Shyamsunder Panchavati

Shyamsunder Panchavati
Linkedin now a follower of Shyam on twitter

Tuesday, July 25, 2017

Let us a start a "Naya Daur" all over again..07-26

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Union road transport and highways minister Nitin Gadkari said on Tuesday that driverless cars will not be allowed in India.

I have some suggestions on this.

I feel that, not only driverless cars, we should not allow cars itself in India.
...
Instead we should go back to bullock carts.

The Gorakshaks can then go and collect all the bulls from the beefys and donate it to the villagers. Making gorakshaks busy would also stop the beef lynching.

This will not only help the villagers own their transport, but they can come to metros and operate "BullockCabs' for transporting IT professionals and others. for mass transportation, we can have 'Bullock Buses' by employing more bullocks per vehicle (Just like multi horse carriages).

Anyhow IT companies are looking for cost optimization. This will be a great help to them. They can grow grass in the empty places as a fodder for the bullocks, and also contribute to the green environment.

We can eliminate pollution considerably by eliminating automation.

In fact, we should have a ministry of alternate transportation, headed by one of the babas, Since Baba Ramdev is busy making toothpastes and soaps, we can appoint Sakshi Maharaj to head this ministry. By giving him work,and keeping him busy, we can reduce his nuisance value.

I never even imagined that so many problems can be solved with just this one solution.
How come no one suggested such a great idea to the Modi government??????

P.S. I have nothing against Shri. Nitin Gadkari. He is a very honest and intelligent politician. He is from my place Nagpur.

As a president of BJP during 2010-2013. He built both the party and its reputation and created a mass base for the party, which Modi used for winning the 2014 election.

Monday, June 26, 2017

Udupi Sri Krishna Mutt organises Iftar party in temple premises 06-27

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Preaching peace and communal harmony, Udupi Sri Krishna Mutt organises Iftar party in temple premises


In a first in the long history of Udupi’s famous Sri Krishna Temple, Muslims broke their Ramzan fast in an Iftar organised at Annabrahma Dining Hall in the temple premises on Saturday. According to The News Minute, over 150 members of the Muslim community had participated in the ‘Souharda Upahara Koota’ (harmony breakfast meet) held in the temple.

On the menu were items like banana, apple, and watermelon. They were also served with cashew nuts along with ‘kashaya’ made of black pepper, at the dining hall. Vishwesha Tirtha Swami himself served the dates to the gathering and urged the members of different communities to live in peace and harmony.

“People from all religions must be tolerant and co-exist peacefully. Muslims have shown a lot of affection for me in Mangaluru, Kasaragod and Bhatkal. They have given their offering during the Paryaya festival,” the seer, who has been closely associated with Vishwa Hindu Parishad, said during the Iftar. He also specifically asked the coastal areas of Karnataka to be more peaceful and set an example of tolerance for the state. He reiterated that “all of us are children of the same creator.”





The members from Muslim community performed namaz on the second floor of the building with the help of Maulana Innayatullah. (Source: The News Minute) 

Maulana Innayatullah, Imam of Anjuman Masjid was present on the second floor of the dining hall building and guided the members to perform namaz after breaking the fast.

MA Gafoor, the Khateeb of Anjuman Masjid and also the chairman of the Karnataka Minorities Development Corporation said that the message of peace, which began in Udupi, must be spread throughout the world as reported by The News Minute. “The Iftar koota and offering of namaz at a temple is a historic decision and a great sign of communal harmony shown by the Pejawar Mutt,” MA Gafoor said.

The event was mooted by Vishwesha Tirtha Swami of Paryaya Pejawar Mutt, who is presently in his fifth Paryaya, The Hindu reported.
 

Thursday, June 22, 2017

Presidential Elections India 2017

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Presidential Elections 2017


We have two excellent candidates this time for the position of the President of India. Either of them will make a very good President. 

We already know, who is going to win. ...

Even promotion and campaigning is not needed as the members forming the voters in the electoral college will anyway blindly vote as per their party instructions. I really doubt if these voters know anything about the candidates credibility and credentials other than their being Dalits. 

Both the political parties, the Congress and the BJP are projecting their being Dalit as the only qualification for them, which is wrong.

One has been a great lawyer, member of the parliament and a governor. 

The other has been a successful career diplomat, a member of the parliament, minister and speaker of the Lok Sabha. 

Their caste, which is just incidental, is being promoted and projected as their main virtue. When Pranab Mukerjee was selected as presidential candidate, no one said he is a Brahmin. Being a 'Chatur Brahmin', it seems a liability to be hidden. 

By selecting a Dalit as a candidate, both the political parties are giving an impression as if they giving alms to beggars (if not throwing crumbs.) 

Dalits are not beggars.....

In case they are so worried about the Dalits, Why have they not made Dalit as a Prime Minister???? 

Are there no Dalits in the elected MPs in both parties, who are capable of handling this position???

The concern of both parties for Dalits is both opportunistic and self serving and it is for display only.

It is time people of India create third political dispensation that can treat Dalits as normal human beings and create situation, where the Brahmins do not have to hide their caste, And Dalits do not have to display their caste. or a political thought process that doesn't promote caste labels. 

CASTE PROFILING IS THE WORST KIND OF CORRUPTION ANY POLITICAL PARTY CAN INDULGE IN.... HOW CAN CALL THIS PARTY CORRUPTION FREE...

Quite naturally, your views are required to keep this discussion inflamed. 


Friday, June 16, 2017

Job posting frauds, jobseeker woes, The database sale????

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IF YOU ARE AN HONEST RECRUITER WITH SINCERITY OF PURPOSE AND HONEST TO YOUR PROFESSION, THIS ARTICLE IS NOT ABOUT YOU. BUT I KNOW EVEN YOUWILL AGREE, THAT DISHOENST RECRUITERS ALSO EXIST.


Image credit : Shyam's Imagination Library


On LinkedIn, updates....



Recruiters, job Ads, the applicant’s complaint that there is no response/acknowledgement, or lies from them, or not lifting the phone. 

Why this sudden spurt in job advertisements??? 

What happens with the Data collected?


Motives, Seen/Unseen, Ulterior/Bonafide.

There are many ways your profile is used.

SOMETIMES IT IS EVEN USED TO GET YOU A JOB.....


The main reason for this spurt is the value for the database. A recruiter having large volume gets good value from the organizations. And the one having high value data base is adored by the organizations.


Second angle :  The recruiters take money from a jobseeker and while presenting his profile to the HR also present 25 to 30 (or more) other less attributed ones. These are from the database they collect from sources like LinkedIn updates. The HR obviously gets a large data base to select from. In all fairness the HR selects the best among the available. No guessing needed to know, who gets the job.



Third angle:  

When a recruiter makes a business call on an organization, the first thing the HR asks is the available data base for the available positions in the organization. He proudly presents the huge data base with him and the recruiter is hired as official recruiter for the organization.  He gets a nominal retainer and gets money, whenever he provides candidates for the vacant position. The payment is about one percent or half percent or one month salary, depending on the position and the salary package and has to provide alternative candidates in case people leave earlier than the stipulated time. 

Fourth and unfortunate angle:

This data base is sold on demography basis to the Insurance companies, Real Estate companies, mobile companies, Finance companies marketing shares, mutual funds and fixed deposits. Loans, mortgage, and credit cards.  

There are many start-up service providers, super markets, online stores who buy this data, send you a mail offering a promo code that gives a huge discount for a product or service. They make you register you email id, include you legally in their database, and send promo mails regularly.

Fifth angle:

You now have a new breed of professionals who do the profile whetting or profile check for people. These people buy large databases or sometimes these people write to these recruiters for the details including the addresses and phone numbers of the specified people. They search such people on social media platforms like Facebook, LinkedIn, Whats App, Google+ and others. They become your contacts and mail you a fake job requirement and when they get the data, they hand it over to the profile whetting professionals. Sometimes private recovering agencies working on behalf of banks also get the details of the defaulters. It is heard that some people working for the gas companies are selling city wise Adhar card details bank details to these agencies.

How to discern between good and bad.

It is bad........  
When the compensation package looks too good to be true. (It is actually not True)
When you get a job offer through email, where the job requirements are an exact match of your qualifications and experience.
When someone says that you are shortlisted directly for the final interview and asks you to send a CV with detailed address mobile and landline numbers, alternate contact numbers.
When you have not contacted them, still you receive a communication that they have seen you profile somewhere and shortlisted you for an interview.


Then what is safe?

The safest is when you apply

Through organization’s website

Through reputed recruiter’s website

To the jobs directly posted by the organizations

Sometimes, an employee from the concerned department asks you to directly apply to his personal email id. He forwards your profile with his reference to the HR, and the one selected from the list is considered his reference candidate. He gets a commission, once the candidate completes a certain period of time with the organization. Sometimes the purpose to get relevant candidates for the job. Most of times these are genuine honest and safe.  

In conclusion, I would like to state that not all recruiters are fraud. There are good recruiters doing extraordinary work. You need to discern between the good and the bad. Please visit their websites. The good one will definitely have one. See their work, view their client list. See the people behind it their qualifications, work experience, and the type of organizations they have been associated with. And send the profile to the trustworthy ones only. It does not take more than half hour to verify a recruiters. 

If you find this article useful, please share this with your friends’ followers, and fellow jobseekers. You can also help me in improving the article by sending your inputs on this subjects via comments. 



Best Wishes,

Shyam




Saturday, June 3, 2017

AI and me 06-04

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Damodar Padhi,

A good and valid viewpoint. I liked it.

But before we dwell too much into what AI can do or not do, We should think of the inverse of that. 

IS ARTIFICIAL INTELLIGENCE MAKING HUMAN BEINGS LESS EMOTIONAL TOWARDS THEIR OWN FAMILY MEMBERS. BEING WITH COMPUTERS, ARE WE BECOMING EMOTIONLESS, FEELINGS LESS, EMPATHY LESS. 

The money present generation is earning can take care of all the physical needs, healthcare needs, They also try to buy solace for family members wherever possible spending money. The present generation does have some quantity of dispensable money.

Will there be a situation in distant future, where machines running on Artificial Intelligence will develop emotional feelings and empathy towards human beings and machines, and Human Being will become machine like, where they fix a scheduled time for pouring love and affection on their ones. And at other times, they may say,

"SORRY YOU ARE OUT OF SCHEDULE, LOVE IS NOT SCHEDULED AT THIS TIME". 

The first development (where machines develop emotions) is good. The second, 

well you people know it better than me.

Friday, June 2, 2017

Understanding Machine Learning 06-02

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Whenever there is evolution in technology and science, There is a natural evolution in the human thought process. This results in transition from one plane to the next one. Every improvement in automation makes the human being more and more dependent on the machines. Since ages human being has learned from machines. 

And now......

The machines have become so intelligent, that they have  started learning and themselves.  Based on their have become more discerning and precision freaks. This process of machines learnng and improving their performance is known as Machine Learning.

The term machine learning refers to the automated detection of meaningful patterns in data. In the past couple of decades it has become a common tool in almost any task that requires information extraction from large data sets. We are surrounded by a machine learning based technology: search engines learn how to bring us the best results (while placing profitable ads), anti-spam software learns to filter our email messages, and credit card transactions are secured by a software that learns how to detect frauds. Digital cameras learn to detect faces and intelligent personal assistance applications on smart-phones learn to recognize voice commands. Cars are equipped with accident prevention systems that are built using machine learning algorithms.

Machine learning is also widely used in scientific applications such as bioinformatics, medicine, and astronomy. One common feature of all of these applications is that, in contrast to more traditional uses of computers, in these cases, due to the complexity of the patterns that need to be detected, a human programmer cannot provide an explicit, finedetailed specification of how such tasks should be executed. Taking example from intelligent beings, many of our skills are acquired or refined through learning from our experience (rather than following explicit instructions given to us). Machine learning tools are concerned with endowing programs with the ability to “learn” and adapt.

Machine learning is one of the fastest growing areas of computerscience, with far-reaching applications.

Roughly speaking, learning is the process of converting experience into expertise or knowledge. The input to a learning algorithm is training data, representing experience, and the output is some expertise, which usually takes the form of another computer program that can perform some task. Seeking a formal-mathematical understanding of this concept, we’ll have to be more explicit about

what we mean by each of the involved terms:

What is the training data our programs will access?


 How can the process of learning be automated?


How can we evaluate the success of such a process (namely, the quality of the output of a learning program)?


When Do We Need Machine Learning?

When do we need machine learning rather than directly program our computers to carry out the task at hand? Two aspects of a given problem may call for the use of programs that learn and improve on the basis of their “experience”: the problem’s complexity and the need for adaptability.





Tasks That Are Too Complex to Program. • Tasks Performed by Animals/Humans: There are numerous tasks that we human beings perform routinely, yet our introspection concerning how we do them is not sufficiently elaborate to extract a well defined program. Examples of such tasks include driving, speech recognition, and image understanding. In all of these tasks, state of the art machine learning programs, programs that “learn from their experience,” achieve quite satisfactory results, once exposed to sufficiently many training examples.


• Tasks beyond Human Capabilities: Another wide family of tasks that benefit from machine learning techniques are related to the analysis of very large and complex data sets: astronomical data, turning medical archives into medical knowledge, weather prediction, analysis of genomic data, Web search engines, and electronic commerce. With more and more available digitally recorded data, it becomes obvious that there are treasures of meaningful information buried in data archives that are way too large and too complex for humans to make sense of. Learning to detect meaningful patterns in large and complex data sets is a promising domain in which the combination of programs that learn with the almost unlimited memory capacity and ever increasing processing speed of computers opens up new horizons.


Adaptivity. One limiting feature of programmed tools is their rigidity – once the program has been written down and installed, it stays unchanged. However, many tasks change over time or from one user to another. Machine learning tools – programs whose behavior adapts to their input data – offer a solution to such issues; they are, by nature, adaptive to changes in the environment they interact with. Typical successful applications of machine learning to such problems include programs that decode handwritten text, where a fixed program can adapt to variations between the handwriting of different users; spam detection programs, adapting automatically to changes in the nature of spam e-mails; and speech recognition programs.  


But this advancement in technology  is not being used by the people. People are still undermining the capabilities of the machines to deliver better results than any human effort. I only hope that people use the machine learning not only for business analysis but also to optimise the costs and  increase productivity by eliminating the redundant processes.

Hope that happens, 

Best Wishes, 

Shyam.

Friday, May 26, 2017

Ramadan wishes, Let the holy spirit prevail everywhere


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Tuesday, May 16, 2017

India's IT scenario. 05-17

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India reinvented itself 20 years back when the IT outsourcing began followed by Y2K. Though IT has a huge hallo surrounding it. The total contribution it has towards Indian job creation is just around 5% (or half a million) even at a very generous estimate. 

Hence, even considering that all of these jobs are lost, 95% of the job creation process is still intact. Just half a million jobs expected to be lost over the next five years, does not effect the 500 million working peoplef India drastically. It just works to just 1%

India is basically an agriculture based economy. About 65% of Indians are employed either in Agriculture or Agriculture related occupations. So long as the farmer is growing crops, and there are enough people to consume them, this industry is not likely to stop growing any time soon.

Manufacturing industry is looking up. Each and every manufacturing domain has a related and dedicated IT requirement. Sooner or later they will not only absorb these people but come.


Impact though initially significant will be miniscule (or even less than that) in the long run. We have the Made in India, Skill India projects. These will ensure that the skills are not only developed, but they are gainfully put into employment and National Development.


To even imagine, that the Indian employment market depends on the whims and fancies of an American President is hugely laughable.


President John F Kennedy did put India in a fix, when he refused to help us militarily during the China war in 1962, but that only increased India's resilience and resolve to be self dependent in Defence requirements. And the continous efforts of the governments down the line have made India what it is today.


Smt. Indira Gandhi was responsible in setting up the defence mnufacturing and R& D facilities. Shri. Narasimha Rao helped the development of technology, Dr. Manmohan Singh gave us the refoms that pushed up the growth rate of Indian economy considerably. 


Not much impact will be there, if the Americans close doors to the Indian tech professionals. 

And by the way, how can a country with 1/3 population and 3.5% economic growth rate, dictate to a country with a Billion population and growth rate of 7% +

Tuesday, May 2, 2017

Study uncovers how brain damage increases religious fundamentalism 05-02

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Image credit Shyam's Imagination Library



Research has found religious belief is associated with certain regions of the human brain, but there is still much to learn about how these areas influence religious belief. A new study in the journal Neuropsychologia found that lesions in a particular brain region tend to increase religious fundamentalism.

“Human beliefs, and in this case religious beliefs, are one of the cognitive and social knowledge stores that distinguish us from other species and are an indication of how evolution and cognitive/social processes influenced the development of the human brain,” Jordan Grafman of Northwestern University, the study’s corresponding author, told PsyPost.

Grafman and his colleagues examined male Vietnam combat veterans with lesions to part of the brain known as the ventromedial prefrontal cortex. They found veterans with these lesions reported higher levels of religious fundamentalism compared to those without the lesions.

The finding indicates that “the variation in the nature of religious beliefs are governed by specific brain areas in the anterior parts of the human brain and those brain areas are among the most recently evolved areas of the human brain,” Grafman explained.

Previous research had suggested that the ventromedial prefrontal cortex, which is situated in the frontal lobe of the brain, was a “critical hub” for belief systems.

The new study found damage to the ventromedial prefrontal cortex appeared to cause an increase in religious fundamentalism by reducing cognitive flexibility – meaning the ability to update our beliefs in light of new evidence – along with lowering the personality trait of openness.

The researchers examined 119 veterans with penetrating traumatic brain injury and 30 Vietnam veterans with no history of brain injury.

Grafman cautioned that the results of the study were limited. “For this study, we recruited Vietnam Veterans with and without brain injuries,” he told PsyPost. “They were all male American combat veterans.  This limits the generalization to other groups of people including women, people from other countries, and people who come from cultures with different primary religious beliefs.
“We need to understand how distinct religious beliefs are from moral, legal, political, and economic beliefs in their representations in the brain, the nature of conversion from one belief system to another, the difference between belief and agency, and the nature of the depth of knowledge that individuals use to access and report their beliefs.”

The new research helps elucidate the links between the functioning of the brain and religious belief. But there are many other factors, both physiological and psychological, that are in need of further study.

“Beliefs have sculpted our behaviors for thousands of years and helped shape the development and sophistication of our brains,” Grafman explained. 

“Such beliefs systems are dependent upon other aspects of our cognitive and social processes and those interactions would be important to understand.  For example, how does openness in your personality affect how your form and act upon your beliefs?  What about genetic predisposition and its effect upon belief systems?”

“While religious and other beliefs can be studied selectively and independently from other cognitive and social processes, their dependence upon, and interaction with, other brain functions will be an important area of research in the coming decades,” he told PsyPost. “As they say, ‘the devil is in the details."




View at the original source

Saturday, April 1, 2017

Wading through the infinite forests. An unending journey called Entrepreneurship. 04-01

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The woods are lovely, dark and deep,   


But I have promises to keep,   


And miles to go before I sleep,   


And miles to go before I sleep.


                                 Robert Frost. 

This is what an entrepreneur keeps reminding himself every night. And this is ‘Mantra’ that
energizes him and recharges him, to fight fresh battle for survivor every day.




Image credit : Shyam's Imagination Library



















I wrote this article for my friend and follower on social media. She is an intrapreuneur in one of the IITs. She was starting an e-zine on Entrepreneurship and wanted me to write an article for it. I wrote the article in January 2017. I wanted her magazine to have an exclusive exposure to this article for at least for a month, hence I did not publish it on my blog. Now that it is more than two months I am publishing it on my blog.

The article....

It is always a great feeling to write an article on entrepreneurship. At the same time, it is equally a big drag to read one on it.

"Oh, one more on this, no, no, not again," is the helpless yelp, you hear from the readers, whenever they come across one on this subject.

I have been lucky in this respect. My articles, my lectures and my Key note addresses on this subject have been received well by my audience. My contributions to Harvard, MIT and Mckinsey have been greatly valued by them, and I continue to contribute even after almost five years of association. I am immensely grateful to them all for their patience through these years. It is a greatly humbling experience beyond words

Having completed this short ice breaking exercise with my audience, let me now get to work, and write on entrepreneurship.

India’s contribution to Global Entrepreneurship

India’s and Indian’s contribution to towards the global growth in entrepreneurship is phenomenal, but has been hugely under valued and under rated. They have worked under heavy constraints and discrimination. Not much is known or said about the contributors of the early adaptors of technology and management.

In one of my lectures at IIT Kharagpur’s School of Management (VGsom), on Business Models, I started the lecture with India as a viable Business Model and dwelt on the Indians who contributed to the growth of technology in USA and the world and transition of the country’s image as country of snake charmers and bullock carts to country with vibrant and technically endowed vast human capital. India owes its current image as a viable destination for investment and outsourcing to the great efforts and sacrifices put in by the people mentioned below and those, I haven’t mentioned.

There are many who not only distinguished themselves but also contributed to India being a hub for outsourcing and talent acquisition. People like Vinod Dham, Vinod Chopra, Vinod Gupta, Deepak Chopra, Ajay Bhatt, Vivek Wadhwa, Sabeer Bhatia, the list is endless.

( Indian Students: Please search these names in Google, you will know how important their contribution has been. The fact that, you now have a highly empowered and enabled pathway for studies abroad is mostly because of the firm foundation bricks laid by them. )  This, by no means is a small achievement. It is for you to strengthen the structure of the pathway by your efforts and extraordinary achievements. Make posterity remember you with gratitude.)

These people were brilliant but they always faced the hurdles. They reached the glass ceiling, but never got through it because of their Indian origin. There is famous quote from Joy Cherian which explains the situation of that time more aptly. Joy Cherian went to US in 1960s

"I am there to strike at the glass ceiling. Please give me a strong hammer and hold my ladder steady." Joy Cherian EEOC

Even after almost half century in USA. Joy Cherian still cherishes his Indian origin and connection. A small part of his office is used to grow curry leaves. This gives him a feel of his Indian and Kerala origin.

And Now, they have broken the glass ceiling, Indians have slithered past it.

Now Indians or American Indians are heading many technology giants. You already know the names; I will not tell you what you already know. However, the magnitude of their contribution and its importance can be gauged from the fact that Indian component of US population which was just Sixteen thousand in the sixties is now more than Two millions now. We are the third largest populated Diaspora in United States.

Entrepreneurship in India

Entrepreneurship is all about building a bright idea into a successful business, and if you have one, you will not find a more opportune time and opportunity than now in India.

If you have ever dreamt of quitting that day job to make actual progress on that dream idea, or if you want to take your family business to a global level and compete with the best players in the world, there has never been a better time. Entrepreneurship in India today is a phenomenon that is absolutely unstoppable and this is definitely the time to go out and achieve what you have always wanted to.

We have seen a constant rise in Entrepreneurship efforts. There has been a substantial increase in the number of entrepreneurs in the recent past. More than 4,100 startups were registered in India in 2014 alone. 2015 was the biggest year for Indian startups with capital worth $9 billion being invested in them. The government’s startup India, standup India campaign has been one of the most successful government trade and commerce related programs in recent memory.

The increase in the number of IITs, IIMs, have significantly contributed to it. There are incubators in these institutions, which nurture the spirit of entrepreneurship, ignite the latent creativity in them. They also Collaborate with them on innovative projects, which undergo a process of metamorphosis to end up as start-ups with promise. The initial seeding and working capital facilitation is also done by these institutions. In course of time, we will see them emerge as Indian unicorns delivering robust technology products globally.

Entrepreneurship for a cause

These are ‘For Profit’ organization, whose products and processes help fulfill a social need or a social cause. Sometimes they promote or protect environment. Often we see waste being recycled into purposeful products.

It is wrong to assume social entrepreneurship is an activity for charitable purpose. It is business as usual. But it is a fruitful marriage between Capitalism and All Truism. For the purpose of better understanding, I will quote from my key note address to the young entrepreneurs at the Potti Sreeramulu Telugu University at Hyderabad.

“Social Entrepreneurship is an entrepreneurial effort like any other business. Only difference is, it is wholly or partially cause driven and more often than not, it complements in terms of increased brand equity to the brand that supports it.

The debate about the capitalism and “All Truism” is eternal and will continue till eternity. We are now looking at a model that is a combination of the two. “All truisms” is a noble concept, but it is too noble a concept to sustain. What is an ideal combination, depends on geographic, demographic and other factors. However, there has to be a flexibility and scalability in action & approach as per the need and situation.”

It is time, we remove the misconception that social business is responsible in the erosion of business ethics. Social business understands, respects and follow the tenets of business ethics. Most of the times social business supports and complements the main business.

We have many global giants in FMCG and other sectors having social businesses. What they do in promoting social causes gets them so much publicity and attention, it adds substantially to the equity of the organization and brands that support. It is an unintentional values addition to the organization and its product mix.

There are three factors as critical for building sustainable and world class not-for-profit organizations.

They are:

1. Strong emphasis on governance,

2. Finding scalable solutions and relentless focus on quality and excellence.

3. Constant Leadership Development.

In business one talks of leadership development all the time. We need to do the same in social development, too. We need to aggressively recruit top talent and then invest in their development. Social organizations, also need to build global networks. the secret sauce is having a strong purpose. Constantly understanding, the purpose of as to, why I do the work? Does the work I do, help me to navigate the ups and downs of the journey? It is also important to believe that change is possible and that I can make a difference today.

Essential pre-requisites of Entrepreneurship

Opportunity Identification

You need to do an intense research about the market size of the product you intend to manufacture or market. Leading players, established brands, the threats from the unorganized sector, their market share, their growth. At what stage of the life cycle the product presently is, how long will it take for the product to reach its peak, and when the decline starts. Depending on the research data, finalization of the product mix, Vison and Mission for the venture takes place..

Finalization of the Business Model

After finalization of the product mix, you need to work on the Business Model that suits best for the business and seamlessly aligns with the vision and mission of the organization. The Business Model should have inbuilt components of flexibility and amenability to change with the change in business environment.

Finalization of the Business Plan.

This gives you and people who would fund your venture, an entire insight into What are the products or services you plan to market, the manufacturing process, the supply chain process, the business process, the distribution and the marketing supply chain process. The financial supply chain processes, The vendor and procurement processes. The manpower recruitment, development and retention process. The plan should speak for itself, clearly and loudly about the alignment of the different processes with the goals and objectives of the organization. The plan should give the funding agency a complete ‘look-in’ into the success and the failure factors of the project. More often than not it is the funding agencies with their vast experience, that suggest the course correction in the business plan that could increase the success rate of the venture. Once the business plan is through and the funding arranged, the entrepreneur needs to acquire the needed infrastructure, source the material and process requirement and recruit the manpower.

Strategy formulation and Strategic management

It is not only worthwhile, but also imperative for the Organization to spend time and effort developing and communicating their strategies to ensure they are understood by all. But first of all, it should be clear to you the entrepreneur. You have to constantly ask yourself, how clear is your company’s strategy to you? To your team? Does it align with your Business Plan? is it compliant with your Business Model?

Many organizations struggle with executing their strategy in a manner that achieves its intended results. When you consider that high-performing organizations are twice as likely to have alignment of projects with organizational strategy, it is clear that strategy execution, the translation of smart strategies into effective results is crucial.

How do you do the course correction in case of misalignment of the strategy

Misalignment of strategy is a common place happening with almost all the organizations of different structure hues and culture. It is the timely course correction that keeps them from straying too far from goals and objectives.

The most important thing to do for an entrepreneur in these circumstances is to understand the reasons for the misalignment, and identifying the function responsible for it, like planning or execution or both. Explore how successful organizations have overcome this problem. Based on that, create a correction model, that aligns with the size and structure of your organization. Since the nature and cause of misalignment is different every time, you need to do this exercise every time you have a crisis of this type.

Strategic Management for an entrepreneur is all about understanding their own resources, their strengths and constraints and amicability with the internal and eternal environments (which keep changing constantly). Ingraining this flexibility in the manpower is a constant process and an integral part of the leadership development programs, which should be conducted frequently as per the need. It is imperative, that all the employees to work in the same direction towards achieving a common goal. This is the essence of Strategic Management

Strategic Management clearly defines the goals of an organization. It defines realistic goals and objectives, while aligning the same with the vision of the company. The organization’s progress can be measured on the basis of these objectives. Practicing strategic management makes you more proactive, therefore enabling you to foresee incidents, and take precautionary measures to safeguard the interests of the organization.

In conclusion, I would like to state that, What I have covered is a small, albeit important aspect of entrepreneurship. What is not covered is huge, you will learn more, and learn new things every day, as you keep wading through the unknown and infinite forests, and encounter problems at every step.
The road to success is bumpy and journey is rollercoaster. But you already know it, when you decide to be an entrepreneur. You strengthen your resolve and develop resilience as you progress in your journey.

Best of Luck in your efforts to succeed.

Best wishes,

Shyam