The Story of 7 "S"

Posts tagged ‘Entrepreneurship’

From Guts to Glory!! An Evening with YC Deveshwar, Chairman ITC Ltd.


A Few Days back, I had a Golden Opportunity to be at the Young Turks 11th year Anniversary Celebration at Delhi.

Earlier the Tag for Successful people was “Rags to Riches” but now it is  “Guts to Glory”

Seems perfect for An Entrepreneur.

Every Moment of the Event is captured in my Mind and The one that I want to share with you is the talk by Mr Yogesh Chandar (YC) Deveshwar, Chairman of ITC Ltd.

 

It was so good that it inspired me to tweet that

“Listening to Mr Deveshwar for 1 hour is equalivent to 2 years Learning at Business School”

Some key takeaways were:-

We Need to have Indian Brands/Companies Going International

  • To Improve Indian Economy Companies/Entrepreneurs need to Focus on Business wherein, Either you “Export More” or “Substitute Imports”
  • Everything today’s young Consumer is buying is a Foreign Brand.  On Every Purchase of a Burger, Aerated Drink, Diaper, Chocolate, Phone etc etc, we are paying a Royalty which goes out of our Country.If we don’t make more Make Strong Indian Brands…. Then we will only be a Royalty Paying Nation.
  • India should build its own powerhouse of Indian Brands. Firstly win Indian Market and then explore other countries…and make it Global Brands like Tata, Mahindra and Mahindra
  • A Country Like Korea produced Samsung.
  • India requires Institutions driven with Values  & Vision and Requires effort of 2-3 generations.

Tomorrow’s Business

  • Tomorrow’s Business should be responsible businesses
  • Tomorrow’s Consumer would demand Value Proposition that you have for society at Large
  • Research and Development is Way to go.
  • ITC has 250 Scientist working in their R&D Department and have been given free hand and ENOUGH Time to produce Results 

About ITC

  • 5 Groups, 30 CEOs and 30 Businesses, all Businesses are Leaders or next to Leader in their category.
  • 5 Business represent Diversity… If u can handle them well. Then keeping them aligned will be great.
  • Also, it proves to be a boon, if different Businesses can be interlinked and help each other.
  • ITC was helped in Packaged Food Business by their Chef’s….Whom, he claims are the best in India. He mentions, nobody can understand the Indian Palate better than ITC Chef’s and that is the reason why Aashirwaad Atta is doing so well. They have different Mixtures of Atta for different Regions to suit their Palates..
  • That is also the reason that Yippee Noodles (2nd after Maggi), Aashirwaad Atta, Bingo Chips, Sunfeast Biscuits, are giving tough Competition to Market Leaders, in such a short span.
  • Yippee Noodles–We bought SIMPLE Insight— Long Noodles as Consumers want t Slurp more and Round Packs, as the Pans used to make then were Round as well. Know your Consumer!! Think as a Consumer.

http://www.youtube.com/watch?v=7aIWsqb0jR0Image

QUOTES

  • If your business makes only money, then it’s a Poor Business.
  • True Glory Lies in bringing value to many unprivileged people
  • If u think, U can do something, and if u think you cannot do something… In both the cases u r right.
  • Bet on Yourself.. Ask Yourself.
  • While Explaining that It is tough to do Business in initial Years, And then is easier. He shared that The Times are Tough when you are a Baby. When you Grow up, You develop muscle Be Quick!! Whoever will do it fast will rule the roost tomorrow.

THINK GREEN:-Facts about ITC that were Shared

  • Only Company in the world which is Carbon Positive and Water Positive.
  • Leeds Certified Greenest building in the “World”, ITC Hotels Office.
  • All ITC hotels are Leed platinum certified which also Translates that ITC chain of Hotels are the GREENEST Hotel chain in the World

CONVICTION AND CLARITY

  • When asked about the Future…He mentioned that I can SEE it very clearly and based on that we diversified. Apart from Conviction in his Idea/product, An Entrepreneur should be clear of where his company would reach in next 5-10 years. It should be Crystal Clear.
  • ITC was told to sell hotel as international player by Top Consulting firms that when Foreign Chains would come in the entire Business would be wiped off. We had the Conviction in our Business and the clarity of what and how we wanted to do. Results are there for all to see.

Mr Deveshwar was asked, His Company is doing lots of Corporate Social Responsibility Projects. Is this because they feel guilty of being in Tobacco business?

 He answered,

  • I didn’t start it.
  • If I don’t do, somebody else will.
  • If ITC was not in the cigarette business. Then people would not stop Smoking
  • If we Ban it in India….Then people will start smuggling which will even hit the State and Central Exchequer and only the Smugglers would benefit and nobody else.

 

LIGHTER MOMENTS

  • Don’t challenge your competition. Let them sleep.

 

 

Disclaimer::Please note these views are mine and have been gathered from what I heard. The Words I have used are not the Exact Words that were used by Mr Deveshwar, but my interpretation from what I heard and Understood. He did not mention any other Brand’s name…..The Same has been added by me for easier understanding.

All Images have been Sourced from Google.com

Advertisements

International Youth Forum 2012, The Long and Shorts of it!!

I was lucky enough to be at the 1st International Youth Forum, organized in India between 24th to 28th June 2012. This was an eye-opener and wanted to share some Snippets in regards to same. Some may be relevant to all and some may be only to me, but I shared what I felt like……The LONGS……and the SHORTS too


• Have never stayed in a Hostel since I left Bishop Cotton School, Simla on Nov 30, 1989. (Need to admit many of my fellow Delegates, were not even born by then).

• So, nice to see that the youth of today is clear in what they want and where they want to be. The route may not be clear to them, but the Destination is.

• Never have I seen So Many Enterprising youth and one place. Contrary to the common perception, that today’s Youth wants to play safe by getting a Govt Job, I Noticed here that Delegates are open to take Risks and think out of Box solutions for their own benefit along with it taking care that the Society is Benefitted at Large too.

• Never had I Sweated “So much” in such a short Span of time. (No AC’s/Coolers in our rooms). An estimate would say, I sweated enough in one night that I would do usually in a week.

The Vibes at this place were so so positive; it could illuminate a City like Delhi for 10 days.

• I have never every been so much CLICKED in such a Short Time. Hope to see some good Pics Now.

• Loved to be awake till 4 in the morning every night and discuss issues with all delegates and even chip with a game of MAFIOS.

• Have never met so many intellectual youth from so varied Geographical Locations spanning Towns, Cities, States, Countries and Continents.

• It was like the brain was working at twice the speed as we had some amazing discovery learning while brainstorming Ideas amongst us.

• I really get disturbed when I see some people sharing unauthenticated Information and Bash Govts, Media, Policies, Ideas. Good to realize that, The ALERTNESS of Few is Big enough to compensate for the IGNORANCE of many.

• I agree that Everybody does not, and cannot think on the same lines, but I am happy to see that the Paucity of ideas from one Individual is compensated by the Excess of Ideas and Passion from someone else

• It was indeed an Great Experience to listen the experiences of some of the speakers specially, Mr Gupta from Goonj, Mr Osama Manzar, First Indian Master Chef Mrs Pankaj, Prateek Shah, Delegates from Milna India, Art of Living Delegation and the Best and most inspiring Dr. Shashi Tharoor

• I have been more or less an Indian Person who wanted to Explore. At IYF, I got an excellent opportunity to meet many,many,many Like Minded Individuals and I salute their spirit of making a change that has made them travel for long hours and invest their Resources in bringing a change.

• I shared my view with most of the delegates here that we all are winners as We all have come here to discuss in regards to Development of this wonderful place called EARTH which we have inherited from our Forefathers. And it’s not OURS as We have to bequeath it to over children. With a responsibility to give them MORE than we inherited.

“You can wake up a person who is sleeping but not one who is pretending to be asleep, but here we were YOUTH of today, who does not sleep till his dreams are met”. (Only to stay awake again to fulfill our next dream)


With our Work, Let us ANNOUNCE to One and All that WE The Delegates of IYF2012, have in US what it takes and we will create a road where none exists, just to make this World a better place to live in.
Gurpreet Singh TIkku
Email—-gurujee13@gmail.com
Facebook—www.facebook.com/gurujee13
Twitter—-@gurujee13
Blog——www.gurpreetsinghtikku.com

Tag Cloud