Startup fever in Southeast Asia and its implication for India to improve indispensable public services(11)

Implication of Southeast Asia's startup fever for India to improve public services

In spite of the snowballing increase in the number of Indian startups, not many young CEOs seem fascinated in jumping into the public sector. Most local startups have been allegedly involved in the apparently growing and thus lucrative business fields such as e-commerce, accommodation and transportation industries. 

Of course, this is no exception to their peers in Southeast Asia. However, continuous efforts to tackle long distorted public services have been reported from Southeast Asia. 

 

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(11)

Implication of Southeast Asia’s startup fever for India to improve public services

In spite of the snowballing increase in the number of Indian startups, not many young CEOs seem fascinated in jumping into the public sector. Most local startups have been allegedly involved in the apparently growing and thus lucrative business fields such as e-commerce, accommodation and transportation industries. 

Of course, this is no exception to their peers in Southeast Asia. However, continuous efforts to tackle long distorted public services have been reported from Southeast Asia.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(9)

Implication of Southeast Asia’s startup fever for India to improve public services

Additionally, as widely known, some CEOs of top-tier multinational technology companies like Google, Microsoft and Nokia have been supplied from the vast pool of Indian IT talents. Under this circumstance, the Indian government has also come up with a new initiative, 'Startup India', to foster startup ecosystems in the country since 2015. 

The purpose of Startup India is to generate startup-friendly environments for young entrepreneurs to unfold their unfettered business spirit in the ever-changing digital period.

Startup fever in Southeast Asia and its implication for India(11)

Implication of Southeast Asia's startup fever for India to improve public services

In spite of the snowballing increase in the number of Indian startups, not many young CEOs seem fascinated in jumping into the public sector. Most local startups have been allegedly involved in the apparently growing and thus lucrative business fields such as e-commerce, accommodation and transportation industries. 

Of course, this is no exception to their peers in Southeast Asia. However, continuous efforts to tackle long distorted public services have been reported from Southeast Asia.

Startup fever in Southeast Asia and its implication for India(9)

Implication of Southeast Asia’s startup fever for India to improve public services

Additionally, as widely known, some CEOs of top-tier multinational technology companies like Google, Microsoft and Nokia have been supplied from the vast pool of Indian IT talents. 

Under this circumstance, the Indian government has also come up with a new initiative, 'Startup India', to foster startup ecosystems in the country since 2015. The purpose of Startup India is to generate startup-friendly environments for young entrepreneurs to unfold their unfettered business spirit in the ever-changing digital period.

Startup fever in Southeast Asia and its implication for India(12)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services 

In spite of the snowballing increase in the number of Indian startups, not many young CEOs seem fascinated in jumping into the public sector. Most local startups have been allegedly involved in the apparently growing and thus lucrative business fields such as e-commerce, accommodation and transportation industries. 

Of course, this is no exception to their peers in Southeast Asia. However, continuous efforts to tackle long distorted public services have been reported from Southeast Asia.

Startup fever in Southeast Asia and its implication for India(10)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services 

Additionally, as widely known, some CEOs of top-tier multinational technology companies like Google, Microsoft and Nokia have been supplied from the vast pool of Indian IT talents. 

Under this circumstance, the Indian government has also come up with a new initiative, 'Startup India', to foster startup ecosystems in the country since 2015. The purpose of Startup India is to generate startup-friendly environments for young entrepreneurs to unfold their unfettered business spirit in the ever-changing digital period.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(9)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services

Additionally, as widely known, some CEOs of top-tier multinational technology companies like Google, Microsoft and Nokia have been supplied from the vast pool of Indian IT talents. 

Under this circumstance, the Indian government has also come up with a new initiative, 'Startup India', to foster startup ecosystems in the country since 2015. The purpose of Startup India is to generate startup-friendly environments for young entrepreneurs to unfold their unfettered business spirit in the ever-changing digital period.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(8)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services

Now the thing is not in quantity but in quality in India. In spite of the snowballing increase in the number of Indian startups, not many young CEOs seem fascinated in jumping into the public sector. Most local startups have been allegedly involved in the apparently growing and thus lucrative business fields such as e-commerce, accommodation and transportation industries. 

Of course, this is no exception to their peers in Southeast Asia. However, continuous efforts to tackle long distorted public services have been reported from Southeast Asia. For instance, Halodoc, an Indonesian health tech startup, has been providing tele-consultations with doctors, pharmacy delivery, and at-home lab services through its mobile application with reasonable price options to remedy the underprivileged public access to the medical service.

Startup fever in Southeast Asia and its implication for India to improve indispensable public services(6)

Startup fever in Southeast Asia and its implication for India to improve indispensable public services

What has been undergoing in Southeast Asia can be observed in India as well. It is mainly because India is fairly conditioned with established resources needed for nurturing entrepreneurship in the wake of the digital era. It is little doubt that India has been highly appreciated for its top-notch technology and IT manpower in an international stage. 

The fact that India has made it to develop and discharge its own nuclear weapons and artificial satellites shows the state-of-the-art level of scientific achievements of the country. Additionally, as widely known, some CEOs of top-tier multinational technology companies like Google, Microsoft and Nokia have been supplied from the vast pool of Indian IT talents.

Strategy is in Knowledge Management(6)

Global Mando, strategy is in knowledge management

In the wake of Asian financial crisis back in 1997-1998, Mando went bankrupt and froze out all corporate expenditures. However, Mando strategically didn't stop investment in knowledge management. As a result, Mando finally revived with 41 billion won in net profit in 2008. 

With high recognition of Mando's knowledge management, Korea's top business daily, MAEIL Business Newspaper and BOOZALLEN Korea awarded Mando the best prize in knowledge management in 2007. In fact, Mr. Oh Sang Su, CEO and president of Mando in 2007, valued knowledge management as the indispensible part of the corporate strategy.

Broadening Global Horizon and Establishing Rich Friendship(6)

Broadening Global Horizon and Establishing Rich Friendship

In this time of economic downturns when CEOs (Chief Executive Officer) seek more business opportunities from liberal arts, non-business curriculums made EWKLP classes richer and richer. Moreover, the fact that not all instructors are full-time professors rings a big bell to me. Some instructors are involved in real business practices such as consulting, leadership and legal industries. Also, some of the guests run their own business globally. 

In that even full-time MBA education pays more and more attention on real work experience these days, through non-academic instructors, delivering the hot issues of the outside world is remarkable merits of EWKLP. In doing so, not only EWKLP succeeded in differentiating itself from similar scholarship programs, but also students could balance between the 'Gemba' and textbook theories and models as a professor Ikujiro Nonaka pointed out during his class. These lessons approached me as something more global, timely and practical.

Broadening Global Horizon and Establishing Rich Friendship(1)

Broadening Global Horizon and Establishing Rich Friendship

Before coming to Hawaii, in my application forms to JAIMS(Japan-America Institute of Management Science), rough expectation on EWKLP(East-West Knowledge Leaders Program) went like this: EWKLP will be of great significance to me. By studying various subjects of business, I can not only deepen my knowledge but also harmonize my experience, as a journalist, with theory. That could explain why lessons from EWKLP will lead me to make more profound articles on business practices. 

I have little doubt that 3 months in Hawaii will absolutely help me realize my lifetime goal, contributing myself to my country. In this time of financial crisis, insightful articles can make people happy. It can change the world, too. State-of-the-art business cases will also give new ideas to business leaders in Korea with whom I have had firm relationship. Interviews with CEOs and corporate management convinced me that they are dying for new and practical business principles.

Broadening global horizon and building up rich friendship(6)

Broadening global horizon and building up rich friendship

As a management institution, to some extent, business related subjects are mostly stressed over the whole curriculum inevitably. However, time to time, non-business subjects, to name a few, philosophy, anthropology, Buddhism and Confucianism, decently covered as well. 

In this time of economic downturns when CEOs (Chief Executive Officer) seek more business opportunities from liberal arts, non-business curriculums made EWKLP classes richer and richer. 

Moreover, the fact that not all instructors are full-time professors rings a big bell to me. Some instructors are involved in real business practices such as consulting, leadership and legal industries. Also, some of the guests run their own business globally. 

Broadening global horizon and building up rich friendship(2)

Broadening global horizon and building up rich friendship

Interviews with CEOs and corporate management convinced me that they are dying for new and practical business principles. In addition, EWKLP will serve a good chance to promote Korea to foreign friends. 

In spite of strong economic size and potentials, Korea is one of the undervalued countries in the global stage. Some business sectors such as semi-conductor, shipping and automobile industry, Korean companies are leading the world. 

By actively introducing Korean companies and their success stories to classes, I want to let EWKLP participants know more about Korea. At the same time, I will do my best to be more aware of neighboring countries. 

How I became interested in Southeast Asia(1)

Brief story of how I became interested in Southeast Asia including Indonesia

I spent most of my early days in the society at a newspaper company after finishing my bachelor's degree of business administration at Seoul National University. Starting from the industrial section followed by the social section, the corporate section and the real estate section at Maeil Business Daily, I worked hard for about 6.5 years as a journalist. 

Though I was still young, I could broaden my horizon by interviewing various leaders in the Korean society such as CEOs and university presidents. In addition, I went business trips to more than 30 countries to navigate new articles outside South Korea. 

Flights to Americas, Northern Europe and Oceania surely enlarged my global insight. Memories of visiting member countries of Southeast Asia including Vietnam, Singapore and Malaysia and writing stories on Korean companies in the region are vivid as ever.

Knowledge Network is Power(4)

'Global Mando', Knowledge Network is Power

In fact, Mr. Oh Sang Su, CEO and president of Mando in 2007, valued knowledge management as the indispensible part of the corporate operation.

"Mando's development history is totally attributed to knowledge management. Over the past 10 years, all employees of Mando are deeply involved in as many as 243 communities of practice, global conference system and e-campus. In doing so, all knowledge is shared and core competency has been strengthened."

He added, "Measuring the value of knowledge asset and converting it into numbers for the first time in Korea is also big fruits of knowledge management. As a matter of fact, knowledge management contributed Mando as much as 144.1 billion won including core knowledge asset value of 81.9 billion won over the last 7 years." 

Essay for EWKLP application(2)

Essay for EWKLP(East-West Knowledge Leaders Program) application

In this regard, EWKLP will be of great significance to me. By studying various subjects of business, I can not only deepen my knowledge but also harmonize my experience with theory. That could explain why lessons from EWKLP will lead me to make more profound articles on business practices. 

As I have a plan to commit myself into Maeil Business Newspaper for the time being, three months in Hawaii will help realize my dream of contributing myself to my country. In this time of financial crisis, insightful articles can make people happy.

It can change the world, too. State-of-the-art business cases will also give new ideas to business leaders in Korea whom I have had firm relationship with. Interviews with CEOs and corporate management convinced me that they are dying for new and practical business principles.

Strategy in Knowledge Management(3)

'Global Mando’, Strategy is in Knowledge Management

In addition, Mando's knowledge management implies a lot to the Korean corporate sector. Mando is the first Korean company which developed its own performance evaluation indexes and used it to measure how much knowledge management contributed to the corporate performance and how big the net value of key assets are.

In doing so, Mando could manage the goals of knowledge management effectively and make strategic successes consequently.

In the wake of Asian financial crisis back in 1997-1998, Mando went bankrupt and froze out all corporate expenditures. However, Mando strategically didn't stop investment in knowledge management. As a result, Mando finally revived with 41 billion won in net profit in 2008. With high recognition of Mando's knowledge management, Korea's top business daily, MAEIL Business Newspaper and BOOZALLEN Korea awarded Mando the best prize in knowledge management in 2007.

In fact, Mr. Oh Sang Su, CEO and president of Mando in 2007, valued knowledge management as the indispensible part of the corporate strategy.

Broadening Global Horizon and Building Up Rich Friendship(3)

Broadening Global Horizon and Building Up Rich Friendship(3)

Most of all, I want to give big applauds to diversity of instructors and subjects. Of course, it is true that majority instructors come from University of Hawaii. Taking the geographical characteristic of Hawaii into consideration, it is not something disappointing. In fact, class enjoyed quite a few instructors from different regions all over the world. From Switzerland, England, mainland America to Chinese, Japanese and South American backgrounds, faculty diversity gave the entire class a big hand to share different values and gain global perspectives. 

Just like the instructor profile, course work profile was also colorful. As a management institution, to some extent, business related subjects are mostly stressed over the whole curriculum inevitably. However, time to time, non-business subjects, to name a few, philosophy, anthropology, Buddhism and Confucianism, decently covered as well. 

In this time of economic downturns when CEOs (Chief Executive Officer) seek more business opportunities from liberal arts, non-business curriculums made EWKLP classes richer and richer. Moreover, the fact that not all instructors are full-time professors rings a big bell to me. Some instructors are involved in real business practices such as consulting, leadership and legal industries. Also, some of the guests run their own business globally.

In that even full-time MBA education pays more and more attention on real work experience these days, through non-academic instructors, delivering the hot issues of the outside world is remarkable merits of EWKLP. In doing so, not only EWKLP succeeded in differentiating itself from similar scholarship programs, but also students could balance between the 'Gemba' and textbook theories and models as a professor Ikujiro Nonaka pointed out during his class. These lessons approached me as something more global, timely and practical.