Calling all India-preneurs

If there’s something India needs it is theez. Indiapreneurs!

I think we’ve waited long enough. I was at an event organised by the students of NIT Trichy early September and was pleasantly surprised to see how clued in this generation is. The problem is that our academia is still stuck in a time-warp. These kids need active mentoring and incubation support from professionals who have been there, done that. We need to move incubation facilities out of educational campuses and transplant them firmly into the ‘real’ world of business. A few friends and I are working on providing space and infrastructure as well as functional support (HR, Admin, IT etc.) and plan to pilot this in Delhi, Coimbatore and Hyderabad, starting 2010.

Ideas, suggestions, support and comments please.

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BlogQuotes: Entrepreneurship #1

Starting today ‘BlogQuotes’:

1. The only difference between ‘Leadership’ and ‘Management’ is that one creates a spark, and the other fights the fire.

2. The only mantra to learn – “Get out of your way”.

3. Be slow and steady in life yet hasten to fail.

© Sunil Malhotra 2009.

Leadership Innovation – Crisis of aspiration

Today’s Economic Times carries an article (How to manage through a crisis) by Arun Maira. My highlights in colour below …

Arun Maira
Arun Maira, Senior Advisor – BCG India.

The difficulty is in determining what should be cut-back to get through the immediate crisis with least effect on the future prospects of the business. While Telco was in the midst of a large
capital expenditure program to expand its design and production facilities in Pune in the early 1980s the truck market went into recession. Finances became tight. The board had to consider whether to reduce the bonus to employees or reduce dividends to shareholders. One view was that since the company could not disappoint investors whose support it needed through the crisis, dividends must be maintained and cuts made elsewhere — in the bonuses and benefits of employees perhaps. An opposing view was that the company needed the dedication of its employees more than ever in tough times and hence the company could not afford to demoralise them.

The lesson was that, in a crisis, the company must retain the support of all its stakeholders. Continue reading “Leadership Innovation – Crisis of aspiration”