Human Resources

Mohammad Anas Wahaj | 21 sep 2014

Entrepreneurs need, in addition to never-give-up attitude, creativity, differentiating skill-sets etc, a sizeable amount of external resources at the right time to build their dreams into business realities and to grow them succesfully for their own and society's benefit. These resources can be valuable guidance and mentoring from experts, initial angel funding to accelerator and incubator support, and collaborations and partnerships with individuals and organizations. To pursue entrepreneurship in India, it is important to have awareness about organizations that facilitate and support entrepreneurial ideas and startups, so that one can explore and connect with them for the valuable assistance at the critical juncture of their existence. Some of these organizations are - Centre for Innovation, Incubation and Entrepreneurship (CIIE): One-stop-shop for funding, mentoring and enterprise connect; Entrepreneurship Development Institute of India (EDI): Provide world-class mentoring and guidance services; Indian Institute of Entrepreneurship (IIE): Focuses on development of micro, small and medium enterprises and, promotes and facilitates entrepreneurship, alongwith providing consultancy, advisory and training services; NASSCOM 10,000 Startups: The initiative of National Association of Software and Services Companies, is created with the aim to provide funding and enable entrepreneurs to start-up and grow their businesses. Read on...

Business Insider: Startup! Claim Your F.A.M.E. (Funding. Acceleration. Mentoring. Enterprise Connect)
Author: Richa Sharma

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Mohammad Anas Wahaj | 08 sep 2014

India can take advantage of its demographic dividend only when its younger population is provided right direction and opportunities. It is one of the countries with an acute talent crisis with even the educated youth having insufficient skills to be effectively absorbed in the job market. India lacks behind in STEM (Science, Technology, Engineering, Maths) investment, with only 0.88% of its GDP in science research while US (7-8%) & South Korea (3-4%) are way ahead. Former Director General of DRDO (Defence Research & Development Organization), Dr. Vijay Kumar Saraswat, last year mentioned that only 4 out of 1000 young students opt for science & technology or research as their future career as compared to 8 in China, 55 in the USA, 76 in Israel, 76 in Germany, 46 in Korea and 110 in Japan. According to a survey, by 2020 India is estimated to have a shortfall of 1.5 to 2.2 million engineers. To be a successful developed nation, India has to focus on a comprehensive program for STEM education. Moreover it has to encourage the spirit of creativity & innovation and promote students to also pursue true research. Intel Corporation is pursuing a program in a public-private partnership, Initiative for Research and Innovation in Science (IRIS), with Department of Science & Technology and CII (Confederation of Indian Industry) to popularize science and the spirit of innovation among students of Class 5-12. The program selects innovative students through project-based competition and then these students are mentored to represent India at a global platform, Intel ISEF, and showcase their projects to win awards and scholarships. India has to develop a mechanism where students who have shown creative and innovative abilities are nurtured within the current education system and encouraged & supported to build upon their ideas. More involvement of private sector is also required to promote STEM proficiency. Debjani Ghosh of Intel, the author of article, further mentions, 'We need to encourage project based learning and inquiry based interdisciplinary approaches in the classroom. Without the change happening at the basic level, STEM will remain a periphery for our students.' Read on...

DNA: India needs a literacy movement for science, technology, engineering and maths
Author: Debjani Ghosh

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Mohammad Anas Wahaj | 24 aug 2014

In a recent Development Dimensions International (DDI) survey of 13124 leaders, 1528 global human resource executives and 2031 organisations from 48 countries and 32 major industries, representing multinationals and local corporations, it was found that many countries including India has not seen much improvement in leadership quality. According to Andrew Warren Smith, MD of DDI India, 'The insufficient talent pool of capable leaders means that tomorrow's leaders may be no more ready to address business challenges than today's and will not have the supply of future leaders they will need to fuel growth, innovation, and execution of business objectives.' Read on...

The Economic Times: India Inc has not seen any improvement in leadership quality - Survey
Author: NA

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Mohammad Anas Wahaj | 22 jul 2014

In the recent ranking of 143 countries on the 2014 Global Innovation Index (GII), India slipped from 66 to 76. Three experts debate the reasons for this fall. Professor Deepa Mani of ISB identifies three issues - (1) Lack of proper measurement of different innovations that happen in Indian companies (2) Traditional organizations lack autonomy, flexibility and customer or business-oriented thinking (3) Access to risk capital, mentorship and linkages between academia, industry and government are required. According to Prof. Mani, 'For things to change, the government, academia and India Inc. all need to work together to encourage people to try new things and provide the risk capital and mentorship for such efforts.' Richard Rekhy, CEO of KPMG India, says, 'Only 1% or less of gross domestic product is being invested in innovation in India. Innovation has to be nurtured. A majority of India's weaknesses arise from the absence of an encouraging ecosystem that fuels innovation.' Moreover he suggests that for emerging market like India, disruptive innovations will be important to propel growth. According to Adil Malia, Head of HR at Essar Group, India as a society is very pattern-driven and slow in adopting new norms and this is the root cause of lack of innovation. He mentions three critical things that are responsible for the level of innovation in India today - (1) Lack of research in universities and institutions (2) Service nature of India's economy results in students getting focused on career-based and structured learning to get better jobs. They lack knowledge seeking approach to learning (3) Most companies, with the exception of pharma and life sciences don't spend much on innovation. He suggests that to foster innovation it has to begin at the student level. Read on...

Livemint: Indian companies' missing innovation DNA
Authors: Zahra Khan, P. R. Sanjai, Arundhati Ramanathan

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Mohammad Anas Wahaj | 20 may 2014

Ability is defined as the proficiency and skill that human beings possess to perform and fulfil their desired goals and objectives. Every individual has varied and diverse forms of abilities that provide them competences to succeed for their own personal progress and also to contribute for the development of humanity. Dr. Huzaifa Khorakiwala, CEO of Wockhardt Foundation, suggest 7 guidelines to recognize one's own abilities - (1) Identify strengths (2) Select a mission and goal that compliments strengths (3) Make it public (4) Have faith and belief in yourself (5) Work hard with passion (6) Develop knowledge, intelligence and skills that coincides and converges with the mission (7) Enjoy the process of self discovery and unearthing of real potential. Read on...

Speaking Tree: Ability is to have the skills to do something
Author: Huzaifa Khorakiwala

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Mohammad Anas Wahaj | 20 apr 2014

India's rich demographic dividend (50% of its population under 25 years and 65% under 35) has potential to transform it into a prosperous and developed nation if they move in the right direction with better knowledge and skills. While speaking at the ISB (Indian School of Business) Leadership Summit on the theme 'Attracting Talent to the Social Sector', Anand Kumar (Founder of Super 30) encouraged management graduates to participate in social sector and nation building. According to him they are better equipped with skills and training to make the required turnaround in the social sector. Read on...

The Times of India: Youth must work in social sector: Super 30 founder Anand Kumar
Author: NA

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Mohammad Anas Wahaj | 02 mar 2014

Social sector can be an effective learning environment for students as it prepares them to better understand the social realities and development issues that a developing country like India faces. Moreover it would also provide them opportunity to utilize their skills and contribute to improve the condition of the society that they are part of. In an interview Nachiket Mor provides his views on various aspects of his professional life and his recent transition to work in the social sector. According to him there is not much difference in his approach to contribute in either corporate or in social sector. He says that in a poor country like India any activity which is done with integrity whether in corporate sector or the social sector has the potential for a very large impact and cites an example of the transformative role that the telecommunications sector has played in India. He suggests - business graduates should work few years with social sector start-ups before joining established organizations; talented young people should consider social sector involvement as part of their mainstream career; future Indian CEOs should be more sensitive and well aware like for example Nitin Paranjpe. Read on...

Pagal Guy: A stint in the social sector can produce better CEOs - Nachiket Mor
Author: Sanjit Oberai

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Mohammad Anas Wahaj | 16 feb 2014

In the article, Udit Misra interviews Amartya Sen on his recently published book with Jean Dreze, 'An Uncertain Glory: India and Its Contradictions'. Amartya Sen mentions his views on the evolution of the democratic response to various issues, like corruption, crime against women etc. According to him, people by participating in protests demonstrated their concerns for fellow human beings while government's show of urgency in initiating the procedures to bring criminals to justice in response to the protests and agitation is a significant positive development. But there is a lot more that is to be done to protect the vulnerable and the poor in the Indian society. The other points he brought to notice include - his opposition to the Licence Raj; Left vs Right in the Indian politics while most people are neither of the two; importance of human capital with emphasis on education and healthcare; secularism and secular leadership mentioning the successful example of Lee Kwan Yew of Singapore; short-term approach of the government while dealing with economic growth and providing concession to businesses; insists on need for developing an educated and healthy workforce for sustainable economic development; different opinion on NREGA as compared to Jean Dreze and suggests more expenditure on education and skills development then expenditure on employment; favors Kerala's model of human development with substantial spending on education and healthcare over the years and as a result becoming one of the richest Indian state. Read on...

Forbes: Amartya Sen: 'You need an educated, healthy workforce to sustain economic development'
Author: Udit Misra

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Mohammad Anas Wahaj | 06 dec 2013

According to Dr. Madhav Deo, member of Academic Council of MCI (Medical Council of India), the estimated 90% of healthcare providers in rural India aren't even graduates. While mentioning the government's recent scheme to create mid-level rural healthcare professionals by providing a Bachelor of Science in Community Health, he also said that it will not completely solve the rural healthcare challenges and there has to be a nationwide debate regarding the condition of rural healthcare and solutions have to be evolved. India's healthcare direction seems to be similar to what US has gone through in 20th century, particularly regarding the state of healthcare education. This bleak period in US medical education history is often referred to as Pre-Flexner Era. Abraham Flexner, an educator, submitted a report regarding the condition of medical education in 1908, and provided the recommendations that became the blueprint defining the future of healthcare in US. It considered Johns Hopkins School of Medicine as the benchmark and model for medical schools in US and helped standardize medical education all across the country. India may not have to fully copy and adopt this model but it has to create its own ideal medical school considering local realities (AIIMS can be a model to follow) and standardize medical education in the country with strict norms and conditions keeping in mind the numerous challenges and issues that medical education and healthcare services delivery are currently facing in the country. Read on...

India.com: Is the government pushing medical education into the dark ages?
Author: Nirmalya Dutta

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Mohammad Anas Wahaj | 30 nov 2013

Indian economy can only benefit from its 'demographic dividend', with one of the largest youth population in coming years, when these youths have right education, required skills and available work. At present Indian job market is in a strange situation, with graduates unable to find suitable work while companies can't find candidates with required work skills. According to a report by FICCI (Federation of Indian Chambers of Commerce & Industry) and Ernst & Young India has less than 10000 vocational training institutes with a capacity of only 1.3 million. The government's skills development plan to provide skills training to 500 million people by 2022 in partnership with private sector is a policy initiative in the right direction. Read on...

BBC News: Training India: Is skills gap holding the economy back?
Author: Yogita Limaye

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