BRAiN Child - 3SRC Newsletter (Jan 2020)

 “Don’t carry your mistakes around with you, instead place them under your feet and use them as stepping stones to rise above them” 

I sometimes wonder how on earth people with phenomenal vision and outstanding capabilities, building exceptional businesses, get wrecked through their very own blunders and missteps.

• Recent instance of Zee Entertainment creator, the legendary Subhash Chandra, who had to secede his control of his baby, which he created and nurtured since its beginning. Single handedly, he transformed the way Indians entertain themselves through televisions. While he entertained one and all, he could not keep entertaining himself!
• Think about the way Indians fly. The bench-marking of quality and service in the airlines was changed by one man – Vijay Malia. He is now fighting hard to fly away from being imprisoned
• Naresh Goyal, through his airlines Jet Airways, changed forever how the Indian carriers need to function – punctuality with professionalism. His company is now bankrupt, failing to exploit the market he himself created
• The man who taught Indians to enjoy their cup of coffee, could not enjoy his life – VG Siddhartha of Coffee Café Day had to end his life untimely
• Hari Sankaran of IL&FS, who innovated infrastructure funding business structure in India, got entrapped in the hubris created by his own brilliant mind.
• Yes Bank’s Rana Kapoor, who created a great institution almost from a scratch, ending up getting shunned by the country’s central bank, being highly dissatisfied with his actions on inappropriate lending practices.

There are many instances of such brilliant creators failing to continue to capitalise on their wisdom.  

These were all brilliant CXOs. They envisioned a plan, ran around to garner resources, invested extraordinary efforts to carry out their intended goals and marketed their products and services with unrivalled zeal. But, yet they failed – miserably, in most cases. 

The big question is: Why? What could have gone wrong?

The reasons could be many.

But would you believe that in most of the cases, market condition was not the sole reason of the business failures. There were two simple reasons, which made the invulnerable, flounder.

“Death trap of DEBT” and “Unethical behaviours”

Have you ever heard of an ethical company not lasting long? Perhaps not.

Most infallibles fall on two simple stumbling blocks – excessive-borrowings and immorality. Believe it or not, these can be disentangled with some care and caution for sustainable Business Growth with industry honest practices.

Beware - debt and ethics cannot be taken lightly anymore in this changing world of business.

“Life is all about moments, create them in 2020. Magic is believing in yourself, creating a moment of astonishment every day! Keep believing and enjoying as you progress in the Year ahead.”

Best Wishes for festivities all around with family, friends & the society around you….Jai Hind ”

Editorial Team of 3SRC Thanks you for your continued support and interest.

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