Three business lessons to learn from the Indian elections

What management lessons can business leaders take away from the general elections in the biggest democracy in the world? Former Chief Election Commissioner of India, SY Quraishi, had these three key insights for top executives that he revealed recently in Twitter:

1. Plan minutely, delegate liberally, ensure accountability, monitor closely and act neutrally/fairly.

2. Leverage the social media for cost control. If social media can reduce election costs, it can do the same for most businesses.

3. Always have a back-up plan. "We would have plan B, C and D. We work on the principle that if something can go wrong, it will go wrong. But since we are ready with plan B, C and D, we are able to ensure we deliver perfect elections," explained Quraishi.

No surprises why the US Presidential nominee Hillary Clinton once described the Indian elections, considered among the world's best, as the 'gold standard', Quraishi added.