Category Archives: My Observations and thoughts

The learning from the Warren Buffett investment strategy
My Observations and thoughts

The learning from the Warren Buffett investment strategy

The learning from the Warren Buffett investment strategy
Warren Buffett is a role model for most of the investors or beginners of investments. Most of the people try to find his investment strategies or tips to be success. But most of the beginners want to get immediate capital gains on their investment.
This is totally different strategy of Warren Buffett.
What I learn from Warren Buffett.
Invest for Long term
Warren Buffett is always prefers to invest and hold for long term than the short term profits. Specially when his investments are reaching a higher gains in short terms even, he hold those stocks rather than to exit those and enjoy profits.
He believe the market is the friend of him, as he often says if your treat your friend nicely he will treat you nicely.
Don’t worry about short term Fluctuations
Don’t worry about the short term market fluctuations, every business have an up and down with seasons, so don’t go with the seasonal fluctuations and confused with your investments. Better wait for long time, and see fluctuations and take decisions on it.
Buy good business not stock
Warren Buffett prefers to buy business rather than stock. He mainly focuses on the business management and companies’ financial health. Before he invests, he mostly consider about the business rather than the stock fluctuations.
He practices to buy the stock at the lower or reasonable price.
Buy the business the industry you can understand
This is Warren Buffett common understanding, such to invest the known business and the known business growth for long term. By knowing the company background and financial futures only help the investors to make sure the investment to be valid.
Warren Buffett ignore to buy Technology Company because, he couldn’t understand the long term business perspective of technology.
Better not to be an active trader
Warren Buffett always prefers to not to be an active trader, the active trader is only focuses on the short term investment rather than the long term capital gains.
And active trading is a costly approach and high brokerage payments. Rather than be more active trader and spend lots of money on it, better to be inactive trader and focus long term.
Don’t over diversify
Warren Buffett advises to have small number of diversification in investment. Better to have a range between 5 to10.
Better the short list of diversification is good to be having focus on it. By evaluating the correct business and invest of long term, needs not to be disturbing the focus.
Market is your friend
Warren Buffett often says market is your friend, so better to deal with the friend nicely and not disturbed too much. While we understand the market and focus long term, the friend with you for long term and make your portfolio to grow.
This is the investment tips of the warren Buffett as well..

Designated Smoking Area
My Observations and thoughts

Designated Smoking Area

Designated Smoking Area
Introduction
“Smoking lead to Cancer” even it’s printed in Cigarette Packs, the total Consumers of Cigarettes are increase by year and year.
Srilankan Government introduces many regulations to reduce the Cigarette consumers, but Ceylon Tobacco is the company is always awarded’ better co-operate responsibility award’. And The Ceylon Tobacco is the only monopoly in the market to producing Cigarettes.
Smoking and Regulations
The government was implement regulations to the Smokers, not to smoke in the Public Places. But special instructions given to hotels and restaurants, allocate separate place to smoker.
After implementations it was bit effective for short times, later smokers are freely smoke as their wish,
Designated Smoking Area
But unfortunately I have seen specific place which allocated to smokers, but most of the smokers are smoking in their table.
While asked to the owner or manager of the Restaurant, he says most of illegal Smokers or Drug users using that’s room. That’s why the restaurant management decides to close that room.
Practical Difficulty of Designated Smoking Area.
There are some practical Difficulties to implement the new systems, the better way of reducing the smokers are by increasing the taxes on cigarettes and sub drugs.

Can Africa Success?
My Observations and thoughts

Can Africa Success?

Can Africa Success?
Introductions
When anyone says Africa, we think the Poverty and Political Conflicts. But Africa is Icon for tourism and the wealth too. Most of the people in Africa now understand the needs of Education and Economic Development.
Education Opportunity
The Africa Continent is mostly known as black Continent of World, but most of us haven’t seen the real picture of Africa. Most of the Africans are empowering now, and re-boost their economy via the personal representation.
Most of the African Countries have natural resources in it. These recourses are attracting the foreign investments the same time Political Problems too.
The recent development in Africa is considerably better than other regions of South America. Specially the African’s are understand the needs of Educations, Empowerment of youths, Empowerment of Women and Human rights and understand the world changes.
Sad Story of African
The sad Story is where the African’s who live in Europe or USA and all over the world, is reluctant to help their home land. If the USA based Black Americans help to Africa, the Africa can be a powerful Continent in the world or at least to self sufficient their needs.
I personally feel the Black Americans or Europe based Africans are happy to enjoy their freedoms and Economic wealth, rather than help their home land to enjoy the same education and economy.
The worst case is the South Africa [one of the African Country] the country enjoying the benefits of Economic wealth and educations, But they are not support any other countries to develop educational standard or Economic achievements.
Can African Success?
My current answer is YES, if anyone asked me three month ago I might says NOT.
This is because I knew some of bright sign from Africa Development.
This 21st century Africa can develop their self sufficiency and be leader with the educational Developments. India is a great example for Africa to Learn.

Necessity of Individual Revolution
My Observations and thoughts

Necessity of Individual Revolution

Revolutions mean a fundamental changes or structural changes.
Every individual should have a skill of be differentiating form others, the individual who think differently are only, achieve their targets or objectives.
Individual characteristic for revolutions
• Better inter personal skill
The interpersonal skill is made differentiate each others,
Such as the way of speck, way of behave.
• Vision and objective
The individual should have a vision and objectives to achieve. The individuals should adopt the uncertainty and developed his or her objectives.
• Direct view
The person should have a direct view in every activity he or she carried out. They should know about the clear focus in their future.
• Supportive
The individuals should be supportive of any actions carried out by his follows or team member. Specially he or she should develop his skill as mentor for them.
• Educate and communication
The individuals should communicate easily and educate others what he know,
• Positive thinking
The individuals should have a positive thinking; the positive thinking is feels, the impossible targets also to be possible.
• Planning
The individuals should have a planning skill; most of the successful leaders are allocate their 5% of their time to be planning their actions.
• Self motivations
The self motivation is important to developed his or her personal charismatic to develop,
Telling his or herself i am the winner. I am the champion.
• Understanding the failure
To understanding failure means know the possibilities of failures and the acceptability of failures.
Most of the leaders who achieve their objectives have most of the above skills, everyone knew their future is different from others, because they think differently and act differently.
Saddam Hussein, Fidel Castro, Che, Ambani, Joseph Stalin, APJ Abdul Kalam, Gamal Abdel Nasser Hussein and so on…
Therefore individual revolution is an important to individual who want to be different.

Ceylon Tea or Srilanka Tea
My Observations and thoughts

Ceylon Tea or Srilanka Tea

Introduction
Srilankan Tea is well known as ‘Ceylon Tea”. The Ceylon Tea is a one of the most selling origin tea.
Ceylon Teas are most forums for Aroma and the unique blend. Approximately 25% of the world population is preferred tea as a Beverage.

Types of Tea
• Black Tea
• Green tea
• Silver tips tea
• Golden tips tea
Grades of Tea,
• BOP – Broken Orange Pekoe
• BOP sp – Broken Orange Pekoe Special
• BOPF – Broken Orange Pekoe Fannings
• FBOP – Flowery Broken Orange Pekoe
• FBOPF – Flowery Broken Orange Pekoe Fannings
• OP – Orange Pekoe
• OPA – Orange Pekoe A
• OP1 – Orange Pekoe 1
• BP – Broken Pekoe
• DUST
Packing
The Packing are varying based on the buyers’ requirement. But most of the companies are following the blow packing.
• Bulk packing
• Packets
• Tea bags
• Bottles
• Tins
• Wooden Boxes
• Gift Packs
• And other Special designs,
Certificate Required for Exporting
The Exports basically need some more quality consideration in production of tea. Most of the Indian and Srilankan Exporting Companies need the following certificates to do the export markets
• Country Origin Certificates
• HACCP – Hazard Analysis certificate, it’s essential for Quality Measures.
• Health Certificate – issued by Health Ministry.
• Insurance Policies.
• Inspection Certificates SGS or Intertek
• ISO 22000
• Europe GAP[ Generalized System Preference ]
• Analysis Certificates
Source of tea
The Tea using for the export or domestic market needs to buy from the Auctions held by Tea Brokers. Approximately 80% of tea is directly coming to the auction and sell to the tea exporting companies or domestic sellers.
Tea related Organizations in Srilanka.
• Srilanka Tea Board
• Tea small Holders development authority.
• Tea association of Srilanka
• Colombo Tea Traders associations
• Colombo Brokers Associations
• Tea exporters associations

The Key words in Exam Questions
My Observations and thoughts

The Key words in Exam Questions

The pass or the failure is depending on the answer of the questions; to understanding the question is necessary to understand the question,

Therefore it’s important to understand the key word or Critical words using in question paper ,

Here are some examples,

List
If a question asks to list down the benefits of ERP, the student should list the Benefits of ERP. In this question, Definition of ERP is not needed. Only marks will provided for listing the points.

State
When question has key word of State, the student should clearly explain the requirements and the facts to supporting to their points.

Define
This is where students need to define the words what require by examiner marks allocated only for defining.

Distinguish
The student needs to highlights the difference as their requirement. Point outs of the clear differentiation bring marks.

Explain
Student needs to provide clear meanings of their requirements,

Identifies
This is where students need to recognized or identified the necessary information from the case give,

Illustrate
This is where students ask to explain their points with the real case examples,

Apply
Students need to be using the practical situation to answer these questions, specially applying theories to Practical situation.

Calculate
Requesting to mathematical calculations,

Demonstrate
Students requires to provides a practical meanings or practical applications on that,

Prepare
Students ask use the given approaches in questions,

Solve
Student asks to find an answer for it; marks are base on their arguments,

Analysis
Examining the given details of given information,

Categories
Students asked to explain the divisions or classifications of it,

Compare and Contrast
Students are ask to show similarities and differentiations of its,

Construct
To building up the arguments,

Discuss
Detail arguments of the given information,

Interpret
Explain in familiar terms,

Priorities
Answering in order, placing the orders in the answers,

Produce
Create Arguments,

Advise
Students ask to counsel based on give case,

Evaluate
Making discussion and recommendations

Recommend
Students ask to give a recommendation for the give case or the problems.

How to Pass Exams
My Observations and thoughts

How to Pass Exams

How to Pass Exams
This is a most of the student questions. Whenever the students are facing exams, they want to know how I can pass this exam.
Most of the examiners are answering this question each and every Paper Reviews, their recommendation is
“Answer the Question ask”
When a student sees this answer from the examiners, student feels their examiners are playing fool with them, but the real case is that’s the obvious answer for how to pass the exams.
Student’s common mistakes in reading questions
• Read the question without understanding,
• Read the question based on their know knowledge basis
• Not to understand how many Sub question in the questions,
Therefore students are always instruct to do the following methods to pass their exams,
• Read Question Carefully
• Understand the Question with their Syllabus area.
• Identifies how may Sub Questions are available in Each questions,
• Analysis how many marks are allocated for each Sub questions,
• Identifying the time Allocation for each sub questions,

Most of the Students made mistakes on Understanding the question request by Examiners. Therefore each student has responsibility to understand the differentiation of key Words of the Questions.

Lack of Resource Utilization
My Observations and thoughts

Lack of Resource Utilization

Lack of Resource utilization
Introduction
The resource utilization is an important activity for every organization; to achieving their financial or non financial objectives. it’s necessary to use the available resource in maximizing benefit.
From single entrepreneur to multinational organizations are use their available resources to value added to their businesses. If anyone fail to use their resources to maximize benefit, it’s because of lack of the knowledge of resource utilization or unidentified their resources correctly.
The following example is my observation, and it’s not against to any businesses.
REHRM INTERNATIONAL [PVT] LTD.
The above photo I have taken in front of the Armour Street Bus stand. This is one of the bus stand, which people mostly use, for a minutes more than 300 vehicles may traveling this road. Therefore the business in this road is using their shops or show room as advertisements as well.
When I see the above mention shop I couldn’t able to see a any value addition to their display of their good.
I feel this shop has founded the value of resource but not willing to maximize it, for Support my arguments,
• The name board of the organization and failure of maintenance.
This is a lack of resource utilization, even they understand the need of name board but reluctant to maintain. This activity may lead the consumer to feel the relevant organization’s services are not up to the standards.
• Lack of maintenance of displays,
If you see the above photo can be understand how they display their product. This leads the customer or consumer to dissatisfied their service,
The customers should be initial attract; if the organization fails to achieve their objectives.

• Lack of the massage given to public,
Their name board mentions they are selling the Cotto Tiles and the Cotto Sanitary ware and hardware. But as a public that was the first time I heard the name of the tiles and sanitary ware and hardware. Their marketing and the promotional activities are the lack of knowledge and lack of resource utilizations.

• Lack of understand of the integer designs for marketing,
The integer designs are very important to a organization to be maximize their land or building to develops as a brand name. These costs are once in happens and will leads a huge benefits to the organizations for long times.
How to maximize the resource utilizations
• Initial attractiveness to the consumers.
The initial attractiveness will help for an organization to create a new profitable customer based. Most of the businesses are very careful about their front line office or customer care officers. Because it’s one of the a critical success factor for them.

• Well maintain displays and the integer designs
The displays and the integer designs are very important to attract the customer to made initial impression about the product or service and organization. Specially integer designs are huge participation of the better display tracts in practices.

• Spend a bit of money to initial impression and the attracting new customers.
These expenses are long-term investment in promotion activities. This will help for maximizing the resource unitizations and maximizing profit making abilities to the organization.

Conclusion
It’s important to organization to be providing a good service to the customer and value added their purchases and be value for money.

If not all theses marketing expense are valueless…

Best Place to Advertise in Armour Street
My Observations and thoughts

Best Place to Advertise in Armour Street

Best Place to Advertise in Armour Street
The Armour Street bus stop is most famous for stopping buses for long time. Especially bus routes of 155, 176 and other long trip routes are using this bus stand for take in and out the passengers to their buses.
As a regular passenger of bus route 155, I found it’s unconvinced for all passengers; the buses are stopped for next bus to come. But I have seen there are some of advertising boards which represent their brands and their messages,
Such as Coca Cola, Airline passenger services, Airtel, Dialog and so on.
All the banners and boards are targeting to the passengers to view. But I personally felt those banners and boards are not viewed by most of the passengers.
The reason is not an exact place they advertised. I found a place, which is mostly view and unused for any businesses.
From the one side of the road to another side of the road there is an apartment. The apartment back wall is facing to the Armour Street. Every house there has windows in their back wall. Therefore no one was trying to do an advertisement in their walls with negotiating with them. Those walls are really excellent place to be advertised a branded products which made more familiar to the brand,
Advantages of using that space,
• Direct view to all buses which stops in Armour street bus stand. Therefore the number of viewers will be higher,
• It may be a cheaper advertisement opportunity to follow and cost benefits
• Easily to get thing done from the resident in the apartments
• Using the all the available space in those full building, may lead a huge advertisement to the branded products
• Development of the positioning image.

Disadvantages of that advertisement
• May be a problem to negotiate the residents
• May replace their window by providing some additional facilities to get sun light to their homes.
• Question of the long-term agreement with the residents
• If the bus route change, its became a uncover addition expenditure.

But whoever take risk enjoy benefits. Its common rule is for business.

Defences Against Takeover bids
My Observations and thoughts

Defences Against Takeover bids

Defences Against Takeover bids
When a company bid to a target company the following techniques use by Target Company to against their takeover bids.
Before the bid
• Effective communication with share holders
When a target company gets to know there are going to bid by other companies, the target company will start the effective communicational with shareholder to not to sell their shares to others.
• Poison Pills
This is where the target company issues bonds or preference shares which can be convert as an ordinary share at the takeover points. This technique is use to threat the bidder to spend much more for acquiring the target company.
• Shark repellent super majority
This is usually happen to the target companies. This is where change articles of association to very high percentage of shares approve an acquisition or merger.
For example
Convert the 80% of share approvals to acquisition or merger.
• High assets value
Revalue the fixed assets value and show the companies true value to the acquirer.
After the bid
• Rejection letter
When a target company received the bidders offer document, the target company must reply to the share holders within 14 days. The letter should Constant the position of the organisation and what are they going to do feather.
• Profit forecast
The target explains their profit forecast to the stakeholders and says their expected returns in future as this.
This forecast should be a viable and achievable to the company, if not its create the company value feather less than now.
• Attacking to bidder
This is where typically evaluate the bidder’s strategies and the financial source and attack back to the bidder.
• White Knight
Bring a favourable investor or a partner to counter bid to the original acquiring company.
• Regulatory protections
This is where the target company seeks the government intervention to the takeover bid and announce as takeover is not possible due public interest.
• Advertising campaigns
Create a high level of advertising against to takeover bid and use that advertisement to show their power to all stakeholders.

Public Private Partnerships
My Observations and thoughts

Public Private Partnerships

Public Private Partnerships
The Public Private Partnership is where a government organization gets together with private partnerships.
The private partnerships can be stoke exchange, or joint ventures, venture capitals, organizational Partnership and any other private source of funds.
This partnerships are creates a strengths and weaknesses.
Advantages or Strengths
Advantages or Strengths for Government entity to jounce hand with Private Partnership
Funding options
This private partnership will be a source funding to government origination.
High technology involvements
This leads to introduce new technology to be economic and efficient
Cooperate knowledge
The private partnerships may come with the excess of cooperate knowledge, which will success their operations.
Improvement of the service quality of staffs
The private partnerships will expect to improve the staff’s efficiency, and reduce the operating cost.
Advantages or Strengths for Private Partnership to jounce hand with Government entity
Easy to enter the market
The government support will help to enter the market in the country or specific business industry.
Special tax exemptions
For the government partnership some governments are allows the tax exempted for certain time period.
May support to bank loans at special rates
If the government jounce hand private partnership for knowledge, than government provides special bank loans with lesser interest rates.
Brand name
Depend on the brand name ownership this partnership will help to develop their product or service widely.

Disadvantages or Weaknesses
Disadvantages or Weaknesses for Government entity to jounce hand with Private Partnership
Lost the purpose of public entity,
With the private partnership the public sector will lost their main objective of serving to the general public.
Misuse of the government supports
The partnership company can be misuse the government support for some of their other businesses.
The influence of private partnership of setting the prices,

Disadvantages or Weaknesses for Private Partnership to jounce hand with Government entity
Too much of political involvement
The too much of political involvement will lead to unsuccessful of the business entity.
Government policy changes and the regulations
After sometimes it’s difficult to be operate with new policies and the regulations passed by government
Government stability
The operations should have a proper mission and vision to be continuing. It should not effect if the government changes.
Rules and regulations for taken back their investment or their profits.
The rules and regulations should be understandable to how to exit from the partnership or how to take their income to their country.
May lose of brand name, if the process is fail.
If the project is fail, the private company may have chances to lose their brand name in their home market.

Merger and Acquisition [M&A]
My Observations and thoughts

Merger and Acquisition [M&A]

Introduction
Merger define as “where two companies have agreed to integrated operations and as emerged to a new company together”.

For example:-

A company A and company B merger and create as a new entity of company C. in the same time company A and B also Exiting their businesses.

The acquisition is where to define as “this is where a company[X] purchases another company[Y] and be identical as same as before[X]”.

For Example:-

When company X Purchases the company Y and be company X. after the Acquisition there is no company Y to be Exiting.

Reasons for Acquisitions and merger
The synergy effect
Combination is creating greater value than individual.

Economies of scale
The combination will lead to reduction of cost through the rationalization of functions.

To increase market share
Combination leads to lager customer base, and reduce of competition due to synergic effects.

Tax benefits
The firm can claims tax reliefs for a group. [When the acquiring company is in loss position its help the acquirer to claim as tax benefits for short time]

To take advantages of other firm
Its help to improve the technical, management expertise is combining to build a more efficient and competitive advantage.

Utilization of surplus cash
Its help the merger or acquisition to use the surplus cash to the investment opportunity.

Problems with merger and Acquisition
Lack of goal congruence
The merged organizations might not have a clear direction with regards to their strategies.

Over Valuation or Under Valuation of new company
Some cases paying over value and acquire the company may not getting their expected value for their investment.

Purchase of cheap company
Buying a company when it’s available to cheaper rate, but sometimes the company brought may not related to the company’s operations.

Purchase made diversified risks
To been diversified in to too many businesses may lead lost the brand name or the total value of the company.

Improper management of post acquisition or post merger,
After the merger or acquisition the companies may feel it’s not run properly or as their expectations.

Financial options of Acquisition or merger
Payment through cash
The payment through the cash is not practically follows because of shortage of cash [liquidity]. But only benefit of payment method is to getting maximum benefits of acquisition or merger.

A Share exchange
This is where the exchanging the acquirer company shares instead of acquire company shares. This approach is dealing without any cash transaction. But while the time existing shareholders of acquire company enjoy the ownership undisrupted.

Conclusion
In practical situation of the merger and acquisition are fail of 95%. Because the mergers or acquisitions are may not according with the organizational mission and vision statements. When the understandability and sharing the information’s within the merger or acquired companies not efficient the chance of failure is high.

In practical the financing options are not purely cash or shares. It’s happen with mixing percentages such as 50:50, 40:60 or 60:40.

Therefore the merger and acquisition companies should understand “their purpose of the business and what business are they in?”

Rational Planning Model [RPM]
My Observations and thoughts

Rational Planning Model [RPM]

The rational planning model is a model commonly uses for the business evaluations and strategic decision making purposes. Specially in CIMA examination focus rational planning model as a critical subjects for management students.

But there are only few points to be remembering for rational planning model. The subject of Enterprise strategy [E3] and enterprise management [E2] are mostly focus on rational planning model.

Its containing of

Mission and Objectives
Position Audit
Environmental Analysis
Co-operate appraisal
Strategic option generation
Strategic option evaluation and choice
Strategic implementation
Review and control
From review and control again continues with position audit and the environmental analysis.[its repeat the same process again and again]

Mission and Objectives
The mission and objectives are related to create the mission and objective of the organisations. When making the mission and objective the following should be considers,

Importance of Stakeholders and stakeholders power and interest
Key players, keep satisfied, keep inform, minimal efforts.

Cooperate social responsibility[CSR polices ],
Critical success factors [CSF].
Setting objectives for profit making organisations and non profit making organisations.
Environmental Analysis
The environmental analysis is analysis of the environmental factors how it’s help or affect the business environment. This is fully depending on the risk profile of the organisation.

Importance of business environments
PESTEL or PEST approach and Michel porter 5 Force theory,

Competitor analysis and reactions,
Environmental uncertainty,
Domestic and international environmental affects.
Position Audit
SWOT analysis,
Strengths, weaknesses, opportunities and threats.

Value chain analysis,
Primary activities and the secondary activities, how its help to identified the position of organisation.

Benchmarking approach,
Gap Analysis,
Scenario planning.
Resource based positioning.
Most of the positioning approaches are help the organisation to identify the internal capabilities of the organisation to develop their strategies.

Co-operate appraisal
The co-operate appraisal is a gathering point of the mission and objectives, position audit and the environmental analysis.

In the co-operate appraisal the organisation considering their internal, external factors are according with their mission and vision statements. After the success of elevations, it will lead to strategic option evolution level.

Strategic option generation
The strategic options are a pool of options. These options are indentifies and suggested by the different levels of management and the individuals. The collections of the strategic options are evaluated by the senior level management before it suggested to the top management to decide. Therefore the strategic options should be very carefully evaluate according to the mission and vision statement.

Strategic option evaluation and choice
It’s the level to evaluate the strategic options collected by the above stage. It’s should consider the following approaches,

3 generic strategy of Michel porter.
Cost leadership, differentiation and focus.

Ansoff’s Matrix,
Market development, product development, penetration and diversification.

Alternative growth approaches,
Internal approach and external approach.

Options for non profit organisations.
Evaluations,
The strategic option evaluation activities are to select the suited strategy rather than best strategy.

Strategic implementation
The implementation of the strategy is like the project planning approach. This implementation activity is shown a success of the position of the chosen strategy.

Performance measures of the strategy,
Key mile strong and gates,
Financial evaluation of the businesses.
Value addition of the strategy,
There are not specific approaches to elevate the strategic implementation; the success in of the implementation will depend on the success of the project completions.

Review and control
The review and control is an activity of the evaluate the strategic decisions are following the basis of mission and objectives or not,

Comparison between the actual performance and the expected performance.
Alternative approaches for proper control mechanism,
Budgets and the performance,
Stakeholders satisfactions,
Needs of the amendments or adjustments.

Conclusions
The rational planning approach is continues process. The same steps are moving again and again, which develops to the organisation to be efficient and effectiveness.

Hospitality Management [& Studies]
Degree Programmes

Hospitality Management [& Studies]

The hospitality management is define as “the management involve with the hospitals management”. The hospitality management is not different from the business management, but the hospitality management more concern about the relationships and marketing with management backgrounds.

The hospitality management is focus on
Hospital Administration
Accounting
Finance
Marketing
Information technology
HRM [human resource management]
Strategic decision making
Quality controls
Public relationships
patient care
personal care
basic first aides
I have seen some small level hospitals in the market which suffering because of lack of management skills. Some of the semi government hospitals also suffer sick of lack of management[Hospitals].

I have a plan to takeover such lose making hospital ventures and developed accordingly, I have target a hospital which providing a worst service now[hope until i buyout],

These are some strategies to Run A Successful Hospitals to be
Providing an of the excellent services,
Hospital is a place where earn through service they provides, the services are depend on the panel of the doctors and the board of directors. Most of the time people scold the hospitals are earning through get fear to the patient. But the reality is the hospital business is a most reputed business than the other businesses.

Excellent patient care,
The Patient care [customer] service is a key success factor of the business.

Panels of doctors,
The panel of doctors are also a main pillar of the hospitality business. The specialized and the patient friendly doctors are having a good demand for their consultancy services. The qualifications of the doctors also value added to the hospitals to build their brand name.

Affordable charges,
The fee collecting from the patient should be a sensitive factor in hospital businesses. The hospital needs to develop a good names and capture the minds of customers,therefore they should charge lesser rates in initially.

This is a part of relationship marketing, to reduce the profits in first few arrivals and make them to feel the hospital is friendly service, therefore the money loose in the patients can collect thorough their developments of customers services.

Long term strategies,
The strategies to develop a long term business plans, than the short term focus. The short term business plans will show good profits in initial stages but in future is questionable about their success.

The future plans should accordance to the mission and vision statement of the hospital.

Skilled supportive staffs,
The skilled supportive staffs are also a pillar of the successful business. The quality of services by the support staffs are added value to the hospitals and make the patient to feels free.

Locations
The location is an important factor of the business. Especially the hospital should have an easy access to the location. The location also is a peaceful and the widely available of transportation facilities to reachs hospital easily.

The ward facilities,
The ward is where the patient stays and getting the medical assistance. These ward facilities are necessary service to the patients.To be successfully to provide service of 24 X7, the ward facility is important to be access.

Track record of the services
The track records of the services important to be maintain their standards and the levels of business.

Level of acceptance of the standards and regulations
Some of the standards are optional to follow to provide a good service to the patients. The level of the acceptance of the requlations and standrads are the critical success factor of business.

The success of the hospitality is depending on the success of the capturing patient minds, and how fast the patient gets their good health backs

Is Litro gas [Shell Gas] can successful in future?
Business News

Is Litro gas [Shell Gas] can successful in future?

Today November 03, 2010, the shell Gas Lanka signed an agreement with Srilankan government to sell 51% of shake for US$ 63 million. While the government gets the power of control, its change the name of Shell Gas Lanka to Litro Gas.

As management student I am analyzing the usefulness of the brand name changes,

The Strengths’ of the new Brand name [Litro Gas]

Widely distribute Litro Gas in overall Srilanka with more distributional centers,
New pricing strategy and possibility of reduction in Gas Prices,
Be monopoly distribution in Gas at affordable price,
Providing a better management style as the locals need,
New marketing strategies,
Loyalty service from the government services,
Special regulations for price setting and avoidance of less sudden price increments,
Weakness of the new Brand name [Litro Gas]

May incurred huge cost for new brand development.
Loosing of multinational brand name.
Loosing of better management styles [ subjective and conditions apply ]
High risk of competitions from the Laughs gas.
The relationship with the mother company of Royal shell Gas, Netherlands.
How the market will be react with government services,
How the quality of services,
But whatever it is changing of the brand name and the controls creates a hope to the people to reduction in Gas prices in soon. And if the srilankan government is hoping to serve better services to public is greatly appreciate by public.

Deepawali small [seasonal] Businesses…
My Observations and thoughts

Deepawali small [seasonal] Businesses…

Deepawali is an important festival in Hindu’s life. It’s commonly known as Divali or Diwali. Deepawali interpret in English as festival of lights.

The countries where Hindus lives are celebrating Deepawali in grate extents. The Deepawali festival is festivals of lights for the businessmen also. Because Hindus in all over the world, celebrating Deepawali with wearing new cloths and exchanging sweets with their family and friends and wish their greeting too.

The countries such as Srilanka, India, Singapore, Malaysia, Fiji, Guyana, Trinidad & Tobago, Mauritius, Nepal and Myanmar are announced Deepawali as an official holiday and respecting the Hinduism.

Therefore businessmen are looking forward the Deepawali festival to lighting their business.

Here are some small businesses related to Deepawali,

Clothing’s or textile outlets
The clothing’s are most consumable item in Deepawali season. Specially most of the Asian countries, which celebrate Deepawali are enjoying the high growth in their businesses during these Deepawali season.

The expected sale in the Deepawali season is 3 to 4 times more than the normal sales in other days. The main reason for such huge demand is that every Hindu believes wearing new dress in Deepawali is bring wealthy and blessings.

This weakness use by the businessmen and develops their business over the time. The best example is Indian advertisements which related to Deepawali, one month before the Deepawali starting an advertising campaign to reach their targets.

Key to be success of clothing or textile shops or outlet is

Starting Advertisement campaigns,
New design clothing’s,
New offers and price reductions,
Value added services,
Promotional items for business developments
Understanding the consumer needs
Sweet sellers
The Deepawali is another name for the sweetness and sharing the sweets. About 1990’s or the before the housewives are made sweets on their home [rational Hindus made sweets at their home for Deepawali purposes]. These sweets are exchange to their friends and their family members to sharing their happiness.

But there is a business an opportunity in this Deepawali season is to make sweets and sell by unemployed women. These days most of the housewives are buying sweets from the corner shops and sharing with their neighbor, Rather than make by them.

Who’s having an experience in preparation on sweets can earn good revenue on it. There are some housewives get-together and doing this business. Most of them are earning a profit about 30% to 40% from their investment per day.

Key to be success of the sweet selling business is

The contacts of the customer base and the relationship maintenance.
Maintaining High quality on sweet productions.[Oil and % mixers ]
Highly experience in preparing sweets.
To know how to satisfy the customer needs.
On time delivery.
Order acceptance in different verities.
Reasonable prices
Value addition on their service.
Greeting card designs and new innovations on wishes designs.
Even the new technologies come in to greeting their wishes to their loves one, the greeting cards holding its potion as it. Still the people happy to see greeting cards than the SMS [Massages] or the E-mail wishes. Because everyone knew that sending messages or E-mail is a forward and it’s commonly sending. Therefore the people who get message or mails won’t happy like getting their personal greeting card.

The new businesses where the manual hand worked greeting cards are highly demand to express their wishes.

This is a good opportunities to an innovative ideas to do business. Most of the youngsters are involving in these businesses With using new technology.

Key to be success of the greeting card designs business,

Innovative skills.
Understand the need of the wishes.
The durability of the greeting cards.
Cost of the card.
Widely available to buy.
Environmental friendly material usages.

How to analysis a case study?
Education

How to analysis a case study?

Secret of success
Before read the case study everyone should understand the answers in the scenario. The person who understands the case correctly wins the battles.

How to analysis a case?
Understand the basis
Student should understand what the industry is case is, and what is the history of the case contents.

For examples if the case is talk about the airport industry, the student should know, some background knowledge about the airport management [practical and academic] and she or he should be understand the history of that airport which given in case.

The understanding of the history will help the student to, develop suitable strategies to the case or understand what short of risk that company is facing.

Understand the Vision, Mission and Objective of the case.
The student should understand what are the vision, mission and objectives of the organisation given in a case.

The organisational long terms strategies are depend on their mission and vision statements. Therefore it’s necessary to the student to understand it.

Understand the industrial or organisational life cycle

To identifying the organisational or industrial life cycle, will help the student to understanding what kinds of strategies should adopted to the case related business.

This life cycle providing a clear picture to the student about, whether they looks for short life cycle or long term life cycle.

Understanding the issues or problems
To understand the correct problem is the critical success factor to pass the exams.

Understand the factors made issues to the organisation.
1. The student should understand the rationale behind the problems of the organisation faces, same time he or she should be investigate the main problems of the organisation.

2. Once the problem or issues identified, the student should question him or her self’s, how the problems will be solve in short term and long terms.

3. Once identifying the short term problems. It’s necessary to classified it to how to important and immediate is that problem is. The weight age will be given according to important and immediate. And says how to solve it and what kind of strategies to undertaken.

Understanding the long term issues
To understanding to long term problems will be help the students to write about the following question or approaches.

1. How these issues are arises?

The student should understand how these issues are arising, and what the base of these issues is.

2. How its affect to the current operations and the systems?

It’s good for student to understand how these problems are affecting our current operations and the systems. And understanding of how its effect the stakeholders, also important to make decision making.

3. What are the opportunity methods are available to the organisation to solve these problems.

4. Student should question their selves as

a. What are the strategies can adopt to solve those problems?

b. How long will take to solve these problems?

c. What is the projected budget for problem solving strategies?

d. What are the losses due to these problems?

Suggested decisions
This is a very important part of the case study. What are the decisions we taken with the limited available information. And how successfully we analysis and get the correct problems of the organisation or industry.

Because most of the examiners are expecting one suggested answer than the 2 or 3 options give to them. The selected decision or answer should be clearly explaining with the all the following aspects,

1. Financially beneficial or not [viability of success]?

2. Is the decision according to the mission and vision of the organisation or objective?

3. What are the internal factors will be consider to taking decisions?

4. What are the external factors should consider to taking decisions?

5. How the decisions are accordance with changes organisational culture and structure?

6. Is it providing a permanent solution to the organisation or a temporary?

Additional factors which is to considers

Critical success factors of the organisation
Value addition activities of the organisation
Keep performance indicator[KPI’s] of the organisation
Financial ratios of the organisation
Financial potions and performance of the organisation
The inflation and interest rate of the organisation
Foreign currency risk of the organisation
Banks and hedging dealing of organisation
Risk profile of the organisation
Working capital policy of the organisation
Cultural and social factors of the environment
Etc…

Short and sweetly
Whatever the analysis we made all the answers are given in scenarios. Therefore as a student we identified the answers separately and given back the same background to the examiner again.

Secured Password
My Observations and thoughts

Secured Password

The password is important to be securing their valuable information’s. Therefore the Alphanumeric tips may help to developed a password and be secured password.
The common passwords lead to lack of controls and lead to risky. This will help to avoid hacking from hackers. So develop a new password using Alphanumeric.

Srilanka Export market for Coconut and Coconut Products
Business News

Srilanka Export market for Coconut and Coconut Products

Introduction
Srilanka enjoys an extreme advantage of exporting the Coconut products to the rest of the world.

Especially coconut tree is can be consider as Utility tree. Because we used all the parts of the tree and we get maximum benefit out of it.

Coconut products are widely available in every coastal area in Srilanka. It has a huge home demand and the export opportunity as well.

Most of srilankan are doing this business as their small business. But it can’t consider as a small business, because most business are became an enterprises as well established.

Here I am discussing bit about the export market of Coconut products but same products are widely available is Srilanka as well.

The main businesses in Coconut product are,

Desiccated [dry] Coconut,
In overall Srilanka there are nearly a 60 mills widely available. The total production is about near to 72,000 to 75,000 metric tons per year.

Countries to export

Most of the EU countries, Turkey, Egypt, UAE, etc…

Door mats,
The door mats are prepared by using the coir twines or coir fiber mix. There are 3 different types of it by production procedures, such as

Auto Machine production
Manual production
Using steel springs
This is a local market and the export as well. Specially foreign countries are using in the winter time.

Countries to export

Most of the EU countries, UK, Netherland, as well..

Twine,
The twine is made by the Coconut Bristle, it can be made according to the needs and the requisition made by the consumers. These twine gets a great demand, when the world talk about the global pollutions and the go green proceeds, mostly available is green product is this twine.

This is the main reason most of the western counties are more interested to buy it.

Countries to export

USA, UK, Japan, some of the EU countries And etc…

Charcoal Briquettes,
This is shell of the coconut. In Srilanka people use it for cooking and domestic heating purposes. The same purpose its export as well. Its use some other counties for domestic heating and some of the external activities as well like BBQ.

Countries to export

Middle East countries, UK, African counties, Japan, for domestic heating, etc…

Coir Mattress,
The coir is using to make a mattress. But now there is not enough demand for Coir mattress, so most of the mattresses are using to produce the coir with the Rubberized. This will be a cost efficiently and the value for money concern.

Countries to export

Japan, Germany, and some EU Countries…

Coconut Cream and Coconut milk,
This is a main product of the Coconut tree. Mostly of the people get use of it. The recent time, most of the countries are using packet Coconut milk power or milk. It’s a 100% pure Coconut Kernel. This is not flavor or Artificial Preservatives included it. This is use for the preparation of Curries and Desserts.

Recent home demand for the packet coconut milk power appreciated. In soon future srilanka will mostly use it.

Countries to export

Most of the EU countries, UK, Middle East, Australia and Singapore.

For you
This is a good business opportunity to the Srilankan to start the business in coconut products and succeed. These investments are not leading you a huge risk. Because every part of the coconut tree can be use it. But the important is the quality of the product will be a key success of export market.

The coconut products are the good investment activities for the people who would like to start the small business in srilanka.

DAMRO Colombo-4.
My Observations and thoughts

DAMRO Colombo-4.

Each and every business articles talk about the location for the businesses. Some theories discuses more about the location and how it’s help to the businesses. But I had personal question how it was? And how is help to run a business?

But recently I founded answer with DAMRO in Colombo. I am based in Colombo. When I go classes, I usually watch the DAMRO building at Bambalapitiya Colombo 04.

Bambalapitiya is a Major hub for a business. The DAMRO is near to majestic city and unity plaza. When I see the building I start analyzing the values of building and the benefit of their huge advertisement in building [see the attach picture].

Values of building,
The place it suited is valuable investment to the DAMRO [Even if it is own or Lease]. Because who ever the people pass to the Unity Plaza or majestic city, have a look their building [ see the picture with enlarge ]. DAMRO is using the whole building advertising their furniture. It’s an ultimate strategic Marketing decision. These advertisements are valuable more than a millions and million. Because its reach everybody who pass the Majestic city or Unity plaza and the road.

Another facility for this building is to packing facilities. It’s a added value to the customer to feel free purchase their furniture.

Advertisement in their building
The advertisement in their building is a huge marketing promotion by the DAMRO. It reaches most of the passengers whose cross the road. For its initial investment may be a huge, but the DAMRO has Focus on the benefit [Cost benefit analysis] they generated in future by eye catching to the consumers or the general public.

The colors which they used is also a eye catching colors, who ever the people pass the road will see this building for a moment.

Advantage of that building
Easy to reach.
It’s a ultimate place for the display their furniture, and this easy to the customers to reach the showroom easily. This is a grate advantages the DAMRO having on their own [benefit of location]

Heart of Colombo
Bambalapitiya is heart of Colombo. This is a place is use by most of the locals and foreigners too. So it will help DAMRO to develop their brand loyalty to locals and Foreigners[ may supported to expand the business in India and Australia ].

Entrance to Colombo
This is a one of the entrance to Colombo. So what ever the buses coming into Colombo should pass this building, specially form buses from Down South of Srilanka.

E.g.:- Galle, Hambanthoda and so on.

in overall the DAMRO is doing well on their business and the distribution all over the island[Srilanka]

DAMRO Website:- http://www.damro.lk/

Address of Colombo 04 showroom:-

746, Galle Road, Colombo 04

tele:- 011 2553838

Small business in srilanka
My Observations and thoughts

Small business in srilanka

When we think about small businesses in Sri Lanka, our second thought would be these :

Initial investment for business
Rising working capitals for the business
Location, rent and the rate
Other related expenses.
But, there are so many businesses those are running with huge profits without much problems.

For example,

1] Selling kingcoconut

When I mention selling king coconut as a small business, people may think, is it a small business? Or is it generating good enough profits?

Here are some reasons and calculations to solve your confusion.

It’s a one of the most consumable goods in srilanka. Mostly everyone would like to drink it for their thirst and it is good natural tasty fresh drink. When the sun burns hot, people get tired even if they walk for ten minute. So, when they see a kingcoconut shop they will think of drinking it. So, its no wonder as the road he seel kingcocunut in road and when lots of people passes by his shop atleast 1/10 of people prefer drinking king coconut.

The success of this small business [king coconut]lies on identifying a correct place and open a small shop. The place he select should be mostly used by people for their day to day works.

Revenues and profits calculations:

The person who sell king coconut can sell minimum of 50 [and maximum depend on his skill] per day in Colombo area. If they can sell each at Rs.30, and if he purchase it for an Rs.15 his profits is purely 50%. For a day he can earn a profit of Rs.750. If he works for 25 days, his total profit will be 18750. But these profits will not remain same. There will be ups and downs in the sales.

His total profit would go up by 2nd or 3rd month and he may earn Rs.30000-35000 for month. It depends on his communicational skills and the socialisation skill.

In accordance to Sri Lankan labour market, an assistant accountant’s monthly salary is about Rs.20,000 – 25,000. So doing an own small business will be better than working under anybody.

2] Lottery tickets
In Srilanka lottery tickets are the mostly purchaseable thing in the public.

But as per my concern the people who buy lottery tickets are foolish and don’t have self-confident on them. They rely on thier luck and buy the ticket with the dream that they will win one day.

But I am bit happy, because it make some business opportunity to some entrepreneurs to sell the lottery ticket.

Their revenues are depend on the number of lottery tickets they sells, but these business opportunity makes a quite enough profit to make their business success.

Be your own brand
My Observations and thoughts

Be your own brand

A ‘brand name’ is a unique sign which demonstrate the value of what it is. Most of us are aware that the brand names are commonly used for the products and services.

This is quite a new concept as I think.

Each and every person has some kind of personalities, which demonstrate their own branding to others.

Such as

1. Uniqueness

Each personality has some uniqueness. This uniqueness may be known by them or not, this uniqueness will be expressed in certain situation. The respected personality should identify what is his or her uniqueness and develop it.

Ex: – concentrations, confidence, positive mentality, etc…

2. Identity / Differentiations

The differentiation means everybody’s personality difer from each others. The differentiation get developed by comparing people and to compare the respected person to make his or her self better than others.

3. Charismatic

The personality should be a charismatic on their selves. The charismatic skills will show you as different personnel from others. This will make yourself attractive as others like to follow you as a leader [role model]. This is one of the best branding for your own. Which you can develop on your own.

4. Leadership

The leadership skills make difference between the personalities. The leaders always have some sort of specializations. This makes them to be unique and differ them from others. This makes them as a brand of their personalities.

Ex: – Che Guevera, Fidel Castro, Abdul Kalam and so on…

5. Interpersonal skills

The interpersonal skills also make the personalities to be differ from others. The personality behaviors demonstrate their brand on their selves. People who have a good leadership skills and good communication skills are good examples interpersonal skills. They are branding them by their interpersonal skills.

Ex:- communication skills, presentation skills, negotiations skill, etc…

6. Communication skills and Presentation skill

These are the skills which make the person to be different from others. In some cases this make the differentiation and make the brand better as well.

There are so many personalities who do their motivational speech by only depending on their presentation skills. This make them to be different from others.

7. Accuracy

The knowledge accuracy is also making a personality to become a branded. These make the person to well organize and to preplann. In the working places most of these skills help the staffs [who work in private companies] to be brand them selves. Specially knowing all related news and current updates make them as a brand knowledge personality.

Ex: – Updated information on hand, availability of data, etc…

8. Understandability

The understandability makes a person to be unique. The way they understand the matters quickly is a brand to the personality. Which can be a bright case in their life as well.

Ex: – understanding the situations, understand the mentality of others, grasp the points quickly and easily understand the complex data.

9. Adoptable and willingness to change

The person who like to adopt new changes and to update theirself make them branded. The willingness to change also considered as a branded. These people may be early adapters of the markets.

Ex: – adopt new technology, adopt and understand new concepts, willingness to change process to upgrade, etc…

10. Willingness to learn

This is the important skill to a person who wants to be branded. The branded person is willing to learn everything at any time. This makes them to be more branded. This is an important skill to be a branded person.

11. Creativity and Self thinking

The new creativity will make the personality to be branded his or her self. The person who willing to create a new innovation always have a good demand in the markets. The branded personality is depend on how they use their creativity and innovation skills.

In overall branding the personality depends on the person who tries their personality development. The branding can be a positive and negative as well. So the selection to be a branding in positive or negative will depend on how and what are the activities are carried out by the personalities.

FACTORS TO BE CONSIDERED FOR THE NEW ENTREPRENEUR
My Observations and thoughts

FACTORS TO BE CONSIDERED FOR THE NEW ENTREPRENEUR

Every one in the world want to be the boss of their own business. This may be their passion or their ambition. While they going to reach their objective they may face some visible and invisible disturbances. The success of their business relies on, how they overcome those problems with their limited resources and unlimited experience.

Most of the successful business men or women have some sort of painful stories. But they wont think of those pains for their life time.

Here are some points which are important to the new Entrepreneurs to start their own business.

POLICY OF BUSINESS
Each and every person have some kind of policy. Their policy may be their strength or the weakness. The success of the entrepreneur relies when he adopt policies according to the business environment.

The different between successful and unsuccessful business is, how they adopt their business policies and how they implement it.

DO THE BUSINESS YOU KNOW VERY WELL
Who ever want to start a business should think of doing business on their known field. Because this will help the person to use the knowledge he gained to use it in his business.

Some of the successful entrepreneurs didn’t had enough knowledge when they started their business. But they learnt while they implement their business strategies.

TAKE THE RISK
The success of the business is fully depending on the risk taking ability of the entrepreneur. The risk and the return are the positive correlative factor. If the entrepreneur is risk taker then the return will be attractive too. At the same time there will be good chances to getting negative returns as well.

But risk taking is also a kind of art. The successful entrepreneur is who taking high or lower risk according to their expectations and their experience.

THE PERSONAL INVOLVEMENT
The personal involvement means, where entrepreneur enter into a business personally. The uniqueness of his ideas will make him to be in front in the market. Therefore its better that new entrepreneurs discover unique ideas and follow up.

EARLY ADOPTION AND EARLY REACTION
The early adoption and early reaction to the business environment is much necessary to the entrepreneur to achieve success. Because the market change depend on the consumers need and their wants. So the successful entrepreneur follow the market and change rapidly according to their changes.

LOCATION
The location is a critical success factor in a business. The success of the restraints and hotels are good example for the locations for the businesses.

CREDIT POLICY
The credit policy of the entrepreneurs is an important factor to the business. The risk and the returns mainly depend on their credit policy. The credit policy help the entrepreneur to decide how much risk he is going to take.

These are specially designed for the entrepreneur to decide of the banks loan.

But its all depend on the entrepreneur’s risk taking abilities.

MAINTAIN PROPER ACCOUNTING AND MANAGEMENT STYLE
To maintain a proper accounts and the management style it is necessary for the entrepreneur to maintain a good cooperate culture. This will help the entrepreneur to grow up the proper management and cooperate cultural discipline for his future survivals.

AVOIDING ILLEGAL TRANSACTION
The entrepreneur should not engaged with illegal activities such as black market and the control price manipulations. These can be considered as a black mark ion the enterpreneur for his future development.

Maintaining a good relationship between the tax authority and the local councils is also necessary to the entrepreneur to succeed his business.

BANK RELATIONSHIP
The entrepreneur should have a good relationship between banks and the other financial institutions to get the necessary financial supports when he needs.

Especially banks are providing advice to entrepreneurs on how to run small businesses and how to maintain the market shares. For some purposes the bank loans are good to be taken to get valuable advice from the expertise panels.

ADVERTISMENT
The advertisement boost the business. This has become an important factor to decide or to maintain market shares. Some companies spend heavily on the advertisement to introduce their new products and to grow their market.

CUSTOMER SATISFACTION
This is the first and the last factor which is a dominant factor to decide whether the business is success or not. The customers should be treated as kings and their requirement should be fulfilled according to their wish accordance to the company mission and visions.

All the above factors will help the entrepreneur to satisfy the customer need and understand their requirements only. If not the survival will be questionable.

Start Your Own Business
My Observations and thoughts

Start Your Own Business

Hey guys, why don’t you think of start a business on your own. In this young age, why you spend your time for others, they get benefits from you, by your hardwork. Do you ever think that your employer pay you 50000 rupees without getting anything from you. Please think that your hard work will be most valuable than the price the employer gives to you. Be aware, that your hardwork is valued 5 times of your salary.

I do not recommend you to leave your current job. Of course you need money to start a business. But don’t think you need huge amount to start a business. A person can start a business even with Rs.500 and it could become Rs. 500 billion. In some cases it happens like people invest Rs.500 billion and business end up in road with loss of money. Therefore don’t think that you should have lots of money to initiate a business.

Before you start the business you should select the field of your interest. Think which field would be suitable for you. When you decide the field don’t forget to collect the information of competitors. Which is the most important thing to identify your competitor’s plan than your plan. because then only you can wack him(competitor) from the market.

Plan your self as when to start the business and where to start the business and how to start the business. These are considered as more important questions. When you plan your business do not forget to plan your future strategies and how you want to be in future. That desire will make you to be perfect in starting the business.

When you plan your business then look at the market, whether any changes happening or whether you need any changes in your plan. Please be mind that world is changing rapidly. So customer needs may change day by day. Therefore be flexible to change your plans and adopt new changes.

After all plan and select the place to start the business which is critical success factor of the business. Selecting the stakeholders for the business (specially who are providing materials and other important stuffs) is also one of the critical success factor.

When you start the business initially you may think that the business is success. Dont expectmuch profit for three years. Because when you expect about the profit you may manipulate the business or you may make several new products. Therefore the quality you expect may not come as you are carry over several businesses.That may lead your business in negative manner which make you unsuccessful in the future.

So in the first year, start with small ideas which may not need much money. When you feel that your organization get a positive goodwill then start the business to expand it and make some innovations.

When you succeed in that particular business, don’t forget to start another business. Mind that if a person can do one business in a good manner, s/he can do more businesses.

When you think like that the success is not far from you.

Definition of the word “Synergy”
My Observations and thoughts

Definition of the word “Synergy”

The Synergy means working together. This is a familiar words in business environment. Synergy is the ability of group performance. This ability of the group performance cannot be achieved even by the best individual performer.

In the business world when the businesses are getting merge, their performance will be improved than their individual performance of additions. The reason behind there is the synergy improvement and their effects to achieve their goals.

The synergy is not only used for the business. It’s currently being used by the health care service sectors and educational service sectors as well.

The benefits of the synergy are,

Group thinking
Logical improvement of their cooperate behaviors
Emergent thinkings
More focus of their goal then individual goals.
Motivate the performers Proforma well.
Easy to share knowledge between each others.
More focus on the customer satisfaction and the development of their market.
Improvement of the mentoring trainings and human resource development.
By synergyy.com, we are trying to share our little knowledge with you.

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