NITISH KUMAR
flexibility and work life balance, clarity on development and career plans, appropriate compensation as well as rewards and recognition. More than retention, it helps maintain the appropriate motivation and energy level in the organisation. So if the structure is the engine, then an open, honest and secure environment works as the ‘fuel’ for the organisation.
RULES OF ENGAGEMENT This then makes the Rules of Engagement the ‘oil’ that keeps an engine wellgreased. To ensure smooth functioning, it is imperative to define the basic rules of engagement. These rules essentially chalk out how the team operates, good leadership behaviour, what one can expect from others, how decisions will be made, how we respond to our customer
needs and above all the values which bind the team together. It is important to set these ground rules and hold each other accountable to the rules. In summary, I would worry about the enabling environment under which people can operate. It is this that makes the difference and will afford the “Renaissance CFO” to meet all other challenges head on. DECEMBER 2010
CFO INDIA
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