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Doing Business in India For Dummies® by Ranjini Manian

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Understand the Importance of Stability

Growth and progress are the aims of all businesses. But before growth can occur, stability within has to happen. Chanakya says, “The policy, following which he were to see neither the advancement nor the decline of his own undertakings, constitutes stable condition.”

As a progressive corporate head, you need to ensure that your organization has financial stability and a focused mission before it can move on to the next rung in the ladder of progress. Another area of concern is fast employee turnover, especially in IT companies. This problem is a particular nuisance in India today, with headhunters on the prowl and the young, upwardly mobile Indian ever on the look out for bigger bucks and designations. You must establish a work atmosphere attractive enough to see that your staff stays with you. There are various ways to do so, and you can find details in Chapter 7.

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