Crisis times calls for leaders with multiple skills. One such critical skill is communications, which itself is a multi-faceted subject. While everyone recognizes the importance of more communications in this pandemic situation, Vighnesh Shahane, MD & CEO at IDBI Federal Life Insurance, has a slightly different take. He believes in informality as more important than just the quantum of communications. And this is just one facet of his leadership strategy.
In a free-wheeling interaction, Shahane discusses various aspects of leadership that can significantly make a difference in an organization as it passes through such critical times and lists things that he considers relevant and unavoidable in a leader’s journey in taking his organization to the safe shores.
Informality, he emphasizes, helps break down communication barriers; it also helps to breed knowledge and improve the speed of communication. “When the ecosystem is formal and bureaucratic, you can have whatever communication you want, but you won’t get the required information or trust,” he explains.
Shahane also believes that informality is a necessary condition to think and talk beyond work related issues and encourages it at IDBI Federal Life Insurance. It does not mean, he says, putting your legs up on the boardroom table and having a cup of coffee. It is breaking the barriers of politics and bureaucracy and ensuring speed in decision making.
“But I do not believe in taking informality to the level where all kinds of personal problems are discussed between office colleagues – informality should not go beyond a particular point. A lot of leaders recommend increasing communication skills and I cringe, as communication happens in various forms,” says he.
Denne historien er fra July 2020-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra July 2020-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Non-cash transactions can touch a phenomenal level by 2028
Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).
A new trinity in digital lending space
Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Small MFI, International Engagements
Mitrata Inclusive Financial Services in the midst of transformation growth
MFIs: Big Impact Big Changes,
Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:
Climate Risk Forum for CROS
Excerpts from a discussion on shaping the future of climate change resilience in India:
Seamless Supply Chain Finance
Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.
Star Health sees strong demand from the IT sector
Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives: