Western CEOs could learn a thing or two from their Indian counterparts, say the authors of new research on the difference between Indian and Western bosses.
Among the most salient lessons:
• Lead with a sense of social purpose. In India, leaders can cite a specific social purpose as a business goal.
“Having a social purpose really motivates workers. If you can articulate a social purpose for your organization and take it seriously, it can have real benefits,” says Peter Cappelli, one of the study’s researchers and a professor at the Wharton School.
• Invest in employees. Indian IT firms give 60 days of training to new hires, and even experienced workers can receive months’ worth of training.
U.S. firms typically view training as a risky investment: If an employee leaves, the investment in him is lost.
• Act as a role model. “One of the things these leaders all said was more important to them than shareholder value was being a personal role model for their employees,” says Cappelli.
“If people are watching what you do, is what you’re doing really what you want your employees to be doing?”
— Adapted from “What bosses can learn from India’s business leaders,” Mark Tutton, CNN.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/11534/tips-from-indias-ceos "
- Patience, good records key when employee sues
- The changing face of the ADA: Complying with the new amendments
- Approved FMLA leave doesn't mean worker is disabled
- Does your FMLA policy comply with the new leave expansions? Keep these 2 on your radar
- Time to care for adult children limited to ADA disabilities