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Rick Wagner was recently forced to step down from General Motors (GM) due to the poor performance of the company he led. I know there are various opinions out there as to whose ‘fault’ it is that GM has been failing, but ultimately, his job performance is tied to the company’s performance. After all, the CEO is in charge of making the decisions necessary to keep the company profitable on a good day, and at the very least, prevent it from going under. I will be the first to say that it is not an easy job, but that is why CEO’s make the big bucks! Given that GM has continued a downward slide since he has been at the helm, he should be held accountable for his lackluster performance.

Accountability is a necessity in the business world. Managers hold their employees accountable, ultimately, shareholders and board members are supposed to hold the executives accountable.

With all that being said, I also believe highly in rewarding people on good performances as well. Productivity, making money and serving customers well should all be rewarded when done above and beyond the call of duty. When expectations are exceeded and top performers emerge, they undoubtedly should be paid handsomely. There is much talk out there today about ‘excessive greed’ in large companies (especially those too large to fail). I say that it is excessive when it is not warranted. When the leaders are at the helm of a sinking ship, they do not deserve a reward at all, but deserve more the fate of Rick Wagner. However, if there are performers within the company that are making money for the company (despite the horrific spending/bleeding of the rest of the company), they should be rewarded regardless of the overall company’s health. Why? Because they are the only people who can actually save a company. If you don’t reward performers, those performers will go to another company who will. What happens if all the performers leave? The show is over. Plain and simple.

As in any part of the world, political influence is highly essential to start a business in India. Especially if you are planning to start a multi billion business, some sort of political patronage is an absolute necessity. Not only for safeguarding the interest of the company but even to begin the process of getting the required sanctions, one requires hold in the high echelons of politics and administrative circles.

Indian society is highly plural. It is the biggest democracy in the world with multi party political system. In population, India is second to China, with nearly 1200 million people. This is the most important consumer market in the world. It is a fast developing world. India is the third largest economy in the world and second fast growing economy in Asia. It has the tremendous potential of development with huge intellectual human force. With all these advantages and the huge market potential, world super entrepreneurs are looking for business establishments in India. With the overcrowded population and the millions of hard working and qualified personals, India offers a very cheap work force to the world. Many have realized the business potential in India, started exploring the unique opportunities of investments.

During the last couple of decades, India has opened its market to world. It has absolutely become an open global market. Banking sector, Insurance sector and all fields of industrial and business are now open for multi national investment. Of course there are many obstructions to cross. And mostly all issues can overcome and establish business if you have the political patronage.