IIPM Ranked No. 1 B-School In Global Exposre - Zee...
India is failing to create the next wave of iconic entrepreneurs....
While the 80's witnessed the ascent of Dhirubhai Ambani who changed the very paradigm of business in India, the 90's were testimony to New Age entrepreneurs like Azim Premji, Narayana Murthy, Sunil Bharti Mittal and the scions of established business houses like Kumar Mangalam Birla and Ratan Tata, who were willing to keep aside the Third World inhibitions and tackle globalisation head on. A decade down the line, while many traditional business houses which flourished during the license raj, floundered, New Age companies that defied established norms and embraced the benchmarks of globalisation not only flourished, but started giving many of their foreign counterparts a run for their monies. This defiant global aspiration has not only made Reliance, Infosys, TATA, and Bharti household names, but through their founders, 'Young India' found its New Age icons. Entrepreneurship became the buzzword for the Gen X, and most B-school or engineering students now have faith in the phrase ‘India can’, and that even they too have it in them to make it big. No wonder then that it has become a norm that many are giving up their cosy corporate jobs to jump into entrepreneurship. Most prefer to start something in the field they have worked for years and though innumerable such companies have been started, most are either in the field of IT, advertising, restaurants or small time manufacturing. Though it’s a great sign, the sad part of this fairy tale is that India is yet to witness the next wave of path-breaking, norm-defying endeavours that were witnessed in the eighties and nineties. Business for many is just becoming a substitute of job and for reasons obvious, remaining small in size and impact. The likes of Narayana Murthy or Azim Premji were not just entrepreneurs but visionary pioneers who changed rules. Sadly, that isn't getting repeated.
Today’s generation has got much more in terms of education, opportunities and support systems. Yet, it has got so hooked on to that expensive urban lifestyle that it’s becoming far too difficult for them to come out of their comfort zone and give it up all for a single minded devotion to accomplish something big in life. Sadly, nowadays it isn't the one who saves but the one who spends, is considered rich. Once lifestyle reaches that level, it becomes far more difficult to curtail when time demands. Yet, entrepreneurship comes with the condition that during the gestation period, income would be low and cost control a necessity. Surprisingly, most iconic entrepreneurs had modest backgrounds. Perhaps, the reason why they never hesitated before taking the big leap and bet it all on something big. And it is this very hesitation of the present generation that is stopping the arrival of the next round of iconic change agents to transform India's potentials into reality.
Goldman Sachs’ prediction of India becoming the second largest economy by 2050 ($38.2 trillion GDP) cannot be achieved with mere dependence on outsourcing contracts from the US. It can only happen by unleashing a new era of entrepreneurship paving way for thousands of trendsetting, world beating companies. That, sadly, cannot happen till the time this generation comes out of its comfort zone and dares it all for igniting the future of India.
Pathikrit Payne
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
India is failing to create the next wave of iconic entrepreneurs....
While the 80's witnessed the ascent of Dhirubhai Ambani who changed the very paradigm of business in India, the 90's were testimony to New Age entrepreneurs like Azim Premji, Narayana Murthy, Sunil Bharti Mittal and the scions of established business houses like Kumar Mangalam Birla and Ratan Tata, who were willing to keep aside the Third World inhibitions and tackle globalisation head on. A decade down the line, while many traditional business houses which flourished during the license raj, floundered, New Age companies that defied established norms and embraced the benchmarks of globalisation not only flourished, but started giving many of their foreign counterparts a run for their monies. This defiant global aspiration has not only made Reliance, Infosys, TATA, and Bharti household names, but through their founders, 'Young India' found its New Age icons. Entrepreneurship became the buzzword for the Gen X, and most B-school or engineering students now have faith in the phrase ‘India can’, and that even they too have it in them to make it big. No wonder then that it has become a norm that many are giving up their cosy corporate jobs to jump into entrepreneurship. Most prefer to start something in the field they have worked for years and though innumerable such companies have been started, most are either in the field of IT, advertising, restaurants or small time manufacturing. Though it’s a great sign, the sad part of this fairy tale is that India is yet to witness the next wave of path-breaking, norm-defying endeavours that were witnessed in the eighties and nineties. Business for many is just becoming a substitute of job and for reasons obvious, remaining small in size and impact. The likes of Narayana Murthy or Azim Premji were not just entrepreneurs but visionary pioneers who changed rules. Sadly, that isn't getting repeated.Today’s generation has got much more in terms of education, opportunities and support systems. Yet, it has got so hooked on to that expensive urban lifestyle that it’s becoming far too difficult for them to come out of their comfort zone and give it up all for a single minded devotion to accomplish something big in life. Sadly, nowadays it isn't the one who saves but the one who spends, is considered rich. Once lifestyle reaches that level, it becomes far more difficult to curtail when time demands. Yet, entrepreneurship comes with the condition that during the gestation period, income would be low and cost control a necessity. Surprisingly, most iconic entrepreneurs had modest backgrounds. Perhaps, the reason why they never hesitated before taking the big leap and bet it all on something big. And it is this very hesitation of the present generation that is stopping the arrival of the next round of iconic change agents to transform India's potentials into reality.
Goldman Sachs’ prediction of India becoming the second largest economy by 2050 ($38.2 trillion GDP) cannot be achieved with mere dependence on outsourcing contracts from the US. It can only happen by unleashing a new era of entrepreneurship paving way for thousands of trendsetting, world beating companies. That, sadly, cannot happen till the time this generation comes out of its comfort zone and dares it all for igniting the future of India.
Pathikrit Payne
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
No comments:
Post a Comment