Why (some) Indian Startups fail – case in point being Byjus and Paytm and some others on the verge… Capt. Rahul Sharma A HR professional / CHRO with over 30 years of experience with a strong background in Employee Engagement,PMS,OD,CM/ held senior-level HR, Trg and Security positions at several large organisations/ Army Veteran. 22 articles April 19, 2024 Open Immersive Reader From an HR perspective, the downturns of Byju's and Paytm and others highlight crucial shortcomings in their organizational strategies and compliance with their own mission and vision, exacerbated by rapid expansion and disregard for regulatory and internal governance. Byju's faced significant issues related to a toxic work culture and high employee turnover. The company pursued aggressive expansion, both geographically and through acquisitions, without sufficient consideration of the integration and cultural alignment of these new components with the existing structure. This aggressive approach led to u
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When Psychopaths Go to Work: Snakes in Suits - My take...
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While reading the book "Snakes in Suits: When Psychopaths Go to Work" written by Paul Babiak and Robert D. Hare, I could think and thank my good fortune of working with some of the best bosses/leaders during my corporate stints. But at the same time, images of some flashed in front of me who were psychopath characters, the book mentioned or described. This book explores the dark side of corporate life by examining the behaviour of individuals who are commonly referred to as psychopaths. Babiak and Hare describe how these individuals are often highly successful in the workplace, but their lack of conscience and emotional empathy can cause significant damage to the organizations they work for and the people they interact with. The authors discuss how psychopaths are skilled manipulators who can quickly rise to positions of power, often charming their way to the top and leaving a trail of destruction in their wake. I shall try and put down some traits as mentioned in the said
Importance of Transparent Communication and the role of HR in adding Value to a Start-Up
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Startups in India are a growing trend, with the country ranking third in the world for the number of startups. However, while India has a thriving startup ecosystem, it also faces its fair share of challenges. In this context, communication and transparency are even more critical for startups in India to succeed. Communication and transparency are essential elements of a healthy and positive corporate culture. When these two factors are missing, the outcomes can be detrimental to the organization's success. I have seen these two key components of corporate culture missing sometimes, especially in various startups in their growth phase. It starts from the recruitment and selection stage only when these two things are most important and crucial to instill a sense of confidence and ownership in the journey of a start-up company. These two elements are the foundation stone of any company and a tall, strong, and large building can not be made to stand for long if the foundation is weak