Jaideep Devare is the Founding Member & Managing Director of Mahindra Insurance Brokers Ltd. (MIBL), which is part of the USD 17.8 billion Mahindra Group, a global federation of companies. Formed in 2004, MIBL is into providing insurance solutions to individuals and institutions, and reinsurance solutions to insurance companies. Jaideep has 27 years of experience spanning diverse businesses, including automotive and infrastructure. He holds a Bachelor of Engineering degree in Production Engineering, a Masters in Management Studies with specialization in Finance, and a Doctorate of Philosophy in Business Management with a thesis on strategies for success in the Indian private sector insurance Joint Ventures.
Organizational Transformation and Improvement
Organization Transformation by adopting People-CMM ML5
Based on the benefits reaped by our company by adopting PCMM ML3 processes, we decided to embark on the PCMM ML5 journey and adopt high maturity level processes.
The competitive landscape is changing and new approaches & models of competitiveness are needed to deal with business challenges ahead. This also demands for enhanced organization capabilities and agile culture that will enable firms to serve their customers better and differentiate in the competitive market. We took focused interventions aligned with PCMM principles to attain business sustainability and gain competitive advantage in terms of people & profit. The change management journey was quite interesting and of great learning.