Taking over the mantle : a challenge in many dimensions

Keys to the empire

Power breakfast

The young Turks:taking over the mantle

A new generation is being baptized by fire in companies across India Inc. This rigorous training is imposed by their parents to acclimatize them to the grim business realities. They are suave and talk straight. They are educated from Ivy-league institutions. They are fluent in the grammar of global business. They spent their childhood days under the cozy confines of their parents who, during the early nineties, were liberated from the shackles of License Raj. Rising like a phoenix from the ashes of the socialist India, these business-family scions cannot be but ambitious. They are coming of age at the right time when India Inc ambitiously marches into the twenty first century.

The decade after the second millennium A.D has been quite remarkable for billions of Indians as it heralded the resurgence of India as the cynosure of the world, spurred by globalization and information technology. The most fascinating aspect of this rag to riches story is the way India arrived at the right moment, realizing its innate strengths developed in her tryst with the forces of history, to lead the way in the vicissitudes of time. Be it India’s rich legacy of ancient sciences or the ‘palimpsest’ comprising diverse cultures within Indian DNA or the royal bequeaths of the English language from the British colonial masters, everything seems perfectly planned to orchestrate the rise of India in the new millennium. This “Naya Daur” has infused a whole new generation of Indians, repressed and shackled by centuries of colonialism, with an empowering sense of confidence to lead and conquer the world. The rise of the entrepreneurial spirit across cities and villages speaks volumes about this Himalayan aspiration running in every nook and corner of the country. No dream is now too big to achieve.

Behold! The Gen-Next Leaders have arrived

Leadership through the centuries has been shaped by the challenges of the society it addressed to. Leaders of the previous era were defined by a strong element of superhuman-ness which gave them the wherewithal to exercise power over their legion of followers. Their operational levers were driven by centralized power structures arising from one single authority. They were charismatic and extra-ordinary individuals who operated from a higher plane of reality. Their ability to lead depended on their capability to distance themselves from the web of circumstances their followers were led into. Their strong personality and exalted stature however turns out to be a liability in this new era as it makes their followers dependent and blinds them from understanding the dynamic and interconnected reality we are now living in.
In the new era, a leader is essential as long as the follower discovers the leader within. Leadership in the new era will transcend the limiting boundaries of gender and personality and will be characterized by an invisible, galvanizing spirit whose seed lies in the heart of every follower. Leadership energy cannot afford to be myopic in this new era. With the entire world remaining interconnected through seamless networks, leadership has to be mindful of the consequences of each and every decision taken, not just in its surrounding environment but also in distant borders where its repercussions may be felt.

Taking over the Mantle

While the new legions of leaders are working their way to the upper echelons of management, they cannot afford to forget that the remnants of old institutions still exist, while companies are transitioning to the new Era. This transition phase is highly critical especially when they are taking over the mantle. While they are hungry to steer the winds of change, in accordance with the changing times, it is important that they remain sensitive to the pain involved in transition. The greatest challenge would be in infusing the sense of change in the warp and woof of the organizational culture built laboriously over the years by their ancestors. While their ancestors faced existential angst during the pre-liberalization days, time has come full circle as these new business scions are asking tough existential questions as they move from de jure to de facto multinational in a globalized world. It is no easy challenge. It would cut the mustard amongst the crop of new leaders waiting to lead India Inc in the twenty first century. Are they ready?

--Venkataraman Ramachandran ('09-11,Marketing)

Taking over the mantle

Every year Symbiosis Institute of International Business(SIIB) organizes the “Leadership Series” as a platform for interaction between its students and industry leaders. It is a one day event, which is a confluence of the great minds from the various industrial sectors, all of which serve as a rendezvous for the corporate and the academia. This helps the students gain the much needed industry insights, adding to their learning process.

Following the success of the first SIIB Leadership Series in 2003, which was graced by prominent personalities of India Inc such as Mr. Homi Khusrokhan (MD,Tata Tea), Mr. U. V. Bose (CEO, Air Sahara), Mr. Rajnish Narula (CEO, Alliance Capital Asset Management) to name a few - SIIB Leadership has served as an exciting platform for the future young managers of SIIB and delegates from other top B-schools to interact and the get the real feel of what it takes to make it to the pinnacle on a career ladder.

Over the SIIB Leadership Series in following years, the annual flagship event of the Symbiosis Institute of International Business (Pune) has witnessed the confluence of the diasporic experiences and rejuvenate thoughts, from the leaders of all genre of Corporate India.

Mr. Adi Godrej (Chairman, Godrej group), Mr. Habil Khorakiwala (Chairman, Wockhardt Ltd), Mr. Jagdish Capoor (Chairman, HDFC Bank), Mr. M. N. Singh (Chairman, Invent ARC Pvt. Ltd), Mr. Bala Swaminathan (MD, Standard Chartered Bank) are few of the many distinguished personalities who have graced the occasions in succeeding Leadership Symposium.

The Leadership Series 2009 saw the extension to a yet new dimension of inviting eminent speakers from diverse professions apart from the corporate leaders to advertisers. With the theme "Entrepreneurship", the 2009 series was marked by the presence of

• Mr. Ravi Pandit Chairman & Group CEO, KPIT Cummins Infosystem
• Mr. P.P. Chhabaria Chairman, Finolex Cables Limited.
• Mr. Navin Suri, CEO, ING Investments, India
• Mr. David Wittenberg, The Innovation Workgroup
• Mr. Ravi Deshpande, Chairman & Chief Creative Officer , Contract Advertising
• Mr. Abhijeet Rande, Associate Director, Pricewaterhouse Coopers

It is a very well known fact that family-run businesses are the bedrock of almost all of the world’s economies. Less well known is that, according to numerous research studies, family firms perform better than non-family businesses. These outstanding achievements are often attributed to the unique competitive advantages that these firms have gained over time. Particularly, family involvement encourages long-term orientation and patience, attributes that help family firms stand above the rest.

A typical business system emphasizes concepts like “rationality,” “competence,” “contract,” “future” and “money,” whereas a typical family system values “emotion,” “relationship,” “memories” and “love.” With the same spirits this year we present to you, Leadership Series 2010 to be held on 4th September 2010 at Symbiosis Infotech Campus, Hinjewadi, Pune with the theme “Taking Over the Mantle”.