My latest book is out- Rethinc: what's broke at today's corporations and how to fix it, published by Random House. Here's the blurb:
Corporations are crucial to society’s well-being. Yet, not many have chosen to adapt themselves to the expectations of employees and society at large in the times in which we live. In RETHINC, Prof Ram Mohan identifies three main problems that ail companies and proposes ways in which these can be combated. Most companies are still run from the top and make very little attempt to involve employees at lower levels in decision-making. Executive compensation has spiralled up steeply in recent years because the process of setting it is seriously flawed. Boards of directors are ineffective and have abetted the cult of the charismatic CEO who is expected to work wonders.RETHINC contends that the solution lies in the near-total dismantling of hierarchy or the ‘boss-less’ organisation. In such an organisation, the structure is flat, employees operate through self-driven teams, there is peer review, freedom to express oneself, power rests on one’s contribution and not one’s title and the organisational purpose goes beyond the making of profit. There are limits on variable pay linked to performance and pay is more egalitarian. Board effectiveness is ensured through a very different process of selection of independent directors. The office of CEO is demystified and it is the system that is the star, not any individual. Once all this is done, we will have an achieving organisation that is also a humane organisation- an organisation in which employees are raring to get to work every day.
I do hope the book gets managers and students at B-schools thinking seriously about running corporations very differently from the way they are run today.
Praise for the book:
A compelling read for corporate chieftains and observers alike. This book is certain to make both participants in the corporate world and students of management sit up and take notice.
- M Damodaran, former chairman, SEBI
It takes courage to take on Holy Cows, and conviction to state a contrarian view. Prof. Ram Mohan lacks neither.
R Seshasayee, Executive vice chairman, Hinduja Group India
Provocative and engaging, the book should be read by all who are groping for a better society through more humane corporations
-Prof P N Khandwalla, former director, IIM Ahmedabad
Here are some excerpts:
Google Books: https://books.google.co.in/books/about/Rethinc.html?id=2VFDCQAAQBAJ&hl=en
Here are some useful links to the book: