Showing posts with label growth. Show all posts
Showing posts with label growth. Show all posts

Wednesday, August 11, 2010

Follow-up: More Facts About $35.00 Indian Tablet

A NDTV report with Indian Union Minister of HRD Mr.Kapil Sibal with a working prototype of the $35.00 Tablet computer.

Gadget Guru - NDTV LINK



See a video from a few other Indian Tech wizards from a company called AllGo Systems at Trade show in Florida, USA.

Saturday, July 24, 2010

Evaluating the $35 Indian Computer

After reading a comment by Ajay Vaishnav, from the Times of India about the low cost tablet computer developed in India and just announced this week, I could not help myself in responding to it. For his take on it, please click on his name.


Sometimes we become victims in the desire to create a perfect world, where we fail to realize that while things may not always be perfect there is usually an opportunity to make an incremental or even marginal difference which over a period of time will gather enough momentum to create a self sustaining cycle.

How else due you think India has become the back office of the world without having the necessary infrastructure to support it, in terms of human and other resources? If it was only about a quality vs. cost the mega-corporations would have found another place by now...wouldn't they?


Yes, there are large tracts of poverty and under developed infrastructure in the country, but there are also extremely large tracts of developed and affluent areas in India that would shame any progressive western economy. That development did not happen overnight by being transplanted from somewhere else, it gradually evolved due to small efforts over time that coalesced to create the current vibrant economy. You can see the opposite of that happening in the US with the minor, but steady erosion of the education system, the numbing down of the work-force, and decay of built up infrastructure with no investments being made to maintain or create anything of new or lasting value. Just as every business has a life-cycle, every nation has its glory days till things start to wane and then the cycle of re-building and creating new systems and values begins anew!


I’d like to mention that companies like Infosys, Wipro, TCS, etc. did not suddenly make a big splash on the world stage in the latter part of the '90s when personal computers and the internet started becoming ubiquitous first in the US then the world over. Yes, the general awareness of these organizations was greatly amplified, along-with the newly discovered capabilities of the Indian workforce. Those visionaries kept toiling away quietly without any hope of impending fame and fortune. Just imagine a group of engineers from India trying to convince C-level executives of large corporations in Europe and US to let them do their back office work and handle phone calls for them in India in the mid-'80's, when there was hardly a reliable telephone network or any other similar infrastructural network in the in the country to handle local calls let alone international calls and a regular uninterrupted supply of electricity, even in the so called developed metros. There was no way they could have met the agreed upon SLAs based on the available facts!



If they had looked at the reality of the situation they should have come to the conclusion that the situation was bleak and the hurdles insurmountable, so they should have given up on it...? Tenacity and the will to forge ahead in spite of formidable odds are what create larger than life inspirations and role models; while naysayers keep repeating the same old tales of doom and gloom, without thinking even once that they have the opportunity to do so because of the efforts of those that they are belittling! Had someone not have planted the tiny seeds of the technological revolution in India years ago I wonder how Ajay Vaishnav would have found a way to voice his reservations that can be heard the world over? I doubt he would have taken a megaphone in hand and marched the world over holding a placard in the other to let everyone know his thoughts... or maybe he would have.... When you're talking about the human spirit anything is possible!


The pilgrims that arrived on the shores of America over 300 years ago not only survived and prospered, they reinforced to individuals across the world the concept of what we now term the "American Dream". Like Alexander, the Vikings, or even the Britisher's before them (let's not get into the politics of it) they were pioneers. That same indomitable will and passion for innovation and continuous urge to better oneself and move on ahead is present in each and every one of us the world over.

Saturday, May 22, 2010

Business and Politics

Did you ever stop to consider that Business and Politics are almost identical! Except, that businesses have no multi-party system, which kind of makes business similar to the communist party where anyone can reach the top, but everyone has to toe the party line!- RaviD


The above has to the above ultimate irony for a capitalist business from an ideology point of view.

Some more nuggets -

Monopoly - Monarchy

Big Business - Oligarchy

Board of Directors - Senators / Congressmen / Member of Parliament

Chairman Emeritus - Queen of England / King of Spain / etc.

Institutional Shareholders - Power brokers

Individual Shareholders - Voters

Venture Capitalists - Lobbyists

Transnational Corporations - World Domination

Mergers and Acquisitions - European Union

Corporate De-merger - Dissolution of Czechoslovakia

Corporate Cartels - NATO


By the way did you notice there is no mention of democracy here. Democracy is about promoting equality which is a supposed need (disguised wants), business thrives when there is inequality, which promotes wants. So essentially in a thriving economy or business environment there is not need for a democracy...???!??!? Comments...?

Some more analogies -

Walmart - China

Conglomerates - Ex-Soviet Union

Google - India

GE - USA

Goldman Sachs - Switzerland

Microsoft - Japan

Exxon-Mobile - Saudi Arabia

SAP - Germany

Yahoo - England

Ask.com - France

Apple - Canada

Patent Trolls - Al Qaeda

Bear Stearns - Greece

Lehman Bros. - Iceland

Cisco - South Korea

NAFTA - United Nations

Wednesday, March 03, 2010

What does "Over-Qualified" mean for Today's Workers?

Yesterday, I asked a few HR and Recruiting related questions on the social networking site Linked In. I received a bunch of responses.

One a of the few that I found interesting was withdrawn for publishing by the respondent for some reason. However, since they responded to me I will publish the response in my blog for the benefit of everyone to review. I would love to give credit to the writer of this, however the person who actually penned the following statement does not want to have their views published or wishes to remain anonymous. Therefore, I am not identifying them, except to let everyone know that she is a Professional Career Coach with a Global HR Solutions provider.

Typically, "Over-Qualified" for a position in the US is used as a euphemisms for being "too-old" for the particular position or even company culture. Her take -

"I'll respond to being "overqualified." If you are 35 and spent the last 5 yrs in a managerial role and were not "hands-on" then apply for an individual contributor role with no management/supervisory responsibility, you are "overqualified." WHY? Most likely, no matter how much the applicant says they are "ok" not managing people, most likely they will not be a "fit" and will seek a better opportunity before the company sees it's ROI. The applicant isn't "old" but used to working in a different capacity than the job being offered.

Again, if an applicant has 10+ yrs of HR exp at the Dir and above level, they are OVERQUALIFIED to be the HR Assoc responsible for scheduling interviews, processing paperwork, and ordering lunches for the departmental meetings.

Are there cases when applicants may be discriminated against for age? Of course, but a good HR/Recruiter will look for fit and most often we know and have experienced the downside of hiring an overqualified person for a job. Only once in my career did it work and it was because the employee admittedly wanted a "place to hang out" until he retired in 2yrs."


Hope the above helps...

Seven Steps to a Rewarding Transitional Career - Getting Work in a Tough Economy

Sunday, August 26, 2007

Irrational Exuberance or Stupidity! Part - 2

Last week as I started to write about a - bubble of various sorts, forming across the entire gamut of the Indian economy the – sub-prime mortgage mess started to unravel in the US.

Media outlets and various financial organizations expressed shock and disbelief at the ramifications of the situation here in the US. It is interesting that none of them decided to interview the mastermind of the current fiscal mess his holiness - Mr. Alan Greenspan, under whose watchful eye the entire current sub-prime fiasco has it's genesis!

Yes, Mr.Greenspan is a very erudite and knowledgeable person; he is also the architect of this current mess. Mr.Greenspan had the knowledge and the tools at his disposal to prevent this situation in the sub-prime mortgage market as well as the deeper credit crunch that is making ripples across the globe. In fact if memory serves me and possibly other folks correctly this is not the first time Mr.Greenspan can be faulted for his acts of fiscal omissions - The Great Internet Bubble of the 20th Century also happened on his watch!

Now in India we have Prime Minister - Dr. Man Mohan Singh, who also is a very erudite fellow as well as an economist like Mr.Greenspan. Again if my memory serves me correctly the last time India as a country was almost at the doorstep of financial insolvency, this same Dr. Singh was at the head of the finance portfolio. Wonder if this is just a coincidence or fate as they say in India?

Lets look at some other interesting parallels.

Things that happened on Alan Greenspan's watch.

Black Monday 1987.

Internet pump and dump.

Beginning and end of Real-estate boom.

Super hot and sizzling economy, followed by busts and boom.

Overall decline in manufacturing economy!

Things that happened when Man Mohan Singh was lead Economic Advisor to PM, was FM, or PM himself.

India close to financial insolvency 1990.

Indian stock market pump and dump 1991/92.

Indian real-estate market becomes super hot.

Super hot and sizzling economy, followed by busts and boom.

Over all decline in manufacturing economy.

What happens next in India?

Every time I talk of the above scenario I am told to stop being a naysayer, and look at the rapid strides the service sector economy has made and the growth of employment etc. that will eventually create a trickle down effect that will uplift the Indian masses. Everyone tells me about the transition of global economies, from being agrarian to industrial manufacturing to eventually service driven.

TO WHICH I SAY CRAP! STOP THIS NONSENSE, FUELED BY PSEUDO-INTELLECTUAL DRIVEL!

SHOW ME ONE, ONLY ONE ECOMOMY THAT HAS SUSTAINED ITSELF ON A SERVICE ECONOMY WITH A GROWING POPULATION!

World War I & II saved the British Empire from being a footnote in history 50years ago. Japan has seen it's best days behind it. The Asian Tigers on the Pacific Rim are barely managing to keep their heads above water from the onslaught of the Chinese Tsunami. Countries on the African and South American continent barely register on any economic indicator or can hope to do so in the near future. Argentina and Brazil have never lived up to their potential despite the billions of dollars pumped into them in the past. Except for South Africa which has some economic activity the rest of the African continent it seems will be battling a human medical catastrophe.

Granted some of my predictions are a little extreme, but with a looming global recession, it would not take much for those predictions to come true!

Lets not forget about the nature of the Internet and electronic specialty service economy which moves at the speed of light is also susceptible to an equally rapid transformation into a commodity service that tends to flatten and remove various hierarchical barriers to entry for most service businesses. This not only reduces margins it automates and eliminates various functions that may have been essential earlier, and in turn may have been a source of wide scale employment.

The speed of the service economy is very rapid and by nature disruptive; it has a cannibalizing effect on general business and society as a whole. This is due to the constant search for greater economies of scale and optimization of efficiencies. We have witnessed this on a wide scale level during the dotcom meltdown. The same happens and has happened in an agrarian and industrialized economy, but at a much slower pace. When this reduction in economic activity does happen there is already enough ancillary business activity that has been created that it smoothes out the usual and periodic cyclical business and economic ups and downs.

My next post will touch on the immediate and near term ramifications of this service economy.

Sunday, August 19, 2007

Irrational Exuberance or Stupidity? Part - I

For an individual that has been closely associated with the two business sectors in the US - IT Enabled Services and Retail, that have or are about to take off in the Southeast Asia region, especially India I sometimes find myself having a feeling of deja vu when reading excerpts of the astounding economic growth happening there. I have used the terms ITES in the US context because just as in India they were part of the IT growth boom in the US also.

This sense of deja vu is not of the same optimistic kind promoted and shared by a lot of other evangelists of developing world growth patterns.

I rejoice at the phenomenal growth that has and is continuing to happen in India; however I keep waiting to see some measure of hardcore economic activity in the development of physical infrastructure take place. Even when any activity to shore up physical infrastructure has / does happen it is only in response to an ancillary investment in islands of economic boom in places where there is already an ITES infrastructure.

Let's not forget what the acronym ITES stands for - Information Technology Enabled Services, in the majority of cases this is nothing but once again a fancy term for low end backroom processing support work that has been offshored to India from the more developed nations.

Support activity can only happen if there is primary business activity to be supported, if we keep on creating and encouraging an environment where home grown physical industries are decimated and discouraged we will face the same consequences that the US is currently facing.

The home grown US economy is already frayed at the edges and is starting to tear apart due to the lack of regular investments in in the physical infrastructure for almost the last 30years. Let's not forget even the robust internet era of the 1990's in the US could not keep the economy going for long.

I understand all investments follow the money trail, but you cannot have isolated islands of economic prosperity and growth in a land of 1.2billion people, not have some kind of equitable balance being maintained without having nasty repercussions. We have seen the former USSR implode and explode over ten years ago, which had similar kind of isolated pockets of growth. Granted India does have a wider base of business, but we have already seen the erosion and extinction of numerous small scale businesses and industries all over India, especially in areas far from these Special Economic Zones - SEZs.

At the time when I was moving to the US in the early '90s, major trans-national consumer (hard and soft goods) corporations were making a beeline to India to capitalize on the spending power of the - emerging Indian middle class. Many of them lost their shirts in the ensuing years and some have barely managed to stay around profitably even after all these years. This despite all the years of boom activity.

There is risk in all activity, however when people lose sight of rationality in understanding and accepting risk, it is politely termed - Irrational Exuberance, or in layman terms - Stupidity!

The Indian stock market has been growing at a double digit rates for the past few years, the real-estate situation is even worse prices are going up in triple digits and the lay people are lapping it up in the name of growth, being led around by organized opportunists - like rats dancing to the tune of the Pied Piper!

My opinions may seem harsh to many, but I have my reasons and will elaborate on them going forward.

Sample of my musings on Linked In - 14

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Is attrition a "thing" of the new century? Why isn't anybody bothered about it?



“Attrition, it can be a blessing as well as a curse for both the employer & employee, has always been there & is not a new buzz word.

When organizations face a tough competitive landscape for cost control, attrition - albeit voluntary may provide an easy way to cut spending without having to incur additional costs related to separation. Depending on the employee that departs there may be associated repercussions, for example if a key employee that is part of a crucial project or team leaves then there may be more problems, however, if a relatively non-essential/under-performing employee departs it may be a blessing?

Attrition also keeps an organization vibrant a& dynamic by infusing new ideas & talent, the flip side is loss of employees with key talent & experience possibly to competitors exacerbating the situation further.

For organizations facing high attrition rates in any industry or geographical location it is symptomatic of problems such as -

*Highly skilled workers employed in basic entry level jobs.

*Depressed wages in a high demand industry.

*Stressful & high pressure work environment.

*Improper or lack of verification of candidate credentials.

*Poor internal company culture that contradicts the projected company vision.

*Last, but not the least poor HR practices - hiring, training, & orientation of new employees.

Of the above I would like to touch on the last 3 in more detail -

In my experience employees having a short history of tenure at earlier 'jobs' are unlikely to stay longer at any future opportunity.

2ndly, their short tenure at previous positions would seriously inhibit their ability to gain expertise for future positions.

The part about internal company culture vs. projected vision. I 'm sure almost all of us can vouch for knowing organizations embodying the above. Due a meteoric rise or an isolated blockbuster product/service companies starts to live in their own 'lala land' which has absolutely no co-relation to their work practices.

Lastly, due to internal organizational pressures the HR staff is out of the communication loop when parameters are being drawn up for the various requirements internal departments have for workforce selection.

I have come across situations where requirements are so vague that all you need is a - 'warm body with a pulse' or so exacting and stringent no matter where you look you may not find a qualified candidate. Once a consensus is reached on hiring a certain individual there hardly any proper follow up regarding training/orientation.

Per my observations almost 80% of new employees get a cursory walk through of organizational practices & objectives & then get thrown into a grind-mill. There is no communication with these employees from the HR staff who after hiring take a hands off approach. There is very little if any contact of new employees with their immediate supervisors except in work related meetings, where they are supposed to listen only. Till the time they get their formal review/appraisal at least 6 months if not a year down the road, new employees are 'MAYBE" given a benchmark of performance objectives they were supposed to have been performing against. Even so no rhyme or reason is given for a majority of the ratings that are handed out. Most companies have some kind of exit interview programs, but they are hardly utilized. In HR forums everyone agrees ‘Exit interviews’ are a powerful tool to reveal causes for attrition, however most either do not use them or even when they are used nothing is done with the results.

Going back to my point about internal communication of HR staff within the organization, they have an unenviable job if it is to be done right. Almost 90% of HR recruiters are generalists & people who are usually at the entry level position of most organizations yet we put the burden of screening and selecting potential future superstars for the organization on them. Would welcome more observations... ”

Sample of my musings on Linked In - 13

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What is the funniest human resources story you have????


“My comment does not pertain to any particular incident, but to the seemingly insane, moronic, as well as oxy-moronic questions that potential qualified candidates get asked during interviews, and the person asking feels that they are going to get a real and genuine answer.

Sometimes, when I have been asked such questions I have felt like giving the 'genuine' answer, but then good sense or rather - 'hypocrisy' has prevailed and I have kept my real answer to myself. There have been instances when the person sitting next to me has asked a potential candidate one of the questions and I have had to literally choke and chortle myself from blurting something on the verge of being censored!

My list (can always be added to) with the top questions in random order -

* What is your current compensation?

* What are your current compensation expectations?

* Why do you want to leave your existing job?

* Why do you want to work with our company?

* Can we contact your current & immediate boss?

* Where do you see yourself with our organization in the next 5 years?

* What do you rate as important in your life - money, family, career, or something else?

* Can you get along with your boss?

* What kind of boss would you like?

* Why do you think we should hire you?

* What would your boss say about you?

* Do you get along with people?

* Can you work 'overtime' to finish a crucial project, if needed?

The list not all inclusive, but just a sampling.

Here's one I was actually asked by one of the biggest MNCs in India, it went like this - (after 2 hours of a grueling 2nd interview) - ...we really like what you have to offer, we are the final decision makers with no further review and would be willing to make an offer on the spot, keep in mind we have people lined up to do almost anything to work for us (true). "Would you be willing to shave your facial hair? The culture of our company predicates that people with facial hair are perceived as being lazy and incompetent. Please take 15minutes to review and let us know your answer."

I heard the offer, their condition, and expectation of the response. Without even batting an eyelid I put my papers in my bag, got up, thanked them for their time and added " ... it was a shame that they did not review my application in detail earlier, as it would have spared everyone the trouble of wasting so much time, as my photograph (a requirement for the job application) was on it with facial hair, secondly nowhere in the job ad was there such a stipulation that one had to be clean shaved!...." I extended my hand for a handshake, but then just waved, turned around and walked out of the room.

Outside, I was stopped by an HR associate who came running upto to me and asked me to wait in another room for a minute. No sooner than I went in the 2 gentlemen who supposedly held my fate (job-wise) in their hands came into congratulate me on being selected to join their company. I was a little taken aback and asked what about the 'facial hair' they brushed it off as a "TEST" to see how susceptible I would be to various pressures in compromising my integrity!”

Sample of my musings on Linked In - 11

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What are the top 3 things that are critical for the success of your projects?


“My top 3 critical requirements for the success of any project - large or small are -

* - Clarity of Vision - CONSTANT FOCUS - through Communication, internal & external.

* - Commitment of Vision - OF ADEQUATE RESOUCES - internal & external.

* - Implementation of Vision, adhering to time-lines otherwise - ORGANIZATIONAL APATHY - sets in.”

Sample of my musings on Linked In - 10

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Google is a leading company on Internet, in the ads market, in video distribution services, mail services, map services, in networks and datacenters. They're everywhere, before everybody, how long do you think the others will survive ?



“Disruptive new offerings that would take peer to peer social networking technology and apply them to the CRM and ecommerce fields, making the marketing and sales of various services on a peer to peer targeted basis. This would eventually lead to greater and more diverse outsourcing of various services / functions by large corporations, as their scale would prevent them from entering this realm. These customized offerings could be monetized or be offered gratis depending on the provider of such services. The above could be achieved by advances in technology - hardware and software, which would come from the creation of the much anticipated and hyped ‘neural net P2P computing grid’ where each peer node would be a server and client simultaneously, thus doing away with the massive data centers that companies like GOOGLE have. Secondly, a lot of information being part of the public domain would be the base on which individual services would be built. Once again making the individual the master of their domain. I’m sure someone will point out privacy and security concerns; however I’m sure supporting technology would be available to filter and scrub the relevant personal information and yet make the information meaningful enough to others for various purposes. That’s my vision of the future…”

Sample of my musings on Linked In - 9

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Is 'BRIBING' the right thing to do to become really powerful?


“Was that a ‘real question’ or a ‘rhetorical question’ and what is the context of this question?

The reason I ask is to determine how to answer it, instead of giving an answer full of moral platitudes and ethical values.

Depending on where you are and what the business environment values are, a referral fee commission may be viewed as a ‘bribe’ in certain situations, whereas a ‘bribe’ in another environment may be business as usual somewhere else.

The second part of the question ‘ becoming powerful’ is an enigma in itself to the person asking the question. So without knowing the context of this query I guess all answers are moot…”

Sample of my musings on Linked In - 8

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How would you differentiate between skill, knowledge and competency ?


“Competency = basic / learned capability required gain knowledge and skills.

Knowledge = basic / advanced information required to perform certain functions.

Skills = the dexterity to required to perform those functions.

Expertise = Competency + Knowledge + Skills ”

Sample of my musings on Linked In - 6

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How Do I Introduce Western Style entrepreneurial skills Into countries like Malaysia, Russia, India, China, Philippines, etc.


“I am trying to understand the scope of your question/comment, based on some of the answers I'm even more confused. Are trying to provide a service to encourage entrepreneurial talent in these countries to use western marketing concepts within their own countries? If so, then you might as well take India off your list as there is no dearth of entrepreneurial skills or the knowledge of any proven marketing concept there. I would venture to go as far to say that business in India may offer concepts that are light years beyond what is currently being practiced in the west, not to mention they have been validated in their own markets. All this due to a thriving capitalist economy, despite strict government oversight. If you are trying to provide a service to assist businesses in these countries market their services and products in the west, then there may be opportunities. However, all that depends on your contacts, cost structure, and the services that you can provide. All of which is no different from any other business service - B2B, B2C, MLM, etc. ”

Sample of my musings on Linked In - 4

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How do you ask a former star employee to leave?



“Your question on "How to?" seems a little more in-depth than just a superficial question to a performance related situation.

You mention - - this person is emotionally attached to the company

- Why / How ? - is this person a former partner who is not happy with a new direction the organization may be going?

- Was this person promised / awarded with high rewards compared to initial baseline
expectations than what the company initially had? Now that that the business is maturing the expectations are different? So a change in star status????

- Since yours may still be a fledgling organization you may not have a formal HR setup and everyone maybe viewing themselves as having potential ownership of the company, though in reality there may be only one or two real owners.

- No matter where you are or what you do a - 'friend' is never perceived as a - 'boss' or 'mentor', so don't try to become a 'boss' now after being a 'friend'. You will usually be ignored at best and / or be viewed with antagonism and being arrogant otherwise.

My suggestion is to have a peer of your's have a formal heart to heart talk with this associate and plant a seed of separation on either a voluntary or involuntary basis. Sometimes even the office grapevine has it's uses in resolving such issues. This way if and when you finally discuss the separation issue directly it will not come as a surprise to this individual as then it would be viewed as inevitable since others in the work place knew of it also.

Lastly, I can't imagine having dead weight around as you imply is good for the company bottom-line, so also mention that the organization's finances cannot support operational inefficiencies therefore separation would be the most mutually beneficial option. Keep the discussion focussed on the organizational needs and expectations, do not delve into personal issues, habits, or behaviour as this would be counter-productive.

Be firm, but compassionate. Offer a personal recommendation to assist with new endevours if the person requests and keep it brief and business oriented. Hopefully, your friendship will survive this incident."

Sample of my musings on Linked In - 3

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Greed is good. But what’s better than greed?



“Having your CAKE and being ABLE TO EAT IT !

Greed is only a CONCEPT, a means to an end... THE CAKE !

If you never get the CAKE, and always keep running after it - You are labeled GREEDY !

Those that have are - CONTENT, those that don't have are - GREEDY !

CONTENTMENT IS BLISS !!!!!!!!!”


Sample of my musings on Linked In - 2

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Ralph Nader. Friend or Foe?


“Ralph... who???”