Business Today 14th January 2018 - Page 44

The Best Management Lesson I Learnt BY DILIP SHANGHVI Managing Director, Sun Pharmaceutical Industries ‘Earn Trust, Build Bonds’ Th e potential of people comes out when you give them challenging assignments, empower them and give them the space to make mistakes. 44 I BUSINESS TODAY I January 14 I 2018 In the ever changing and chal- lenging business environment, a dedi- cated and loyal workforce is the back- bone of a successful enterprise. This is one of the most important management fundamentals that I picked up early on. It is very important to spot and retain people who, apart from the skills, have the will (motivation, morale, passion) to sustain and grow a business. When I started Sun in 1983, we were a team of five people. One of my first tasks was to hire the right talent and make them part of my vision. A relationship where people of similar