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A peek into your future:

Dr. Ashutosh Khanna

From

Managers of Assets

To

Creators of Value

Structure

1. Opportunity2. Challenges3. Way Forward

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Opportunity

Time of PlentyTime to GROW!

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Asia’s Rise… how and when… (Hans Rosling, 2009)

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Asia 2050 (ADB report, 2011)

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Asia 2050 (ADB report, 2011)

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So how much will you grow by?

Average – 10% Fore cast CAGR for India (8% to 10%)

Creators – 20% (?) Infosys plans for the next decade

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Calculations:

Doubling time = 70 / (fixed % unit of growth)

[100 logn2 = 69.3]

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You @ 10% CAGR(so by the time you retire @ 65)

Year Amount in Crores0 0.17 0.214 0.421 0.828 1.635 3.242 6.4

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You as “Creator”!

1000 times revenue in just 10 doubling times

100 crores @ 60!

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Challenges

Scale Speed of execution Current models are resource intensive Times of Exponential Change

Innovate to SURVIVE!

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Challenges of a level yet UNTHINKABLE!

120 million jobs in this decade!

To grow @ 8% To prevent demographic disaster

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Inflation!?!(Mukesh Ambani @ RIL AGM in 2011)

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Current Models are Resource Intensive Infosys in a decade? (BNP Paribas report 2011)

Hire 1 million in the next 10 to 12 years To grow at projected 20% CAGR According to current business model

In 3rd Quarter of 2010 – 2011 strength 127,779 Utilization%

80.7% excluding trainees 72.6% including trainees

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Did You Know 3.0 (2009)

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We don’t know the future!

Can you manage exponential change and uncertainty in your professional lifetime?

Will you be able to appropriate from technological advances, emerging business practices and innovate business models proactively?

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The way forward!

The changing nature of jobs New modalities of Production You have to LEAD!

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the evolving nature of work

3 categories of American jobs

“transformational” “transactional” “tacit”

Extracting raw materials or converting them into finished goods

Interactions that can be scripted or automated

Complex interactions requiring a high level of judgment

Make up 40% of the American labour market and account for 70% of the jobs created since 1998

“tacit interactions” has grown 2.5 times as fast as the no. of “transactional” jobs and 3 times as fast as employment in general

Source:McKinsey (2006)

The same sort of thing is bound to happen in developing countries as they get richer [Economist (2006)]

Open Source Economics(Yochai Benkler, 2005)

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Seth Godin on the Tribes we Lead (2009)

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A thought

The shift from martial, command and control, towards the opportunistic, self-organizing of collaborate and coordinate is not an instance but part of our socio-economic evolution, as a species, and hence inevitable.

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The thesis:

Innovate

to

SURVIVE!