The Department of Posts may get a fresh lease of life if Jamnalal Institute of Management Studies (JBIMS), Mumbai, has its way. A team of students from the business school has chalked out innovative strategies to revamp the business of Indian Post, which is the most-widely distributed post office system in the world with more than 1.55 lakh post offices.
Among the strategies provided to make postal services commercially viable are tying up with fast moving consumer goods (FMCG) companies, gift shops, cellular service companies, banks and other financial institutions to deliver their products, mobile bills and debit/credit card statements. The paper is part of Strategym 2009, the annual business convention of JBIMS, to be hosted on October 27 and 28. In the past, the business school's papers have been adopted by renowned corporations like LIC, UTV, to name a few.
Image: An Indian policeman walks past a post box in Mumbai
Text: Business Standard
Images courtesy: Getty
Also see: Deepak Parekh: A man for all occasions