Working in a recession-hit economy/ business environment is challenging to any entrepreneur – whether he is seasoned or novice ; only the degree of frustration will vary based on what he can do and he cannot do. In these business situations, deployed resources are always a derivative of the business process to mitigate business risk … Continue reading
In recent times, I was reading a review of the book “Serial Innovators – The firms that changed the world” by Claudio Feser, Director, Mckinsey & co. : where he talks about the need of serial innovators in the corporate world and presents several tips on survival. Interestingly, he talks about creative destruction (paradoxical term?) … Continue reading
I recollect that day well. It was year 1990; Aviation sector was just thrown open to Private sector for the first time in India after ‘too long’ depending on inefficiency of Indian Airlines, the loss making national airline. I had chosen to fly by Damania Airways from Bombay to Goa. The flying time was only … Continue reading
More often, it is considered that in order to be an effective leader, it is important to have a high IQ and be authoritative – well, not anymore! Daniel Coleman, an accomplished authority to discuss and/ or write on ‘Emotional Intelligence’ as a subject differs as ever before. In his latest effort to eulogize EQ … Continue reading
‘Entrepreneurship is the act of being an entrepreneur, which can be defined as “one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods”. This may result in new organizations or may be part of revitalizing mature organizations in response to a perceived opportunity. The most obvious form of … Continue reading
Quite often, the term ‘learning organization’ is used in lateral level discussions, I say lateral because the term has become quite common to ‘impress’ our peers and colleagues. Actually what is a learning organization? Why has it come into existence in recent times and what are the benefits enjoyed by such organizations? The questions are … Continue reading
Some people say – it is being affirmative; some call it prayers to God (which is nothing but auto-suggestion); it is said, only leaders can visualize success; I strongly feel, every successful person succeeds twice in every mission – once in his mind and the second time in practice or action! Focused meditation, praying, visualizations, … Continue reading
The lifeblood of any small business is its customers. And I know this fact for sure! For that reason, it is crucial that I satisfy my clients in order to promote my business. Why not reward Loyalty? – Although like others, even I aspire for a steadily increasing flock of new customers, it is the … Continue reading
Yesterday, History repeated itself!! On Saturday, 2nd April 1983 – Kapil Dev and his devils (as they were called then!) picked up the ICC World Cup trophy for the first time ever, after defeating the then cricket favorites West Indies team! Indian Cricket Captain ‘Cool’ Mahendra Singh Dhoni and company defeated the defending champions’ Australian … Continue reading
Being in a position to lead a team to a successful completion of a project can be more challenging than doing the task at hand. How can you get your team to get excited and feel as though his or her contribution to the project is just as important as everyone else’s? The answer is … Continue reading
Organized retail market constitutes to only 5% of the total retail market size in India, valued at about US$ 435 billion and organized retail is focused only in the metropolises. Food inflation has not climbed down much from the high of 18.33%; besides being marginally less by 3-4% – especially, when there is criminal waste … Continue reading
There comes a time for any corporate – to give back in return to the society that has provided them ample opportunity to generate profits for itself. This thought or attitude is already there in the developed world especially in the United States and it is just getting appreciated or noticed in small measure in … Continue reading
More often, I have come across many managers who do not want to delegate. Whether it is for self–survival or plainly lack of interest to give themselves a chance to grow – in my opinion, they do not really appreciate the cause to delegate. Delegation serves two purposes. Firstly, it assists you in managing your … Continue reading
Loneliness is a problem for many; especially the old. But, what I am writing is not about loneliness; it is ‘solitude’ wherein one cherishes to be alone. One should strive to experience solitude earlier and in effect, gain control of his mind. Such a controlled mind creates focus in the task taken up, builds self … Continue reading
In most organisations – an innovation is challenged first, as a result of resistance to change – a typical ‘drawback’ encountered amongst successful business professionals! As Vijay Govindarajan, in his book, “The Other side of Innovation”, states, ‘There are many typologies that classify innovation efforts on the basis of their possible strategic impact. Innovations can … Continue reading
Team work is critical; especially with the tasks becoming of multi-disciplinary nature and having ‘sacrosanct’ deadlines to be met. Even, the required aptitude is divided across many individuals and not depending on only one! But, can we assume that if we ‘add more women’ in a team because they are socially intelligent – team’s performance … Continue reading
To believe one is immortal or available all the time? Quite often, such a belief is the flaw in many leaders; they do not take care of succession planning! In any company, private limited or public listed – there is a tendency of the management not to delegate when it is required to do so; … Continue reading
“You may be deceived if you trust too much, but you will live in torment if you do not trust enough” – Frank Crane quotes Personally, I believe that every relationship is built on trust! For example: employer-employee, parent-child, husband-wife, student-teacher, buyer-seller, customer- sales executive!! Essentially, most of the tasks require multiple talent/ abilities and … Continue reading
Books & Stationery is a highly ‘commodity driven’ and fragmented market and it is largely an unorganised sector. There is great difficulty to earn brand equity or loyalty; and, the organised part is controlled by leading players like Navneet notebooks, Sundaram notebooks, Camlin, new players like ITC group and Staples Inc. Even then, the purchaser … Continue reading
There is no workbook that can help on how to develop Intuitive powers and there is no ‘necessary’ age, experience or any other requirement to be intuitive. It is either you have it or you do not! As human beings, we are the only species blessed with cognitive and analytical ability to understand new situations … Continue reading
