Human Resources

Mohammad Anas Wahaj | 11 jun 2016

Dr. Amantha Imber's new book, 'The Innovation Formula: The 14 Keys for Creating a Culture where Innovation Thrives', provides an authoritative curation of insights into innovation. Dr. Imber is an innovation psychologist and founder of Australian innovation consultancy Inventium. The book draws upon author's experiences, academic journals and research studies on innovation. It begins with an 'innovation culture audit' based on a survey of 28 questions, that will help assess an organisation's readiness and journey on the innovation path. The tips and case studies are classified into four levels or units of analysis: individual, teams, leadership and organization. These levels have a total of 14 key factors of innovation. (1) INDIVIDUAL LEVEL: CHALLENGE [Imagination breakthroughs (GE), Personal development hacks (Inventium)]; AUTONOMY [Design changes (Etsy, Vimeo)]; RECOGNITION [Innovation Awards (Intuit)]. (2) TEAM LEVEL: DEBATE [Voice of Youth (Infosys), Reverse mentoring (GE, Cisco, HP)], SUPPORTIVENESS ['Flat' teams (Mirvac]; COLLABORATION [Experts from other business units (Pfizer)]. (3) LEADER LEVEL: SUPERVISOR SUPPORT [Design thinking (Disney)]; SENIOR LEADER SUPPORT [CEO office hours (FourSquare), Customer Meetups (Etsy)]; RESOURCES [Hack Days (LinkedIn), Innovation Champions (Pfizer), Toolkits (Adobe, Nestle, CBA)]; GOAL CLARITY [Innovation KPIs (Mirvac)]. (4) ORGANIZATION LEVEL: RISK-TAKING [Annual failure report (EWB), Dare To Try awards (Tata, Pfizer)]; COHESION [Buddy Program (Buzz Products)]; PARTICIPATION [Hack Weeks (Etsy)]; PHYSICAL ENVIRONMENT [Central atrium (Circus Oz), Participatory office design (Mirvac)]. Dr. Imber cautions, 'Creating a culture won't happen overnight.' She sums up, 'Innovation is a learned skill.' Read on...

Your Story: The Innovation Formula - 14 tips for business creativity and growth
Author: Madanmohan Rao

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Mohammad Anas Wahaj | 31 may 2016

According to the latest Elsevier Report 2016, India's scientific publications grew 13.9% as against the global average of 4.1%. The study sifted through the publication output of researchers covered under Elsevier's Scopus database, that covers 60 million documents published in over 22000 journals, book series and conference proceeding by nearly 5000 publishers. It looked at the work of 366455 active researchers who are working with or are affiliated to Indian institutions. But this increase in publications hasn't made much impact on scientific progress or commercialization, considering their limited citation by other researchers. Prof. Anshul Kumar of Indian Institute of Technology (IIT) Delhi, explains, 'There is pressure to publish, but not much scrutiny of where papers are published. Since promotions are tied to the volume of output, academics feel the need to show published output, even if it is not in very well-known publications. Moreover, spending on research and development is low, and this further serves as an impediment to producing original research that has the potential to have a higher impact.' Prof. Nirmalya Bagchi from Administrative Staff College of India, points out, 'A paper has a high impact when it is published in a prestigious journal, and it is difficult for an unknown researcher to publish in such places. Prestigious Western journals prefer to publish research from highly-ranked institutes, and it is well-known that most such institutes are in the West. Thus, Indian scientists who move abroad to work with well-known institutes do not face such difficulties in publishing. It also helps that the research infrastructure is well-developed abroad.' India also have to ramp up its knowledge sharing i.e. increase number of citations in patent documents and collaboration between industry and academia. Read on...

Livemint: In Indian science and technology research, quantity trumps quality
Author: Ragini Bhuyan

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Mohammad Anas Wahaj | 20 may 2016

India's healthcare is an opportunity that has room for growth for all - public or private, for-profit or non-profit, foreign or domestic entities. According to the latest CII-KPMG report, Indian healthcare sector is estimated to reach US$ 160 billion in 2017, accounting for about 4.2% of GDP. It is further expected to grow to US$ 280 billion by 2020. India currently spends only 1.05% of GDP on public health. Over the years, governments have tried to develop policies and have taken steps to provide better healthcare for its citizens. But India's large size, huge population (1.25 billion) and ineffective implementation at various levels, has created lop sided infrastructure and uneven development in healthcare. While bigger towns and cities have developed state of the art healthcare facilities, the rural part has lagged behind on multiple counts. Inspite of all the challenges, India is taking a stride into the next phase of healthcare, riding on technological advances, new financial models and corporatization of hospitals. Timely provision of healthcare assistance is the key to save cost and save lives. Multipronged strategy is the need of the hour. Technology, skilled and trained medical professionals, substantial investment and effective execution of best practices will help India provide what the today's citizens expect from the growing economy. Read on...

ilmeps/read: India's Healthcare - Overcoming Challenges and Moving into the Future To Provide Better Health and Save Lives
Author: Mohammad Anas Wahaj

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Mohammad Anas Wahaj | 17 may 2016

India's educational institutions need to ramp up their focus on research and innovation, in addition to quality of teaching, to improve their global rankings and stand at par with world's leading institutions. According to Prof. C. Raj Kumar, Founding Vice Chancellor of O. P. Jindal Global University and Dean of Jindal Global Law School, 'The reason why Indian higher education institutions constantly fail to feature in the annual world university rankings is because we have failed to appreciate the inter-disciplinary approach in higher education. In India, the gross enrolment ratio is less than 20% and the aspiration is to increase this to 30-40% in the next decade or so. Also, there is a high level of distrust between the government and the providers of higher education. We have a lot to learn for institution-building and there is a need for emphasising 'Making of India' rather than Make in India.' He further suggests, 'Widening the reach of education in the country, promoting research and world-class training programmes for academic administrators are some key measures needed to create a sustainable future for the country and its citizens.' Read on...

The Hindu: 'Making of India' is more important
Author: Tabu Agarwal

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Mohammad Anas Wahaj | 08 may 2016

UK-India Social Enterprise Education Network (UKISEEN), a collaborative project between IIT Madras (India) and University of Southampton (UK), funded by British Council, was recently launched in India. Prof. Pathik Pathak, Director of Social Enterprise and founding director of Social Impact Lab at University of Southampton, explains his views on social entrepreneurship education and employment, aims and objectives of UKISEEN and how India is embracing social entrepreneurship. ON SOCIAL ENTREPRENEURSHIP: 'Fundamentally, it's about using entrepreneurship and innovation to drive social change. Social entrepreneurship is important because it gives students a unique skill-set...We think that social entrepreneurship is a catalyst for producing the graduates that the world needs. This is why so many universities in India have embraced social entrepreneurship.' ON UKISEEN: 'It involves universities collaborating to understand the best practices in social entrepreneurship education and exchanging ideas. There are two levels to the collaboration - at the faculty level and student level.' ON ROLE OF UNIVERSITIES: 'Employability is all about leadership now...universities' role includes more than merely educating students. Social entrepreneurship helps students inculcate innovation and creative skills. Fundamentally, it is about problem-solving, which is what leadership is all about as well. Besides, regardless of the profession you enter, you need to be entrepreneurial.' ON EMPLOYMENT OPPORTUNITIES: 'One can go and work in the social investment space...Another indirect way is that it gives them the skills to go into the workforce and become leaders.' Read on...

The Hindu: Leadership through entrepreneurship
Author: Sarthak Saraswat

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Mohammad Anas Wahaj | 05 may 2016

'Organization is as good as the people it hires,' says Anand Mahindra, Chairman and Managing Director of Mahindra Group. Mr. Mahindra has been with the business conglomerate for 34 years and led its growth into diverse industries, that include automobiles, aerospace, technology, farm equipment, hospitality etc. Talking about his methodology to hire the most able leaders, he says, 'A leader should know how to put himself/herself in someone else's shoes. You cannot be a good listener unless you are empathising with someone...When you empathize with the other person's point of view, you are able to hear it and integrate it. Once you can do that then you will inevitably be very curious, you will inevitably be a good listener who wants to get more information from others. This makes you a better people's person.' Such a person will be a constant learning machine, he adds. Another quality in business leaders that he is particular about is the ability to combine both right and left brain thinking, thus making them 'renaissance leaders'. According to him, 'Good leaders are people who know how to think visually, creatively and therefore are able to visualize different worlds...They are leaders who can survive in the volatile business world. They can join the dots, see disparate points of view, weigh them and then finally integrate them.' Read on...

The Economic Times: Two Qualities Anand Mahindra Looks for in a Business Leader
Author: Sneha Jha

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Mohammad Anas Wahaj | 03 may 2016

Vinod Khosla is one of the most visible face of PIO (Person of Indian Origin) entrepreneurship in Silicon Valley. He initiated his entrepreneurial journey in 1982 with Sun Microsystems, evolved into a top venture capitalist with Kleiner Perkins Caufield & Byers and now runs his own venture capital firm, Khosla Ventures, where he focuses on assisting entrepreneurs to build companies in the areas of energy, technology, internet, education, digital health etc. He shares 10 points from his accumulated wisdom for entrepreneurial success - (1) Be Persistent. (2) Keep Innovating. (3) Add Value. (4) Have The Guts To Follow Your Beliefs. (5) Try And Fail, But Don't Fail To Try. (6) Transcend What's Traditional. (7) Shake Things Up. (8) Build A Great Team. (9) Dare To Be Great. (10) Be Brutally Honest. Read on...

Inc42: 10 Keys To Success From Vinod Khosla, Self Made Billionaire And VC
Author: Meha Agarwal

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Mohammad Anas Wahaj | 30 apr 2016

India's demographic dividend will reap full benefit only when it successfully nurtures its young population through integrated actionable strategies related to skills development, job opportunities in diverse areas and creating entrepreneurship ecosystems. The latest Asia-Pacific Human Development Report points towards challenges that India faces regarding availability of employment to the increasing population. The report released by United Nations Development Programme (UNDP) said that between 1991 and 2013, the size of the 'working age' population increased by 300 million while only less than half (140 million) could get absorbed in the workforce, suggesting limited capacity of the Indian economy to generate jobs. The report estimated that by 2050, at least 280 million people will enter the job market in India. Moreover, according to India's Ministry of Labour & Employment data, an estimated 1 million people enter the workforce every month, while many others choose to study further. At any given point, around 30 million students are pursuing higher education in India. The UNDP report includes India into countries that have large low-income population, big agriculture sector and high rural-to-urban migration, and suggests that India can focus on specific industries, particularly in manufacturing, to create jobs considering that its manufacturing base is still small, contributing to only 15% of GDP and 11% of employment. According to Professor N. R. Bhanumurthy of National Institute of Public Finance and Policy, 'The creation of fewer jobs between 1991 and 2013 was largely because of the nature of growth the Indian economy experienced. It was mostly services-led growth with low employment intensity...The problem could be addressed if the government's effort to create more manufacturing jobs through programmes such as Make In India and Startup India fructifies.' India's large informal sector, which accounts for 84% of current jobs, adds to the workforce complexity and resulting challenges. The report suggests that measures need to be taken to tackle issues and concerns related to informal employment. The measures could include universal registration of workers; effective implementation of existing labour laws; formal binding guidelines for contracts between employers, recruiters and workers; reform and harmonization of major labour laws applicable to the industry; and reform of social security laws to allow more effective implementation. Read on...

Livemint: India to see severe shortage of jobs in the next 35 years
Author: Asit Ranjan Mishra

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Mohammad Anas Wahaj | 05 apr 2016

Globally, women entrepreneurs are trying to find their place in the male dominated bastions of the private enterprises. In some societies they get equal opportunities to work their ways to succeed but in some others they have to continuously struggle to survive, as they are ignored and their quest is hindered and restricted. Even though India provides sufficient support for women to make their mark in entrepreneurship, but the recent numbers released by India's Ministry of Statistics and Programme Implementation (MOSPI), paint a different picture. It should be a cause of worry as gender equity in all spheres is on India's inclusive agenda. Following are some highlights from the 'All India Report of Sixth Economic Census' by MOSPI on the state of women entrepreneurs - Women constitute only 13.76% (8.05 million) of the total entrepreneurs (58.5 million); Out of these entrepreneurs, 2.76 million women (34.3% of the total entrepreneurs) work in agriculture sector whereas 5.29 million females (65.7% of the total entrepreneurs) work in non-agricultural sectors; Among the states, the largest share in number of establishments under women entrepreneurship is of Tamil Nadu (13.51%) followed by Kerala (11.35%), Andhra Pradesh (10.56%), West Bengal (10.33%) and Maharashtra (8.25%); Average employment per establishment for women owned establishments is 1.67. Read on...

Governance Now: Fact sheet - Women entrepreneurs in India
Author: NA

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Mohammad Anas Wahaj | 19 mar 2016

India's healthcare sector is an opportunity with a room for diverse business models. According to a recent report by Government of India's Ministry of Health, it is estimated that the country would require 600000 to 700000 additional beds over the next five to six years, a potential opportunity of more than Rs 4000-5000 crores. In another report, United Nations Population Fund (UNFPA) research estimated that the number of people in India above 60 years of age will increase from 100 million in 2011 to 300 million by 2050. Dr. Anitha Arockiasamy, President of India Home Health Care Pvt. Ltd., explains the value of home-based care opportunity in India and how it can positively contribute to India's healthcare ecosystem by bridging the gaps in the health delivery mechanism. According to Dr. Arockiasamy, 'Recovery is a process that involves a great amount of care and nurturing. Be it recovering from a surgery, recuperating after a delivery or undergoing physiotherapy after any treatment, this period requires more care than medical assistance. The very thought of being discharged from the hospital and getting back home will start one's recovery process. Healing comfortably in your own home, under the supervision of your relatives as against being in a hospital, will boost the patients' morale to a huge extent.' She further adds, 'Geriatric care is an aspect that home healthcare players specialize in. Going beyond medical need, a lot of aged people look for simple assistance like accompanying them on a walk, spend time with them in light minded conversations, helping them with simple household chores, etc. A lot of home healthcare players go that extra mile to make the patient feel well taken care of.' Read on...

TechStory: Home Healthcare - The Next Big Thing In Healthcare Space In India!
Author: Anitha Arockiasamy

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