Aug 24, 2007

Risk-Returns Rule and Need of Greed

This blog is written and owned by Saurabh Gupta
Risk involved in an idea and Returns expected from it are directly proportional and hence the rule of the game is simple - More risk more returns, Less risk less returns. Every super intelligent person in this world looks for minimum risk and maximum returns and hence in order to play safe, remain on the other side of the boundary wall or in other words, he/she faces a entry barrier created by him/her only. Crossing this barrier doesn't mean that he/she is a 007, it only means that he/she thinks big and is willing to take risk in life.
Our appetite for risk has always remained less and that is inculcated in us by our culture.We have always been taught that Greed is an evil, and money minded attitude is negative. But if we are not greedy, why would we go for ideas with maximum risks... Who wants to take more risk if he/she doesn't need more money? I asked my colleague, who left his job for a start-up, that is it the zeal to be different that drags him for the startup or is it money and he said very clearly that its only money that drives this industry and those who say that they want to prove themselves to the world or something are those people who are affected by the basic rule of our culture which says that money minded people are bad or something. In other words, our culture make us risk averse but if we say that we want to lead/rule the world then at one point or the other we have to produce more global companies like TATA, Reliance and TCS and we will need to take more risks.
Risk and Returns rule is simple but the guarantee card of security or minimum risk and maximum returns mind set causes all the problem. To go beyond a certain point, we need to think innovative and dive into the race of creative firms.
Current service based economy is also bringing dollars and that too in a great pace but it is only a fraction of what goes to the owner companies and once the rates of rupee against dollars go up, this boom will bust and we will need to enter into a base market, base of Indian market known globally.
When we are taking of maximum returns which is generated by US in the present scenarios, then we ought to take maximum risk and for that the very basic definition of Greed needs to change.

Aug 21, 2007

Root cause of Brain Drain

This blog is written and owned by Saurabh Gupta
I have always questioned the idea of working for other countries, and have been thinking about 'Brain Drain' issue for quite sometime now. Giving it a deeper thought, I figured out that it is not an issue, it is an Escape; Escape from a system which claims to be clean and clear but is hollow from inside, which claims to be promoting Youth and Future India but is actually hindering the growth of very basic quality of leadership among them. I realized that most of the people don't care about whom they are working for or why they are working for them. They work for a peaceful and happy life where they can live with Self-respect and enjoy a free life. If you look at the present scenario, people are not crazy about America, they are crazy about the quality of life there. American economy (for example) doesn't ask its citizens to work for their companies only or live in the country; they just provide a clean, independant and accountable system where a common man can sit, relax and enjoy. They preach Freedom, Liberty and Independence and even though we preach the same, we just ignore to provide the freedom of self-respect to a common man. Common man can't defend himself if a powerful man goes against him, his family or his life.
If looking closely to the problem of corruption at the lowest level, in US, there is a system of tipping and people who earn less are tipped and hence they don't need to ask for bribes. Why can't we look for similar solutions? Why are we always asked for bribes? Why only licenses issued easily to powerful people and a common man has to fight it out? Why are we supposed to pay bribes for each and every government work? Issue is Accountabilty, Issue is ill use of power, Isue is Bol Bacchan Amitabh Bacchan... Leaders say tonnes of things but the very basic problem of ill treatment of common man is not targeted by anyone.
If you look at the issue of Brain Drain closely, it is not that people are betrayers of the country if they work for foreign companies or go to foreign countries to work. They want to live with self-respect and they don't want to see all this mess lying here. Law of the land is to protect yourself and your Family and provide them a good quality of life. Law and Order in India is forcing all those who can ESCAPE, to escape from the system. If you have lived in this country, you must have seen lines of people around MLAs, MPs, Ministers and if you want to lead a good quality of life, you ought to know these people.
Here arises the problem.. In good colleges like IITs and IIMs, students are taught to be the best in whichever field they enter but when they enter the world, they see the power lingering around the politicians and messy Law and Order situation. It is the loop hole in our economy which is forcing this talent to leave the country and American politicians are smart enough to attract this talent.
Seeing all this situation in the country, the reflex action is to escape, escape to a place where common man can dream, live and has a accountability if something wrong is done. Practically speaking, there is no such place but some places are better if Law and Order situation is compared.
Some scenarios commonly seen which force me to think to escape; you are going with your sister and you hear a comment or you hear abusive words. You are robbed on a street and you go to police station for help, but you are blamed for everything. Your son is missing and you are a common man. You are asked for money for a driving license even if you satisfy all the criterias. If you think about these situations closely, not everyone would like to go and fight, but every powerful man will say; Dare someone say or do this thing to me. This country is great for Powerful leaders, Politicians, Collectors, SPs, renowned Doctors but no one cares about the common man. Even if I am at a good post, I can't see a common man treated like that and so my reflex action is to go for a free land or to do something to change law and order situation of this land.
Brain Drain situation is there because those who can, just escape. I think 75% population, if given chance will escape this system, not for money but for a better life. And, the remaining 25% are those people who have power and need common man to show that power. I am not saying that corruption is there in India only, all I am saying is that in this country common man is ill-treated.
We all think about the ways to solve the problems existing in the country. I have always believed that generating employment, opening new sectors and streamlining the system can solve the problems. For most of these is required to retain the brains of this country to remain in the country and work for it. To tell you the truth, seeing the current Law and Order situation in India, sometimes I feel like living in a developed country. If you want to retain the Youth then you ought to give them respect and make leaders out of them and not coward, scary followers of this frustrating system. All that is needed is accountabilty if something wrong is done anywhere in the system.
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