Wednesday, September 17, 2008

Need for speed the match turning on its head by the time you have come back from the washroom.

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Automatically, those who take too long to act will be left way behind in the race. And Indian policy makers must learn to take decisions more quickly.


http://www.businessandeconomy.org/18102007/For purists, cynics and skeptics, the 20-20 cricket format was supposed to be a passing fad that would fade away like the rainbow after a spot of rain. To their amazement and shock, it has proven to be astoundingly popular, making even non-cricket fans devoted admirers. For an overwhelming majority, what makes 20-20 cricket so engrossing and endearing is the sheer pace of the match. It is all about speed; the match turning on its head by the time you have come back from the washroom. And Captain Mahendra Singh Dhoni is being hailed as a messiah not just because of his mane; but more because of his ability to adapt and take ‘quick’ decisions. As I said earlier, it is all about speed. The latest version of cricket resembles the real world – where technology, paradigms, consumer behaviour, brand equity and even the rules of the game change with bewildering speed and uncertainty.

Unfortunately, policy makers still swear by the five day test match version of the game when it comes to taking decisions and executing them. In their bestselling book, Revolutionary Wealth, Alvin and Heidi Toffler have singled out the slow pace of government related work as the single biggest obstacle to growth in the 21st century. And they were bemoaning the slow pace of the government sector in America. Imagine their reaction if they observed the pace at which policy making works in this blessed country!

The government had announced a new power policy in 1992; action, based on that policy is yet to be taken. A major committee set up to suggest reforms in the police service has been gathering dust for the last 30 years or so. The present UPA Government has set up more than 100 EGOMs (jargon for a group of ministers and bureaucrats to do nothing) to discuss the most pressing problems that confront India. Indian courts routinely take 15 years to decide and settle a case; sometimes entire generations have passed by the time the Indian judiciary delivers a verdict. It takes more than 80 days to set up a business in India (compared to just a day or so in Singapore and about a week in China); it takes even longer to close a business because of outdated labour laws! Many government institutions have websites that are not updated for months and years. The pace of globalisation is bound to intensify. Automatically, those who take too long to act will be left way behind in the race. And Indian policy makers must learn to take decisions more quickly. The age of 20-20 has indeed arrived. But knowing our policy makers, perhaps they will demand free junkets to England and Australia to ‘study’ 20-20 cricket!


Sutanu Guru


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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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