TITLE

Advantage India

AUTHOR(S)
Seshasayee, R.
PUB. DATE
April 2007
SOURCE
Vikalpa: The Journal for Decision Makers;Apr-Jun2007, Vol. 32 Issue 2, p61
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
India has been on a world trip--all-pervading, ubiquitous, appropriately qualified to be in the global race. There has in fact emerged a tremendous opportunity for the country to be a potential winner in the big race. The question that arises now is how to turn this opportunity into a winning proposition. This is precisely the focus of this paper. The author identifies some of the current core competencies that can be leveraged to build India's future and help the country win the global race. It draws from some of the achiever nations' and company's examples and tries to formulate a success strategy for India. The key lies in strategizing for the future, designing the rules of the game--away from the confines of the current market, industry, and customer requirements towards defining the market space for dominating the future market. The author cites the example of Singapore--a small island that has grown enormously on the foundation of competitive infrastructure. Core competencies are considered the tools for positioning the country strategically so that it succeeds. Three core competencies are identified: → Power of youth → Power to gain knowledge → Power of enterprise. Power of youth gives the energy and the conviction to change and challenge the existing. Power of knowledge enables tapping of huge potential market through creative abilities. What is required is a hunger for knowledge in the relevant area and using the acquired knowledge creatively to produce market solutions. Finally, the highest value comes from an entrepreneurial perspective--what an individual does by way of entrepreneurial value addition makes a difference to him and to the organization competing in the industry. The entrepreneurial spirit in India is believed as being at a much higher level than many other countries including China. India is all ready to take risks and is thus going head on with its foreign direct investments without worrying about failures. And, it is this spirit that is unleashed to help the country in the game of winning.
ACCESSION #
25805471

 

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