CHARACTERISTICS OF RESILIENT LEADERSHIP
Entrepreneur magazine|October 2024
From the race to embrace artificial intelligence (AI) to ever-mounting geopolitical concerns, the challenges faced by the CEOs of today are vast and complex. Alongside these external pressures, internal challenges such as upskilling the workforce and hybrid working are pushing CEOs to be agile and adaptable in their stakeholder management while also keeping an eye on long-term growth
PUNITA SABHARWAL
CHARACTERISTICS OF RESILIENT LEADERSHIP

THE STABLE FINANCER

A CEO’s calendar is packed with hectic schedules during their first 100 days in office, including meetings with suppliers and important customers, listening tours for employees, and factory tours. Either physically or online, employees want to meet the new boss. Additionally, the CEO wants to make a good first impression.

For YS Chakravarthi, the MD & CEO of Shriram Finance one of the defining moments was his first interaction with the founder of the company. “That gave us clarity on purpose of life, and on your responsibility towards the society and your customers.” His key takeaway from the interaction was to encourage people and his team to make mistakes. “What happens is when you start punishing people for mistakes, innovation dies. People will not go beyond what they were told to do or they will not try to go that extra mile,” he said. “As a CEO, you need to sit with people when there is a problem, when there is an issue or they make a mistake. Your first responsibility should be on how to sort out the issue, not berate the person, not shout at him or criticize him. Find a solution to the problem. Give him/her a solution for it. Then you have a person who will be willing to experiment, will be going that extra mile to give you results,” he explained. When it comes management styles, Chakravarthi was clear that his is “consultative”. “Everybody's opinion is important. If not to you, to the other person. So listen to people. Listen to what they have to say and then reason out with them.”

On what was the most daring or gutsy decision he has taken, he answered, “There are no daring and gutsy steps in finance. We cannot afford to take gutsy steps because you are dealing with public money. You can't gamble with public money. So decisions are calculated.”

Diese Geschichte stammt aus der October 2024-Ausgabe von Entrepreneur magazine.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der October 2024-Ausgabe von Entrepreneur magazine.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS ENTREPRENEUR MAGAZINEAlle anzeigen
Can't Turn Off Your Mind? AI Can Be An After-hours Professional Coach
Entrepreneur magazine

Can't Turn Off Your Mind? AI Can Be An After-hours Professional Coach

AI is now the go-to-tool that helps you connect the dots in life. From learning a new language, to expanding on your professional development skills, AI can help support you with almost whatever you need.

time-read
2 Minuten  |
October 2024
Your Next Assistant May Be a Bot
Entrepreneur magazine

Your Next Assistant May Be a Bot

For decades, we've been waiting for technology that can handle tedious, time-consuming tasks for us. Finally, we're on the verge of getting it.

time-read
2 Minuten  |
October 2024
HOW NIRANJAN HIRANANDANI CREATED THE 'REAL' ESTATE BUSINESS
Entrepreneur magazine

HOW NIRANJAN HIRANANDANI CREATED THE 'REAL' ESTATE BUSINESS

Real estate was an accidental choice, ultimately I got into the world of business and then realised it's not just a cakewalk, says Niranjan Hiranandani, founder & chairman- Hiranandani Group

time-read
5 Minuten  |
October 2024
Why Govt Needs To Include Indigenous Large Firms In Chip Designing
Entrepreneur magazine

Why Govt Needs To Include Indigenous Large Firms In Chip Designing

Large indigenous chip design companies can achieve better economies of scale that would give an edge with respect to the cost competitiveness of chips

time-read
4 Minuten  |
October 2024
India's Ambition Of Becoming Global Hub In Aircraft Manufacturing Needs Minimum 20 Years: Experts
Entrepreneur magazine

India's Ambition Of Becoming Global Hub In Aircraft Manufacturing Needs Minimum 20 Years: Experts

Better late than never. India's aviation history in manufacturing dates back to the 1940s: Hindustan Aeronautics Limited (HAL) began manufacturing aircraft in 1942 for Indian Air Force (IAF).

time-read
5 Minuten  |
October 2024
CHARACTERISTICS OF RESILIENT LEADERSHIP
Entrepreneur magazine

CHARACTERISTICS OF RESILIENT LEADERSHIP

From the race to embrace artificial intelligence (AI) to ever-mounting geopolitical concerns, the challenges faced by the CEOs of today are vast and complex. Alongside these external pressures, internal challenges such as upskilling the workforce and hybrid working are pushing CEOs to be agile and adaptable in their stakeholder management while also keeping an eye on long-term growth

time-read
4 Minuten  |
October 2024
PM E-DRIVE SCHEME
Entrepreneur magazine

PM E-DRIVE SCHEME

A GAME-CHANGER FOR ELECTRIC MOBILITY IN INDIA

time-read
5 Minuten  |
October 2024
The Quest for Unicorns
Entrepreneur magazine

The Quest for Unicorns

\"WHILE ACCURATE DATA IS DIFFICULT TO COME BY, VARIOUS ESTIMATES REVEAL THAT ABOUT 80 PER CENT OF UNICORNS ARE LOSS-MAKING.\"

time-read
2 Minuten  |
October 2024
India's Long-Term Goals for the Manufacturing Sector
Entrepreneur magazine

India's Long-Term Goals for the Manufacturing Sector

\"MORE THAN 17 PER CENT OF THE COUNTRY'S GDP EMANATING FROM MANUFACTURING IS PROJECTED TO PROPEL MOST OF THIS GROWTH.\"

time-read
2 Minuten  |
October 2024
Lessons from a Seasoned Entrepreneur
Entrepreneur magazine

Lessons from a Seasoned Entrepreneur

From as early age, I've wanted to start something from scratch. Entrepreneurship is like a bug that bites you once, and the side effects stay forever. Despite the failures, naysayers, and selfdoubt, you can't help but give in to the voice that says, \"do it.\"

time-read
2 Minuten  |
October 2024