Professor from IIM Bangalore and political aspirant Rajeev Gowda gives tips on learning from failure. The article also conveys the difficulties in doing business in India. Does India provide a level playing field for new entrepreneurs ?
Keen on investing in India, Murdoch arrived in Delhi and met key officials manning the licence-permit raj. He then met Dhirubhai and told him he was satisfied and ready to get started, now that he had met all the right people. “Aha!” Dhirubhai replied, “to succeed in India, you must meet all the wrong people!”. One can elaborate meet to other actions while conducting business.
Indian rarely conduct postmortem of failed companies. He recommends investigating the 5Ps, people, product, pricing, place or promoter. >>>