“India has extraordinarily skilled technical talent but fails to create innovative products on a sustained basis” – With this paradox begins the book “From jugaad to systematic innovation” written by my friend Prof. Rishikesha Krishnan, a Professor of Corporate Strategy & Policy, and Jamuna Raghavan Chair Professor of Entrepreneurship at IIMB. I got an opportunity to attend the book launch last Friday at IIM Bangalore. The hall was packed and some people were standing. They had come to see the bridegroom (Rishi) and also to hear the bridegroom’s uncle, Subroto Bagchi (This is Subroto’s metaphor). This is a summary of what Rishi and Subroto said.
Why did I write this book? One, to promote an informed discussion on the paradox mentioned above. Second, to present a systemic view on why
The idea of this book traces its origin to a conference Rishi attended in 2002 on innovation systems. There he came across a book by Richard Nelson titled “National Innovation Systems” which presented innovation systems in various countries. The book didn’t have a chapter on
Why are Indians not so innovative? A sardar in
A salmon travels thousands of miles to hatch eggs. Out of the 2500 eggs that are laid only 2 will survive and grow up to hatch eggs. Similarly, there is a mortality rate built into the innovation process. Indian society is only beginning to understand and appreciate this.
The book launch was a wonderful experience. I am hoping it was a trailer of the experience the book will create. Let's wish the book a review rating far better than Nelson's. You can purchase the book online here.