Learning from unorganized sector..!!

I am not a great fan of Whatsapp forwards, but something was shared today by my father and I was glued to it instantly. Very meaningful pointers explained in a very simplistic way. Penning down a few below:

1. The way demand is managed by the street hawkers. They never run out of their stuff in their day to day transactions.
2. The way entrepreneurship is done by the small scale vendors. Same vendor selling stuff for Holi, then for Diwali, then Ganpati and again for Christmas. What a balance of market segmentation.
3. The way a traffic light book hawker decided which one of the book is the best seller, since he has to carry the best ones in his hands to sell
4. The way the product line is decided and managed for the sellers at traffic signal. Santa caps on Christmas, Flags on Independence day and Republic day. Every time, year on year without fail. There is never a shortage in terms of demand and supply, and they never are delayed in terms of product launch. The unsold stock is taken back smoothly and new product is pushed back to the market. and all this without a MS project, or Continuous replenishment system or even an ERP.
5. How does someone who was serving tea, had a cup of tea with someone like Mr. Anand Mahindra.
6. How someone taught the speaker in this video value of perishable items, how to create space when it says houseful, how to steal funding when there is no budget and so on.
7. Relationships always matter, in personal as well as professional life.
8. How can kids be taught big lessons like loosing gracefully, not getting disheartened by a failure and teamwork in simple day to day life.
9. Why can't we promote our neighborhood snacks shop owner to build and deliver better than multi store food chain outlet.
10. And finally, why can't we build and create a ecosystem wherein everyone is able to thrive instead of stealing everyone's share.

Pretty simple things carrying a lesson and learning within.

Not every forward is waste of your time indeed..!!

Here is the source India unInc: Management lessons from streets of India