Tuesday, May 5, 2009

Super specialist unemployment and business opportunity

With demand for goods and services ebbing in most parts of the developed world, specialists who were hitherto accepted to be the critical components in a business are finding themselves being asked to either take early retirement or are shown the door. Talented people are suddenly finding themselves without work. 

On the other hand economies like India and China while there are large numbers of educated graduates, there are relatively few highly experienced super specialists. These economies were largely command and control economies where bureaucrats played and to a large extent still control the top decision making jobs. 

The private sector institutions in these institutions are starved of top quality talent. Business opportunity for talented people who are getting de-mobilized in the West exist in these countries. The trick is in finding, accessing and capitalizing on this.  

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