January 2002

Market is caught in a conundrum. More and more enterprises are resorting to trimming. But, just because there are more layoffs doesn’t mean there are fewer jobs. Leading-edge firms do hiring and firing simultaneously. Enterprises are racked by layoffs to stay competitive in the increasingly complex global market place. But, the corporate world is the collective interaction spun off by a trillion objects and living beings, linked through one thing, need. The corporates need skilled manpower to flourish and men need corporates to earn a living. While this is so, Performance is the most critical issue. It is measured in terms of progress toward specific business goals and also relates to how employees achieve the targeted results. As a result, every fact of the organisation - each work function and operation - must change its emphasis to performance. An enterprise, if it wants to be high performing, must make certain that it has the right people to get it there.

February 2002

FINGER ON THE PULSE

When we present something-be it a project, a work of art, or a performance-to the world, it is not only an effort to display our talents and abilities, but also to find out what the world thinks of it. The varied responses to our contributions, in terms of style, substance, presentation, etc., go a long way in improving the quality of the work. If our contributions are in their initial stages or are pilot projects, which have the requisite space and time to incorporate changes, then the varied responses that we receive act as important pointers towards improvement. Even if a finished product is exhibited or presented, the responses that we receive will ensure that the next product does not suffer from the same drawbacks.

March 2002

MANAGING MULTIPLE IDENTITIES

The Indian woman is entitled to a supreme place in her own realm of activity just as man has in his and it was to inspire confidence and extend support to her in her journey to reach this place that a Women Studies Cell was established at nisiet.The recent International Women’s Day celebration at nisiet was a glowing tribute to the perceptible change in the recognition of the rights and capabilities of women and their rightfully deserved place at par with men in society.

May 2002

Business Ethics - The elusive factor

Battered by scams the market yearns for a proactive regulator. The institutions and other large market agents should not be allowed to think that they could abrogate their fiduciary responsibilities to investors with little risk. The whole problem needs to be tackled through both precautionary and protective means.Business ethics is based on broad principles of integrity and fairness and focuses on internal stakeholder issues on one hand and public accountability on the other. Businesses must also do their part to promote good governance and human rights.

June 2002

Innovate or Perish

A nation’s ability to convert knowledge into wealth and social good through the process of innovation will determine its future. In this context, issues of generation, valuation, protection and exploitation of intellectual property (IP) are going to become critically important all over the world and specially significant to the SSI sector in India. The concept of intellectual property rights is inconsistent with the Indian mindset, which has always been governed by the ideas of collective knowledge and collective property.

July 2002

A Patent a Day or More

The recent WIPO Asian Regional Symposium on the Importance of Intellectual Property System for Hi-Tech Industries held during July 10—12, 2002, at Guangzhou in China was useful to me in more ways than one. For the first time, I realised how fast the rest of the world is moving in patenting their products. This symposium brought out the importance of investing in R&D, innovation, and patenting.

August 2002

In times of Tearing Transition

Rediscovering oneself in a turbid market situation and fluid times is not an exercise of choice but an imperative. Changes on the world canvas and national landscapes have driven organisations wild in search of the holy grail. Thinking fast and responding with alacrity is a virtue that one learns as one of the lessons of survival. As we are watching, many institutions have been buried in the sand storms of times and many are slicing down ruthlessly which is the order of the day and we have to live with that. The most critical challenge in these times is, how to survive in this turbulence by obtaining bottom-line results and at the same time to continue the pursuit of excellence for competitive advantage in today's global economy. Both are related but mutually exclusive challenges.

September 2002

Excellence

Excellence is a dream and can also be a reality. It is something that we admire not only in art, literature, and architecture, but also in other human endeavours like administration, management, business, research, sports, or any other profession for that matter. So long as it is perceived as an idealistic pursuit, it remains a dream as one tries relentlessly to draw closer to it. If one sees it as a professional reality and disregards the aura that surrounds it by deploying his/her entrepreneurial abilities, it is something which translates into action and becomes demonstrable. Without getting into a theoretical or an academic debate, one can say that both involve a learning process and a strong resolve to achieve.

October 2002

Spirit of Entrepreneurship

In recent years fostering entrepreneurship has become a high priority topic for public policy planners. This trend is due to the widespread realisation that business start-ups and SSIs are the driving force of economic growth and significant job creation. The SSI sector has deservedly acquired a prominent place in the socio-economic development of the country during the past four and half decades due to its resilience and dynamism. It has contributed to the overall growth of the GDP as well as in terms of employment generation and export.

November 2002

nisiet and Globalisation

nisiet is recognized world over as an efficient SME management institution. Our association and interaction with the world began in 1967 and has been flourishing ever since. Our efforts in the past few months have brought us to the threshold of becoming a focal point for exchange of information between SMEs in the country and developed countries. The strategic association with the developed world is based upon active co-operation between SMEs in the country and their counterparts abroad. This activity of participating and collaborating forms the basic building block for constructing the much-needed bridge with the rest of the world. nisiet is committed to providing the much needed support and guidance to SMEs and stand behind them by imparting critical thinking skills.

December 2002

People's participation and e-governance

e-governance or any governance has to first and foremost think of people as its ultimate beneficiaries. The process of demystifying and streamlining governance systems takes place with the primary objective of making these systems people-centric. India, which missed the industrial revolution, did not want to be caught unawares this time regarding the IT revolution. Both the government and the private sector have responded with alacrity to position India on the IT map of the world as a global super power.