NPV : Non Performing Vision ?

Just came across following news / headlines in papers :

·         Aircel files for bankruptcy, blames it on new operator

The company said in a statement that it is facing troubled times owing to intense competition and a disruptive entry of a new player ………… the company could not reach at a consensus with respect to restructuring its debt and funding

·         Older Telcos have no choice but to move Court : Mittal

“ We have heard Trai’s response and since the order binds us from conducting our business in an orderly manner , I cannot envision anything other than a legal challenge “, Mittal said

“ We believe we must be provided with the rights to conduct our business in the marketplace. This is enshrined in in the Constitution under Article 14 “

There is no doubt that , in the months to come , we will hear a lot of cases of NPA ( Non-Performing Assets ) owned by banks – all of which will try their best to hide this information from public

Do the above mentioned news , strike you as examples of companies trying to hide their NPV ( Non-Performing Vision ) from public, by trying to divert our attention to TRAI / Telecom Commission etc ?

It is possible the top managements of these companies did not get a chance to read my following blog

  

But it is high time the share-holders / employees of all the companies , start asking :

WHOWILL OBSOLETE WHOM  ?   [ 20  Aug  2015 ]

 

https://myblogepage.blogspot.com/2015/08/who-will-obsolete-whom.html

 

Saturday, 22 July 2017

What Business Are You In ?

For the entire Telecom Industry , the one lesson they must learn after the latest announcement of Shri Mukesh Ambani , is what Ted Levitt wrote in his seminal essay (  Marketing Myopia / 1960  ) :

" What business are you in ?  If you don't make yourself obsolete , someone else will "

He went on to quote the example of the US Railroads , who thought they were in the “ RAILROAD BUSINESS “

Along came Henry Ford with his Model T , saying :  I am in the business of  TRANSPORTING PEOPLE

And made the railroads obsolete ( at least in USA ) , as far as  PEOPLE BUSINESS  was concerned !

I still cannot forget when I had a 30 minute one-to-one meeting with late Shri Dhirubhai Ambani , in February 1990 , when , for a short period , he was Chairman of L&T

I said :

Sir , I just resigned as General Manager ( Planning & Development ) of L&T , after working for 31 years

I was hoping that he would dissuade me from resigning

To my utter surprise , he said :

Very Good !  Despite being son of a Bania , why did you work for someone else for 31 years ?

Dhandho Karo ( Start your own business ) . If you need funds , just tell me . I keep a separate fund for people from Saurashtra

The he explained to me in details , his plans for a backward integration of his business :

"  From Fabric to Yarn to Petro-Chemicals ( which are basic raw materials for synthetic yarn ) to Refining to Production to Exploration of Oil "

It is high time for the giants of  Telecom Industry  to ask of themselves :

WHAT  BUSINESS  ARE  WE  IN  ?

Are we in the business of  “ MOBILE  TELEPHONY “  or are we in the business of  “ MOBILE  ENTERTAINMENT “ ?

Then , after 5 years , what business should we be in ?

Should we continue to remain in “ MOBILE  ENTERTAINMENT “ or should we consider ourselves in the business of “ MOBILE  SOLUTIONS “  for ANY / EVERY problem faced by a user ?

And should we continue our “ Backward  Integration “  into the  ENTERTAINMENT INDUSTRY  or should we integrate with Start Ups in  HEALTH-CARE  /  EDUCATION  /  EMPLOYMENT  ?

The writing is on the Wall – for professional executives who can read !

01    March  2018

www.hemenparekh.in / blogs