My brother taught me playing Cricket; he introduced me to my Football and Basketball club. I played and represented club and division. I achieved some good accolades in athletics. He was the one who abusively told me when I was in class 5th that let us see if you can pass mathematics of class 10th either. And to his surprise I improved so much that I could solve MSc Physics problems when I was in 12th. He was All India Ranked 16th in GATE and had many PhD offers. He plays flute, he is an artist acts in theaters too. Well, why am I writing all this? The reason is – My brother taught me “there is no substitute to hard work”. He is right he has proved it always. And I recalled the lesson when I saw the following on facebook.
One of my friends, Rahul Krishnan, recently said – every professor of operations management seem to be fascinated with Japan or Toyota. To this I said, perhaps 10 to 20 years down the line Japan would be replaced by China.
I started thinking – what is the reason? The reason seems to be – there is no substitute to hard work. Japan did this post World War II, China did in late 70’s to present. In 80’s manufacturing started following Japanese systems, and I think in next few years we will start looking at what does China do differently that it is so economic, so efficient and so competitive?Our professor of Macroeconomics Prof Mankad shared with us how economy changed and Japan became an economic power to reckon with, now it is China. The currency of Japan was undervalued, they became manufacturing super power and export experts. See China, the same is happening now once again – history is repeating itself. Perhaps it will repeat again when we move from TPS to CPS (Chinese Production System) in future. In fact many Japanese companies outsource their work to China. So it is time to learn what China is doing differently.
No doubt Japan is a nation of hardworking people and so is China. And I come back to the lesson – there is no substitute to hard work.