— This article was originally posted in Youth Ki Awaaz, India
By Sourajit Aiyer
One advantage of being an Indian is that one gets to see multiple faiths and religions in close proximity. But the world of our religions often looks very distant from the world of our business.
Many perceive business to be pragmatic and religions to be emotional and that the two do not really intersect. But the texts of various religions actually have a lot of pragmatism, which has a lot to teach modern business management. Here are some of these teachings:
This article was originally published in InBusiness Dubai.
Start-ups interest me; I have been involved with one that my friend started. I helped him with his investor pitch documents and was part of a group of friends who provided him with bridge funding. When he had to raise working capital, I helped set up meetings for him with some venture funds and intermediaries.
Not just my friend, but I, too, have had invaluable learning. Discussions with my friend, his colleagues, investors and intermediaries helped me develop my own perspective on managing and, more importantly, measuring start-ups.
In case you are thinking of investing in a start-up, then you might want to check if the company you want to invest in is looking at these points:
It is fashionable to say that the government has no business to be in business. But this is easier said than done, as governments bearing the liabilities of ailing Public Sector Undertakings (PSUs) – essentially state-owned companies — may vouch.
State-owned companies have played a critical role in initiating their nations’ commercial capabilities post-independence, given the absence of private capital. But government patronage through bailouts, job-secured inefficient management and gaps between strategies and realities on the ground spelt doom.
The current economic slowdown in India is not just an aftereffect of the financial crisis of 2007. A lot is written of how China and India received only minor bruises from that crisis due to certain structural patterns in which they had opened up their economies in the last two decades. Conversely, many advanced economies caught a cold when America sneezed.