The future lies in innovation, people power and the knowledge economy, argues Raman Roy
Seven years ago, there was no such thing as Facebook. Today, the social networking site, created by a college student, is worth about US$5 billion. Mark Zuckerberg, the brains behind Facebook, is the perfect example of a “knowledge worker”. Entrepreneurs such as Zuckerberg possess enormous skill, but at the same time, they have learned adaptability and appreciate the importance of the fast-paced change demanded by an increasingly global consumer audience.
People like Zuckerberg have flourished because of their creativity and innovation. But there is no denying that they are also big risk-takers. Narayanan Murthy is another example. He quit his job to set up Infosys and I’m sure many people tried to dissuade him from leaving a good job. If he had listened to them, Infosys would not have been created.
India has the potential to create vast armies of knowledge workers, but the country lacks the environment to foster such talent. If Zuckerberg was in India, and he returned home from college saying that he had this great idea for a website, his mother and aunt would have told him not to be silly. In India, entrepreneurial ideas are not being allowed to blossom.
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Raman Roy is the chairman and managing director of Quatrro. Quatrro is a global services company offering business and knowledge processing services to organizations seeking higher operational effectiveness, greater flexibility and lower operating costs.