Showing posts with label Retail. Show all posts
Showing posts with label Retail. Show all posts

Saturday, June 02, 2007

Microsoft new creativity




















Here is latest innovation from Microsoft, and its worth mentioning a praise.... Its their 'Surface'
Minority report has arrived.. and UI just getting new defination...

I am not sure how much will it click for home users initially but it looks fine to me for business users. Hospitality , Retail and other customer oriented business will see it usefull for business.

Saturday, January 13, 2007

Retail chain/business moving to a new era

I am not being partial but seeing Kishore Biyani expanding his business from a kirana store in 1998 in calcutta to million dollar retail business surely deserve recognition.
Entering a new business maybe still easy for corporate with money and muscles,but I think its takes a vision to built such a business from scratch.
I have read books which talks about strategy and features of growing company and I am happy
to see those models working at company like Future group.
Biyani has surely tried to blend glocal touch with his thoughts. He hired executive from Goldman Sachs for Strategy and Business, working big time on supply chain, developing a volume based business which surely has chances to click more in India.
Although, I havent purchased anything besides a tie at Pantaloons but its surely keep updated by latest fashion and daily trends.I have realised this recently so surely Pantaloons will be worth trying next time for economical and good shopping.
With talks of FDI for retail moving towards 74%, I know Biyani group will be one which is going to be hit hardest and this shows clearly from his articles and interviews.
Recently, N R Murthy of Infosys shared views saying retail should be opened up.And my views here is that maybe its little early to open FDI In retail. The very emotional reason to support is that Indian group should be given some lead in the race to atleast grow and come to a platform to handle competition and form perfect competition in the market which are going to then benefit customers.Secondly, MNCs and retail biggies if allowed so early in market will lead to resource crunch thus moving costs up and also it will create a wave of mergers and acquisition too early in the market.
M&A is good for any market in little long run to being that correction which in turn benefit customers.But if it happens early,biggies creates a seller market which will also make it difficult for any new start up to penetrate in market.
Govt should first alllow Indian players like Reliance, Future group, Bharti, etc to set their operations and create awareness for retail market. This will also get more revenue for govt when foreign players will enter market.
Retail surely in next market to cheers after Telecom in India.

Retail going online-FutureBazaar

India surely makes a different market in terms of business models and customising approach towards customer.Retail business is the one which has started trying new models now.Today, saw huge billboard of FutureBazaar,owned by Biyani's Future group.I think they are wroking to rebrand their retail chain.
As far this futurebazaar goes, it is online retail shop. Looks like click and pay and home delivery.I still remember during my B-School days,when Me and my friend actually had discussion on such a online model in retail. And I even mentioned the idea on my blog in August 2005.
The challenge which for these retail chain in India will be modifying the business model.Such a model is visible in cities and metro wherein people are short of time.One thing important here is supply chain.Now Biyani is investing lot of money and also it has started working on its back -end,maybe they will be able to Click the opportunity.