When people get rich, they cut themselves off from the context that has earned them these riches - the context of the common men. They forget they are part of society.
N. R. Narayana MurthyRead
If longevity is the best index to measure a company, a basic requirement is the ability of the corporation to generate new and new leaders.
Interpretation
A successful company must constantly develop new leaders to ensure its longevity.
This quote emphasizes that for a company to thrive over the long term, it needs not just to sustain operations, but to continuously foster leadership talent within its ranks. The ability to cultivate new leaders is essential for the growth and adaptability of the organization in an ever-changing business environment.
In practice
During a company seminar, to highlight the importance of leadership development.
When people get rich, they cut themselves off from the context that has earned them these riches - the context of the common men. They forget they are part of society.
When you are in business for a long time, you go through good times and bad times. When you go through bad times, you learn to control costs, satisfy customers better, satisfy employees better and become more transparent. Therefore, you build character in the company.
India is known for much development that has happened since our independence, but at the same time, we have also failed on many levels. It is the responsibility of the future generation to ensure that all these failures are corrected and help create a civilised society with equal opportunities for one and all.
The unique instrument to eradicate poverty and usher in prosperity is our youth.
The biggest impediment to growth is in our minds and not in the world outside, and only constant in the world is change.
The future of any corporation is as good as the value system of the leaders and followers in the organization.
We need to have business leaders who live by deep, strong principles.
In times of uncertainty, employees crave clarity. As a leader, you won't always have all of the answers - no one expects you to - so you must be open to listening and learning from others. Once you understand a particular challenge and outline the options, you have to be confident in making bold and optimistic decisions.
Charisma is the result of effective leadership, not the other way around.
Governing a large state is like boiling a small fish.
You need to plan the way a fire department plans: it cannot anticipate where the next fire will be, so it has to shape an energetic and efficient team that is capable of responding to the unanticipated as well as to any ordinary event.
Trust has two dimensions: competence and integrity. We will forgive mistakes of competence. Mistakes of integrity are harder to overcome.
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