Thursday, 2 February 2017

Execution!

How To Execute Effectively ?

1. Improve Co-ordination across Units.

2. Reallocate resources continuously.

3. Keep Message Simple and Consistent.

4. Reward behaviour that support Execution. - Ex-Ambitious,Agility, Experimental,Innovation.

5. Have Front line manager to take Tough Calls.




                        

Thursday, 26 January 2017

New Medical Trends and Practices

1. Gene Testing

2. Percision Oncology

3. Greater Reliance on Robotics

4. Stem Cell Therapy

5. Bio-absorbable  Stent

6. E-ICU's

7.Cloud Based Point of Care Devices and Diagnostics for Remote Location

8. Heart valve replacement with minimal invasive surgery procedure.

9. Use of AI and Advance AI like image recognition and voice recognition.

10. Digital Therapeutics. 

Thursday, 15 December 2016

Net Promoter Score (NPS) : Simple but powerful tool to measure customer experience of your brand

Just like revenue and profit, Customer loyalty can be systematically measured, managed, and improved. As we know that loyalty is directly proportional to word of mouth.
To compute NPS for your organization, select a random sample of one hundred customers and ask them "On a scale of 1-10","How likely is it that you would recommend (Brand) to a friend or colleague?"   After you receive the responses,divide them into three buckets. In the first bucket,place the responses that are a 9 or 10,and label that bucket "Promoters". In the second bucket,place the responses that are either a 7 or 8,and label it "Passives". In the third bucket,place the responses that are 0 through 6, and label it "Detractors". 
Once done,focus only on the Promoters and Detractors. NPS = Promoters - Detractors. For example responses are 50/20/30 for Promoters/Passives/Detractors respectively them, NPS= 50-30= +20. If it is 20/10/70, NPS= 20-70= -50. So NPS above 0 means that majority of your customers are happy and willing to give you strong referrals for free. 
Promoters are customers who love your organization so much that you might as well think of them as your sales ambassadors. They spread positive word of mouth. 
Detractor are their exact opposite. They are your unsatisfied customers,who had bad experience with your organization. 
The Passives are neither excited nor disillusioned, they are neutral, they do not spread any word of mouth. 
So, NPS quantitatively captures the net word of mouth power of your organization. 

Friday, 24 October 2014

Every companies/ Leaders must do introspection of following 4 things to get success.


Kaal (Time): Do you take right action at right time? Are you launching new products/services at the right time? Is your market is ready for your product/services? Are you able to meet project time? Etc…

Gun (Character): Are your intention of doing business is right? What is your purpose of doing business? Are your company is in the path of mission and vision statement? Etc...

Karam (Action): Are your company taking every possible step which leads toward success? Are your employees goals and company goals are same? Have you taken needed right action to correct past mistakes? Your each every action shows how you and your company serious about the Goal/Aim/Objective. Etc...


Swabhava (Nature): How do you treat your clients and employees? Are you fulfilling your commitments which are made during contracts with client? Are your customer care team/front teams treating correctly as per company standard procedure? Etc... 

Saturday, 5 April 2014

Management Gyan : Mythologically



These parameters helps you in indentifying who is Ram, who is Ravan, who is Duryodhan , and who is Krishna in your team , organization and social circle.

Rama
(Up holds values and justice)
Ravan
(Believes in his own law)
Duryodhan
(does not break the law but intent is wrong)
Krishna
(follows no rule, works for everyone's betterment )

The most dangerous person in the organization is Duryodhan; he doesn’t wrong the law but his intent is wrong. 

source: corporate dossier,ET.

Wednesday, 13 November 2013

Brand “Religion”



Have you ever thought? Which is first brand name in the world? Most probably it would be any oldest Religion. This Brand Religion is deeply rooted in human brain. Story of this brand transfer from one generation to another generation like no other brand can ever did, probably not will not be able to do in future. Here is what can we learn from brand Religion?
1. It spread awareness by hiring celebrities (Godmen) and media houses (religious institution)

2. It generated interest by giving a product benefit (promise of heaven, resolution of difficulties etc.)

3. It evoked desire by making example of people who did not join and suffered.

4. It generated action by making it easier to join. It had an amazing distribution network reaching grassroots villages, with service outlets manned by well trained staff.

Saturday, 9 November 2013

Feature centric Vs Benefit centric



Features are something external, characteristic of product and services, appearance, its components and its capabilities. Benefits are value which you are offering along with your product and services.
Features are descriptive but Benefits are emotional. Many business owners talk about their work in the term of features it offers, but it`s much more power to talk about the benefits customers receive. Feature is tangible but Benefit is intangible in nature. Benefits add values to your product. What is Value, exactly? Here’s the basic definition.

val-ue: something desirable and of worth, created through exchange or effort. Value means helping people.

A feature satisfies the need of customers, but Benefits goes satisfies the hidden need. For example: You go to for horse riding to one of the ranch outside city which offer riding, lodging, food and thousand acres of riding facility, but these are things which they are offering, yes they are satisfying you needs but what benefits are you getting is Freedom to escape and be someone else. After hectic weekdays in office now you want to enjoy fullest it is not food and lodging which are satisfying you its benefit which gives customer a Freedom kind of sense which something beyond the basic needs. 
One day you daughter went to shopping and bought one wedding dress along with others accessories but not this feature attracts your daughter instead a emotional benefits that gives sense of special feeling on wearing dress. 
May be your product is full of features that you thinks is innovative and extra to what your competitors are offering but what is they are not give any benefits to your customers, What is they not feeing emotionally satisfied.
What about the new recipe book you have bought from the market, which has lots of simple recipes to make at home and those are easy too but exactly benefits you are getting from this book is that you are able to spend quality time with your family.