Business Leadership – Importance In Modern Era

Sadhguru Jaggi Vasudev at one of his interviews explained the chronological order of various forms of leaderships. Spiritual leadership war succeeded by Military leadership, followed Political leadership.
business leadership
In his speech he instated Business leadership as the reigning version of leadership. The text is heavily inspired from his ideology of leadership. What makes business leaders different from others? How does a business corporation affects the common man? What corporations can do for the betterment of mankind? Answers to these questions will form up the body of the text under various sub-headings.

Who is a leader?

A leader is simply a being who is able to lead a pack of other beings. The ability comes with training and experience. Every agency functioning around us, does so because of an able leader, to be concise in defining the essence of leadership.

Types of Leaders

Broadly speaking, the history has witnessed three types of leaderships, viz. spiritual leadership, military leadership & political leadership. Spiritual leadership was eminent in ancient times. During that time they indirectly controlled almost everything through the King. Later on, when spirituality lost its colors, when people became rational and believed only what they saw, a new type of leadership rose, military leadership. Eventhough, it existed before also, but now breaking the shackles of spirituality, the military leaders assumed all power and weapons replaced holy books. Transition from military leadership to political was swift, and laid the foundation of what we today call elected representation. The concept reproduced from the old system of republics governed by an all powerful King, thus replaced by the elected representatives in modern edition.

Business Leadership

The latest edition in the concept of leadership is business leadership. Corporate firms today have quarterly profits exceeding even the GDPs of various small nations. Such is the impact that today 7 major companies control everything that we use in our daily routine. From eating to ejecting, every product involved is manufactured by some or the other corporation. Defence, auto, health, etc are all controlled by corporations. In large context, they provide & control everything around us. The profit that they make is shared with the Government and sometimes with the general public too. Unfortunately, a large part of it is confined within the bounds of their bank accounts and private properties. The practise is not unjust, nor illegal, neither immoral.

But, in order to reap rich dividends investment on human resource is pertinent. In corporate sector the human resource has been largely neglected since Industrial Revolution. Machines get more importance than humans nowadays. Yet, it is the human resource that drives all other resources and forces.

What makes business leadership different from others?

The only entity that can operate is any corner of the world is of Business sort. A corporation is welcomed by the host country with open arms. Therefore, business can flourish anywhere without any hindrance. On contrary, military leadership, political as well as spiritual leadership have their own limitations. Military & politics of a country cannot transcend beyond its boundaries. Spirituality has lost its importance in modern skeptical societies. Therefore, the only world-wide phenomenon today is business.

How does business corporations affect the life of people?

Disposal of goods & services

Manufacturing corporations provide tangible goods, while service sector feeds intangible goods and services. Every ready-made thing you buy has its origin in some or the other business unit. Largely everything you use today is dependent on businesses. Such is the extent of dependence nowadays, that even packaged food is being manufactured.

Employment

Private corporations employ nearly 2.3% of total organised sector employees. Out of 496 million employees 11.45 million were employed in formal private sector as of 2011/12. A considerable percentage of population indeed. Private sector corporations offer bulky packages to the deserving candidates. Although, job security is always a problem, in spite of it, the sector holds immense admiration. IT firms, e-commerce, start-ups all fall under private corporations, thus the modern forms of industries are all private owner-ships. Hence, with the budding start-ups (19,000 was the number last year) the employment opportunities are going to rise.

What Business leadership can do for betterment of the society?

Investing in local HR

The idea of investing in local HR was first employed by the Britishers. They opened the lower rung of administration for the Indians. They invested into local HR by providing them access to English language. Eventually, Indians occupied the lower rung and served as the medium of interaction between the locals and the Britishers. The model eventhough had complications of its own, but the idea is feasible. The corporations can invest in the local HR by providing them education or skill. Education to the age-group of 3-25 years & skill to 18 years & above. Education is empowerment. When we empower minds, wonders happen. Nowadays large corporations visit no. of educational institutes & recruit talented girls & boys. But what if they nurture young minds in their own educational institutes, according to their needs, thus benefiting both.

This would however, hugely lead to narrowing of individual knowledge as immense emphasis would be laid on specialization in a particular field. But the opportunity will open gates to the inactive human intellect, activating the urge to expand and develop. In this process, profit is immense but loss is minute.

Technology

jio

In India, 28.77% of total population i.e. 367,480,000 people use internet. Internet is a powerful tool. An ocean of knowledge, it can work wonders if given access to. Unfortunately, 72% of our population is not using it. Partially due to high cost of operation, & partially due to unawareness. The high-cost involved is thus a hurdle in the way towards accessing a brilliant technology. Here the R&D concept & competition between the corporation comes to the rescue. A concrete R&D wing would cater technology that is both viable as well as cost efficient. Competition drives R&D, thus building quality products that are within the reach of common man.

One such example is Reliance Jio, which stirred the entire tele-communication market with its low cost data-packs & cheap smartphones. The incumbent players have also lowered their data rates, in order to compete with Jio. Thus, common man is the ultimate beneficiary of the competition triggered by Jio. Several such other examples can be cited in every sectors of the country.

Large businesses can help the countries that are incapable of doing transformations on their own.

CSR

business leadership
Image Courtesy :- Business standard

“Many Indian companies such as Tata group, Aditya Birla group, etc are contributing to society through CSR. Companies Act 2013 has a ‘comply or explain’¬†mandate for companies that have a net profit of 5 crore or more”, as quoted by fundsforngos.org. CSR funds help in environment, social, & economic causes of the localities around the Industrial zones. Funds help in raising infrastructure of all sorts that contribute to the betterment of society & the environment as whole.

Business leadership hence encompasses the entire globe, while all other forms of leaderships are confined to their national or religious boundaries.

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