Satyam Scam a reflection on Services Business ?
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Vishal Gondal , Mumbai:
Jan 14 2009
Made Popular Jan 14 2009
India :
I am sure by now all of you know about the Satyam scam and how the companies management was involved in a massive $2 billion scam. But one of the most important thing which this complete scam has brought out is the dwindling margins on the IT Services...
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i’m agree with ankit
All IT, BPO, KPO companies in India must give Stock Options to all its employees to prevent Wage Slavery.
Are we getting scam by this stimulus thing I think the need to slow down and make sure they get it right and stop trying to force it on us
Thanks for sharing this useful info.
Local Opinions (1)
1 Stars
One of the problems with big companies is the excessive baggage they carry. Changing from a service company into a product company is not easy, in fact this is like changing the DNA of the company.
And neither I think investors are likely to go away from their darlings sweat-shop business. Again its in DNA of investors of having herd mentality. Just few months ago every damn investor in India was ga-ga over ticketing business.
What we need is new breed of investors, who can actually look out of the box and can see the big picture. Similarly we also need is big companies to realize that instead of doing everything themselves and failing at every thing (read Reliance bigadda, big flix), they should nurture the startups. Look at US or Europe, most of innovative products have came from small time startups not from Google, Yahoo or Microsoft.
And neither I think investors are likely to go away from their darlings sweat-shop business. Again its in DNA of investors of having herd mentality. Just few months ago every damn investor in India was ga-ga over ticketing business.
What we need is new breed of investors, who can actually look out of the box and can see the big picture. Similarly we also need is big companies to realize that instead of doing everything themselves and failing at every thing (read Reliance bigadda, big flix), they should nurture the startups. Look at US or Europe, most of innovative products have came from small time startups not from Google, Yahoo or Microsoft.
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And neither I think investors are likely to go away from their darlings sweat-shop business. Again its in DNA of investors of having herd mentality. Just few months ago every damn investor in India was ga-ga over ticketing business.
What we need is new breed of investors, who can actually look out of the box and can see the big picture. Similarly we also need is big companies to realize that instead of doing everything themselves and failing at every thing (read Reliance bigadda, big flix), they should nurture the startups. Look at US or Europe, most of innovative products have came from small time startups not from Google, Yahoo or Microsoft.