Posts Tagged ‘India’

The Capitalist Heart Surgeon, Silicon Valley’s Start-up Machine, Advice for Success, Censorship and Business, Hicks on Poverty to Prosperity, Defining Competition

Friday, August 9th, 2013

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Kaizen Weekly Review highlights activities of The Center for Ethics and Entrepreneurship and recent business ethics and entrepreneurship news.
Editor
: Virginia Murr

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The Capitalist Heart Surgeon
Dr.-Devi-ShettyDubbed “India’s Walmart of Heart Surgery,” Devi Shetty is a heart surgeon-turned-businessman who has cut the cost of heart surgery by 98 percent to just US$1,555. The same procedure costs US$106,385 at Ohio’s Cleveland Clinic. This article explains that Shetty keeps the costs low in his 21 medical centers by buying cheaper scrubs, using air conditioning only in the most essential rooms, and through other efficiencies..
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Silicon Valley’s Start-up Machine
silicon-valleys-most-important-startup-factory-y-combinator-is-shrinkingY Combinator is an organization founded by Paul Graham that accelerates the early phases for start-ups. Its first graduating class in 2005 included Reddit, Infogami, Dropbox, Airbnb, and Stripe. Y Combinator holds two three-month sessions every year. During that time, start-up founders receive mentoring at regular meetings with each of Y Combinator’s partners. Read more.

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Censorship Inhibiting Entrepreneurship in Quebec
censorshipAccording to the province of Quebec’s censors, “Wellarc” is too English to be used as a business name. The entrepreneur who proposed the name is Xavier Menard, a 17 year old from Quebec. Menard is up against Quebec’s Bill 101, which requires that businesses in Quebec have French names and signs. According to this article, Menard responded to the government with a video in which he argues that it doesn’t make sense to limit the choices of Quebec businesses when the province has a high unemployment rate..
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Essential Advice for Success
bob-lefsetzAccording to Bob Lefsetz, embracing individuality is an essential cornerstone to success. Other factors include: the personal touch, quality over quantity, and understanding that talent is not god-given. According to Lefstez, “None of us are perfect, we can all improve, we all make mistakes. But let me be clear, ignore the haters, ignore advice unless you’re asking for it.” Read the article..

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From Poverty to Prosperity
saupload_poverty_to_prosperityIn this post, Stephen Hicks enthusiastically reviews Arnold Kling and Nick Schulz’s From Poverty to Prosperity: Intangible Assets, Hidden Liabilities and the Lasting Triumph over Scarcity. Hicks likes the authors’ emphasis on the foundational economic role of entrepreneurs, their insistence upon the study of real human agents, and their assumption that “win-win social relations are normal and the proper benchmark, not the usual expectation of zero-sum.”.

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Defining Competition
sports ethicistAs part of a recent seminar, Shawn Klein (a.k.a. the Sports Ethicist), developed a genus-species definition of competition. What do competition in business and sports have in common? Is war properly described as a competition? Are two animals fighting over mates or food competing? Klein elaborates on why certain aspects of competition were rejected and others included. Read more.

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See you in two weeks!

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Previous Issues of Kaizen Weekly Review.


Who Wants to Marry an Entrepreneur?

Friday, October 12th, 2012

An interesting article from the New York Times Global Edition about the social stigma attached to entrepreneurship in India’s dating scene.

Read more here.

Greener Entrepreneurial Pastures

Monday, May 2nd, 2011

A Kauffman Foundation report, “The Grass is Indeed Greener in India and China for Returnee Entrepreneurs,” concludes that Indian and Chinese students in America are more likely to return home to pursue their career goals as those economies  improve. “Most returnees now say the entrepreneurial advantages are better in their home countries, where they can benefit from lower operating costs, heightened professional recognition, greater access to local markets and a better quality of life than they could attain in the United States,” the report states. While this “reverse brain drain” will impact entrepreneurship in America, as many entrepreneurs are Chinese and Indian immigrants, most returnees still maintain their American contacts, which could create more international business opportunities.

Read the full article here.

Thulasiraj Ravilla on low-cost eye care in India

Thursday, December 17th, 2009

In India, there are 200 million people who need eye care and less than ten percent of them have been reached. Moreover, 80 percent of these eye problems can be easily prevented or treated. Thulasiraj Ravilla, Executive Director of the Aravind Eye Care System, talks about how the clinic manages to serve such a large number of patients each year, only 40% of them paying customers. Dr. V., the clinic’s founder, chose an interesting source of inspiration when looking for a way to deliver low cost, consistent, efficient service in India and worldwide – McDonald’s. Watch the video below.

The Henry Ford of Heart Surgery: Dr. Devi Shetty

Tuesday, November 24th, 2009

DrDeviDr. Devi Shetty brings an innovative approach to heart surgery in India by using economies of scale to drive the price per surgery down. His flagship heart hospital, Narayana Hrudayalaya, has about 10 times the number of beds as its typical American counterpart, and the cost of surgery averages at about $2,000, versus the $20,000-$100,000 Americans pay. But does handling such a large volume of patients affect the quality of care they receive?

Read the article at the Wall Street Journal to find out.

Interview with Reena Kapoor

Monday, February 23rd, 2009

kapoor-webReena Kapoor is the principal of Conifer Consulting, a marketing consulting firm based in Silicon Valley. A native of India, Ms. Kapoor came to the United States in 1988 to attend graduate school, received her Master’s degree from Northwestern University, and went on to work at Procter & Gamble and Kraft Foods before starting several businesses of her own. We met with Ms. Kapoor in Los Altos, California to explore her thoughts on culture and entrepreneurship and marketing strategy for entrepreneurs.

Kaizen: It is a long way from India to Silicon Valley. Where in India did you grow up?

Kapoor: Yes, it definitely is a long way. I actually grew up all over India. My father was a doctor in the army, so I had the typical nomadic army life growing up. So when I think about India—I’m from India, but sometimes it’s hard for me to pinpoint an exact region, because some of my formative years are not from my hometown, which is New Delhi, because I didn’t spend a lot of time there.

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