i guess the world is used to the western, industrialized ways of thinking..
One recent example was when the Ambani's transformed the mobile industry with a simple dream of making communication as cost effective as a post card (the post card since then has become a lot more expensive than a call!), Vodofone chief - Sarin mentioned that the whole of the western telecom world is scratching their heads and wondering how the Indian's managed to do it?
- We have the cheapest call rates in the world, the ARPU (average revenue per user) are one of the lowest and with the volume being as large (due to population and subscriber base), how do the Indian telecom companies make substantially higher profit than their european or american counterparts. He went on to say that he should send his entire management team to India to figure out how the Indians have figured it out.
Ratan Tata in this case has dared to dream what the westerners have written off as impossible. Carlos Ghosn of Renault/Nissan has been following this and has decided to emulate it just as the Tata's, Mittal's etc did by following ambani's telecom vision.
The nobel prize winning rural micro-credit scheme came out of Bangladesh. Those who are still stuck in the industrial age mindset (such as the bloomberg author) have the ostrich head in the sand syndrome and cannot see reality. China/India's time is coming and the emerging markets will show the rest of the world how to do a good many things.. |