Saturday, July 6, 2013
Monday, November 28, 2011
Friday, November 18, 2011
Wednesday, October 19, 2011
Monday, July 11, 2011
Friday, May 27, 2011
Stephanie Tilenius, vice president of commerce at Google, announced at the launch “We are about to embark on a new era of commerce. We believe that 2011 will be the year of mobile local commerce. Just TAP, PAY and SAVE”. She said “The world of commerce is ripe for a new wave, we are on the verge of major shift in payments and therefore commerce. Google is uniquely positioned to bring about this shift and accelerate.”
Study the Google Model carefully, and you will understand the cleverly crafted master-strategy.You will see how the various blocs (refer image) are falling in place in a manner, mutually reinforcing. The Offer and Wallet models allows Google to get extremely valuable customer information, correlated directly to sales in the physical world, and allows to place relevant offers and serendipitous advertisement, when shoppers are in stores, ready to spend money and even more receptive to coupons and other discount offers.
Currently Google is not taking any 'cut' from the payments revenue; However Google would make money by selling coupons and advertising that come along with the experience. This isn't Google's first attempt at electronic payments. Google "Checkout”, online payment service launched in 2006, met with limited success.
Evolution of Payments:
|Click to enlarge|
Over time, consumers will be able to save each of these offers directly to their Google Wallet. That means consumers will get the benefit of carrying their offers with them at all times.
However, even with strong tailwinds to support the adoption, there are some challenges to be overcome:
- What about Non-Android phones? If Google Wallet is really an open platform, it needs to be cross-platform. How does Google plan to integrate in the larger ecosystem?
- Dependency on Mastercard PayPass terminals: Google Wallet only connects to MasterCard PayPass terminals. There are more than 135,000 of those in U.S. stores and restaurants, but that's only a small fraction of the total number.
- What about Mobile Carriers other than SPRINT? ; especially when other carriers are planning their own Mobile Wallet. AT&T, Verizon Wireless and T-Mobile USA have formed their own consortium to create a wallet- ISIS, that will compete with Google's.
- Competition from other Payments and Card Companies: Visa has also launched a similar initiative, read the blog announcement . It plans to launch a digital wallet product in the U.S. and Canada later this year and already offers a mobile payment program at retailers around the world. Visa has agreements in place with Bank of America, Chase, U.S. Bank and Wells Fargo for mobile payments.
The integration of offers into Google Wallet will enable merchants to close the loop by directly connecting their online and mobile advertising with offline purchases. In addition, Google Wallet provides merchants with targeted foot traffic and a way to engage with customer’s in-store; thus enhancing the customer experience. Their sentiment is captured in this video:
Also there are two other stories worth following:
Why Paypal is suing Google Executives? and Who will win at Mobile Payments Google or Square?
Please do leave your comments and share your views. I look forward to reading them.
Thursday, May 26, 2011
Thursday, May 19, 2011
Sunday, May 15, 2011
Wednesday, April 20, 2011
Wednesday, April 13, 2011
- EBay generated $2billion in global mobile sales in 2010 across 190 countries.
- PayPal’s worldwide mobile transactions have skyrocketed from $25million in 2008 to $500 million in 2010.
- Smartphone sales grew 72% in 2010; 300 million smart phones sold in 2010 globally.
- There are over 3 billion mobile phones worldwide. Over 40% of the world’s population carries a mobile phone, far more than use a computer or have access to internet.
- Mobile Phone is fast emerging as a ‘preferred’ transaction medium.
- Online Commerce is gaining share vs. Offline Commerce as consumers change their behavior and expectations with rapid development in technology.
Wednesday, April 6, 2011
Wednesday, March 16, 2011
But now, Facebook is extending this to include offers from local businesses. Soon Local businesses will be able to sign up to use this feature, and people will be able to find Deals.
Saturday, March 5, 2011
Wednesday, March 2, 2011
Wednesday, February 23, 2011
Tuesday, January 18, 2011
Tuesday, November 30, 2010
Tuesday, November 23, 2010
Monday, October 4, 2010
Wednesday, September 15, 2010
- "The things we fear most in organizations - fluctuations, disturbances, imbalances - are the primary sources of creativity." - Alfred North Whitehead
- "The chief enemy of creativity is 'good" sense.'" - Pablo Picasso
- "As competition intensifies, the need for creative thinking increases. It is no longer enough to do the same thing better, no longer enough to be efficient and solve problems." - Edward de Bono
- "Creativity is thinking up new things. Innovation is doing new things." - Theodore Levitt
Saturday, August 28, 2010
Friday, July 30, 2010
While most of the news stories and public discussions over last two years have focussed on the 'greed of banking community', his observations on how the hidden fractures still threaten the world economy were quite insightful. He also shares these insights in his latest book 'Fault Lines' .
Friday, May 14, 2010
Friday, March 5, 2010
Thursday, September 10, 2009
Not every management innovation creates a competitive advantage. Some are incremental. Some are wrongheaded. And many never pay off. But’s that no excuse not to innovate.
Let’s take an example here of Open & Collaborative Innovation.
Who can forget the Ford Model-T? - large assembly lines , massive production units in Detroit, you could have any car as long as the color was black ( assumption here was that the end consumer is an undifferentiated lot).
Tuesday, June 16, 2009
Saturday, April 11, 2009
Sir Ken Robinson, a world renowned educationist and creative thinker, outlines the same in his excellent book: The Element: How Finding your Passion Changes Everything.
Here in this video-talk, Sir Ken, in his trademark humor, talks about the book and the need to find one's passion.
Don’t miss it.
Monday, April 6, 2009
I have friends who work across various industries-FMCG, Retail, Telecom, Technology, Financial Services etc. We meet-up quite regularly and I often end up asking them a naive' question: So how is the company doing?
And invariably their answer is: "Great! we have the largest market share in this product category";" My territory market share has gone up by x% "; " Oh! We are feeling some pressure, our market share is falling".
Does this sounds familiar? , almost everyone seems to be talking about 'Market-Share', but very few talk about 'profitability'. So let me share my perspective on the same…
Friday, March 20, 2009
"One day, 30% of all retail transactions in the US will be online. People will buy from the company with the best service and the best selection. Zappos will be that company" Important point to note..'they call themselves 'service company' not 'shoe or clothing company'.Most important - their product is 'happiness'
Friday, March 13, 2009
First a small exercise, if you are a senior manager in your company, go out and meet few frontline employees, and ask them this simple question: What is our company’s Vision?
A vision is like ‘soul’ of the company; its aspirations, and like north-star, guides it into the future. A vision can only be effective if it is espoused by each and every member of the organization.
Wednesday, March 11, 2009
-How important do people in your organization see innovation to be in their day-to-day jobs?
-How well is your organization recognizing and exploiting the diversity of its people's talent?
-To what degree does senior management encourage innovation by demonstrating that-'it is okay to fail'?
We literally see organizations struggling to create a sustainable culture of innovation. We know that mistakes and failures are critical part of the innovation process, but what is really required is an attitude towards acceptance of failure.
Friday, February 20, 2009
- Reality check: What is the current state of the industry, what are the challenges to expect and where are the opportunities for growth? Defining the strategy for profitability, surviving and thriving in the midst of market volatility and slowing global economy. How the industry will shape up in the future?
Thursday, February 19, 2009
Wednesday, February 4, 2009
Monday, February 2, 2009
Monday, January 26, 2009
Sunday, December 14, 2008
Wednesday, November 26, 2008
Guy Kawasaki wrote an excellent piece recently on American express Open forums : The Art of Bootstrapping. Have a look...
Sunday, October 26, 2008
- A good and unique logo is the first step to achieve brand recognition;
- It shows what the company is about and it attracts people and is a good marketing tool to market the product;
- A companies advertising and promotional efforts should be centered around brand image. A logo represents that image without saying anything. Its an extension of the brand and should merit its qualities; etc
Well I don't' disagree with the marketing and traditional views, but was wondering :-" Do we place too much importance on a Logo?". Google is a company that changes its logo almost everyday, and still is one of the most popular brands.
My quest led me to an interesting old post by Doug Edwards -director of consumer marketing and brand management for Google 1999-2005.
I will be happy to hear from readers what they think about this.....
Monday, October 20, 2008
Friday, October 17, 2008
"Throughout the world, companies and organizations are trying to compete in a world of economic and technological change that is moving faster than ever. They urgently need people who are creative, innovative and flexible. Too often they can't find them. Why not, and what should be done about it? Why is it essential to promote creativity? Organizations everywhere are concerned as never before with promoting creativity and innovation. Why is this so important? What's the problem? Why do so many adults think they're not very creative (and not very intelligent)? How do we lose the confidence to be creative? What should be done? Is everyone creative or just a select few? Can creativity be developed? If so, how? "
Tuesday, October 7, 2008
He writes about the importance of 'chemistry' in successful teams.
So what is Team Chemistry?
Team chemistry or team cohesion, can be defined as a group dynamic that occurs when members of the team work together and make a united effort to accomplish the goals and objectives of the collective whole.
But the vital question is - Is chemistry a result (by product) of success or the cause of it ?
Still a good read....
Sunday, September 28, 2008
Monday, September 22, 2008
Saturday, September 20, 2008
Monday, September 15, 2008
"As our business grows, it becomes increasingly necessary to delegate responsibility and to encourage men and women to exercise their initiative. This requires considerable tolerance. Those men and women, to whom we delegate authority and responsibility, if they are good people, are going to want to do their jobs in their own way."Mistakes will be made.
Wednesday, September 10, 2008
Tuesday, August 26, 2008
Friday, August 8, 2008
Sunday, July 27, 2008
Just watched an inspiring talk by Jonathan Harriss at TED.com (Artist and computer scientist Jonathan Harris makes online art that captures the world’s expression — and gives us a glimpse of the soul of the Internet).
This guy sure knows how to tell stories.....'the baloon project is captivating
Thursday, July 24, 2008
In today’s world, the old ways of doing business no longer produce the results nor provide the value they once did. Organisations are constantly faced with having to find new and better ways of operating. Consequently, one of the top challenges that leaders face is that of enhancing creativity within themselves and within others.
In taking on this challenge we must first comprehend the intimacy of the relationship between creativity and thinking. Our ability to be creative depends upon our capacity to think, which in turn depends upon our ability to question not only our practices, but also our beliefs and assumptions. We must learn to question the limits of our thinking. It is through this manner of questioning that we are able to rethink our thinking. Thus, the quality of our questions determines the quality of our creativity.
Tuesday, July 22, 2008
We are witnessing the evolution of corporate blogs in transforming organisations culture.
Corporate blogs enable the humanisation of entire value system . This collaborative culture encourages the exchange of ideas and information in a boundryless environment.
Sunday, July 20, 2008
- Light bulbs weren't invented by exploring candles.
- Iron ships weren't made by exploring wood boats.
- Skyscrapers weren't designed by exploring bungalows.
- Cell Phones weren't conceived by exploring landlines.
To get past what's stifling you, Move beyond what's staring you in the face.
Friday, June 27, 2008
Thursday, June 26, 2008
Wednesday, June 25, 2008
So what went wrong? Research suggests that cognitive inertia is one powerful explanation as to why established firms are not as innovative as young, less established firms. Gladwell throws in a very interesting perspective to this.
Friday, June 20, 2008
Second, ants think winter all summer. That's an important perspective. You can't be so naive as to think summer will last forever. So ants are gathering in their winter food in the middle of summer.
An ancient story says, "Don't build your house on the sand in the summer." Why do we need that advice? Because it is important to think ahead. In the summer, you've got to think storm. You've got to think rocks as you enjoy the sand and sun.