Wednesday, March 18, 2009

Will CEOs smile half as much?

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

People have been overwhelmed by his victory but businesses are guarded intheir optimism. Virat Bahri & Pallavi Srivastava of B&E analyse what Obama’s election could mean for business...

It is truly undeniable that the tide was heavily against John McCain. As he was busy talking on the economy, health care, banking, real estate, taxation, bail outs, experience, “Why I am not Bush!”, “My years in Vietnam!”, et al, the Americans were busy getting overwhelmed by the phenomenon of Barack Obama, and gaining faith in his promise of change. Obama won primarily because he had mastered the art of inspirational leadership; and harped repeatedly on his slogan, “Yes, we can!” Very little complicated language; just a case of excellent positioning at an excellent time.

That did compel critics and even TV show comedians to comment that Obama had very little in terms of definite plans for American revival. In the heat of what will now be remembered as a historic US Presidential election, American stand up comedian and talk show host Jay Leno quipped, “Barack Obama continues to criticise John McCain’s economic plan. McCain would like to criticise Obama’s plan, but nobody knows what it is yet. So we’re still waiting!”

While media here goes ga ga over what his election means to India; we should realise that his first priority is to rescue his own country from arguably one of its most testing times in history. So predictably, it’s time for Obama to now work out his plan for revival of US economy and business. His foreign policy is undoubtedly crucial, but even by reviving America itself, he would automatically be doing the world, and India, a great favour!

For more articles, Click on
IIPM Article.
Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).


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