Online Retail

Online Retail: How far is the Tipping Point for etailing in India!! Amazon is here, but it’s content to dip its toes while it waits for regulations to change in its favour. If and when they do, it will still face the task of doing something it has never done so far: crack an emerging market. Shelley Singh reports IN JUST three months, MirchiMart, a Delhi-based online retailer of mobile phones, has seen its business jump by 50%. In the same period, another electronics retailer Universal, which runs 500 stores in South India, has shipped...

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The Brightest Leaders...Management Tip!!

Management Tip:Bring Out The Best in Them By Harvard Business Review THE BRIGHTEST leaders don’t rely on their own intelligence just to succeed, but use it to help their people shine as well. Here are three ways you can help your employees not only feel smarter, but act smarter: Look for ideas everywhere. Don’t assume you know where all the new and creative ideas will come from. Involve people on projects not because of their titles but based on their ability to contribute. Encourage openness.   Create a safe environment...

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Umbrella Mentoring

Maruti Suzuki Kickstarts ‘Umbrella Mentoring’ RICA BHATTACHARYYA The country’s largest carmaker, Maruti Suzuki, has embarked upon a structured programme called “umbrella mentoring”, aimed at developing mentors within the organisation who can grow a long-term relationship with employees. Though mentoring is not new to the organisation, this is the first time it is being taken up in a structured way in line with the company’s business expansion plans. As the name suggests, ‘umbrella mentoring’ is aimed at touching a large number of employees....

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Attrition : Causes & Effects...What should be done!!

HIGH STAFF TURNOVER Attrition: The Ticking Time Bomb in Industry Shiv Shivakumar: Former chief of emerging markets, Nokia. Attrition is a complex, cultural and leadership challenge with no easy answers. In 2012, according to HR consultant Towers Watson, attrition in India was 17%, higher than the 11.2% salary rise. At this level of attrition, an organisation in 2020 will have only 22% of the employees it had in 2012. The salary rise in 2013 is expected to be 12.4%; attrition will be higher. Attrition is at all levels, more in junior...

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Socio-Economics: Some Interesting Statistics on India

Socio-Economics: Some Interesting Statistics on India:- 1. India has something like 9 million enterprises, only 1 million of them are corporations, only maybe less than 10,000 are listed and maybe less than a thousand are traded. It is a very shallow kind of market.  2. Only 50 million Indians have a passport, which is 5%, only 30 million Indians pay taxes, which is 3%.  3. Mobiles phones are 600-700 million, internet connection is about 140 million, growing dramatically with smartphones. Cable is going digital. Aadhaar will...

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Retail Industry Landscape in India

Retail Indian retail is one of the fastest growing markets in the world. The sector is experiencing exponential growth, with retail development taking place not just in major cities and metros, but also in Tier-II and Tier-III cities. Retail market in India is expected to reach US$ 866 billion by 2015 from the current US$ 516 billion. The organised retail segment in India is expected to account for 20 per cent of the overall retail market by 2020. Net retail sales in India are also quite significant among emerging and developed nations. ...

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Selling in a Slowdown....Special Feature in ET!!

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Nirmalya Kumar & Amitava Chattopadhyay pointing out the same strategy.....Someone really need to connect the dots!!!

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