“Dreamers are mocked as impractical. The truth is they are the most practical, as their innovations lead to progress and a better way of life for all of us.”
― Robin S. Sharma
As always i am back with something new and for a change a buzz word called innovation. Now we have been hearing this word tons of times in our lives . There have been products which have made our lives easy . There have been services that have been innovative so much that we these days order even glossaries online. So whats the problem . Why is the current world economy is in so distress ? I am looking for an answer and the answer lies within our pasts.
Lets take a classic example , the crisis of financial markets in 2007 . Now the reason i am talking about these crisis for the very reason that it impacted not only american economy but the world economy. Collateral debt obligations. If we take a look at the whole process it would sounds so funny that at each step of these CDO’s being sold , it lacked regulations. Many of the economists had suggested the after effects of this , but it seems that there was a element of overconfidence and lack of risk management which led to the fall of many financial which the world has witnessed. The government printing dollars , pumping cash into the markets but how long u can keep printing dollars. We had millions of people across the globes loosing their jobs , houses , many of them have to sell newspapers , what an agony.
The world is awaiting some thing and that’s what we call innovation. Now the million dollar question is how do we bring innovation in banking or financial institution ? Recently i had read an article on social banking which i had posted on my blog. I am not sure how many banks or institution have implemented this concept but i think it will be a wave of changes in the world economy . My take is we should have a networking platform for investors may be online. Some thing that would already exist but not been taken seriously . The benefit of having a social networking platform for investors would be , they will have clear ,concise and correct visibility to markets as they will be able to interact with each other. We can have even a platform for venture capitals online which if made global would not only boost economy but generate loads of revenue. Think about it. It is just an idea i am trying to suggest . Comments welcome .
People will comment on it saying its impractical . But impractical is a word ” I M PRACTICAL ”
Looking forward for replies..
This is Shwetal Signing off for now …. Asta la vista..
Shwetal – An aspiring writer.
I love being a writer. What I can’t stand is the paperwork.
Peter De Vries