August 2, 2023
On this episode of The Rich Equation Podcast, Ashish is joined by Dr. Balaji Krishnamurthy. He is a veteran corporate executive with more than 35 years of corporate experience, having run 17 different businesses in his career. With a Ph.D. in computer science and a strong technology background, he has run a variety of service and manufacturing-based, private, and public technology businesses ranging from millions of dollars to a billion dollars. TIME magazine recognized him as one of 25 Global Business Influentials, and the Wall Street Journal has featured Balaji and his innovative concepts as representing a new genre of corporate leadership.
In this episode, Balaji starts by sharing his insights on leadership, and how the effectiveness of leadership can be by leveraging influence. He talks about an invaluable thought exercise that organizations can adopt in their business. He talks about “graduating” employees and how it can help small businesses thrive. He shares his ideas on the dilemma of value assessment of people, and his leadership philosophies.
00:00 - Ashish Introduces Balaji
01:42- Ashish and Balaji talk about Leadership
03:00 – Leadership equals leverage plus legacy
04:31 – Ashish asks Balaji what he believes to be the state of leadership today in business
06:40- Balaji shares his leadership philosophy: Question the obvious, rationalize the outrageous, and ponder the consequences
14:12 – Most companies can double their business with half their employees. The other half is keeping them from doing so
16:12 – Balaji talks about how he managed to decrease his workforce to more than half and still remained productive and profitable
17:25 – The two kinds of employees that stay in an organization for the long term
11:51- Ashish talks about Balaji’s book and Underperforming Vs. Engaging employees
19:23- Ashish asks Balaji how “graduating” employees help him and the organization
30:49- Dilemma of Value Assessment
40:05- Distribution of values based on employee’s assessment of each other
43:06 – Ashish and Balaji talk about leadership and Balaji’s philosophies on governing
44:16- Ashish and Balaji talk about dealing with the current situation and his philosophy in life.
49:50 – What happens to you after the company, and what happens to the company after you leave
55:30 – Balaji shares more about himself, his business, his books
59:56- Ashish asks Balaji what does it mean to have a rich life
Connect with Balaji Krishnamurthy here:
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Check out previous episodes of The Rich Equation Podcast here: https://podcasts.apple.com/us/podcast/the-rich-equation/id1585002788