Birth & Growth of Innovation in India
Tuesday, February 23, 2010
Innovation does not happen at an instance in time, it's an ongoing activity. Like how an egg is carefully incubated under the warmth extended by the hen's body, innovation needs that initial hand holding. This essentially comes from the innovators themselves. And like how the chicken sees the daylight outside of the egg shell, innovative ideas also see the daylight. Like how the chicken is carefully nurtured by the hen, the idea needs to be nurtured by the innovator.
- The Indian education system - At large, these continue to teach courses that nourish bookish thinking rather than out-of-the-box thinking
- Indian colleges & universities - These continue to advertise as "100% placement"
- The Indian upbringing - We still continue to coax our kids to take the safer route. The risk-taking attitude is seldom seen here. I also agree with Sramana Mitra's thoughts on the effects of "colonization" in India - it's very true.
- Lack of quality talent - I've faced this - haven't been able to find high quality talent who would work for a early stage startup. They eventually run away when they get an offer from Cognizants and the TCSes of the world
- Intellectual Property (IP) rights - Inability to truly protect IP has been a big challenge for those daring entrepreneurs to hire talent. The young and talented ones sign any non-disclosure agreements without consciously abiding by them
- Lack of early stage seed fund - Because of the above challenges, early stage entrepreneurs will have to compete with the Cognizants and the TCSes to pay competitive salaries, which warrant sizable capital. Unfortunately, seed fund is still tough in this part of the world
On Short & Long term Success
Sunday, February 21, 2010
Have you ever seen someone who has forever not been successful? I have not! From the most ill-luck-struck and paupers of the world to the top in class businessmen and women, I've seen success in every one of them. The difference is "How long did the success last?"
I was ruminating over something I saw last evening when driving past a well known street-side food vendor (a hangout for people of all ages, creed and social statuses). After a presumably long wait a mendicant got some sizeable moolah from someone who drove down in his Mercedez Benz. I saw both of them get food from the same hangout (can I say they dined together?!?).
The mendicant went back to his business soon after - to seek alms from the passers by, and Mr.Benz whizzed off in his car. This very sight got me thinking - "How are these two different? How are they doing what they are doing? And, why is one seeking alms while the other riding the fast track?"
Success is a subjective term when used independently. When we start associating this term to appropriate people and activities, we realize that success is more objective.
The mendicant who was spending his life seeking alms indeed saw success when he got moolah to satisfy his hunger. To him that was success all about and he wasn't worried about how he would manage his breakfast next morning. This is the short-term success. We all see short-term successes - almost every other day.
However, Mr.Benz saw success from a different pair of glasses - to him, success was somewhere in the horizon and he was (probably) still searching for it. Or just to put it simple, Mr.Benz's glasses weren't myopic.
And, here comes my point - It's not about long-term or short-term success. It's about how much of control you have over your success. If you do not have control over the success factor, you will end up catching the tiger by it's tail. It's not just about gaining success, it's about how well you sustain success in a way that it doesn't trip you. I'll not want to tie this back to the Benz-mendicant story above as I believe open-ended stories can get us thinking!
Keep a check on your success, long or short term, and make success a journey - not a destination. It's all about Kaizen. Keep an eye on the changing factors around you and believe that it can change the success factor.
Stay on the leading edge, and not the bleeding edge! Keep innovating!
[Image Source: Internet]
Twitter, Trade and Global Economy?
Wednesday, February 17, 2010
Having passively observed Twitter grow from a mere status update tool to a buzz, I must admit that the creation of Twitter has been a truly open creation. Twitter has given birth to a whole new set of business models and also tools and platforms.
Having said that, here is something that I'd like to share with you.....something that I've been thinking about for quiet sometime now. With the Twitter-effect being as powerful as an avalanche, how can it really affect world markets? Here is a case - How would it be if a successful stock market trader with thousands of Twitter followers tweeted about him buying a stock?
Could that potentially trigger all his followers to buy loads of the same stock, thereby creating an artificial demand - everything in just a few minutes!?!?!! This can potentially help a lot of people make money while driving the stock market highly volatile. Well, this is just my thought. What say you? Given a chance, would you do something like this? On the other side, do you think something like this can help the world economy grow?






