Get All Access for $5/mo

What Must Entrepreneurs Consider When Hiring Leaders for Their Business Abroad Ramachandran does not think an external leader should necessarily lead an enterprise's pack abroad.

By Aashika Jain

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

Entrepreneur India

The passion that the founder or keeper of business has may not be the same as the passion with which an outside leads his or her founder's business overseas says Professor Kavil Ramachandran, a permanent faculty teaching entrepreneurship at the Indian School of Business.

Entrepreneur spoke with Ramachandran who is committed to creating a platform for research, knowledge creation and dissemination, and innovation in the field of family businesses.

Being a pioneer academic entrepreneur, propagating the message of strengthening family business in India and outside, Ramachandran does not think an external leader should necessarily lead an enterprise's pack abroad.

Find top 5 tips that big businesses must follow when they look to hire leaders at the time of expansion in overseas markets.

Have a Clear Roadmap

One is have a clear roadmap. All big businesses need someone who has the passion and shares the entrepreneur's passion to implement business plans set my him or her.

Find a Sounding Board

You need a sounding board who can tell you on your face a particular venture will not work or not says Ramachandran. "I think it is very important that the person is very objective,' says Ramachandran who calls the person required not dispassionate but one with detached passion.

Professional First

A professional-first approach means that when business matters arise, one should be able to sit down and discuss objectively without making decisions a personal matter.

Value-driven Hire

Someone who has to set up work globally needs to have deep committed values. Only someone who is value-driven can insulate big businesses from unnecessary damage and keep the image of the business in good light.

Period of Overlap & Oversight Essential

When the other person follows a process of delegation, then initially, the key decision areas should be jointly decided. The second set of areas will be decided via consultation and the third set is where the selected person takes the decision.

The need of a mentor is also paramount. "The mentor may be a chairman, a senior member of the family or a successor," says Ramachandran.

Aashika Jain

Entrepreneur Staff

Former Associate Editor, Entrepreneur India

Journalist in the making since 2006! My fastest fingers have worked for India's business news channel CNBC-TV18, global news wire Thomson Reuters, the digital arm of India’s biggest newspaper The Economic Times and Entrepreneur India as the Digital Head. 
Entrepreneurs

Academic Excellence Is Not Necessary for Success in Life: Hear from the Founder of this Exciting New Digital Education Platform.

Many educational platforms are emerging these days to help people qualify for various types of entrance examinations. But what about the students who don't want to take the traditional path, the ones who don't rank among the top 10 in the classroom yet still aim high in life?

Growing a Business

We're Great at Wishing and Bad at Making Choices — How Obscure Goals and Narrow Targets Derail Our Success

When we're trying to reach a goal, we lose sight of the fact that we need to make tradeoffs. Goals aren't as simple as a proclamation — they are part of a bigger strategy.

Growing a Business

3 Branding Strategies That Will Make Any Brand Stand Out

Here's how to differentiate your brand in three essential steps — understanding your unique selling proposition, leveraging storytelling, and valuing feedback.

Science & Technology

No More ChatGPT? Here's Why Small Language Models Are Stealing the AI Spotlight

Entrepreneurs can leverage this growing tech to create innovative, efficient and targeted AI solutions.

Growing a Business

The Top 5 AI Tools That Can Revolutionize Your Workflow and Boost Productivity

Discover the top 5 AI tools for marketing and content creation that every marketer needs to know.

Franchise

Four Takeaways for the Franchise Industry From My Time at the Republican National Convention

Matt Haller, President and CEO of the IFA, says the stakes are high for franchisors and franchisees in the upcoming presidential election.