WFH Daily #129: Value lies in the eye of the beholder

July 30: Five must read books; Ben Evans on the conflicts tech regulators face; WFH blues

Founding Fuel

[Image by Pixelkult from Pixabay]

The Accidental Apprentice, a fictional account by Vikas Swarup, a spokesperson at the Ministry of External Affairs, has an interesting cast of six characters. One among them is Swapna Sinha, a salesgirl at a jewelry store who has been snubbed by a star actor. The narrative has it that an actor’s expensive ring falls into Swapna’s possession. But in her pique, Swapna feels conflicted about whether or not to return it. 

Swarup, who is also the author of Slumdog Millionaire, describes his protagonist wrestling with the dilemma, from her surroundings in New Delhi. 

“On Monday, 3 January, I do something audacious. I actually wear the ring when going to work in the metro. It is an act of calculated defiance. I rotate my wrist, bite my nails, wave my hand, to let the rush-hour crowd know I’m wearing a two-crore bauble. I want them to notice the size and sparkle of the diamond, to hear their oohs and aahs, but I get no reaction at all. No one takes the slightest notice of me or the ring on my finger. That is when it hits me. They think it’s a cheap cubic zirconia ring, the type you can pick in Janpath for a few hundred rupees. They know that someone with a real diamond does not travel in the metro. A bitter sweet smile crosses my lips at the irony of it all. Even if I wear a real diamond, people will think it is a fake. And, even if Priya Capoorr wears a fake diamond, people will think it is real. We never really see things as they are. Just as beauty lies in the eyes of the beholder, value lies in the beholder’s mind.”

What conflicts are you wrestling with? How are you dealing with it on a Thursday morning? Let us know.

In this issue.

  • Five business books you should read this year
  • Should we regulate Big Tech?
  • The solitude of workplace

Founding Fuel Exclusive: Five business books you should read this year

D Shivakumar, President (Corporate Strategy and Business Development), Aditya Birla Group, shares his five favourite business books. 

  • More by Philip Coggan: This is not an economics book, it is more a story of how our ancestors lived and progressed through time.
  • Grow the Pie by Alex Edmans: Edmans, through pragmatic research done over years, points out that social value or delivery to society need not be in conflict with shareholder value.
  • Samsung Rising by Geoffrey Cain: Geoffrey Cain is a journalist who tracks the rise of Samsung, its follies, its scandals and what makes it win in very competitive industries. Samsung was my competitor when I was in Nokia and they were a very different mixture compared to other competitors I had faced. 
  • The New Long Life by Andrew Scott and Lynda Gratton: I liked the book because it made me think of how society will cope with this new trend of people living longer.
  • Shorter by Alex Soojung-Kim Pang: Alex Soojung-Kim Pang has been studying people and their interface with technology for 20 years. In this book, he argues for the four-day week where one works less, is more productive and one focuses on what’s important in one’s life.

Dig deeper

Should we regulate Big Tech?

Since the beginning of this year, technology analyst Benedict Evans has flagged some urgent questions that need much thinking through. Ought the Big Tech companies that are now all pervasive be regulated? To place these questions in perspective, he writes, “Tech has gone from being just one of many industries to being systemically important to society. My old colleague Marc Andreessen liked to say that ‘software is eating the world’—well, it did.”

“The trouble is, when tech becomes the world, all of tech’s problems matter much more, because they become so much bigger and touch so many more people; and in parallel all of the problems that society had already are expressed in this new thing, and are amplified and changed by it, and channelled in new ways. When you connect all of society, you connect all of society’s problems as well. You connect all the bad people, and more importantly you connect all of our own worst instincts. And then, of course, all of these combine and feed off each other, and generate new externalities. The internet had hate speech in 1990, but it didn’t affect elections, and it didn’t involve foreign intelligence agencies.”

Dig deeper

The solitude of workplace

How are you coping with the WFH life? Is it getting on your nerves? Are you missing your workplace and colleagues? Let us know what’s on your mind. Tag us on Twitter @foundingf or head to our Slack channel where the conversations are on.

And if you missed previous editions of this newsletter, they’re all archived here.

Bookmark Founding Fuel’s special section on Thriving in Volatile Times. All our stories on how individuals and businesses are responding to the pandemic until now are posted there. 

Warm regards,

Team Founding Fuel 

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Founding Fuel

Founding Fuel aims to create the new playbook of entrepreneurship. Think of us as a hub for entrepreneurs- the go-to place for ideas, insights, practices and wisdom essential to build the enterprise of tomorrow. It is co-founded by veteran journalists Indrajit Gupta and Charles Assisi, along with CS Swaminathan, the former president of Pearson's online learning venture.

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