My hotel reception guys were a bunch of jokers, very handsome, helpful indeed :) whenever I used to approach them, they all 3 used to give me a very funny & weird smile. Gosh guys are so difficult to understand.
Thursday, June 23, 2011
A secrete pray during my Barcelona trip
My hotel reception guys were a bunch of jokers, very handsome, helpful indeed :) whenever I used to approach them, they all 3 used to give me a very funny & weird smile. Gosh guys are so difficult to understand.
Monday, June 20, 2011
From a Girl to a Women
A feminist during her college days,
is career-minded and career oriented.
play the game of hide and seek with her suitor,
dare to stay happily unmarried all her life.
buy flowers for herself,
feel the wind on her face,
go camping, biking,
be shy, be bold,
trust men occasionally,
give that second chance to everyone,
be a romantic,
get emotionally hyped over nothing and cool down suddenly,
go on a diet, yet eat chocolates and ice creams,
love being a woman,
get high and stay high on life, love her man and her reflection,
learn to love herself,
kiss herself goodnight in the mirror,
break rules – lead the dances,
drive her man’s car,
manage his business, wear his clothes
yet know that he’s a man and she’s the woman,
get flattered,
wear latest fashion and wear fine diamonds
for no special reason,
lay down principles in her life,
go out for window shopping all alone,
know the way to her man’s heart,
never forget the girl within.
Friday, June 17, 2011
Analysis of source of competitive success
It was a privilege being invited to be a part of Chief-Executive forum where Prof.Sharon Belenzon from Duke University shared his 3 case studies, giving a different prospective towards “Analysis of source of competitive success.
Cirque-du Soleil: Company which found the mantra of success in a dyeing industry like Circus
Strategic Analysis majorly includes how the market is moving & how we can bring more value to customers. A dyeing industry is where we see inability to Innovate. Prof shared the case study of Cirque-du Soleil a company which stepped in the dyeing Industry like circus and proved that with innovation profits are guaranteed.
Things that they did:
- Brought in new elements (music, theater)
- Raised the bar & expectation of the customer satisfaction
- Eliminating the threats (animals, risk acts)
They brought in new elements to circus and invented a new business model. The question was what if many players come into competition, can this business model be patented. We had a discussion on what could be called as Innovation. Is it about inventing a new thing from the scratch or is it about getting components & packaging to build a product. We got the answers when we took the example of the guy who claimed to invent car windshield.
MTN & Orange in Africa: Company which sales with financial weak customers
The key decision is in which industry you would like to invest and start a business. There is no industry which is attractive. Look at the following features before entering into any industry:
- Easy Entry
- Opportunities of problems to solve
- Scope for innovation
- Geography distribution
I totally loved the Game theory introduction. Coming back to this case, its difficult to sell a product or a service to poor customer, but products like Shampoo sashes, interest rate payable for load, prepaid cards are some great business model which proves that the profit margin is more when attempted to make sales to poor customers. From the case study quick things to learn, if a company plans to do business with poor customer market are:
- Build the product at a low cost
- Do mass production
- Thinks of innovative revenue model
- Innovation in service rather than the product
- Strategy to convince to buy the product
- Skilled ways to handle corruptions
Country wise economy model:
This session was a real eye opener, gave me a different prospective to look at the economy model of each country. US economy model is where resource allocation is totally in the hands of the shareholder i.e Market and that is why we see that they are able to handle recessions smartly. They have the ability to adapt to changes easily. On the other hand if we look at India economy it’s basically in the hands of Business groups like Tata’s, Birla’s and Reliance. The ownership & control is diversified and here is the problem. Intercompany Dividend tax has to be introduced, and then we would see a real completion in the market.
The question is why don’t we have some real big Indian IT product company ruling the world today? Why do we see few entrepreneurs making it big like Tata’s?
CEMEX: Company which could maintain a monopoly in multiple regions in a competitive space.
If we look at CEMEX, it’s a company which is spread geographically and has the highest price as compared to all their competitors. Let’s find the answer to why & what made them build this monopoly
- Look for the market where growth opportunity is more
- Country which is politically week
- Less competitors
- Keep the price high and invest only 60% of the total resources
- Be scalable based on the demand
My take away from the session:
Go to the industry which has many problems, link resources to those problems and drive in innovation. Success is in all industry but what’s important is how well you design your strategy and feel the market pulse and act.