Business to the Buddha

Tag: super power

  • Leadership and education







    Election results of couple of Indian states are out and largely there are clear mandates in all states. So, there are not many permutations and combinations happening for forming governments. I was wondering about the elections, results and post results – five years. The long term thoughts (five years after results) were hampered by a news of rabble rousing activities in UP. Does the confidence of victory create so much defiance that people do not mind taking law in their hands or crossing the limits?

    This question lets me ask myself – what do we need? Politicians or leaders? Are politicians really leaders? I was thinking about this and on LinkedIn I read a question. IF YOU HAVE GOOD STRATEGY, DO YOU STILL NEED A LEADER?

    Can a good strategy create a leader or leaders can create effective strategies? My answer is leaders can create effective strategies. Also, I heard someone say – An army of sheep led by a lion are more to be feared than an army of lions led by a sheep.

    I was talking to Prof Ramanathan, he told me “…Pravin I see there is a lack of leadership at various levels, be it corporate or others…”

    The fact of the matter is the crisis is wide spread are we creating leaders? Are we creating excel, power point and ivory tower experts of solutions? When I read the book – I have a dream I realized that there are people who took initiatives, who rolled their sleeves and got down to work. There may be many more not covered in the book, yet how many of us have become leaders after studying at Ivy league?

    Recently, I met Prof Mankad, we discussed Greek crisis and the visible solutions to it. He made a good observation on the economic power of China that made me think – having and managing power requires a sense of responsibility and ability to be fair. This ability requires courage and confidence to say – ‘yes I erred’ when one did commit mistake. Does our education teach kids to have these qualities?

  • Next super power?







    Germany? Is that… few days back President Obama was in India, he supported India’s candidature for permanent seat in UN. Germany and Japan the other contenders raised their voices on that. Germany is one of the two elected countries to serve as member of Security Council for two-year terms that begin Jan 1. Germany is also the protagonist for Unified Europe e.g. European Union (EU). Germany is the strongest economy of EU. And the trouble starts here – Germany being the protagonist and the strongest economy faces challenge of saving the EU and the cost could be cases against Government of Germany. Reason? German people were promised two things –
    1. Euro would be as strong as Deutschemark
    2. There would be a “no bail out clause”

    These clauses seem to fail. Euro is struggling because of exposure to stupidity of investment banks and naivety of European countries for example Iceland. Next to show domino effect was Greece in first half of the year, Ireland now and perhaps –Spain, Portugal next to face economic doldrums. “With Great power comes great responsibility” said Uncle Parker [to Peter Parker – Spiderman]. Germany needs to understand it, they need to change their promises or the spiral of over exposure and unified economy [not only of EU but also the whole world] would eat half of our generation.

    Balancing this would make Germany either very strong worldwide or make it pauper.

    China, is that? According to the recent FT news by 2014 China would roughly touch 20% of world manufacturing production and has already equaled US. As I earlier wrote [reference Macroeconomics class of Prof Mankad] China is replicating Japan on many fronts and is doing it phenomenally well. China hold Treasury bonds of US in effect it can twist arms of USA any time. Yet it faces a few challenges –
    1. for a strong economy of China, US and other nations importing Chinese products should be economically strong or China needs to increase consumption of its produce in China itself
    2. growing % of population in old age e.g. less working population.

    There could be many ways to tackle this issue –
    1. Work Visas to people of different nationalities
    2. Automation
    3. A least unlikely one is mildness on communism to attract foreign nationals

    India, is it? Perhaps, yes! I may be biased yet the economic, demographic and intellectual capital it posses, this country seems the contender for coming 10-20 years. The secret lies in the leadership, current duo of Dr Singh and Mr Chidambaram is a good combination. However, India needs to be cautious building next leadership line is the need of the hour.

    Coming back to the troubles in EU, I strongly see a solution in applying TRIZ (the Theory of Inventive Problem Solving) for the situation. As far as the super power is concerned, only time will tell us who the super power is, I would bet on India and China, more on India ten years from now. Cast your vote…