Did you know : Bangalored

Bangalored is a neologism and used as a verb. Bangalored is used to indicate a layoff, often systemic, and usually due to corporate outsourcing of the business function to lower wage economies. The word is derived from Bangalore, India, which houses many outsourcing centers for Western economies.

It refers to people who have been laid off from a multinational company because their job has been moved to India (outsourced — a business practice designed to save money that is arousing passions in some countries, especially Britain and the United States). Bangalore is cited in particular because of its reputation in the USA as a high-tech city, and widely regarded as the Silicon Valley of India that has benefited significantly from such outsourcing.

Bangaloreophobia refers to fear of Bangalore or fear of losing jobs to Bangalore.

source : http://en.wikipedia.org/wiki/Bangalored

Is World still not flat enough !

Ya, its official news now, Google have gobbled yet another dot com startup (rather a giant in its field), YouTube famous for free video sharing which lets users upload, view, and share video clips. A company just started just in 2005 at San Mateo, US with a small sum of money and innovation done by just three people.

This success story leads me to a question,"Why can't we Indians come up with such an Innovation ?" Its said that "the world has gone flat" which allow anyone anywhere in the world to fight with even the giants in the same level. We are able to access same material which any US innovator can through the World wide web, we are able to communicate between each other on web in the same way how an US innovator does through IM and phones. Still why are we not able to come up with these type of innovative product based startups. What are we lagging in ? Is that world is not still flat enough ?

One of the problems which I find is that Indian companies are not supporting innovations in our country at that magnitude which is required to. Let’s take an example of supportive innovation of Google, Google has something known as Google Labs which comes out with new new product at a frequent interval of time. It support the new ideas which comes out of its Employee and try to incubate it with moral and monetary support. As a result the new products of Google comes up.

Why can’t an Indian company like Infosys or TCS or Wipro come up with its own incubators or Labs ? Why can’t they come open into the product based business rather sticking itself with the Service oriented business culture. Infosys, TCS and Wipro each have huge employee strength of 65,000 each. Only thing they need to do is to give them chance to think and express their ideas. Surely from this 65,000 employees each company can get enormous number of practical innovative ideas. Which can be latter incubated and nourished. If they, then India is going to see a sea change in the scenario in the near future. Hope the next startup which Google is going to gobble be from India !

News which lead to this thought: Google Buys YouTube for USD1.65 billion

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