Business Tips
Business Tips at Expand in India blog are written by the expert business people after a long enough research and study of the subject, though the experience of those people matters a lot. Find and share the free and comprehensive guides of business tips.
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Equaling his organization to a plane and requesting a change of engines while maintaining altitudes – this guy is thinking out of the box! The first one I met in a long while and one of my first intense interactions with a full blown “Chairman and M.D.” of a growing firm from Udaipur. I was excited. Employed by an IT major then, I was sure of providing a cracking Consulting Solution to this organization...
Even with the economies slowing down, the Senior Management of any OEM aren’t still ready to accept revenue growths less than the budgeted figure at the beginning of the fiscal year. Unfortunately, the sales teams are at a total loss to understand how to achieve both – revenue targets and healthy Gross Margins (GM). The management pick on easy avenues (like Cost Cutting) and run programs that supposedly increase employee productivity while reducing their...
India is a hot destination these days (except for those eying very short term returns). More and more number of business visitors are coming to India to explore and capitalize on opportunities being offered in the country. However with these opportunities also comes its own sets of challenges which are unique for India. However you need not worry, these days the IT service sector has converted India into a service oriented economy and more...
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Branding in simple words can be defines as “building your identity and gaining consumers trust in a highly competitive market”. Branding includes the trustworthy awareness of your organization’s name, your expertise and your potential to a large no. or in fact millions of people around the country/world. If you own a business and you want to brand it in a fare competitive market, your brand first has to reveal these 5 crucial components: Mission...
The Global Economy is facing strong headwinds – be it in Europe (PIGS turmoil), US (growth slowdown) or Emerging markets (slowing growth and high inflation for instance in India). This environment stalls companies’ expansion plans, and the overall sentiment takes a nosedive. As a result “Conserve Cash” takes the front stage and anything non-essential to run the business day to day, is locked and stocked in the cupboard. While this is a very natural...
As you’ve heard by now, the macroeconomic story of the past decade has been the explosion of growth in the emerging markets of Asia and Latin America. Every year, millions of people in places like Brazil, China, and India give up subsistence agriculture and move to burgeoning cities to take decent paying jobs in factories or service centers. As an American business owner, you should recognize this longstanding trend as the opportunity of a...
When a global company with no setup in India is seeking a channel partner company , they go about in the following ways to identify the prospects: Meet the prospects in events, trade shows, seminars, trade delegations… Secondary Research (trade portals, websites..) to find out and then connect with them References through colleagues, other firms Using a mediator (office, consultant, embassy…) Just flipping the question and saying when an Indian firm is seeking a...
As in other markets, Indian Industrial markets are strongly influenced by “Influencers”. By influencers we mean stakeholders who could determine whether an offering (product or service) is used or not in a specific situation. They may or may not be the users of the concerned product/service, but have a say in the decision process. Depending on the product category and its positioning, they could impact one’s growth prospect significantly in India. There are different...
This calculation will be helpful for Global Marketing Managers/ Firms for their India pricing Strategy. It gives details on what will be the landing cost for products exported to India. The duty rates are normally announced every year in March during the Union Finance budget proposals. The rate remains constant most of the time for one full year i.e till the budget announcements next year. As such the calculations below will normally be valid...
The Indian economy is alive and well today despite of an ongoing slowdown. The country exported an estimated $303.7 billion worth of goods in 2011, with the greatest amount of profit coming from petroleum products, precious stones, machinery and automobile manufacturing, iron and steel, chemicals and apparel. Most of these products are modern day necessities that aren’t unique to the country’s cultural identity. But Indian culture has become more visible to the rest of...
According to The New York Times, the number of U.S. citizens who applied for visas to work in India nearly doubled from 2009 to 2010. The New York Times also reports that the number of foreigners doing business in India has increased dramatically in recent years. If you’re one of the many people who will be relocating to India for business in the near future, you may be wondering about cultural differences in Indian...
