As I stumbled upon this article, my memory of meeting and interacting Prof. CK Prahlad got fresh. I will talk about my encounter with one of the greatest Indian Marketing guru sometime later. The thing I liked about the current article was the following:
- Humility in success and courage in failure are hallmarks of a good leader.
- Due process matters. Team members seek fairness, not favors – decisions don’t have to go their way but the process has to be fair and transparent.
- Accept human weaknesses, laugh at yourself — and avoid the temptation to play God. Leadership is about self-awareness, recognizing your failings, and developing modesty, humility, and humanity.
- Balance achievement with compassion, learning with understanding.
- Understand the importance of nonconformity. Leadership is about change, hope, and the future. Leaders have to venture into uncharted territory, so they must be able to handle intellectual solitude and ambiguity.
- Managers must remember that they are the custodians of society’s most powerful institutions. They must therefore hold themselves to a higher standard. Managers must strive to achieve success with responsibility.
Honestly speaking, I, too, believe in the above rules of Prof. Prahlad for being a responsible manager and I can assure you that I will strive my level best to stick to them in case I become one at any moment of time. But till date, I have not seen any manager following such principles but would love to work under one after my MBA.