Inception Of Entrepreneurship

We managed to design a shoddy product that I know didn’t exist and maybe could be a rage if it did. The marketing strategies were there in place and so was the pricing. The allotted time was nearing its end and with great reluctance we handed over our “piece of imagination” to the organizers and comfortably walked out of the room. Now, I was again dithering over the two options, should I go for it and let my ideas be denigrated or should I just head back home and let this inauspicious day end. Meanwhile, it was our turn to present the product in front of the jury and I quivered. The frequency of calls by the organizers had increased manifold. Finally I decided to go for it. We were the last participants on the list.

Retail Biz On A Rise

Retailing as an industry first emerged in US. After the Second World War and with the emergence of the suburbs in the US and Canada the concept of supermarkets and specialty Chains came into being. Indian retailing has come to light as one of the most profitable retail markets in the world. Initially the retail market in India was mainly unorganized, comprising of small individual grocery stores and drug stores. The change in the structure of the retail industry and growth therein is mainly attributed to the increase in purchasing power of the customer and the rapid urbanisation.

Sundar Pichai: The Next Face Of Google

In what has come as the biggest news for the internet giant, Google, Larry Page the Chief Executive Officer (CEO) and co-founder of the company has, in an official reshuffling of the staff’s portfolios, appointed Sundar Pichai as the leader of core Google products.

When Science Goes Awry: The Missing Social In Scientific Pursuits

The collapse of Rana Plaza in 2013 is another instance of exploitation of the Third World Countries which are not in a position to make safety standards and improved working conditions binding on both the parties- the service and resource providing nation and the funding nation-cum-industrialist. The bilateralism in such trade agreements and contracts seem dubious since the industrialists tend to wash off their hands or turn a blind eye to the depravities and exploitation on which such a trade agreement is based on. Even the exploitation of labourers involved in cashew plantation and processing in India and Africa presents a similar case of self-induced and deliberated apathy on the part of America and Europe, where cashews are supposedly the favourite nut.

Retailers Or E-Tailers: What’s Your Choice This Diwali?

The growing popularity of online shopping however could result in 50-55 percent lower footfalls in shopping malls this festive season. It is a sight that’s becoming increasingly common across electronic and mobile phone stores – the customer walks in, checks out the product, its price, and then flips open his smartphone and logs on to an e-tailer’s website to check the online price. And more often than not, finds the price offered by e-tailers to be much more attractive. The online discount euphoria has hijacked the Diwali rush from retail showrooms this year, and not surprisingly, the mood in markets is distinctly downbeat.

Grand Diwali Mela: Web-Window Shopping

The tour got me thinking of how the virtual has completely taken over our real lives. Some may argue in favour of it, while others prefer the real thing. Surely, there are benefits to both the real and the virtual. Many argue that virtual saves up a lot of time and that is considered to be one of the moving factors benefitting the virtual at an age when “time is money”.

Cheap Chinese Products: Destroying Indian Producers

One of the mainstays of the Chinese strategy of following a mass-production and mass-consumption formula is to keep the profit margins low and cover the gap by the subsequent boost in sales. As its motto, the huge scale of operations of the Chinese industry is geared towards supplying not only the large domestic market, but also exporting extensively to global market at cheap rates.

The Wind Of Privatisation Took It All!

It caused pre-emption of the government revenues through subsidies and recapitalization and uncompetitive industries in the economy. Another reason was under public sector, nobody feared bankruptcy. The policy of “soft budget” made it possible for the mangers to be bailed out of public funds. The prime motto is to maximize profits, so there were inefficient techniques and methodologies followed. So there was a drift from a socialist to a capitalist economy.

Ello: An Anti-Facebook Social Network

Created by designer and entrepreneur Paul Budnitz, Ello contends that on social networks like Facebook, we, the users, are the product, as our data is sold to advertisers who hope to entice us with ads on our feeds. Ello, on the other hand, positions itself as an antidote to that: It doesn’t include any ads, and one of the several manifestos posted on the site says that those behind Ello “dislike ads more than almost anyone else out there.” It doesn’t sell user data to third parties either, and you can decide whether or not you want to let it gather information about your own Ello activity to improve the site.

Flipkart: Long Road To Redemption

Flipkart is (or was) arguably the most celebrated e-commerce website in the country. No wonder the home-grown portal raised $ 1 billion earlier this year. Customer satisfaction has been the pivot of Flipkart’s success. It was this keystone that was battered on the e-retailer’s big day. Customers were agitated and angry over the website’s performance. Many, on the social media, even vowed to never use Flipkart again.

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