n this networked age, the importance of proper networking skills has never been felt more. Many studies have repeatedly stressed the positive correlation between the entrepreneur’s success and his networking skills. Strong contacts can not only provide business opportunities, but enable entrepreneurs to find mentors, co-founders and potential recruits. Given paramount importance of networking, many entrepreneurs have devoted significant attention to networking activities, primarily to…
Co-working Space: Catalyzing the Culture of Entrepreneurship
Demand for co-working spaces has been gaining traction around the world since its introduction in the US in 1999. The increasing trend towards entrepreneurship, over the last decade, has further precipitated demand for these co-working spaces. According to Deskmag (Co-working magazine), there are 2,150 co-working spaces worldwide, 1000+ of which are located in U.S. (a number that is growing rapidly). Over the last five years,…
Why Bangladesh will soon become a middle income nation
he Bangladesh economic story exemplifies that of an underdog which had been continuously berated and belittled by the naysayers, as it struggled to maintain its growing population and at the same time, keeping away from myriad obstacles to growth. From being termed a ‘bottomless basket’ to being earmarked as the most corrupt country, Bangladesh still has to bear the ignominy of the Least Developed Country…
Age of Transient Advantage (Part 1)
The notion of sustainable competitive advantage is dead! Sounds outrageous, sacrilegious but this probably is nearer to the reality. Let me explain why. A closer look into global competitive landscape, reveals many interesting case studies of companies’ falling from grace; be it Nokia, which recently had to sell its phone unit to Microsoft and IBM which divested their Personal Computer division to Lenovo at dirt…
Lessons from the East
It was raining, and Mr Ratan Tata, head of the Tata conglomerate, was running late for a meeting. He asked his chauffer to drive faster so he could reach his destination in time. In their frenzy to speed up, and thereby overtake other vehicles, they came across a family traveling on a scooter. And before anyone knew what happened, the scooter maneuvered in front of the…