Its a high speed ride: Are you ready ?

The speed at which the changes happen in this globally connected world is astonishing. It took several decades for TV to reach India after it came in US markets, mobile phones took much lesser time and nowadays you see launches of all the products and services happening globally. There are new technological innovations happening in the various markets which gets quickly integrated in the world markets.

The Good..

1. Innovation improves efficiency of the system, if production of particular product was taking 2 resources before, it is now taking less than 2 resources.

2. It brings bigger market for the companies. They can produce more, sell more. It might also affect the economies of scope and scale and make products cheaper. A lot of companies are getting into backward and forward integration which is improving both the margins and also reducing the cost for consumers.

3. Better products and services for consumers.

The Bad ..

1. The companies find it difficult to sell their products, specially if they are not the most competitive or do not have the quality or pricing as per world standard.

2. In a highly competitive world, the jobs will either be mechanized, outsourced or become redundant hence one has to keep improving their capabilities as per the new requirements of the market.

The Ugly ..

1. Due to higher speeds the business cycle times have reduced and the boom and bust are happening a lot faster than they usually happen. This is making a lot of people vulnerable, specially who are not financially secure.

2. Doing business becomes more difficult as the markets are moving towards perfect competition and margins are eroding very fast. Technologies gets copied very fast and companies find hard to protect the intellectual capital.


With the world changing at the fast pace, this speed is only going to increase in future as their are no breaks in this system.

How to fight uncertain World

The world and the market changes so fast nowadays that the uncertainty is something our generation needs to live with, its is more or less unavoidable. Whether its the skill requirement for any job, the technology or even the way of looking at things, it keeps changing. There is no point fighting this change, but the sensible idea should be how to minimize the risk of uncertainty for our self and our families.
For starters, few of the ways to counter such risks can be:

1.  Awareness : The first step of negotiating any risk is to be aware about it. If we as a person are not aware of the challenges and threats we are exposed to, it will be impossible to tackle the risk.

2. Corpus: Ours is the credit card generation, we buy today and earn tomorrow assuming that the tomorrow is as bright as today. I think we should always have a  corpus of savings which is liquid in nature and should be able to sustain us for a period of 6 months to 1 year.

3. Investing in the Intellectual Capital: To walk ahead of changing times, one need to keep investing in the skills and try and improve ones intellectual capital in the process.


4. Making right choices: The choices we make should be futuristic in nature and should also be something one can enjoy.

Changing times ...

The pace at which technology is progressing every day is really scary, there was a time when Hardware used to sell like hot cakes and there was no real value for software... IBM did this historical blunder of concentrating too much on Hardware and leaving scope for likes of Microsoft to develop a operating system , they realized there mistakes when they started incurring huge losses .. finally after many years they sold there hardware PC/Laptop division to Lenovo and now focusing on software developement...

Time has taken one more turn after few years, software programs became so important and vital that new range of hardware are designed just to accommodate certain software features... new handset with no appreciable change in designs but featuring advanced software applications like blackberries of the world took over the market by storm .. the change was so fast , within no time every one was checking there mails on Blackberry .

Now this was not enough for us , another big change , entrepreneurs are developing specialized hardware to accommodate just a few dominant websites , this is micro specialty feature and people are buying it without second thought. ,For example new mobiles which are face-book enabled are spending millions just in advertising their products , face-book might not be making any money but these new generation of Entrepreneur bring new innovation and changes in market are reaping the benefits ..

The change might be a bit easy for non paying users but is very tough for entrepreneurs and licensed users who spend lot of money in developing and marketing a application which goes off line in a flash .