.
Organizations were rated against the MAKE framework of eight key knowledge performance dimensions, which dwelt upon visible drivers of competitive advantage and intellectual capital growth. Creating an enterprise knowledge-driven culture, developing knowledge workers through senior management leadership, innovation, maximizing enterprise intellectual capital, creating an enterprise collaborative knowledge sharing environment, creating a learning organization, delivering value based on customer/stakeholder knowledge, and transforming enterprise knowledge into shareholder/stakeholder value were the dimensions covered.
According to Gunaseelan Narayanan, Senior Corporate VP, HCL Technologies, “In the current competitive environment, creation, management and utilization of knowledge to build upon enterprise intellectual capital is a crucial differentiator and we are committed to creating transformational and innovative knowledge driven strategies moving forward. HCL has been widely recognized for its unique 'Employee First' management philosophy and winning this prestigious award is a reiteration of our human capital thought leadership."
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