Today Mr. Dipak Jain, Dean of Kellogs delivered a talk on this subject. He is simply amazing. His life is an inspiration. Born in a small town in Assam in an ordinary family, he ends up as the first Indian to ever head a leading business school in US.
Some inetersting stuff i picked up from his speech..
When you think of competition, think beyond boundaries. Eg. For an Airline, a videoconfercing company could be a serious competitor than another airline.
The fastest growing demographic segments in Europe, Japan and US is 65+ yrs. In India it is 35-. China is also at a distinctly disadvantageous position as compared to India, because of its "one child" policy adopted earlier. China could hence get old before it gets rich and India would get rich before it gets old.
To delight the ever incresing segment of demanding customers, it is not enough if you innovate products or processes. You need to innovate business models. Eg. Google. This company realized that its customer is not the person who searches, but the website which is being searched.
He also had his share of one liners... some of which i enjoyed are..
1. Marketing is not a function. Its a mindset
2. If u enjoy what u are doing, you dont have to work
3. You are at your best when you have nothing to lose
4. Don't wait for the elevator of success, take one step at a time. Atleast you will go up
5. The challenge ahead of you is never greater than the force behind you
6. Luck is like the deck of cards you get. What you make of it is efforts
And the best one is....
People who eat square meals, end up round
