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10 critical changes that could solve India's government school reading crisis | India Today, 01 aug 2019
Is crowdfunding empowering education in India? | India Today, 01 aug 2019
Personalised Medicine: 3-D printed organs and Artificial Intelligence in healthcare | The Times of India, 01 aug 2019
India Is Only Major Asian Nation That's Growing Its Export Share | Bloomberg Quint, 01 aug 2019
Thumbs up for 'Digital India' | The Asian Age, 01 aug 2019
Indian campuses are expanding their global footprint | Hindustan Times, 31 jul 2019
79% CEOs see growth prospects for Indian economy in 2019: KPMG Report | Business Standard, 31 jul 2019
The implications of India's medical tourism industry | Observer Research Foundation, 30 jul 2019
Illegal path labs: India's open secret | Express Healthcare, 30 jul 2019
Farmers ageing, new generation disinterested: Who will grow our food? | Down To Earth, 24 jul 2019
Mohammad Anas Wahaj | 19 dec 2017
Family businesses are a substantial part of India's economic landscape with two-thirds of the listed corporates (with market cap above US$ 50 million) and contributing 79% to GDP. Presently, survival rate of family businesses from first to second generation is 30%, falling sharply to 12% and then just 3% after that. Family businesses have their own set of challenges and have to continuously evolve and stay competitive. According to Vishesh C. Chandiok of Grant Thornton India, 'Typically, family businesses go through three stages over the first three generations - entrepreneurship, sibling partnership and cousins confederation. Complexity of issues at each stage changes exponentially...Technology is disrupting old family business as also giving an opportunity to the family to rapidly build or own new-age business. It's more of an opportunity than a threat for Indian family business, if they can have a well organised family office that is separate from the main business.' Pranav Sayta of Ernst & Young says, 'Often, emotional ties come in the way of mature decision-making when handing over reins, and that impacts transition after the first generation is no more.' But it is not always the case as many owners have successfully diversified their businesses and others have brought in professional management to take them to further growth and progress. Nitin Atroley of KPMG says, 'A big challenge is maintaining the same momentum and scale.' Nikhil Prasad Ojha of Bain & Company says, 'It's important to imbibe the learnings of the founders' mentality to thrive.' While the nature of businesses is changing with more technology use, it's important for GeNext to know their 'roles and goals', says Mr. Chandiok. Mr. Atroley points out, 'This era calls for a higher risk-taking ability to deal with continuous disruption that industries are going through.' Mr. Ojha comments, 'The central challenge for the next generation is to become 'scale insurgent' in their industry. They must simultaneously capture the benefits of size and retain a strong sense of founders' mentality (that is, insurgency, frontline obsession and owner mindset).' Mr. Sayta believes family businesses have a much longer term vision compared to professionally-run businesses, which are under tremendous pressure to perform and deliver in the short term. He adds, 'There will definitely be room for family businesses, provided they adapt to changing times.' Read on...
The Economic Times:
How family-run businesses are evolving amid innovation and the startup invasion
Author: Shelley Singh
Mohammad Anas Wahaj | 13 dec 2017
Entrepreneurship as a thought process is to be inculcated at the very early stage among children. It is also essential to build an entrepreneurial ecosystem in India that brings all the elements together for entrepreneurship to thrive. In a recently held panel discussion in Hyderabad (India) on developing an entrepreneurial ecosystem, moderated by Ramesh Abhishek (Secretary at the Department of Industrial Policy and Promotion), Patricia G. Greene (Director of Women's Bureau, US Department of Labour) said, 'This effort should begin right from the pre-school days in children where teachers can drive kids to become future entrepreneurs.' Another panelist, Ravi Kailas (Chairman at Mytrah Energy) said, 'The ecosystem has a huge impact on creating different types of entrepreneurs...Innovative ideas and ventures will always bring in funds.' While Amit Ranbir Chandra (MD and India Head at Bain Capital) emphasised the need for domestic capital to address the requirements of entrepreneurs and less dependency on government funding. Read on...
Inculcate entrepreneurship spirit from 'pre-school days'
Author: G. Naga Sridhar
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