If these economic jolts of last few weeks are called recession; I am pretty amused by it.
– Pleasantly amused by my all brokers (companies like ICICI Direct, Kotak) sending me mailers explaining different plans and simple logic behind them. None of them cared a quarter back. Last year it was a “take it or leave it” attitude.
– Pleasantly surprised that companies are talking about online, mobile, low cost models, leveraging technology etc etc. A quarter back, everybody was in a land grab mode – open as many outlets as possible, hire as many people as possible
– Pleasantly surprised when I went to my school back at ISB. Students’ expectations seem to be with rest of the world. An year back – everybody was dreaming for a Cr job
I think two main +ive developments have happened:
1.) Businesses are willing to spend time with their customers. There is a thought of “Customer Retention”.
2.) Cost of doing the business – from real estate cost, talent cost etc has come down.
Overall, I think lot of arrogance, which comes with growth have moderated. I understand that a recession also brings lot of pain (I lost my entire savings of last year) but I think it’s necessary to set things right for further growth. Thoughts? Comments?
Mukul has earlier worked with Canaan Partners (Venture Capital firm) and worked on closing Canaan investment in Chakpak Media, iYogi and UnitedLex.
Mukul holds a bachelor degree from IIT Kanpur and MBA from Indian School of Business.