How to transform business by transforming people
It looks like the same old story. A bold entrepreneur builds a whole industry from a revolutionary idea. Business and challenges grow. People form a pyramid called structure and a box called function. Business crosses every conceivable boundary. Boxes multiply, align into a greater pyramid and fight greater battles. Each successor adds a new...
Your stock picks are interesting. But it is really surprising to see your magazine consistently use “market cap to operating profit” as a key valuation measure. While most valuation measures, taken in isolation, may not be perfect, this one is most imperfect. It compares what shareholders are presently paying to buy into the company, i.e., market capitalisation with “operating profit”, which...
In “Turning Point” (MoneyLIFE, 30 August), Amitabh rightly says, “... you need to have pots of money, which you can afford to lose. I don’t have that kind of money”. In fact, no one has money to lose, unless of course, it is ill-gotten black money (remember “ill gotten, ill spent”). I also concur with his decision not to accept the advice to close his company (ABCL); he rightly felt that he...
