It has been a real busy schedule for me these days. Last couple of weekends I have been traveling and weekend before that was busy with board meeting.
Last two weekends I have seen close to 2500 KMs of India and traveled through different parts of 7 states. (Chandigarh (UT), Punjab, Haryana, Uttar Pradesh, Uttaranchal, Uttarkhand, Himachal Pradesh). Had been to places like Delhi, Mathura, Agra, Haridwar, Rishikesh, Deharadoon). Planning to Amritsar and Wagha border next weekend.
This is incredible traveling and I am feeling charged up to see so much of India!
I will be traveling to Norway for a business trip on second week of April for a customer seminar. (BTW, the new business plan I submitted was approved and I am going for next level discussions, which is good)
In summary; it will be busy summary and planning to continue my Bharat Darshan!
Sunday, March 28, 2010
Sunday, March 07, 2010
Kahani Yek Company Ki
I have been thinking since quite some time; why companies fail? Few established companies, who appear to have solid track records, credibility, move in to the phase where everything becomes fragile.
Is it failure of leadership? Failure of strategy? Failure of execution? Failure of Understanding the customers? Or it is mix of all?
I would like to take a case study of Shri Balaji Telefilms, a company which produced popular TV serials like “Kyounki Saas bhi kabhi bahu thi” and “Kahani Ghar Ghar Ki” etc. Ekta Kapoor whipped Shri Balaji Telefilms in to a production frenzy of TV soaps and made families adjust their evening schedules to her show timings. In those days, every TV channel wanted to work with Balaji and it appeared the success is eternal.
This appears to be the case with most of the companies, where everyone feels the success and start thinking the success story would continue with the same pace.
Balaji Telefilms started thinking that the show it has been producing has eternal appeal and failed to notice audience tastes were changing out of daughter-in-law and mother-in-law stories. This is the example of missing understanding of your customer needs and changing your game plan as per that.
On top of this, there was no brake on spending, which resulted in reducing the profit margins, which is the failure of execution. As if this was not sufficient; Balaji screwed Star TV; who owned stake in Balaji telefilms in that time and Star and Balaji used to work as captive vendors. This is clearly a failure of strategy and looking at the bigger picture.
Idea of having Shri Balaji Telefilms as case study is not to project it as a failed company. Good part is, they realized it and started taking steps which would eventually re-build it to a successful company. But the question is, why companies get in to this stage where they start falling apart?
My take is, failure of leadership!!
Is it failure of leadership? Failure of strategy? Failure of execution? Failure of Understanding the customers? Or it is mix of all?
I would like to take a case study of Shri Balaji Telefilms, a company which produced popular TV serials like “Kyounki Saas bhi kabhi bahu thi” and “Kahani Ghar Ghar Ki” etc. Ekta Kapoor whipped Shri Balaji Telefilms in to a production frenzy of TV soaps and made families adjust their evening schedules to her show timings. In those days, every TV channel wanted to work with Balaji and it appeared the success is eternal.
This appears to be the case with most of the companies, where everyone feels the success and start thinking the success story would continue with the same pace.
Balaji Telefilms started thinking that the show it has been producing has eternal appeal and failed to notice audience tastes were changing out of daughter-in-law and mother-in-law stories. This is the example of missing understanding of your customer needs and changing your game plan as per that.
On top of this, there was no brake on spending, which resulted in reducing the profit margins, which is the failure of execution. As if this was not sufficient; Balaji screwed Star TV; who owned stake in Balaji telefilms in that time and Star and Balaji used to work as captive vendors. This is clearly a failure of strategy and looking at the bigger picture.
Idea of having Shri Balaji Telefilms as case study is not to project it as a failed company. Good part is, they realized it and started taking steps which would eventually re-build it to a successful company. But the question is, why companies get in to this stage where they start falling apart?
My take is, failure of leadership!!
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