Showing posts with label india. Show all posts
Showing posts with label india. Show all posts

Wednesday, March 11, 2020

Dilemma of a CEO!!!

I have been meaning to write this for so long.

A new CEO was appointed for a 70 years old company. The company had always been a very profitable venture. 

However, off late, several troubles had been brewing. The year on year growth in the revenue has been below the estimated numbers. Management decisions have been questionable at best. Different employee unions were always at war with each other. Several departments have started to operate as an independent entity with no concern whatsoever to the well being of the parent company. Some employees have also been rumored to sell confidential internal information to competitive companies for various incentives. One particular manager even had the audacity to have his wife fill in for him, while he was incarcerated on a scam.

The past three CEOs have been from the same family. Hence, a lot of key management personnel were from within their family. In fact, a lot of subsidiaries were being held by various persons loyal to the previous CEOs. Various key decision-making persons from different departments were appointed by, and hence loyal to them. Several loss-making companies were inorganically absorbed, and the corrupt officers taken in good position or offered a hefty severance package!

The stakeholders, several lakhs, were ill-informed about the internal politics but displeased with the general state of the affairs of the company.

Furthermore, the structure of the company was indecipherable with no accounting for who is responsible for whom. In addition to the direct reporting structure, because of different loyalties, there were several indirect reporting structures as well.

And the best part? Nothing properly documented. Blatant scams going on in different subsidiaries, in different departments, across various levels of management. Several fake employee IDs withdrawing salaries for several decades. Some fake IDs even collected their retirements benefits as well. :)

Now the task facing the new CEO was:

A) How to put a new structure in place?

B) How to get everyone to accept the proposed new changes?

C) How to trim the un-necessary manpower placed by the previous CEOs without creating a mass hysteria? How to let go of Non-Performing Assets?

D) How to reduce the dependence on the majority of components being outsourced and how to inculcate internal problem-solving abilities?

E) How to combat the internal friction between the different departments and unions and to impress on them the need to follow a similar set of rules and regulations?


The major challenge being, how to do all of that when the internal structure has become so corrupt. Any new change introduced is met with a vehement disapproval from the employee unions, even if it were a change for their benefit. All because, the loyalists to previous CEOs were so deeply interspersed within the ranks.


The choices with the new CEO are simple:

A) Brave all the odds and the shouts from the unions. Be prepared to get hated but take the moral high road and think of the benefits to the company masses and shareholders.

B) Let the things continue as before, and accept own kickbacks.

If you were in the shoes of the new CEO, what would you have done?

Sunday, August 14, 2011

India @ 65!

India turns 65 tomorrow!

Got these pretty neat post from yahoo which I am sharing here. Original can be found here and here!



Images/Data Courtesy: facts.randomhistory.com, www.cia.gov, sree.teck.in, www.neoncarrot.co.uk, www.indif.com, www.real-factsabout-india.com, www.indiafolks.com, www.pratheep.com, www.economist.com, in.news.yahoo.com

Friday, August 13, 2010

64th Independence Day of India

We have 64th Independence Day of India on this Sunday. Now, I know that while it all yay and yippie; has anyone stopped for a second and wondered what it means, if at all it does.

What has this bought for us? And even more importantly, what have we done for India?

True, we have been able to do a lot of things that people were not able to do earlier; like listen music and watch movies on video iPods, talk on blackberries, wear fine French tailored suits, drive German cars with American/Nigerian friends, get high on vodka and run over migrant laborers, more variety of STDs and so on.

India has developed a lot over the years. But, more to the point, it has developed split personalities. On one side is the personality which everyone endorses; the ‘India Shining’ persona. Heads of various leading companies across the globe have been quoted as looking forward to India becoming a beacon in the global landscape (Read some here). Global consultancy firms have been ranking India high in various performance parameters (read some here and here).

On the other side of the spectrum is the India that nobody wants to talk about. The India which is barely able to cover four square meals of the day. The India which tried to host commonwealth games and is, seemingly, failing at that. The India which has a plethora of corrupt politicians like Kalmadi, Lalu, Behenji, just to name a few. The India in which spawn of rich tycoons go scot free even after killing a dozen people while a common man is killed in fake encounters and jailed for having sneezed. The India where the vigilante army MNS and Bajrang Dal think that it is their moral duty to curb the right to every free expression there is.

Kind of makes me wonder, which India is celebrating its independence day!!!

Image Courtesy: nehasinha.wordpress.com

Monday, July 5, 2010

Common Man's Bandh


Various parts of India were terribly impacted by the BJP/Left led bandh.

Several offices declared a compensatory off with employees having to come some other day in lieu.

Some schools declared holiday for kids.

Innumerable commuters faced hassles in commuting to and fro from the office. (The smart ones left home at seven in the morning to reach office at eight and left office at seven in the evening thereby avoiding the “pleasure” of meeting the mob)

Patients suffered because they could not receive treatments in time.

Public and private vehicles punctured or man-handled or even set ablaze.

Liters of fuel must have been wasted while the vehicles were stuck in the jams.

The supposed message of “protest” against price rise somehow got lost in this entire charade!!! To an untrained eye, it may seem that the sole purpose of this “protest” was to create as much inconvenience to the general public and an embarrassment to the government. The actual concerns of the public be damned!

And by the way; who did gain from the Bandh? Certainly not the aam aadmi (common man). Did the daily wage earner, on whose behalf the bandh was actually called, get his share of food? Who will compensate the laborers, taxi and auto drivers of the daily wage that they lost today? Will the BJP and the left party be willing to reimburse their wages for the day? So what is the point of such a protest if not to create a political drama for the sake of a few votes?

On the bright side, no traffic jams while coming back home so a smooth drive. But as one of the RJs on a music station said if we can have jam free commute only when we have such "Bandhs", it probably isn't something to be particulalrly happy about!!!

Update: According to various estimates from CII, FICCI, Assocham etc.; the one day Bharat Bandh has been estimated to have costed any thing between Rs 3,000 to 13,000 crore in terms of GDP at factor cost. The worst affected are daily wage earners and people dependent on small trade (Ofcourse!!!)

Sunday, May 2, 2010

The ancient art of Bargaining

At the very outset, I will say it “All the Indians are proficient in the subtle art of bargaining”. There. I said it. Period. Doubt it? Please read further as I try to convince you of the same.

Russel Peters says “We Indians are cheap and we are proud to be so. We walk into a store in US and where others would take a look at a Reebok shirt and see if it is worthwhile to buy it from the store; we Indians think of whom we can contact back in Ludhiana to get that shirt from the factory outlet”. Well that’s not verbatim what he said but that’s about the gist of it.

And don’t tell me that you don’t know that. Every time that street hawker has told you that a trinket you fancy is for 20 bucks, as certainly as good wins over evil in a Hindi movie, you have said “Kya baat kar rahe ho bahiayya… Yeh toh 10 rupey ka hai”. And then of course you proceeded to make a bulk deal with him to give the trinket to you at a discount and in turn you will buy two hundred dozens of the same.

And we don’t feel it to be natural that people actually buy things without bargaining. I mean, we really cringe at the very thought that there are some naïve creatures left on the face of the earth, after the phenomenon we know as Indian Population Explosion of the Hindu rate of growth, who may actually have been developing the thoughts of buying the thing at the price quoted buy the vendor at the very same time you were planning your strategy for counter offer to that quote. How very rude! What if some of that being’s naivety had rubbed off you? Your charitra would have been lanchaned forever. You would not have been able to show your black face anywhere. (Well this goes with the typical hindi dialogue of tum apna kaala muhn dikhane ke layak nahin rahi). And well.. hawkers are just one small part. We Indians have perfected the art of bargaining in every face of life. While trying to get an autowallah to go to the destination of your choice in Delhi (or a taxiwallah in Kolkata), a difficult feat in itself seeing as both of them are more interested in passengers who also happen to be going their way; we also find newer and newer avenues for bargaining with them. Going to buy clothing material from market? Of course the shopkeeper has to give you some discount seeing as you have been a loyal customer to them. Now you don’t have to be a regular or anything, you just have to convince him that you are. He won’t know a difference.

A very good incident that I recall from the movie “Outsourced” which very aptly describes the ingrained bargaining nature in the psyche of a typical Indian – A foreigner asks a local sardarji taxiwallah to go to a certain location. The Hindi speaking, non-English speaking driver says 5000 bucks. The English guy agrees to it but still tries to reiterate the location. The driver, Indian that he is, thinks that the English guy is trying to bargain, as the driver is habituated to people bargain over taxi fares, complaining about the prices and brings down it to something like 3500 bucks. The English guy gets confused as to why he has reduced the prices and asks him so. The driver again thinks that the noble art of bargaining is being actively practiced and further reduces the price to around 3000 bucks and ending the transaction with “Bas sir is se kam nahin ho sakta… mere biwi bachhe bhooke mar jayenge” (That is the least that I can go sir. Or else my wife and children would have to go hungry).

Like so many other things that we Indians are good at, , we have even perfected the art of bargaining down to the last frown of the face and even the impact of socio economic classification and the environmental factors in the bargaining and a study on difference in bargaining nature in the Tier I and tier II cities.

This haggling begins with the vendor quoting an obnoxiously high price to you because even he known that you are going to bargain. You feign indignation at the quoted prices with witty and absolutely never before heard remarks like “haan haan bhaiyya kyoon nahin” and “nahin bhaiyya aisse toh nahin chalega”. The key here is to fake it. You are expected to play the role of a helpless victim of the free trade, increasing prices and decreasing incomes, and how you could buy the same thing at a fraction of the price “couple of years back” (a vague phrase). In fact, you are expected to feel insulted by the price quoted. But don’t get too much into the flow and move away. Otherwise you would never be able to buy that thing in a bargain and you would have to buy it at a “proper” retail outlet at MRP (A typical Indian reader is fully expected to experience a shudder at this point). So you stay in the game. You tell him that you are insulted. You tell him to lower his prices or else you will go (FAKE IT but don’t actually go away dummy!). Then the vendor will play his part of doubting your ability to buy that product, trying to hint that the product is too good for you. But don’t take it personally. It is all a part of the game. This Cat-and-mouse-chase may continue for several minutes, the equivalent of corporate lingo which says “We are still in discussion with all the concerned parties and that nothing has been finalized as yet. There are still several factors to be considered”. Then the two parties try to haggle back and forth a bit. Then when a price mutually acceptable to both the parties is reached, and where you think the margin is not too much, the game ends.

So why do we bargain? The scientists at the Baburao Ganpatrao Aapte Institute of Medical Engineering and Management have conducted a research on several test subject and came out with shocking findings. According to their research, the Indians actually enjoy bargaining. Following are some of the key research results:

We “enjoy” it – We try and value bargaining for what it symbolizes and not only for what it means. By dictionary definition, bargaining is a haggling process. But we Indians know that it is actually more than that… it is actually a gentle process of giving and taking, accommodating others etc. Of course the satisfaction of saving that 10 paisse on an article is also a good feeling, even though you are still deciding what to do with those extra 9 flower vases that you had to buy. The gentle feeling of haggling over prices, equivalent to “nonk jhonk” between a couple, is such a great feeling. As a hindi song goes “tera manana mera ruth jaana re… saiyyan dil mein aana re… aake fir na jaana re”.

A secret revolt – Indians have been ruled for long enough time by foreigners. Which is even more ironic now that India is considered a mecca of brainy people, sometimes I wonder how come no one thought earlier about revolting against brits. Anyhow, ruled as we were, we were cheated and deprived of what was our due. That has left deep mental scars deep in our subconscious… so deep that the good for nothing American scientists are trying to find a gene even for that. So this deep mistrust is now manifesting in the form of our distrust on the vendors with the assumption that those useless vendors are trying to cheat us as well. Thus the bargaining is the form of revolt that we people are practicing to get what’s our due.

A part of Psyche – From the moment we are born till the moment we die, we witness countless occasions on which we witness bargaining in action. No occasion, however insignificant or great, is too small or too big for bargaining. When we are born, we witness the hijras (oops I believe gender neutral is the politically correct term here) coming to parents and bargaining for 10 grands and a saari from parents. Of course bargaining kicks into action from that moment onwards and finally those people may be lucky enough to get a couple of hundred bucks. Wedding? That’s the mother of all occasions from bargaining standpoint. With so many occasions ranging from shopping, catering, wedding planners, cleaners to gender neutrals, every stage is a bargainer’s haven. Net impact of all this is that the bargaining nature is ingrained in the psyche of a typical Indian. Hence, in a way of speaking; bargaining completes us.

A great equalizer – India is a great democratic, secular country. We believe in the equality of all human beings within the state on India. We allow for no bias or discrimination on the basis of gender, caste, creed, political affiliation, or ethnic origins. In this way, bargaining is India incarnated. The act of bargaining transcends all virtual or even imaginary boundaries. In India, doesn’t matter an Indian or a foreigner, a Hindu or a Muslim, a male or a female; all are subjected to the same haggling process and all have to follow the same protocol for bargaining.

Bargaining is a great Conversation starter – Imagine a situation where you bought an item. You went to your friend’s home and saw the same item. Now if that item were something that would be sold at MRP only, what fun would it be to discuss it. No imagine that item is something that you get from flea market. Now begins the game of one-upping the other. Who paid less for that item than other? Whose product has better finish than other?

And the less said about the level to which we can go to for bargaining, the better it is. Let’s just say that it is enough to put even Ekta Kapoor to shame. And trust me… that would mean reallllly something as it would take a lot to put her to shame.

After all where would the fun of shopping be if all that we had to buy would be available in a store near you at a fixed MRP. Would be rather not go to Big Bazaar or its contemporaries and shop there? But then what would happen to the livelihood of the lot of traders in Karol Bagh, and Chawri Bazaars and the likes. In fact, we should be proud that we are in fact helping in providing means for such a large population to sustain themselves.

Were it not so, the entire world would be a one large BuyNLarge (aka WALL-E). And we know what that led to, didn’t we?

Some good links on the same topic :D 

Wednesday, April 7, 2010

Naxalite Attacks

The newspapers today are full of the recent Maoist attacks on the CRPF personnel, resulting in 76 of them being killed. It is at these times that I feel ashamed of being an Indian. Don’t take me wrong here, I am very glad that I am an Indian, I like our culture, our values, our food (especially) and all other things. But I can’t tolerate this soft stand that the Indian government has a habit of adopting on issues which require a firm handling. Why should we see our security personnel being killed by a rag-tag bunch of bandits? We should learn a lesson or two from the global precedents. Look at the way the Americans destroyed the rule of Saddam Husain or the Afghanistan incident. Now I am not saying that what they did was correct in any sense but the idea here is to adopt the firm “No-nonsense” policy against any threat to the nation from any invaders; be them these bandits or China. Look at SriLanka… Their firm handling of LTTE got them off for good. Now that’s the way we should handle the situations and not play by the vote bank politics of the leftists.

We have top class defense, strategy personnel in India. India, as a country, is known for people with humungous brain powers. Why don’t we utilize a fraction of it in such projects and eradicate these bas****s completely.

In this case, I hope that all the political parties get together for a full and final eradication of such anti national forces. I, for one, am all for it.

Tuesday, February 23, 2010

IIML-Kolkata Week

The last week was amongst the best that I have had in the recent times while I am here in Kolkata... Couple of f from IIML had come to the city. So we decided to do a get together at one of the friend's home. Gagan played the role of a gracious and graceful host perfect to the last letter. The bakar session pre- and post- Soup-Dinner-Mishti was enjoyable.

Then two days later, we people again met on a Saturday for a quick get together before Kapil leaves for mumbai. We watched an entirely forgettable movie, which we nonetheless enjoyed because of the company that we had. After the movie we had a nice group dinner in the food court after which it was decided that all that was needed to top off this enjoyable evening was a cuppa tea at a tea wala at "Gurudwara" (I hope I got that right). I didnt go for that but I am informed by my truthful contact that it was another enjoyable experience with bakar on one and all topics; especially some rather favorites of discussion at IIML. Nothing more needs to be said after that. I am, ofcourse, sorry that I could not join that session and jealous at having missed all that.

On sunday, had lunch with another friend from IIML, Kuchi Ravi, who has recently been married and posted to Kolkata from Hyd. He and his wife (Pra)Dipti were a good host and it was another very well enjoyed day. She had prepared a number of dishes and we ate them in South Indian Style. Oh and I forgot Gaurav Mukherjee also came for lunch... So all in all we had fun.

Forgive and Forget?

They say that it is a symbol of great that they forgive. It is said that only great can forgive, the lesser beings can only forget.

I think that there are somethings which are simply so huge in life that one feels that there is no way that those things can be forgiven or forgotten.

Recently, there was an episode of chain mails which exposed how a group of people, expected to work for people, can be so deceitful and vengeful. I feel ashamed of ever having associated with them... Having something in common with them.. their entire frat brother community.
A whole lot of people trusted them, trusted them to do right for themselves and their friends. Not only colleagues, their seniors and their juniors trusted and this is how they repay that trust.

And they say that we did it out of frustration... and then they say sorry.

Is the apology enough? Is it enough to cover the damage that they have done to the entire community?

I ask... How can they live with themselves?

Wednesday, September 9, 2009

India: an Attractive Retail Destination

This is a copy of my article on India as a retail destination. The article can be found at: http://www.chillibreeze.com/articles_various/Retail-Destination.asp
-------------------------------------------------------------------------------------------------
India has been topping the AT Kearney's annual Global Retail Development Index (GRDI) for three consecutive years, thus presenting itself as an attractive market for retail investment.
The Indian retail market is the fifth largest retail destination globally. According to leading industry estimates, the Indian retail is estimated to grow from the US$ 412 billion in 2008 to US$ 483 billion by 2010 and $860 billion by 2018. In the same manner; modern retail, presently accounting for 4 per cent of the total market, is likely to increase its share to 25 per cent by 2018.
India has one of the largest numbers of retail outlets in the world. Of the 12 million retail outlets present in the country, nearly 5 million sell food and related products. However, India’s mass grocery retail sector is dominated by small-scale traditional retail outlets. Not only in grocery but in other categories as well, India’s retail scene is still dominated by unorganised retail players. The organised retail accounts for only 4 per cent of the total market with the rest being fulfilled through the fragmented offering. This is in contrast to the international picture. However, this is changing, and fast, as multinationals begin to seek opportunities to enter India and as local organised players accelerate their own expansion and business activity efforts in preparation for greater competition. The country’s economic development has allowed for the further development of mass grocery retail as increasingly wealthy consumers in major towns and cities turn to modern formats in search of the convenience and quality, which they now desire and can increasingly afford.
The various key drivers of the consumption in the Indian markets, and subsequently retail sector, are:
  • Indianization of western culture
  • Novelty of the shopping mall ‘concept’
  • Malls being a focus point for social interaction
  • Status associated with shopping

The sheer size of India’s population and the number of major towns and cities contained in the country, provide enough consumers to guarantee growth well beyond the forecast period. On the other hand, the rising disposable incomes and increasing urbanisation provide ample opportunity for strong growth rates. However, a big challenge for the retailers is to have similar access to the rural poor as to the urban rich.

The future outlook of the Indian retail market appears to be bright, with Euromonitor expecting the Indian Retail market to grow in value terms by a total of 39.6 per cent between 2006 and 2011, averaging growth of almost 7 per cent a year.

BMI (Business Monitor International) is anticipating the strongest growth in India’s hypermarket sector, with sales set to grow by an explosive 1025% to reach US$1.35bn in 2011. Supermarket sales will increase by 119.1%, discount stores by 242.9% and convenience stores by 134.1%.

Key focus areas for the future development of the Indian Retail industry are:

  • Lack of proper consumer insights
  • Development of adequate supply chain
  • Develop the Human Infrastructure
Powered By Blogger