Focus for October 2022
EMPOWERING HUMAN POTENTIAL AS A CORPORATE PHILOSOPHY: THE KP RAMASWAMY SAGA Speaking on “A PHILOSOPHY WITHOUT FACE”, as eminent management expert of Yesteryears, Mr. Shanu Rangnakar had observed “Two grabbing hands are all that the private enterprise could present before the people. There is a crisis of image in this sector”. This was in early 1975, that is close to half a century ago. How has this image undergone transformation during this past, close to fifty years? It’s a question with profoundly mixed answers in this era of World Trade Organization and consequent globalization. “People must come to accept private enterprise not as a necessary evil but as an affirmative good” was a dictum attributed to late Eugene Robert Black, the third president of the World Bank. He was president during 1949 to 1962, probably the longest served president of World Bank. They were truly the transformative years of World Bank also known as International Bank of Reconstruction and Development. The a...