I remember an opening of Prof Mankad’s class. He asked ‘What is money?…’ and so on and so forth. Money is what is accepted as money. The trust of acceptance gives value to money. Irony is this TRUST. This concept e.g. money creates maximum MISTRUST. The concept which, I believe, we think gives power, empowers us, creates fear of losing it. Money which should give us some security creates insecurity. Is not it an irony? Read more
I could not resist myself from posting this blog. I am passionate about retail industry and therefore since last three days holding on to the news and finally posting on the blog. Govt of India (CoS) has recommended to 51% FDI in Retail industry. As there are always positives and negatives in any decision we make. The FDI brings positives as well as negatives. According to various sources retail adds 13% to Indian GDP of Read more
When I was in Engineering, I used to write poetry, generally in Hindi and sometimes in English. I also maintained a diary however with time I lost touch with both. I used to bore one of my very dear friend, Vijayant Thakur, with those poems. Yaar Vij! you have a lot of patience. 🙂 The way I remember few lines of one of my Hindi poem are here. Of course forgot the exact composition so Read more
The first message we heard in the class of Brand Management of Professor Ram Kumar, was “It is an eco-system…”. An entangled, closely knit or perhaps confusingly mingled ‘Eco-system’. Econ-system of brands, products, product variants (variants are very confusing, no doubt) and bombardment of marketing messages (communication). Here everyone wants to say that our product is the best using different channels and different language. Hum! it sounds very common, right? So common that we overlook Read more
I watched this movie – Salaam Bombay! directed by Meera Nayar (1988). This movie was nominated for Oscars as Indian entry. A sad movie with only one good thing – a character ‘Baba’ dies, receiving the fruits of his deeds. The end of the movie seemed very artistic, philosophical and thought provoking to me. The hero – Chaipau or Krishna – is back to square one. Khali haath aaya tha aur khali hath hi hai. Read more
For some time I did not write. I was considering writing either on “Utopia – the Dream world” (in Hindi – Ram Rajya) a type of communism in my opinion or on economics. A news item of yesterday made me select economics the later one. This news read “Deutsche Mark set for comeback instead of Euro in Germany”. I thought that Euro may die soon, so first thing I wrote to Prof Mankad (he is Read more
I read this story in a book. A father once gave his son a telescope. One day the boy was using the telescope, he was little disappointed with the performance, he went to his father and said “father it is useless, I can see better without it. Everything is too small.” Father smiled, the boy was looking from the wrong side, he was not getting the BIG PICTURE at all. The boy had a narrow Read more
I read this book recently “The Machine that Changed the World“. It is indeed a good book every businessman should read it. “The business is run on trust” or “the business will be run on trust”. When we hear this statement it seems odd, however it is true Trust is the factor. I wrote often about ‘interdependent co-arising‘ (Blog 1, Blog 2 and Blog 3). When I read this book I realized that it is Read more
This is the third blog in the series of Connecting the dots… which started from way off the track blog on cricket. You see how things and ideas connect to one another. I was wondering about cartoon channels. These channels show many foreign based cartoon series and the characters are very famous amongst children. Ask kids – “Pokemon, who is this?” and see their reaction as if you are an alien, ‘oh! you don’t know Read more
Have you heard this saying before? This is the second blog in the series of … wait for it… (updated on Jan 2013) Connecting the dots – innovation Well, to continue from the earlier blogs – Cricket… here I am to write the next in one which takes off from the Amar Chitra Katha. Why Amar Chitra Katha? Because it relates to me on two levels. One on Business and the other the Buddha… As an innovation Read more