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Showing posts with the label Growth Mindset

Why is Paytm India's Top Startup?

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Paytm was launched in 2010 as an Indian start up. The original service of Paytm was to help users to make their bill payments and recharge mobile phones, while earning reward point. In this post we will see the reason why Paytm is considerd the top indian startup and get more details about this startup. What is Paytm? Paytm was founded by Vijay Shekhar Sharma, in Noida with an initial investment of $2 million. Paytm's parent company One97 Communications which is also owned by Vijay Shekhar Sharma was started in 2000 and operates into multiple fields. Who owns Paytm? Paytm has been backed by Jack Maa's Alibaba and Ratan Tata of the infamous TATA Group. Although partially owned by Chinese company Alibaba, Paytm remains an Indian company with majority of stake holders being Indians (primarily Ratan Tata and Vijay Shekhar Sharma himself.  What got Paytm the required boost? Paytm added a lot of features in 2013 and moved from a mobile and DTH recharge service to an online payment pl...
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What Makes Large Firms So Inflexible?

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Being flexible and coming up with new business models is increasingly critical for firms. However, many companies continue to operate their businesses in the ways they had been operated till now.  There are mainly 5 reasons why it is difficult for a large firm to adapt the flexibility model. There reasons are given below and explained. Complacency According to Carol Dweck, a professor of psychology at Stanford University, individuals typically have one of two mindsets: A fixed Mindset – They believe their qualities and other’s are carved in stone A Growth Mindset – They believe that their basic qualities can be nurtured and improved through efforts. Shashank Samant, President of GlobalLogic, a company that provide R&D services to large technology vendors was invited by a large firm to redesign their 15 year old product. Samant and the team at GlobalLogic made a simple but efficient design keeping in mind the audience that prefers using Google and Facebook. The...
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