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Navigating the Unknown: Leadership in an Era of Uncertainty

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 Leading through the mists of uncertainty can feel formidable; yet, it unveils a chance to display resilience, adaptability, and visionary leadership. Here are a tapestry of strategies to amplify your prowess in traversing unpredictable realms: Embrace Flexibility and Adaptability Stay Agile: Nurture a malleable work atmosphere that empowers teams to swiftly shift and respond to emerging insights and changing tides. Iterative Planning: Break down long-term visions into smaller, manageable milestones that can be recalibrated as needed, allowing for continual reassessment and evolution. Communicate Transparently Honest Updates: Keep your team apprised of the current landscape, even when the news is less than favorable. Transparency begets trust and ensures collective alignment. Open Dialogue: Foster a space where team members feel emboldened to express their concerns and ideas, enriching insights and uplifting morale. Focus on What You Can Control Identify Priorities: Direct your ene...

Angus Deaton and lessons for India

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This year's Sveriges Riksbank Prize in Economic Sciences was announced on 12 October 2015, the recipient none other than the Cambridge-educated Princeton don, Prof. Angus Deaton. The Royal Academy honoured Prof. Deaton 'for his analysis of consumption, poverty and welfare.'  Prof. Deaton work has been driven by understanding measurement and relies extensively on data for making sense of individual consumption choices. He has also worked in India for understanding poverty as well as it impacts on healthcare outcomes, consumption choices, etc. His work has several important lessons for India. These lessons while not exhaustive do tell important areas for improvement.  The most important message that Prof. Deaton also mentioned in a recent interview was that there seems to be a statistical discrepancy in the data for India. It is because the household survey results do not reconcile with the fact that there seems to be an exceptional increase in income data coming...