Innovation Center:

Experience the Rural innovation digest with Professor Partha Ghosh

Experience a Initiatives talk with Professor Partha Ghosh

Leadership Speeches and Presentations

The Frontiers of New Energy Paradigm: Cultivating the Courage to Create The New Dynamics

Committing to Re-Build Trust as a “True Servant” of a Fractured Civilization: Towards A More Enlightened Leadership

Realizing Your Full Potential in “New World” of Possibilities: Writing the Story of Convergence

September 11th: Transitioning from an Unfortunate Myopia to an Enlightened Dynamics

Exploring Frontiers Beyond Trade: Toward an Interdependent Pacific Community

A Thousand Years of Evolution in a Thousand Days: Uncovering the Hidden Assets for the Digital Age

Exploring Frontiers beyond Trade: Toward an Interdependent Pacific Community

Responding To A New World Dynamics and Clinton Administration:Japan’s New Challenge (text)

Responding to a New World Dynamics and Clinton Administration: Japan’s New Challenge (presentation)

Cultivating the Courage to Create: A Fundamental Requirement to Build a Dynamic and Vibrant Economy

Building a Competitive Economy: Lessons from the East Asian Experience

Innovating Strategic Possibilities Ahead: Toward A Dynamic & Forward Looking Society

Knitting a new socio-economic fabric: The arts of leadership to inspire the divine within Partha S. Ghosh Partha S. Ghosh & Associates, Tokyo, Japan Over the last several years, in view of the rapid changes that are taking place in the geo‐ economic, geo‐political equations world wide, and the chronic lack luster performance of India (since its independence), our firm have had the opportunity to interact with Indian leadership group in an effort to create a ʺnew movementʺ towards a more positive nation building dynamics. I have always viewed this dynamics to include:

1. Cultivating a shared vision of the future and then developing national competitive strategy to convert the vision into reality

2. Humanizing the economic processes such that we could go beyond financial engineering and focus on grass roots social engineering

3. . Building a new India with a new mind set with a new sense of pride which will celebrate the values and principles embedded in our ancient philosophies Accordingly the theme of the All India Management Associationʹs 21st Annual convention in Calcutta ‐ ʺHuman Dimensions of Liberalization: The Task Aheadʺ is indeed very close to my heart. My interactions with people around the world, possibly in more than 15 countries, both at the Board rooms and Tool rooms of large, medium and small size corporations, have time and again convinced me, there is essentially only one dimension which drives a ʺprogressive processʺ of any socioeconomic advance ‐ it is the human dimension. This dimension will require us to manage ‐ factors such as ‐ the trust and pride that each individual cherishes, respect for each others efforts, and love for the environment that we live in.

Instead, over the last forty five years, lack of clarity in its economic policies, lack of commitment to bring fundamental changes at the grass root level, euphemism with short‐term gains, all together have created in India, a dynamics which is ʺvalue subtractive and viscousʺ. Time and again in national and international forums we have sounded positive, often over confident in our deliberations; in the process ʺby the act of talking big, we have failed to act bigʺ. In turn it has ʺled us to learn slowlyʺ, ʺled us to undermine executionʺ, ʺled us to undervalue qualityʺ, ʺled us to under focus 2 on valuesʺ, ʺled us to denigrate rather than celebrate championsʺ, and above all ʺled us away from cooperationʺ.

It is important that we acknowledge that Indiaʹs past and prevailing systems have destroyed the intrinsic divine elements, which make the process of socioeconomic development a selfless and an enjoyable one. Consistent failures to deliver as a Nation in conjunction with the false sense of confidence in leadership speeches, have taken the ʺtrue courage to face the fundamentalsʺ, totally out of our national psyche. In short, we have become a nation without a ʺcharacterʺ

It is important that we as a nation fully understand the significance of this paradigm shift ‐ as wealth creation power of any nation in the future will increasingly depend upon its ability to harness the intellectual, emotional and spiritual energy of society. The new wealth of nations, new wealth of companies will accordingly be dependent on how the factor related to human development are innovated and managed.

As knowledge further influences the work place, societiesʹ competitiveness in the border‐less world will depend on their competitiveness in managing the human factor. As Mr. Morita (Chairman of Sony). once said ʹ:Competitiveness of a company depends upon the quality of your last recruit in the same spirit Indian leaders must now take equal amount of care in shaping the emotions and skills of people of organizations and societies they lead, towards a common and inspiring direction

People are all born with intrinsic motivation, self‐esteem, and dignity; we all have the curiosity to learn and we find joy in learning. The challenge in front of us today is how we invigorate these fundamental forces of nature that will enable India to switch from ʺvalue subtractiveʺ to ʺvalue additiveʺ socio‐economic dynamics.

During the early sixties Martin Luther King Jr. talking about the racial problems of the US society mentioned ʺJust as Socrates felt that it was necessary tocreate a tension in the mind so that individuals could rise from the bondage of myths and half truths ‐ so must we create the kind of tension in society that will help men rise from the dark depths of prejudice.ʺ ʹ‐In the same spirit, in building the future socio‐economic fabric of India which is strong and resilient, we must rise to the challenge of building institutions which will ‐• continually cultivate those soft factors that will together shape the character of the future India. Institutions ‐ corporate or government, large or small, most view their role as community centers which bring together people to achieve a socio‐economic purpose. Such a purpose as the Exhibit 11 indicates should be one of providing an environment in which people could seek self fulfillment in a sustainable and a competitive fashion: ʹ

Divinity of man: Indian philosophy, as interpreted by various prophets and philosophers have viewed each individual, knowingly and unknowingly, trying to realize his divine identity. If Divinity is absolute, then the struggle to realize13 the Divinity, is an enduring process of change. Indian government and corporate leaders, academicians and upholders of ancient beliefs alike, must find ways to energize this process of struggle to reach perfection through work. This continuous search for excellence is what makes superior organizations excel over the average one. Divine in each individual has to be surfaced by making work place, a place for self‐realization, and the divine within.

RE‐HUMANIZE not RE‐ENGINEER: Re‐engineering which some term restructuring, has been in vogue in the Western world for the past 5‐6 years. Most companies who have adopted the concept successfully were able to become more

efficient and cost effective; however because the human dimension was missing some of the early gains were not sustained and in some cases led to den personalization of the work place. Indian organizations today in a nation with millions of different social tensions cannot justify the re‐engineering route. What however we need to do is to get people involved in the nation building process by engaging them in re‐creating the future business concepts and delivery system (with global benchmarks) Only then will India be able to create one side sustainable economic base winch continually seek higher levels of efficiency, and at the same time increase the consumption power of the nation.

Our firm has worked with several organizations around the world in which these principles have been introduced. Today many of them are transformed into the new mode, ‐ putting in motion a process of development which is enjoyable, forward looking and competitive. We must however realize while Indian philosophy is based on strong principles, very little of our philosophy is practiced today. The period of transition will not be an easy ‐ it could well be a painful, up‐hill struggle.

Finally, should we identify with the unique opportunity to create new world based on the unique heritage of India, should we want to follow a process of nation building in which every Indian citizen could proudly participate, should we desire to

build institutions which draw out the best in people, we must now face the challenge of change in building a new national character. In pursuing the process of change, may we remind ourselves of Swami Vivekanandaʹs view on character building ‐ ʺThe. cause of all the miseries we have in the world is that men foolishly think pleasure to be the ideal to strive for. After a time,man finds thatit is not happiness but knowledge, towards which he is going, and that both pleasure and pain aregreatteachers, and that he learns as much from evil as from good. As pleasure and pain pass before his soul they have upon it different pictures, and the result of these combined impressions is what is called manʹs characterʺ.

Letʹs pledge today to make a difference we must draw strength from our past, and inspire people towards an enlightened and a common future. September 27th, 1994 Calcutta