Listening to Steve Tappin from Yorkshire, and he pushes the ambitions of CEO’s to be the best and be more inspirational which is his day job and his night job is the book he is writing, which is secrets of CEO’s.
Interestingly, Steve says that two thirds of Global leaders that we have at the moment are not big enough, two thirds are managers at best and they don’t have the leader’s qualities. Steve gives areas for CEO’s:
1. Business performance
2. Business leadership
3. Personal performance
4. Personal leadership
5. Talent
And after a good networking energy filled opportunity, we have Peter Rigby, Chief Executive of Informa Group plc, Non-Executive Chairman of Electric Word plc. Peter starts the day with introducing the Leaders In India and how the contribution of such platforms can make a meaningful difference to the communities we serve and as the community as a whole.
We now have Steve again talking about the TRUMP group and here we have Donald Trump. And Donald starts with the resilience of the Indian marketplace and Donald will be talking about the emerging markets in specific the Real Estate Market. WSJ has dubbed Real Estate as India’s new Tech.
It takes an outsiders perspective to look at the things that can change
Donald is sharing his experience of a conference he attended at Dubai and well how the buying patterns are evolving.
To move things forward we really have to get things back to basics.
My father was teaching me abotu business and about focus and he told a story in the early nineties which explained to Donald what focus really is. you can’t be all things to all people. One of the biggest pitfalls every one has seen over the last few years is that all are going the same direction, but in my view we have to understand the subtleties. We hence lost track of basis, we lost track of cost, margins shrunk. Its time to ge trealistic!
Why India today?
interestingly, Donald is talking about the India story and what things can you do differently and what new things can you do to move forward. In 27 years India has only had 1 year of negative growth.
Fluency in English in India is a great advantage, which I see as a great potential, as it still is the language of business
There is a level of aspirational wealth here, that you don’t see anywhere else in the world. The desire here is so much stronger that I have not seen anywhere lse in the world! People here really love try and do things. And you have to love what you do to be successful. You never will out-perform anyone else in the company if you don’t love what you do.
Urbanisation is another thing which is very rapidly growing and is a mind boggling statistic which has applications everywhere
I have always heard of the American Dream, even in Obama’s speech, but today listening to Donald Trump, creating the amazingly HUGE Indian DREAM! I am a proud Indian (as always) !
Opportunities:
- People wanna know what they are buying
- They wanna know who they are dealing with
- Creating a risk adjusted level playing field
The biggest issue in my mind in investing into any emerging market, is the lack of transparency
Certainty creates value. Without transparency its going to be difficult to create continued investment. When my own backyard is getting interesting, it creates good competition for not just the emerging markets but for everyone.
The TRUMP organization has developed a model over the last few years to do business across the globe. We dont assume that we know all things about all markets. The first emerging market which cracks the transparency code will WIN – Donald Trump Jr.
I just love the so much home grown talent in India, but that doesn’t still mean that you dont want to attract foreign talent.
You don’t get anything that you don’t ask for. And this is one of the biggest lessons I have learnt in life, which took me three years. Transfer of knowledge creates clarity. International players have not been able to get in touch with the legal system in India.
Donald Trump Jr. is now talking about Infrastructure and I agree to him on this, as an emerging market, we do need infrastructure, not just in terms of rail and roads, but also agriculture, education etc. Someone has to bite the bullet and it has to be done says Donald.
Cultural Differences
Donald Trump talks about talks about business and how it is done globally. And how people do need to understand that there has to be a common understanding in doing business. A times I go losing 3 hours on a business call which should effectively get closed in 5 minutes for me. Trump talks about creating a level play, a level playing field and I agree no less to himi on this. Business in India has to become this.
Donald, closes with his remark the potential for this country is amazing if some of these things are changed and now we are in the Q&A mode.
