Why do entrepreneurs start companies? Why do individuals form organisations? An obvious reason is that they cannot do everything themselves. Another is that they don't have all the resources / skills that are needed to grow the business. If they work well, teams can certainly achieve more than individuals alone. However, another compelling reason comes to mind for creating an organisation - the concept of immortality. All living beings are susceptible to the phenomenon of "death" at some point of time or the other, and immortalise themselves through producing the next generation through reproduction. Just as reproduction is a way…
When we began studying the basic fundamentals of marketing, our professor introduced us to the 4-P framework covering Product, Price, Place and Promotion created by “the Great P” of Marketing, Philip Kotler, whose textbooks are classics among marketing management studies. In time, others modified it to 5-P, 6-P and 7-P, but the basic framework stands best on the original four legs defined by Kotler. The principle is that to design an effective marketing strategy you need to: clearly define the product or service (covering the core as well as augmented product) to sell to the target customer identify the price…
A few days ago, I wrote about the possible "Dis-economy of Scale", when we start to add up the hidden costs in industrial agriculture. I've just found an interesting article from Fortune about Jason Clay, described as a “thinking environmentalist”. He calls for intensification of agriculture, and “economies of scale”. However, the critical departure from usual proponents of industrial farming, his view is to make agriculture “both more productive and sustainable” (i.e. “generating more output from fewer inputs”). I wonder if that means using truly fewer inputs through the entire chain. That is really the key, since the current intensive…
Brands are ready to roll the red carpet for consumers this festive season. But for #India's #jewellery brands this #Diwali will likely be a tad different from previous ones.
Reliance Retail & 7-Eleven ending 5-year franchise deal in India @SagarMalviya_ET
@devangshu:"convenience stores pressured by q-comm; family-kiranas survive with lower overheads & different margin expectations than corps"
Speciality Restaurants expanding into high-margin QSR and cloud kitchen spaces - @devangshu shared his perspective on the opportunities and realities of managing a diverse "house of brands" in the food service sector #India #strategy #diversification
