Adapting non-linear thinking will transform possibilities into productivity from buzai232's blog

Dizzying technological developments paired with constant upskilling have brought about a change in the Indian economic model. The introduction of hyper-personalization, Flexi-staffing, and gig-economy are gradually changing the concept of employment as well as consumption patterns. India already houses more than 47 startups, a rising number of nascent entrepreneurs, and a total of 27 percent Gen Z population [as per the EY analysis of World Bank Population Projections and Estimates .To get more news about hankotrade reviews, you can visit wikifx.com official website.
Despite the shift towards more inventive and progressive ideologies and technologies, our tendency to remain risk-averse regarding our lifestyle and career seems to sustain itself. In a context like such, with the volatility brought about by Covid 19, adopting Non-linear thinking in business models is the need of the hour. Ronnie Screwvala, Co-founder and Chairperson, upGrad recently released a report on the subject. The entrepreneur, philanthropist and author spoke to Deepak Lamba, CEO, Worldwi ..

Although a strong arbitrage economy, India lacks concern regarding intellectual property. Most of the most value-generating tech firms globally are still emerging from the US and a few from other European countries. While Indian entrepreneurship is coming of age especially with more funding and stellar IPOs, we have a long way to go when it comes to building product companies.

According to the World Economic Forum, by 2025, there is a possibility of 85 million jobs being displaced due to the division of labour between humans, machines, and algorithms. However, 97 million new job opportunities will also surface due to the same. It is significant to consider that our rootedness in past-based security may paradoxically end up becoming the greatest hazard to our economy.
As per a Harvard study, cognitive psychology has proved the human mind’s struggle in understanding non-linearity. However, a business cannot be truncated and success cannot be measured in just outcomes and implications. Today, the conventional strategy of assessing future performances through past outcomes fails to be effective. As the past becomes less relevant, advances, circumstances, and resources also face a change. Through risk-taking and assessing success-failure ratios, non-linearity ins ..

As per a Harvard study, cognitive psychology has proved the human mind’s struggle in understanding non-linearity. However, a business cannot be truncated and success cannot be measured in just outcomes and implications. Today, the conventional strategy of assessing future performances through past outcomes fails to be effective. As the past becomes less relevant, advances, circumstances, and resources also face a change. Through risk-taking and assessing success-failure ratios, non-linearity ins ..

Senior employers are often not well-versed in emerging skills, and owing to their seniority and experience, it may be different for them to admit their shortcomings. However, showing vulnerability is an integral part of good leadership. According to a study by Michelle McQuaid, the willingness to be vulnerable makes leaders more relatable and trustworthy. Moreover, it helps establish a space where taking accountability goes hand in hand with a willingness to accept feedback. Inability to do so c ..

With India preparing for industrial advancements, it is significant that the economy entails more job creators than job seekers. To the same end, we must value skills and redefine education as a continuing process beyond degrees. Furthermore, leaders must look into creating a hybrid between specialists and generalists.

Although the global impact of Covid-19 has catalysed a need in business models to constantly rework their strategies, it is apparent that risk-aversion has become more common among people. To become a 5 trillion economy, we need to move past the comfort of the cost arbitrage approach to creating products and intellectual properties along with owning patents. When it comes to nascent and aspiring entrepreneurs, they must realize that permanently sticking to a job is never guaranteed and that the ..

Although ideologically and technologically progressive, Generation z exhibits greater risk-aversion pertaining to investments and career. With constant economic disruption and changes in the model of education, it is the need of the hour for the up and coming generation to adopt the intellectual model of non-linear thinking and pave the way for open-innovation beyond the precedent logic. According to the RBI report about the Start-up India Programme, 45.1% of the people partaking in entrepreneur ..