EU

Mantra For C-Suite Executives In Finland & EU Who Want To Really Grow Their Business (Hint: It Involves Emerging Markets)

~ Venkata Gandikota
Source: Wikipedia
Source: Wikipedia

I would like all C-Suite Executives, be they from Startups, SMEs or Big Corporations, to repeat this “Mantra” every day right after they wake up.

Domestic Growth Is Not Enough For My Business

Exports To Developed Economies Is Not Enough For My Business

Growth For My Business Should Increasingly Come From Sales In Emerging Economies

The last part, especially, will not magically happen. They will need to understand the market and create or co-create solutions that B2B and B2C customers in those emerging markets will buy. There is definitely space for high cost solutions but more often than not the solutions that are needed are those that have these Frugal Innovation attributes: quality, sustainable, accessible and affordable.

Discrepancy Regarding Available Jobs (Be It ICT Or Others) And Available Workforce

~ Venkata Gandikota

Just was going through this EU Thematic Fiche (background document) – DIGITAL SINGLE MARKET: DIGITAL SKILLS AND JOBS

This report was shared by a colleague on Facebook and I wanted to get my 2 cents out there.

Screen Shot 2016-07-07 at 18.15.40

Screen Shot 2016-07-07 at 18.15.08

Looking at Figure 1 and Figure 3, Finland has clearly highest per capita in having digital skills and at the same time also the highest share of them in the ICT industry. It is also the highest share in EU! If ICT professionals are also one of the most needed employees in EU but there is still huge unemployment in Finland and taken together with the economical situation of Finland, sadly something is really wrong.

The articles and reports I read on the discrepancy regarding available jobs (be it ICT or others) and available workforce is that there is no skills match and especially in startups, it seems they would rather have someone with the readily available skills rather than train them on the job.