Sunday, February 11, 2018

Business learnings from Velaikkaran(2017 Tamil movie)

I watched the movie(https://en.wikipedia.org/wiki/Velaikkaran_(2017_film)) and took away following key learnings

  1. Consumerism has a karma element to it-we are workers/employees for 1/3rd of the day but consumers for 2/3rd. What we do to others comes back to us
  2. In health sensitive sectors like food, negligence or fraud is tantamount to murder. Hence, the potential support to death penalties for food adulteration as done in China
  3. One needs to TRACK expenses to avoid monthly wasteful outflows 
  4. Merchandising in modern trade has contributed to consumerism, and online, the recommendation algorithm and placement window plays a like role. So unless we go with defined budget and shopping list, we run the risk of overspending
  5. In regulatory clampdowns or general distress like strikes, it is the strong players who buy weak ones and consolidate-this is a trend seen in distressed assets sale also under insolvency framework. So relaxing competition laws should be done with care
  6. Employee's pride in their jobs and wanting family to look upto them with pride, is a powerful tool which should be leveraged, and is done in TQM etc
  7. Labour Day should be about labour duties and protections, not just for rights
  8. As consumers, we should do informed purchases about what enters our body, even if Organic is costly or fad, we can avoid unhealthy stuff atleast like carcinogenic substances

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