Nestlé India's Managing Director, Suresh Narayanan, highlighted three fundamental principles, which he referred to as the three 'I's, while reflecting on the learnings from the Maggi crisis. Speaking during an exclusive interview at The Growth Summit in Delhi, hosted by YES BANK and CNBC-TV18, and moderated by Managing Editor Shereen Bhan, Narayanan shared insightful reflections on the challenges encountered and the significant takeaways from the crisis.
"The first is Inayat — do things gracefully. Management is about graces, management. is about doing things subtly. Management is not loud punching in the face," he said. Narayan believes that management should not rely on loud displays of power but rather on tact and gracefulness.
Ibadat, the second principle, Narayanan said, emphasises the importance of humility and prayer in management dealings with people and circumstances.
"Management dealing with people, dealing with circumstances, is about prayer. Why have we forgotten it? Why is prayer such a weak thing? Why do we have to be aggressive. Why do I ever come here and show my power as the chairman of a company and hopefully try and impress you guys and go out feeling miserable?" Narayanan added.
Insaniyat, the final principle, according to Narayanan, highlights the need for compassion and humanity in leadership. He recounts the impact of a simple gesture of encouragement from a superior early in his career and stresses the importance of showing kindness and empathy to others.
"And then the third one is Insaniyat. Somewhere along the line as a leader, when I respond, I'm fairly up on LinkedIn, when I respond to a young trainee who's joined this company and I tell her good luck to you. She feels so happy and it goes back to my time when I was a trainee. But one of my bosses gave me a check saying well done, young man. You will do well. For me that was a greatest thing to happen. Why don't we show a little bit more of Insaniyat?," he said.
Reflecting on the Maggi crisis, Narayanan emphasised the crucial lesson that leadership is not about oneself but about the well-being of the team and the organisation. He credits the success in navigating the crisis to maintaining moral integrity and prioritising the welfare of the company's employees.
"I think...so Inayat, Ibadat, Insaniyat. And the last one is, it's not about you. One of the biggest things I've learned in the Maggi crisis is, it's not about you, it's about your people. It really doesn't matter. If I'd handled it...if I had botched it up...I would have retired by now...I would have gone to Chennai I would have been having my coffee and I've been reading The Hindu newspaper, probably, right? What's the worst that can happen to you? But I think if you have the moral fiber to do good, and to be human. I think there is a whole world out there that you will conquer," Narayanan added.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Arvind Kejriwal challenges BJP to arrest entire AAP, leads protest walk to BJP headquarters
May 19, 2024 12:26 PM
Terror attacks in Kashmir raise concerns ahead of May 20 and May 25 election
May 19, 2024 12:15 PM
AAP protest today: Delhi traffic police issues traffic advisory, security at BJP headquarters beefed up
May 19, 2024 11:26 AM
BJP is planning to ban RSS, says Shiv Sena (UBT) chief Uddhav Thackeray
May 18, 2024 8:01 PM