Forbes India - Jun 04, 2010 Issue

ISSUE DATE Jun 04, 2010

FORBES INDIA 1st ANNIVERSARY EDITION

ANNIVERSARY ISSUE THEME: The Anniversary issue is focused around one question. What is the one idea that which can change the world? The question has been thrown to some of the biggest pioneers and thought leaders in the world, both from India and abroad. The names include people like Tom Davenport, Dan Ariely, Tarun Khanna, David Livingstone Smith, Arun Maira, Padmasree Warrior, Anand Mahindra and Deepak Parekh.In addition, the issue will also contain a "report card" for Forbes India. The magazine will showcase about 20-25 of the most significant stories we have done over the last one year and how the story has progressed since then.

ANAND MAHINDRA, MD, MAHINDRA & MAHINDRA

BIG IDEA: "BUSINESSES SHOULD LOOK BEYOND PROFITS" Of course, the need for financial returns is, and always will be, self-evident. A healthy bottom line is not just what shareholders require, it`s a resource enabler for all other good things. But it`s also time to move on. The world has shrunk considerably, and resources are so excruciatingly finite, that not just governments, but businesses also need to change their vocabulary and move to a more collaborative approach. Competition will remain fierce, but a zero-sum approach to competitors and a`hunter-gatherer` interface with the environment is no longer sustainable.

MUHAMMAD YUNUS, NOBEL LAUREATE & SOCIAL ENTREPRENEUR

BIG IDEA: "SOCIAL WORK SHOULD BE IMPLEMENTED THROUGH NO-LOSS, NO-DIVIDEND BUSINESSES" Charity money goes out to do good things, but that money never comes back. It is a one-way route. However, if a charity can be converted into a social business it becomes a powerful undertaking because now the money invested is recycled endlessly: a charity dollar has one life; a social business dollar has endless lives! That`s the power of social business. A social business is a business where an investor aims to help others without taking any financial gain himself, while generating enough income to cover costs. The time is right. The technology is right. The climate is right. Let`s take action, and replicate social businesses the world over

TONY FERNANDES, CEO, AIR ASIA

BIG IDEA: "THE WORLD SHOULD ADOPT A SINGLE CURRENCY" Taking out speculation from the financial market will be an uphill task. But one starting point could be the move to one single currency. We did well with gold as a unified currency for so many years, I don`t see why we cannot do this again. Or a single UN currency unit. Or even the dollar, which we all follow in any case.