MANAGEMENT MANTRA
MANAGEMENT MANTRA - “Embrace Change And Innovation”: Vinay Kumar Singh, ED & CEO, Thomson Digital
- Sharmila Chand
- Jul 05, 2023
Vinay Kumar Singh always believes in constantly learning and adapting to
new challenges and opportunities. So, when Mr Singh was offered an opportunity
to head Thomson Digital, he happily made the shift from Thomson Press. He lost
no time in familiarising himself with the requirements of his new
role.
An alumnus of the Regional Institute of Printing Technology, Jadhavpur
University, Kolkata, Mr Singh also pursued a course in Graphic Communication
Technology from the University of Pune. He also specialised in scientific and
educational content and underwent Executive Training Programs at ISB Hyderabad.
Beginning his career with Thomson Press in 1991, Mr Singh served the
organisation in multiple capacities. He established Thomson Digital, a division
of Thomson Press India, and transformed it into an independent
brand. In 2000, Mr Singh was given the charge of running the export
division of Thomson Press in its content solu tion and services division. He
undertook business expansion, marketing and product development across all the
units of Thomson Digital in the country.
In a thought-provoking interaction with Sharmila Chand, Mr
Singh shares his management principles and practices that have brought him huge
success in his personal and professional lives.
What are the five management mantras you follow?
Focus on creating value for customers: Success in business
requires a deep understanding of customers’ needs and preferences and the
ability to deliver products and services that meet or exceed their expectations.
Build a strong team: Success also depends on having a talented and
motivated team that shares a common vision and values and works collaboratively
to achieve the common goals.
Embrace innovation: In today’s fast-changing business
environment, it is essential to be open to new ideas, technologies and ways of
working that can help create a competitive advantage and drive growth.
Manage risk effectively: Success also requires the
ability to anticipate and manage risks effectively, whether they are related to
market dynamics, technology disruptions or other factors.
Continuously learn and improve: Finally, success in
business requires a continuous process of learning and improvement, including
seeking feedback, analysing performance and making adjustments as needed. Industry
leaders need to ensure keeping pace with the developments in technology to
provide satisfaction to their customers. A strong understanding of customers’
requirements is a must.
Do you play any game which helps you in your work?
Games teach valuable lessons such as the importance of planning ahead,
analysing risks and opportunities and adapting to changing circumstances. These
skills are critical in today’s fast-paced world. These are essential skills in
the workplace to make swift and calculated decisions to meet business goals. I
play badminton which helps me to learn skills continuously like patience and
persistence that offer benefits in achieving an individual’s professional
endeavours.
Would you share with us the turning point in your life related to your
career?
The turning point happened when I joined Thomson Digital to head the
publishing services vertical of international scientific, technical and medical
content and took on the challenge of transforming it into a growing and
profitable business in 2000. It was a steep learning curve, but it gave me the
opportunity to apply my skills and experience to create a successful business
model.
What is your philosophy of work?
I believe in staying focused on the bigger picture while also paying
attention to details. It is very important to maintain high ethical standards
and build strong relationships with colleagues, customers and stakeholders.
Is there any particular person that you admire who has inspired you?
I admire my father, a self-made man with unmatched leadership skills,
integrity and commitment to professionalism and transparency. His emphasis on
self-discipline and his peaceful resolution of conflict are timeless lessons
that can inspire anyone.
What is the secret of your success?
It is a combination of hard work, passion and focus on delivering value to
customers. I also believe in constantly learning and adapting to new challenges
and opportunities.
What is the best advice that you have got?
The best advice that I have got was to always remain humble and never stop
learning, no matter how successful or experienced one becomes.
Who is your sounding board?
My sounding board is my family, who provides me with valuable feedback,
support and encouragement in both personal and professional matters.
What are your favourite books?
My favourite books are The Noodle of Kalimpong by Gyalo Thondup and The
Lean Startup by Eric Ries.
How do you keep yourself fit?
I maintain a regular fitness regime by exercising daily, having a healthy
diet and getting enough rest and sleep. I also enjoy outdoor activities once in
a while to stay active and energised.
What message on management would you like to convey to youngsters?
My message to youngsters on management is to focus on developing a growth
mindset, which involves embracing challenges, learning from failures, seeking
feedback and continuously improving oneself.
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