The story of Pantaloons, big bazaar, Central and the great Indian consumer.
A book published by Rupa Co, @99 bucks, by Kishore Biyani and Dipayan Baishya. It is a treat to go through these wonderfully crafted 268 pages, talking at length about the way things "Flow" and the "love of chaos".
Roshan Sir,a collegue of mine at MICA shared the book with me, and many thanks to him, because the book did brushed with me quite a few times but incidentally I never bought it only to realize today that it was destined to meet me at this part of my life.
CRUX
The book is all about the life of a Man who has framed the whole Indian retail business and taken it to a complete new dimension, Mr. Kishore Biyani. The book gives ample opportunities to probe, perplex and provoke and challenge our accepted notions and beliefs.
On Shopping Behavior:There are couple of emotions that determine the buying behaviour. The most fundamental of them are greed, altruism, fear and envy ( Greed drives a customer to purchase more than what he or she needs. A wide range of options, better products and lower prices generate the increased desire to purchase. Higher purchase is also driven by a fear that the current price on offer may not be available for long so the product has to be purchased right away. And envy sets in when one sees others buying and making the best out of deals.
Division in India: They divide India into three sets, Consuming class- 14% and for these most of the products are made., Serving class- comprise of people like drivers, peons etc, and for every Indian in Consuming class there are 3 from Serving class, the third off course is struggling class. The business Model cater to the necessities, aspirations, attitude, desire etc for the serving class.
A quote by Rama Bijapurkar: In India, most of us are not prepared for the consumerism that's setting in this country. We underestimate how many people are going to fly and that's why our airport are jammed. We underestimate how many people will talk on phones and so most of the times cell phone networks are congested. we are not prepared for the force of consumerism that is unfolding.
What set India apart is the diversity and uniqueness of the Indian market. On a given week our country men are celebrating a festival about which the most of us may not be having a single clue. The Rice we eat , the apparel that our women wear, the dialects we speak, change every hundred kilometers in our country.
The current generation is therefore simultaneously more proud about being Indian, and more modern when it comes to their lifestyles, than their predecessors. In essence, they are far more confident of their place in the world. This is the generation that feels that everything is within their reach and aspires for it. And this is true for everyone metros as well as small towns.
This is a paradigm shift which Kishore Biyani calls as 3C's theory- Confidence, and change bringing about unprecedented era of consumption.
Rama Bijpurkar, an independent market consultant and board of members of Future group, once said to Kishore, " I could not see what value I am delivering to you, so he should stop paying her". He heard her out and then delivered his characteristic punch " Its not your Job to deliver value to me, but it's my job to extract value from you.".
"Strength lies in differences, not in similarities"
" to make me do things someone has to give me a very good reason or some amount of logic.
There are three kinds of entrepreneurs, Creators, preservers and destroyers.
Despite all the difficulties , all the frustrations, there is a joy in having done something as well as you could and better than others thought you could- JRD TATA
In Kolkatta, once you win over a customer , he/she is loyal to you for the rest of their life.
If you look at the Indian Bazaars, mandis, meelas, they are environments created by traders to give shoppers a sense of moment, of event, a place.
The perception of Malls was that modern shopping outlets are expensive places, glitzy floors. Most often owners complaint that most of the people who walk in the mall not even enter their stores leave alone buying anything.
So the idea of the Big bazaar was to make Big bazaar very comfortable for the Indian customer.
I do not believe in consensus decision making... I do not take a vote, I make the decisions.
The most fast moving consumer good in India are "Movies" Its just first Hours on Friday.
I based everything on one philosophy 'rewrite rules, retain values'
Chase your dreams but don't compromise on your belief system.
We find the people first and then create a job for them, we work the other way round.
Most businessmen can make the mistake of creating an environment wherein Only they win. they see life and business only as competitive arena, not cooperative arena. They tend to think in dichotomies: strong or weak, hardball or softball, win or loose. But this kind of thinking doesn't help building long lasting, helpful relationships. Relationships are built on principles, not on the basis of power and positions.
Most Business organizations are dominated by engineers, MBA's and chartered accountants. They are all trained to be logical and methodical in everything they do. Essentially this is the way our left brain works. This part of the brain is verbal and processes information in an analytical and sequential way, looking first at the pieces and then putting them together to get the whole.
The right side is creative or visual. It first looks at the whole and then the details. That's how our organization works. An organization using processes, analysis will only do one task well, but will not be able to innovate or create something new. On the other hand creativity alone cannot drive Business. So its a happy marriage of both which is what is required.
A strategy is only successful if it goes through constant adjustments, innovation and creativity.
Innovation is about creating change not reacting to change.
Future is a fluid entity which an organization creates and imagines.
Concept of Flow: Consider Business as a living, breathing entity which grows organically. And lots can be learned by observing nature. In nature there is no fundamental tension between conservation and change, between order and freedom, between organised and disorganised. Complexity and simplicity coexist in nature.
At face value these aspect may seem to be mutually conflicting, but underlying them is a secular theme that cuts across everything: Growth.
Behind creation evolution adaption and destruction, there is a constant process of growth in nature.
That's the "Flow."
Its all in GENES:
1.We like being simple.
2.Speed is the essence of everything we do.
3. We like to learn while we execute.
4.We like thrift
5. We believe that customers are always right.
6. We like to think in terms of majority of people.
7. We take proud in our core value of Indian-ness.
Above all , Give till it hurts- Moder Teresa.
Suggestions By KB to read.
A.7 habits of highly effective people- Covey.
B. Awaken the Giant within you- Anthony Robbins.
C. The Alchemist- Paulo Coelho
D. Jonathan Livingstone Seagull- Richard Bachs.
E. Future Shock, Power shift,The third wave- Alvin Toffler
F. A passion for Excellence and Re Imagine- Tom Peters.
G. Made in America- Sam Walton
H. Pour your heart into it-Howard Schultz
I. How a Couple of Regualr guys Grew.....- Bernie marcus and arthur Blanks
J.Leading by Design:IKEA Story-- Ingvar Kamprads
K. Like no other store-Marvin Traub's
L. The Bloomigsdale Legend and revolution in American Marketing.
M. I too have a dream: Verghese Kurien's Autobiography.
Leadership is not about Delegation, its about Abdication.
It cannot be a zero sum game, we need to create a win win situation
The most respected countries are now dramatically transforming their business to adapt to new era and are becoming more and more apparent. Apple has become designer, Google may be based on technology but the driver is the simple design, and the user interface.
That's all I found interesting in this Book. Worth a read, and worth the time, if you seriously are in love with consumer and insights.
Labels: Through Lens-Reviews