Jay Gupta doesn’t like MBAs. He feels they are too process-oriented. “They can drive a car from place A to place B. Ask them to create a road and they cannot do it,” says the 34-year-old founder and managing director of the discount store The Loot. “They don’t know how to deal with entrepreneurs who run our franchises in smaller towns. The franchise owners are much more street-smart than they are,” he adds.
Navigating the Challenges
(This story appears in the 16 July, 2010 issue of Forbes India. To visit our Archives, click here.)
Great idea come from a great mind
on Aug 28, 2010great idea....!!!
on Jul 26, 2010Gr8 article. But did you mean Mega Mart or Vishal Megamart?
on Jul 22, 2010It's a fantastic idea! It's easier to judge the saleability of a stock that has seen a season than to predict what's going to move next season. Also I like his quote " everything is saleable at the right price". Good One
on Jul 19, 2010Getting MBA degree is truly elated feeling.Rest everyone needs to learn things practically.
on Jul 17, 2010Its really an out of box thinking by Jay. Hats off to him!!!
on Jul 16, 2010Amazing story, wish every budding entrepreneur tastes the same success. Good luck !
on Jul 14, 2010