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Harsh Goenka: IMD Lausanne Prof. taught me there's no substitute for being prepared

Some teachers make a lasting impact on our lives and work. Harsh Goenka, Chairman of RPG Group; Zia Mody, Managing Partner, AZB & Partners; and fashion entrepreneur Anita Dongre tell us about one teacher who had such an impact on them, and the lessons they learnt from these teachers.

September 05, 2022 / 12:39 IST
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Harsh Goenka, Chairman of RPG Group.
Harsh Goenka, Chairman of RPG Group.

Harsh Goenka, Chairman of RPG Group, notes that he had teachers in school whom he was fond of and got along with but when it came to one who truly had an outstanding impact on his life in a deeper sense, it was Dr Vijay K. Jolly, a management professor at IMD Lausanne, in Switzerland.

Jolly had run into Goenka in Kolkata and in the course of a conversation led him to consider attending school at IMD, which in due course, Goenka did. "That was the first impact he had which was taking a step and making a change," Goenka says.

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The second takeaway for him was watching how the professor engaged his students, not just in the classroom but also socially and by sharing notes on a variety of topics. He ended up instructing Goenka on concepts that were starting to pick up momentum in the business world at large and were not even being talked about in markets such as India in the 1980s. "There were several North Stars I was exposed to and those included, for example, corporate social governance and how it goes on to actually create value in the long term, something that is now being discussed with even greater intensity as ESG nowadays," he said.

The third lasting lesson of impact that Jolly imparted to Goenka and which he has endeavoured to imbibe across his companies was on principles of human resources or HR. "Back then, HR was seen as akin to IR or industrial relations but Jolly sharpened my outlook on how HR processes when correctly streamlined influenced human behaviour, organizational structures and the functioning of a corporation at large," Goenka says, adding that he as a result became deeply passionate about those facets of companies.