CEO Traits Help Drive India's Growth

Training & Development, Sep 2005

/GLOBAL 360/

BUSINESS IS BOOMING IN INDIA. One factor contributing to the country's recent economic success, according to leadership consultancy Hay Group, is the unique set of traits, behaviors, and motives held by the country's business leaders. A recent study by the organization identified four areas in which Indian CEOs differ from top executives in other countries, and which help develop their companies and the Indian economy.

A single-minded focus on growth and innovation. Top Indian CEOs spend less time than their peers in other countries on issues like culture change, succession planning, and their own reputation. Instead, the majority of their time and thoughts center on new information, technology, and ideas to help their companies grow and innovate.

A highly altruistic business philosophy. Indian leaders often think about doing what's right for society, Hay Group says. For example, many CEOs are committed to providing low-cost goods for their less affluent markets, and many take business risks to address such needs.

A high degree of resilience and integrity. The best Indian CEOs show high levels of integrity and inner strength, according to Hay Group. Those traits come in handy during the stringent governmental reviews, tough media queries, and long negotiations that are common in the country and can cause costly delays.

A formal and professional approach to people and relationships. Business relationships are more formal in India. CEOs tend to avoid close ties in work settings and they assess employees on professional traits such as education and experience rather than personal qualities.