Tuesday, February 15, 2011
Monday, January 17, 2011
Wednesday, September 17, 2008
Tuesday, August 19, 2008
Wednesday, February 27, 2008
We hear many times that there is something different about being "Indian", many management gurus talk about how people(non-Indians) can deal effectively with their Indian counterparts. Few days back, some people were discussing on a forum that how Indian workers differ from non-Indians, the point was, Indians can not say “No”, in general Indian’s get offended very quickly.. And so on...
V Raghunathan in this book tries to explain some of these “unique” characteristic of being Indian in context of behavioral economics and game theory. Very cleverly he explains that how Indians are “privately smart and publicly dumb” people, how defaulting has been deep rooted in our thinking and behavior. V Raghunathan makes a point that, every Indian is in some kind of “prisoner’s dilemma” and how every Indian thinks that “defaulting is best way” for himself to get benefited more, which in fact is not true and even though gains might be true at individual level, we, as a society fail to succeed in long term. V Raghunathan also argues that Indians are second to none in intellectual capabilities in fact Indians undergo more extensive intellectual exercise in every situation but only to “default” with others and hence resulting in “more publicly dumb” behavior.
V Raghunathan also talks about why we lack in self regulating and punish the defaulters, our extensive intellectual exercises in “iterative prisoner’s dilemma” context, he talks about different strategies such as “tit-for-tat”, “never-again” to deal with situation and right strategy to adopt for “publicly smart” behavior which in reality results as more beneficial for society.
While many of above terms seem to more theoretical than practical, all of us see many real life examples of problems that V Raghunathan is talking about around us.
There are many examples to talk about where what V Raghunathan says is applicable. I would say this is most Practical book I have ever read and I feel what V Raghunathan says holds 100% true. More interesting stuff to think about is, how to get most out of such “systematic chaotic” situation and flourish your businesses and bring out more “publicly smart” behavior? What strategies one should adopt to build successful business around “systematic chaotic” situation?
Monday, February 25, 2008
".... In any fight, it's the guy who is willing to die, who is going to win that inch... and I know if I am gonna have any life anymore is because I am still willing to fight and die for that inch.. because thats what living is ... "