ECONOMICS PART 2 JAGADISH

When capital with company is less and allocation of funds to be made is huge ? How can companies do allocation in such times A) Prioritize first funds under B2B segment as this allocation gives you edge over others specially in production department division ---- thought process is B2B leads to B2C sales B) Employees to be given ESOP stock options during this time to be liquidated later on by the employees when they need in stock market ( if possible spread it to stakeholders) C) Internet sales becomes mandatory and advertisement money through this gives you working capital D) Setting up publishing division through internet gives you edge over others (knowledge capitalism) E) Complementors tie up gives you alternative opportunities to look at business growth F) Cooperation and sharing knowledge is also one way of contribution either during good times or bad times---- having networking people in and around you is a good habit Thought for the day : How many can you think in addition to above said on the issue pertaining to funds allocation either to generate or manage capital in your company or industry

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What to write today so thinking about what if I enroll myself into Microsoft hr. suddenly just now got an idea why not thinks about community development issue so here is the wonderful proposal Community based service to make star performer of the company a household name (HR)

Every company has few star performers under their wing.

how to groom them up and make them popular in the society and create awareness that such type of employees work in the organization and companies are loyal and groom them up creating awareness of both company and star performer employee making them house hold name in the society

Here is the plan by jagadish 1. Give to the star performer a licensing ticket to hand it over to anyone who is eligible for job and ask the candidate whether he would take up a 1 week assignment for the company to whom the star performer represents 2. The candidate is assigned the star performer and for 1 week the assigned candidate works for the star performer. 3. After 1 week there is a potential appraisal test is given to the star performer to see whether the assigned candidate worked and contributed to his advancement either physical or mental 4. If there is contribution from the candidate then employee gets a permanent job or if the contribution is less he is given 1 week certificate to use it to get job elsewhere 5. If the candidate is selected permanently to the organization for 3 months to 6 months a special bonus award would be given to the star performer for selecting a good contribution candidature for the company 6. The candidature is happy and star performer also gets a chance to earn additional income

Thought for the day :

How many types of schemes can you think which come closer or lateral thinking after reading the scheme designed by jagadish?

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Fiscal deficit leads to employment

Fiscal deficit is defined as expenditure to spend by nation is more than income earned by the nation

It was said in freefall that if there is no fiscal deficit budget with the government it would lead to huge unemployment as expenditure to spend and to work is more than income or jobs guaranteed

(Work with government is more than employee ratio through creation of jobs under fiscal deficit by spendthrift)

expenditure more than income

The question arises and has been stated in my previous blog as to how deficit budget creates debt for the nation and leads it to poverty. Balancing both deficit and non deficit is vital within a span of central government governance with 5 year plans

Just to generate employment if governments spend money in excess of income earned government has to start minting money to look at employment issue of the nation which is never recorded by any nation even if done census by the nation

What would happen if minting money is started, money in circulation increases leading to huge inflation with demand not meeting supply of scarce resources. Free market never comes into operation at any given point of time even if employment under deficit budget is achieved

Thought for the day

Free market isnt into operation even if deficit budget is done

Deficit budget doesnt guarantee nationwide employment but leads nation to poverty

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Economics and marriage

This type of topic is never taken up by anyone. To let you know marriage actually gives you an idea of family budget to maintain and prevents you from becoming pauper or avoids fear in the minds of people who want to be married

I can prove it.

If you are bachelor you like to spend money and not look for greener pastures. even loan sanctioning to bachelors is difficult but if you have children under your belt you can actually get loans and payment mode is also simpler because banks look out for payment package if male is dead. There is guarantee that mortgaged item can be recouped back easily with the help of children

Another importance of marriage in economics is availability of finance is easy because of close relatives being there who can facilitate finance not through their money but through networking

Finance knowledge and awareness and repercussion can easily be faced if you have wider number of elders in and around you specially knowledgeable elders can give you direction with contacts and wife intelligence if chosen properly can add to your lessening of burden with facility of even health insurance packages for the family etc etc in insurance

Think of financial packages available to family if you are married

Thought for the day

Why do people do stupid things by being single when marriage is tension free

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What happens to economy where jobs are more than employees fit to work in them

This scenario is very rare scenario in economics but if at all it happens and it can happen only if old age people fit to work have retired and youth of the country arent major and there is a huge gap between generation to work and generation that has retired

In such precarious scenario

1) Companies have to look out for work from home concept 2) Training wings to be made videoconferencing 3) Use of technology would become mandatory 4) ERP would hone up the skills of youngsters 5) Contract based workers/employees from other nations should be considered a better solution

Thought for the day:

Look out for what type of industrial based sector is suitable on priority based which can take up employees on contracts from other nations

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Bureaucracy by definition

Normally people associate bureaucracy as something evil. But in actual practice it is defined by two wings in times of emergency situation it is used. They are

1. Reengineering where company is revamped through less paperwork 2. Restructuring where company is revamped through changing the portfolio of candidatures through creation of few posts or revamping the people associated with those posts by designating them elsewhere

Is bureaucracy evil? It is not because it is governed through articles of association of a company organization which is monitored by the registrar of companies where day to day affairs are checked and updated? Any revamp of articles of association function has to be recorded in the minutes report and to be cleared off by the stakeholders in general meeting either quarterly or annually.

Good governance leads to good education of employees, Bad governance leads to destruction of knowledge capitalism and leading to shutdown of business either geographically or through winding up of company

Thought for the day :

Is their other ways where bureaucracy can be used for the benefit of employees?

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4 stages of Reading explain?

Every nation comes under the purview of reading knowledgeable books but always encounters problems relating to knowledge in storing up information in their brain cells

What scenario do you call this as?

Initially they are in full swing

I will read this book, I will read that book and suddenly he student realizes that I havent grasped any information even after reading for so many months and years. what did I accomplish because he wanted to be like P Chidambaram in knowledge and to defeat him black and blue in finance but at last gives up stating he cant be like Chidambaram , he can only venture only after death and gives up life in frustration

This scenario is called a reading tension scenario---- real scenario encountered while reading information of knowledge

What are these 4 stages of reading

Tighten your belts here it comes

FIRST SCENARIO OF READING

Get as much knowledge into brain cell as much as I can but fails because he encounters problem in storing information in brain cells

SECOND SCENARIO OF READING

After getting few information into brain cells he starts encountering problems while observing others knowledge and comparing it with himself and loses interest in reading knowledgeable books

THIRD SCENARIO OF READING

After passing the second scenario the student encounters criticism from peers that you dont possess this knowledge or that knowledge, he debates on few and loses in many situations and he gives up knowledge that it is not my den

FOURTH SCENARIO OF READING AND THE LAST SCENARIO

After pushing himself beyond the third scenario of situation he at last comes across the scenario where he grasps matter and diversifies his knowledge with commitment on gaining knowledge with perseverance with debates and dedication towards saraswathi

Thought for the students is

This much of hard work is necessary with reading perseverance to become big stalwart in knowledge. Lets see whether you can achieve it or give up in any of the scenario before you encounter fourth scenario

Laxmi is encountered only when saraswathi becomes your ally

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