Every management school beginning from Harvard to IIMs have solved various cases right since US Great Depression in 1929 to the current economic crisis. These studies should in fact be a lantern for our future guidance. Looking into these case solutions some rules and regulations are made at a very strategic level which stands like a lighthouse for sailing ships without which they may hit some huge block as we've hit now. Our current status resembles that we are trying to save ourselves of a sinking ship. Some are on hopes that a rescue troop will be released to save them.
The current economic crisis has again proved a very conventional thought which says "History Repeats". Well! that is a different aspect, wherein the system has failed to implement those strategies. And don't forget that we are all a part of the same system. Very seldom it happens where strategies are made at simple implementation level. Once such good example is TATA Nano which was a dream turned thought, which has finally turned into action at implementation level. Well! there are many others who are still in their strategic level.
No doubt this economic crisis has educated lot of common to executive level people about the earthquakes or volcanic eruptions of the market. It has shown, how the epicenter of the quake has hit the surrounding areas. Well! It can leave only one lesson with us, that is we need to build a very strong foundation to withstand such disastrous quakes ahead. Any strong foundation needs a lot of thinking and innovation.
Yes, for a country like India, Innovation can be a strong foundation which could never be hit by any quakes. Very unfortunately our country inflows more budget into areas like military, nuclear weapons innovations which are just a mass of destruction. How can 1% budget allocation turn the entire revolution in India. We are recognized among cheap outsourcing resource available all over the world. So we are spending lot of our time in serving other countries turning off our own innovative lamps. Though Govt is doing good in terms of gaining votes by subsidizing farm loans, Janata sevas, etc; as majority of the votes comes from villages. But such packages create lot of imbalance in the system. It is not just one political party leading India should change, but it needs the entire phase shift. The system has to be re-engineered.
Coming to the talent pool in India, it is plenty in numbers getting generated. But the sad part of it is they are getting exported to top MNCs abroad every year. So, how the system has to change when there is no indigenous components to work in it.
Just think over it. People who are talented are working for others in other country and dumb people are leading the young talent of India which will again trap the new talent in the wrong system. Please take a wise decision in choosing one such talent who can lead other talents in the right system, follow the system and stabilize the system.
