As for geographic expansion, most Indian manufacturers companies do not necessarily have the managerial capability to run pro? t centers in other parts of the world. Also, fewIndian companies are cash-rich. Most would therefore end up acquiring very small companies that might not add value. Mergers and acquisitions, again, are often dif? cult to accomplish for Indian manufacturing companies.That leaves innovation, which has not yet been fully exploited. An ongoing Deloitte benchmark study of more than 35 Indian manufacturing companies against 140 multinational companies that have manufacturing operations in India has shed light on what Indian manufacturing companies are doing right and what they need to change. Companies across the spectrum agree that innovation is probably the manufacturing industrys most underexploited strategy. If the Indian manufacturing industry is to remain competitive over the next 15 years, it will need to focus on its innovation capabilities. The opportunity for dramaticimprovement and transformation of business models in Indian manufacturing is signi? cant. With average annual growth rates of nearly 20 percent among the companies benchmarked based in India, companies are presented with an unprecedented chance for re-inventing themselves. Growing at at rate, ve or ten years down the road, the vast majority of investments in the business will be new investments.As opposed to the multinational companies that have stopped depending on the well-being of the economy or just the market in which they operate, Indian companies seem to consider those two as the main drivers for business in the foreseeable future. Indeed, Indian companies lag behind their global competitors in research and development. This is, however, something that will start to change in the coming months and years as these companies look to launch products and services on a continual basis. The challenge is doing it right.The best-performing companies in the global benchmark research, called complexity masters, are far better at nchronizing innovation across the enterprise. They invest in better processes and technologies for optimizing the entire life cycle of products and services. The result is far better performance with pro? t levels up to 73 percent higher than the competition. Many domestic Indian manufacturers as well as multinationals operating in Indian suppliers have a hard time keeping up and building the capabilities needed to succeed.In Indian manufacturing, the most worrying evidence is that of the lack of visibility into strategic information. In fact, and somewhat alarmingly, the more strategic the information,the less the visibility! This makes it dif? cult to take the right decisions in strategy, planning and execution. The other major challenge is that of ? exibility. Indian companies will face increased complexity and constraints on ? exibility as they continue their domestic and global expansion. In fact, the average Indian company is not lean at all. Even companies that operate with just ? ve or six customers have frozen imeframes for production of two weeks or more. Were they to aim for less time, they believe they would lose money recon? guring their manufacturing schedules. They have dif? culty connecting their sales forecast to material plans or even their production plans. Indian manufacturers lack the technology support for looking at the life cycle data of the products. Without this data, innovating on the product portfolio is dif? cult, if not impossible. Indian manufacturers are far behind multinationals in India when it comes to adopting leading technologiesdespite the (perceived or real) low cost of technology in India compared to the more developed countries. This low rate of technology adoption poses a real risk to Indian manufacturers futures, limiting their participation in global value chains where these technologies are required. In the absence of lean processes or visibility, a lot of management time goes into day-to-day issues and ? re? ghting with very little time left over for future planning and innovation. Despite a lackluster record when it comes to R&D,Indian manufacturing has recorded high growth, creating a unique opportunity for innovation. In fact, India is the top
destination in the world for R&D investment. The cost of innovation in India is typically one-third that in developed.
Frequently Asked Questions
how to promote a new business?
I have set up a new puzzle manufacturing company here where I live. please tell me the best way to promote it.
Business promotion is to running a successful business as practicing scales is to playing
the piano well; it may not be a thrilling activity in itself, but you just have to do it!
You should spend at least an hour a day on business promotion or planning how to promote
your business (and more is better, if you can fit the time in)!
You promote your business by getting the word out. In fact business models are one of the most argued features of the World Wide Web. However, the knowledge about this features are shallow. Nowadays there is so much talk about how the World Wide Web has changed the traditional business models. You can get more ideas from http://www.directory.ac
Internet commerce gives the opportunity to the new kind of business models. However, it is also likely to reinvent models. For example, auctions. It is one of the oldest forms of brokering is setting price on valuable and unique items. The World Wilde Web has popularized the auction model which is applicable for selling-buying the wide rang of the products and services.
There are many different kinds of the business models in web. Some of the most popular ones are:
Brokerage Model Brokers:
This model contains market-makers. They bring sellers and buyers together and ease the transaction through internet. Nowadays brokers play an important role in online web business. This model role in market can be categorized in three different categories.
1. Business to Business
2. Business to Customers
3. Customers to Customers
Normally a broker charges a fee or commission for each transaction.
This model is quite popular is based on web advertising, which is like the advertising in media. The web site provides content and services mixed with the advertising massages in the form of the banner ads, text ads, etc. What is very important about this model is, a direct relation between the profit and the viewer of the web site when the viewer traffic is high the profit will go higher. One popular kind of advertising model is business directories in which business owners register their business information.
The capability of the community model is based on user reliability. Users have a high investment in both time and emotion. Profits from this model can be based on the sale of ancillary products and services; or profits may be together with relative advertising and subscriptions for premium services. The Word Wide Web is very much suitable to community business models and today this is one of the more productive areas of development.
Information diary Model:
This model is based on data about consumers and their consumption habits, this information are important for target marketing promotions.
This model provides purchase occasions wherever people may surf. Affiliate model offers financial motivations to affiliated partner sites. The affiliate model is naturally well-suited to the web.
The manufacturer or "direct business model" is expected on the power of the web to allow a manufacturer, for instance, a company which produces a product or service to reach buyers directly. The manufacturer model can be based on effectiveness, promoted customer service, and a better understanding of customer favorites.
The models can are applied in different ways. Furthermore, a firm may merge several different models as part of its general Internet business strategy in order to gain more benefits and this is what a producer should think of.
where can i find wholesalers of eco friendly products in the UK?
I currently own a lighting shop and am keen to start selling some modern Energy saving products such as the ECO-kettle, Bio wash balls and various other innovative products. though i am having problem finding decent wholesalers or direct manufactures. most of the pay for wholesale directory sites online seem to be a total con. oh and please don't answer if your advice will be to sign up for yet another 100 wholesale directory using your affiliate code!
The following sites are the best I can do.
Directory of wholesale suppliers, business opportunities, and more. ... Eco-friendly Products. Fancy Dress. Fair Trade. Fashion Accessories. Festive & Christmas ...
www.thewholesaler.co.uk - Cached
Glow products wholesalers in the UK
Wholesaler UK trade directory listing for wholesale trade suppliers, importers & manufacturers of glowsticks ... Eco-friendly Products. Fancy Dress. Fair ...
thewholesaler.co.uk/trade/.../Glow_products_wholesalers_in_the_UK - Cached
Compostable Hot Cups, Compostable Cold Cups, Corn Cups, Corn Utensils ...
Compostable Food Service Products, such as Eco Hot Cups, Compostable Cold ... Eco-Products launches branded line of compostable cold cups featuring the "one ...
www.ecoproducts.com - 71k - Cached
Tradeshow Giveaways & Promotional Printed Products UK
... of tradeshow giveaways and promotional printed products throughout the UK ... description and breakdown of each products "eco-friendly" specifications. ...
www.ttpd.co.uk - Cached
Wholesalers :: Bespoke Eco-Friendly Jute, Canvas and Cotton Bags ...
Below is a listing of all our products and their prices. ... prices are exclusive of VAT Delivered to a UK warehouse payment terms: Advance ...
www.ecofriendlybag.co.uk/wholesalers.html - Cached
GreenFinder : Green Directory for eco, fair trade, environmentally ...
Social Occasions & Eco Weddings. Sustainable Transport. Wholesalers (Green Retail) ... to , the green directory showcasing the best eco friendly products online & at ...
Is this realistic?
My Uncle, in his endles efforts to motivate me into entrepreneurial adventures (by the way, I'm 16), always suggests various ideas for small businesses that I could do. Some of them aren't bad, but alot seem a bit farfetched.
A few days ago, he came up with puting vending machines in apartment buildings, and letting them make money for you.
Here's the part where I ask that anyone with busines knowedge correct me at every wrong.
The way I understand that, is that I would get in contact with Coke, or some other company that leases/sells vending machines. I obtain one, and then speak with apartment building landlords to see who will allow me to install the machine in their building. Supposing I find someone who agrees, I would likely have to pay the landlord some fee for using his space. After that, the cash would roll in, I would pay to restock the machine, rinse and repeat.
So first of all, is my understanding of how that would work correct? Second how much do vending machines cost?
How much would I have to pay the landlord? How much does it cost to restock?
Would there really end up being profit in this? I'm really not sure that there would be.
I can't do the financials for you, but a few ways to start into expanding into a new vending business:
1) Lease the equipment whether the machines are new or used. Add one or two vending machines at a time and build slowly with good high traffic locations.
2) Purchase established routes (from someone retiring or getting out of the business). The existing vending business would be currently set up with machines on locations, suppliers of products, along with the procedure of filling each type of machine and pricing of the products.
3) Purchase used equipment from other vending operators or distributors. Try it first and see if vending is for you. Research trade magazines, classified ads, or call local distributors for new and used equipment for sale.
**Choose machines that are: reliable, easy to service, easy to locate, caters to the people on location (products that they want), and gives you an outstanding return on your investment.**
How much you'd have to pay the business owner where the machine(s) are located is commonly know as commissions paid to the location. The business owner allows the machine in their establishment because it is a convenience to their employees and customers. Offering a great vending service for free could be just what they need. Otherwise, 0 to 20% of the NET profit can be negotiable to achieve the location, depending on amount of employees and traffic. A signed contract of agreement is advisable.
There are various types of vending machine opportunities so CONSIDER THESE MOST POPULAR VENDING MACHINE OPTIONS: Bulk Candy Vending, Gumballs, Capsules, Soda Vending, Snack Vending, Office Coffee Service or Coffee Vending Machines, Small Combo Machines, Hot Dog Carts, Concession stands, Crane Game Machines, Deli Vending, DVD Vending, Family Fun Centers, Food vending, Full Line Vending, Healthy Vending, Honor Snack Boxes, Juke Boxes, Laundry Coin Op, Personal Products, Stickers, Tattoos, Toys, Video Games, Bottled Water Vending, Amusement Entertainment Machines, Arcades, Coin op Car Washes, ATM machines. Check out The Vending Yellow Pages Directory. http://www.vendingconnection.com/yellowpgs.html
Check out the vending business company that you'd want to buy from. IF IN DOUBT OF THE COMPANY YOU ARE ABOUT TO BUY FROM - Contact:
Federal Trade Commission Web site - www.ftc.gov 1-877-382-4357
National Fraud Information Center Web Site - www.fraud.org 1-800-876-7060
Better Business Bureau - www.bbb.org
Small Business Association - www.sba.gov 1-800-U-ASK-SBA
To contact persons to find locations for my vending machines or
for company listings of vending machine locators for you to contact go to: www.vendingconnection.com/yplocators.html
There are various types of vending suppliers.MANUFACTURERS are the companies that actually manufacture the products or machines, usually selling through distributors or brokers, occasionally selling directly to the vending operator at discount prices. DISTRIBUTORS sell machines and/or products directly to you in your area. Some distributors may have products and vending equipment in stock with warehouse space, assisting you with vending equipment, product, parts, and financing. RETAIL WHOLESALERS are a specific kind of retail distributor. Often a retail wholesaler has a large, easily accessible inventory that they will resell to the public at wholesale prices. Well known retail wholesalers such as Sam's Club or Costco Wholesale which require a membership to purchase products. BROKERS act as middlemen between manufacturing companies, retailers or distributors, often buying a product and selling it to the smaller local vending business vendor.
To look for a vending machine company to place and service machines go to this link: Vending Service Operators- USA http://www.vendingconnection.com/ypoperatorsusa.html
To advertise the vending business for local businesses to contact you to place machines you could start advertising in a local printed yellow pages and newspaper classifieds section, or also place an online internet ad on The Vending Yellow Pages Directory - to List your company contact information - Go to this link: http://www.vendingconnection.com/ypoperatorsusa.html
Is it possible to make a decent living as an Fine artist/textile to make a sucessful living selling and how?
I majored in fine art 17yrs ago, and loads of experience in textiles and fashion, due to paying of bills i have done a variety of jobs from dressmaker, to currently secondary school teacher, which i have had enougth, i just want to go back to being creative again, any suggestions how?
I am an interior designer and twice a year all the fabric, wallpaper, and carpet companies bring out new collections of designs. (Surely fashion works the same way, but with a faster turn around.)
I really have no idea what kind of money these designers make, but the good news is that these companies are all over the country. Working for a corporation would mean regular hours, regular money and benefits.
The company deals with government required business reporting, manufacturing, advertising, distribution and selling. You get to do what you like best--designing.
Or if you want to be a little more mobile, you can work for these sorts of people freelance. There are design studios who produce designs for collections as well.
If you work alone designing fabrics, you have to do the record keeping, the manufacturing, and the selling. All the business stuff means you spend very little time doing the creative stuff. Then there is the issue of who would BUY your designs and fabric. Are you selling to people who will reproduce your designs or do you want to sell to end users? Do you spend every weekend hauling bolts to craft and art fairs all over the country? Ugh.
You need to do some research as this is a fairly specialized career. Check with the reference librarian at the closest city or college library in the business section. They can point you toward reference directories that list these sorts of businesses. You can start by calling the creative directors of these companies and studios to find out what sort of people they are looking for, (your qualifications sound solid to me.) Too, find out if there is some sort of professional organization for fabric/product designers and see if they have a newsletter you can access. Perhaps you will want to join the orgainization for the opportunity to network with people already doing what you want to do.
It might be worth taking some vacation time from your present job to volunteer working with a current designer to see if you like the work. In the meantime, it would make sense to start working on a collection of your own designs, you are bound to be asked for a portfolio. Good luck. You really can design your own life.
Can Someone help me with the topic wealth from waste?
The need of the hour is to manage waste well because inefficient waste management could cause irreparable damage to the environment.
Those who think that sustainability is only a matter of pollution control
are missing the bigger picture.
We are poised at the threshold of an historic moment
in which many of the world s industries may be transformed.
check out this link:
u can check out some examples of wealth from waste products by clicking on the following link
Solid waste management poses stupendous problems as well as unlimited opportunities for turning waste into wealth. The environmentalist concern for containing pollution levels and conserving non-renewable natural resources has focussed attention on the three R s, namely Reduce, Reuse and Recycle waste materials. A careful study of the progress made by Metro Toronto in Solid Waste Management (SWM) reveals eye opening information for those who would like to enter the recycling market for starting potentially lucrative businesses. The SWM division of Metro Toronto manages about 5 million tons of waste per annum of which 3 million tons are disposed at land fills, leaving 2 million tons that was diverted from land fills for recycling. Land fills are not the answer to the problem of SWM due to the growing population and urbanization. The real answer lies in stepping up the rate of diversion from land fills to achieve the three R s.
Metro Toronto ranks as one of the largest municipalities in N. America and one of the few that have a well chartered plan and programme for stepping up the pace of recycling. This has given rise to a thriving recycling industry comprising more than 1000 small, medium and large businesses such as haulers, brokers, processors, recyclers, suppliers of waste reduction equipments, customised collection system designers, wholesale pick up services, confidential document shredders, waste audit consultants, energy conversion units, drum re-conditioners, converters, compactors, etc. in Ontario province alone. Some of them are manufacturers-cum-recyclers engaged in closed loop recycling in manufacturing activities like plastic compounding, paper, insulation tapes, moulded paper, cryogenic recycling of rubber and plastics, wiping cloth, fire logs, culets from glass wastes, composting, scrap metal smelting, solvent recycling etc. Metro Toronto has set a target of 90% diversion by the year 2030 from the present level of 40%. This will open up vast frontiers in recycling business making it highly beneficial to Man and Nature, besides the great potential of generating employment and income.
A glance at the financial picture of Metro Toronto s SWM will make one appreciate the truism behind the concept of wealth from waste. Metro Toronto s annual revenue from SWM has matched its expenditure of about 0m in recent years thus giving zero net expenditure. Much of the municipality s revenue comes from land fill management fees levied by it. With no more land fills available and growing community protests against it, the pace of recycling will be stepped up by persuasive, compulsory and punitive measures to achieve the target of zero land fills. The municipality has taken appropriate measures like increasing the number of waste materials that will be prohibited from land fills such as cardboard, wood, metals, paper, etc. The list will soon become so exhaustive as to cover the entire spectrum of industrial, commercial and institutional wastes and will call for total recycling of all wastes in the years to come. The ratio of virgin to recycled input in industries which is about 8 to 2 at present will get reversed by the ceaseless pursuit of environment protection. The stringent curbs on land fills through steep hikes in SWM fees for disposal at land fills has actually contributed to the remarkable growth of the recycling industry. Metro Toronto s SWM fees are among the highest in N. America at 0 to 0 per ton.
Indeed one of the beneficial outcomes of such regulatory measures is the expansion, both vertical and horizontal, of the recycling industry in Ontario province. Despite the impressive growth of the recycling market in Ontario, the actual quantity of waste materials recycled represents not more than 30% of the solid wastes managed at present. The recycling industry has unlimited scope for growth and has the attributes of a recession proof industry. It has a pyramidal structure, with hundreds of small traders who source, collect and market a variety of waste materials at the bottom of the pyramid, some intermediate processors and converters at the middle and a few manufacturers and recyclers at the top of the pyramid. It is a three-tiered structure involving very low capital outlay and technology for those operating at the bottom tier. Businesses at tier two and three are capital and technology intensive and are therefore the realm of big corporations. Government grants and funds are focussed on promoting businesses in tier two and three which get 90% funding for capital equipments. A wide range of machinery and equipments for pollution control and waste reduction, reuse and recycling are available in North American markets.