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Monday, September 19, 2005

Red Herring 100 Asia list

Is it "listing and ranking time" again? The last time I wrote about a ranked list was in February and April this year, I think.

Red Herring, an American business technology and innovation magazine, has published its first "Red Herring 100 Asia list" which recognizes budding companies in the Asian market in the fields of consumer electronics, IT, wireless, communications services, media and biotechnology.

The list features "Asia's Top 100 Technology Companies", out of which 12 are Indian companies, increasingly hitting it big on the global tech scenario. The other trailblazers "getting there" are essentially from Russia, Japan, China, Australia, New Zealand etc.

Those rankings are good for companies, if it is based on sound methodology - and I don't doubt Red Herring - because it allows market followers to understand the gap they need to cross to reach the best of the best. However, it is also crucial not to focus too much on best practices only, but also to create your own markets and become an innovator in your own terms. I believe that Asian companies are able to shake the global business boat and congratulate those winners in the list.

(By Asia Business Consulting)