I do not remember where exactly I read this. Probably it was in an American book called "In Search of Excellance" or something like that.
It said that in America, everyone tries to become No.1 in his or her own field. Because No. 2 or No.3 have no value.
A doctor in Delhi told me about one Private Hospital. The management of this Hospital hired only Doctors who were No.1 in their respective field of specialisation. They were paid double salary.
The point is, being No.1 was making a lot of difference.
2. When a person tries to become No.1, he will naturally have to beat some person who is already at No.1.
So to beat that existing No.1, the new comer will have to innovate something which is better.
This necessitates innovative thinking culture.
A culture where everyone may be trying to innovate and to become No.1.
3. Innovation brings wealth. Everyone wants to buy something which is "New" and "Better". People are willing to pay something more for "New" and "Better"
This brings wealth to nation.
Haresh Raichura
(Lawyer, Supreme Court of India), on twitter @hareshraichura, profile on LinkedIn as Haresh Raichura
