Top ranked in Asia for its 'innovative capabilities in developing new products/services/solutions' and 'maximizing enterprise intellectual capital'
October 16, 2008 - Bangalore, India
MindTree Limited, a global IT and R&D services company, announced today that it has been awarded the Asian Most Admired Knowledge Enterprise (MAKE) Award by Teleos, in association with The KNOW Network. This was announced at the World Knowledge Forum 2008, in Seoul, South Korea, where the award was presented to MindTree. The Asian MAKE Award recognizes Asian organizations that are front leaders in effectively transforming enterprise knowledge into wealth-creating ideas, products and solutions.
A panel of Asian Fortune Global 500 business executives and leading knowledge management and intellectual capital experts found MindTree to be the best among Asian organizations in the area of Knowledge Management. "We are honored to receive this prestigious recognition. Knowledge Management at MindTree is a strategic undertaking that significantly impacts our productivity and ability to innovate in providing services and solutions to our customers," said MindTree Chairman & Managing Director Ashok Soota.
MindTree's Knowledge Management Function allows the firm to harness the knowledge and ideas of its people towards innovation, better service delivery, and organizational learning. MindTree's approach to Knowledge Management is holistic and focused on building a knowledge ecosystem, which MindTree defines as four 'spaces' within which its people interact to create value: physical space, virtual space, social space, and mind space. The key thrust areas of Knowledge Management in MindTree are innovation, collaboration and reuse. All these have been realized by deploying multiple platforms that impact people's behavior, creativity and productivity. "Our knowledge strategy is differentiated in the industry by its completeness of vision and scope," said MindTree Vice President and Chief Knowledge Officer Raj Datta. "In addition to deploying feature-rich technical platforms, we are differentiated by our focus on softer enablers like social networking, culture-building and creative thinking."
In the MAKE study performance dimensions, MindTree was the top ranked company in Asia in 'innovation in knowledge-based products/services/solutions' and 'maximizing enterprise intellectual capital'. It was ranked second in 'developing knowledge workers through senior management leadership'.
In 2007, MindTree was declared the Number 1 ranked Most Admired Knowledge Enterprise in India. MindTree also won the NASSCOM Innovation Award 2007 for its knowledge ecosystem.
Teleos, an independent knowledge management and intellectual capital research firm, administers the Most Admired Knowledge Enterprises (MAKE) program. The KNOW Network is a Web-based global community of organizations dedicated to achieving superior performance through benchmarking, networking and best practice knowledge sharing.
MindTree Limited is a global IT and R&D Services Company co-headquartered in the U.S. and India. With a passion for customer satisfaction, MindTree partners with its clients to create a transparent, value-based relationship. Our domain experts deliver business-enabling solutions by leveraging a consulting led, framework-based and IP-driven approach. MindTree's IT Services business provides a range of services to CIOs across a variety of industry segments. Our R&D Services business works with Technology companies to help build innovative products by providing Product Realization services. MindTree has acquired an 80% equity stake in Aztecsoft Ltd., a global leader in outsourced product development and independent testing. The Company intends to complete the merger by April 2009.
MindTree was named among the Top 30 offshore service providers by the International Association of Outsourcing Professionals and Fortune Magazine. Widely known for its focus on human capital development, MindTree has been consistently rated among the most admired employers by several industry surveys, including Hewitt Associates and Mercer/TNS, and is also the winner of the MAKE Award for knowledge management. MindTree has been selected as one of the Top 25 companies for good Corporate Governance practices. MindTree is publicly listed in India. Please visit us at www.mindtree.com