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Showing posts from April, 2017

Taxes this year, is your incentive next year

2016 A.D will go down as a landmark year in the history of India. Demonetization came in as surgical strikes on Black Money (In the process it also temporarily affected lives or normal people who are law abiding as well - but the inconvenience was more than welcome as it was a part of the war on black money.) Let us assume that over a period of time the above initiative increases the tax paying population of the country significantly from the current single digit percentage of population who do pay taxes. It is very important for a nation to make the people lovingly pay taxes instead of grudgingly or forcibly doing so- along the lines of some of the welfare nations of Scandinavian countries. How can we turn around this behavioral trait? The below article explores a simple way to start https://www.change.org/p/finance-ministry-incentivise-income-tax-payers-make-them-feel-proud-to-pay-their-taxes When will this be a reality?

Managing Innovation

Innovation has always excited me. It meant doing something better and different from what was expected. I have invariably moved on to roles and opportunities which required innovation. In each of those roles, when it was felt that we had innovated enough at that point, I have been lucky to move on to a different role.   Over the course of my career in both IT Products and IT Services organizations, I have had opportunities to both manage innovation and be managed to innovate in structured and unstructured ways. Based on my experiences with innovation- first hand, observed and hearsay, I have tried to pen down my gospel for managing innovation. My gospel for managing innovation: 1.        Quality over Quantity One of my most important learning in managing innovation is that when it comes to innovation, quality and not quantity is the way to go. What I mean by that is, while it might seem very rational and logical to institutionalize innovation across large organizations,