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Showing posts from April, 2020

Managing Teams – One easy looking task, most leaders fail at!

With the growth of business and economy, a larger quantity of Human Resource is required in any organization. This increase demands supervision and training through a leader. But most leaders fail in managing their teams. Why does this happen? Original Story by Prashant Sachdev  What are the qualities of a good leader? I’m sure that your management institute taught you that. Let’s recap: 1. Integrity 2. Confidence 3. Inspire Others 4. Commitment and Passion 5. Good Communicator 6. Decision Making Capabilities 7. Accountability 8. Delegation and Empowerment 9. Creativity and Innovation 10. Empathy 11. Resilience 12. Emotional Intelligence 13. Humility 14. Transparency 15. Vision and Purpose You can find this list by just searching the following keywords “Qualities of a good leader” on Google. However, if the list is available publicly, then why do leaders miss out on one or the other quality? Why are most leaders unable to perform well? In most organizations, the middl...

Rent! - The Biggest Flaw of the Retail Industry in India?

The increasing rent for commercial spaces is becoming a major challenge for companies to get a positive ROI for their Retail Stores. Original Story by Prashant Sachdev Recently, an old friend of mine started his own restaurant in New Delhi. He chose an amazing catchment for the same which is helping him to get a decent footfall and most of the items offered by him are having a good profit margin as well. But even after doing that, the contribution margins are still very low. Surprised? Guess who the culprit is? You guessed it right! It is the high rent cost that he is bearing which is becoming a major challenge for him day by day. Most retail chain companies in India opt for large commercial spaces in highly populated areas, preferably malls or shopping centers. Such properties do get them a good footfall with the least amount of BTL (Below the Line) advertising, but sooner or later, they realize that the bigger issue for them is not the fo...