Goldman Sacks vs Taj Mahal Mumbai
Simon Sinek in his book, Leaders eat last, shares 2 organisations, that were poles apart based on their cultures. Needless to say, culture evolves and is initiated by leaders. Both organisations started in the mid 1800’s, whilst one still stands tall, the other has become a relic of the past championed as a company with a Toxic culture. Here stands Goldman Sacks. Many executives who have moved on will rather not even put their experience in Goldman Sacks in their CVs.
Remarkably, Taj Mahal Palace Hotel, that was started in 1890’s still stands tall as a reputable organisation. Interestingly, Jamsteji Tata, who built the hotel, did it for many reasons. One to get people back to Mumbai, after the bubonic plague that devasted Mumbai. The other for having been snubbed by an English Manager from entering a Hotel, where he was invited to attend a meeting with a foreigner. Legacy Hotel, that still stands and uniquely have in place employees who stood up tall and showed care and courage for their guests during the 2008 terrorist attach. When people and employees, ran out, some employees ran back in and stayed behind to help the guests. Thanks to extraordinary. Leadership matters and how you hire plays a part as well.
How they hired talent
It does makes a fair bit of sense here. Taj Mahal, hired talents mostly from 2nd Tier Universities.
They treat others better than those from the top tier Universities
Respect and empathy were valued in the organisation
Skills and personal development were looked into
In start contrast, Goldman Sacks in the 1990’s hired the best and the brightest from the top tier universities.
Managers pit against one another
What was glaring, it was shared that any one that is able to make money can be hired as long as he is not a murderer
No mutual respect
Purpose and Leaders makes a difference
Very much like the example that was shared by Simon Sinek, here. If companies wants to grow, leaders make a difference. If leaders are able to make a compelling purpose for their Teams, how you hire and create a sense of ownership will go a long way towards sustaining your organisation. Contact us for awesome examples like this that we use in our training programs.
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About the Author: Ebnu Etheris Ma.IDT, B.Hrd
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