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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.

Vivek Wadhwa

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Vivek Wadhwa
Age: 54
Columnist
Entrepreneur
Research Fellow
Writer
National Capital Region of Delhi
Celebrate
Matter
Going
Corners
Good
Disaster
Things
Failure
Ready
Around
Wells
Corner
Well

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A key ingredient in innovation is the ability to challenge authority and break rules.
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You need to be able to SHARE IDEAS, INSPIRE and MOTIVATE
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The goal should be to build a sustainable lifestyle business that does good for employees and customers - and that steadily builds wealth.
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We must first get over the myth that older workers can’t innovate.
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The natives of Silicon Valley learned long ago that when you share your knowledge with someone else, one plus one usually equals three. You both learn each other's ideas, and you come up with new ones.
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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.
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What you want in a mentor is someone who truly cares for you and who will look after your interests and not just their own. When you do come across the right person to mentor you, start by showing them that the time they spend with you is worthwhile.
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Innovation is all about people. Innovation thrives when the population is diverse, accepting and willing to cooperate.
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The truth is that entrepreneurship is more like a roller coaster ride than a cruise.
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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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What the tech industry often forgets is that with age comes wisdom. Older workers are usually better at following direction, mentoring, and leading.
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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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A key to achieving success is to assemble a strong and stable management team.
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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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We live in the most amazing period in human history. We can have unlimited energy, unlimited food, provide education for everyone, clean water, all the things that have held mankind back.
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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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Doing the right thing doesn't always bring success. But compromising ethics almost always leads to failure.
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