But will these small ticket acquisitions, that too impoverished ones, do any good to Reliance? The strategy to turn second rate operations into cash cows is how steel magnate L. N. Mittal scripted his success chronicle. All state owned retail chains that Reliance is eyeing are in the red. Obviously, it’s not size and synergies that Reliance is betting on. The prime real estate locations in the metros are what could be driving Reliance, which would otherwise find it almost impossible to acquire space for retail outlets. And Reliance might be looking at a real life dress rehearsal before actually somersaulting into the Indian retail mud pool. The state-owned retail chains, with their unionised work force and bureaucratic practices would actually offer Mukesh Ambani and his team a few lessons on how to manage a service sector organisation.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
