Tag Archives: entrepreneurship

“Deewar: A Cinematic Masterpiece Reflecting Values, Entrepreneurship, and Love”

“Deewar” is a classic Bollywood film released in 1975, directed by Yash Chopra and written by the renowned screenwriting duo Salim-Javed. The movie revolves around the story of two brothers, Vijay (played by Amitabh Bachchan) and Ravi (played by Shashi Kapoor), who find themselves on opposite sides of the law, with their mother (played by Nirupa Roy) in between.

One of the notable aspects of “Deewar” is the powerful portrayal of the angry young man persona projected by Salim-Javed and Amitabh Bachchan. Amitabh Bachchan’s performance as Vijay is captivating and intense, showcasing his ability to bring out the complex emotions and conflicts of the character. The film explores the turbulent milieu of the time it was made, capturing the societal issues and conflicts prevalent in Indian society.

The film’s narrative is driven by the terrific blending of love for one’s mother sentiment, which serves as a strong emotional anchor throughout the story. This sentiment is highlighted through the character of Vijay, who has a deep affection and respect for his mother. The dialogues in “Deewar” are iconic and have become part of Indian cinematic folklore, with lines such as “Mere paas maa hai” (I have my mother) becoming highly memorable.

From a management perspective, the character of Vijay offers several interesting pointers to entrepreneurism and leadership. In the iconic scenes where a younger Vijay refuses to take money thrown at him and demands control over planning and execution in his first assignment, the film portrays a sense of assertiveness and self-confidence that are often important traits in entrepreneurship. Vijay’s character represents the determination and drive of an entrepreneur who aims for success on his own terms.

However, the film also presents a cautionary tale for entrepreneurs who grow too fast and lose sight of their moral compass. Vijay is forced to reassess his progress and methods, and it is his mother’s values that guide him in his decision-making. This emphasizes the importance of core values in guiding entrepreneurs and their businesses when faced with difficult choices or crossroads. While in the case of Vijay, the outcome is fatal due to the nature of his criminal activities, in real life, entrepreneurs can use their core values as a compass to navigate challenging situations and make ethically sound decisions.

“Deewar” is a masterpiece of Indian cinema, combining powerful performances, a compelling narrative, and memorable dialogues. It successfully explores themes of family, love, and morality while also offering valuable insights into entrepreneurship and leadership.

McDonald’s Behind the Arches

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I read this book sometime back before I sampled McDonald’s in India. Just finished reading it again and found it to be delicious as ever. A terrific book by John F.Love about the growth of the company and the journey of a multibillion-dollar global corporation. The book ends in the year 1994 and things might have changed for the company since then.  But it is still a great read for anyone who is interested in fast-food industry and generally the growth of any business around a new concept. Though setting up fast food chains wasn’t new at the time when Ray Kroc took over, it still had to be done in a very different manner as the book reveals. John F.Love does a very good job of capturing both the entrepreneurial spririt and the operational excellence of the key people behind the corporation like Ray Kroc, Fred Turner, Harry Sonneborn etc.

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The book has 17 chapters+Prologue (The Unknown McDonald’s) and Epilogue.

  1. Prologue (The Unknown McDonald’s) : “…it is the story of the company that changed the eating habit of Americans, that revolutionized the food service and processing industries of United State, and that legitimized the now widespread practice of franchising. It is the story of the unknown McDonald’s, America’s first modern entrepreneurial success–a system that bridges the gap between entrepreneurs and corporations” Unquote
  2. Yes, There is a McDonald:  This chapter is about the real McDonald brothers who opened and ran the first McDonald’s stores and how they dabbled with the concept of franchising before Ray Kroc said hello with his (milkshake) multimixers
  3. The Salesman: “This was now 1954, and at age fifty-two Ray Kroc was still looking for the magic–something that would allow him to capitalize on his three decades of sales opportunity he had trained for. He also knew it was the type of opportunity that would never come his way again”
  4. The Franchising Derby:  An interesting chapter on the current players back then in the franchising world and how the franchisers treated franchises as a way of making quick money just by lending their name or providing supplies. And how Ray Kroc desperately wanted it to be different in his system, through the success of franchises and creating a better environment through purchasing power. His straightforward sales approach with prospective franchisees and no-nonsense attitude towards suppliers.
  5. The Owner/Operator: Kroc’s franchising plan–selling low-cost franchises for one store at a time–and how it was suited for hands-on operators cum owners. He would give them the freedom to crate and contribute ideas that he believed benefited the system, but he would not tolerate deviation from the norm when he thought it hurt the system.
  6. Melting Pot: A nice chapter on the various managers who joined the firm from diverse backgrounds and how it all added the corporate dynamics. “Kroc had mastered the art of managing creative individuals by maintaining the delicate balance between their need for freedom and their need for guidance.”  “He brought out the very best in people,” Turner says” He was the  best boss you could ever have”
  7. Making Hamburgers:  All about the process, across various products of McDonald’s…and treating making burgers as important as rocket science. Ex.Ralph Weimer French fry scoop “The real secret to McDonald’s successful operating system is not found its regimen but in the way it enforces uniform procedures without stifling the entrepreneurship of franchisees. As such, McDonald’s is something of an American response to Japan’s management by consensus. Without the freedom of franchisees to and suppliers to exercise their entrepreneurial insticts, to test their own ideas on new products and procedures, and even to challenge the corporation head-on, McDonald’s might still have attained its celebrated uniformity, but a terrible price.”
  8. Making Money:  Real estate angle by Harry Sonneborn, new field team, aggressive sales tactics, flying in a corporate plane, new accounting principles, getting institutional loans etc.
  9. The Buyout: Ray Kroc’s big gamble in the buyout of McDonald brothers stake.
  10. Partners: PR, Advertising, and New product-Fish Sandwich.”…as his chain began expanding its horizons with new products and promotions, he (Kroc) was discovering the creativity of  his company’s independent franchisees and suppliers. They were bcoming full fledged partners in the business.”
  11. Going Public: “In 1985, McDonald’s would achieve the ultimate respectability by becoming the first service company to be added to the prestigious list of the Dow Jones 30 Industrials, but the the process of getting to that pinnacle began on the day the company was listed on the NYSE.” Super bowl success, Cooperative advertising (OPNAD) and the rise of Harry Sonneborn.
  12. McDonald’s East and McDonald’s West: Culture change in the east and west, the conflict between Krock and Sonneborn, and Fred Turner becomes the CEO.
  13. High Gear: Breakneck pace of expansion
  14. Media Magic: Becoming a top advertiser
  15. ‘McDonaldizing’ the Suppliers: From paper cups to french fries to distribution and inventory.
  16. The Public Challenge: Worm factor, minority protests, Manhattan mystery and how the company built a proper structure to protect from being an easy target owing to its size and visibilty
  17. Checks and Balances: Franchisee revolt that led to soul searching and better practices.
  18. Exporting America: International operations and lessons learnt. Weathering out the storm and committing for longhaul.
  19. Epilogue: Looking beyond 1994.

Here’s a great paragraph that sums up any customer centric company.

mcdonalds customer service