01-22-2006, 08:32 AM
<!--QuoteBegin-ben_ami+Jan 22 2006, 08:24 AM-->QUOTE(ben_ami @ Jan 22 2006, 08:24 AM)<!--QuoteEBegin--><!--QuoteBegin-Aryawan+Jan 22 2006, 08:14 AM--><div class='quotetop'>QUOTE(Aryawan @ Jan 22 2006, 08:14 AM)<!--QuoteEBegin--><!--QuoteBegin-ben_ami+Jan 21 2006, 10:28 PM--><div class='quotetop'>QUOTE(ben_ami @ Jan 21 2006, 10:28 PM)<!--QuoteEBegin-->the ambanis are plaiinnig to invest about 1 billion usd in a retail chain.
which should be enough cbm for the goi to ask the walmarts to stay away.
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What happened to the Management mantra of finding and concentrating on your core-competency?
Ambanis' core competency seems to be to have a finger in every pie.
The tremendous clout they have in India will help them zip through the Indian beaucracy.
After Petrochemicals, Telecom, Gas stations, Power, now retail..............
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the core compentency of guys like kapil dev and imran khan was EVERYTHING.
they were all rounders and good at everything they tried.
reliance is on its way to prove themselves as one of the most versatile players in the whole world.
remember that a cigerrette making company like ITC is into hotels big time, that a behemoth car manufacturing company like Toyota, is into soya bean processing (thats right).
the core competency bit applies to small time players.
once you are a birla or a tata or similar, the more you diversify the better - cos its risky for such behemoth companies to have all their eggs in one basket. else we could have an Enron in india !!
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Well that's not what Management Gurus say. If you want to be an international player in any business you need to concentrate on your core-competency or its related/syngergistic areas. Mittal steel is a good example..
Ambanis can become a big player in many businesses in India but if they want to be an international player then they need to concentrate on one business.
ITC in diversifying in to other areas which si following the global trend for all tobacco companies to diversify in to other areas, as tobacco is a bad business in future. Hence, they are diversifying in to businesses where they can leverage their brand management/marketing skills. Philip Morris has diversified in a big way into food processing...Kraft..
The reason for becoming a conglomerate in a country like India is that once you reach a certain size in a not so perfect market economy you can leverage your clout in other businesses or rather bulldoze your way in to any lucrative business.
Just my thoughts!
which should be enough cbm for the goi to ask the walmarts to stay away.
[right][snapback]45274[/snapback][/right]
<!--QuoteEnd--><!--QuoteEEnd-->
What happened to the Management mantra of finding and concentrating on your core-competency?
Ambanis' core competency seems to be to have a finger in every pie.
The tremendous clout they have in India will help them zip through the Indian beaucracy.
After Petrochemicals, Telecom, Gas stations, Power, now retail..............
[right][snapback]45312[/snapback][/right]
<!--QuoteEnd--></div><!--QuoteEEnd-->
the core compentency of guys like kapil dev and imran khan was EVERYTHING.
they were all rounders and good at everything they tried.
reliance is on its way to prove themselves as one of the most versatile players in the whole world.
remember that a cigerrette making company like ITC is into hotels big time, that a behemoth car manufacturing company like Toyota, is into soya bean processing (thats right).
the core competency bit applies to small time players.
once you are a birla or a tata or similar, the more you diversify the better - cos its risky for such behemoth companies to have all their eggs in one basket. else we could have an Enron in india !!
[right][snapback]45318[/snapback][/right]
<!--QuoteEnd--></div><!--QuoteEEnd-->
Well that's not what Management Gurus say. If you want to be an international player in any business you need to concentrate on your core-competency or its related/syngergistic areas. Mittal steel is a good example..
Ambanis can become a big player in many businesses in India but if they want to be an international player then they need to concentrate on one business.
ITC in diversifying in to other areas which si following the global trend for all tobacco companies to diversify in to other areas, as tobacco is a bad business in future. Hence, they are diversifying in to businesses where they can leverage their brand management/marketing skills. Philip Morris has diversified in a big way into food processing...Kraft..
The reason for becoming a conglomerate in a country like India is that once you reach a certain size in a not so perfect market economy you can leverage your clout in other businesses or rather bulldoze your way in to any lucrative business.
Just my thoughts!