With the Indian economy predicted to grow by 7.5 percent this year, experts say it could be time for Western CEOs to learn some lessons from their Indian counterparts. While Western economies continue to stutter, a report forecasts India will soon return to the high-growth trajectory it enjoyed before the crisis. At the same time, new research published recently in the Harvard Business Review shows the heads of India's biggest companies have a very different approach to leadership from Western bosses.
These are some of the key differences between Indian and Western bosses:
- Indian leaders lead with a sense of social purpose.
- Indian firms invest an enormous amount in their employees' training and development, whereas U.S. firms have largely abandoned investing in employees, seeing it as a waste if they leave the business.
- Indian bosses place far less emphasis on shareholders than is typical at Western businesses. As a result they're more able to take a long-term view.
- U.S. companies often think about strategy in terms of chasing customers or pursuing market opportunities, but Indian firms will more often start by identifying their strengths, identifying their customers' needs, and then try to meet those needs.
- Indian leaders see themselves first and foremost as being a personal role model for their employees.
No comments:
Post a Comment