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Building Lasting Institutions: Challenges and Strategies of the House of Mewar over 76 generations. Professor K Ramachandran Thomas Schmidheiny Chair Professor of Family Business and Wealth Management Indian School of Business, Hyderabad. Chronology. Chronology. Chronology. Chronology.
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Building Lasting Institutions: Challenges and Strategies of the House of Mewar over 76 generations Professor K Ramachandran Thomas Schmidheiny Chair Professor of Family Business and Wealth Management Indian School of Business, Hyderabad
In Nutshell… • Mewar rich in traditions and values, rich in natural resources (zinc, silver, emerald mines) • Clear trusteeship foundation (including leader selection) • Inspiring history of sacrifices and service to society by king, family-members and people • Several pillars of visionary leadership to preserve and grow internally (not ego trips to rule/ expand) • Clear priorities: peace and prosperity, no expansionist ambitions • Continuity in building state
Challenges for Maharana Bhagwat Singh (1955 – 1984) • Create source of income for custodian family • Constant revenue flow to discharge moral and social responsibilities
Challenges for one ‘not born to rule’ Ensuring / cash flow Building Business & fighting competition Contribute to social development Shriji 1984 Lack of preparedness Family dispute/ court cases Local Animosity
Guiding principle Custodianship (not for self)
Mewar’s Core Values • Self –respect • Self – reliance • Respect for mankind • Service to community
“The idea was to be able to continue doing what our forefathers did as a part of their custodianship duty. The Maharana’s position was never an office of profit; the purpose was never accumulation of wealth. Focus on continuity in carrying out the moral duties was extremely important and it had to run across generations”. -Shriji Arvind Singh Mewar
“Today we are a living palace complex; I can see the City Within City become a model of self –reliant multi-faceted enterprises. I am fully conscious, that I may not be able to witness the project’s completion in my lifetime, but I have certainly set an example that others may wish to follow in the future. A future that is so inextricably linked with preserving the legacy of the past.” - Shriji Arvind Singh Mewar
“The Indian government might have taken away the stage from where we performed, but our calling is still to work for our community, for our country, for the betterment of the people”. -Smt Vijayaraj Singh Mewar
Eternal Mewar conceptualized, still expanding, much more to do Several court cases settled, but a few remain Shriji 2010 Business steady and growing Family unity, next generation ready
“Change rarely invalidates the past and it does not necessarily imply a rejection of the old. I believe in the past, but my feet are firmly rooted in the present and I’m constantly thinking about the future. A great deal can and should be preserved from the past. In particular we should treasure the selfless values that have stood the test of time.” - Shriji Arvind Singh Mewar
