breadcrumbs
India Top Important Business Essons Idea 2020
India Top Important Business Essons Idea 2020
have arrived in life And you can say I have had enough and to my mind this of a medical Establishment actually does more CSR than some of the biggest hospitals that I've ever seen because they do 2% CSR which is mandated by the government he does 50% CSR because he is realized that India Top Important Business Essons Idea 2020 he's had enough a lesson that very often in corporate India people learn after 25-30 years after getting cholesterol also all those kind of you know other perks of corporate life That's when they start realizing that they've had Now you might be wondering. I'm a former soldier and Why am I talking about India on ink and business and what's the correlation between? Being a soldier and talking about this and let me tell you the reason why? These 1 million young people who are going to come into the job market every month is India's one of the biggest strategic risks These raw energy which is coming into the markets and not finding jobs. You're all aware that while India Inc may be growing in in in in Sensex and in Nasdaq and several other metrics they're not creating jobs the Jobs are actually reducing what's happening because of automation it's happening because we need to be more competitive India Top Important Business Essons Idea 2020 artificial
India Top Important Business Essons Idea 2020 intelligence so many other technological changes and actually removing jobs Now if this raw energy which is coming in to the streets It's not channelized, and we don't
fight the right way to leverage it the right way to find them employment give them what they need Meet their aspiration then this Youth dividend that we keep talking about and you belong to it can actually start turning into a youth nightmare If we have to satisfy the 1 million Young job as aspirants who are coming into our streets every month GDP we'll have to grow literally at double digits, and we know that that's not gonna happen because of India ink So what do we need I? Believe we don't need two or three five thousand crore companies We don't need two or three unicorns what we need is five thousand two or three crore companies That's what and how can we do that how can we as citizens do that after all India Top Important Business Essons Idea 2020 many of us are young? most of you are young, and you don't have that kind of money, it's not like you can invest and fund But I propose to you that we can actually start a fund and that Fund is called a VC fund and what does that mean we see when you see and you don't have to? Give that fund in the form of money. You can give it in the form of sweat equity You can give it in the form of your passion in the form of your ideas in the form of your intellect and let me Give you some examples, which are actually working as we speak right now you see this Thatched Hut kind of a shop, and this is a shop on the way from Bombay to taro bar It's on the road thought of as a tiger reserve some of you might have heard of it, and this old woman sells What is arguably? One of the tastiest khakhras you will ever eat in your life Now she charges just fifteen rupees for this plate Until the group of youngsters like you had gone to third Oba Happened to mention to her that you know what you can charge close to thirty rupees for it because people from Bombay were travelling are Expecting to pay fifty twoIndia Top Important Business Essons Idea 2020 hundred rupees, and they'll be happy to pay it so you're not overcharging them You are actually under charging them And you can make it to 30 rupees and secondly you should have a board outside your shop which tells people What is available here, otherwise? How do they know and she looks up and she says I don't know what is the board? What is the board so then these kids actually drew a board on a piece of paper and? Gave that to her and the next time when they went there they found that the shack not only had this board and aIndia Top Important Business Essons Idea 2020
India Top Important Business Essons Idea 2020 mobile Number, but it also had a long line of cars outside and her business had not only quadrupled But her bottom line had also increased by eight times because she's also Doubled the price one idea one simple element that was implemented And this old woman had an orbit shift in her life Why can't we do this with all these people who are trying to have a fighting chance against these organized laundries organized? Industries organized bakeries organized food joints this local is-3 Val of yours what why can't we just go to them? Train them a little bit give them a little bit of capex so that they India Top Important Business Essons Idea 2020 have a twenty thousand rupee better iron Why can't we encourage them that we will give our clothes only to these marginalized people and give them a fighting chance I? Live in a place called Prabha Devi and and right in front of my house I see a very organised bakery there many of them, and you probably recognize which one This is and next to that is this old man who has been baking bread for 40 years The tag sign of the the modern bakery says we bake our own bread Suleiman Kaka has been doing it for 45 years. There is no big deal with that Now what does it take for us to give him patronage to go to him and ask him to? Service us instead of going and buying that bread from that industrialized sliced bread cutting machine Infrastructure from where it comes there are hundreds of examples India Top Important Business Essons Idea 2020 like that where we can actually take out our little bit of involvement our passion and make these miracles happen because I genuinely believe there are more miracles per square feet in India on ink and I want to give you a very very Very poignant example of that and you see in this picture This boy his name is Prathimesh The one whose face is circled now that image and Another boy called Jitu there were these two boys who used to be working in Mahindra and Mahindra And they used to work in Mahindra and Mahindra as office boys they were about 12th class pass and one of them had done his graduation from a night school They used to run about 5000 rupees a month Which is what office boys used to get in the year 2005? Which is where the story took place a b-school from Bombay bellacor you might have heard of it one of the one of the outstanding B schools of India They decided to do a very bored experiment they decided that we are going to pick two office boys Who are barely twelfth class pass and you know? they're the circumstances the financial India Top Important Business Essons Idea 2020 circumstances the the the environmental circumstances that they come from the exporter and all of that and They said we are going to put them in our college with 14 mentors. They selected 14 mentors from amongst the students and The tasks given to them mission given to them was you will take these two kids with you Through this two years MBA program, no punches will be poor. No subsidy will be given There'll be no letdown on the marks or the marking system because they don't have the privileged background It is your job to train them everything that they don't know teach them anything that they need to India Top Important Business Essons Idea 2020 know to Pass the MBA there to teach them ms word excel. They're there to teach them michael Porter's five forces in Wada Paau Language and The amazing thing is that not only these two kids graduate from that college They also in the merit list of the sixteen came eleventh and thirteenth which means that they beat their own mentor This is a picture which was taken in 2008 where you see them Standing with mr.. Anand Mahindra Now there are three very India Top Important Business Essons Idea 2020 important aspects that I want to tell you about this story The first aspect is when they were earning five thousand rupees a month and they were earning 60,000 rupees in annum they were not a customer for a bank they were not a
India Top Important Business Essons Idea 2020 customer for a automotive company they were not a customer for a housing loan They couldn't be but the moment they got their first job incidentally both of them
were placed in ICICI Bank Unfortunately Jitu is no longer with us. He died because of blood cancer but Prathimesh much went on to become Manager and their first starting salary was 6 lakhs so from 60,000 They went to 6 lakhs now. They became a customer for a bank. They became a customer for automotive company They became a customer for Mahindra and Mahindra the second important element of this story is If you go to the US UK or any one of the develop countries And you go to a McDonald's and you see the person behind the counter she India Top Important Business Essons Idea 2020 could be doing a PhD In India if a person is behind the counter chances are they'll remain behind the counter for the rest of their lives the counter may change they may go from a tapri to a Bigger one to a bigger one finally end up in a five-star hotel, but it will be on the other side of the counter These kids who used to serve tea to mr.. Anand Mahindra had tea with mr. Anand Mahindra the jump from this side of the tray to that side of the tray is the biggest jump in India in Any development? And The last point which I think is the most fascinating point is that when these two kids graduated? They not only paid back that 5,000 rupees stipend which was being given to them by the college India Top Important Business Essons Idea 2020 They had to give them a stipend because they were earning members of their family So they couldn't do an MBA if they couldn't take back 5,000 rupees a month Not only did they give that money back? But they actually gave money to fund that to more kids that ability of India running to appreciate someone else's grief and pull that person along with them is very very different from Corporate India where you edged out other people so that you can go to the top? it's a completely different philosophy and that is the philosophy that is needed in a nation where the Distribution of wealth is such you can read the latest reports close to fifty eight percent of our wealth is controlled by less than 1% of our population This kind ofIndia Top Important Business Essons Idea 2020
India Top Important Business Essons Idea 2020 iniquity in a developing nation in a young aspiring nation is not sustainable We can't continue to build these ghettos with high walls around it and fences over it and electrical CCTV cameras and and and smart cities. They are not going to solve the problem We have to stop thinking of building smart cities with smarts instead of that We have to start building cities with hearts and to do that we have to focus on India on ink This is Prathimesh today He works for a Tier one bank Here in Thani and he manages a fund of close to about one hundred and seventy crores And what was the cost of this project the cost was financially zero? No money was required be done because they've paid the money back the 14 mentors They also learnt a lot about they learned what really India Top Important Business Essons Idea 2020 happens on the street. How business is conducted What is the? How do people survive on less than two thousand three thousand rupees a month? how is that possible they learned that they learnt the market opportunities at the bottom of the pyramid, so it was a win-win-win-win-win for the entire stakeholders all the stakeholders who participated in this experiment, so What's the point? I'm trying to make with all of this? I think a lot of young people today and especially You lot and by the way all of you sitting away Anybody is sitting here in this auditorium belongs to point zero zero zero zero one percent of humanity you India Top Important Business Essons Idea 2020 won the lottery of life You're born and the Wright family had the right education got the right breaks And you are if you can understand this talk watching it on video Then you belong to that minority who can understand English who's got a mobile phone with you you you you understand what I'm saying We have a choice our choice Is that we can look at these sexy companies that are listed out there and be aspirational about joining them? And you will join them And you'll you maybe make a difference maybe make a difference in a large You know India Top Important Business Essons Idea 2020
India Top Important Business Essons Idea 2020 organization like that any effort that you put in It's so I have some friends or some you know interns who come up And tell me you see in this Microsoft Windows version 10 you see this icon I made this icon that says contribute on the other hand you can choose to actually work with India on Inc and There you will have to work directly with the CEO CTO CFO chief marketing officer is the same person by the way You will have to persuade that person to adopt your idea if that person adopts your idea you will see the success or failure of that in literally two to three weeks and the cost of your idea will be paid for by that person either with success or failure if he succeeds He doesn't orbit shift if he fails he goes to bed India Top Important Business Essons Idea 2020 hungry that night that is the Delta in which you are experimenting your intellect your education the the The potential that you think you have to be great managers great strategies great leaders. It must be first tried and Implemented in India an Inc because any idea that works in Indiana creates an orbit shift It takes a person who is in a certain economic strata lifts that person from that strata takes that person to a completely different strata Not only changes his life, but changes the life of his coming generations his children will go to a different school They will have different hygiene. They will stay in a different place, and that's the difference that you can make The way things are right now. I don't think it's a choice or a hobby. This is an existing issue in it unless we start focusing on India an ink to India Top Important Business Essons Idea 2020 start creating the job opportunities to start creating the Of the suction which will pull in some of this 1 million Young people who are coming in then we are looking at a serious exists tential crisis as far It comes to national security as far as it comes to national economy And definitely as far as it comes to having a equitable country. Thank you very much
watching this talk I'll be very happy if you leave your comments down below and please do Email. India Top Important Business Essons Idea 2020
fight the right way to leverage it the right way to find them employment give them what they need Meet their aspiration then this Youth dividend that we keep talking about and you belong to it can actually start turning into a youth nightmare If we have to satisfy the 1 million Young job as aspirants who are coming into our streets every month GDP we'll have to grow literally at double digits, and we know that that's not gonna happen because of India ink So what do we need I? Believe we don't need two or three five thousand crore companies We don't need two or three unicorns what we need is five thousand two or three crore companies That's what and how can we do that how can we as citizens do that after all India Top Important Business Essons Idea 2020 many of us are young? most of you are young, and you don't have that kind of money, it's not like you can invest and fund But I propose to you that we can actually start a fund and that Fund is called a VC fund and what does that mean we see when you see and you don't have to? Give that fund in the form of money. You can give it in the form of sweat equity You can give it in the form of your passion in the form of your ideas in the form of your intellect and let me Give you some examples, which are actually working as we speak right now you see this Thatched Hut kind of a shop, and this is a shop on the way from Bombay to taro bar It's on the road thought of as a tiger reserve some of you might have heard of it, and this old woman sells What is arguably? One of the tastiest khakhras you will ever eat in your life Now she charges just fifteen rupees for this plate Until the group of youngsters like you had gone to third Oba Happened to mention to her that you know what you can charge close to thirty rupees for it because people from Bombay were travelling are Expecting to pay fifty twoIndia Top Important Business Essons Idea 2020 hundred rupees, and they'll be happy to pay it so you're not overcharging them You are actually under charging them And you can make it to 30 rupees and secondly you should have a board outside your shop which tells people What is available here, otherwise? How do they know and she looks up and she says I don't know what is the board? What is the board so then these kids actually drew a board on a piece of paper and? Gave that to her and the next time when they went there they found that the shack not only had this board and aIndia Top Important Business Essons Idea 2020
were placed in ICICI Bank Unfortunately Jitu is no longer with us. He died because of blood cancer but Prathimesh much went on to become Manager and their first starting salary was 6 lakhs so from 60,000 They went to 6 lakhs now. They became a customer for a bank. They became a customer for automotive company They became a customer for Mahindra and Mahindra the second important element of this story is If you go to the US UK or any one of the develop countries And you go to a McDonald's and you see the person behind the counter she India Top Important Business Essons Idea 2020 could be doing a PhD In India if a person is behind the counter chances are they'll remain behind the counter for the rest of their lives the counter may change they may go from a tapri to a Bigger one to a bigger one finally end up in a five-star hotel, but it will be on the other side of the counter These kids who used to serve tea to mr.. Anand Mahindra had tea with mr. Anand Mahindra the jump from this side of the tray to that side of the tray is the biggest jump in India in Any development? And The last point which I think is the most fascinating point is that when these two kids graduated? They not only paid back that 5,000 rupees stipend which was being given to them by the college India Top Important Business Essons Idea 2020 They had to give them a stipend because they were earning members of their family So they couldn't do an MBA if they couldn't take back 5,000 rupees a month Not only did they give that money back? But they actually gave money to fund that to more kids that ability of India running to appreciate someone else's grief and pull that person along with them is very very different from Corporate India where you edged out other people so that you can go to the top? it's a completely different philosophy and that is the philosophy that is needed in a nation where the Distribution of wealth is such you can read the latest reports close to fifty eight percent of our wealth is controlled by less than 1% of our population This kind ofIndia Top Important Business Essons Idea 2020
watching this talk I'll be very happy if you leave your comments down below and please do Email. India Top Important Business Essons Idea 2020
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