Wednesday, September 10, 2008
Particle physics to Business Continuity planning
Though there is no such devastating natural calamities as thought by some people , however there was a strong earthquake in Iran, around the same time. Perhaps it could have no relation with the experiment .
Not much is known about the 'Higges boson' known as God's particle and the field it creates. Getting more clarity on the Higges mechanism was the principle objective of this large scale research .
But what if there are more dimensions then are our regular conception of 3 dimensional space backed by one dimensional time . Scientist expect to find new dimensions also, when this subatomic particle meets in the speed of light . If that dimension , is non-local, then obviously there can be effect of such experiment into geographically distant zones , where strong evidential relationship could not be found.
At times , I have seen these same phenomenon while developing a Business Continuity plan. There might be datas which are entitled into two seperate categories, and who don't have any oppurtunities to establish any kind of formal relationship . Still ,all of a sudden , when our Business intelligence moves in higher plane, the relationship which is so uncommon ,looks very common . This is the starting point of innovation, where a Entreprenuer gets a intuitive revelation to work in a vision which apparently looks impossible. A new pattern gets created in a disruptive fashion. That is somewhere , a relation could be found with the act of Business strategising, and finding substructures of subatomic particles alongwith thier interplays.
Sunday, September 7, 2008
Strategies and tactics : How they differ ?
1.0 The Difference of Strategy and Tactics
Strategies are different from tactics . One is more holistic in nature and the other is reductionist. The most important differences of strategy and tactics are given below :
1.1 Strategies are proactive and tactics are reactive.
1.2. Strategies are internal in source and the business venture has absolute control over their application.
1.3. Strategy can only be applied once, after that it is process of application, with no unique element remaining.
1.4. The outcome is normally a strategic plan which is used as guidance to define functional and divisional plans, including Technology, Marketing, etc.
2.0 The Content of Strategic Planning
Strategic planning is the formal consideration of an organization's future course. All strategic planning deals with at least one of three key questions:
2.1 "What do we do?"
2.2 "For whom do we do it?"
2.3 "How do we excel?"
The most important aspect of strategic planning in Business is how do we beat the competition.In many organizations, Strategic plan is viewed as a process for determining where an organization is can survive competetion the next year or more -typically 3 to 5 years, although some extend their vision to 20 years. In business lingo this is referred as Sustainable Competitive Advantage.In order to determine where the organization is going, the organization needs to know exactly where it stands, then determine where it wants to go and how it will get there. These analysis is the pretext of resulting document which we know as "strategic plan".
Saturday, September 6, 2008
Types of Business Plan
1.0 Externally Focused Plans
Externally focused plans target goals that are important to external stakeholders, particularly financial stakeholders. They typically have detailed information about the organization or team attempting to reach the goals.
1.1 For Profit
With for-profit entities, external stakeholders include investors and customers.
1.2 Non Profit
External stake-holders of non-profits include donors and the clients of the non-profit's services.
1.3 Government
For government agencies, external stakeholders include tax-payers, higher-level government agencies, and international lending bodies such as the IMF, the World Bank, various economic agencies of the UN, and development banks.
2.0 Internally Focused Business Plan
Internally focused business plans target intermediate goals required to reach the external goals.
2.1 Revamping Systems
This business plans may cover the development of a new product, a new service, a new IT system, a restructuring of finance, the refurbishing of a factory or a restructuring of the organization.
2.2 Reviewing Performance
An internal business plan is often developed in conjunction with a balanced scorecard or a list of critical success factors. This allows success of the plan to be measured using non-financial measures.
2.3 Strategic Plans
Business plans that identify and target internal goals, but provide only general guidance on how they will be met are called strategic plans.
Friday, September 5, 2008
East Indian SME's
The entrepreneur and their SME's constitute an important part of the economy of
Given the critical nature of the entrepreneur to this region's economy there would be following measures taken to encourage the local climate of innovation.
1. Small Business and Entrepreneurship training institute should be started where grass root entrepreneurs can learn the basic business skills.
2. Government should help to encourage credit and lending for start-up companies.
3. Intellectual Property Rights (IPR) should be promoted and protected.
4 Red-tape should be reduced, single window system should be introduced.
5. Foreign investment should be facilitated; small companies can be service providers to foreign companies.
6. Infrastructure, connectivity enhanced.
7. Entrepreneurs should have facilities that can they rise up after failure . For this purpose,there is a need of
restructuring Bankruptcy laws .
8. Government should encourage entrepreneur to start export oriented units and provide necessary support in case
they where subject to Bad debts.
Thursday, September 4, 2008
Business Formulae
I think,that is the Journey of Business , from idea to implementation.
Wednesday, September 3, 2008
Why do you need a Business Plan ?
Planning helps to focus and set the priorities right . Often, we find that startups gets overwhelmed, with issues popping one after another . That is where we need a plan, to keep ourselves focused and not get carried away.
Here is how a business plan helps
1. Creates focus in your mind .
2. Helps to define priorities
3. Take rational decision
4. Present the Business to different stakeholders
5. Have the grip in the Cash Flow of the Business
6. Rope in partners, investors , critical employees
Yes .. you need a plan in this complex economic structure of the globalized world to make your business successful .