“Six Billion Minds” portrays the interplay between Globalization and Outsourcing

AUSTIN - May 31, 2006 - Global Equations, an offshore advisory firm, announces it's founder's contribution in a recently released book, 'Six Billion Minds: Managing Outsourcing in the Global Knowledge Economy'. The book is a collaborative and unique attempt to awaken global thinkers, leaders, decision makers and managers alike at the precipice of globalization. ”Six Billion Minds” succinctly provisions the collective wisdom of over 30 global visionaries, thought leaders, practitioners and experts in fields ranging from Technology to Venture Capital to Outsourcing. Transcendently lucid, this effort illustrates that the concomitant rise of the knowledge economy and global sourcing is not a coincidence and that individuals, corporations as well as entire economies need to embrace globalization or run the risk of being marginalized as the world’s economic order undergoes seismic shifts. Evoking lessons from core management areas such as, permutations of business and technology that enervate organizations, the book demonstrates ways to capitalize knowledge to address such issues. "Globalize or die", provocatively says Faisal Hoque, founder and chairman of BTM Institute and a co-author of Six Billion Minds. The book evaluates blunt realities and metamorphosis that underlie trends that will drive the way companies and governments conduct business. From essays on "the disaggregated corporation" to "the myth of cultural homogenization" the book covers a wide swathe of topics that should be on every executive's mind. Endowed with a rich complexity and kaleidoscopic portrayal of issues of various hue, the book is a tapestry of thought provoking ideas, prognostications and wisdom that is at once engaging and useful in its practicality. The book also contains the 2006 Global Outsourcing report that produces some interesting results when comparing different nations and evaluating their competitiveness and attractiveness as outsourcing destinations. Anupam Govil, founder of Global Equations, and a board member of TiE Global, unravels the dynamics of global sourcing. He brings in the vision of innovation, agility and outsourcing competitiveness in an ever-connected globe. He discusses the rise of nearshoring, optsourcing and other significant trends that will eventually lead to a ubiquitous global sourcing ecosystem.
Covering demand side indicators as well as supply side strategies, Anupam explains the evolving organizational dynamics that drive new outsourcing disciplines and vice versa. "ROI calculators are being re-tooled to accommodate the long-term capital and process value benefits of outsourcing and offshoring. From one perspective, organizations are shedding assets and devolving ownership and authority to outsourcing partners. Yet from another vantage point, these same organizations could be perceived as expanding outwards to include the ecosystem of the third party outsourcing vendors", suggests Anupam. Despite rising public sentiment, Anupam advocates a organizational proclivity from closed business models for securing intellectual property to "global innovation networks". He also raises a red flag for companies that blindly adopt outsourcing in order to embrace industry trends or imitate a competitor. "The right answer lies in an organization's own ability to identify it's key drivers, risk appetite, priorities and readiness". With the impending maturity of outsourcing, Anupam deems development of breadth and depth in services an imperative for outsourcing companies. Demonstrably aligned with the present KPO segment, he proposes the emergence of smaller niche service providers. "Business services will move from ‘fixed services' to 'services-on-demand', where the service offer will be tied in to the client's own profitability", adds Mr. Govil.