Reflections on Social innovations and Post-modernism – Part II 4

This article is the second in series of articles on social innovations and post-modernism. It is about the business model innovations as viewed from the perspective of post-modernism. The first part is an introduction to the terms and definitions to set the right language and tone on post-modernism. In the previous article, we inferred that ...

Reflections on Social innovations and Post-modernism

This article is the first of a planned series of articles that reflects on the social innovations for a post-modernist society. These reflections are made from the innovations that are either happening or in the offing. It covers these innovations from various verticals like Automotive, Telecommunications, Energy, Textiles, Agriculture, Banking & Finance and Governance. In ...

Innovations @Tata group: Extrapolating to New Products Management Matrix

In this article, we will extrapolate the innovations @Tata group comprising of 200+ companies to Booz-Allen & Hamilton’s new product management matrix and see how they could be measured against international bench marking studies. In 2006, Tata group started the practice of capturing and celebrating innovations of Tata companies through Tata Innovista, which presents awards ...

Social Innovations with Islamic Finance – Part III: Integrating Islamic Contracts and Crypto-currencies for an economically integrated whole of communities

This is the last part of a three part series of articles on how the principles of Islamic finance could be applied for macro economic growth. (For first part, click here and second part here). In the previous two articles, I briefly explained the progressiveness of Islamic finance and how Crypto-currencies sans the authority of ...

Social Innovations with Islamic Finance – Part II: Crypto-currencies for an economically integrated whole of assorted communities

This is the second part of a three part series of articles on how the principles of Islamic finance could be applied for macro economic growth. (For first part, click here). One of the pillars of modern economic growth in a country is the common currency that is used as a means of exchange and ...

Social Innovations with Islamic Finance – Part I: Islamic finance principles are progressive 6

This is the first part of a three part series of articles on how the principles of Islamic finance could be applied for macro economic growth. Social Innovation refers to new ideas that resolve existing social, cultural, economic and environmental challenges for the benefit of people and planet. A true social innovation is systems changing ...

Preliminary observations on socio-economic development – A comparative study of economies

Last month, I was invited to conduct a two-day session on New Product Development by the Institute of Innovation and Entrepreneurship for start-ups in Singapore. I was amazed at the socioeconomic progress made by Singapore since her independence in 1959. A few years back, I read the book, My Life, of Cuban Leader, Mr.Fidel Castro. ...

Using Tawarruq, an Islamic contract, to build high-tech “local” manufacturing industries

Tawarruq is a debt instrument offered in Islamic finance in which a financial institution sells a commodity to a consumer on a deferred payment at cost plus profit, and the customer then sells the commodity on a spot basis to a third party for cash. Tawarruq was often linked to cases of individuals with dire ...

Exploring implementation of Islamic equity contracts in India

Two-Tier Mudarabah model is the basic theoretical model used by Islamic banks to structure Venture Capital (Iqbal and Molyneux; 2005). It is an equity-based structure used to create asset and liabilities where the Islamic bank is placed between investors and depositors who provide money and borrowers and beneficiaries who require money. On the liability side, ...

Challenges faced by first gen entrepreneurs in raising seed capital

We did In-Depth Interviews (IDIs) with select first generation entrepreneurs (in India). Some of them were successful in raising capital for their pre-revenue companies outside of FFF (Friends and Family Funds). We used an open questionnaire to help in the IDIs. Below is the summary of challenges expressed by these entrepreneurs: Investors are buying more ...