Saturday, October 22, 2022, 12:55 AM
#edutech #college #work #NFT #education #remotework #onlinelearning #stem #talent #diversity #highered #STEM #blogWhen Aga, former head of equipment manufacturer Thermax, went to the board to propose a zero-corruption policy, “they felt I was being an idealist and a stupid woman,” she says. Aga persisted, eventually winning approval after a government raid of the company over business issues. “Buy-in by the senior people, and meticulously following what you have said, these are the two ways senior management can help ensure there is no corruption within the company,” she says.
Lessons for business leaders everywhere
How do leaders around the world build legacies that last?
“My answer would be that just like you think of investing in a physical facility, in new product development, think of longevity as an asset class,” says Khanna. “And what it takes is the drip, drip, drip of steady investment that pays off in gargantuan terms down the road.”
The leader needs to develop the right mindset, the willingness to forego short-term profit to build a long-term business that pays back to society. “I’d be the first to concede that there may be quicker ways to make an immediate buck, but that's not what these people are doing,” Khanna says. “They're building societies, a different agenda. My admonition would be, think about whether that's something that's important to you.” Jones believes business leaders may reconsider what is possible by learning from these entrepreneurs, who have accomplished everything from developing generic life-saving medications to educating thousands of people. “I hope practitioners would be inspired by these stories about what they can do,” Jones says. “Not what they should do, but simply what they can do.”