New face of rich world

My trip to Hong Kong to celebrate the New Year 2011 was awakening of sorts. A city which seems to have the highest density of population also for sure looked very rich and looked neat and clean from everywhere. The infrastructure was superb and new constructions happening at every new space available. Whatever was available was well maintained and certainly was better than any infrastructure I have seen in US and Europe.

A Chinese professor who happened to meet us on the trip explained that why China is not pushing very hard on making English as the language which their population needs to learn if they have to develop. Rather, China will be the power centre where the world will be coming to work in future and they will have to learn Cantonese and Mandarin instead. His claims seemed to be very real. I could see a lot of expats in Hong Kong and was told that China is having a very large number of them with an increase every day.

It was also a very interesting fact to understand that over last two years the number of tourists top Hong Kong are from China and India. The change is evident as food joints seems to be serving Indian fare much more than what I saw five years back. I was surprised to find Tandoori dishes at Airport with authentic Indian taste. Europe and US travellers held the top slots earlier.

World order certainly seems to be changing. Year 2011 will be a challenging year for the world for various reasons. US and Europe, who are already advanced are seeing their economies slowing down. UK is looking at increasing taxes and costs of essential commodities are increasing. At the same time, UK is staring at job losses and stagnation of salaries for the lucky ones. This is similar to what countries like Greece, Portugal, Spain, France and many other European countries are facing today. This situation will affect the spending pattern of the general population and will result in even more job losses, crime and this cycle will continue unless there is some external help. The developed countries are being pushed back to a “developing” state while countries like China, India, Russia and Brazil are developing much faster than they ever had.

It is not wrong to say now, Asia is the emerging economic superpower and would be sustaining the rest of the world in decades to come.

Alok Kumar

Alok Kumar is Managing Partner of SRKay Consulting group, a private equity company, nurturing innovative ventures. Alok also serves on the board of ICCL (Indian Clearing Corporation Limited - A subsidiary of BSE- Bombay Stock Exchange) as an external advisor for technology and information security. Prior to this, Alok had been Managing Director of Sears IT & Management Services India Private Limited (SHI) since its inception in December 2009 and served in the same position till very recently. Having been in senior IT management positions in Fortune 500 companies, Alok has won several national and international awards. Alok is instrumental in planning and setting up SHI and thereafter growing it to a multi-locational thousand-plus people organization. Over the last five years, with his strategic vision, Alok helped SHI grow roots in India, develop and support technology applications and infrastructure across core mainframe, cutting edge e-Commerce and big data technologies. With his unique people-oriented transformational leadership style, Alok turned SHI into one of the most valued investments of Sears, garnering great ROIs, and creating value much beyond cost arbitrage. Under his tutelage, SHI has filed two patents and is recognized widely for its best practices in various areas, the latter, currently featured in Indian Institute of Management (IIM) case studies. SHI also became a CMMI Level 3, PCMM Level 3, and ISO 20000 certified organization. Alok is a widely acclaimed corporate leader in India today. He regularly participates and leads various forums as a keynote speaker and is an author of several books in different genres. Alok has several awards to his credit. He is particularly known in the industry for his people management skills and innovative ideas in improving the productivity of employees through unique people practices. He has been credited with the following industry awards: ¬ Emerging Leader of the Year award 2013 by ¬ Game Changer CEO of the Year 2013 (SHRM) ¬ CIO 100 - The Bold CIOs - 2008 (Reliance Infosolutions) ¬ CIO - Ones to Watch Award 2008 (Reliance Industries) ¬ Extended Manager Award - CIOL 2004 (Tata Teleservices) As an able leader of SHI, Alok got SHI recognized widely in the industry with the following several awards: ¬ CII Award for HR Best Practices in 2014 ¬ Global Excellence in Outsourcing Award - AIOP (Phoenix 2013) ¬ IT Innovation Award (Design & Engineering) - Computer Society of India 2012 ¬ Golden Company of the Year - Economic Times 2011-12 ¬ 7th Employer Branding Awards - World HRD Congress (Mumbai, India) 2013: • ‘Asia’s Best Employer’ Award • ‘Best HR Strategy’ in line with business • HR Leadership Award • Talent Management Award by Bloomberg TV India ¬ Employer Branding Awards - World HRD Congress (Singapore, Asia) 2013: • 7th rank in ‘Asia’s Best Employer’ award • Award for ‘Best HR Strategy’ in line with the business • HR Leadership Award Other recognitions: Alok had served on the distinguished panel of NASSCOM's GIC (Global In-house Centers) National Council members. The council members play a key role in major initiatives of the industry and include the torch bearers of IT industry as panel members. Books and Papers: Alok is an established author, with three books to his credit. Alok’s third and latest book, a novel, “The Spy from Unaula” is a 2015 publication. A handwriting analysis enthusiast, Alok collaborated with his wife Nandani on the book, “Handwriting Speaks” in 2006. “Value Sourcing – Future of IT Outsourcing” was co-authored with Keith Sherwell (currently CIO, Altice USA) and was released in 2013. Alok also researched and published two whitepapers: a. “Creating next generation captives” talks about the best practices that are helping generate higher value from the IT company captives.

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