HomeNewsTrendsFeaturesReview | 'Harsh Realities' will persuade you to put your ego aside, and approach industry experts

Review | 'Harsh Realities' will persuade you to put your ego aside, and approach industry experts

If you are looking for new ways to build a spirit of camaraderie within your organization, you might be able to pick up some tips from this book.

September 25, 2021 / 21:25 IST
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(Image: Harsh Mariwala / Moneycontrol)
(Image: Harsh Mariwala / Moneycontrol)

Why are businesses owned by joint families reluctant to hire professionals who are outsiders? How do they stand to gain or lose from this approach? What kind of inter-generational dialogue can generate trust and build the readiness to take risks? If you are interested in these questions, read the book Harsh Realities: The Making of Marico (2021) authored by Harsh Mariwala and Ram Charan in collaboration with Archana Mariwala and Jeswant Nair.

It will acquaint you with many of the ups and downs faced by Harsh Mariwala, who broke away from the family-run Bombay Oil Industries to establish Marico. He was confident in his own abilities but had a difficult time convincing the elders at home to let go of their old ways, and let him start anew. Since he did not pursue an MBA degree in a business school, much of his learning took place through his curiosity, observation, and a passion for problem-solving.

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“World over, nearly 70 per cent of companies are owned and run by families. India ranks third globally in terms of number of family-owned businesses, and these contribute to over 70% of India’s GDP,” he writes. If you work for one of them, this might resonate: “Keeping pace with the current times, it is vital that today’s parents be cognisant of their child’s aptitude and inclination and provide a facilitative environment for it to blossom.”

Published by Penguin Business, an imprint of Penguin Random House, this book has many lessons about finding common ground, nurturing relationships, and fostering a culture of respect, while chasing profits and pursuing dreams. Prof. Ram Charan, the co-author of this book, who has been Harsh Mariwala’s coach and mentor for the last 25 years, writes about how the Marico founder and chairman was able to dialogue patiently and achieve consensus.