Tag Archives: industry

BOOK TALK: WAS ARTHUR HAILEY ONE OF THE MOST VERSATILE STORYTELLER OF HIS TIMES?

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Khidki (Window)

–Read India Initiative—

This is only an attempt to create interest in reading. We may not get the time to read all the books in our lifetime. But such reviews, talk and synopsis will at least convey what the book is all about

    Wasn’t Brirish Canadian novelist Arthur Hailey one of the most prolific and versatile storytellers of his times? You bet he was. According to me he was one of the most talented writers who had an amazing eye for detailing which you’ll notice if you’ve read his novels.

        His plot driven storylines were set against the backdrop of various complex industries. His meticulously researched books which include his best sellers such as Hotel … wheels … money changers … overload have sold 170 million copies in 38 languages.

    Hailey would usually spend three years on a book. First he would dedicate a year on research. Then for six months he would review his notes and finally in the next 18 months he would write. His research was painstaking. To cite an example. He had read 27 books on the hotel industry before he wrote ‘Hotel.’ He spent months at a Detroit car plant before writing ‘Wheels.’ And he spent his time at the age of 67—with rebel guirellas in the jungles of Peru for his book ‘Evening News.’

    Hailey himself had few literary pretensions—he often said—I’m a storyteller and anything else is just incidental.

    But the short point that I want to make is something different. Was Hailey one of the most talented and versatile writers of his times? All the books that he wrote belonged to different industries. Mind you. You take a lifetime to imbibe knowledge and experiences of a particular industry which he did in three years and in that manner he was a genious. And he wasnt a student of any business school and so he didn’t have that business school instincts for any natural insights. He was a flight lietenant who had taken retirement.

    I will corrobaorate my point with the list of his diversified books as below:

  • FINAL DIAGNOSIS 1959- about medicine world
  • IN HIGH PLACES 1962- about politics and career of a Canadian Prime Minister
  • HOTEL 1965—about hotel industry
  • AIRPORT 1968—about running of airports
  • WHEELS 1971—about auto industry
  • MONEY CHANGERS 1975—politics inside a major bank
  • OVERLOAD 1979—about electricity production
  • STRONG MEDICINE 1984—about pharmaceutical industry
  • EVENING NEWS 1990—about media industry
  • DETECTIVE 1997—about a Miami police detective

    All his books were bestsellers and all pertained pertain to different industries and therefore writing them was no mean feat.

    Today, you find many established authors restricting themselves to a single theme or genre or at times even sequels. With that logic Arthur Hailey has written on a whole lot of themes and industry that are poles apart. So don’t you think he is the most versatile story teller of his times?

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By Kamlesh Tripathi

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https://kamleshsujata.wordpress.com

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Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases especially cancer. Should you wish to donate for the cause. The bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

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Our publications

GLOOM BEHIND THE SMILE

(The book is about a young cancer patient. Now archived in 7 prestigious libraries of the US, including, Harvard University and Library of Congress. It can also be accessed in MIT through Worldcat.org. Besides, it is also available for reading in Libraries and archives of Canada and Cancer Aid and Research Foundation Mumbai)  

ONE TO TANGO … RIA’S ODYSSEY

(Is a book on ‘singlehood’ about a Delhi girl now archived in Connemara Library, Chennai and Delhi Public Library, GOI, Ministry of Culture, Delhi)

AADAB LUCKNOW … FOND MEMORIES

(Is a fiction written around the great city of Nawabs—Lucknow. It describes Lucknow in great detail and also talks about its Hindu-Muslim amity. That happens to be its undying characteristic. The book was launched in Lucknow International Literary Festival of 2014)

REFRACTIONS … FROM THE PRISM OF GOD

(Co-published by Cankids–Kidscan, a pan India NGO and Shravan Charity Mission, that works for Child cancer in India. The book is endorsed by Ms Preetha Reddy, MD Apollo Hospitals Group. It was launched in Lucknow International Literary Festival 2016)

TYPICAL TALE OF AN INDIAN SALESMAN

(Is a story of an Indian salesman who is, humbly qualified. Yet he fights his ways through unceasing uncertainties to reach the top. A good read not only for salesmen. The book was launched on 10th February, 2018 in Gorakhpur Lit-Fest. Now available in Amazon, Flipkart and Onlinegatha

(ALL THE ABOVE TITLES ARE AVAILABLE FOR SALE IN AMAZON, FLIPKART AND OTHER ONLINE STORES OR YOU COULD EVEN WRITE TO US FOR A COPY)

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Only a skilled nation can create national wealth

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Analysis: 50% of the world’s wealth remains with 4-5 countries

    “National wealth” refers to the total value of wealth possessed by the citizens of a nation at a set point in time. That is, the total value of wealth and goods generated by all economic activity in a particular nation.

    It is also referred as the national (net) wealth, or the national net worth, or even the gross national wealth (GNW); summing up to the total national wealth and is the total sum value of wealth possessed by the citizens of a nation at any given point of time.

    This figure of national wealth is an important indicator of a nation’s ability to take on debt and sustain spending. It is influenced, not only by real estate prices, but also by the stock market, human resources, technological advancements which may create new assets or render other worthless. It is also steered by the national infrastructure and exchange rates. Remember, for value creation optimum skill levels are a must for any nation and therefore skill building is an important ingredient, required to augment national wealth.

    The most significant component by far among most developed nations is commonly reported as household net wealth or worth, and also reflects infrastructure investment. National wealth can fluctuate, as evidenced in the US data (to follow) following the financial crisis of 2008 and subsequent recovery.

    There are 196 countries in the world today. If we compare the national wealth figures of the first 30 major countries we will come across an interesting paradigm as below:

ANALYSIS … HOW CHINA FORGES AHEAD

  • The world’s wealth has grown from 117,225 billion USD in 2000 to 171,577 in 2005, up to 216,374 in 2010 and to 250,145 in 2015. This is a cumulative growth of 113% over the last 15 years and an average annual growth rate of 7.5%.
  • USA remains the richest in terms of national wealth and also a consistent performer since 2000 to 2015. In 2000 it had a national wealth of 42,941 billion USD which has grown to 85,901 billion USD in 2015. This is a cumulative growth of 100% over 15 years and an average annual growth rate of 6.67%.
  • The national wealth of the US in 2000 was 42,941 billion USD, a little more than the national wealth of Japan, UK, Germany, Italy and China, put together.
  • The national wealth of the US in 2005 was 59,664 billion USD, a little more than the national wealth of Japan, UK, France, Italy and Germany, put together.
  • The national wealth of the US in 2010 declined from 59,664 billion USD by 4.27% to 57114 on account of the economic crisis, but it still remained more than the combined national wealth of countries such as Japan, China and France, put together. China by 2010 had become a major skill development country and thereby started generating wealth. It would not be wrong to say that 50% of the wealth of the world is controlled by only four or five countries.
  • By 2015 the national wealth of the US had increased to 85,901 billion USD, a little more than the combined wealth of five economic super powers such as China, Japan, UK, France and Germany.
  • China’s policy of underscoring on skill development under the banner of human resources gave encouraging results when its national wealth from 4664 billion USD in 2000 went up to 8674 in 2005 and to 17505 in 2010 and finally to 22817 in 2015. And from 6th position in 2000 it has jumped to 2nd position in 2015 in terms of national wealth.
  • India on the contrary from 14th position out of 196 countries in 2000 jumped marginally to 12th position in 2005 and to 11th position in 2010, but slumped back to 14th position in 2015. Its national wealth was 1163 billion USD in 2000, 2142 billion USD in 2005, 3788 billion USD in 2010, and 3447 billion USD in 2015. It has cumulatively grown by 196% with an average growth rate of 13%. But it is not enough when we compare it with world standards and our political establishment needs to understand this. India requires wide spread skill development if it wants to grow its national wealth. A lesson we need to learn from China where there is no opposition when it comes to policies affecting national wealth.
  • 50% of the world’s wealth in the year 2000 was with super economic powers such as the USA, Japan and the UK. This changed somewhat in 2010 where 50% of the world’s wealth was held by the USA, Japan, UK and France, and this further changed in 2010 when 50% of the wealth of the world was held by USA, Japan, China (China replaced UK) and France. In 2015 the scenario further changed when China jumped to the second position next to the US leaving behind Japan to a close third.
  • Canada with 35 only million people has maintained a steady 8th position in the world. In 2000 it had a national wealth of 2,469 billion USD. This rose to 4277 in 2005, to 6212 in 2010 and finally to 6872 in 2015. Its cumulative growth in 15 years has been 178% with an average growth rate of 11.88%. But it has failed to take a quantum leap because it doesn’t have great reserve of skill bank which it is largely importing from other countries now. It also has a huge geographical territory and it remains to be seen how in times to come it will manage its huge assets with such a meagre population.
  • South Korea has turned into another industrial giant by lifting its skill levels. It rose from the 16th position where it had a national wealth of 1089 billion USD in 2000, to 2149 billion USD in 2005 at 11th spotBut it slumped back to 14th position in 2010 even when it increased its national wealth to 2791 billion USD. But in 2015 it jumped to 12th spot with a national wealth of 3545 billion USD.
  • Greece with its economic crisis, a typical example has crashed to the 30th spot in 2015 with 743 billion USD from the 23rd spot in 2000 with a national wealth of 493 billion USD.
  • Russia with the roots of once a super power has stagnated from 3150 in 2000 to 1284 USD billion in 2015 but has gone up notches from 30th to 23rd

    The point of essence—mere size of population doesn’t increase national wealth. One has to individually create it for the nation. And you can create, only if you have the skill. The US remains the leader in this field with a population of 310 million people which is less than one third of the population of India. Even Canada with only 35 million people generates more revenue than India. Prime Minister Narendra Modi is by far on track by underscoring on skill development in India.

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By Kamlesh Tripathi

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https://kamleshsujata.wordpress.com

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Share if you like it

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Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases. Should you wish to donate for the cause the bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

*

Our publications

GLOOM BEHIND THE SMILE

ONE TO TANGO … RIA’S ODYSSEY

AADAB LUCKNOW … FOND MEMORIES

REFRACTIONS … FROM THE PRISM OF GOD

(CAN BE BOUGHT FROM ON LINE BOOK STORES OR WRITE TO US FOR COPIES)

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IT party is over. Now’s the time to reinvent or die

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New Doc 62_1

India requires 12 million new jobs a year. But very few know where it’ll come from. This article “IT party is over. Now’s time to reinvent or die” by Ravi Venkatesan makes some valid points such as:

  • Automation can displace a third of all jobs within three years.
  • Infosys CEO aims at increasing revenue per employee by 50%
  • New technologies are destroying old jobs but creating many new ones
  • Whatever skills we have will largely be irrelevant in a decade and all qualifications have a shelf life
  • The future will not be kind to people who are not curious and no interest in reading and learning
  • Indian youth largely needs to move into an entrepreneurial drive when jobs are scarce

IT party is over. Now’s the time to reinvent or die

By invitation- Ravi Venkatesan

Former chairman- Microsoft India

TOI 31.5.15

India’s IT industry is unlikely to remain the amazing job engine that it has been. For the past two decades, the fastest way to increase your income has been to land a job with an IT company. The industry has provided a ticket to prosperity for millions of young Indians; children of security guards, drivers, peons and cooks catapulted themselves and their families firmly into the middle class in a single generation by landing a job in a BPO. Hundreds of engineering colleges mushroomed overnight churning out over a million graduates a year to feed the insatiable demand of India’s IT factories.

This party is coming to an end. A combination of slowing demand, rising competition and technological change means that companies will hire far fewer people. And this is not a temporary blip—this is the new normal. Wipro’s CEO has bravely admitted that automation can displace a third of all jobs within three years while Infosys CEO Sikka aims to increase revenue per employee by 50%. Even Nasscom, the chronically optimistic industry association, admits that companies will hire far fewer people. Not only will the lines of new graduates waiting for job offers grow rapidly longer every year, but so too will the lines of the newly unemployed as all companies focus more on utilization, employee productivity and performance. Employees doing tasks that can be automated, the armies of middle managers who supervise them and all those with mediocre performance reviews and without hot skills are living on borrowed time.

So what do you do if you are a member of these endangered species? What constitutes good career advice in these times? I’d say that the first thing is to embrace reality and recognize that the same has changed for good. The worst thing to do is be wishful and wait for the good times to return. They won’t. But there are still lots of opportunities. What’s happening in the industry is ‘creative destruction.’ New technologies are destroying old jobs but creating many new ones. There is an insatiable demand for developers of mobile and web applications. For data engineers and scientists. For cyber security expertise. So for anyone who is quick learner, anyone with real expertise, there will be abundant opportunities.

There has also never been a better time for anyone with an iota of entrepreneurial instinct. India is still a supply constrained economy and so there is room to start every kind of business: beauty parlour, bakery, catering, car-washing, mobile/ electronics repair, laundry, housekeeping, tailoring. For entrepreneurs with a social conscience, there is a massive need for social enterprises that deliver affordable healthcare, education and financial services. Not only are there abundant opportunities but startups are “in” and there is no shame at all in failure. The ranks of angel investors are swelling and it has never been so easy to get funded. There is even a website, www.deasra.in that provides step-by-step instructions to would-be entrepreneurs.

For those who prefer a good old fashioned job, there are abundant jobs in old economy companies which are struggling to find every kind of talent—accountants, manufacturing and service engineers, sales reps. Technology is enabling the emergence of a new sharing ‘sharing services’ such as Uber or Ola that enable lucrative self-employment; it is not uncommon to find cab drivers who make Rs 30,000-40,000 a month.

My main point should be clear. While India may have a big challenge overall in creating enough jobs for its youthful population, at the individual level there is no shortage of opportunities. The most important thing is a positive attitude. The IT boom was a tide that lifted all boats—even the most mediocre ones. However, this has bred an entitlement mentality and a lot of mediocrity. To prosper in the new world, two things will really matter. The first is the right attitude. This means a hunger to succeed. Being proactive in seeking opportunities, not waiting either till you are fired or for something to drop into your lap. A willingness to take risk and the tenacity to work hard and make something a success. Humility. Frugality. The second is the ability to try and learn new things. The rate of change in our world is astonishing; whatever skills we have will largely be irrelevant in a decade. People are also living much longer. So the ability to learn new things, develop new competencies and periodically reinvent ourselves is a crucial one. Sadly, too many of us have no curiosity and no interest and no interest in reading and learning. The future will not be kind to such people.

“The snake which cannot cast its skin has to die.” –Friedrich Nietzsche.

THE MENACE OF #LAL-BATTI #CULTURE … THE WAY OUT

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l2l1l3

A lot is being discussed about the menace of Lal-Batti (Red-Beacon) culture in India. I hear and see many suggestions on TV and newspapers. But largely those suggestions are of routine nature and may not be helpful. For now, only a paradigm shift will make the difference.  Therefore, to get rid of this menace we require some out-of-the-box thinking, and to that effect my suggestions are as follows:

  1. Stop manufacture of Lal-Battis for general market forthwith. These red-beacons should be manufactured only against specific orders, emanating from the Government of India, for constitutional posts, and as approved by GOI or the honourable Supreme Court of India. Treat it, as a dangerous commodity, such as sale of acid or even live cartridges.
  2. Honourable Supreme Court has approved of certain constitutional posts, where Lal-Batti can be used. Barring these no one else should be allowed to use Lal-Battis, and if anyone is found breaking the law he or she should be fined for a minimum of Re 1 lac, plus additional amounts for misdemeanor and dishonour of the honourable Supreme Court orders.
  3. Dismantle the entire fleet of government vehicles with red-beacons, which are only misused by Netas and Bureaucrats, barring few pool vehicles and vehicles for top dignitaries. For the rest, provide them with car loans, basis their salaries and entitlements. Also, provide them with fuel and maintenance allowance and even driver allowance like in private sector. This will save crores of hard earned tax payers money as Capex. It will help in eradicating corruption and will also root out the unnecessary evil of lal-Battis.

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CELEBRITIES, PLEASE DON’T JUST ENDORSE PRODUCTS FOR CASH STACKS ALONE- THINK OF THE CUSTOMER TOO

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    Product endorsement is a form of testimonial from someone, who indicates they like or approve of a product. Generally, product endorsements are solicited from people who are socially prominent. Friedman & Friedman defines a ‘celebrity endorser as an individual who is known by the public for his or her achievements in areas other than that of the product class endorsed.’

    Therefore, in that context, is it right for any celebrity to endorse a company’s product without proper due diligence, about its quality and customer satisfaction levels. In fact, customer satisfaction should be one of the basic criteria to decide, whether the celebrity should go ahead and endorse the product or not.

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    For, when a customer decides to buy a product. He does take into account the profile and aura of the celebrity, who is endorsing it and takes his ‘words’ to be the gospel truth. But why? We may ask. Reason is very simple. Because, the customer one way or the other equates the profile and personality of the celebrity, endorsing the product, with that of himself and the product and service, the company offers.

    Moreover, the customer ratifies the ‘trust’ by buying the product, that the celebrity creates around the product by endorsing it–Primarily in parameters of quality; and a brief description of ‘quality’ would be, ‘what is promised, is delivered.’

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BUT THERE ARE CERTAIN INDUSTRIES WHERE CAUTION IS REQUIRED BY CELEBRITIES

    For example Indian cricketer Mahendra Singh Dhoni is the brand ambassador of Amrapali group. A prominent builder of North India, and endorses almost all their housing projects. Film stars such as Rishi Kapoor and Neetu Kapoor (nee Neetu Singh) endorse flats and houses of Gaur sons and Shahrukh Khan for Mahagun.

    These celebrities, endorse projects of builders by appearing in full page newspaper and magazine advertisements, apart from bill board and fancy TV advertisements. To build that brand pull by charging a fortune–mostly in crores. But before accepting these endorsements, do they even check to their satisfaction about the myriads of customer complaints against these builders, in terms of projects not being completed on time, quality issues, overcharging, illegal construction, stopping of genuine refunds to customers and the list is but long. And, basis these endorsements, thousands and thousands of customers invest their hard earned and lifetime savings with these builders only to be left hapless most of the times.

SO IS THERE A WAY OUT?

    Just as the company undertakes a thorough due-diligence about the celebrity, in terms of his or her brand positioning against the product he is about to sign. The celebrity too should also undertake a thorough check of the company’s reputation and its customer satisfaction levels. Where, the advertising agency should provide all but relevant details to the product endorser. Maybe, the government can formulate a stringent law against such celebrities, who endorse false claims across industry, product and customer satisfaction levels.

    For, it will only be ethical on the part of these celebrities to make their additional millions, by not callously stamping on a common man’s dream, by endorsing any product, by any company. And, for such companies without any moral and ethics. It is imperative they revisit their mission and vision.

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By Kamlesh Tripathi

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                                                                    https://kamleshsujata.wordpress.com

*

Share if you like it

*

Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases. Should you wish to donate for the cause the bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

*

Our publications

GLOOM BEHIND THE SMILE

ONE TO TANGO … RIA’S ODYSSEY

AADAB LUCKNOW … FOND MEMORIES

REFRACTIONS … FROM THE PRISM OF GOD

(CAN BE BOUGHT FROM ON LINE BOOK STORES OR WRITE TO US FOR COPIES)

*****