Hubballi :

Infosys mentor NR Narayana Murthy on Saturday highlighted the role of competition in corporate entrepreneurship in sparking enthusiasm.

At a panel discussion, titled ‘Scaling by Proving’, at Development Dialogue-2015 here on Saturday, Murthy said such competition will help the sector scale newer heights. “At Infosys, we have a clear policy of disseminating innovations.”

In a lighter vein, he let out a trade secret: that entrepreneurs claim to crave competition, but in private, detest any such practice.

Madhu Pandita Dasa, head of Akshaya Patra Foundation, pointed out that the organization currently has no competitor, but dissemination of knowledge and encouragement will help others join the sector of social entrepreneurship. “Being a non-profit set-up, we are ready to pass on our functioning model.” He said stakeholders in the sector aim at minimizing expenses rather than focusing on profits.

Jeffrey L Bradach, co-founder of The Bridgespan Group, said experimentation, innovation and working in sequence will lead to success. “Support from the information technology sector can give a boost to social entrepreneurship.”

Murthy explained that social entrepreneurs works in% areas where the market is not yet developed, while corporate entrepreneurs function where there is flow of capital. “But, there is a need to focus more %on efficiency and communication among social entrepreneurs as compared to corporate entrepreneurs.” The discussion also focused on career opportunities in social entrepreneurship.

Kasturi Rangan of Harvard Business School, USA, moderated the session.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Hubballi / TNN / February 08th, 2015