Produced by: BT Desk
Networking plays a huge role in matters such as hiring and expanding for Gujarati businesses, says a 2023 research paper from the Singapore American School.
Ace investor Mohnish Pabrai says they are extremely frugal. While different investments have differing chances of success, cost savings has always worked for them.
If you ask any Gujarati to work in a shop floor, they will never say no, adds Pabrai. This approach makes them true value investors.
Gujarati businesses have an appetite for risk, volatility. A huge support system to fall back on creates a solid cushion for risks.
Including the whole family into growing and nurturing the business creates a strong feeling of ownership that guarantees lifetime commitment to the business and fosters a lot of care from the family towards it.
Trust is paramount for Gujarati businesses. If you can’t trust the people working for you it doesn’t matter if he has a PhD or is from Class 10, a Gujarati businessmen says in the research paper.
Gujarati businesses ensure there's a safety net to fail for employees to maximise their potential. The business is not only yours but theirs as well, the paper says.
Leadership skills in Gujarati businesses are not stagnant. They update themselves via research and new knowledge acquisition.
They never look at short-term goals. Gujaratis prefer working on an idea that is long-term and work on it with that mindset.