| THIS WEEK: FINE DINING IN INDIA |
| The food and beverage sector is growing at 25 per cent a year, thanks to rising disposable incomes and an increasing number of dual-income nuclear families opting to eat out. |
| Seventy-one per cent of affluent Indians enjoy eating out at least once every fortnight. A significant number prefers speciality food or fine dining experience at least once a week. |
| Indian/Mughlai is by far the most favoured and preferred cuisine among Indians, followed by Chinese. |
| People in west India spend the maximum on eating out. People in the east spend much less than any other region. |
| Casual eating out is by far the most popular option of dining, with almost 60 per cent of all age groups preferring local colony restaurants. |
| A good 72 per cent buy gourmet food at least once every month, and 44 per cent feel that their frequency of purchase has increased over the past year. |
| Among gourmet food purchasers, incidence of buying high-end bakery products, is the highest, followed by chocolates. Incidence of wines and spirits is significantly low. |
| Among those who purchase gourmet food items, the average expenditure on the category is estimated at Rs 55,688 a year. |
| Selections from management journals NUGGETS |
| Executives generally appreciate the importance of monitoring the underlying health of their companies and of taking action to improve it. Impeded by a variety of cognitive and other traps, however, they seldom practice what they preach. The challenge is to embed healthy thinking at all levels of the organisation. The first step is to understand the attributes of a healthy company "" in our experience, one that shows resilience to shocks, executes well, aligns employees around a common purpose, focuses on renewal, and ensures that its practices complement one another. Businesses can work toward this elusive goal by regularly analysing the way they allocate resources, striking a balance among different types of initiatives, developing appropriate metrics to test their health, adapting their core processes, and reinforcing healthy attitudes through performance contracts. |
| Anatomy of a healthy corporation By Aaron De Smet, Mark Loch and Bill Schaninger The McKinsey Quarterly Web exclusive, May 2007 Read the article at www.mckinseyquarterly.com |
| WHO BOUGHT WHAT May 2007 |
| Top online buys |
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| Top searches
Source: eBay India (www.ebay.in) |
Strategic tools for the practising manager
KIT
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First Published: May 29 2007 | 12:00 AM IST
