Similarities between Brick & Mortar Stores and Online Retail

It is a common misunderstanding that online retailers don't have major costs as brick & mortar stores do and therefore they don't need to have higher margins than the brick&mortar counterparts. However, online retailers do have high costs and they provide every consumer-experience option that a brick & mortar store provides. The below is a …

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5 Sources of Power in Organizations

  People in various positions in an organization exercise power or influence in varied ways. There are various ways an individual exercises his/her power over others in an organization. Legitimate Power Legitimate power is also known as positional power. It's derived from the position a person holds in an organization's hierarchy. Job descriptions, for example, …

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Why we develop fight or flight or procrastinate even in simple situations in life?

Belonging is an essential biological need for all human beings. We are designed in such a way that if we feel left out from our desired ‘group’ or from a person we want to be connected with then we biologically with an uncontrollable intention go into a self-destructive state that might include a self-destructive narrative …

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Genes, Neurons, and Circuits: The Molecular Building Blocks of the Brain

https://www.youtube.com/watch?v=ctCzreJqouA The above video helps us to understand what are the building blocks of our brain and how do they influence our behavior. I would say a must watch! Also, refer the below video for an understanding on how various human states of expression are defined in the neurochemical world. https://www.youtube.com/watch?v=0ZF2z7qKgME  

The Diderot Effect: Why We Want Things We Don’t Need?

This article was originally written by James Clear at https://jamesclear.com/diderot-effect  The famous French philosopher Denis Diderot lived nearly his entire life in poverty, but that all changed in 1765. Diderot was 52 years old and his daughter was about to be married, but he could not afford to provide a dowry. Despite his lack of wealth, …

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Flipkart Big Billion Day 2018 Television (TV) Deals – How to get the best value deals? (BBD and GIS)

It is the festive time of the year again in India and like every October we are going to see a huge e-commerce sales season in the form of Flipkart Big Billion Days and Amazon Great India Sale. In this post, we will talk specifically about Flipkart Big Billion Days and the expected offers that …

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Ecommerce Selection – How to get it right?

In retail, getting the selection or assortment right is a continuous pursuit in response to the changes in the market and is driven by both a quantitative and qualitative understanding of the category and, therefore, there is no clear science to it. A category should maintain a constant selection pipeline to drive customer value – driven …

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Head & Tail Categories – Selection, Turnover (GMS), Margin and Rotations

Retail management is all about the rotation of capital. To emphasize the importance of rotations, let us take an example: Let's say I have Rs.10,000 to invest in my business and I am reasonably good at making sofas. So, I invest my Rs.10,000 in raw-material and labor and make a sofa costing me Rs.10,000 (exhausted …

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Laundry Machines Needed To Start a Commercial Laundry in India

This article was contributed to Brandalyzer by Austine D'Souza. Austine is a co-founder of a Lonavala based laundry startup and has successfully run the business for 4 years. He works at IIT Bombay currently, and blogs on machine learning at http://www.zerosnones.net. As seen in the previous article, the laundry machines that are used for B2C and …

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Know-how & Challenges in starting a laundry business in India (and how small players use Diversey to attract customers?)

This article was contributed to Brandalyzer by Austine D'Souza. Austine is a co-founder of a Lonavala based laundry startup and has successfully run the business for 4 years. He works at IIT Bombay currently, and blogs on machine learning at http://www.zerosnones.net. Convenience is the new currency of our living times and it has taken over our …

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Laminate vs. Veneers and Plyboard vs. MDF vs. Particleboard

Not every furniture that is in brown color is made of actual wood! Don't make this mistake especially if you are in the market to buy furniture. At a broad level, wood comes in three categories - solid-wood, soft-wood, and wooden boards. Solid wood formats are teak, rosewood, mahogany, beech, oak, mango wood, etc. Soft-wood …

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Courage and Creativity – Can they be taught?

Courage, like creativity, cannot be taught. If taught, that particular way of creativity or courage becomes a method in practice and is no more considered creative or courageous. Read the below masterpiece on courage by Neel Burton. https://www.psychologytoday.com/us/blog/hide-and-seek/201207/can-courage-be-taught

The Gut-Brain Connection and its relation to anxiety, fear and happiness

Some people usually feel symptoms of discomfort in the stomach or symptoms of bowels just before a big presentation and that is no coincidence because the reason for that discomfort lies in your gut-brain biology. Studies have shown that there is a direct connection between your gut and your brain and is called the gut-brain …

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Current Self vs. Desired Self vs. Undesired Self

As a human, you have many selfs or avataars in you. A current-self is a state with regular workings of life without any new change in the state - desire or hatred. The moment you have a desire (say to buy those new sneakers or that new mobile phone) you create a new state called …

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One Reason Why We Fail To Be Disciplined

As an individual, we might be in one skin and flesh but we have multiple avataars of our personality. An event can be interpreted as a positive one or a negative one depending on the avataar we wear at that time. Our wishes, our fears and our emotions are driven by the avataar of that time. …

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Courage – the one common trait among all types of leaders

Courage is the ability to do the right thing in the face of a fearful consequence. Courage is what makes us stand our ground about what we believe in. A popular saying goes like "The secret of happiness lies in freedom and the secret of freedom lies in courage". The question is: where does courage …

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On human experience of what we think is reality

https://youtu.be/TucyzpHDNlE https://youtu.be/lyu7v7nWzfo

The Psychology of Money (by Morgan Housel)

The link to this original article is: http://www.collaborativefund.com/blog/the-psychology-of-money/. This is a highly recommended read in all business schools and has valuable lessons on money which I want all my blog followers too to read. Hope you enjoy this article, thank you. ----------------------------------------------------------------------------------------------------------------------------------------- Let me tell you the story of two investors, neither of whom knew …

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Are rules more important than emotions and feelings?

If somebody makes an emotional appeal or gives an emotional reason for something, it is mostly to say that he/she had good intentions but couldn't do the action/work as desired. The first problem with it is that it cannot be verified. The second problem is that even if you think it is wrong and you tell …

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