Generation
Gap
Marx said,
”Negation of Negation.”
One generation
contradicts with the previous generation. It is because of fast developing
changes in the world.
Life is a great
struggle for existence. It is not a series of gig lamps symmetrically arranged.
We should not be sure that after struggle happiness comes. There is no surety.
If we drive a
motor cycle, we should be very alert; when to horn, when to apply break, when
to stop, when to continue, when to take a turn, and so on. Otherwise we are
liable to do accidents. Similarly travelling in this world we should be very
careful.
We are not sure
the next generation people cooperate with us or not. It is because they have
their own strategies, weakness, etc. That is why a collector’s son cannot and
need not be a collector.
In this struggle
for existence, a man starts something
with his efforts and hard work. It may be founding a business, a political
party, a religion, etc. As far as he alive, he is strong enough, his zeal is
alive, he continues it. He faces any amount of oppositions, or problems, he is
ready to face. After all it is his own creation. He cannot comply to any one
for its failure because he is responsible for its welfare. Whether it is
successful or failure, he is the only cause. He can take advice, he can take
financial help, or any other thing needed in his for its survival. Additions
and deletions are always are there and it must take. It is his own
responsibility. His responsibility is
1.
To
enrich and expand it
2.
Train
his employees
3.
Train
his siblings
4.
Protect
it from all sorts of problems
5.
To
maintain and transfer ethical values. So that the venture goes on from
generation to generation successfully.
Eg.1 Dheerubai Ambani started his empire [1st
Generation] and handed it over to his son Mukhesh Ambani and Anil Ambani.
Mukhesh
Ambani and Anil Ambani [2nd Generation] presently running it
smoothly.
6.
If
not, very soon his empire collapses.
1.
Nehru
[1st Generation]
2.
Smt
Indira Gandhi [2nd Generation] later it collapsed.
Eg. 2 Shersha
who defeated Humayun and came to power was a great success. Who came after him
could not continue the same tempo. So the empire collapsed
It is ok. He
cannot expect the same type of care for nursing his firm from the next
generation. He cannot expect co-operation from the next generation. It is the
first generation of creation of that venture. His empire may continue or
collapse. In the history there are many instances.
Eg.1 Dheerubai Ambani started his empire [1st
Generation] and handed it over to his sons Mukhesh Ambani and Anil Ambani.
Mukhesh Ambani
and Anil Ambani [2nd Generation] presently running it smoothly.
Though certain
ventures are started by an individual, making it his family business, there is
no guarantee that it will continue in the second generation also. As time
changes, if his own people are not competent enough, then to continue his
empire the founder should make it a limited company and hand it over the reins
to the next efficient player of the team.
Eg., 1. Microsoft Bill Gates handed over the
reign to Satyam Nadendla
2. ICICI Kamat to Kochhar
3. Infosys Narayana Murthy to Nandan Neelekani
4. Cuba Fidel Castro to Ravel Castro
If the handing
over is based on efficiency the venture goes on from generation to generation
smoothly.
For the smooth
functioning, the leader should,
1.
Be
proactive
2.
Have
great vision
Eg., Ramoji
Rao – Eenadu
3.
Be
a prochanger
Eg., Azim
Premji – Wipro
Sony
– Japan
4.
Be
pragmatic
Eg., Narayana
Murthy – Infosys
Tata
Deng
Xiao Ping
Thomas
Alva Edison
5.
Be
single minded
Eg., Alexander
Einstein
Gandhi
6.
Adopt
best practices in management and ownership succession
7.
Maintain
continuity of family values
8.
Always
expand
“expansion is
life, contraction is death.”
9.
Be
mentally prepared for fluctuations
10.
Have
an advisory board to check whether the ideas we get are correct or not.
Any company to
survive
1.
Maintain
quality
2.
Maintain
sincerity
3.
Maintain
good management skills
4.
Committed
to share holders
5.
Always
think “what next”
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