I was just reading Mr Narayan Murty's book "A Better India, A better World". As an adjudicator of capitalism over communism, he has always disparaged communism as not worthy of job generation, economic prosperity. But today's scenario has proved to be slightly in favour of communism as we can see from growth of China and government intervened India and other similar countries. But here comes Mr Murty's words of wisdom - "Value based leaders can only salvage the glory of capitalism".
The economic crisis has shown how the greed of a few ( head of banking organisations ) can make such devastations to economy. We need leaders in those institutions which are socially responsible, value based and are global in outlook. Leadership indeed is the crux of the issue here. Shouldn't American banks learn from their Europian and Asian counterparts? Does greed really drive economy or its just a tool to hide some people's hidden motives?
Building business without social values and proper leadership will only lead to destruction like we are seeing today. Let's hope companies, the shareholders, the big individual investors all realise this and cultivate the value based leadership.
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