Monday, June 15, 2009

Every successful person has their own formula

I had written an article on self development and wanted to share the same with you because the core message is very relevant to Retail, especially Indian Retail.

There are no universal success formulas, but every successful person has their own formula. Similarly, a one size fits all approach to retail will not work, especially in India. Walmart, one of the poster boys of Retail has reportedly opened a 3,200 sq. Ft. Convenience format store in China. The chain whose stores are big, bigger and biggest is experimenting to find its success formula in a new country. Similarly there are several stories from India about Innovation and Success. For example, “Heart Mart” is an interesting Retail innovation in rural and semi urban markets of Gujarat.

Please do read the article at this URL and I hope you enjoy the same.


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