Wednesday, January 23, 2019

Editor's Picks - Indian business models for the world, Skilling more important than education & more..

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Among the contributions of India to the world, we can now include business models and products tested and refined in India.
- The McAloo Tikki is now the vegan burger for McDonalds in the US.
- Aiming to curb fake news, WhatsApp on Monday announced it has globally lowered to five the forward limit for chats -- a feature first launched in India last July.
- IKEA Group has entered into a strategic alliance with realty developer Rustomjee Group to provide furnished apartments in the latter's residential project. This is for the first time that the multinational has formed any such alliance anywhere in the world. More here

What India needs more than education is skilling! There is not enough discussion and work on skilling the 400 million workforce that cannot aspire to jobs in technology or finance or other sunrise sectors. Those jobs are few and for the privileged 30 to 50 million who have higher education. The forces of technology cannot be reversed and will make it even more difficult for the 400 million to find jobs, unless they are skilled in vocational skills. The Union budget for 2018-19 has allocated Rs 3,400 crore for skilling India, up from Rs 2,356 crore in 2017-18. However, just 25 million have been imparted skills training so far under various government schemes. More here.

Funding for NGOs is so closely tied to the vision of success that social organizations are forced to find ways to claim success, not necessarily for societal outcomes but for continuity of funding. There is also competitive pressure between organizations to show the greatest return on philanthropic capital, so, talking openly about failure isn't often possible.
The stage of failure also matters a lot. In the early startup phase of an organization, failure can be a badge of honour, and high risk-taking is considered heroic. So, failure is talked about without shame.
When organizations grow, they hesitate to share failures. By then, a culture has often developed where people are supposed to succeed in their tasks. So, when things go wrong, each person or unit keeps it quiet, creating huge organizational risk. More from Rohini Nilekani and Kyle Zimmer on the need for conversation about failure in the social sector

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