Thinks 478

Rita McGrath: “A bigger step forward in rethinking the way we organize employment is to follow the guidance of MIT’s Zeynep Ton. Ton is the author of a terrific book called The Good Jobs Strategy which makes the point that if companies provide good jobs and support their people with excellent operations, they can create a powerful competitive advantage, even in low-margin sectors. Ton’s deep insight is that loyal employees who are treated well and given the proper tools can, instead of being units of cost, enhance a company’s growth and performance.”

Manish Sabharwal and Neeraj Kakkar: “The gift of middle-class parents for entrepreneurs like us was learning early in life that we don’t live in an economy but a society. Our challenge was getting our parents comfortable with their perceived personal financial risks because the India of their youth had an unmeritocratic business regime where entrepreneurial success needed a surname, connections, or your own money. Economic reforms have blunted incumbent advantages by enabling partnerships between daring financiers and first-generation entrepreneurs. Most of these entrepreneurs will fail because they are driven by the magnificent but risky human impulse freedom fighter Ram Prasad Bismil called sarfaroshi, poet Mir Taqi Mir called junoon, and economists call innovation. But the few that survive will raise India’s soft power and prosperity by using improbable ideas to solve impossible problems.”

P Raman: “For today’s politicians, power is the essence of life. Ideology, political commitment and loyalty are variables. The party system that existed until a decade back is under challenge. It is more like business executives seeking better career options. It has become purely transactional…There have been two other concomitant developments. The first is the narrowing of distinction between political parties — in working style, personalised party control and political postures. The second is the ideological and policy compromises to suit the imperatives of power.”

Published by

Rajesh Jain

An Entrepreneur based in Mumbai, India.