How to take decisions (Management Sutras) by Pattanaik Devdutt

Author:Pattanaik, Devdutt [Pattanaik, Devdutt]
Language: eng
Format: epub, mobi
Published: 2016-11-30T16:00:00+00:00

Mr. Gupta has to choose a successor. Should it be his eldest son who is not very shrewd? Should it be the second son who is smart but not interested in the business? Must it be his daughter, who feels gender should not be a criterion, but who fails to realize she is not really that smart? Should it be his brilliant son-in-law, who does not belong to the community, which will annoy a lot of shareholders? Must the decision be based on emotion, equality, fairness, loyalty, or the growth of the business and shareholder value? Each and every answer will have opponents. Must he simply divide the business before he dies for the sake of peace or let his two sons and daughter fight it out in court after his death? There is no right answer, he realizes. Traditionally, in the community, the eldest son inherited everything. That was convenient but often disastrous. Mr. Gupta does not want to impress the community; he wants his legacy to outlive him. He also wants all his children to be happy. His desires impact the decision as much as the context.

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