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Business Lessons From Alibaba Founder, Jack Ma - Strategy With RS

Comments
 

ramji yahoo

contribute to society thru management audits, cost audits

Useful post Sir, as always- Lets try to practice this

23 Apr 2016, 09.53 AM

Rajesh Srivastava

Ramji, yes we should practice these leanings ...only then will they become ours!

23 Apr 2016, 10.16 AM

ramji yahoo

contribute to society thru management audits, cost audits

Sir you are an already follower of these habits/ principles/ rituals

23 Apr 2016, 10.32 AM

+Read Replies (1)

Rajesh Srivastava

Ramji I try & follow most of these principles.

25 Apr 2016, 04.49 PM |

Ravikumar Mangalarap

Great lessons to learn an practice...

23 Apr 2016, 06.34 PM

+Read Replies (1)

Rajesh Srivastava

Ravikumar indeed they are great lessons to learn ... and of course to practice.

25 Apr 2016, 04.50 PM |

Megha T

" buy an umbrella, when you don't need it ". But don't you think so that adding funds early and keeping them spare would add to the cost. Since definitely the company would have taken it in advance for a short period of time, hence kept as retained earnings. A good option would be to take in advance for a longer period and reinvest them such that they can withdraw it as and when needed.

23 Apr 2016, 07.43 PM

+Read Replies (1)

Rajesh Srivastava

Megha, 1. The essence of this principle is to get funds commitment ... you may draw upon them at a later date ... there are several ways in which fund/s can be raised which do not lead to payment of interest 2. Retained earning is a different concept ...

25 Apr 2016, 04.55 PM |

Akhil Agarwal

I am currently pursuing HR from SCMHRD. I love to travel and explore anything and everything which interests me. In my leisure time, I read novels or plan for my next holiday trip.

Rajesh Sir ...Can you please elaborate the Umbrella part.Accumulating the funds when you don't need it ,will only bring misfortune to the company as you have to pay the interest on it. And many times due to large funding we may take hasty decisions which consequently result in a loss

23 Apr 2016, 11.21 PM

Rajesh Srivastava

Akhil take Over Draft facility that a company may have with a bank. The company has to pay interest on the drawn amount only when it draws from the OD facility. If it does not draw then it has to pay any charge, not even commitment charge!

25 Apr 2016, 05.04 PM

Akshay Shah

Sir, Indeed awesome post. But the bigger question is to decide which rabbit to chase ?

26 Apr 2016, 11.47 AM

Rajesh Srivastava

Akshay I agree. But we face similar dilemma in our personal lives also - when we have to choose our life partner.

27 Apr 2016, 09.21 PM

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Comments
 

ramji yahoo

contribute to society thru management audits, cost audits

Useful post Sir, as always- Lets try to practice this

23 Apr 2016, 09.53 AM

Rajesh Srivastava

Ramji, yes we should practice these leanings ...only then will they become ours!

23 Apr 2016, 10.16 AM

ramji yahoo

contribute to society thru management audits, cost audits

Sir you are an already follower of these habits/ principles/ rituals

23 Apr 2016, 10.32 AM

+Read Replies (1)

Rajesh Srivastava

Ramji I try & follow most of these principles.

25 Apr 2016, 04.49 PM |

Ravikumar Mangalarap

Great lessons to learn an practice...

23 Apr 2016, 06.34 PM

+Read Replies (1)

Rajesh Srivastava

Ravikumar indeed they are great lessons to learn ... and of course to practice.

25 Apr 2016, 04.50 PM |

Megha T

" buy an umbrella, when you don't need it ". But don't you think so that adding funds early and keeping them spare would add to the cost. Since definitely the company would have taken it in advance for a short period of time, hence kept as retained earnings. A good option would be to take in advance for a longer period and reinvest them such that they can withdraw it as and when needed.

23 Apr 2016, 07.43 PM

+Read Replies (1)

Rajesh Srivastava

Megha, 1. The essence of this principle is to get funds commitment ... you may draw upon them at a later date ... there are several ways in which fund/s can be raised which do not lead to payment of interest 2. Retained earning is a different concept ...

25 Apr 2016, 04.55 PM |

Akhil Agarwal

I am currently pursuing HR from SCMHRD. I love to travel and explore anything and everything which interests me. In my leisure time, I read novels or plan for my next holiday trip.

Rajesh Sir ...Can you please elaborate the Umbrella part.Accumulating the funds when you don't need it ,will only bring misfortune to the company as you have to pay the interest on it. And many times due to large funding we may take hasty decisions which consequently result in a loss

23 Apr 2016, 11.21 PM

Rajesh Srivastava

Akhil take Over Draft facility that a company may have with a bank. The company has to pay interest on the drawn amount only when it draws from the OD facility. If it does not draw then it has to pay any charge, not even commitment charge!

25 Apr 2016, 05.04 PM

Akshay Shah

Sir, Indeed awesome post. But the bigger question is to decide which rabbit to chase ?

26 Apr 2016, 11.47 AM

Rajesh Srivastava

Akshay I agree. But we face similar dilemma in our personal lives also - when we have to choose our life partner.

27 Apr 2016, 09.21 PM