Thinks 1066

Ruchir Sharma: “If you look at the data, you will see that there is a very clear shift which is going on in the supply chains around the world. But India is not the only beneficiary. India is one of the beneficiaries. (There is) Vietnam, Indonesia, Mexico, in terms of being very close to what’s happening to the US, and then in Eastern Europe, (there are) countries like Poland. We have to be careful in India of a couple of things — we are not the only country; there are options people have, markets like Indonesia, Mexico, Vietnam and others. The policy on the ground and the macro numbers look good. If you look at the FDI numbers in India, those have really fallen off quite significantly. Why is that happening? We need more FDI to come. Why is private capex in India not picking up more in the way it should be? These are some of the answers that I hope our policymakers also think about rather than take it for granted… The data on the ground today shows that yes, India is benefiting from the ‘China plus one’ strategy but it’s not just India, there are other countries too which are trying to pick up the pieces and do this… some doing it more quietly, some with more fanfare.”

FT: “[LinkedIn], once a home purely to job hunting and networking, has become overrun with many of its 930mn users sharing career-focused, often aspirational content, in the hope of building substantial followings. Initially the realm of select business magnates such as Richard Branson, lesser-known marketers, tech entrepreneurs and even creatives such as US rapper Snoop Dogg are now trying to leverage the platform. Their success at attracting large followings has caught the attention of some high-profile chief executives, who are also now attempting to build personal brands on the platform and boost the profile of their businesses.”

WSJ: “Unlike some of the more speculative AI visions put forth by nearly every company in tech, Adobe benefits from some of the clearest use cases that could prove especially popular with its user base. The Firefly image generation tool that was just put into beta trials earlier this year is now on its second generation, with new versions announced this week for audio, video and 3-D image creation. New AI features in Photoshop are designed to cut hours from the editing process. And the company now even offers a “conversational” version of its Acrobat software, which can read, analyze and create PDF documents. Mark Moerdler of Bernstein noted that Adobe’s AI tools should result in users “saving hours of repetitive and mundane work.” The trick now is getting enough customers to pay for it—while also not eroding Adobe’s profit margins, which are among the highest in software.”

Matt Abrahams: “Two structures work really well when you are trying to convince or influence somebody. One is intuitive. Many people have used it already. It’s simply problem-solution-benefit. If you’re trying to pitch something to someone, then you can frame the current situation as a problem. You offer your solution, and you explain the benefits of enacting your solution to address the problem. I can frame any issue in the problem-solution-benefit structure and get a pretty good result. There’s a second structure for immediate, imminent, short-form persuasion. It’s the what-if-you-could structure. Imagine you’re in an elevator and someone says, “Tell me about your product. Tell me about your service.” These four sentence starters could help when you don’t have a lot of time. If you finish each of these sentences, you have a really effective pitch. The first part, or the first step, is to think, “What if you could?” Follow up “What if you could?” with “so that.” “So that” invokes the relevance and the reason it is important. “For example” allows you to tell a quick story to reinforce the meaning. The last piece is “And that’s not all.” This lets you paint a picture of what’s possible in the future.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.