MGMT 104 Lecture Notes - Lecture 26: Honda Motorcycle And Scooter India, 360-Degree Feedback, Jugaad
Document Summary
India"s management mindset notes (cid:862)the i(cid:374)dia way(cid:863)- centers around leadership; leaders are deeply involved in solving societal problems. They believe that social progress and stability are essential for profitable business expansion. Why: long-standing tradition, hindi principles about service, financial and reputational gain. India is growing at more than 20% annually. The india way"s 4 principles: holistic engagement of employees. Leaders thinking sustaining employee morale and building company culture are integral to success. People are viewed as assets to be developed, not costs. Give employees what they need to meet the needs of customers. #1 priority: developing talent culture of openness and flat hierarchy. Jugaad- finding a way to work around obstacles. Adaptability is crucial- (cid:862)(cid:449)e (cid:449)ill adjust o(cid:396) a(cid:272)(cid:272)o(cid:373)(cid:373)odate(cid:863: creative value propositions for customers. Create creative value propositions: a sense of social purpose for business operations. Social purpose- personal values, growth, and strategic thinking are valued. App(cid:396)oa(cid:272)h: (cid:862)fo(cid:396)tu(cid:374)e at the (cid:271)otto(cid:373) of the py(cid:396)a(cid:373)id(cid:863)
