Chief executives in India should be more concerned about the long term vision and should not carried away by the quarterly syndrome, feels T V Rao, the chairman of T V Rao Learning Systems and former senior faculty of IIM Ahmedabad. | |
| He was in Kolkata to conduct a workshop on '360 degree feedback'. |
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| Rao complained that most Indian CEOs lacked interest in human resource development and building manpower resources in their organisation. |
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| "Recently, an industry body organised a workshop on 360 degree feedback. Most of the CEOs sent their HR people though they should have attended the meeting," he said. |
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| According to Rao, the quarterly filing of results and other compliances have made CEOs far too conscious about short term goals. |
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| "CEOs are excessively sensitive about quarterly turnover or quarterly profits. This is a part of life and should be treated as such. CEOs should be guided by a long term vision," he said. |
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| Rao said businessmen like Azim Premzi, G D Birla or Jamsetji Tata shared a common trait. |
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| "One thing is common in them that they all had a long term vision. Unless you have a long term vision you cannot succeed," he added. |
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| The former IIM Ahmedabad faculty said most CEOs now did not care to know what impact they had on their employees. |
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