Tulsi Tanti's Suzlon, was in deep in debt due to unfavourable local policy changes and impact of the global slowdown. Hamstrung by a lack of funds, Tanti had to sell off his prize, profit-making acquisitions to fund the revival. Talking of the challenges of bringing the company back from the precipice, Tanti says being a mechanical engineer, he had always focused on technology and growth and did not have the core competency to do liability management. In difficult times, he had to go meet bankers and give stakeholders the confidence that there was light at the end of the tunnel. So the last five years, he says, were a completely alien aspect to his management.
Work and Life Lessons
So what could have given Tanti the strength to move away from his comfort zone of focusing on technology and growth, and persevere with what he wasn't happy doing? The answer may lie in his purpose - to build a company not for the next 10 years, but for the next 100 years.
Each of us wants to leave a legacy, a contribution to his or her community or society. Once articulated, the nature of the legacy leads us to do things which will outlast us.
Work and Life Lessons
So what could have given Tanti the strength to move away from his comfort zone of focusing on technology and growth, and persevere with what he wasn't happy doing? The answer may lie in his purpose - to build a company not for the next 10 years, but for the next 100 years.Each of us wants to leave a legacy, a contribution to his or her community or society. Once articulated, the nature of the legacy leads us to do things which will outlast us.
What's yours?
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