Once hailed as iconic examples of Indian startups and esteemed Unicorns with globally recognised valuations, they now find themselves in the midst of profound crises. Byju’s is contending with allegations of financial irregularities, questionable sales practices, and notable reductions in its workforce. Meanwhile, Paytm is navigating regulatory constraints imposed by the Reserve Bank of India (RBI), which is directly impacting its core services. The recent resignation of Paytm’s founder, Vijay Sekhar Sharma, from the chairmanship of Paytm Payments Bank further complicates the uncertainties surrounding the company’s future.
Leadership failure is a multifaceted phenomenon shaped by various factors, including individual characteristics and external conditions. In the context of Indian businesses, where diversity, cultural intricacies, and ever-changing market dynamics exert considerable influence, it is essential to comprehend the underlying causes of leadership failures. Leadership failures within businesses often serve as poignant lessons, offering invaluable insights into the delicate balance between success and downfall. While names may fade into anonymity, the patterns of these failures remain starkly evident, serving as cautionary tales for aspiring leaders and seasoned executives alike.
One recurring theme in leadership failures is the erosion of trust. Leaders who prioritise personal gain over the well-being of their teams inevitably sow seeds of distrust, ultimately leading to fractured relationships and organisational dysfunction. Whether through opaque decision-making, inconsistent communication, or a lack of integrity, the erosion of trust serves as a harbinger of impending failure.
Denne historien er fra March 23, 2024-utgaven av BW Businessworld.
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Denne historien er fra March 23, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders