This amazing presentation is on the Speech which Dr.C K Prahlad delivered at AMA Ahmedabad in the year 2008 and projected how important it is for India to achieve the RAPID Growth
1. For Nation
We Will Always Follow Formal Practices Of Business, Pay All
Our Taxes, And Fulfill All Legal Liabilities and Our
Responsibilities Towards Our Nation. The Amount Left After
Fulfilling All Our National And Citizen Responsibilities Would
Be The Actual Profit For Us , and Only That Is What We
Deserve.
3. Objective
“I will make such a wonderful India all Americans will stand in queue for getting Visa of India”
- By Mr.Narendra Modi (PMO India)
To induce the same conviction for INDIA in All of us - Youth, Entrepreneurs, Children & all the Citizens
of India through this speech of Dr. C.K. Prahalad : “Rapid Growth – The Imperative for INDIA
• India has no choice but to grow at 10% +
• India has the resources to do it
• Global Conditions present unique opportunity to India
• Latent building of capability in the country
4. Dr. C.K Prahalad – An Introduction
• Internationally acclaimed a Corporate Strategist – Top 3 Management Consultant
worldwide
• An Alumnus of IIM, Ahmedabad
• As Professor into administration at University of Michigan
• Awarded with Padma Bhushan in – 2009
5. Agenda
Why is 10%+ Growth rate a pre-requisite for us?
Principles to be kept in mind while approaching this growth rate
What is our perspective on resources
Emerging Local Competencies
New Market Opportunities emerging around the world
Resource
Constraint
Imagination
Constraint
6. 2 Start-Points
What is
Feasible? What is
Necessary?
If we don’t create 10 to 15 million jobs for next 20 years - There will be a big Social Unrest
9. Choices?
10% = is not Desired, it’s the necessity
What Do We Give Up?
“Aspiration to
Growth”
The World
status –
“Super Power”
Traditional
Inability to
grow ?
10. Principle No.1 – Resources & Aspirations
Situation A
Low
Resources
High
Aspirations
Situation B
High
Resources
Low
Aspirations
• Entrepreneur wants to
change the world
• Indian History Tremendous
Aspirations & Low
resources
• Example – Gandhi Ji, Purna
Swaraj in 1929 , 18years
later
• Fixated on an
ASPIRATIONAL GOAL
• Not Constrained by Current
Resources
• Leverage Resources
• Change The GAME
“IMAGINATION” is the KEY
11. Principle No.2 –We Cannot Extrapolate the Past
There’s a big difference between
extrapolating the past & willing to fold
the future-ends.
From where we are to the INDIA of our
dreams in a clean straight line, nobody
knows what the journey will be with
what milestones in it?
Let’s not think of the whole journey, but
what the next two steps would be?
Ex – 400meter Race : Speed
Marathon : Stamina
• Willingness to discover
• Clear Milestones
• Speed, Stamina
• Sense of Urgency
• Clarity to Mission
12. Principle No.3 – Thinking Unconventional
Think of “Next”
Practices
Don’t think of
“Best” Practices
13. Simple Principles
• How do we create Aspirations that lies outside resources?
• How do we fold the Future-end?
• How do we focus on Next Practices?
Feasible
Necessary
Desirable
14. What Next?
• What makes Dr. C.K Prahalad so confident that there is enormous
resource that exists
• The Emerging competence based in India which is extraordinary
• Global Market Opportunities