Word: entrepreneurs
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...India's hesistance to adopt an entrepreneurial spirit: "When it comes to the full force of Indian regulation, India is still not a very business-friendly country, and we rank far below Pakistan and China in the ease of doing business. The regulations that remain hurt the small entrepreneur and the first-time businessman the hardest. Money in particular has been a touchy subject...
...visible rise of the outsourcing sector has helped transform Indian attitudes toward the English language. English is emerging as the language of aspiration for the Indian population - as a passport to a lucrative job and entry into the country's growing middle class. A friend of mine is an entrepreneur who runs Corner House, a popular Bangalore ice cream and sundae parlor. He told me resigningly that he had taught his staff some English so that they would be able to take orders and they left him to join a BPO company...
...entrepreneur-cum-intellectual's salvo on the power of ideas is only convincing if such initiatives like universal health care and education cease to be continually and fatally stalled. Until then, such optimism will continue to be shouted down by the piercing shrieks of India's present challenges. And as Nilekani concedes, if you are playing a waiting game with India, you will lose. The Bill Gates of India does his best to weave his "safety net of ideas," but resolving India's inherent internal conflicts is sadly easier written about than done...
...friend, a well-known serial entrepreneur in Silicon Valley, says I'm kidding myself. He says that, like the rest of the people in my industry, I'm moving through the classic Kubler-Ross cycle of dealing with a terminal diagnosis. Old media has already gone through Denial and Anger, and are now Bargaining, looking for ways to beat the Grim Reaper. "Most of the product ideas that you all are coming up with in this bargaining phase don't make any sense from the customer viewpoint," he told me recently. "Anything that falls into the category...
...Chinese state-owned companies be permitted to go on a buying spree abroad, when a foreign company - indeed, perhaps the world's most famous foreign company - can't even buy a fruit-juice maker in China, one owned and run not by the government but by an old-fashioned entrepreneur who wanted to do the deal? Beijing's explanation aside, there's really no good answer to that question. In a world now beset with more than enough economic problems, including diminished international flows of both goods and money, China just added to the list...