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Published on: Mar 4, 2016
Transcripts - Political entrepreneurship
PoliticalEntrepreneur:Time Has ComeBy Dr. Sreenivas Rajan
Introduction• Political Entrepreneur has to face uncertainty like any other entrepreneur (Nohria and Anand,2001)• From ideas to execution, the pressure is on the political entrepreneur• Insititutions, people and power are the hallmarks• Sophisticated People Strategy• Information technology, Social media and social movements are key to success
Introduction• Bangalore and the outsourcing revolution are political opportunities.• Political workers and their ability to influence the poor and needy• Political entrepeneur has to influenced by great traditions of India.• Political Entrepreneur has to use to the organization to leverage political issues.• Fundraising and financing is very important to the entrepreneur.
Introduction• Quality of campaigning, quality of interaction with workers, quality of delivery to voters, quality of political process.• Feedback to the party and learning about the voters requirements is a key asset of the political entrepreneur.• Strategies and plans to win in the face of competition is important to the political entrepreneur.
Characteristics of thePolitical Entrepreneur• Hubris is the cause of the fall of many political leaders.• Teamwork and humility is required in the modern days.• Every Krishna has his Sudama, an humble friend who is a reminder of the problems of the voter.• The ego of the entrepreneur like Gandhi should be in the service of the nation
Characteristics of thePolitical Entrepreneur• Run a vast network of contacts to get first hand information of the country.• Cultivate contacts at the government and get information , energy and policy tips which will help the government programs and the entrepreneur• Various regions in India and various institutions, Entrepreneurs has to maintain contacts and use social media to raise resources for the people
Characteristics of thePolitical Entrepreneur• Resources (resource based view of the firm) are very important to the entrepreneur. Financial resources, human resources are required.• Core competence is required in raising unique political capital and approach to issues.• For example, Narendra Modiji is able to raise resources by offering a unique mix of religion and development.
The population ecology ofpoliticians• Cautionary note on the failure of most entrepreneurs including political entrepreneurs.• Inertia and not responding to voters and changes in the constituency are key culprits in the failure of political entreprenuer• Some politicians like AK Raja misuse office for power and corruption and criminalisation lead to the failure of political entrepeneurs.
Entrepreneurial Action:The need of the hour• In the days of illiteracy, rigging and corruption, the voter had no choice, Political entrepreneur has to offer the choice to voters.• The voter has seen some development and the entrepreneur has to mobilise the voters for more development• Uncertainty, ambiguity and doubt plague the voters, and the entrepreneur has to send clear signals about the growth of country
Entrepreneurial Action:The need of the hour• Action has to be clear/ Indecisiveness and little action are seen negatively by voter• Action on security and economic fronts is required.• Right to Education has been recognised but raising the resources and implementing the decision requires political skill• Action is required against corruption and neptoism, moral challenges are to be faced with strict action
Where to Begin: The longroad to success• Incomplete thoughts have to be broadbased by feedback to have impact on the voters• Quality of ideas should be improved by leveraging schools of thought in universities• For e.g Barack Obama has benefited from the Chicago school of economics• Ideas should be expressed in the media and expanded on until they are accepted by the voters
Where to Begin: The longroad to success• Baseless allegations and media rigging has to be countered by the entrepeneur• Foreign powers such as CIA could well try dirty tricks and entrepreneurs should counter these dirty tricks• Gandhi said that India lived in the villages. (Gandhi 2011) Political entrepreneurs are very much required to advance rural isssues.• Promises have been made and the entrepreneur should deliver them
Where to Begin: The longroad to success• Entrepreneurs have different styles such as creative, softspoken or hardhitting• Entrepreneurs such as Ronald Reagan are known for communication of complex issues such as Star Wars to the American public• Ideas should be inclusive. Ideas that favour one group only should be avoided. The broad range of society should benefit.(Campbell,07)• Leadership is required such as projects that
Ideas and Action• Swami Vivekananda urged the nation to stop not until the goal is reached• The entrepreneur should achieve credible progress using internet and social movements• The idea of green utopia should be matched by practical action on the environmental front.• The Ganga Action plan is a success but more action is required on the environmental
Ideas and Action• The promise of egovernance requires action and to take advantage of the success of mobile phones to launch mobile governance (Gupta and Chaturvedi, 2008)• Microfinance, Microbusiness and micromarketing can help launch the next generation of business for the masses• Security of the country requires ideas such as national counterterrorism and preparation of citizens against security threats such as
Institutions and thePolitical Entrepreneur• Institutions are value based and are the bulwark of the country.• For development, political entrepeneur should take advantage of institutions such as IDBI Bank, World Bank and United Nations• The Aadhar project launched by UIDAI is a major initiative to enable the masses.• NSSO, CRISIL, CMIE and other statistical institutions provide the political enterpreneur the knowledge about the economy
Institutions and thePolitical Entrepreneur• Educational Institutions such as IIT and IIM are catalysts for the higher development of the country.• EDI is another institution that can support microfinance activities with entrepreneurship training and increase revenue of people• Exim bank and various export councils are important to benefit from trade and globalization.Cities such as Surat and Bangalore benefit from globalization.
Institutions and Action• Managing the mammoth insitutions to achieve performance for the poor is challenge.There is lot of inertia.• Corruption and apathy should be targeted by motivated and integrated efforts.• Our courts are jammed with millions of cases. Fast track courts, Lok Ayuktas and ecourts can speed up the judicial logjam.• Political Entrepreneur has to deliver justice and democracy in terms of fair elections
Institutions and Action• Institutional reform and Institutional effectiveness are required to be faced by the political entrepreneur.• System requires feed back and institutions such as media and CAG should help the entrepreneur to hold institutions accountable.• The vast r&d system of the country including CSIR, DRDO and IITs should be upgraded and capacities increased to unleash
People and the PoliticalEntrepreneur• People of the country include farmers, soldiers, woman, brahmins, the underprivleged, the villagers.• Parties that cater to regional aspirations and parties that cater to underprivileged such as BSP are drawing the political capital.(Swain 2002)• Right education and a mix of modern and traditional systems are to be harnessed by political entrepreneur.
People and Action• People are to be united through media and the internet and collective action should be unleashed.• The energy of the people should be productively harnessed and the frustration of the people addressed.• Action is required against forces that are against people including woman and political entrepreneur should make use of the private sector.
Leadership and thePolitical Entrepeneur• Leader comes up with an appropriate method to solve the problems of the people• For E.g. Manmohan Singh brought several reforms in the country to face the currency crisis.• Anna Hazare took action of fasting to fight corruption• Leaders should not kowtow to criminal interests and morals should guide the political entrepreneur
Leadership and Action• This is the 21 st Century and leadership of the political entrepreneur should suit the current times.• For e.g. Rajiv Gandhi found out that funds meant for development were diverted.• It takes many years to debate policies and many years for results to show once policy is implemented.• The long term interests of the country should guide the political entrepreneur.