People say so. The newspapers say so. Every TV Channel worth the telecast rights says so. Any industrialist who doesn’t say so, is not one. Educationists say so, the world over. Many friends from the blog world says so.
Not to be left out, i want to say something about the markets too.
Ever since i graduated from B-School, ‘Market’ took a meaning of pinstripe suits, mega deals, pink newspapers, intense analysis, luck, spread sheets, mathematics, loads of money. These of course had one element in common : Me ! All of the above had a strange repelling effect on me ! They took the next street, when i came close to them !
Before B-School, ‘markets’ conjured different images : The fresh smell of vegetables, the dirty ground swathed with dropped green leaves, grimy soil, rotten tomatoes, cut coconut, broiler chicken, endless bargaining and a huge amount of energy.
I suddenly seem to get the connection, and understand why stocks are traded in ‘markets’ too.
The eternal construct of the old world market, was in its form. You traded in what you could see. For a price that was by and large equitable to value. The principles of supply and demand worked to ‘real demand’ ! You could touch the offering, and paid in hard currency. If your produce was sub-prime, your price automatically was sub-prime !
Sale didn’t happen because of serendipity. You didn’t buy two more cabbages because some pinstripe told you to. You bought it if you liked it. Or somebody in the family liked it. And those of course were the days of carefree eating, unpolluted by the oil-free-calorie-calculating agenda ! The veritable place offered the best breeding ground for veritable trade.
With a polyannish flourish, and additional inches to a wiseacre chest, here is my theory : The engine of the old world market was its simplicity. Or rather in its abhorrence of anything complex.
You could set it up in a jiffy. When its time to go home you go home with your store. But the essence of a certain degree of a ‘fair exchange’ & commerce took place ! True value was exchanged. And still gets. And these showcased Innovations in simplicity !
Here are some examples.
You sure must have heard about Tele-shop. But have you seen an auto-shop ! Well, here is one. The shop is gone by the night. Only to reappear in the morning. With new merchandise and merchandising.
And oh yes, supply chain, need not be imperious analytical minds, software that would almost get you the moon, heavy duty warehouses and so on. All it could take is a gunny bag and some strong arms !
An inverted crate and 2 X 2 ft is all that this lady has to sell a perishable product. She told me she makes about Rs.300/- a day and sleeps a happy woman. I asked her, what does she aim to do ? She told me, ‘ Sell my ware. Earn my money. Get my sleep.’ That was as simple as it could get.
And i sure could tell, she was crate-ful ! Even after her merchandise was exhausted !