Contrary to the fears that e-commerce portals will bring a downfall of the physical retail format, the latter has bounced back with the might of the e-commerce channel. A booming consumer market in countries like India and China, entry of foreign retail players,...
The official records put the number of MSMEs existing in India at over 500 lakhs approximately. The numbers may appear frightening for budding entrepreneurs and other existing SMEs as it may present an exaggerated picture of competition. However, it also needs to be...
Lack of capital, manpower resource constraints, the time required to open another store, the involvement of business risks etc often redirects businesses to opt for the franchise option for growth and expansion. Franchise model has proved to be a successful and...
Behind all that we get to see in a modern retail store – organized aisles/merchandising, wide range of products, uniformed employees, payment terminal with readers and scanners, a cool and clean environment, designer interiors, lighting and seating arrangements etc....
On a lighter note, restaurants and marriage parties are remembered for the food. However, if a restaurant wishes to build for itself a strong reputation and create customer delight, it has to go beyond food and also focus on its service and environment. Restaurants...
Today’s business environment is marked by fierce competition, advanced digital technologies, changing demographics and complex market segments, to name a few. In order to survive and grow in this environment, business enterprises cannot afford to be content with the...
