It is not a simple task to create a company and make it profitable. Vijay Eswaran has accomplished this task. He has done this because of a number of key factors. His company is called the QI Group. They focus on marketing campaigns for the travel industry. Vijay feels that many of his competitors do not have a grasp of what makes a company successful in this day and age. He said that his professors at the London School of Economics taught him a lot about business management. He has credited them with giving him the tools to make his company a success.
Vijay Eswaran believes that every CEO needs to be surrounded with people who are not afraid to give their opinion. There are many CEOs who have people working for them who are intimidated to speak up if they have a good idea. Vijay gives credit to his staff all the time. He says that many of the best decisions he has made since he founded the QI Group were the result of ideas that were thought of by his staff. Vijay takes the hiring process very seriously. However, he does not always hire people based on experience. He will often go by his gut reaction after an interview. His instincts usually turn out to be right.
One of the other things that Vijay Eswaran tells other business owners is to delegate responsibility to people you trust. He said that he was guilty of trying to do too many things when the QI Group first started. He wanted to be involved in every aspect of the company. However, he quickly realized that was not very realistic. He then started to make a list of tasks that he would need to delegate. He chose the most competent and qualified people for each task.
Vijay Eswaran firmly believes that the better you treat your employees, the more loyal they will be to you. This is why the QI Group has become known for having a very low turnover rate. There are many people who have worked for the company for the entire 21 years it has existed. This says a lot about the quality of the working environment that Vijay has created for all of his employees. Obviously, he also feels that his employees need to be fairly compensated based on the contributions they make. Fair pay is critical to retaining top talent in the marketing industry.
Overall, Vijay Eswaran is very happy with everything he has been able to accomplish. He learned a lot about running his company by trial and error. He has never been too proud to admit when he is wrong. This has helped his company in the long run. Find out more about Vijay Eswaran: https://www.prnewswire.com/news-releases/vijay-eswaran-discusses-impact-investment-and-gender-parity-in-new-york-300720477.html
It seems as though JD.com is constantly being talked about these days; not solely because it leads the industry as China’s largest retailer; but also because the company is actually acting like a leader. JD.com, or Jingdong, is constantly finding new ways to use its state-of-the-ark logistics network and infrastructure to improve areas that would otherwise be only barely related to its market, such as food production or transparency in the medical field. Now, JD.Com has partnered with Intel to create a joint lab for the purpose of finding even smarter retail solutions using IoT, or the Internet of Things. Intel architecture shows that the Digitized Retail Joint Lab will seek to develop new and improved technologies, from next-level solutions for media and advertising to new, advanced vending machines.
Intel and Jd.com are working together on this project, after successful work as a team in the past including the merge of Intel’s OpenVINO architecture for computer vision and RRI edge computing with the in-place algorithms JD.com uses to analyze the traffic and purchasing habits of its customers; overall, to allow store owners to cater to the consumer needs. Though JD.com is a big player in the online retail game, it still cares about its own brick-and-mortar locations along with the existence of many offline stores in the country. The lab will combine JD.com’s and Intel’s collective strengths in order to create solutions for offline stores that competing online stores have by default, particularly with personalizing the shopping experience for consumers.
JD.com is the most influential retailer in China and leads the industry in data-driven innovation for both online and offline retail; said by Intel’s VP Wei Chen, Intel is thrilled for the next-level partnership with Jingdong.
JD.com preaches their RaaS Initiative, or the utilization of “retail as a service” to the consumers, and actually follows through by sharing the cutting edge advances in infrastructure and technology they have made with countless retailers through many industries, with the goal of revolutionizing global retail as a service. The overall retail ecosystem can be recreated in a sophisticated and advanced way using Jingdong’s capabilities and Intel’s technologies, bringing modernization to online and offline retail stores alike.
Details JD via Twitter : https://twitter.com/jd_corporate