Raghuram Rajan: Authentic and Servant Leadership
The case study describes the leadership lessons drawn from the tenure of Raghuram Rajan as RBI governor. He took bold decisions to control inflation, considering long term sustainable and growth of Indian economy. He faced criticism from government and media but continued uncompromising leadership. He made organizational reforms in RBI and laid a monetary policy to revive banking sector. His leadership style can be linked with the theories of authentic and servant leadership.
• To evaluate the leadership style of Raghuram Rajan.
• To describe the dimensions of authentic leadership and servant leadership.
• To evaluate the appropriateness of authentic and servant leadership to other contexts.
• Decision-making in a complex environment with a long term sustainable and growth perspective lens.
Prerequisite Conceptual Understanding before The Classroom Discussion
- • George, Bill, Peter Sims, Andrew N. McLean, and Diana Mayer. “Discovering your authentic leadership.” Harvard business review 85, no. 2 (2007): 129.
- • Goffee, Rob, and Gareth Jones. Why Should Anyone Work Here?: What it Takes to Create an Authentic Organization. Harvard Business Review Press, 2015.
- • Harvard Business Review. HBR’s 10 must reads on leadership. Harvard Business Press, 2011.
- • Northouse, Peter G. Leadership: Theory and practice. Sage publications, 2015.
- • Robbins, Stephen P. “Organizational Behaviour: International Version, 13/E.” E: Pearson Higher Education (2009).
- • van Dierendonck, Dirk, and Kathleen Patterson. “Servant leadership.” In Servant Leadership, pp. 3-10. Palgrave Macmillan UK, 2010.
Case Positioning and Setting
The case study can be used in the master’s business program courses on organization behavior, leadership, and strategic management. It is also useful for elective courses on leadership, managerial economics, and change management. The target audience is the participants pursuing master’s program in management or executive master’s program in management. The case study can be positioned in the middle of the course.
I. Critically evaluate the leadership style of Raghuram Rajan.
II. What are the dimensions of authentic and servant leadership? How does Raghuram Rajan’s style of leadership style link with the concepts of authentic and servant leadership?