Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.
A new leadership is needed to replace the present culture of indifference.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
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