Ola, Uber and Rickshaws - Strategy With RS
What do successful businesses do to ensure that there top line & bottom line keeps growing? One strategy is to plan an entry into adjacent territory.
What do successful businesses do to ensure that there top line & bottom line keeps growing? One strategy is to plan an entry into adjacent territory.
Technology is improving lives. But mainly of people residing in urban & semi urban areas. Not so much of people residing in rural areas.
Men’s grooming market in India is estimated to be at Rs. 5300 crore & is estimated to be growing at CGR of 11%.
Till recently, buyers were influenced by brand advertisements or word of mouth, which motivated them to visit brick and mortar stores to buy a brand. In the store, salespersons further educated the buyer about the brand. Based on inputs from these myriad sources, the buyer purchased the brand. The buyer pursued a perfectly linear way of buying.
We are in the midst of ever growing popularity of ‘On Demand’ economy, also popularly referred to as ‘Sharing’ economy. The DNA of On Demand economy are: 1.Time Sensitive: The service should be delivered when required. 2.Right quantity: The service should deliver the ‘exact’ quantity required. 3.Reliability: It should deliver what is promised 4.Pay for what you use: Users will pay for what they use. Not more! 5.Service should expand & collapse to meet users requirements 6.Remedy: If the service provided is not what was promised then there should be a remedial mechanism for rectifying the ‘mistake’. 7.It is self correcting
Nike wishes everyone on the planet to ‘Just Do It’. And it is walking the talk, too.
Amazon aspires to an ‘everything’ store – once a customer comes on Amazon platform then she should not go elsewhere & spend all her shopping dollar & more on Amazon platform.
Nestle to cash in on the rising demand for ‘natural’ products has introduced Coffee-Mate Natural Bliss, a naturally flavored dairy creamer. But the market is crowded with brands making this claim.