Date: Friday , November 21, 2008
What has contributed to the phenomenal success of Asian Indians around the world in the last two decades of the century just gone by? Sheer intellectual and technical talent, fuelled by academic family values and superb higher education institutions. Latent entrepreneurial zeal, suppressed by two centuries of British rule and decades of socialistic ideals. Comfort in chaos -- in India, each of us grew up in such an atmosphere of striking contradictions, contrasts and confusions that survival and success in such times as we are witnessing in technology today comes naturally. A sense of community. Indians outside of their country have overcome their religious, caste and class barriers to bond with each and collaborate to create products, knowledge and wealth.
This success is truly remarkable. From founding companies that have defined their sectors and achieved superlative market valuations, to setting high professional and academic standards in companies and universities, this group has shown high survivability, adaptability, ambition and grit.
In the future though, the ballgame will change significantly. Top talent always moves to where the money is. Take the professionals in the technology sector, for instance: While there is a palpable shortage of qualified individuals, the number of people choosing a profession in IT are increasing rapidly. The entrepreneurial bug has now spread too far and wide - more and more professionals are quitting their well paying jobs to jump into the startup game, as clearly evidenced by the fast increasing rate of venture capital infusion.
In this changing climate, what is it that will enable this group to not only sustain their success rate, but take it even higher? The answer to this is not easy, but a few generalizations can be made.
There will need to be a renewed, deeper focus on work, technology, products and value, than on wealth, short-term gain and flash-in-the-pan success. Entrepreneurs will have to take a deeper look into the future to come up with ideas for launching a venture that has a chance to succeed. Successful teams will have to be talented, driven, creative and synergistic - those that can seize opportunities and turn them around into goals. We must reflect over our roots - they are what enabled us to get to where we are. An analysis of our individual and collective journeys will help us put into perspective our lives and how we got to where we are, how we can maintain or revive our individual drives, and learn from our mistakes.
Thank you for your great feedback and continued support.
All of us at siliconindia would like to wish you tremendous success in your life and plans in the new millennium. Peace, love and happiness!