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UNBUNDLING THE FINTECH GROWTH STORY

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 By Dr.Deepa Venugopal Last week, I was reading through innovations & rapid growth happening in Fintech and accidentally hit upon the Article in HBR written way back in 1999 by John Hager and Marc Singer – it was titled “Unbundling the Corporation”. This article throws light on the fact why many traditional (powerful) companies could not sustain their growth trajectory by doing all the jobs in the value chain themselves, and how small companies in highly specialized business thrived and unlocked the business potential and became game-changers. So, what is it that slows the pace of behemoth growth as the years pass by? Hager and Singer explain that Interaction cost is the villain. Interaction cost refers to the money and time expended whenever people exchange goods, services, and Ideas (Hager& Singer1999). Keeping the interaction cost small will make organizations nimble. This helps in better organizing the business and maintaining a strong relationship with customers. The a...

Mood Freezing

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 By Dr.J.J.Savithri Anger is red hot. Like other instinctual drives, existential experiences and primitive affects, anger can be denied or repressed. And when anger is chronically repressed, it becomes problematical, pathological, toxic and potentially dangerous to self and others. The solution, however, is not to hit a punching bag: This will not make the anger, resentment or bitterness disappear. But it will likely provide some momentary release of tension. The misconception that was held for long was that venting anger is an effective way to reduce stress. Venting feels great. It feels like if you get the bad stuff out you’ll return to normal. An experiment was conducted in the year 1984. In the experiment the subjects after being deliberately annoyed were given placebo pills which according to the instructions were supposed to calm them or at least make them believe the same. When these participants are artificially infuriated and then given the fake pill, they both reduce ...

The Mind

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By  Dr.S.T.Nambi Mind is the next most important thing after our physical body. While the body is tangible the mind is intangible and hence difficult to fathom. But what is mind? The answer still remains elusive as science, philosophy and religion conceptualize it differently. Science defines mind as the set of faculties involving  cognitive aspects and non-cognitive aspects. Cognitive aspects include things such as consciousness, imagination, thinking, intelligence, perception, judgment, language and memory. Non cognitive aspects include things such as emotion and instinct etc. Philosophers and religion answers this differently. Is the mind part of the body, or the body part of the mind? Are they same or are they different? If they are distinct, then how do they interact? And which of the two is in charge? All these inevitable questions led philosophers to propound theories such as dualism and monism. Dualism is of the view that the mind and body both exist as se...