Sunday, 27 September 2020

Indian Startup Ecosystem

 

From having a handful of tech companies to dozens and thousands of innovative new ventures, India’s startup ecosystem has grown immensely in the past decade

India has witnessed launch of more than 55,000 startups to date with more than 3,200 startups raising $63 Bn in funding in the last five and half years alone

Home to 34 unicorns, and 52 soonicorns with a potential to become unicorns by 2022, the world’s second largest startup ecosystem is poised for disruption

In just over half a decade (2014-2019), India has shown a great appetite for technology, data and the internet. The internet paved the way for thousands of startups to rise over the past decade, address unique problems, transform entire industries and create new segments!

Indicators of Growth in the Startup Ecosystem

The pace of growth in the startup ecosystem has increased to 15% year-on-year in 2018, while the growth of the number of incubators and accelerators has grown to 11%

Significantly, the number of women entrepreneurs stood at 14%, up from 10% and 11% in the previous two years.

Startups in the country have been able to create an estimated 40,000 new jobs over the year, taking the total jobs in the start-up ecosystem to 1.6-1.7 lakh

Bangalore has been listed within the world’s 20 leading startup cities in the 2019 Startup Genome Project ranking. It is also ranked as one of the world’s five fastest growing startup cities.


Drivers of Startup Ecosystem

Corporate Connect

Enterprises are realizing the disruptive potential of start-ups and are thus, partnering/investing in them. Examples of corporate support:

Facebook in partnership with Startup India disbursed cash grants of $50,000 each to the top 5 selected startups

10000 Women program by Goldman Sachs is providing women entrepreneurs all around the world with a business and management education, mentoring and networking and access to capital. 

Microsoft Ventures Accelerator Program in India has recently picked up 16 startup

Government Support

Government of India is understanding the value of working with disruptive innovators across the value chain and using their innovations to improve public service delivery.

Department of Animal Husbandary and Dairying has conducted a grand challenge in association with Startup India to award top startups in 5 categories 10 lakhs INR. 

Small Industries Development Bank of India has launched a scheme to provide assistance to existing Small and Medium Businesses in need of capital for growth

Over 26 states in the country have Startup policies. 




I Have a Dream!

 

It’s critical. Communication is a core leadership function and a key characteristic of a good leader. Effective communication and effective leadership are closely intertwined. Leaders need to be skilled communicators in countless relationships at the organizational level, in communities and groups, and sometimes on a global scale.

You need to think with clarity, express ideas, and share information with a multitude of audiences. You must learn to handle the rapid flows of information within the organization, and among customers, partners, and other stakeholders and influencers.

 

Communication—or a lack thereof—can make the difference between success and failure. Effective communication can inspire others to action, make a process go smoothly, and plant the seeds for new ways of thinking. If you have a knack for communication, you can further polish your skills by taking a look at these examples of some of the best communicators the world has seen.

Martin Luther King, Jr.

Who hasn’t heard and been touched by King’s “I have a dream” speech? The message is a beautiful one, but so was the way he delivered it. He delivered it with passion and anaphoras. An anaphora involves repeating the same phrase at the beginning of different sentences. In the famous speech, King said “I have a dream” eight times, and he repeated other phrases as well.





I have a dream today!

I have a dream that one day, down in Alabama, with its vicious racists, with its governor having his lips dripping with the words of "interposition" and "nullification" -- one day right there in Alabama little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers.

I have a dream today!

I have a dream that one day every valley shall be exalted, and every hill and mountain shall be made low, the rough places will be made plain, and the crooked places will be made straight; "and the glory of the Lord shall be revealed and all flesh shall see it together."

This is our hope, and this is the faith that I go back to the South with.

Repetition, done tastefully and in the right places, reinforces the point and solidifies it into the minds of listeners.

Oprah Winfrey

Even if you are the sort who thinks that Oprah Winfrey is a tad on the annoying side, you’ve got to admit that she does have a good handle on the whole communication thing. Winfrey understands that listening is as important—if not more important—than speaking when it comes to communicating. She speaks out about issues that are on the minds’ of the people in her audience, and she does so honestly. People trust her because she comes off as genuinely interested in others.

 Barack Obama 

President Barack Obama has been hailed as “The Great Communicator.” His ability to strike a chord with America propelled him into the White House for two terms as the leader of the free world. Political adversaries had a hard time stopping his momentum as he communicated with the American people in a way that harkened back to President Ronald Reagan.


Part of what gives Obama the ability to do great things is his skill at communicating his ideas in a way that’s easy for his target audience to comprehend. He’s able to laugh at himself and others, while acknowledging the hard work that others do to give him the opportunity to lead effectively. He knocks down barriers and communicates past the filter, giving Americans a feeling that they’re personally connected with him.

1. A third term?

If you have the opportunity to make someone laugh, while at the same time drawing a parallel to an important concept, you’re more likely to create a meaningful impression than with a sober presentation.

2. Friendship and political points.

Obama is known for being gracious and generous with his recognition of others' hard work. He also loves highlighting the idiosyncrasies of his political opponents. During his 2015 White House Correspondent’s Dinner toast, he said, “I tease Joe [Biden, the vice president] sometimes, but he has been at my side for seven years. I love that man. He’s not just a great vice president, he is a great friend. We’ve gotten so close, in some places in Indiana, they won’t serve us pizza anymore.”

 


Sunday, 20 September 2020

Learn Business communication!

 

Business communication is a complex thing. Communication as a concept means far more than just a message or a conversation. It means the mutual understanding of the subject matter and therefore, in business, communication is most imperative to get right. Everything in the workplace is dependent on good communication across teams and individuals, from the planning stages of any activity right through to the reporting of its success.

In contrast to personal communication, business communication always comes with an end goal. There is a certain amount of regulation associated with communication within the workplace, and rules that each company put into place in order to establish good business practice. Previously, business communication was limited to telephone conversations and paperwork, however now there are far more channels of communication including email, video conferencing and instant messaging.

Understand the unique skill of business communication as we break down the key concepts

There are two main types of business communication that incorporate all of the different communication channels: written communication and oral communication. Oral communication covers things such as meetings, informal chats, telephone conversations, group discussions and interviews. Written communication includes emails, instant messages, reports and documentation.

 

Based on Structure

The first one is the structure of communication; the channel used for interaction plays a vital role.

It can be further bifurcated into the following two categories:

 



 

Formal Communication

It is a regular and organised channel of work-related communication within a company, where the employees have to coordinate through a proper medium among themselves.

Types of Formal Communication Network: A communication network is a pattern designed to understand how information travels from one person to another.
Let us now go through the different networks provided under formal communication:

·         Chain: When an employee passes on official information to the other employee who further communicates it to a third employee creates a chain pattern. For example; the CEO informs the sales target to the General Manager, the GM also transmits it to the Sales Manager.



 

Wheel: When a single employee communicates any organisational information to a group of co-workers, a wheel pattern is formed. For example; Team leader reading out a circular issued by the management in front of other co-workers.



Circular: An employee communicates information to his colleague, who passes it on to another co-worker and so on. The message passes from one employee to another and finally reaches to the person who initiates the process.



Free Flow: In this type of network, no particular pattern is followed. Information is spread in a non-systematic manner by anyone. For example; in an emergency condition in the organisation, say in case of a short circuit, the information is randomly spread among the employees.



Inverted V: Under this network, the subordinates can communicate directly with their immediate senior as well as their senior or top management too. For example; sales executives can interact with their team leader as well as with the manager.



Informal Communication

It is an unofficial form of communication arising out of friendship or casual relations, where the discussions may or may not be related to the work or the organisation.

Types of Informal Communication Network: Though there is no particular system which is followed for informal communication, still following are the four informal networks identified:

·         Single Strand: Similar to the chain pattern, in single strand too, the information goes on passing from one person to another; then to the next; and so on.



·         Gossip / Grapevine: One single person spreads information within an informal group where the message may or may not be valid. This pattern is also called as grapevine.



·         Probability: It is similar to the gossip pattern, but here, it is not necessary that everyone is involved in the communication.



·         Cluster: When a person passes on information only to his trustworthy people believing that they won’t tell it to anyone, but they do the same thing. Thus, the message spreads to a selected group of people; this network is known as a cluster.



Based on the Medium of Communication

The way a message is framed and the channel used for sending information to the receiver determines the following forms of communication:


    

Verbal Communication

Transmission of information which is enclosed in words whether written or said is known as verbal communication.

A message framed in words when spoken to the receiver is termed as oral communication. It includes face to face interaction, calls, voice calls, video calls, a recorded message, etc.

Non-Verbal Communication

As we say ‘actions speak louder than words’, expressing information other than words is known as non-verbal communication. Any communication remains incomplete without the use of non-verbal means.

There are different types of non-verbal communication, including kinesis, paralanguage, chronemics, artefacts, proxemics and haptics.

Kinesis refers to interactions through facial expressions, body language, eye contact, gestures, postures, etc. However, paralanguage is the way we speak, i.e. tone, volume, pitch, etc.

Artefacts include the appearance, personality, dressing sense and presentability of a person. Whereas, chronemics is the timing, punctuality, pause etc. while speaking.

Proxemics is the distance which a person maintains while communicating with others, speaks a lot about the relation between the two. Lastly, haptics or the touch also inform about the feelings and expressiveness of a person.



Indian Startup Ecosystem

  From having a handful of tech companies to dozens and thousands of innovative new ventures, India’s startup ecosystem has grown immensely ...