Quote:
Originally Posted by bolo121
Antimony, i agree on that point. Its not just Marwaris all the Indian bosses I have met seem to have a variation of that philosophy. I think its ok when you are just doing business on a medium scale in one country but when it comes to transforming their business structure, having some sort of long term strategy and especially motivating subordinates they fall short. Even worse than that is our dynastic business structure, no room for professional managers appointed by a board, its just father followed by sons followed by grandsons ad nauseum.
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I used to be a commercial banker and had the pleasure of interacting with a number of them, both at the promoter level and also with exectuives in the finance departments of my client companies. The first thing I observed was surprise, at the fact that a Bong like me was working in Corporate Finance, instead of the marwaris whom they used ot work with. However, like pragmatic business people they are, they do not hold that against you once you prove your mettle. The other thing that I observed was what I call the "trader mentality", venture into short term profit ideas that do note necessarily build long term growth for their companies. I also observed, with disappointment, their propensity to take money out of their promoted (but publicly traded) companies...
Even after all of this, the lasting impression that I retain of the Marwari community is their interest in taking control over their own lives...