employment opportunities is ‘follow the
money’.
I do not mean try to get the largest
salaries, but actually know where the
capital is flowing. When companies get
their funding, they expand. Don’t wait
for a job posting. Approach them first.
Do not focus on mature markets.
Please focus on emerging markets. There
are two great areas to start your career in
the current down market: they are the
nonprofit and government sectors.
You need to create your own job opportunities or start your own business when
companies stop hiring. Every time that I
Where are companies losing their effectiveness? Which items are companies
not getting to and what is the dollar
value? Think of barriers to entry, which
sectors or businesses are easier for you to
get into a business and keep others out?
Focus on industries or companies that
make it difficult for someone to compete
with them. For example, the McKinseys
of this world, the IBMs of this world, are
busy charging $10,000 a day for consulting. If you want to be a consultant, look
at where are the gaps. Where do the big
firms not tread because their overhead is
too high? There’s a whole industry there
— Tata Consulting Services, CGI and
others focusing on adding value, focusing on technology integration, focusing
on implementation and change management. Think about that as potential
future career opportunities.
South Asian students are very good at
analyzing situations and coming up with
solutions. South Asian students and professionals are sometimes challenged in
knowing how to effectively communicate
their recommendations in the most professional, persuasive and compelling
way.
Another trend in Canada and global
business that will affect all of you is a
decoupling away from the dependence of
the US as our primary trading country.
That’s a growing trend. There’s less trust
in the politics, in the business practices,
governance, reporting requirements and
the confidence that the US would be able
to pull us out of the current global reces-
JOSEPH PALUMBO
Firstup, somequestionstopon- der: What are South Asian business students good at? What gives us the edge in North America? What are
South Asian business students not good
at? What should South Asian business
students do to improve themselves?
