Passion: The Entrepreneur's Wings to Success
Vivek Ranadive
Founder, CEO,
Tibco Software
Tibco Software
Staying ahead, staying focused
It may sound bold, but I have always believed and worked based on this belief that in five years 80 percent of my revenue will come from things I haven't yet invented. So, first challenge is 'am I innovating fast enough?', but that has been my history, if I look at my revenues now 70 percent of it is coming from things that I didn't have five years ago, and so I know in five years 70 – 80 percent of company's revenues will be coming from things that we are starting to invent now. And so, am I moving fast enough? Am I focusing sufficiently on innovation? Am I hiring the kind of people I need to facilitate that innovation? It is like the great hockey player Wayne Gretzky said, "I skate to where the puck is going to be, not where it has been," so I need to do all those things that is going to position me for that. That is probably the number one thought that occupies my mind. The next factor is am I moving fast and have I done enough things, have I been responsive to my customers’ needs not just today but what they will be in the future, and am I moving fast enough. It is important to stay paranoid to these factors to a great extent. Someone in a garage right now could be inventing a product that could be threatening to me.
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1:
This is brilliant. We Indians have got too used to scratching our own backs because of this cost arbitrage. America became what it is because of its industry, innovation and entrepreneurship .That's the difference between an original and a good copy.
Posted by:Sanjay Doshi
- 31 Jan, 2012
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