Take risk to demonstrate your ideas
Once a prominent scientist Albert Einstein had said, “The true sign of intelligence is not knowledge but imagination.” Having said that this thought could be easily equated with some of India’s leading entrepreneurs and some courageous business persons who accepted the challenge and proved themselves in adverse conditions. India is not America and other western countries where business is in DNA of society. However, changes are coming in Indian society as people are more enthusiastic in doing business than preferring a job, and this trend was not witnessed earlier. Indeed, it might be occurring because of globalisation.
In Indian context, there are some names in India who took risk playing at the front and eventually succeeded entrepreneurs. Among them are Ratan Tata of Tata group, Adi Goderaj of Goderaj Group, Vijay Shekhar Sharma of Paytm, Kiran Majumdar Shaw of Bicon, Ravi Pisharody of Tata Motors CV, N R Murthy of Infosys etc.
This book “Inovoation Stories from India Inc” is accumulation of stories of Indian entrepreneurs and start-ups owners. These leaders have shared the stories of their success.
While sharing her innovation story Kran Mazumdar Shaw of Biocan says that she started Biocon as a biotech company focused on enzyme technologies. She trained as a brew master, so she was very familiar with fermentation technology and enzymes. The first set of enzymes she madew was for beer-making because she was familiar with that technology. She started from scratch and developed her own processes and generated a lot of intellectual property in the process.
In 1998, she decided to shift from enzymes business to biopharmaceuticals. She further added that she was earning about 75 crore rupees in revenue at that time and she figured that sooner or later she would hit a plateau because the enzymes market is not very large.
Innovation Stories from india inc
Pages : 142
Ratan Tata of Tata Group says that when he came back from the US, he was put through a very traditional training programme at Tata Steel and later at Tata Motors. It lasted three and a half years and he says that this was total waste of his time. In retrospect, it gave him the opportunity to work shoulder to shoulder with the people in those plants. He also remembers frustration of that time of a young person who had ideas but could not go with them. In Indian perspective, Ratan Tata says that India needs to lay emphasis on quality and excellence. That is missing in India’s innovation journey.
Paytm founder Vijay Shekhar Sharma says in his story by quoting Amazon, “Amazon does not need a Jeff Bezos for what it is doing now. Amazon need Jeff Bezos for what it is not doing now.” That is the role of a founder. To take risk, to disrupt, to innovate. If the role of management is to take care of the percentage and grow the rupee, the role of the founder is to seek new opportunities and grow the multiple.
The book Inovoation Stories from India Inc, written by Vijay Menon, has been compiled well with the stories of India’s leading business persons. As this book provide excellent business concept, it will be preferred by those people who believe in dreaming and doing.big.
By Ravi Mishra