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Showing posts from May, 2024

Basic Principles of Competition

  Basic Principles of Competition Irrespective of brands & individuals aspirations, competition has existed since time immemorial. Moreso it becomes important to realize that timing is a very crucial factor in remaining relevant in every type of the competition. And that brings us to some basic principles that can be equally applied on micro as well as macro level. A) Understanding your consumers mindset:  The entire business model revolves around the theory, which itself is evolving, any business model that must have carried out a proper  Value Stream Mapping,  can easily testify how many NVA's they were able to identify & remove that they must have been religiously practicing for decades. Anything and everything that any business is involved in & is not adding any value to the consumer, or the end user than it automatically becomes an absolute waste of time & resources. Dump it or it may remain the bottleneck of your business forever. Toda...

Narcissist, A grown up child!

  Narcissist, A grown up child! In professional as well as personal interactions it is important to have identified some of the narcissistic individuals around & have clear understanding of their lack of maturity to display a behavior rooted in empathy & compassion. So no matter how heartfelt & emotional side of yours that you may have expressed to them, it wont make any difference to them. The reason is that they can only see, understand & reason from their needs, & that goes to say that needs of everyone else around are insignificant to them. Hence it becomes important to analyze & understand how a Narcissistic person, think, reason & act. A)  A two your old toddler only understand their needs to eat, sleep & play. If they want a toy they want it irrespectively, if they want to watch cartoons on tv, that's what they will stick to, if not they will continue to cry & make all possible nuisance around them. A narcissistic ...