Related to this stretch targets is the situational leaders that I mentioned earlier. Sometimes it is relatively easier to lead when things are rosy. But leaders are challenged most when things are tough. The saying that “When the going get tough, the leaders get going” is very appropriate.
*  *  *  First of all, my sincere thanks to the Nani Palkhivala Memorial Trust, particularly Shri Y.H. Malegam, the widely respected Chairman of the Trust, for extending me the honour of delivering the Palkhivala Memorial Lecture for this year.