Assets are important to certain businesses. Right!!!
Though this is not about being right or wrong, this is about how businesses should be done in a manner that can yield best stakeholder value. Recent news about Ola Cabs investing in purchase of Cars to cement its position as a viable investment option in the future, just validates this thought process.
I often wonder how the perspective of companies/ entrepreneurs change while hiring at various stages of their life cycle – Startup, Early Stage, SME and Mature companies. Talent acquisition and hiring has been the toughest part in any life cycle, irrespective of the stage the company is in. These are important aspects, especially at the top management or executive committee level, and play a key role in stability, sustainability, scalability of companies.
Couple of months back, when the season of discount sales was in full swing, the news of unfair discounts by online retailers and squeezed vendor margins made headlines. There was much discontent, informal chatter and even accusations of unfair trade practice levied on online retailers. Even a major offline retailer entered the fray and expressed his discontent about high volume discounting by e-Commerce companies.
There was a time when ecommerce was looked upon with scepticism in India. As a customer I remember ordering a toolkit in 2004-05 from Rediff Shopping, and when I received it, it was nothing like I had imagined. Back then there were no options to return the product or get a refund, so obviously the experience was not a favourable one. The box still lies somewhere in the attic; maybe I should try selling it on Olx or Quikr.
It is called the City of Palaces, and for a good reason. The first state to be colonized by British, nobody can deny the old world charm the city has. But today as I sit down to pen these thoughts, I can’t help but wonder why Kolkata continues to be old world even today. Be it companies, infrastructure, habits of the people or even state politics – nothing much has changed here.
That technology has touched every aspect of life is not new, but what is new and common between Food and Technology was at display in plenty at the recently concluded International Foodtech India show in Mumbai. The event was an eye-opener as far as local innovations happening in the space is concerned. With over 200 participants and above 2,000 visitors attending the show, there was no mistaking that people who think food are also thinking how technology can help improve production, packaging, quality, scale, distribution, etc of food.
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