Sunday, February 26, 2017

A wonderful business model




You might have seen the above seen very often, now days it has started becoming quite common outside any temple in India.


Today evening when I went to a nearby temple I found an old lady sitting next to a cow with lots of grass with her, which she probably has collected from the nearby ground.


Unlike the other people, I also have paid her 10₹ and brought some grass to feed the holy cow as feeding cow considered to be an auspicious ritual in Hinduism.



Immediately a thought came into my mind that what a wonderful business model it is, it is neither B2B nor B2C but D2G (devotee to God)


A business model which doesn't need any investment, no working capital, no overheads and all your top line is exactly equal to your bottom line.


Now let's see what kind of earning this old woman is making or may make potentially.

Wednesday, February 8, 2017

Product Management




Product management can be defined as entrepreneurial management of a part of a business (Product, Service, product line, segment or a brand etc.) Product managers are generally responsible for this part of the business without having direct authority over the entity.

The products manager’s job is to oversee all aspects of a product or a service line so as to create a strong value proposition and deliver superior customer satisfaction while simultaneously providing long term value to the company.


Product Manager’s Scope of responsibilities:   




Apart from above macro level scope of responsibilities a product manager or a product management team may have following ownership and accountabilities

  • Advertising
  • Branding and Naming
  • Channel and Distribution Management
  • Competitive Force Analysis
  • Direct Marketing Programs
  • Forecasting
  • Inside Sales Management
  • Key Account Management
  • Lead Generation and Management
  • Market Research
  • Market Identification and Development
  • Outside Sales and Promotions
  • Packaging and Presentation
  • Planning
  • Positioning
  • Pricing
  • Product Design and Development
  • Product Legal Considerations and Protection
  • Program Management
  • Public Relations—Press Management
  • Strategy

Saturday, February 4, 2017

How to download Paid Research Papers for FREE

Sci-Hub

 

Sci-Hub is an online search engine with over 58,000,000 academic papers and articles available for direct download, bypassing publisher paywalls. New papers are uploaded daily when accessed through educational institution proxies, and papers that have been accessed through Sci-Hub are stored in the LibGen repository.
Sci-hub was founded by Kazakh graduate student Alexandra Elbakyan in 2011, as a reaction to the high cost of research papers behind paywalls, typically US$30 each when bought on a per-paper basis.
In 2015 academic publisher Elsevier filed a legal complaint in New York City against Sci-hub alleging copyright infringement by Sci-Hub, and the subsequent lawsuit led to a loss of the original sci-hub.org domain. Following the first domain loss, Sci-Hub has cycled through a number of domains, some of which have been blocked in certain countries. Sci-Hub has been highly controversial, lauded by parts of the scientific and academic communities and condemned by a number of publishers.
Use Below Link and enter the URL of the research paper page you want to download. 

https://sci-hub.cc/

Boom !!! Here you are with the copy of the research paper.

Source : https://en.wikipedia.org/wiki/Sci-Hub

 

Saturday, December 31, 2016

Real life Case Study – Distributor’s Business in Tanzania



Mr. John from ABC Ltd, Tanzania is an exclusive distributor of JJ India Ltd since last 20 years in Tanzania.

JJ India Ltd. is a well-known and established brand in the field of industrial consumables. Mr. John have been doing a decent business with JJ India Ltd, Importing industrial consumables from JJ India Ltd to Tanzania and selling it to his customers. His business with JJ India Ltd have been grown in decent pace, He has introduced various new products from JJ India Ltd to Tanzania market and grown the business successfully.

Mr. John is operating with a decent gross margin of 25% in his market since last few years (Till the year 2015), which is very lucrative to stay into the business.
Tanzanian Currency (TZS) have been devalued against US Dollar (USD) from year 2015 to 2016 by 30 %. (From 1700 TZS per USD in 2015 to 2200 TZS per USD in 2016) . Therefore Mr John’s import prices have gone up.

With higher manufacturing cost JJ India Ltd. was not able to pass on the extra discount to ABC Ltd to make Mr. John stable into the business.

Monday, December 26, 2016

New product development


   In business and engineering, new product development (NPD) is the complete process of bringing a new product to market.
New product development is described in the literature as the transformation of a market opportunity into a product available for sale and it can be tangible or intangible. A good understanding of customer needs and wants, the competitive environment and the nature of the market represent the top required factors for the success of a new product. Cost, time and quality are the main variables that drive the customer needs. Aimed at these three variables, companies develop continuous practices and strategies to better satisfy the customer requirements and increase their market share by a regular development of new products. The use of best practices and the elimination of barriers to communication are the main concerns for the management of NPD process.
There have been a number of approaches proposed for analyzing and responding to the marketing challenges of new product development. Two of these are the eight stages process of Koen and a process known as the fuzzy front end.

A.      The eight stages