advertisement advertisement The year 2012 is not only the Year of the Dragon, it also marks 30 years since In Search of Excellence was published. While there have been voices over the years which have been critical of the book’s methodology, its resulting content, and even its writing style, the case can be made that it is the most influential management book not only in these last 30 years but perhaps–just perhaps–ever. Hyperbole? Consider: It created a new genre of “best seller” business books, works that were not only informative but interesting and highly readable for Everyman. With a few exceptions, such as McGregor, Chandler, Sloan, maybe Drucker, many (most?) prior books on management/leadership were arcane tomes written by academics for academics and practitioners and were rarely found on any popular “best seller” list. Now “business” is considered a book category in itself thanks in no small part to … [Read more...] about The Most Influential Business Book Of The Last 30 Years?
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advertisement advertisement When Walmart bought up a tiny Silicon Valley startup called Kosmix in April last year, it left a lot of tech watchers scratching their heads. About nine months on, the little company’s role within the mega retailer is coming into focus. Kosmix–now called WalmartLabs–is leading mobile and social research and development at Walmart, with the goal of pushing the company forward in mobile and online retail. And increasingly, it looks like Kosmix will play a key role in the retail behemoth’s international efforts. For Venky Harinarayan and Anand Rajaraman, the company’s two cofounders, Walmart’s purchase of Kosmix was their second startup deal. They’d sold their first company, Junglee, to that other massive retailer, Amazon. Kosmix became WalmartLabs and Harinarayan and Rajaraman joined Walmart as heads of mobile and online retail. The key, it seems, is that Walmart is giving the tiny crew the space to create and … [Read more...] about WalmartLabs Brings The “Two Pizza Team” Startup Culture To Walmart Empire
In his book ‘Poor Charlie’s Almanack’ legendary investor and author Charlie Munger writes ‘spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day- if you live long enough- like most people, you will get out of life what you deserve.’Independent investor and investing coach Vishal Khandelwal lives by these words. An analyst who quit his job at the age of 34 to focus on teaching the Aam Aadmi the art and science of investing. Safal Niveshak, Hindi for successful investor, has been his platform where he gives online training on investing. A prolific writer, Vishal spends 75 percent of his waking time in reading and learning.Vishal does not like to speak about his stock picks and the returns his investment has generated. The fact that he has been able to come out of a job by taking care of all his liabilities gives an insight that he has done well for himself.Close Vishal is known more as a teacher of … [Read more...] about The analyst who quit his job to be a teacher and a ‘Safal Niveshak’
Ride-hailing firm Uber has invested Rs 1,767 crore (around $250 million) in its India business, further committing to a market where it is going up against local startups across a range of sectors.The investment, approved on October 29, was disclosed in a regulatory filing to the Registrar of Companies.“This appears to be the largest piece of foreign direct investment by Uber into India till date,” said Vivek Durai, CEO and co-founder of data intelligence company Paper.vc. “Given recent statements from Uber, one could hazard a guess that this poses a more direct challenge to Swiggy than to Ola.”Close The money, a company source said, will be deployed in the ride-hailing business that counts Ola as the main rival. related news MMTC extends tender offer to sell 6% stake in ICEX till November Tata Motors to reduce stand-alone capex by 10% to Rs 4,500 crore The cash infusion will also strengthen Uber Eats, where the San Francisco-based company … [Read more...] about Uber strengthens India push with $250-million investment
We remain confident that there will not a sharp correction unless there are shocks emerging from external events on the geopolitical front or some surprises on the financial deficits, Vijay Kuppa, Co-Founder, Orowealth said in an interview to Moneycontrol's Sunil Shankar Matkar.Q: Is Moody’s India outlook downgrade a cause of concern?The outlook change by Moody’s raises likelihood of a prolonged slowdown for the economy. The same has been echoed both by the government and RBI. After GDP growth rate was limited to 5 percent, various steps were taken by the government and RBI in order to boost the economy through reforms and lower interest rates. Normally benefits from such reforms takes around 1-2 years to start reflecting in a large economy like India. Thus there should be an immediate fear on account of the change in outlook.Close Q: Do you feel the market will not see sharp correction in coming quarters and has formed a strong bottom or support at around … [Read more...] about ‘Sharp correction unlikely; H2 FY20 could be relatively better than the first half’