India is known globally for the rise of its information-technology and software industry. Yet in this video interview, Yasheng Huang, a professor of global economics and management at MIT’s Sloan School of Management and essayist from Reimagining India: Unlocking the Potential of Asia’s Next Superpower Simon & Schuster, November 2013, warns the country against becoming too dependent on those sectors. He argues India’s potential will only be realized if the country develops its manufacturing and services sectors, which requires labor-market reforms and significant investments in both education and social services. Without those, India will not only face growing social inequality but could also jeopardize its pipeline of college-ready students critical to the high-tech industry.
This post was first published in January 2009 but has gained renewed relevance in today’s crisis ridden world. It reminds us that too much focus on quantitative metrics can go only one way viz. downwards. (Incidentally, Knowledgeboard has since shut down.)
When I coined the phrase “Heart Capital” a few years ago, I didn’t recognise it’s prophetic undertones. And for those who might want to read my article, here’s the pdf Heart Capital.
The ideas and views regain relevance with today’s ‘communities’ on the collaborative web. (2.0)
Here’s John Moore’s comment on the article I wrote in 2003.
“I love these lines in particular :
To humanise is to recognise that technology cannot replace the charm of personal contact. To humanise is to disrupt current business thinking and methods. To humanise is to add emotion. To humanise is to add fun to work and work systems.
I think the discussion about emotional environment is important; a lot of money goes into trying to create great physical spaces for work (and that’s no bad thing) but the manners and subleties of human contact deserve equal attention.
I would add that as well as being fun, the creation of real “heart capital” requires taking risks and being vulnerable. Acknowledging our true feelings feels risky in many enviroments; yet in my experience it is often a touchstone for deeper and more satisfying human engagement.”
Thanks John! Continue reading “Creating Heart Capital”
The continuing financial Tsunami has ceased to make waves. We ought to have seen it coming but were too scared to open our eyes. Like we’ve done in the past – all we’ve ever learnt to do is to solve problems based on ‘fitting historical patterns’ – we believe that we’re at the bottom of the economic downturn and things will look up from here on. Anybody noticed that the slide has been going on since September 11, 2001? And we’re satisfied waiting. The time for innovation is here and is urging us to do something – differently.
Talk to technology and business people and they will tell you that innovation is a tool. Therefore researching a need and then developing a solution to address it is called innovation. Then why call it innovation, why not keep calling it R&D? Are we simply using the word because it sounds nicer? Continue reading “Innovation, Now!”
To me it doesn’t matter whether India will be able to maintain its cost advantage. What does is sustainable and long-term value as a combination of cost and quality. In my view we are seeing the end of the traditional benefits of outsourcing. In whichever way customers were disguising their need to leverage lower costs, the only reason for outsourcing was cost arbitrage. We have seen that gap closing especially in the case of Indian talent. Squeezing benefit from outsourcing purely on a cost basis is clearly the last remnants of Industrial age thinking, which besides all other untenable factors, seems to think of human beings as alternatives to machines. I suggest for this reason alone, that we delete ‘outsourcing’ from business lexicon.
Joel Delman, Los Angeles design director for Product Development Technologies(PDT) points out
Having already gained the lion’s share of manufacturing work, countries like China and India are now focusing on building their capabilities in the innovation and design phases of product development. While some may dismiss the seriousness of this trend, we’d be naive to believe that the United States has a monopoly on a creative workforce.
Reality Shows: Attractive NEW business opportunity for Television News channels.
According to a survey on early 2009, Reality Shows attracted 45 million sms votes. (April 21, 2009 — See Graphic)
The PM’s Relief Fund has promised Rs. 125 crores for Leh. The floods in Pakistan are begging for aid fuzzily estimated to be of the order of USD 1 billion. I, like many others, would like to do my bit.
Nature’s reality shows are far more ruthless than “The moment of truth” on TV. As a matter of fact, her reality shows are the moment of truth for those in the line of fire. So much for philosophy — let me get straight to the point.
My idea is simple – ‘SMS your vote for Aid’ – and I’m not even asking for any credit; just let’s do it!
This is how it works – Continue reading “Innovation – SMS voting for Nature’s Reality Shows”