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- Shortage is the root cause of corruption.
- Civil Disobedience - Make govt small
- India gives opportunities to optimize tech
- Airline Industry booming in India tripled its passenger carrying capacity in 2 yrs, avg tariff fell by 3-times despite the rising petrol prices
- Scorpio and Indica are comparable to the best cars in the world in their price range
- With R & D driven initiatives, India is set to become leader in auto-components sector
- Growh in auto-component sector crossed 28 billion dollars last year, dreams to reach 1 trillion dollars revenue by 2020
- The world is flat but you ain't seen anything yet for the changes have not yet touched rural India Indian self-confidence is inferior to nobody else
- 300m urban India threatens the world...wait for the 700m rural India to catch-up
- 500k engineers graduate every yr from 1600 colleges - up from 25000 from 100 schools in 80s
- Major problem was fore-seen as uneven quality and resulted in reluctance to expand but it provided the human resource
- Politics is obstacle to growth
- 135m rural households 65m urban households - large market but only at the right price
- Urban avg Rs10,000pm and rural avg Rs3,000pm
- Practical, unique idea
- See opportunity where others don't
- 7Ms: Motivation, market, money, material, machinery, man-power, management
- An idea can change everybody's life, particularly yours!
- Attack a viable market
- Perceive yourself and act as a part of an organism that is your firm
- Network with other associates
- Vinod Khosla
- Frugality
- Just Do It
- Innovation: Add new value to a product or improve a process
- Technology is not everything
- Keep all the stake-holders' interests in mind
- Quickly adapt to stimuli
- See opportunity areas other than IT too : Food courts, food services to companies, textile, shopper's stop, CCD
- Let the organization be free from individualism
- Heterogeneous mixture of persons in terms of ability with homogeneous set of goals form a perfect team
- Harness experience
- Similar basic philosophy and ethics should guide a team
- Look for complementary capabilities in team-members
- The basic funda: Congruence of individual goals achieved while fulfilling a super-arching goal.
- Hire the skills your team lacks
- Stick to basic values of company e.g. no family person to be hired
- Business should be extendible, not a one-idea show but a platform for a series of new ideas
- Red-queen hypothesis
- Entry Barriers: Infrastructure, registration, bureaucracy
- Anti-corruption firms
- Adaptability
- Ethical or non-ethical tracks
- Credibility - Evidence of having done a lot of work
- Parameters: Better, faster, cheaper
- Quantify everything
