Online Math Education Market

Distance mode of learning has become increasingly popular, around the world, in recent times specially in Mathematics Education Market. The flexibility in online course framework and course delivery, is one of the reason for that . At the same time , it is found that, the best possible means to scale the institutional delivery mechanism of Math education , From k-12 to higher education is also distance education.

This stands as true for the alternative of Mathematics Education too - like Vedic Mathematics and abacus. The distant education could provide a model for simple and complex alternative forms of mathematics education, necessary outreach. Further,this would increase the penetration of different forms of Mathametic education in different levels. The diversified effort on building a system , which can educate the mass on mathmetics , at the end would grow public awareness on the subject of Mathmetics. More people would have better means to calcualte, and improve there practical life scenarios.

Sabse Tez - The Bajaj Brand of fans

It is interesting how Bajaj builded one of the largest dealer network of fans . Fans is a product which has largely indifferent customers .The category is a low involvement category and the decision maker is usually the male head of the family. There is a widely held consumer belief, which was unearthed in a systematic probing of indifferent minds, through extensive research.However , Bajaj could understand this essential disadvantage of the category, very fast and create an emotional tune on its of Fan Product . What was the emotional tune ? It was keyword - " Sabse Tez"

This insight is that the fan that moves fastest gives the maximum air and hence induces maximum cooling and thereby gives the maximum comfort. As long as the body can ‘feel the air’ satisfaction is assured.

Bajaj Fans decided to capitalize on this core category benefit sought by the consumer and decided to position the umbrella brand Bajaj Fans as a range of “Subse Tez” or “Incredibly Fast” fans and hence a range with the highest air delivery. The “Subse Tez” tag line also made the fans being perceived as “Technically Superior”, which was an added consumer benefit.

Indian farmer is `powerful' only on paper and in official records ?

The Indian farmers mostly receives subsidized power . Further , there are some state like Tamil Nadu where the farm tariff was not charged and rural electricity was free.Then after almost a decade of high-level effort to bring the charges (tariffs) that farmers pay for electricity more nearly into line with the costs of supply.

India has barely made a dent in the longstanding and increasingly uneconomical practice of subsidizing power to agricultural consumers for irrigation. Progress has been slowed by the understandable but misplaced concern that higher tariffs would harm farmers--and that the injured parties would take political revenge on the reformers. .

The costs--in power outages, damaged pumping equipment, irrigation foregone because of power losses, distorted investment patterns, among others--exact a heavy toll from ordinary farmers. In the form of deficits, the subsidies also sap state budgets of funds that could otherwise be invested in rural infrastructure, extension services, and advanced agricultural technology. As unrecoverable costs, they starve suppliers of funds for maintenance and improved service. On the other side of the coin lie the benefits that reliable flows of power and good quality of other electricity services could deliver to rural India.

The system by which the agricultural power consumption is measured by State Electricity Board (SEB)rural creates inflated consumption figures.Much of the power consumption goes on the heading of Agriculture is not actually consumed by the agricultural community . Besides ,this unused power by agricultural gets routed to the hookers and other malpractioners who draw the consumption will illegal means.

Despite of this the nearly Bankruptcy situation of the State Electricity Boards, which are said to be the side effect of Subsidized agricultural consumption which is far from truth .

The Corporate Procurement Process

The Corporate procurement process has largely grown these days into a complex sales process involving multiple stakeholder . At the same time , the process is very competitive too and require as much efficiency and diplomacy, as it would require in executing an foreign policy. So there has to be complete understanding of the multiple stakeholders along with the competitors and how they are engaging themselves in order come out as a successful bidder.

Business Reforms

There is a need to promote reforms that support private sector development. Drawing on our knowledge of best practice, we provide advisory services on reforms to clients in the public and private sectors in developing countries. Depending on the specific priorities and needs of the local private sector, we target the most critical areas affecting local businesses, such as burdensome business regulations, and bring small businesses into the public-private dialogue.

Allindialive aims to be a knowledge center in the area of implementing business environment reforms. We collect, summarize, and analyze various data on the successes and failures of business environment reform efforts, and develop practical guides for designing and implementing these reforms. We are currently focusing on business registration, business licensing, business inspections, municipal simplification, corporate tax administration, export/import procedures, building the capacity of business membership organizations, and alternative dispute resolution.

How to create enthusiasm in SME Ventures

Small and medium-size enterprises, especially in developing countries, are a dominant part of the GDP of a nation, and employ a large part of the population. SMEs provide flexibility to the economic structure of a country, and often respond to market needs faster than larger enterprises can. From a developmental perspective, the SME sector is widely recognized as essential to economic growth and poverty alleviation.

Despite the growth and development potential of the SME sector, however, much of this market remains untapped by financial intermediaries. In fact, a recent World Business Environment Survey conducted with 4000 firms in 54 countries showed that SMEs cited inadequate access to finance as their primary constraint. There are several reasons:

• Financial institutions—especially in developing countries—lack reliable information about SMEs;
• Transaction costs of funding SMEs given the smaller value per deal, are too high;
• Lenders are uneasy about the risks involved, or fail to see quality in small portfolios;
• Sometimes SMEs do not have adequate collateral.
  

Given these constraints, in a traditional relationship lending or corporate lending environment, the SME sector has not been profitable to financial institutions.

The advent of new technologies has changed the competitive landscape, and offers an opportunity to: reduce transaction costs; improve credit risk management capabilities; increase volume of investment in SMEs; introduce a range of additional financial services (for example, payroll processing, receivables management, and supply chain distribution); and access broader markets. By shifting strategy from "relationship" lending to a "mass-customized" approach, financial institutions can capitalize on these technologies and make profitable inroads into the SME sector.

The five key operative components required to develop a strategy for SME finance:

(1) conducting market research;
(2) developing products and services;
(3) strengthening delivery channels;
(4) improving information infrastructure;
(5) addressing policy and strategic challenges.

Once these kind of focused activity could be carried on then there would be lot of enthusiasm on SME ventures too.

SMEs Redefining Innovation

Innovation sometimes looks like, not invention , but using the existing ideas on new context. In fact, these is how a lot of our ancient wealth of knowledge can be redefined and brought to new context. Indian Entrepreneurs has shown how traditional Indian knowledge's and practices can be put into new context.

Recently in New Ventures Investor forum there was banana-leaf materials, light posts, and packaged Indian foods. These were some of the offerings on display by entrepreneur finalists. Only the banana leaves were fashioned into modern kitchen ware, the light posts were solar powered and the traditional Indian foods were harvested under an organic, fair trade system designed to exceed the most stringent international standards.

Span Pump’s water pump Witness the example of Span Pump, a company that adds a carousel or see-saw component to the technology of the many water pumps that dot India’s rural areas. These “Funflow” pumps build upon conventional technology to create a device that harnesses the energy of children at play to pump water for sanitation and agricultural purposes.

Span Pump is just one example of the modern-traditional innovations on display at the Forum. Others included bikes by Kabirdass which mimick the two-wheelers that are ubiquitous in cities like Bombay, but with electric, zero-emissions motors. Ankur Scientific presented power plants that utilize the jatropha weed, common in rural India, as a fuel source. Each SME taps into Indian traditions and practices of water management, agriculture, and other knowledges.

These companies are far from just feel-good projects - they are increasingly being backed by mainstream investors.

The challenge for India now is to support enterprises like these New Ventures finalists that are applying their business skills to connect traditional Indian knowledge and technologies with high-growth markets for sustainable goods. Investors are showing interest, and the ideas are everywhere amid India’s thriving entrepreneurial ism.

These entrepreneurs should be showcased and mentored properly in order to drive a new order of Indian entrepreneurial growth.