India’s steady growth amid the global recession has been a subject of wide
discussion. There’s been much debate on whether this is misplaced euphoria or the sign of a nation that has managed to insulate itself from one of the worst financial crises of recent times on the strength of its consistent growth. What is fundamentally clear in the given environment is that the country has its unique opportunities and challenges. Therefore, a one-size-fits-all approach does not work for global companies, more so in the context of human resource management, and in nurturing future organisational leaders.
Martin Luther King, Jr. once said, “The ultimate measure of a leader is not where she/he stands in moments of comfort, but where she/he stands at times of challenge and controversy”. The last year was a challenge that put to test leaders globally. Experts say recession is a time for organisations to correct past mistakes, thereby strengthening capabilities and preparing for the next upward cycle in the market. The crucial question in such times is: what is my organisation doing to develop a pool of future leaders that will take us to the next wave of growth? I believe future leaders will stand out during this difficult period.