‘Tiger’ in the Woods: Trying my hand at Game of Golf

Tiger Woods was an American who turned a professional golfer at the age of 20 years. He won the 1997 Masters title in 12 strokes, a record breaking performance. I am not trying to be a Tiger in the Woods! I have thought of golf as a game of the leisurely rich. Then why am … Continue reading ‘Tiger’ in the Woods: Trying my hand at Game of Golf

Super 30: A story of discrimination and search for excellence

I watched the Hindi film Super 30 again. It is based on a true story of a mathematics teacher who runs an educational program for poor children. The film scrutinizes the ambition of parents and children in India to enter the top engineering schools known as the Indian Institute of Technology and the ethics of coaching centers.

Verghese Kurien: An Ode to Father of the White Revolution, India

An Ode to Dr. Verghese Kurien, The Milkman on India, on his 100th Birth Anniversary. Reposting.

Unni-Verse

Credit: Google, Google acknowledges the Milkman of India on his birth anniversary

Verghese Kurien (1921-2012) is considered the Father of the White Revolution in India. He is also known as the ‘Milkman of India’. He was responsible for moving India from a milk powder importing country to becoming self-sufficient in milk and milk products. He is credited with creating a series of institutions in Anand, a small town in the Western state of Gujarat, the AMUL Brand of milk products and its cooperative milk federation (GCMMF), the National Dairy Development Board to name a few. The Institute of Rural Management, Anand (IRMA) was one of the last institutions he built.

I joined IRMA in 2009 as the Reserve Bank of India (RBI) Chair Professor in Economics and became the Director of IRMA in 2011 for a full term till 2016. I met Dr. Verghese Kurien a couple of times during…

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What Makes Women Entrepreneurs?

In anticipation of the publication of our book ‘Women Entrepreneurs in the Indian Middle Class: Interdisciplicary Perspectives’ @OrientBlackSwan, I reblog a talk on innovation and entrepreneurship. According to Schumpeter, only innovation entrepreneurs are real entrepreneurs as they create a disequilibrium force. We argue in our book that there could be other reasons for entrepreneurship, especially among women. The economist’s definition of an entrepreneur as risk-taking, innovators looking for an opportunity, or that of the psychologist as high achievers may not suit most of these entrepreneurs. A key take away from the book was that “entrepreneurship can result from necessity as well as opportunity and women entrepreneurs pursue goals beyond economic gains”. Women’s decision to become an entrepreneur can be precipitated by both push and pull factors. It is not just ‘profit’ and attaining ‘scale’ that motivates a woman entrepreneur.

Unni-Verse

India currently faces a massive challenge of slowdown in growth and high levels of unemployment among youth, especially among the educated urban population. The formal labour market in India is saturated, unable to absorb the ever-increasing number of the labour force. Therefore, the role of small-medium enterprises in creating employment opportunities is vital for economic prosperity and social stability. Entrepreneurship is a crucial mode for utilizing youth power and generating employment that will in turn contribute to the economy’s growth and development, especially for those who aspire to be owners and employers rather than employees. Understanding the motivation and constraints faced by entrepreneurs is critical for designing and formulating appropriate policy initiatives. Encouragement of the ‘enterprise spirit’ or ‘animal spirit’ among young people is a precondition for success in employment, growth, competitiveness and innovation.

Woman Entrepreneur designing Blown Glass Bowls, London

I base this brief talk[1] on our book…

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