Miranda Musing

A nice article in today's Economic Times - Corporate Dossier that I thought should share it with you. Sam Walton, founder of Wal - Mart and the most successful businessman in the world, (a retired Army officer to founder of the richest organisation in the world) reportedly followed a set of rules to which he has credited his success not only in his business but also his life. Rule #1: COMMIT to achieving success and always be passionate. Rule #2: SHARE your success with those who have helped you. Rule #3: MOTIVATE yourself and others to achieve your dreams. Rule #4: COMMUNICATE with people and show you care. Rule #5: APPRECIATE and recognise people for their effort and results. Rule #6: CELEBRATE your own and others accomplishments. Rule#7: LISTEN to others and learn from their ideas. Rule#8: EXCEED the expectations of others by setting high standards. Rule#9: CONTROL your expenses and save your way to prosperity. Rule#10: SWIM UPSTREAM, be different, and challenge the status quo....

All of us are aware of the famous quote by Mukesh Ambani that India has place for six major Retail players but do we believe that. As it is happening in Telecom three major players are emerging after the telecom market got consolidated. The same way I feel in Retail too though there may be many players with different retail models, finally only three or may be four may emerge. However the time frame for the consolidation may be longer than it took for Telecom. The winner eventually is not only the Indian consumer but all these players who ventured into retail. The smaller guys may do a merger deal with the bigger ones which will work out as a win win situation for both of them. At the end of the day all the players who ventured into retail will be laughing all the way to the bank. Do you know five of the top seven millionaires in the reformed Russia made their millions through retail? Many of the top millionaires in the world are also Retailers. No wonder every business house in India ...

These days the favourite topic in news is who is the fall guy for the cricket failure. The blame game is on. The favourite scape goat is Greg Chappell followed by Rahul Dravid. But in my view, it is neither of them but the BCCI. They didn't have any direction so far and will not have any in the near future also. Every one is there to enjoy the booty of Cricket in India. GC and RD were good for the Indian cricket team and were entrusted with the job after a great selection process. How can the process suddenly become bad. The players didn't have any direction. Though RD is an absolute team player and team loyalist he may have lacked the leadership that mattered. But did we have an alternative for the captaincy. We didn't have and still we don't have. It's tough to lead a team with high profile players who are in their ego trips and endorsement millions of their own. But it has been done before. some of the names that come to mind, Imran Khan, Clive Lloyd, Steve Vaug...

Hi friends, This is my blog to share with you my musings on different subjects which give you insight from my point of view. You may share with me your views on the subject and make our readings interesting.