As a part of its golden jubilee celebrations, IIT Bombay has launched a mega event – 10 Great Ideas to change the world in the Next 50 Years.
The message on the website reads: “In this event we invite you, IITB alumni — IITB students — IITB Faculty (current and retired) — IITB staff (current and retired); to submit ideas that you believe will change the world in next 50 years. In essence, these ideas could be the prime movers for the world in the next 50 years.”
The contest will be judged by thought leaders and ideators from across the globe: Principal Scientific Advisor to the Government of India Dr. R. Chidambaram, Former Head of Nanoscience at Cambridge University and Scientific Advisor to Government of UK Prof. Mark Welland, Chief Mentor of Infosys Mr. N. R. Narayana Murthy, Director Forbes Marshall India Naushad Forbes, and Chairman Nicholas Piramal India Ltd. Ajay Piramal, American biologist Dr. Craig Venter, Co-Founder of Intellectual Ventures and former CTO of Microsoft Nathan Myhrvold, among others. The panel will be chaired by former president, Dr. A. P. J. Abdul Kalam.
The last date for entries is October 30, 2008. Check out the 10 Ideas website.
The big daddy of IPOs was around the corner. And voila! It took India by storm. Everyone I know has been talking about the IPO and there is hardly anyone who has not invested in this. As per market reports, the offer has been oversubscribed 73 times. This is the first for an IPO in India. The herd mentality being followed by investors is purely based on the fact that the Reliance Power shares might give them manifold listing gains.
As much as I would like to believe in this hypothesis, there is a good chance that the hype that has built up is going to dilute its listing. I would rather take a cue from similar stocks listed on the market. I believe that Reliance Power might take a significant time to return value to the shareholders. Remember Reliance Petroleum, which is yet to start production? I want to write more but I do not want to be too negative here. Personally, I would love to enter this stock, but only when the valuations seems right. For now, I would rather watch from the sidelines. And of course, the multibaggers in market are aplenty.
Veni, Vidi, Vici!!
The management rulebook has suddenly changed. Or rather become dysfunctional. Welcome to a new flat world. The spherical symmetries have suddenly transformed into a more horizontal and level playing field. Bid adieu to business strategy, game theory, scenario planning and old school. Welcome innovation!! Say hello to innovative business strategy, innovation through management models and war gaming. Welcome to the school of essential survival strategy. Brand New!
The old management practices and schools of thought are crumbling rapidly. Looking for a survival strategy? Try two simple words adaptability and creativity. Innovation will be the new management DNA.
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