How do you build an institution that outlives you? What would be the principles and methodology? One of the questions I have been thinking off-late. We have a limited generational business family like Tatas, Birlas, Marico, Reliance, and others. What would they have done differently?
My limited learning suggests building a solid process and growing responsible leaders. I have realized the power of process and people all this while.
Any organization will see generations if leaders are independent and transparent with bold beliefs, the idea of predicting the future, and some luck.
Education and employment are the stepping stone of a wealthy nation. We need to build more and more companies that last for generations and generate stable employment for millions. That is how our country will progress.