Band Baaja Baraat
February 5, 2011 2 Comments
It was one of the most refreshing films of 2010 from bollywood and embedded in it were enormous management lessons. It looked like a perfect management case study.
Lesson 1 : Importance of partnership
The heroine has a brilliant business idea. She is working with existing wedding planners to learn the trade. Unfortunately she alone is able to start the company.There are too many things to handle for her alone. Then comes the hero who helps her get an internship with the best incumbent in the town. Thus she was able to focus on her core competencies.
Lesson 2 : Bet on hungry people
The one on shaking boat can trust the other the other shaking boat. The other one will fight for his survival and that help you stay afloat.
Heroine’s company “Shaadi Mubarak” or SM was new in business and it was them to engage existing suppliers. This was because SM had very low margins and to wean away suppliers of your competitors is not an easy task. They took a chance by engaging first time suppliers for food and other services. There was a dialog there from one of the supplier to hero the part owner of SM when he was apprehensive about trusting anew supplier.
” Tumhara bhi to first time hai ” [ It is you first time also]
An entrepreneur and leader needs to take calculated risks.They need to bet on people who they feel will fight because of their hunger to succeed. It it this hunger which can make a team into a WINNING COMBINATION.