The High Performing Entrepreneur: Golden Rules for Success in Today's World

Citation

Das Gupta, A. (2007), "The High Performing Entrepreneur: Golden Rules for Success in Today's World", International Journal of Social Economics, Vol. 34 No. 10, pp. 781-782. https://doi.org/10.1108/03068290710816900

Globalization and After

Samir Dasgupta and Ray Kiely (Editors)

Sage

New Delhi

2006

443 pp.

Foreign Capital, Inflows to China, India and the Caribean: Trends, Assessment and Determinamts

>Arindam Banik and Pradip K. Bhaumik

Palgrave‐Macmillan

Hampshire

2006

209 pp.

Entrepreneurship, globalization and innovations

In the first book, Subroto Bagchi, Co‐founder and Chief Operating Officer of MindTree Consulting, an upcoming IT‐solutions enterprise, based in Bangalore, India, draws upon his own experience to offer guidance from the initial stage to the operational level. This includes, according to Bagchi, taking decisions, selecting a team,defining the values and objectives of the organizations, charting‐out the business plan, managing adversity and building the brand.

Bagchi is convinced that high performance entrepreneurs create great wealth as they drive innovation. Citing his own company MindTree, he further elucidates that as entrepreneurship is a creative process, it can deeply be rewarding simply as a journey itself.

He highlights some lessons, 12 in number, in entrepreneurship from the Indian IT‐sector and he sums‐up by observing that the great value is born out of the feeling that an enterprise is like a piece of land we all have been give. Our charter is to create unusual, lasting value out of it – value that nourishes other lives.

This book gives a very good reading. Spontaneous, free flowing and true to the points.

The second book, edited by two eminent sociologists, one from India, another from England, emphasized that globalization has far reaching consequences for the world community. Analyzing the issue from a variety of theoretical and disciplinary perspectives, the contributors from different parts of the world, address a number of important questions which include:

1. 1.

   Does globalization involve integration on a worldwide scale or will there be a leaving‐off, or even a reversal?

2. 2.

   Encouraged by market forces, will privatization and deregulation of economies increase, or will there be a shift in direction, or even a reaction?

3. 3.

   Will globalization lead to a new world order?

4. 4.

   Is there an alternative to globalization?

With these potential questions in mind, the editors have, very aptly, raised a platform to throw open a debate from the contributors. This edited volume captures the essence of both the empirical and conceptual reflections, which leads the reader to conclude that the process of globalization is far from uni‐linear and there is no turning back.

The third book highlights the facts that revolve round the issues relating to foreign capital and their inflows, which are large and diverse in the context of both developing and developed countries. While a substantial fraction of foreign capital can be explained by select economic variables, the country‐specific factors account for more of investment inflows in China, India and the Carribeans.

India and China have often been compared in terms of their performance. In recent times, foreign direct investment (FDI) and economic growth has been a common focus of comparison between these two countries.

On the other hand, studies on the Carribeans reveal an interesting contrast due to its close geographical proximity to the developed economies.

The immense diverse pictures in India, China and the Carribeans enable us to analyze the subject from different perspectives.

Though it is very difficult to make any predictions regarding the future, one thing is very clear, the authors claimed. The pace at which changes are taking place in the world economy, including changes in the market structures, technology, customer preference and the new product development requires the companies and the countries as well, respond to these changes. The authors further conclude that by bringing a large part of their population to the economic market place, Indian China and the Carribeans along with other developing economies will set free their innovation potential. When this happens, the authors observe, the world will surely be a different place.

The book is well articulated, properly chiseled and adds no pepper to the product. There lies the strength of a book on economics.