Harvard Business School Professor and former Medtronic chair and CEO Bill George on the big shift in management, being an authentic leader and meeting the Dalai Lama in Dharamsala.
"Growing the overall pie has a compounding effect on growth of your share of the pie."
"I don’t like the word 'retirement’. It is not in my dictionary. I have just moved from one phase of life to another phase—one that is even more fulfilling."
"So much is happening in artificial intelligence, data mining, etc. If I was running a large firm today, I would be on top of it all, harnessing its benefit for the company and the shareholders."
"Because the world is changing fast, so you have to be in learning mode: learn, unlearn and relearn."
"Empathy has become a buzzword today but it has always been there and has been defined differently. My parents would say treat others like you want to be treated."
"My focus and investment in people stay with me even today. I am proud to know 18 of my team members are CEOs today and more than 75 of them are CXOs in various companies."
"Customer experience and not customer service will decide the winners; great talent will have supply constraints and will command high premiums."
"The pandemic has universally changed our perspectives at work and put us on the fast track to some seminal changes."
"On leadership, my concept is 'flyvision': fly with the birds at 20,000 feet and recontextualise where you are from there."
"The time frame for strategic planning has reduced from ten to five and now three years."
Air Deccan founder Captain GR Gopinath on what he has been up to in recent years, what he misses about the corner office, which corporate leaders among the current crop impress him and more.
His advice to young leaders: "Focus on relationships and building trust with your customers, your partners and your employees."
Advice to the next set of corporate leaders: Don't listen to guys like me from the previous generation. We haven't dealt with the challenges and opportunities you have now.
'Risk taking by itself is not a problem but most don’t have the resources to back that with capital. Going global also means taking risks of a different level.'
"Younger people coming to the forefront means that 'seniority and experience' are no longer protective armours. The young generation is innovative, creative, more conscious of the environment, value systems... entrepreneurial and vastly bolder in breaking established rules and creating new ones."
'Live in a way that you can be trusted to always do the right thing, and work not only for money, but for a greater purpose... in your own way, do something for others with no expectation of returns.'
'Not enough has changed when you look at diversity, including, but not restricted to, gender diversity. There is more talk than action there.'
'To manage the increased size and scope of business today, you require highly efficient and nimble managers, and I think we have plenty of them in the ecosystem in India.'
'Have a purpose in life, and whether in Covid or normal times, retired or working, you’ll know what to do after breakfast each morning.'
Subroto Bagchi on how India/Bharat has changed since the 1970s, gaps in our understanding of the government's reach and why the C-suite must also be 'I-suite' or India-suite.
I believe that a leader must work for a superordinate goal, that becomes the reason to come to work every day and aligns and inspires the team, says Dr. Pawan Goenka
If you’re a manager in an owner-driven company, then learn to run the business well and leave managing the business to the owner, says former managing director and chief executive of Britannia Industries Sunil Alagh.
Sandeep Goyal, former Chairman Dentsu India, on why it’s not important to win every single time, the value of thinking big and lessons he’s learned over the years.