Participative Leadership is the Need of the Hour

NewsVoir | 15 Feb, 2016

The Madras Management Association (MMA) hosted its Annual Convention 2016 under the theme âIndia 2016 â Leading Changeâ. Dr. R. Seetharaman, CEO of Doha Bank gave the special address at the inaugural session and also participated in the Special session âLeading Change in our ecosystemsâ. The event was attended by leaders from well-known India Corporates.

Speaking at the inaugural session Dr. R. Seetharaman explained the areas which leaders need to transform to handle modern challenges. He explained the realignment of business models in the light of current global, regional and local scenarios. He said âWith low oil prices, global head winds, slowdown in economic growth and tightening liquidity, leaders need to gear up themselves for challenging times ahead. True leaders are those who bring accountability, consistency, and a sharp sense of what must be accomplished to all they do. He also emphasized that business models need to be realigned by transforming organization mindset. We should develop Mindset to work in a virtual organization. Participative leadership is necessary for changing the mind-set and result in improved performance hence it is need of the hour.â

Dr. R. Seetharaman highlighted the priorities of leaders for sustaining business growth. He stated that âMaintaining the Brand Equity of the organisation is the key role of todayâs CEO and Brand strategy is also most critical step in planning. Hence, we need to protect and build the Brand of the Organisation.â

Dr. R. Seetharaman emphasized the priorities of leaders for sustaining business growth. He stated that âCross-selling, customer retention, cost rationalization and improving productivity are the key areas which need to be prioritised. Enhanced measurement of business performance, quality customer service and improved productivity are keys to improve competitiveness. The key differentiator strategies which leaders follow includes customer segmentation, collaboration with other financial service providers, use technology to increase efficiency and reach and compete with aggressive products. They also strengthen IT and business linkage and maximize business value from IT investment.â

Dr. R. Seetharaman explained the human resource factor in leadership which should focus on grooming people for global environment. He stated that âLeaders focus on identifying and optimising human talent base, minimising people skill gaps, expanding intelligence in products and services and sustaining high satisfaction and motivation level.â

Speaking at the Special session Dr. R. Seetharaman highlighted impact of Climate change in eco systems. He said âClimate is an important environmental influence on ecosystems. Increasing Population, Increased Energy Needs, Increased Industrial Pollutants, Increased Domestic Pollutants and Low use of renewable and less polluting energy resources clog the Earthâs âCooling System. The level of the oceans and seas will rise by the end of the century as a result of the melting of the ice caps at the two poles.In North America we have witnessed storms such as Katrina, Rita and Wilma and floods in UK. These put economic and social development at risk.â

Dr. R. Seetharaman gave insight on Green economies. He said âClimate change is a global challenge which requires an ambitious global response and a green economy will protect the planet from the worst effects of climate change. Hence it is necessary that we contribute to the development of Green Economy. The state of the ecosystems and the services they provide can thus be used to establish a true Green Economy, which accurately assess benefits and costs where we can create a relationship that will allow us to evaluate tradeoffs. A Green Economy could explicitly put a value on these ecosystem services and ensure that when environmental degradation occurs, the true cost to society and people around the world is accounted for. Green economies are the solution for climate change and for sustainable global growth and the fundamental goal must be that natural ecosystems are maintained in a suitably healthy condition.â