Dear friends,
Do you think out-of-the-box? If so, please read this small story of Anthony and post your comments directly on the Blog itself as it helps others in appreciating your ideas. I will come out with solutions later.
Anthony was an ethical entrepreneur with vast experience. He was bankrupt in business due to the external political problems in the host country leaving him insolvent. However he did not lose his heart as entrepreneurs are basically brave hearted.
He returned to his country and requested for help from couple of close friends. They refused to help as they knew that extending their hands was like betting on the dead horse. However a childhood friend, Robert came forward to lend him 100 bags of sugar with each bag containing 100 kilograms for a price of one dollar per kilogram. But Robert imposed a condition that the amount should be paid within a week. If the goods were not sold completely, the left over unsold stock along with the cash had to be refunded. Anthony had agreed to take 100 bags full of sugar as per the terms and conditions of Robert.
He started selling the stocks of sugar in loose quantity at the cost of one dollar per kilogram. That means at the cost price. He liquidated the stocks and paid back the amount to Robert regularly within a week. He did in this way regularly. Did Anthony get any profit out of it or not? If so, what were the other advantages out of such transactions for a businessperson? Just thinkkkkkkkkkkkkk
Subscribe to:
Post Comments (Atom)
2 comments:
I quickly scanned your blog and though I agree it is important to THINK out OF BOX.. it is also important to really analyze, evaluate and know that the consequences of CREATIVE THINKING really means…visit my site and learn the ART and SCIENCE of STRATEGIC THINKING and DECISION MAKING www.strategyleader.com TODAY the US is a victim of TOO MUCH CREATIVITY and not enough of REALITY..THINKING…\
Thanks for letting me know of your blogs..my latest book THE SECRET TO GE’s SUCCESS has been published in INDIA, via MH/ TATA and reflects the reasons that GE has been successful and it was not because it THOUGHT out of the BOX..
Keep in touch..
Bill Rothschild
GE STRATEGIST…successful CONSULTANT and now PROF. at U of Bridgeport..
Anthony definitely made profits out of selling Sugar at the cost price because Business is not just about gaining profits but to build a confidence among the consumers, Co-Workers, Partners to believe in you and your decisions as a Business man.
I think Anthony @ that point of time was just looking at gaining the trust factor among his peers who had no hopes of him surviving after being Bankrupt..
He has proved that he could survive, thus proving his sustainability during tough times.
Ram Avtar
(Management Trainee-GENPACT)
Post a Comment