Monday, May 17, 2010

WHY FAMILY COMES FIRST?!

Dynasty
If there were any lingering doubts about the influence the word dynasty has in Indian politics, Lok Sabha elections 2009 acted mercilessly to dispel them for good – and at least for a generation. It is not just about how the great grandson of Nehru won a decisive mandate from his ‘family’ constituency and was quickly anointed the prince awaiting his crowning. Fact is that at least 150 winners in the Lok Sabha elections belonged to major and minor political dynasties. Barring the Marxists, no political party in India is now immune to the dynasty syndrome. From J&K to Kerala and from Mizoram to Gujarat, sons, daughters, nephews, nieces, widows and the likes have been chosen to preside over the fortunes of India. Now many pundits label this as an unhealthy trend since it acts as the ultimate barrier to competition in an arena that badly needs better quality and products that offer more value for money. But then, in the political arena, products with a familiar brand pedigree are a better bet than untested products who only offer a better deal. And if the consumer doesn’t seem to mind it; who are we to judge?

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Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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