This letter / 01
Recognition should make the buying conversation more useful
An indicative annual minimum made the extension attractive. The harder question was which technical and service expectations would travel with recognition.
The proposed licence came with an indicative annual minimum of ₹2.4 crore. For a regional industrial manufacturer, it deserved attention. We had invested in recognition over many years, and a partner wanted to use our name on unrelated industrial goods. The apparent attraction was that income could arrive without adding manufacturing capacity. I wanted us to examine a different question at the same time: what would a purchaser think our name promised when it appeared on the proposed product?
