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Latest read: Planet India

India is the second fastest growing economy in the world, second only to their Asian neighbor China.  Both have embraced globalization yet are racing to secure resources as their economies, populations, markets and environments grow out of control.  India has the second largest population with almost 1.5 billion citizens.

Planet IndiaMy understanding of India’s impact on the global market continues to grow after reading Planet India: How the Fastest Growing Democracy Is Transforming America and the World.  Mira Kamdar’s has hilighted both positive and negative (poverty, piracy and global warming) developments in India.

I’m very impressed by India’s innovation in creating the world’s next motion picture industryBollywood will not compete with Hollywood in America, it will simply run it over as India’s youth overtakes America.  Remember their population is growing and has acquired new-found wealth as a result of globalization.  It is a safe bet their children will be interested in watching movies like American teenagers.

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Latest read: The Elephant and the Dragon

Tectonic Economics?  Robyn Meredith has written a must read book, The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us. Take a look at Wall Street lately? Then think about oil, the environment and the post cold war shift in the global economy.  Its time for business and education to take note…and fast.
Tectonic Economics is about the impact of the two fastest growing economies who have embraced capitalism AND globalization at the same time.

And by the way America and Europe have been left out of this economic growth spurt since 9/11.

Actually at the rate China and India are rising you just need to look at both countries since 9/11 to see their immediate impact.

Meredith has done a great job of helping understand these two transformations.  There is no more waiting for a new generation they have arrived and instituted global change in less than a decade.  For most Americans they still do not see changes occurring at this speed affecting the global economy.

Meredith makes the hard salary figures easy to understand why companies around the globe have jumped to China and India.  But this will not be easy for IT professionals in America.  India’s InfoSys hires computer science graduates (some also have an MBA) to be a VoIP specialist in Bangalore with an annual salary of $5,000.  Yes, five grand a year for a VoIP specialist.  This similar type job in California via InfoSys pays $120,000.

This should be really easy to understand why hundreds of tech companies including Cisco, Apple, IBM and HP have moved operations (some larger than others) to Bangalore.  Remember you have to please your stockholders.  The changes already underway (and under the radar) will continue to add stress to America’s middle class.

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Latest read: Bangalore Tiger

Y2K.  Remember the rush to fix computer software that was programmed to stop working on January 1 2000?  Many Americans probably did not realize their software fix was coming from Indian companies including WiPro located in Bangalore India.  Today American business is filled with examples of India’s outsourcing success.

Bangalore TigerBangalore Tiger is a must read for everyone working in Information Technology. Organizational leaders will learn how one of the larger tech companies in India is changing the rules of business competition in today’s globalized marketplace. If you read

The World Is Flat then you already know about all the success coming from India’s technology outsourcing giants in Bangalore.

If you want to learn how a company located in the heart of India’s globalization capital can thrive this book is really for you. The early chapters focus on how Wipro is taking on the West (and winning) as a new breed of tech company.

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Wipro is changing education

I have begun reading a really good book called Bangalore Tiger and have become very impressed with the closing of the fifth chapter and second section called People Principals to Lead By.

This book is about Wipro, one of India’s great IT companies.  This chapter concluded with an overview to their companies’ social responsibility initiatives and volunteer efforts in India called Wipro Cares:

The education program provides training for teachers, administrators, and parents –with the goal of fostering more creative and analytical curricula in pubic schools, rather than rote learning.  In an effort that targets underprivileged children, Wipro volunteers spend two hour every Saturday tutoring and encouraging these kids…..The Azin Premji Foundation is an attempt to help transform Indian society through improving public education.  Premiji established the foundation in 2000 and it became operational in 2001.  To date [Azim Premji] has contributed $125 million in Wipro stock –and has pledged to keep replenishing as money is spent.

The main focus is on convincing education that they need to retool their approach to education and on giving them the tools to do it.  So far, one Indian sate has agreed to switch to analytical learning……”What we’re focused on is quality education,” says Dileep Ranjekar, a former head of HR who is now CEO of the Azim Premji Foundation.  Premji’s charity.  Unless India fundamentally addressed the quality issue and the shifts from rote learning to analytical learning, it can’t realize its dream of becoming one of the world economic superpowers.”

There’s obviously a crucial side benefit for Wipro.  Unless the Indian public education system improves dramatically, Wipro won’t be able to fulfill what it sees as its destiny – becoming one of the world’s great companies by offering up India’s brainpower to the world.

America needs this type of innovative company that can lead change in our education system.  As Intel’s CEO has stated many times America will continue to graduate more masseuses than engineers.  At some point this will catch up with us.  And by the looks of it when that time arrives India will be prepared to step in.

Tags: India, Wipro, Bangalore Tiger, globalization, education, technology, reading, trends

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Latest read: Innovation Nation

Innovation Nation: How America Is Losing Its Innovation Edge, Why It Matters, and What We Can Do to Get It Back from John Kao is a timely read. To say I enjoyed his lessons how America is losing it’s innovation lead was not pleasant experience, yet the book is highly engaging.
There are timely lessons in this book from the $100 laptop and more importantly the exodus of top American talent. No surprise that top talent from India is returning home after attending college in America as globalization brings new opportunities to India.

You may be surprised to learn how Kao documents the loss of top Americans heading overseas. That’s native-born Americans leaving our best institutions (and their home country) to work in new innovation centers with more creative, less political conditions.

The list includes Paul Saffo from Stanford, John Seely Brown from Xerox PARC, Peter Schwartz from Global Business Network and Rita Colwell, former head of the National Science Foundation and current professor of biological sciences at the University of Maryland.