IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
Purists
are encouraged to be outraged after going through this list of 75 individuals who are expected to contribute a great deal in make the 21st Century an Indian one. What? No Rahul Gandhi? No Ambani brothers and Kumarmangalam Birla? No Ratan Tata? No Barack Obama? No Hu Jintao? No Salmaan Rushdie? No Malvinder Singh? Not even Shahrukh Khan or Abhishek Bachchan?Well: after you have cursed us roundly for this seemingly wildly compiled list, please draw your breath, take a glass of water and try and listen to this simple and short explanation we have for selecting the individuals the way we did for the list. There is no esoteric science involved here. We took a conscious decision to let go of the very obvious names, who are going to play a pivotal role in the future of India. They are widely talked about and even more widely covered by the media in this regard. So it was decided by our edit team to concentrate on people who may not necessarily be as famous as the people mentioned above; but are nevertheless going to play a defining role in India’s future. And then again, lest you lose your temper again, we decided as an afterthought to include some famous names after all! Happy speculating!
RICHARD BRANSON India can fly!
Richard Branson is a man known for his flamboyance & his daredevil approach to life. He has the ability to convert any given business opportunity into a success. However, much as he has the capacity to make the next century an Indian one, he will have to wait for sometime as current Indian regulations prohibit foreign airlines from holding a stake in Indian carriers, which in turn means that India’s dream of being the super-force in the aviation business will have to wait as the government has indicated that this will not happen until the industry has returned to a viable state. Optimistically, we’re looking at a scenario where it is very unlikely that a Virgin airline will operate in India until after 2010.
People are also confused about the most recent investments in the mobile business by Branson. Yes, this would increase the brand value in the country and of course there are synergies between different Virgin products, the investment in the mobile sector would in all probability have been made on its own rights, without an eye on any future aviation presence. Virgin’s aviation business has operated various different models – the full service Virgin Atlantic, low cost Virgin Express and hybrid Virgin Blue. The group will take a call on the positioning of Virgin Airlines in India based on its assessment of the market at the time of entry. Moreover, Virgin will also have the advantage of the second-mover and can avoid ‘early bird’ mistakes.
Also, talking about his challenge to the Indian carriers, his presence would also not kill the growth prospects of budding Indian airlines – perfect ingredients to make a spanking ‘Indian’ century! Talking about his closest threat, it is also clear that neither Richard Branson nor Vijay Mallya operate solely in the aviation sector. Hence, their areas of interest are wide enough to ensure that there is no issue of one overshadowing the other. While we say that Branson will catalyse the process of India shining in this century, it becomes very important to add that India already has its own broad base of accomplished entrepreneurs and it is the home-grown businesses that will make this century an Indian one. However, welcoming Branson early would wonderfully accelerate the process
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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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