Archive for the ‘Entrepreneurship’ Category.
July 19, 2008, 1:07 pm
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I recently came across this report titled “The Mobile Development Report“, published by CKS on a research commissioned by Nokia for developmental use of mobile networks in emerging economies.
The report focuses on social transformations around a new technology and its adoption. The report beautifully documents lives and ways Indians in tier 2 cities and towns use mobile phones. One of the best reports, a few highlights for me are
- The East-West Divide: If we draw a line connecting Delhi and Chennai, the western India has seen most of the developmental efforts. East of this line still exist opportunities and possibilities. And this has largely been ignored by most of us (entrepreneurs, students, professionals, academicians etc.)
- Understanding of India as a country. The report gives a very deep understanding of Indians and their communication behavior. What makes this one different and special is that CKS talks about the entire India - not just metros or towns or villages.
- Classification of towns and villages. CKS has done a very good job in classifying towns and villages according the now famous pyramid by CK Prahalad. The report further classifies these rural citizens in terms of their purchasing power. Probably first such effort in India?
- Opportunities in Rural AND Urban India. Everyone is ga-ga about opportunities in rural India and largely . While reading this report, it dawned on me that even the urban and semi-urban population is more than 500 mn. This number is more than the population of US and UK combined and there is a strong case of a business flourishing here also. Agreed that urban markets are difficult to crack considering they have plethora of options and they are picky. But is too large a segment to be ignored and is waiting to be tapped.
- Insights from research: CKS has gone beyond regular data collection and have come up with insights such as elevation in social stature, increased credibility, ease of use of mobile phones as communication device compared to an Internet-connected PC, personal and societal welfare etc. And how does an access to a mobile communication tool helps people make their lives better.
- Possible Applications: in micro-commerce, making travel easier, access to information, education (one of the examples look uncannily similar to latest Idea Cellular advertisement) etc. This can be coupled with findings from Jan Chipchase (more on him later) to identify new and possibly revolutionary businesses. Simple example could be use of airtime as currency and if someone can regulate this, its a huge huge market waiting to be tapped.
- Case Studies: The way they have chosen their subjects, the methodology to conduct an interview, the detail in which they have gone while researching, they have captured the entire life of the subjects. With the kind of detail available, you can easily create character maps of these subjects and derive the way they live their lives and how they interact with brands.
- Photographs: Awesome collection of photographs that the team has taken during their study.
The report also mentions at one point Jan Chipchase, a Nokia employee whose job is to travel the world and observe and document novel ways in which people use and interact with mobile phones. This is his wonderful talk on TED on how we use our mobile phones.
Coming back to CKS report, one might argue that they covered only three districts and have extrapolated the data to come up with findings and recommendations. And that report was released in early 2007. But regardless of these reservations, this still remains one of the best research reports I have read in a long time.
Apart from the focus on mobile phones, the report is that detailed that you actually get tons of ideas (another post on this later) while reading it. Congratulations to CKS team for this awesome effort.
P.S.: The font size is way too small and there are 226 pages of information, worth its weight in gold.
P.S..: If anyone else is keen on serving the information and entertainment needs of a community and can foresee (or already has) a business in this domain, please contact me. You never know what might come out of a discussion.
Image Credits: manoogupta via Flickr
June 27, 2008, 7:18 am
In this post I shall talk about brands as I understand them and as they are applicable to digital brands. Please note that this list is still in beta and will evolve with time. Your feedback would be really appreciated.
This is required because we need to stop looking at startups as just startups but serious businesses where branding plays a vital role. Often, the way you look at the business makes a lot of difference to way you work.
Coming to the point, I think there are three principles. Utility, Emotional Connect and Relationship that goes beyond just one product.
A: Utility
- Customers never talk about a brand they are going to use. They talk about the action they will perform. What problem does the brand solves?
- I need to book and air ticket. I will use Cleartrip.
- I need to upload slides and show them to friends. Let me use Slideshare.
- The brands that can make themselves synonymous to utility invariable become the leaders.
- Can you Google the data on number of Internet users in India?
- Can you Slideshare your presentation please?
- The utility could be functional, mechanical, emotional, psychological or any of those –al things.
- Using Twitter helps me stay in touch with friends on the go.
- I use FB because the elite Internet users in India are on FB.
B: Emotional Connect
- A customer will use a brand that he can associate himself with.
- I like Apple products because they stand for innovation, user interface and simplicity.
- Google stands for open culture. I am an open source evangelist and hence I will use and promote Google initiatives.
- If possible, the association with the brand should elevate the status of the user.
- Google could have invited everyone when they launched Gmail. Limited invite was a way to get traction. All limited launches are like that.
- Alltop gave away batches like “featured on alltop”. People displayed these batches because it was a way to show off that you belonged to the best of the category (as rated by alltop).
C: Relationship extending beyond single product
- The relationship should start with one product and when the company launches more products, I should be aspiring to buy them too. This is very important for creating sustainable businesses that go beyond one time relationship.
- My relationship with Apple started with an Ipod. I have already bought a MacBook and have pre-ordered the iPhone.
- I started using Google as a search engine. Then I started using groups. Then it was Gmail. And then calendar. The list continues.
Which one of the three things are valid about your brand? If it does only one, how can it do other things?
Please give your feedback to me at saurabh.garg+digitalbrands@gmail.com
June 24, 2008, 10:35 am
Vivek posted a very interesting post on Venturewoods and here is my comment on the same.
Hi,
This post could be true for me I could change the location to Mumbai.
Comments by other people have been really interesting and here are my 2 cents on the same.
1. How do you balance the pay packet for a potential employee? Please give two scenarios - (a) You are self funded. (b) You are financially backed by an angel or a VC.
A: If I was self funded I would not have a lot of money to give away. I would be forced to look at things like equity or just share in profits. If it was a VC funded, I would have made adjustments for employee costs in my business plan and hence I would have money. Also my understanding tells me that most VC funded startups HAVE a lot of money.
2. Would you consider the prior experience of a candidate from a different domain, or would you simply consider him/her to be a fresher from your company’s perspective?
A: Tough one. I think depends on what person brings to the table. He could bring his experience, his learnings, his background, his perspective, his contacts, even things as intangible as his enthusiasm. If he brings something that I desire, I will make sure I will recruit him.
Talking about fresher or experienced, in a startup personally I dont think I need to have that kind of categorization for people. I want people for skills, not for showing off. Moment I start talking like that I become a lazy, slow moving company.
3. What kind of commitment would you expect from the new hire? What kind of notice periods/bonds would you look at?
A: No notice period. No bonds. Commitment - believe in the idea and evangelize that.
4. What are the legal aspects which you would look into before hiring someone? Would you do extensive background check on the candidate or rely on references or just hire him/her for what value they can bring in?
A: I would want to hire without checks. For me checks waste a lot of time and for a startup, time to market is really crucial. Once we start working, we can always figure out in due course if the person was appropriate or not. And if at a later stage, he is found inappropriate, we can easily part ways.
5. Would you have an age criteria to hire? In other words would you believe that a 21 year old could be as valuable as a 40 year old?
A: No age criteria. Yes a 21 year old can be very valuable. How? You just asked 5 questions that a 40 year old would have never asked. And when you are 21, you are not scared to ask those questions. And thats a huge things to have. There are more areas like understanding of the market from a teenager’s perspective, contacts with more fresh minds and top of everything else enthusiasm and confidence that young people have.