How To Turn Executives Into Wizards

“Hello, Ram please come in. We are meeting after a long time. I have been meaning to speak to you and other classmates to plan a celebration for our start-up champion Lakshmikant’s entry into the ‘Unicornians Club’,” said Hari, who was the Vice-Chairman of his family-owned company. “That will be a prolonged wait, Hari.”  “Why do you say that?” “Because Lakshmi (wealth) is gone, the start-up has failed, and  ‘Can’t' rather Kant is not meeting anyone.  “How tragic! But he had raised very large amounts of funds. Was he cheated by someone?” “Not at all. It was all his doing. He ‘burnt the money’ and the firm went bust.” “You are joking. Surely, no one burns money intentionally.” “You’ll be surprised by how many do. It wasn’t just Lakshmikant. According to reports, more than 90% of start-ups fail and the main cause is because they are burning money.”  "Business is always risky and failure is, in some ways,  implicit. But failures on such a large scale are a mystery. ...

Goleman and Stanford explain the dramatic impact of empathy on the performance of executives. Yet, many management books equate men with materials in the 5 M concept. The title of the subject, Human Resources Management also treats people as resources like materials, etc. There is an urgent need for a radical change in the mindset. An empathic leader achieves better results through intimate bonds between himself/herself and the people who work for him/her. A bureaucrat uses authority, procedures, rules and regulations to move, rather than drive people to achieve goals. “Business is people” is an empty catchphrase for many in authority. But for charismatic and empathic leaders, it is a cardinal principle or an article of faith. The charismatic leadership style is the most cherished one, but it is also highly difficult to attain and maintain. We have attempted to provide a guide to assess your charisma and empathy levels. “What makes the difference between stars and others is not their a...