Wealth creation and not wealth redistribution must be our goal. Creating enabling conditions for entrepreneurs, celebrating their successes and promoting entrepreneurs as role models is a critical part of the task ahead.

As HCL celebrates its 30th Anniversary, Prof. C.K.Prahalad reflects on the nature of entrepreneurship that makes such success possible. It may be useful to distill the core elements of its success.

• Aspirations must exceed resources (A>R)
• Strategic Intent – Folding the Future in
• On Weak Signals: The Next Practice
• Passion and Integrity

Those core elements are relevant not only for HCL, but for Indian business, he reckons.

More at Economic Times

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