Adi Godrej Delivers Talk at Leadership Lecture Series of SJMSOM-IIT Mumbai

Adi Godrej Delivers Talk at Leadership Lecture Series of SJMSOM-IIT Mumbai

While sharing his experiences, he told that earlier the industry rules were so strict that his definition of success was to get a license to enter the industry. But today, with liberalization and privatization gaining momentum, success for a company is defined as how much EVA it can achieve within a certain period.

However, the biggest reason for success of Godrej is that in Godrej Industries they follow the "Bottom up Approach" instead of the "Top Down Approach" which means that they take opinions from all levels of the organization, instead of imposing just the top level decisions.

When asked about India being tagged as the back office of the world, he said that if we can ideally engage 1.1 billion in value added work, it would be quite a revolution. Till a few years back, even graduates were unemployed. Now the situation has changed. India's competitiveness is not because of labor arbitrage but because of our demography. Being relatively young is what clinches the deal which is not the case with other countries like China, Russia, France, Germany, Japan, etc. So we can gradually evolve from being a back office to being engaged in high quality work.

The highly inspiring and interactive session came to an end with Mr. Godrej emphasizing the importance how leaders should always try to listen to others.

Concluded.

Contributed by -
Rachit R. Mehrotra,
Batch of 2006-08,
Shailesh J. Mehta School of Management, IIT Bombay .

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