Dr. Naresh Singh
B.A. (Honours.), M.A. (Sociology), M. Phil.,Ph.D., M.B.A. (Finance)
Asia-Pacific Entrepreneurship Development Institute, popularly known as Asia Pacific EDI is an institution of excellence in training, academic, research, publications, project management and consulting in the fields of corporate entrepreneurship, small & medium enterprises entrepreneurship, entrepreneurial education and social entrepreneurship. Entrepreneurship development is the key engine of economic growth, job creation, employment generation and poverty alleviation.
The history of civilizations on the earth everywhere started with entrepreneurship by developing agriculture, industry, trade and infrastructure. For instance, the world’s oldest famous Indus Valley Civilization was full of entrepreneurial adventures. It was started around 3000 BC, developed from 2600 BC to 1900 BC and known through archaeological excavations. The other contemporary civilizations of Mesopotamia (3300 BC), Egypt (3100 BC) and Yellow River Culture of Northern China (2000 BC) were equally adventured with entrepreneurship culture. Indus Valley Civilization produced sophisticated articrafts and handicrafts such as seals, tokens, figurines and jewellery made of stone, terra cotta, lapis lazuli, bead, copper, bone, ivory, ceramic, gold, silver and shell. Standardized weight and measurement systems reflected the organized trade in these civilizations. Products brought from Mesopotamia, Iran and Central Asia, were traded for raw material and precious metals. The trade network expanded and linked up to Syria, Sumerians, Anatolia, Persia and the Indus Valley.
20th century was the century of unemployment and job-seekers due to the reasons of two world wars, many colonial countries were given independence by the imperialist countries in devastating economic conditions and thereafter cold war between USA and former USSR. 21st century is the century of entrepreneurship development and the of the job creators. It happened because of the processes of glasnost and perestroika started in former USSR by the then President Mikhail Gorbachev in late 1980s, processes of liberalization, privatisation and globalization started world over in 1990s, spread of information technology and the young entrepreneurs came forward to adopt innovations and start new ventures. Futurologist Alvin Toffler indicated about this changing scenario world over in his three books in sequel i.e. The Future Society, Power Shift and The Third Wave.
The veteran author and Pulitzer Prize Winner Thomas L. Friedman wrote a famous book titled “The World is Flat: A Brief History of the Twenty-First Century” published in 2005. By giving examples from India, Iraq, China, Japan and USA, Friedman developed his theory of flat world by describing its main factors as fall of the Berlin Wall, Netscape went public, work flow software, uploading, outsourcing, off-shoring, in-sourcing, in-forming and the technologies steroids. He also talks about three facilitating convergence for these factors. The first convergence is web-enabled platform that allows for multiple forms of collaboration. The second convergence is the appearance of a set of business practices and skills. The third convergence is the entry of three billion people onto the playing field. Thus, Asia Pacific EDI has a strong conviction that entrepreneurship is the key mantra for economic growth and improving quality of life of the people in the present world.
Famous management author Jim Collins wrote a book titled “Good to Great: Why Some Companies Make the Leap…and Others Don’t” published in 2001. Collins developed a new management theory focusing on entrepreneurship. He described number of management, personnel, operational, behavioural and attitudinal practices that become supportive for making companies good to great. In his theory building, he narrated that most companies focus on what to do and ignore what not to do or what they should stop doing and suggests that tradition or industry standards should continuously be monitored and evaluated. He also mentioned the term “Level 5 Leadership” and used it to describe a certain type of leaders who were seen among many of the companies, who made companies from good to great. They were having characteristics such as humility and professional will towards excellence. He further described another usage “First Who… Then What” and recommended a winning team in organization having strong character, work ethic, intelligence and dedication. He further stressed on ability to succeed finally, the hedgehog concept of using core solution to competitive threats and changes in the industry, culture of discipline and the flywheel concept of relentless pushing to get it to turn over again and again with more powerful force. Getting inspiration from these seminal publications, Asia Pacific EDI developed corporate entrepreneurship, small & medium enterprises entrepreneurship and entrepreneurial education as its key thematic areas for its programmes.
Poverty anywhere in the world is the enemy of prosperity everywhere in the world. The issue of poverty can be addressed by inculcating entrepreneurial culture in the society. World renowned Management Guru C.K. Prahalad in his famous book titled “The Fortune at the Bottom of the Pyramid: Eradicating Poverty Through Profits” published in 2005 developed distinguished theory of social entrepreneurship. This book is not about the business process outsourcing (BPO) but it is about the bottom of the pyramid (BOP), the real source of market promise. The basic preposition of the book is that companies can make a bigger profit by focusing on the market share consisting of people who earn less than US $2 per day and the world’s fastest growing market is at the bottom and not at the top of the fortune pyramid. Management Guru C.K. Prahalad challenges common beliefs of business about the world’s impoverished and introduces to the BOP, an untapped market of more than four billion people, many of whom are seen as poor. His vision is centred around the idea that if we stop thinking of the poor as victims or as burden and start recognizing them as resilient and creative entrepreneurs and value-conscious consumers, a whole new world of opportunity will open up. What needs is to find new and innovative approaches to rise to the challenge of this fast growing population. Based on these prepositions, Asia Pacific EDI developed thematic area of social entrepreneurship for its programmes.
Asia Pacific EDI fosters entrepreneurial environment in the fields of corporate entrepreneurship, small & medium enterprises entrepreneurship, family businesses entrepreneurship, new venture / start-up entrepreneurship, entrepreneurial education, social entrepreneurship, livelihood promotion, social development and women empowerment in Asia-Pacific region by getting supports of Governments, international development & funding organizations, educational institutions and NGOs.
Advisory Board Members of Asia Pacific EDI, having background of IITs, IIMs and leading business schools of USA, Europe and India, are internationally renowned professionals from diverse background to provide leadership to Asia Pacific EDI and developing its institution building processes. Faculty Members of Asia Pacific EDI are well experienced and capable enough to deliver programmes in the thematic areas of entrepreneurship viz. corporate sector, SME sector, education sector and social sector.
I am confident and hopeful that in the times to come Asia Pacific EDI will emerge as a leading institution in India, Asia-Pacific Region and globally to serve the great movement of entrepreneurship development.
Dr. Naresh Singh
Asia Pacific EDI