An interview with Sandeep Bhushan, Chief Operating Officer, Mint – HT Media, Delhi
Tell us about your roles and responsibilities in the organization.
I work for a business paper called Mint, which is a publication from the HT Media group. Mint launched 2 years ago in partnership with the Wall Street Journal. It’s very early days for us. We are a 15% share player in the business newspaper category, by revenue. (more…)
Source: Green Thoughts
A few months ago in Mumbai we attended a CII (Confederation of Indian Industry) conference on “Managing Growth in a Downturn”. The managing director of McKinsey & Company – India, Adil Zainulbhai, gave some general advice on how to reduce costs: “Cut fat, but not muscle. And definitely not bone!”
One approach to this can be to cut overhead costs that do not directly affect the customer. Some of these costs might be judged “employee comforts” that the company can no longer afford. Cutting some “comforts”, however, can be short-sighted. Not even considering the impact on employee morale, some cutbacks may actually cause the company to lose money—the opposite of the intended effect.
Consider the following true story. (more…)
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