Steve Jobs, Reed Hastings, Jack Welch, Ratan Tata, Kishore Biyani, V G Siddhartha<\/p>\n\n\n\n
Each of these visionaries was not perfect. They made missteps. Some got lucky, some were not.<\/p>\n\n\n\n
Hastings (Netflix) proposed to raise prices by 60% without an explanation to consumers. The result – A huge consumer backlash & a huge loss of subscriptions. <\/p>\n\n\n\n
Steve Jobs was fired from Apple for several dud projects & poor sales of Mac. However, he came back with a bang with iPhone, iPad etc.<\/p>\n\n\n\n
Jack Welch stretched GE Capital which was dependent on short-term financing. In the 2008 recession, it dried up. GE nearly got wiped out. Welch\u2019s successors had to face the music.<\/p>\n\n\n\n
Ratan Tata\u2019s Nano was a great product but somehow did not resonate with the Indian consumer. They got the positioning wrong and ever since that, the car sales went downhill.<\/p>\n\n\n\n
Both Kishore Biyani & V G Siddhartha changed the landscape of the businesses there were in. KB in retail & VGS in coffee. They took risks in business that did not pan out.<\/p>\n\n\n\n
In both cases, they stretched themselves with a mountain of debt that haemorrhaged cash flows & profitability.<\/p>\n\n\n\n
Let\u2019s give credit where it is due. These visionaries have changed the business landscape. And their contribution can never be underplayed<\/p>\n","protected":false},"excerpt":{"rendered":"
Visionaries were not perfect. They took some strategic steps. Some got lucky, some were not. <\/p>\n","protected":false},"author":1,"featured_media":1487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[260,259],"class_list":["post-1486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-mistakes","tag-visionaries"],"yoast_head":"\n