Culture of growth: transformational and transactional views perspectives from the Indian IT industry

The notion of growth has always attracted the interest of individuals, organisations and policymakers. The pervasive notion that growth is good and produces win-win outcomes has attracted mixed discourses by academics who have explored different levels and outcomes of growth, some of these discourses reveal a very different story. Whilst economic growth and development has been a key agenda for any political party, the impact of such an agenda, if not adopted using an inclusive approach has far reaching consequences. This new 'culture of growth' is becoming interweaved at multiple levels and institutions are embroiled in it, often arguing for maintaining the legitimacy of such an approach. This chapter reviews the concept, its strengths and weaknesses, as applied to an organisational context. Reviewing research and examples from India’s high growth information technology industry, this chapter brings to the fore both transformational and transactional views on the culture of growth in this industry.