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Outsourcing was the bogeyman of the 90s. Protectionists portrayed it as an evil that would take American jobs away. Yes, some jobs did go offshore as people feared, but it made the global economic pie grow bigger.
Vivek Wadhwa
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Vivek Wadhwa
Age: 54
Columnist
Entrepreneur
Research Fellow
Writer
National Capital Region of Delhi
American
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Evil
Feared
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Global
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Outsourcing
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Business executives need to start by spelling out and communicating their values. Then they need to lead by example. This means getting rid of the bad apples and declining opportunities that bring instant wealth at the cost of selling one's soul.
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Almost every profession I look at where you require human labor or you require intelligence, I see computers being able to do better than us within the next 10 years. I'm talking about a mass replacement of humans with artificial intelligence and robots.
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The mentor-mentee relationship is ideally like that of the guru and disciple: motivated by the desire of the guru to impart knowledge to the disciple.
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Doing the right thing doesn't always bring success. But compromising ethics almost always leads to failure.
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A key to achieving success is to assemble a strong and stable management team.
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The most important skill of the future will be the ability to learn and adapt. You need to be resourceful, keep your eyes open for advances coming out of nowhere, and embrace the new opportunities as they emerge. You need to be able to collaborate with others and build relationships. You need to be able to share ideas, inspire, and motivate.
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We can either build a Star Trek future, in which our civilization rises to new heights, or descend into a Mad Max world. It is up to us.
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No matter how well things are going, failure and disaster are just around the corner. So celebrate the good, but be ready for the bad.
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Over the last 10 years, India's perception has gone from being a beggar country to an economic superpower.
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