The session was lively and racy. My notes from the session:
- I learned that there is thing like Upmarket
FDI. That's when India invests in developed countries.
- While companies are going global,
nations are becoming more border conscious.
- An interesting reflection about entrepreneurs. An entrepreneur have to deal
with ambiguity. If they cannot, they would be bureaucrats.
- We should not be too critical
about India. All countries have challenges. Nothing unique about India.
- In the context of effect of cultures in managing cross border organizations, one point of view was that footballers don't think of
cultural differences while playing in a club game. Why should we worry about cultures when
running a business? Focus on business goals and strategies to achieve them.
- Indians are the only managers
who think in English but act in Indian. We are very self aware
and can adapt easily.
- The younger generation doesn't
think about cultural differences much. This is the connected generation using social media.
- Unions are becoming obsolete
to protect rights of workers. Social media is a lot more powerful to
protect the interests of the workforce. Reputations can be destroyed in seconds on social media.
- Cash is plenty and human
capital scarce. HR is going to be central to business. Finest leaders will
be the ones who are people motivators.
- Corporations should act out of
their own will rather than being mandated, e.g. CSR mandate by govt.
- Why do people work for you?
Why do people go to temple or mosque on Sunday, spend money and feel
happy. And yet they feel troubled coming to office on Monday and get paid
for it. How can leaders build vision for something larger?
- Make managements appraisal
done by employees and make results public.
- We are moving into an age of
conscience in business.