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The changing business paradigm and its impact on Indian SMEs in 2010

It is not the fittest who will survive the change but those who are having the ability to adopt to change – Charles Darwin Understanding the change that is hitting all of us and managing it has become almost the primary task to survive as a business enterprise The current change that is engulfing every industry with market volatility, rules being made and broken on almost daily basis, we are witnessing unprecedented churn that will bring in new breed of start ups and many of the old will sink. Many more even in the fortune 500 may not live to exist in the next 5 years. This is not to be mistaken as a passing storm but a permanent changed weather. Socially people are waking up to the fact all that we have known in the last 60 years and identified ourselves with in terms of prosperity, life styles, challenges, dependence, status symbol etc are completely disconnected with our natural support systems. Across the coffee table I find the discussion on ‘Greed’ quite intriguing as thi

India is facing the largest refugee crisis by its own farmers

It’s now official that the northern parts of India this year will witness a failed monsoon. The granary of India comprises of Punjab and its surrounding state of Harayana as well. The farmers are already in despair as this would mean that they would be pushed into further debts and multitude of other problems like drinking water and going to bed on an empty stomach for one full year. They are heavily dependent on the Khariff crops sown this time of the year.Their conditions will become even more pathetic this year. The change in rainfall pattern due to the El Nino effect and erratic showers are virtually driving the farming community in the India to look for other occupational alternatives. Let’s take a quick look at some of the root causes a) Rapid Urbanization: With cities growing randomly as a result of the globalization effect we find that lots of lucrative jobs available that are more enticing and gratifying than the returns from agriculture b) The Real Estate: as cities expand

CII - 5th India Innovation Summit 2009 | The News is NowPublic.com

CII - 5th India Innovation Summit 2009 The News is NowPublic.com

Are we saying good bye to the Dollar

Since about 1999, media pundits have been predicting the imminence of two things: breakdown of the US economy and the end of dollar hegemony. The first has more or less happened now. I have argued earlier in previous articles in this column that, in the long run, demographics will largely determine the economic/political shifts which normally follow major episodes of global recession. The recent meeting of the G20 called to discuss measures to tackle the current global meltdown, made all the necessary Keynesian noises and, most important, established the need for a continuing multilateral dialogue for economic cooperation. The second issue regarding the role of the dollar as the principal reserve currency also came in for some discussion with suggestions about the need for a second Brentton Woods conference to reform the global financial architecture. As in the 1940s, the discussion has centred around world liquidity and the dollar’s hegemony. Joseph Stiglitz is also reported to have m

Why Strategic Planning fail

Reasons Why Strategic Planning ಫೈಲ್ಸ್ Failure to understand the customer Why do they ಬಿ Is there a real need for the product Inadequate or incorrect marketing research Inability to predict environmental reaction What will competitors do Fighting brands Price wars Will government intervene Over-estimation of resource competence Can the staff, equipment, and processes handle the new strategy Failure to develop new employee and management skills Failure to coordinate Reporting and control relationships not adequate Organizational structure not flexible enough Failure to obtain senior management commitment Failure to get management involved right from the start Failure to obtain sufficient company resources to accomplish taskFailure to obtain employee commitment New strategy not well explained to employees No incentives given to workers to embrace the new strategy Under-estimation of time requirements No critical path analysis done Failure to follow the plan No follow

Economic recession and the relationship with War

Even though various governments have infused around $10 trillion by way of bailout packages and lowered interest rates to near zero levels, the world economy has failed to emerge from the clutches of recession. In fact, the situation is turning worse. History shows that war always follows slowdown or recession. And given the somber geo-political situation across the globe, some economists and analysts feels that the world may well be headed in this direction. After the 1797's economic deflation, there was war between US and France from 1798 to 1800. The war between US and Great Britain in 1812 followed the depression in 1807-1808. The long depression of 1873-1879 paved the way for war between US and Spain and the First World War which lasted till 1918. The Second World War was followed by the Great Depression of 1929-1939. The early 1990's recession again put US on the war front against the Iraq. History shows that most of the wars have followed the economic crisis-- there are