
On Friday, I attended a Siliconindia summit on Leadership. Since the 199os Siliconindia has been an inspirational magazine profiling Indian American and more recently, Indian success stories in the technology marketplace. I fondly remember reading the magazine back in grad school.
In this post, I cover highlights of a few talks at the event and my takeaways.
Sharad Sharma, who heads Yahoo R&D in India gave an excellent keynote on the journey from offshoring to in market incubation. He described some mega trends that characterize the new problem for multinational corporations – product clutter, aggressive and nimble international and local competitors coming out of nowhere, the emergence of overnight new technology innovations and unpredictable network/viral effects (He cited Facebook’s book application having 7000 Harry Potter reviews, the largest anywhere).
His viewpoint was that captive product development (such as the India Development Centers or IDCs of Microsoft, Symantec, or Oracle) and Outsourced Product Development (OPD) firms (such as GlobalLogic and Symphony Services) is already a fading story. Rising wage costs, talent crunch, and the tapering of Operating Margin gains means only one thing – it is harder to extract more business benefits from passive captive outfits.
The solution to this new MNC problem? In market incubation. Meaning the development of innovative products and platforms for local consumers, for small medium businesses, and the reorganization of captive units and OPD working arrangements to wards a multi-hub, autonomous, and risk sharing model (Sharad cited the Airbus/Boeing component responsibility model where landing gears are made in France and wings are made in Japan as self contained units!).
Sharad ended his talk suggesting that this new incubation model would mean the emergence of 3 key positions within the Indian product ecosystem:
1. Leader of a Global Center of Excellence with ownership for global or local products
2. Intrapreneurs – who seed inhouse innovation with access to go to market channels
3. Product entrepreneurs who develop new products or support the ecosystem
The subsequent panel discussion on Leadership traits included Dr. Anil Gupta from Sun’s India Engineering Center, and Vijay Anand from Oracle.
Vijay used famous CEO/Leader quotes to bullet his views on what makes leaders tick - including CEO views on newness, on opportunity, and on value systems.
Anil chose to go back to the basics of what makes a good leader tick – having a clear conscience, a human bond with employees, a healthy body, and a strong sense of values.
He ended with a lovely poem from the ex Prime Minister Atal Bihari Vajpayee. Touche!
“..Mere prabhu Itni Oonchai mat dena..
Gairon ko gale na laga sakoon..
Itni Rukhai mat dena”
The leadership panel was peppered with references to some very interesting books on the subject of leaderhip including Straight & Crooked Thinking, Black Swan: The Impact of the Highly Improbable, Fooled by Randomness, and The Whole New Mind.
All the panelists agreed about the need to have more ‘Integrative thinking’ leaders than reductionist/conventional thinking ones – and made references to a recent July HBR article on ‘How do Leaders think’.
..Other interesting talks at the event are archived here. I enjoyed most of the afternoon talks particularly the ones by Sanjay Singh from Akamai, Ramesh Srinivasan from Bally Systems, Santanu Paul from Virtusa, Alexius Collette from Phillips, and C Mahalingam from Symphony Services.