TrueColor, an event management company in eastern India, had been in a business of inviting Tollywood singers to a city called Tivanna, and made money out of selling tickets of their concerts. The stars were paid a xed fee regardless of the number of tickets sold. The company had a specialized team that negotiated the singers’ fee with their managers. However, for selling the tickets of such events, they were reliant on an external media agency called Zedius. Zedius had a long-standing relationship with TrueColor, and had been instrumental in achieving a target of 50,000 tickets for each of the agship events..
Mr. Sukanta Rao joined TrueColor as an inhouse sales and marketing manager, a position exclusively created for him. The CEO, Mr. Adil Banerjee, had assigned a task of increasing the sales of tickets to 100,000. In Sukanta’s earlier stint, he had seen that similar cities sell more than 75,000 tickets for such events. He felt that, over time, reaching 100,000 was plausible for TrueColor
This question requires understanding Sukanta's position and the challenge he faces in managing ticket sales for TrueColor. The key issue is whether Sukanta should make immediate major changes by replacing Zedius, the existing media agency responsible for ticket sales. Let's analyze the provided options to determine the best reason for delaying major changes:
The most logical option that supports Sukanta in taking measured and informed actions is that he needs more time to learn about the dynamics of the eastern market. Understanding the market before making strategic decisions is vital for ensuring successful outcomes, thus preventing unnecessary risks that could arise from immediate changes.
The question revolves around a scenario where Zedius, a media agency working with TrueColor, is accused by competing agencies of selling fake tickets. The task is to help Adil ignore these accusations effectively.
Let us evaluate the given options to determine which one would best help Adil maintain the status quo and ignore the accusations:
Conclusion:
The best option to help Adil ignore the accusations and maintain status quo is Option 1: "In Tivanna, the competing media agencies keep defaming each other out of fierce competition." This choice highlights that the accusations could merely be part of regular competitive rivalry, allowing Adil to reasonably disregard them.
This question involves making a decision for TrueColor, a company looking to transition from external ticket sales management by Zedius to an internal strategy led by Sukanta and his team. This is a strategic decision-making question where you need to evaluate the best course of action based on the given situation.
Let's analyze the context and the options:
Now, assessing each option:
In conclusion, the best course of action for Adil is Option 5. Allow the internal team more time to develop their skills and understand the complexities of ticket sales, which can lead to significant long-term benefits for TrueColor.
Sundaram Stores operated in a gated community, situated about 30 Kilometers away from the main town. The store owner Mr. Sundareswaran Pichaimuthu, or Sundaram as he was called by everyone, secured a space in the gated society through a competitive bidding process. The residents’ association, led by Mr. Thangamoorthy Selvaganapathy, selected Sundaram over three other bidders, based on his willingness to pay the highest rent. Desperate to augment his post-retirement income, Sundaram agreed to pay a very high rent, banking on the prospect of generating exceptional revenue from the gated community.
Sundaram was awarded the contract to establish the store, with provisions for a review every three years. Feeling elated during the meeting with the residents’ association to finalize the contract, he enthusiastically committed to offering a 15% discount on all groceries and stationary, cementing goodwill and reinforcing the partnership established through the contract. The association was delightedly taken aback by his generous assurance. Sundaram hoped to make up the difference through volume.
Although his sales were strong during the initial months, he soon realized that the SUV-owning residents of the gated community primarily made their purchases at large, branded retail chains in the main town. These stores offered deeper discounts, which he could not afford to compete with. However, gradually, Sundaram store became their go-to store for daily essentials and occasional urgent big purchases such as replacing a broken mixer-grinder.
Purushottam Bhatnagar own and operates a sweetshop Puru and Sons. He is about 60 years old is eager to hand over the business to his sons Ratan and Pramod. He however, fears that his sons, fresh from college may not understand the tricks of the trade.