FEB 29, 2004
 Cover Story
 Editorial
 Features
 Trends
 Bookend
 Personal Finance
 Managing
 BT Special
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 People

Institutional Integration
There was a time many decades ago when India's state planners bestrode the economy like giants. To finance the plans, they needed a set of financial institutions that would lend money for all the projects. Then came free market reforms, and they lost their relevance. The solution? Have them turn commercial. ICICI begat ICICI Bank, IDBI begat IDBI Bank. And now it's the turn of the IFCI.


Fastest Growing Companies
There's something about rapid growth that's irresistible. For a run-down of India's 21 Fastest Growing Companies, turn to the contents section of this issue. And if there's some company you would like to know a little bit more about, log on. BT Online presents details of each of the 21 firms' operating circumstances, including details of its competitive arena and how it is placed in it. Fast growers are high risk bearers, goes the conventional thinking. Is this true? Study these 21.

More Net Specials
Business Today,  February 15, 2004
 
 
Defining A Leader
 

Good leaders are great simplifiers. They can cut through argument, debate, and doubt to offer solutions everybody can understand, appreciate, and follow. Good leaders are also educators who transfer learning across the organisation. They lead by example. They effect positive change in the organisation by exuding a positive attitude at work. A good leader also motivates his employees time and again to ensure maximum productivity and efficiency.

Successful leaders are good time managers as well. The ability to prioritise, address key issues directly, and mine out the key ones from the deluge of issues they face is the hallmark of a good leader. Accentuating the positive and expressing things in terms of what should be done, not what should not be done, is another important principle every leader must follow.

A good leader has the ability to think creatively, flexibly, and innovatively. It is important for a leader to manage people from diverse cultures and in different places with open-mindedness, patience, honesty, and trust.

A major responsibility that lies with a good leader is to make ethical decisions and behave accordingly, and make sure that the organisation understands and practices this code of conduct. A leader must be able to guide and mentor his organisation into achieving the goals in an integrated and harmonious manner.

A leader must know himself. Knowledge of one's own strengths and weaknesses is an essential prerequisite towards building a great team. A leader must be open to the best of what everyone, everywhere has to offer and must constantly seek to learn from his peers and subordinates.

 

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