Jaipur, 18th February 2019: History has witnessed that any business that has kept community service in its core has always succeeded and is the most sustainable business model. In today’s competitive business environment, it has become imperative for any business to have aim of betterment of society to go hand-in-hand with business goals. Charles Handy, who is an internationally acclaimed business thinker, is on his visit to India to study business model of Jaipur Rugs which coincides with his business philosophy of sustainable business model.
Mr Handy is one of the most respected business thinkers globally and an expert on Organisation Culture. He received the lifetime achievement award in 2011 and he was rated second on the Thinkers 50 list (a private list of the most influential living management thinkers) in 2001. He was placed second in the first-ever survey of the World’s Management Gurus, which had business icons Bill Gates and Richard Branson appearing on the 9th and 29th positions on the same list.
Mr. Charles Handy while addressing the industry leaders said, “Jaipur Rugs works on unique bottoms up system where the success of organisation depends upon the people who are making the rugs which is unique as most of the organisations work top to bottom concept. I feel that the mantra for successful and sustainable future organisations is growing together.”
Jaipur Rugs works with close to 40,000 artisans in 600 villages in India, providing families with sustainable livelihood at their doorsteps. Integrating current designs with the sustenance of poor communities, Jaipur Rugs brings weaver’s art directly to homes and delivers not just a carpet but the blessings of a family. To study the business model of Jaipur Rugs, Mr. Handy along with Mr. Nand Kishore Chaudhary will visit artisans in different villages of Rajasthan. Mr. Handy along with Mr. Nand Kishore Chaudhary addressed more than 100 industry leaders on building sustainable business model which he thinks is the future of building successful businesses.
Jaipur Rugs is a social enterprise that has worked towards eliminating the middlemen and ensuring fare wages for artisans. Reviving the dying art of carpet weaving and creating a sense of bonding and community is at the core of the company’s business philosophy. Every carpet has a weaver’s story behind it and the people live through the emotions of the artisans every time they look at the rug. The company has been successful in bridging the gap between the weaver at the grassroots and the urban consumers. This aligns perfectly with the business philosophy championed by Handy throughout his career.
Mr. Handy’s thoughts can be well understood with his words from a 1990 seminal lecture at the Royal Society for Arts in London on the topic ‘What is a Company for?’ where he said, “A company ought to be a community, a community that you belong to, like a village. Nobody owns a village. You are a member and you have rights. Shareholders will become financiers, and they will get rewarded according to the risk they assume, but they’re not to be called owners. And workers won’t be workers, they’ll be citizens, and they will have rights. And those rights will include a share in the profits that they have created.”