Indian CEOs should strategize on the fostering of business institutions rather than just running companies. Institutions are superior to companies, just like forts are superior to modern bungalows. India needs more forts.
Like persistent bacteria which linger in the gut, debates about facilitating business linger in the alimentary canal of the economy. Last week, I participated in two different panel discussions, one in Mumbai and another in Bangalore.
2019 was a year full of board room debacles. Usually, we all tend to live in the uplands of activity-obsession. The lull during the holiday season offered me a quiet period when I retreated with my books into the valley of humility.
I had written an article on Ahankar-Mukt Leadership (BS, 6th Dec 2019). Even in successful companies, visible and acrimonious leadership disputes linger—like in L’Oréal, Viacom, Raymond, Infosys, Tata, Indigo and recently Murugappa.