Financial Daily from THE HINDU group of publications
Wednesday, Jan 30, 2002
Financial Daily from THE HINDU group of publications Wednesday, Jan 30, 2002 |
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Opinion
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Letters Business idols
Way back in the 1970s, the South Korean economy was in shambles. Then came Park Chung Hee, the dictator, who ruled the country with an iron fist. He told the then handful business community that they should: Maintain product quality at all costs and improve it constantly and relentlessly; and adopt a simple life style at home so that the less privileged groups in society do not cast an envious eye on them and get provoked. To the credit of South Korean industrialists it must be said that they religiously followed this `business model' expounded by their leader in letter and spirit over the years, to this day. The results are there for all to see and envy. That small country has overtaken India in many respects.
Today there is no choice for Indian business but to follow the logic of the concepts of Park Chung Hee of Korea or Lee Kan Yew of Singapore. People like JRD Tata are no more with us. But the search for a role model must not end. Kangayam R. Rangaswamy
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