Each time i think of a product , there is only one question that comes into my mind . What next ? If this product is here. How long would it sell ? One year 2 or maximum 3 years. And after that you need something new. But what. We have so much of competition around in the market . That you cannot survive without innovation.
Lets take a classic example. Apple Inc. Now who knew the products apple made would be so hit in the market that people are ready to spend that much money on that i-phone or i-pod. After i-pod, Steve Jobs did the classic work combining i phone and pod together to make an i phone. That’s called innovation. But during this period there were loads of competitors in the market. Now why would i buy their product , there has to be something different . And there came a company called Samsung. Well Samsung was not a new firm but with the cut throat competition in the market , they had to do something to survive.
And they came with smartphones which were easily affordable. And that’s the key affordable. Now just raise your hands and tell me how many of you can afford a apple I phone 5 . Let me tell you honestly . I Cannot. I mean i think thats too much of a money to be spent on a phone. I know I – phone is classy and all that jazz but i got to see my pocket as well. Likewise there are many people in this world , who would give the same statement what i gave.
And my understanding is Samsung took care of this part. Now an I- phone 5 would easily cost around 50000 Indian Rupees. Now i bought the Samsung smart phone a year and half back for Rs 8500 and tell you its got both touch and qwerty keypad and the most classy look . Almost giving it a look of a blackberry curve and i am enjoying all possible functionality of a smartphone.
Now to stay in market. Samsung , Smart Camera. Now tell me guys who would have even thought about it. Isn’t it amazing . I mean that’s what i call innovation.
Click a picture share it on Facebook , or wherever you want.
Innovation is all around , all we have to do is , find it in the simplest of the simple things.
I have a habit of reading , and this morning i Google some investment banking news and there came a link to an article from business today. It said the rise of boutique investment banks in India. Time and again markets have gone under water , almost to the level of sinking. But why ? The why is not for why markets sunk but for why when things turned sour they did not come under control. Why the intelligent minds don’t try to turn around things and grab a opportunities.
I saw so many people loosing their jobs and are out of work. Some selling newspapers outside. Some opening their shops. Not that i am saying that they are doing bad , but there are some people who are different . Who are recognized for grabbing opportunities. One such set of people whom i read about in business today were outstanding. Even when things turned bad for markets these innovative brains have implemented the concept which i would say big giants would think twice to implement . Just because they don’t want to make small profits. Well these small profits act like an umbrella for the rainy days. When the storm is already there you cannot have grilled fish in the kitchen, rather you got to work on the deck of the ship to save the lives of 100’s that are on board.
The concept of boutique investment bank that was implemented in India is amazing. I am not sure if it was implemented or how it was implemented in other countries.
Small line of customers (presumably anxious investors and savers) outside a branch of Northern Rock – a Mortgage specialist and a top UK mortgage lender – in North Street, Brighton, East Sussex. The business (a former “savings and loan” type Building Society which was demutualised in 1997) has been affected in part by problems in the US “subprime” lending market. Picture taken late on Friday afternoon on 14th September 2007. (Photo credit: Wikipedia)
Post the aftermath of global financial crisis around in 2008 , investors had started loosing trust on the big giants or the big investment banks. This was the opportunity for a concept to rise. That is where these boutiques scored over the big investment banks. The specialty of these boutique investment banks was that they started making profits on a smaller scale initially with a bunch of research folks and analysts. Yes profit margins were slow but as things progressed the deals were flowing in sm0othly and that is the profit margins of these boutique investment banks went high and that too in billions. And this made me realize that you want to reach billions you still have to start from 0. And hats off to these entrepreneurs who showed the courage to take the risk and turn around things for themselves.
If you ask me boutique i would say boutique investment banking no one researched but it already was inside a human brain , someone had to take the courage to implement this concept. The one who takes the courage is the one who succeeds. And that is very true from these examples set. Please refer more the business today article for more.
How are you ? I asked this question to myself. The answer was most obvious one. I am fine. 30 mins later i wanted to watch a movie and i switched on my LED and it was Wall street – Money never sleeps. Quite interesting one. Showed everything that i practically witnessed while i was working. That was me 7 years into investment banking technology group.
One of the most interesting portion of the movie is when Diego asks Jacob ” Whats the most dangerous question in Wall street”
Jacob : Nope
Diego : How are you ?
Damn and this thing struck me like a lightening. And those words were so true. It just simply sounds logical. If you go and asks this question to someone in wall street you are asking him the most dangerous question. How are you ? you don’t know how are you until you know how is your balance sheet. Is your portfolio in risk if yes how much .
So if someone asks me How are you ? That’s dangerous . i might end up saying i am fine but the face of market decides my status . Funny isn’t it but yes apparently that how someone would answer how are you ?