As we step into the New Year and the hype and excitement around the resolutions starts to settle, all factors point to the fact that this year is going to be a tough one for the Indian economy. Talks of a double dip recession have already started gaining grounds and this time around it seems that even the Indian economy is not going to be spared the onslaught. Several companies have already started feeling the impact and other are bracing themselves for the impact.
The good thing however is that there is a more programmed approach to solve problems. It is not the typical knee jerk reactions that one saw the last time. And I am of the belief that the last recession has toughened us and taught us a thing or two. We are today better equipped to tackle the issues that are bound to come our way. I have often heard people say that “when the going gets tough, the tough get going”. This is for the first time perhaps, that I have realized the meaning of the phrase and have seen individuals do wonders in situations which were extremely tough and demanding. I am therefore of the opinion, that the Indian management professionals have in fact taken the acid test and have emerged winners at the end of it. This is particularly encouraging in the light of the current economic conditions that are prevalent in the world.
Not only are Indian management professionals occupying centre stage globally, many Indian organizations have started to come of their own in the international markets. Today organizations are not shying away from taking on challenges that would have seemed impossible just a few years ago. From cars that are the cheapest in the world to technology products that have created international benchmarks, it seems that Indian organizations have started to come of age and are no longer afraid to take the fight to the competitions backyard. These are interesting time we live in and these are probably the best times for management professional to establish themselves globally.
The last time we had a slowdown it brought about a whole new wave of innovative problem solving techniques. Managers in all functional areas literally started thinking outside the box and created some very interesting and innovative strategies that helved respective organization. Another slowdown, is sure to bring even more such innovations into the marketplace whereby making the market more dynamic and complex at the same time. I can’t stop myself from getting excited at the prospect of a whole set of new and innovative practices being implemented across workplaces to solve problems that are thrown up during the times to come.
In this issue of CULT, we have tried to bring to you the story of the man who has tirelessly led the IIPM
revolution form the front, Dr. M.K. Chaudhuri. We have also featured his biggest support during these times, his wife Mrs. Ratna Chaudhuri. We sincerely hope that their story of sheer passion and perseverance is able to stir your soul into action and also helps you in appreciating the power that one man’s vision and commitment has.
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