i think it better to go for diversification rather than focusing on one segment...being biggest business house of the country reliance is on right path by adding products and services in to its basket......some people are of view that company is facing losses..it may be right but for long term prospective these businesses can turn into cash rich row as today they are question mark.....and being an indian we shold support an indian company......rather allowing foriegn players to enter and capture our market.....
By
AVNISH PANWAR, Sales Executive/Officer, M.R.F.
| 02 08 2011 17:06:19 +0000
looking the market view we should produce that thing which give a proper satisfaction to the consumer,whether its cloths or something else....but in case of people's perception they want something that they suit good or look different for that they can pay as much as they can, even in bulk amount.my point of view that its good that rim should also take step in fashion wear.todays era every individual wants to have outstanding look so that he could maintain image in the society and its fact that fashion never ends and it gives long profit for years to years........
By
loveleet sharma, B.B.A student, shri ram instiute of management an technology
| 01 27 2011 10:08:46 +0000
I think its not wrong to be in any industry, there are a lot of companies which sells several products of different companies. Retail industry is making the things in one pot. Retaileres are doing merchandising of the product. Pentaloons and Wallmart like companies are selling every thing into the market and they are successful in there stage. If Reliance entering into fashio wear, it will make the market more competitive. As per the history of reliance it was stared with fabrics. The only thing is that the two Ambanis have changed the methodology of business.
By
Amit Kumar Jha, Sr. Executive, Info Edge (India)
| 01 27 2011 07:15:44 +0000
purvi, i think you are not viewing it from broader perspective ,its true that people hate which is monotonous but reliance can make differentiation among their branches ... don't forget TATA's they are in all field's from salt ,steel to cloths and retail.
By
prasad , MBA/PGDM student, vesimsr
| 01 27 2011 06:40:43 +0000
As per my concern its not a big deal. i am not against any expansion but at the same company should focus on consumer's perception about the company. expansion and increasing the parameters of the company is always welcome but at the same time consumer acceptability is also a big question mark. I will support the statement of Purvi Ghosh as customer hates to be surrounded by the same brand all the time. Sometimes diversity may cause damages to your plan.
By
Pranjal Ghosh, Relationship Executive, Outlook Group
| 01 26 2011 15:53:54 +0000
hi, i would say, its good tht reliance in venturing in all kinds of business, specially "FASHION".... business is business no matter what product you sell or make,and the big your offering to customers buying basket the Big is your share in the customers wallet. Coming to reliance making losses by entering into different every format, as a business perspective it is wrong, but nobody smells success instantly, and the BIGGEST challenge here for reliance is that, how fast they learn from markert/own mistakes/customers insights/ and act upon at a very speedy pace.... Venkat Dy.Manager Ops - Retail
By
venkat raman, Retail operations manager, pantaloon retail India Limited
| 01 25 2011 08:30:04 +0000
every one is talking about currption i am happy for that,but no one is finding the solution! but i can say one thing that it is a kind of air every one is having! Ex: bmtc conductors in bangalore,they never give ticket to the passangers for the immediate stops,they are stealing Rs1000 everyday,no checking officers,is this not acurroption?
By
venkatadhri reddy, Money Markets Dealer, India Infoline
| 01 24 2011 12:27:11 +0000
Yes i appreciate what reliance are doing because they are having enough wealth to try out in different industry. If this business is going to be loss also they dont bother and again they will try out another new thing.
By
Sridevi Ranganaathan, Assistant Professor at Madras University
| 01 24 2011 00:38:04 +0000
MONEY begets Money! The most scarce resource (money) is available with them - therefore, they will foray into any segment as they want! We have long forgotten MONOPOLIES RESTRICTIVE TRADE PRACTICES; CONCENTRATION OF MONEY WITH CERTAIN CLASSES, INDIVIDUALS, etc. Globalisation and Liberalisation opened up everything!
By
S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner
| 01 23 2011 16:06:14 +0000
At a first glance it is easy to say no given their track record so far. But when you go deeper you realise that finally they must be getting their act together. As long as they do not dilute the fashion business and make it cheap, they will survive. Investing in high street fashion brands are indeed and excellent move given the ever increasing noveau rich crowd in india. But they have to get their act right from the beginning and hand over reins to professionals and not fellow family members or old hands in the reliance system.
By
Jaygopal Raghavan, Marketing Manager, Landmark Group
| 01 23 2011 15:43:29 +0000
diversification of a business is very important for survival in long term .from business point of view reliance has taken a wise step.but mojor challange before reliance is to compete with top brands on latest fashion and to come out from the traditional image of brand name RELIANCE.so lets see the show.interestingly, what will be the fate of intermediaries,its uncertain.
By
Gagan sharma, marketing executive, konica minolta
| 01 22 2011 17:43:22 +0000
To start off, I would like to say that by planning to diversify it's business to fashion garmenting segment Reliance is doing exactly the right thing. No business can grow without diversifying itself. In addition it's more useful to 'building the brands' too. As far as profitability is concerned noone can predict the future, the more risk the business invloves the more profits it may get. However, it's true that failure of company in this segment will adversely affect the 'brand value' of company but still I think that it's a good move to start with.Â
By
shailesh , B.B.A student, kumaun university, ssj campus almora
| 01 22 2011 10:58:24 +0000
Let us welcome anybody,anything as long as it is useful and beneficial to us.there is no need to have a biased mind.
By
s.baalu , Consultant, XYZ LTD
| 01 21 2011 12:00:26 +0000
Let us welcome anybody,anything as long as it is useful and beneficial to us.there is no need to have a biased mind.
By
s.baalu , Consultant, XYZ LTD
| 01 21 2011 12:00:10 +0000
it is good to hear that reliance has entered into fashion wear... i wish them all the best for their future plans and endaevours...let them play their role in garments also.. this increases job oppurtunities, work efficiency, service to economy or society.....
By
PREMRAJ , Freelancer, Event Management
| 01 20 2011 16:28:43 +0000
I think every business needs to be diversified after a point of time.Reliance has grown big enough to do that.If they have the right strategy and expertise they should explore other business opportunities.
By
Saurabh , Financial Analyst, Canara Bank
| 01 19 2011 18:56:12 +0000
Mr. Srinivas, It all depends upon the wishes of the shareholders of the company. If the shareholders decide the company to do a business, it becomes he combined will of a lawfully formed a body/person (company). Company is treated as legal body. Legally and constitutionally, nobody can ban a person from doing any business or profession unless it is against the interests and security of the country. So, MRTP can't go against the constitutional provisions of right to profession of any such body. Let the shareholder also enjoy sharing of a bit of loot along with the major chunk of the company directors, as the company had always been fostering the culture to introduce dearness for the general public with the help of abundant funds of the company. So let other fashion designers also enjoy more profit on introduction of dearness in the fashion world. Politicians may also get a good share in the shape of party funds or election funds. Who cares for the people of India? People are used to and are destined to get befooled by the company owners and the politicians together.
By
PS Dhingra, CEO & Vigilance & Transformation Management Consultant, Dhingra Group of Management & Educational Consultants
| 01 17 2011 05:04:10 +0000
What is the problem ,if they enter into all business?.Reliance is having that much money ,so they are investing in all business.Let them do their work.
By
vimal , Sr.voip engg
| 01 14 2011 04:36:48 +0000
there is nothing wrong about it,they are one of the financially strong and satiable corporates of India,and if it is about gaining a market share in that particular filed it's a time process,no company can achieve success overnight just because of his successful presence in other filed, but it can give them a base,which reliance is using at it maximum
By
karthikrathnam , Branch manager,
| 01 13 2011 06:43:50 +0000
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Sorry Amit ! Hope you are not on the payroll of Reliance. It is naive to suggest india's economy depends on Reliance. Have you forgotten the reliance Fresh and Footwear fiasco. Not to forget the Reliance petroleum retail outlets. And his brother - Anil aint faring too well either. Reliance is only good for making 20 storied buildings for 4 people to live in with 200 servants to run the show. Lets not idolize and make corrput business houses into demi-gods.
By
Jaygopal Raghavan, Marketing Manager, Landmark Group
| 01 26 2011 17:17:40 +0000
although diversification is good but entering into every trade is also not feasible.. they should concentrate on high yielding areas rather them just entering everywhere... for eg. when oil prices were at 78 $ per barrel it entered into retail outlets of petrol n nw wt ?? all the 1500 outlets are not operational....
By
piyush mangal, working as an article assistant with a ca firm, sp babuta and associates
| 01 25 2011 09:01:38 +0000
No, they don't have to offer every product and service, because if big shots start selling everything then no one buy product from SME, as Big shots have more name, fame and reputation in market. So, now one prefer SME compares to Big Shots, which makes loss for others.
By
Deepak Kakran, CEO & Founder, Empess Infosolutions
| 01 22 2011 23:37:40 +0000
There should be some provision in the MRTP Act to prevent big shots from entering into every sector that they want. They may be slightly cheaper in the short run, But the common man who makes a living as an intermediatery is badly hit. Long range, theswe guys will raise prices, while buying it at a still cheaper price from the bottom of the pyramid.
By
V. Srinivas, Freelancer, Information Technology
| 01 17 2011 04:33:01 +0000
Reliance is really not doing anything reliable to its brand by venturing into every possible product you touch upon. The brand Reliance has been failing in some sectors like the Reliance Fresh.Its not fresh anymore. Nevertheless, because of its huge financial backup it can still manage to venture into the unknown and fail umpteen number of times. However, it hurts the brand a lot more augmenting the already strained relationship between the Ambani brothers. Its better for reliance to concentrate on its core competent areas rather than blindly getting into the footwear or underwear business.
By
Saibal Ray, Sr. Process Engineer, KPIT Cummins Infosystems
| 01 14 2011 18:51:31 +0000
looks like reliance is desperate ... and they have already lost the core competency they once had in certain sectors... hope better sense prevail as they would anyways mess with the industry they get into but it would doom their prospects as well
By
Kiran Sethumadhavan, Partner, Sunrise Associates
| 01 14 2011 12:06:11 +0000
The group is lost the passion. It is on the Wearing path. It will exist but cannot make a mark. VIMAL to RCOM all in the mess.
By
Prasad PN, Zonal Sales Manager
| 01 13 2011 06:48:01 +0000
No reliance is entering in fashion wear, he can not get success. The main aim of reliance is to enter each and evry field either growth or degrowth.Reliance is not getting market share in jewellery, footwear, fresh, OOH Big street. Even his own brand Vimal is also not success , Vimal has just taken re-positioned but not market share.After entering in new field, reliance is not giving too much concentrate regarding branding and promotion on that field (including jewellery, footwear, fresh).
By
Virag Shah, Confidential
| 01 13 2011 05:45:00 +0000
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