People ask me, what exactly is jugaad? Global management experts attribute India\’s rapid economic growth to jugaad. In a recent survey by the Legatum Institute, 81% of Indian businessmen said jugaad was the key reason for their success. Many years […]
Jugaad is our most precious resource Read More »
No less than 93% of Chinese businessmen say the main reason for their spectacular success is network connections (guangxi), especially with government officials. Indian businessmen, however, have succeeded despite the government: 81% say the main reason for their success is
Success despite govt, courtesy jugaad Read More »
What\’s desirable is often not practical. The National Solar Mission has set a target of 20,000 MW of solar electricity by 2020. This may be desirable, but at today\’s solar technology costs, it will be economic suicide. Remember that just
Expensive solar power can mean another Enron Read More »
The Reserve Bank of India is preparing a discussion paper on new banks. Meanwhile, SKS Microfinance, India’s largest microfinance institution (MFI), has just raised a whopping Rs 1,600 crore through a public offering. SKS and other MFIs could evolve into
Microfinance — the banks of the future? Read More »
Great disasters occur constantly. The Asian financial crisis blasted the miracle economies of Asia. The Great Recession of 2007-09 led to the bankruptcy/rescue of the five top investment banks on Wall Street, the biggest bank (Citibank), the biggest insurance company
Disasters sow seeds of success Read More »
Corporate social responsibility (CSR) has long been a hot topic globally. Prime Minister Manmohan Singh has lectured companies on it. Some corporations have won acclaim and awards for CSR. Two of them were BP, the oil giant, and Goldman Sachs,
CSR can cloak irresponsibility Read More »
Sonia Gandhi has approved the National Food Security Act. This aims to deliver 35 kg of grain per month at Rs 3 per kg to every family in the 200 poorest districts, extend this as feasible to other districts, and
Why grain traders will love Sonia Read More »
Two British committees, one Dutch committee and a US Senate committee have investigated Climategate — the disclosure from emails that scientists at the Climate Research Unit (CRU) of East Anglia University sought to withhold data from and sabotage research publications
Climategate: Beyond inquiry panels Read More »
The share price of British Petroleum, the fourth largest company in the world, has halved after causing the greatest environmental disaster in history. Its out-of-control Macondo well is spewing thousands of barrels of oil daily into the Gulf of Mexico,
RIL should bid to take over BP Read More »
For those who think the Great Recession is over, I have disturbing news. I asked a top Wall Street manager last week what the chances were of a full-blooded European financial crisis. He replied, “100 per cent.” In February, the
Europe could still suffer a meltdown Read More »
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