📺 Stream EntrepreneurTV for Free 📺

What is the Legacy you Would Like to Leave Behind? We must live and breathe the values we espouse and believe in

By Sunandan Bhanja Chaudhury

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

We all get an opportunity to make a difference! Difference to something that will linger long after we are gone! In the corporate world, which is rapidly changing and becoming more and more demanding, changes in leadership are much more frequent now than ever before.

Leaders are driven by different objectives. Some say you need to be disruptive or innovative or have speed of execution or set up a business for growth. Great leaders think about legacy all the while —it's something that keeps them awake at night!

The problem is that sometimes we focus on advancing our own agendas instead of building a brand! Sam Walton and JRD Tata took it further to build a culture in the organization that would define the brand! They will always live on in the hearts of the people they touched! It's what makes them immortal! Their stories will be told and re-told many times over after they have gone!

So what could be steps to building a legacy?

A- We must Walk the Talk!

We must live and breathe the values we espouse and believe in. Nothing in the world can create more credibility and trust than doing something we have promised no matter what the cost or the price we pay. Like Sam Walton did the Hula as promised in 1983 for exceeding the profitability goal.

B- Identify What Matters and What Will Keep the Organization Successful in the Years to Come

Look at the past as well — what has worked, what did not work, what made it so successful? What's the DNA of the company? What is so distinctive about the company?

C-Create a Strong Vision and a Foundation.

Vision has very little value unless the whole company is aligned to it. Bring about a culture that supports the vision. As Sam Walton once said "Capital isn't scarce. Vision is".

D-Commit to It!

Commitment is about sacrifice. We should not get distracted in our quest to build an organisation with a strong foundation of values.

E-Build a Leadership Philosophy and Succession Planning.

Have a strong talent architecture to support the structure you have created. Recruit people better than yourself.Build a team where there is alignment of culture and ethos.

So spend sometime thinking about what to leave behind — it will give you a purpose in life and a meaning to your existence!

And remember that legacy is something we are creating every living day of our life!

Sunandan Bhanja Chaudhury

Managing Partner, Executive Access India

Sunandan Bhanja Chaudhury is the Managing partner  of Executive Access India, a leading global executive search firm.
Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Business News

James Clear's Atoms App Promises to Help Break Bad Habits and Create Better Ones — Here's How It Works

The app turns Clear's best-selling book, "Atomic Habits," into something actionable.

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Business News

Google Lays Off Hundreds of 'Core' Employees, Relocates Others Overseas

The layoffs were announced days before Google's parent company, Alphabet, announced its Q1 2024 earnings.