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How to manage stress & anxiety | Lessons from Bhagavad Gita will change your life Do you hear people around talking about high stress levels?That’s become such a common topic of discussion that people have assumed stress and anxiety as par...

#5 - Learn the Art of Business Strategy - How to write your business Vision, Mission and Values.

How to write your business vision, mission and values | Learn the Art of Business Strategy (#5) Welcome to “Learn the Art of Business Strategy” series.Imagine you board the plane but don't know where you want to go. While on the plane, you want to go to...

Finding Your Strategic Potential - Learn the Art of Business Strategy (#4) Welcome to “Learn the Art of Business Strategy” series. Do you know the position of your business in current environment? If you know this, you can use this ...

How well do you know your business?

Well, I know my business in and out. This is the biggest myth.

In continuation of my last video on strategy, where I discussed external analysis of a business, here is the next one about internal analysis.

Internal Analysis is about knowing your business well.

Here I’m introducing McKinsey’s 7S framework with an example.

If you follow this entire series and implement the learning, you will have complete strategy plan for your business at the end.

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Enjoy watching. Happy Entrepreneurship !

Internal Analysis of business | McKinsey's 7S Model | Learn the Art of Business Strategy (#3) Welcome to "Learn the Art of Business Strategy" series. How well do you know your business? "Well, I know my business in and out." This is the biggest myth. ...

Ramayan has been recognized as the spiritual text. But today I’d like to look at Ramayan from the perspective of entrepreneurship.

I was wondering, are there any lessons which business owners can learn from Ramayan?

And I was surprised when I realised that there are so many lessons.

I’ve categorized learning from Ramayan into 3 categories –

a. Leadership lessons
b. Management lessons and
c. Strategy lessons

Enjoy watching.

https://bit.ly/2GRYv6A

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Business lessons for Entrepreneurs from Ramayan | Leadership | Management | Strategy Lessons It’s Diwali... Happiness is in air and I wish you all a very Happy Diwali. Ramayan has been recognized as the spiritual text. But today I’d like to look at Ramayan from the perspective of entrepreneurship. I was wondering, are there any lesson

Jeff Bezos has long maintained that one single attribute separates people of high intelligence from everyone else: the ability and courage to change their minds.

"People who are right a lot listen a lot, and they change their mind a lot. They wake up and reanalyze things and change their mind. If you don't change your mind frequently, you're going to be wrong a lot."

Of course, it's one thing to say that in the abstract. It's another entirely to act on it - especially when changing your mind could cost you money (sunk costs). But, almost as if on cue, Amazon has provided an amazing example of Bezos's observation in action. After investing four years in a restaurant delivery service Amazon said this week that in effect, the company has changed its collective mind. As the Journal went on to explain, food delivery is turning into a "cutthroat market" in which margins are as thin as can be imagine, Uber also lost $1 billion in the first quarter of this year.

So maybe Amazon tried and failed -- or it simply didn't execute effectively, but either way, they learnt a lesson and decided to practice what its founder preaches.

Make the smart decision. And be willing to change your mind.