Saturday, August 9, 2008
Friday, August 8, 2008
Thursday, August 7, 2008
That could be successfully handled when it plays a neutral role on resolving number of issues affecting the business community by and large , and starts an effective dialogue with stakeholders of civil society on issue related to environment and social development. Such dialogue would make the process of growth smooth for small business and bring the small business owners in a bigger role, of development of economy and simultaneously taking care of social and environmental issues.
Monday, August 4, 2008
This is important , as while consulting in the small business sector, I have gathered this experience that most small business who are very hostile to their competitor and doesn't collaborate in the market while competing , stand as a looser at the end. There is need for change of attitude in the SMB sector in regards to competition.
In our therapeutic culture, I'm sure some socialist and political leaders, hopes they can find the genetic abnormality that triggers entrepreneurship. They feel with that they can cure the conditions which triggers entrepreneurship.
That's the only guaranteed path to permanent power stability uninterrupted by innovation. Infact it is much easy to stay in power both in society and politics without the constructive intervention of entrepreneurs. It is often seen that they raise the bar for society and politics and move them to become more accountable for the actions towards the nation and the globe.
Recently , I was going through a article from rediff which shows how Vinod khosla takes his decisions on renewable energy ventures.
'Get busy' is the punch word of the smartest venture capitalist in the renewable space, who once dreamed to become an entrepreneur .
If our politicians could take decisions like that , on pressing environmental issues then half of the environmental problems of the world could get solved.
It's good for the world , to an extent, that our politicians and social leaders, does not find cure for the entrepreneurial abnormality in near future . Innovation could then play a role of great leveler between the 'have' and 'have not' in global society.
Sunday, August 3, 2008
Following are the introspective questions of handling powerful competitors
1. Understand the powerful Competitor strategy. Are they ambushing? Are they aggressive? Alternatively, are they playing defensive?
2. What kind of alliances they have? Are they trustworthy to the powerful competitor
3. Can networking efforts be build to these alliances?
4. Could there be any alliances with the powerful competitor itself which can protect both of the parties interest. Recently big retail outlets are arranging space for local Mom-pop shops on the ‘left out’ product categories
This introspection could help to build a basic competitive strategy to handle powerful competitor.