But unfortunately our prevailing education and social system doesn’t allow us to question the rationale of doing things the way it is done. The age old wisdom is seldom questioned and we are a happy bunch of people doing things the way it is being done.
It has to start at the grassroot level with our education system. In India innovation is something that is not promoted, questioning is not permitted and creativity is subdued. Information is dished out in classrooms and asked for in exams.Take, for instance, Polaroid. When Edwin Land took his daughter on a holiday and photographed her, the little girl asked her father whether she could see the picture immediately, that’s how Polaroid was created and then patented. Here was an innovator, someone who did not know that it cannot be done. We need to create a system where we develop a culture of asking questions, an inquiring society.
“Global firms increasingly realize that the bottom-of-the-pyramid markets are a source of innovation in business models — potentially, even, of “breakthrough” innovation. Innovations in technology, capital intensity, delivery, governance (e.g. in collaboration with civil society organizations) and price-performance levels are all needed to create a market at the lowest-income level. “
To “make poverty history,” leaders in private, public and civil-society organizations need to embrace entrepreneurship and innovation as antidotes to poverty. Wealth-substitution through aid must give way to wealth-creation through entrepreneurship.
I feel that the role of social entrepreneurship here will have a much greater role to play. Probably a model where the large Private players encourage social entrepreneur will be an ideal model for fostering innovations at grass root level.