Half way through the book, "Harsh Realities by Harsh Mariwala and Prof Ram Charan. What a phenomenal read. Producing an excerpt here: (Context: Harsh Mariwala is the founder of Marico Limited, a consumer goods industry giant. This was when Mr. Mariwala had just demerged his company from the family company and was looking for a team who help him run the newly carved entity) "Harsh knew that he couldn't do everything by himself. He didn't want a centralized decision making organization where nothing moved without his say-so. Rather, he envisioned an institution that would survive time. Harsh needed people who were experts in their discipline and who could help him accelerate the growth of the business. So he was intent on inviting others more educated and capable, from whom he could learn and multiply his own competencies and those of the organization." The book goes on to tell us how Mr. Mariwala went out to hunt for the best talent available in the market against the convention of traditional family run businesses where appointments and promotions were done on the basis of likes and dislikes. He paid special attention to the HR department. Made sure that the Head of People Management sits at all internal high table business meetings. His way of signaling that the HR function was one of the top most priorities for him. This teaches us that having a dedicated team towards acquiring, training and managing HUMAN RESOURCE in an organization is as important as having an A-team for functions such as Finance or Marketing. Being a robust institution, as of FY 2024 Marico Limited had a consolidated revenue of Rs 9,653 CR and has a Market Capitalization of $9.65 Billion. Talha Abdul Rahman Rehan Elahi Saif Nawaz Ali Kamil Mohammad Mohib Fardeen Siddiqui #leadership #business #organization #team #humanresource #growth
Rizwan Aman
5mo
Thank you for sharing this excerpt, Abu Bakar Junaid Kushtiwala. It has definitely piqued my interest in the book.
Fardeen Siddiqui
5mo
Adding into my bucket list for sure Abu Bakar Junaid Kushtiwala
Partner @ Kaenat Glass | Managing Director @ Mr.Glass | Treasurer @ FOSG | Glass enthusiast, Strategic Planning
5moNo doubt, a strong backend team is key to building a business. However, without a solid HR team, keeping and growing a skilled workforce can be a real uphill battle. Definitely a book worth reading!