Mirakle Couriers – Making The Right Moves
The Cuff Parade Office of Dhruv Lakra (Dhruv), the CEO of Mirakle Couriers, Mumbai, had the similar heavy overcast atmosphere like the weather outside his office. Acknowledged for his entrepreneurial ideas and opportunities Dhruv was a successful social entrepreneur, quite popular with the differently-abled people. His venture was ranked fourth by the US-based entrepreneurial online magazine ‘Top 20 Business Ideas & Opportunities for 2011’. Dhruv was tossing over the idea of expansion of his business: ‘Mirakle Couriers’. In a short period, he was able to make a remarkable name for Mirakle Couriers; a zero-error organization, managed by people who were hearing impaired. He wanted to address the stagnant growth rates of the venture he had initiated.
Mirakle Couriers formed by Dhruv Lakra in the beginning of 2009 won many awards for this social entrepreneurship venture –‘Hellen Keller Award’ in 2009 followed by ‘National Award for the Empowerment of People with Disablities’ in 2010...............
Differently-abled Society
India alone has about 60 million people who are hearing impaired, which is about 6% of the deaf victims globally. According to the deaf.org, five out of one thousand children are born deaf. Nevertheless, deafness has not stopped people from becoming famous by their contribution to society in their chosen fields of knowledge, for instance, legends Beethoven and Thomas Alva Edison.
Dhruv, had identified the potential of this differently-abled group who had learnt to communicate in a sign language (Indian Sign language –ISL), taught at their special schools. This language stands useful when communicating with all those individuals who are familiar with ISL..............
Courier Industry
The courier industry is understood as a series of establishments grouped together to offer messenger services locally, domestically and internationally. It agrees to deliver small items in urban or metropolitan areas. Establishments in the courier industry, however, are only in the delivery of items.
The market for Courier services in India is a highly fragmented market with many unorganized small players. India being a vast country has more than 10,000 pin codes..............
Opportunities
The increased online purchases have shown an upward turn on the demand for delivery and reverse logistic services for e-commerce companies. However, the first and foremost touch point with the customers is the delivery of the online ordered product in the e-commerce companies. Courier services in a way have become the face of the e-commerce companies. Thereby a lot of effort is made to choose the right courier services.............
Social Entrepreneurship Model
Social entrepreneurship is the most promoted ventures by the government of India. An easy understanding of the term Social Entrepreneurship as described by Retail Digest: “An organizational activity in the private, public or third sector that includes some evidence of three key factors: Sociality, Innovation and Market orientation”...........
The Mirakle Courier’s Business Model
Mirakle Couriers is known as an error free organization in spite of the challenged workforce. This is made possible because of the meticulous planning that goes into the delivery process. The pickup and delivery details planned were communicated in the Indian Sign language (ISL). Pick up of documents and client addresses were communicated via SMS’s, to the field agents.............
Assignment Questions
I. How can Mirakle Couriers have a sustainable and a profitable business? Evaluate the social entrepreneurship model adopted by Dhruv Lakra.
II. Discuss how Dhruv Lakra convinced his customers about his special employees’ ability to work efficiently and effectively.
III. ............
Exhibits
Exhibit I: Existing Divisions of Courier Industry
Annexures
Annexure I: Types of Courier Services
Annexure II: Distinctions among Types of Entrepreneurs along Mission and Process/Resources