LONDON STOCK EXCHANGE

The London Stock Exchange is at the heart of global financial markets and is home to some of the best companies in the world.

The London Stock Exchange is one of the world’s oldest stock exchanges and we can trace its history back more than 300 years. Starting life in the coffee houses of 17th century London, the Exchange quickly grew to become the City’s most important financial institution.

SENSEX

Sensex is the common name for the Bombay Stock Exchange Sensitive Index. It consists of the 30 largest and most actively traded stocks, representative of various sectors, on the Bombay Stock Exchange.

The Sensex is generally regarded as the most popular and precise barometer of the Indian stock markets. It is the oldest stock market index currently in use.

The base value of the Sensex is 100 on April 1, 1979.

At irregular intervals, the Bombay Stock Exchange (BSE) authorities review and modify its composition to make sure it reflects current market conditions.

Guerilla Marketing

Guerrilla marketing, as described by Jay Conrad Levinson in his popular 1984 book Guerrilla Marketing, is an unconventional way of performing promotional activities on a very low budget. Such promotions are sometimes designed so that the target audience is left unaware they have been marketed to and may therefore be a form of undercover marketing (also called stealth marketing). The ethics of guerilla marketing have often been called into question due to an alleged deceptive, misleading, or subtle nature of the campaigns.

It is up to the guerrilla marketer to be creative and devise unconventional methods of promotion. The marketer must use all of his or her contacts, both professional and personal, and must examine his company and its products, looking for sources of publicity.

Levinson identifies the following principles as the foundation of guerrilla marketing:

Guerrilla Marketing is specifically geared for the small business.
It should be based on human psychology instead of experience, judgment, and guesswork.
Instead of money, the primary investments of marketing should be time, energy, and imagination.
The primary statistic to measure your business is the amount of profits, not sales.
The marketer should also concentrate on how many new relationships are made each month.
Create a standard of excellence with an acute focus instead of trying to diversify by offering allied products and services.
Instead of concentrating on getting new customers, aim for more referrals, more transactions with existing customers, and larger transactions.
Forget about the competition and concentrate more on cooperating with other businesses.
Guerrilla Marketers should always use a combination of marketing methods for a campaign.
Use current technology as a tool to empower your marketing.



DO YOU KNOW???????

While still used frequently by small businesses, Guerrilla Marketing has been used increasingly by fortune 500 companies, including General Electric, Yahoo!, Citigroup, Sony Ericsson and Nike.

DEMING

William Edwards Deming was an American statistician, college professor, author, lecturer, and consultant. Deming is widely credited with improving production in the United States during World War II, although he is perhaps best known for his work in Japan. There, from 1950 onward he taught top management how to improve design (and thus service), product quality, testing and sales (the latter through global markets). Deming made a significant contribution to Japan becoming renowned for producing innovative high-quality products. Deming is regarded as having had more impact upon Japanese manufacturing and business than any other individual not of Japanese heritage.


Deming was the author of Out of the Crisis (1982-1986) and The New Economics for Industry, Government, Education (1993).


When people and organizations focus primarily on quality, quality defined by the following ratio:

QUALITY = results of work efforts/total costs

then quality tends to increase and costs fall over time.
(b) However, when people and organizations focus primarily on cost, then costs tend to rise and quality declines over time.

KAIZEN

Kaizen (Japanese for "change for the better" or "improvement", the English translation is "continuous improvement", or "continual improvement.") is an approach to productivity improvement originating in applications of the work of American experts such as Frederick Winslow Taylor, Frank Bunker Gilbreth, Walter Shewhart, W. Edwards Deming and of the War Department's Training Within Industry program by Japanese manufacturers after World War II. The development of Kaizen went hand-in-hand with that of quality control circles, but it was not limited to quality assurance.

The goals of kaizen include

>>elimination of waste (defined by [Joshua Isaac Walters] as "activities that add cost but do not add value")

>>just-in-time delivery, production load leveling of amount and types

>>standardized work

>>paced moving lines

>>right-sized equipment

RED OCEAN AND A BLUE OCEAN

The "ocean" refers to the market or industry. "Blue oceans" are untapped and uncontested markets, which provide little or no competition for anyone who would dive in, since the markets are not crowded. A "red ocean", on the other hand, refers to a saturated market where there is fierce competition, already crowded with people (companies) providing the same type of services or producing the same kind of goods.

The Top Ten Software Companies in India

1 TCS LIMITED
2 WIPRO LIMITED
3 INFOSYS TECHNOLOGIES LIMITED
4 SATYAM COMPUTER SERVICES LIMITED
5 I-FLEX SOLUTIONS LIMITED
6 TATA INFOTECH LIMITED
7 CMC LIMITED
8 MPHASIS BFL LIMITED
9 MASTEK LIMITED
10 NIIT LIMITED

GDP------------GNP

A region's gross domestic product,or GDP, is one of several measures of the size of its economy. The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.

GDP = consumption + investment + (government spending-taxes) + (exports − imports)

Gross National Product (GNP) is the total value of all final goods and services produced by a country's factors of production and sold on the market in a given time period.

Nominal GNP measures the value of output during a given year using the prices prevailing during that year. Over time, the general level of prices rise due to inflation, leading to an increase in nominal GNP even if the volume of goods and services produced is unchanged.

Real GNP measures the value of output in two or more different years by valuing the goods and services adjusted for inflation. For example, if both the "nominal GNP" and price level doubled between 1995 and 2005, the "real GNP" would remain the same. For year over year GNP growth, "real GNP" is usually used because it gives a more accurate view of the economy. It also has nothing to do with the population.

Empowerment

Empowerment means that employees, managers or teams at all levels in the organisation have the power to make decisions without asking their superiors for permission.

The notion underlying empowerment is that those closest to the task are best able to make the decision, provided that they have the required competencies. Actually, the notion of empowerment is historically based on suggestion schemes, job enrichment and worker participation. Moreover, the concepts of delegation are closely related to empowerment

Financial Statements

Financial statements are records that provide an indication of an individual’s, organization’s, or business’ financial status. There are four basic types of financial statements: balance sheets, income statements, cash-flow statements, and statements of retained earnings. Typically, financial statements are used in relation to business endeavors.

Balance sheet financial statements are used to provide insight into a company’s assets and debts at a particular point in time. Information about the company’s shareholder equity is included as well. Typically, a company lists its assets on the left side of the balance sheet and its debts and liabilities on the right. Sometimes, however, a balance sheet has assets listed at the top, debts in the middle, and shareholders’ equity at the bottom.

Income financial statements present information concerning the revenue earned by a company in a specified time period. Income statements also show the company’s expenses in attaining the income and shareholder earnings per share. At the bottom of the income statement, a total of the amount earned or lost is included. Often, income statements provide a record of revenue over a year’s time.

Cash-flow financial statements provide a look at the movement of cash in and out of a company. These financial statements include information from operating, investing, and financing activities. The cash-flow statement can be important in determining whether or not a company has enough cash to pay its bills, handle expenses, and acquire assets. At the bottom of a cash-flow statement, the net cash increase or decrease can be found.

Statements of retained earnings show changes in a company's or organization’s retained earnings over a specific period of time. These statements show the beginning and final balance of retained earnings, as well as any adjustments to the balance that occur during the reporting period. This information is sometimes included as part of the balance sheet, or it may be combined with an income statement. However, it is frequently provided as a completely separate statement.

A corporation and a partnership company

A corporation refers to a business started by more than one person that seeks to sell shares to investors. A partnership also has more than one owner and both profits and liability are shared. The main difference between a partnership and a corporation is liability.

The liability of each member is protected in a corporation as personal risk is limited by the investment. A partnership, like a sole proprietorship, does not offer limited liability protection.

LIMITED LIABILITY COMPANY

A limited liability company is very similar in structure to a corporation, except that the number of owners such a company may have is limited -- hence the name. In the United States, a limited liability company is often referred to as an LLC -- many people incorrectly interpret this acronym to mean limited liability corporation. In the United Kingdom, a limited liability company is marked as Limited or Ltd., in contrast to public companies, which are referred to as PLC.

The limited liability company is a relatively new innovation in the United States, intended as a way to help small businesses gain many of the benefits enjoyed by corporations, while allowing them to retain their small business model of ownership.

A traditional corporation requires a number of things that a limited liability company does not need to create. Corporations have shareholders, for example, and must meet a certain number of times per year at shareholder meetings to make decisions. A limited liability company does not have shareholders and does not require meetings. Similarly, a limited liability company does not need to create a set of bylaws, though some states require an operating agreement in order to recognize the company.

The limited liability company model is widely considered to be an alternative to remaining as a sole proprietorship. For small businesses which are owned by one person, the tax benefits of being a sole proprietorship outweigh the liability-reducing benefits of incorporation. By becoming a limited liability company, however, these small businesses retain many of the perks of being unincorporated, while reducing their liability. A limited liability company may in fact choose its own tax status, deciding whether to be treated as a sole proprietorship, or an S or C corporation.

What is a social enterprise?

Social enterprises are businesses with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.

Social enterprises tackle a wide range of social and environmental issues and operate in all parts of the economy. By using business solutions to achieve public good, government believes that social enterprises have a distinct and valuable role to play in helping create a strong, sustainable and socially inclusive economy.

Successful social enterprises can play an important role in helping deliver on many of government's key policy objectives by:

helping to drive up productivity and competitiveness;
contributing to socially inclusive wealth creation;
enabling individuals and communities to work towards regenerating their local neighbourhoods;
showing new ways to deliver public services; and
helping to develop an inclusive society and active citizenship.

Total Quality Management

Total Quality Management (TQM) is a management strategy aimed at embedding awareness of quality in all organizational processes. TQM has been widely used in manufacturing, education, government, and service industries, as well as NASA space and science programs.


Total Quality provides an umbrella under which everyone in the organization can strive and create customer satisfaction.
TQ is a people focused management system that aims at continual increase in customer satisfaction at continually lower real costs.

TQM is composed of three paradigms:


Total: Organization wide
Quality: With its usual Definitions, with all its complexities
Management: The system of managing with steps like Plan, Organize, Control, Lead, Staff, etc.

As defined by the International Organization for Standards (ISO):

"TQM is a management approach for an organization, centered on quality, based on the participation of all its members and aiming at long-term success through customer satisfaction, and benefits to all members of the organization and to society."

In Japan, TQM comprises four process steps, namely:

Kaizen – Focuses on Continuous Process Improvement, to make processes visible, repeatable and measurable.
Atarimae Hinshitsu – The idea that things will work as they are supposed to (e.g. a pen will write.).
Kansei – Examining the way the user applies the product leads to improvement in the product itself.
Miryokuteki Hinshitsu – The idea that things should have an aesthetic quality which is different from "atarimae hinshitsu" (e.g. a pen will write in a way that is pleasing to the writer.)

TQM requires that the company maintain this quality standard in all aspects of its business. This requires ensuring that things are done right the first time and that defects and waste are eliminated from operations.

PHILIP KOTLER

Dr. Philip Kotler (born 27 May 1931 in Chicago) is the S.C. Johnson & Son Distinguished Professor of International Marketing at the Kellogg School of Management at Northwestern University. He was selected as the #4 management guru of all time by the Financial Times (behind Jack Welch, Bill Gates, and Peter Drucker), and has been hailed by the Management Centre Europe as "the world's foremost expert on the strategic practice of marketing." Also considered one of the pioneers of social marketing.

Through his consulting firm, the Kotler Marketing Group (KMG), Dr. Kotler has consulted to many major U.S. and foreign companies - including IBM, Michelin, Bank of America, Merck, General Electric, Honeywell, and Motorola - in the areas of marketing strategy and planning, marketing organization, and international marketing.

tit bits

What is capitalism?


Capitalism is a social system based on the recognition of individual rights, including property rights, in which all property is privately owned. Under capitalism the state is separated from economics (production and trade), just like the state is separated from religion. Capitalism is the system of of laissez faire. It is the system of political freedom.

TOYOTA........

Katsuaki Watanabe
President




Executive Vice President Fujio Cho, Vice Chairman

Toyota´s new vice chairman has fulfilled decisive roles in honing the legendary efficiencies of the Toyota Production System and in globalizing the company's manufacturing. He headed Toyota´s vehicle-manufacturing subsidiary in Kentucky for six years in the late 1980s and early 1990s.




Toyota Motor Company Management

Shoichiro Toyoda, Honorary Chairman (center)

Iwao Isomura, Vice Chairman (left)

Hiroshi Okuda,
Chairman (right)

Jack Welch
Legendary Former CEO of General Electric

Jack Welch’s management success and skills during his many years at General Electric have been well published and documented. Welch turned the struggling slow moving giant of a company into a dynamic growth company revered by many.

During his 20 years of leadership at General Electric (GE) Welch increased the value of the company from $13 billion to several hundred billion. During his 20 year reign of General Electric, one of Americas largest and most well known companies Jack Welch's management skills became almost legendary.

He joined GE in 1960 and was elected Vice President in 1972 and Vice Chairman in 1979. In 1981, he became the eighth and youngest Chairman and CEO in the Company's 121-year history. He retired in the fall of 2001.

Since retiring from his role as GE Chairman in 2001 Welch has written a best selling memoir "Jack, Straight from the Gut" and consults with several Fortune 500 businesses.

Mr. Welch, a native of Salem, Massachusetts, received his B.S. degree in chemical engineering from the University of Massachusetts in 1957 and his M.S. and Ph.D. degrees in chemical engineering from the University of Illinois.

1) This company was called Lutsuko and later changed its name to something that literally means 'to lose money'. Which one?


*L' Oreal
*Sony
*Matsushita
*Honda

2) Which car in Spanish means 'Charming'?

*Matiz
*Santro
*Ikon
*Corsa


3) Which international brand had an ad campaign - 'Tomorrow is mine' and had signed Rahul Dravid for the campaign?

*Reebok
*Nike
*Pepsi
*Puma

4) This organisation has 1356 members and has the ad-line "the world put stock on us". Which organisation?

*NASDAQ
*LSE
*NYSE
*BSE

5) Of whom did Shahrukh Khan once say that 'our figures are similar'?

*Pierce Brosnan
*Roger Moore
*Sean Connery
*Cindy Crawford

6) Who designs jewellery for the company called Artex?

*Sonia Gandhi
*Priyanka Gandhi
*Menaka Gandhi
*Uma Bharthi

7) What is a coin with a minting error called ?

*FIDO
*DIDO
*LIDO
*NIDO

8) What is the name of the new FM channel introduced by India Today?

*Road
*Run
*Red
*Fun


9) What is 'Agfa' the trade mark for?

*Cars
*Tyres
*Photo Goods
*Agriculture Goods

10) Which international airline uses the slogan "Smooth As Silk" in its advertisements?

*Cathay Pacific
*Singapore Airlines
*Qantas
*Thai Airways



answers................

1)Sony, it's name was a tongue twister to many and had to be ultimately changed.

2)Matiz

3)Reebok

4)NYSE

5)Cindy Crawford, in fact, both Pierce Brosnan and Cindy Crawford model for Omega watches.

6)Priyanka, her hubby Robert Vadhera runs the costume jewellery export firm Artex.

7)FIDO

8)Red, It was launched on June 26, 2002 with the punchline 'Red is in your Head'.

9)Photo Goods

10)Thai Airways



hope you enjoyed it..... see you all soon guys bye for now

dreamers will achieve...

hi friends... sounds silly.. but works well ...
i got a thought..

if we are going to start up a business after 5 years..
what should be our first step..
which business...
post your ideas....


by
raj..

India-managed assets to hit $1trillion by 2015

With lasting high economic growth, prominent international consultant, Boston Consulting Group, has estimated that India-managed assets would exceed $1 trillion by 2015 from its current level of $169 billion. The segments which will witness rapid rise in assets during the current decade include pensions (from $55 million to $220 million),domestic mutual funds ($70 million to $520 million), international funds invested in india($30 to $290), private banking including portfolio management services(($8 to $180 million),, unit linked insurance($8 to$40).

The banking industry particularly private sector and foreign banks are earning substantial fee based income by selling third party products.

BCG has suggested five measurs for asset mangers to seize the booming opportrunites in asset management sector. The asset managers have to beyond top eight cities, develop the international opportunity in retail as well as institutional segments, innovate with new products like gold, real estate commodities, address potential adjacent spaces in PMS, health MFs, optimise distribution channel and build global brand.

Mexican Mittal acquisition

Thousands of workers walked off the job at the Sicartsa steel plant, recently bought by Arcelor Mittal, in western Mexico on Friday to protest the arrest of a local union boss.
However, the union later said in a press release that Rodriguez, apparently accused of corruption, had been released in the afternoon and that workers could end their walkout within hours. Arcelor Mittal bought Sicartsa from previous owner Grupo Villacero for enterprise value of $1.439 billion in December.Sicartsa produces steel rod and wire used in the construction sector, which is booming in Mexico thanks to growth in low-cost home building. Last year, it exported about 20 percent of its output to the United States.Poor labour relations have plagued Sicartsa in recent years, with strikes in 2005 and 2006.Last year's four-month stoppage led Grupo Villacero to halt steel exports and say it was looking for joint venture and merger options. In April, hundreds of police, many armed, stormed a picket line at the Sicartsa complex, leaving two workers dead and dozens injured.

Welcome Address

Hi My dear friends, this is a new way to maximise and integrate all our efforts that we put into gathering information in the world of business. i would like all of you to make the best contributions to this blogsite. its all about sharing what we know with others. Gain and make others gain......... Thank You...... Bye for now guys......