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Design your destiny

Albert Einstein has said: “ We can’t solve problems by using the same kind of thinking we used when we created them”. It needs innovative ideas and the out of the box thinking to create a viable solution, for solving complex challenges. This is where the design thinking helps. It can be defined as a methodology used to solve complex problems by correctly identifying and analyzing them and coming up with viable workable solutions to these problems.   Honey Bajaj [1] – a strategic thinker and a guest author in her blog “How to boost your innovation and stand out from the competition” [2] on YOURSTORY, has mentioned the 3 strategic steps for implementing Design Thinking: ·       Immerse   ·       Invent   ·       Implement According to her Immerse stands for indulging in the environment to capture information by doing a need assessment and mapping the information collected. Invent stands for defining the problem statement based on evidences obse

Indian Retail Czar - Arrived

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When I entered the retail business with our first store at Juhapura in the year 2004 I hardly knew much about this sector. Having spent most of my professional career as an advertising and media executive, food-grocery retail remained alien to my knowledge. While I was struggling to learn the ropes of retail I saw many corporates rode the retail wave and there were scores of retail chains cropped up in food-grocery domain. Amongst the prominent ones were Future group, Adanis (which later sold the chain to Reliance), Reliance retail, Subhiksha, More (Birlas) etc. But there was one name which never made it to this ‘prominent’ list’ – D-Mart. It is irony that most of these ‘prominent retail chains’ who were touted as a game changer of Indian retail industry are struggling today while D-Mart is the talk of the town. Much of the credit for this success of D-Mart goes to its approach to the organized retail. While most of the Indian retail chains blatantly copied the western formats, D