Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Friday, 4 June 2021

OPEN INNOVATION – HENRY CHESBROUGH



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When I read any book, I scribble my comments / notes in the margins


These reflect my views / opinions about what the author is saying – including my disagreement

Often, my comments are in the nature of telling myself :

Hey ! We should try out this idea in our own business ( Head-hunting / Online Recruitment )

Following are my comments re :

OPEN INNOVATION – HENRY CHESBROUGH       

                                                                                                          

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Page no . xxvii

·         In Global Recruiter Network, resumes & job advt. which get posted on any partner website, get pooled into a common . central database, accessible from any partner website. This content itself gets generated by the “users” viz: jobseekers & HR Mgrs.

·         I plan to rope In professional colleges to contribute “ Interview Questions ( They are already experts at preparing “Examination / Test “ papers.

Page no. xxviii

·         We have nearly 18000 colleague, producing approx. 4.5 million graduates each year.

·         This could happen with the launch if IndiaRecruiter. Monster/ Naukari/timesjobs may decide to follow our example of sourcing content from Google, Wikipedia/ www in general.

Page No. xxx

·         Problems of “small customers” are, How can I pay Rs. 30000/- Subscription for 3 months to Monster / Naukri, when I want to fill just ONE vacancy / year ?

·         Whereas Profile & IIT draw upon some clever software, our real challenge to Monster / Naukri/ timesjob will come in the form of our different “ Business model” viz: pay per click & partnering with several website to create a Network.

Page no xxxi

·         Should we license “Profile” s/w to Monster / Naukri/ Timesjob if they want it? Why not ? we could get a steady stream of royalty.

Page No. 4

·         There could be lesson for us here! No existing jobsite would want to partner with us, if its own “ Business Model” is threatened! Or,  if it has to become a complete CLONE of Indiarecruiter. We must find a way which would permit them to use our technology without making drastic changes.

·         Total New-comers ( who have no website of their own, as yet will be happy to join.

Page No 8

·         Profile / IIT / IIM, will no doubt undergo many “avatars” with commercial cheap availability of Broadbond, DTh, IPTV, Iphone, WI- Max, Tivo, Voice recognition, paper thin fildable PC screens.

Page No. 9

·         For Global recruiter to pursued NEW firms get to online recruitment, may not to be east. As against this, existing jobsite ( nearly 500+) are already into Onlie Recruitment business. They could be much more amenable to “License” our technology if that would help them make more money. They are already into this. Business so we don’t need to “SELL” them the “business” – only the benefits of Technology.

·         We too are combining google & Wikipedia into our offering and I am constantly looking out to plug in, some more sources of “content” to enrich India Recruiter experience.

·         May be those recruitment, agencies, which do not have an “Online” presence would likely join –us  Global Recruiter Network.

Page no.11

·         For IndiaRecruiter, (Online Recruitment) market is very well defined (with 500 & existing jobsites). Largely, I think, it is a question of being able to convince the recruiters, the benefits of Profiles IIT.

Page No. 12

·         If HR mgrs. can “experience” the difference between reading a plain text resume & interpreting graphical profiles, they will see the benefit. Online Recruitment. Few Hundred large recruiters.

·         We purposely delayed launch of India-Recruiter by 4/6 weeks, because I strongly felt that we had to make Profiles suitable for IT pros. Action, right now is in IT recruitment! That (S/W companies) is our market.

Page No. 13

India Recruiter will also cater to NON-IT recruitment. For NON-IT professionals, there will not be PROJECT PROFILE (which is to essential for IT professionals). Different configurations of Profiles, for different markets. Let us see who adopts it faster. We should know by June. I have yet to figureout Profiles for “Fresh Graduate” market of BPO’s call centres.

Page No. 15

·         “Rate US NOW-RUN” page is fine but our real feedback from customers can only come from face-to-face meetings with user HR mgrs.

Page No. 22

·         I read his book “Aims of Education” some 35 years ago. I still have the copy.

Page No. 44

·         India Recruiter “accesses” such knowledge from Google & Wikipedia.

·         When we go “open source” & publish our source-code online, it is possible that this group, continuities to “refining/re-writing” of the code.

Page No. 52

·         There were those 15000 interviewed questions on WWW. We simply downloaded these-their  built IIT around these questions. Now we have the “SEED”-around which, we will grow a “TREE”, by inviting users to contribute still more questions.

·         Next, to help users frame still more interviewed questions, we will display Wikipedia write-ups when users click on a keyword. The Writeups will give them ideas about framing further questions.

Page No. 53

·         In our “submit Resume” form, as soon as a candidate enters his birthdate, we pop-up a box which lists “other Great People with whom you share your birthday”. We have compiled this date from a publish book, Next we will download from many websites!

·         We will use Google’s Web  Analyties for this purposes. These are simply mind-boggling!

·         We will certainly find (on WWW), a paraphrasing software that will “rewrite” any given resume in less than a second! I expect jobseekers to LOVE this feature !

Page No. 56

·         We have used same “object/component” for

·         Rate us now

·         Candidate Assessment

·         EAR …. Next, we will use ti for “Antecedent Check”.\

·         There will be many more uses as we go along.

·         I firmly believe, this is the ONLY way, in which, we can ever hope to overtake Naukri/Monster times jobs. We have to harness their “knowledge” to our advantage.

·         If Profiles/IIT become popular amongst Recruiters, some jobsites will certainly come up with even better solutions.

Page No. 57

·         Global Recruiter will deliver its “Webservices” to partner & websites under a “licensing/franchising” arrangement. GR will receive 20% of partner earnings as “licensing
Fees”. Only role of partners will be to get corporates to register/subscribe to their own websites.

·         As soon as we manage to get 40/50 partner websites, I plan to shut down IndiaRecruiter. Instead of trying to earn 100% revenue, I would rather retain 20% from a large no. of partners, in order to create a huge network across the globe.

·         Someone else will, most certainly. This was first pronounced by Theodore Levitt.

Page No. 60

·         This is why, we hove built Global Recruiter & IndiaRecruiter in ASP.Net in a 5-layered system architecture involving hundreds of independent “objects/components”-allowing us to 1. Reuse these components again & again 2. Modify any component without upsetting other layers. I suppose, we can plug-in components prepared by our customers. 27/01/2007

Page No. 61

·         There are dozens of Websites offering online testing tools (psychometric/personality/Skills etc.). Possibly these tests can be plugged into Global Recruiter or Vice-Versa, extending the concept of “partners” & “Network”. On our own, we should not even try to develop on our own, all those specialized components of recruitment. For each such “Component”, there are specialist films.

·         Fortunately, we have built it “modular” from beginning.

Page No. 64

·         Online Recruitment. Millions of small/medium companies which recruit a few year. Network of Partner Websites across the world. “Pay-per-click (Like Google’s Ad Words).

Page No. 65

·         It is 2nd anniversary of my Bypass Surgery (28/01/2007). Platform exchange.

·         Profiles/IIT/Pay per click/Social Consensus /Share your knowledge/ Licensing/ Enable Partners to earn a lot with minimum investment/ efforts/ feedback loops/ MASH-UP Website/ Recommendation system.

·         Millions of small companies don’t know how to find good employees. They hire the first person that comes along! They have just ½ vacancies every year, they have very little time/ money/ expertise in hiring.

·         This is generally the scenario with big companies having large no. of vacancies that need to be filled very fast-no matter at what cost!  Always a CRISIS Situation demanding URGENT  actions.

·         There is nothing very great complicated about IIT! It is fairly simple; but great value.

·         IIT may prove to be such a “convenience”. NOW every, HR mgrs. becomes an “expert interviewer”! He does not have to depend upon consultant/ experts/ other departmental Line Mangers, to conduct interviews.

·         IIT  may prove to be a pan-reliever to thousand of interviewers who are at complete loss. What questions to ask a candidate.

Page No. 66

·         “Pay Per Click” is targeted at small/medium business to enable them to switch over to online Recruitment at a very low cost, for one/two vacancies /yr. But Profiles/IIT are targeted at BIG  companies having many hundred of vacancies of technical personnel-companies which already use jobsites & not much bothered with “cost/recruitment.

·         Profiles

·         IIT will only appeal to big companies. They couldn’t care less for “Pay-Per-Click”.

 

·         Page No. 67
Once a firm stops accepting plain text resumes and insists on Profiles only, then we will give away-FREE- a enterprise version of “GuruSearch” Searchengine to each such client-to enable offline searching of-Profiles.

·         Our model.

·         Models of Monster/Naukri/timesjobs.

Page No. 68

·         Our Network will consist of

·         Partner Websites

·         Websites offering specialized TESTING (psychometric etc.) tools.

·         Websites supplying free content (Google/Wikipedia etc)

·         Jobseekers/Recruiters offering “User created content” (e.g Resumes/Job Advts/Interview Questions/Polling).

·         Websites offering API.

·         Websites of Edu Institutes.

·         “Pay-Per-Click” is the only thing Monster/Naukri might find difficult to “imitate”. Rest everything is easy. Of course, moving away from a “STAND ALONE” Website to a network of Partner Website (Who keep 80% of revenues) can also prove difficult to imitate.

Page No. 70

·         Will managers at Monster/Naukri do this/ Viz. ignore our “Pay Per Click model because it conflicts with their own current “Subscription” model.

·         Our logic is simple entire Web is moving towards

·         SOA

·         Webservices

·         Pay per click

·         We shall adopt this model from very beginning. It is easy fro us because we are a “Start-Up”.

Page No. 71

·         Having been so successful with its Annual Subscription model in Naukri, I would not be surprised if Sanjeev Bhikchandani, opted fro same model in his new Websites for 1. Properties (9 Acres) 2. Matrimonial.

Page No. 72

·         We will “better qualify” at a much “Lower Cost”.

·         In 1968 when we wanted a Main Frame at L&T, IBM would only “rent” its 1401 model! No Outright Sale.

Page No. 73

·         Pay per Click

 

·         Our model two involves very little “down payment”  could be even Rs. 5/- !

·         I am betting that no HR mgrs. would want to keep track & “No. of Click” at Rs. 1/- per click.

·         I hope it does for us. At Rs. 1/- per download of a resume HR mgrs. may download 100 when only 10 will suffice.

Page No. 74

·         Monster/Naukri, this year will earn Rs. 100 Crores in revenue. At Rs. 1/- per click, we would need IndiaRecruiter, to general 100,000,000/- (One Billion Click) to catch up

Page No. 75

·         We will start with big companies, then move down to smaller companies.

·         IIT will offer “value” to big companies.

·         We will expect Partner Websites to do “Selling”.

Page No. 76

·         Small firms will like IndiaRecruiter, not because of Profiles/IIT etc. but because of Rs. 1/- per click (Low Cost).

·         Exactly same problem with Monster/Naukri model, when if comes to small firms wanting to fill one/two vacancies per year.

·         Small company owners will understand Profiles graphics, where they would require an HR mgrs.  and consultants to interpret a plain text resume!

Page No. 77

This is how Google has attracted millions of small business to advertise (using Ad Words)- businesses which could never dream to advertise in Newspapers or TV or hoardings.

Page No. 78

We will differ here, by enabling plug-in.

What we too, will attempt.

We will need similar no. of Partner Websites.

Page No. 79

·         May be we should enable 3rd Party developers to develop other Profiles which can be added to our own 7/8 graphs.

·         Our Lesson

·         Monster/Naukri can put together, Profiles/IIT within weeks (at most months) but;

·         They will find it difficult to switchover to Pay Per Click (but not impossible)

Page No. 80

·         Wouldn’t it be great if S/W developers (largely individual geeks) were encouraged by us to develop “Profiles Compatible” modules? We will need to open up our “source-code”.

·         Apple too is lagging behind because of this.

Page No. 82

·         The larges Network of all.

Page No. 84

·         If we want Profiles to become online Recruitment Industry Standard (ORIS) then, we must not try to “control” its future direction/development, all by ourselves. We will need to rope-in Monster/Naukri/timesjobs (perhaps starting with timesjobs).

Page No. 101

·         In our library, read book, “who says elephants can’t dance”? – Lou Gerstener

Page No. 103

·         For online recruitment, IndiaRecruiter offers “Recruitment Productivity Solutions, then Webservices, on Pay per Like basis”.

Page No. 105

·         Our own reason for ASP.net architecture for delivering webservices to all kinds of servers.

Page No. 106

For us, it would also be “extend content” (we have started with Google/Wikipedia).

Page No. 108

·         I know, We cannot have monopoly over Profiles/IIT etc. for more than a year at the most. If we want these to become industry standard, we will either need to license these or get a large no. of websites to partner with us, or both. Only way to stay ahead of Monster/Naukri would be to plug-in many more “extremely developed” modules & Web content from wherever we can find.

·         Our Partner Websites will deliver everything that IndiaRecruiter can and also keep 


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