Public / Private Enterprise Debates

Lot of messages are being exchanged these days about government giving importance to private companies at the expense of public sector companies.

Now, many people are divided either supporting or opposing unfortunately many times based on the political affiliation rather than objective analysis..

I have mixed feelings about this topic, having experienced working in both worse and best public sector culture early in my life before working in private, MNC and global companies..

time for some fundamental questions.. ofcourse these questions are fundamental and already answered at different countries around the world.. so there are lot of best practices to learn and adapt..

India specifically has the history of decentralised village economy, pre-nationalization, nationalization, economic liberalisation, globalisation and the saga continues..

The following questions are in the context of 70+years of independence, state of economy, society and its awareness..

Should government be involved in manufacturing, retail/corporate banking, IT, telecom and other consumer industries ?

Is it best served by competitive private sector providing the best customer delight? Should customer decide who will succeed?

What about geographies/industries that don’t have immediate commercial viability?

Are they better sponsored/funded by government with strict governance policies instead of directly involved in execution? Does it provide better results?

With this external funding arrangement, do we as society also know what is the cost(funds) we are paying to serve those special needs?

Does it help to uncover the lapses in service? Today the issues are brushed under the carpet and used as alibi for lack of best outcomes(profits, customer service).

Should government and legislature focus mainly on policy making and governance to avoid lapses?

Is effective governance structure needed to catch fraud at different levels ?

Government if freed from these shackles can devote time for governance and policies to promote domestic industry, create employment, better citizen services..

After 70+years of independence, is it time for us to know what is working and not working and reassess ?

Does “education” provide with objective analysis of issues to help guide and shape the discussions rather than clubbing different political affiliation into arguments?

How do we strengthen the governance processes instead? What to be done to avoid the lack of basic governance experienced with so many banks in the past few years?

Should the focus of the government be more on creating transparency and create better checks&balances in our systems?

Remembering Mahatma

Remembering Mahatma Gandhi on his birth anniversary. Mahatma is the father of the nation but also one of the key architects of this eternal land, Bharat i.e. India.

Few are destined and mandated to shape a nations history.

1. Mahatma Gandhi – Architect of Independent India

2. Sardar Patel – Architect of United India (living in Hyderabad, always indebted)

3. PV Narsimha Rao – Architect of Modern India

4. Narendra Modi – Architect of Confident India (normally we can evaluate the long term value only in about two decades later)

5. Vivekananda – Architect of Energetic India

6. Adi Sankara – Architect of Spiritual India

7. Gautama Buddha – Architect of Peaceful India

And many more..

in this eternal land of spirituality, and the epicenter of knowledge world.

Howdy, Modi

USA and India, two major democracies of the world, complement well.

India is a land of spirituality – eternal, energetic, and the pursuit of bliss

&

USA is a land of freedom – life, liberty and the pursuit of happiness

No better time than the leadership today to further it.

Howdy, Modi. wishing the event @ Houston, TX all the best.

waves of transformation in the world

Notwithstanding debates about future of automobile industry (uber/ola vs own-car), world economy will certainly be dictated by following:

– Generational/Aspirational Shift
– Business Model Shift
– Technology Shift
– Consumer Awareness Shift

Policy makers of all the major countries should be willing to address them in order to recalibrate for the new world.

Venky Rao #economy #catchthewave #transitions #aspirational #consumerawareness

Search party

Many times we don’t know ourselves.

We assume our identity to be the new clothes (new body for our soul) that we put on and forget our true self.

Then we keep searching everywhere to get self realisation.

We need to take a step back, reflect and look inside and we will be able to realise the self.

In search of truth – Blissful journeys of Venky Rao

http://www.venkyrao.com

keyūrāṇi na bhūṣayanti puruṣaṁ

केयूराणि न भूषयन्ति पुरुषं हारा न चन्द्रोज्ज्वलाः
न स्नानं न विलेपनं न कुसुमं नालङ्कृता मूर्धजाः ।
वाण्येका समलङ्करोति पुरुषं या संस्कृता धार्यते
क्षीयन्ते खलु भूषणानि सततं वाग्भूषणं भूषणम् ।।

नीति शतकम्

కేయూరాణి న భూషయంతి పురుషం హారా న చంద్రోజ్వలా

న స్నానం న విలేపనం న కుసుమం నాలంకృతా మూర్దజా

వాణ్యేకా సమలంకరోతి పురుషం యా సంస్కృతా ధార్యతే

క్షీయంతే ఖలు భూషణాని సతతం వాగ్భూషణం భూషణం

– నీతి శతకం

keyūrāi na bhūayanti purua hārā na candrojjvalā
na snāna na vilepana na kusuma nālaktā mūrdhajā |
yekā samalakaroti purua yā sasktā dhāryate
kīyante khalu bhūaāni satata vāgbhūaabhūaam ||

– Nīti Śatakam

Translation:

Bracelets do not decorate a person, nor do necklaces glittering like the moon.Nor bath, nor smearing the body with fragrance, nor flowers, and nor decorated hair.

Nor bath, nor smearing the body with fragrance, nor flowers, and nor decorated hair.

Only that speech embellishes a person, which has been upheld with cultural refinement.

Indeed, all ornaments decay. Ornament of speech is always the real ornament.

Find your game

Recently a young student shared this with me. Not just the young graduates but most of us face this at different stages of life and feel stuck. Isn’t it?

If we can’t win a stupid game, it is time to change the rules.

If we can’t change the rules, change to a better game for us.

Let that monkey and bird play that game.

There is enough water in the world for seal and fish to not only survive but have fun and live a blissful life.

Penguin will find its habitat, so are the dog and elephant and will find their strengths to blissfully live their lives rather than feeling lost and failed.

Monkey will succeed in that monkey business since even the bird will soon leave it and soar high in the skies.

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