Blog categorized as Business

The Economist has a very nice article on changing trends in consumption of luxury goods and how consumers are changing their consumption habits wrt luxury brands. Also, it talks about the "new wealthy" and their motivation towards buying luxury brands.

Here are some excerpts:

Being a million...

Niklas Zennström, founder and CEO of Skype Technologies has this to say( in Economist 2006's Annual):

There is now a relentless need to innovate at a pace modern customers demand. Unencumbered innovation requires speed and vigilance, and slowing down to keep an eye on the competition is a distraction...

Peppers & Rogers report on a SAS survey:

Measuring and adapting to customer insight is more than good strategy. It's money in the bank.

It's 25 percent more money in the bank, to be exact, according to the findings of a newly released benchmarking study, "Building the Marketing-Ready Enterpr...

Om Malik writes:

If the regulatory/incumbent problems were not enough, here comes news that Yahoo will soon upgrade its Messenger’s dialout/dial in features to compete with SkypeIn/SkypeOut.

Essentially what this means is that Yahoo users could use their IM client to dial-in/out to old fashioned phon...

It is increasingly becoming apparent that Indian consumers are wanting international shopping experience and service.  And the retail market in India is growing at a hectic pace. International retailers are waiting in a queue to take a share of this pie.  AT Kearney has released a Global R...

Rajesh Jain has posted some fantastic quotes and thoughts by Drucker. Just thought, I will post them without any change( I highlighted a couple of them, which I really liked and is relevant to my workplace)

Management is doing things right; leadership is doing the right things.

Quality in a product or...

Kathy Sierra has this very nice post on a simple and easy way to develop breakthrough ideas. She uses the metaphor of audio equalizer and how it could be used laterally in generating ideas. I see it as a brilliant method to rejig or enhance customer value, customer experience and drive product innov...

On Leadership: Don't ever think or say "I." Think and say "we." Effective leaders know they have authority only because they have the trust of an organization. They understand that the needs and opportunities of an organization come before their own needs.

On Talent: Attracting a...

John Hagel and John Seely Brown's book "The Only Sustainable Edge: Why Business Strategy Depends on Productive Friction and Dynamic Specialization" provides fresh insights into how one should get ready to rejig a company to serve more demanding customers.

They write: "When customers de...

Peppers & Rogers write:

Failure to execute to plan has been a thorn in the side of executives for decades. For many organizations, the complexity of today's hypercompetitive, multichannel business environment has widened the gap between execution and plan. A study of 197 companies published in th...