Vineet Nayar is the chief executive of HCL Technologies, an I.T. services company based in India. To help bridge the gap between ceo and the rank and file, he once danced (awkwardly) to a famous Bollywood song at an employee event. Here is what he has to say about how his company handles business planning:
‘As my kids became teenagers, I started looking at Facebook a little more closely. It was a significant amount of collaboration. There was open understanding. They didn’t have a problem sharing their status. Nothing seemed to be secret, and they were living their lives very openly, and friends were commenting on each other and it was working.
Here is my generation, which is very security-conscious and privacy-conscious, and I thought, what are the differences? This is the generation coming to work for us. It’s not my generation.
So we started having people make their presentations and record them for our internal Web site. We open that for review to a 360-degree workshop, which means your subordinates will review it. Your managers will read it. Your peers will read it, and everybody will comment on it. I will be, or your manager will be, one of the many who read it. So, every presentation was reviewed by 300, 400 people.
What happened? There were two very interesting lessons that I learned. One, because your subordinates are going to see the plan, you cannot lie. You have to be honest. Two, because your peers are going to see it, you are going to put your best work into it. Third, you didn’t learn from me. You learned by reviewing somebody else’s presentation. You learned from the comments somebody else gave you. For the 8,000 people who participated, there was a massive collaborative learning that took place.’
For more, see - http://www.nytimes.com/2010/02/14/business/14cornerweb.html?pagewanted=1&ref=business
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