Business Standard
Saturday, Nov 21, 2009
 
drived banner
drived banner
  Advanced Search
Feedback | RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Smart Portfolios II
  Search:

When the going gets tough, companies turn spiritual
Raghavendra Kamath / Mumbai November 09, 2008, 0:27 IST

“Mother Teresa said, ‘I love the light for it shows me the way, yet I endure the darkness because it shows me the stars.’ Let’s put behind us the disasters, the economic gloom the world is facing today, and reach out for the stars,’’ said an SMS sent by a Mumbai-based public relations agency on Diwali eve, reflecting the mood of its Indian clients, who are among the country’s top banks and real estate companies.

 
 
News Now
Paper
Specials
- Sensex makes remarkable recovery, regains 17K
- FIIs net sellers Rs 298cr in F&O on Friday
- US markets drop on recovery worries
- FII-TO-FII TRADES: PNB traded at 4% premium
- FinMin advises ministries to cut expenses by 10%
More  

Many other companies and their executives are seeking solace from new-age motivational gurus.

Robin Sharma, the author of The Monk Who Sold His Ferrari, Greatness Guide and Greatness Guide 2, says his company, Sharma Leadership International, Inc, has been flooded with requests for his workshop, called High Performance Leadership in Really Turbulent Times.

“Many Indian businesses have contacted us, as they want their employees to stay motivated, focused and engaged,” said Sharma, whose clients include General Electric, Nike, FedEx, NASA, and Unilever.

Welspun Group recently joined this group when it sought Sharma’s services. “In these trying times, inspirational talks act as motivation, open up minds, and help employees get back to work with a positive frame of mind,” said Dipali Goenka, director, Welspun Retail.

Sharma has also made presentations to Satyam Computers. “These talks help boost the morale of associates, and help them realise, analyse, and achieve their true potential,” said Renu Khanna, who heads Satyam Management Education.

Employees agree. “Our company has been taken over twice in the last one year. We need to keep ourselves motivated during the tough says,” said an employee of a Mumbai-based business process outsourcing outfit. InspireOne, a human resources consulting and training firm, said requests for its programmes had gone up by 30 to 40 per cent. “Organisations have moved from tactical one-off training programmes to strategic development plans that are sustainable,'' said Deepak Mohla, chief executive of InspireOne.

Shailesh Thaker, who conducts motivational sessions for companies including Johnson & Johnson, Philips, and Torrent, seconds that. “Most of the firms believed in speedy growth in last five years. But right now, their strategy is to survive and match overheads. When they do not have funds and work in hand, they are worried as to what they will do with their staff,” he says.

Motivated leaders and employees are the need of the hour.

“In everyone's life, three or four times one is asked to do extraordinary things. Self-confident leaders have the ability to rise to such special occasions. We have one such special occasion today which will sort out the great leaders from the mediocre ones,” says Vijay Govindarajan, professor at Tuck School of Business and chief innovation consultant at GE.

What should employees do to save their own jobs and the companies they serve? “You have enjoyed all the glory in the last four-five years, when your company was doing well. Now it is your job to stand with the organisation and keep the morale of the top management high," says Thaker.

Mother Teresa, once again, puts it the best: “I do not pray for success, I ask for faithfulness.”

Arrow Other Stories     
- Sensex makes remarkable recovery, regains 17K
- FIIs net sellers Rs 298cr in F&O on Friday
- US markets drop on recovery worries
- FII-TO-FII TRADES: PNB traded at 4% premium
- FinMin advises ministries to cut expenses by 10%
More  
  Read Business news in 
  Get financial advisory and solutions for your projects
  Holidays starting at a delightful EMI of Rs 3481
  Switch on and say hello to Monday morning !
  Your dream home can now be a reality.
  Visit Fortis for a preventive health check-up & get a 20% discount.
  Follow the ups and downs of your investments. Try our new Portfolio Tracker
  Kolkata Dock \ Freight contract for the British Gurkhas Nepal
  Find how Midsize Businesses use ERP to gain competitive advantage
  Trading in Forex is now as easy as 1-2-3
  Discover an economical and cost effective way to market your products and services
  Giftwithlove.com: Same day delivery of Flowers and Cakes to India
  Download the E-book on the Future of Business Intelligence
  Learn Best Practices for improving customer satisfaction
  Know your customers better... download the free e-book on CRM
   Discussion Board / User Comments    
Display Name  Email-Id  
Post your comment
Most Popular
Read
E-Mailed
Commented
   
- Bharti Airtel slashes roaming rates by 60%
- Govt may allow private sector investment in education
- Suzlon Energy's three promoters pledge 2.8 cr shares
- Patni may host all IT services on 'cloud'
- We are not trying for a monopoly: HAL chairman
 
 More  
BS Poll
Cast Your Vote
 
   
 
Should rich charitable trusts be brought under the tax net?
  Yes  No
Submit

  Hot Searches  
 
Amitabh Bachchan | N Chandrasekaran | Swine Flu | Mukesh Ambani | Anil Ambani | TCS | Infosys |  Air India |  Duronto |  Pranab Mukherjee | Sonia Gandhi | Congress | Rahul Gandhi |  Bigg Boss |  New Pension Scheme |  Service tax |  Excise duty |  Sebi | Tech Mahindra |  Ramalinga Raju |  Satyam |  Reliance  |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  |  B-School | DLF  Sensex |  Tax calculator | Home Loan  | Bollywood | Personal Finance |  inflation | oil prices |  World Bank | Reliance Infratel |  HDFC |  Barack Obama  
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Site Map | Contact Us | Feedback