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1. Leadership is extremely important requirement to foster the spirit of entrepreneurship in large
orgnaisation because leaders raise aspirations, because entrepreneurship is all about aspirations and big dreams. Its all about confidence of the people, its all about challenges in the mind of the people. Show me an entrepreneur and innovational organisation, and I will show you a strong, confident
aspirational leader behind it. General Electrical and Microsoft are two good examples of this. 3. Most large organisations strive for creativity because senior people in these organisations are
not confident and they are scared of smarter people hence they will not allow these smarter
younger people to do an extraordinary stuff. 4. We have to create an environment of openness, morality, meritocracy and fairness, debate &
discussions. Such an environment will build daring, dreaming, hope, confidence, passion and enthusiasm among people and generate great ideas. This excuse biases, and become transactional, date oriented indulging every issue. Thus we have to start every transaction on a zero base without carrying biases from prior transactions. We have to enrich the youth, because youth is about the energy, mingleness, creativity, enthusiasm, and confidence. It is also about the future. Unless we create an environment, which affords our youth to dream, we are unlikely
to succeed entrepreneurship. 5. I am sure all strategic decisions are taken by a group which has a high representation of the
people under thirty. We have to be fair and generous giving credit of success to these young people who truly deserve it, otherwise we will not be able to make them do extra-ordinary
things. 6. We have to retain the soul f the small organisation while maintaining the body of the large
organisation, Do so we have to create small groups, clearly define the vision for these groups, ensure that everybody sees benefits in that vision and we have to communicate widely that vision across every member of that team. We have to empower these small groups so that they can take decisions themselves. In fact the reasons why most large organisations tend to be slow because main decisions are taken by those who are the stake holders in the outcome of those decisions. Off course we have to create positive spiral of words and say for the achievements. We have to ensure that everybody - imagination, and execution. We have to create objective
matrix for measuring the progress of ideas, and their execution. 7. We have to create very good compensation scheme to reward people based on their
performance and progress. We have to establish mentorship council including senior members of the organisation. Mentoring should be voluntarily and of private relationship. This will ensure frank and open discussions. It is important for mentor to mentee when to give up an idea. Its very very important responsibility of the mentor. Generally idea that has succeed becomes a enemy of new idea, and prevents new idea from succeeding. It is the responsibility of mentors
and leaders, that this does not happen. 8. If we can create these attributes and attitude in the body of large company, I believe we can
foster entrepreneurship in large organisations. And I have no doubt that thet is a need of a day. 1.2.4.3 Leadership - Extract from Leadership Talk program by Rajdeep Sardesai with Narayan Murthy and Prakash Padukone broadcast on IBN18 network Dated - Jul 2013 What does leadership mean to you?
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