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Declining GDP and Shattering Household Income. What Does GDP Drop Mean for a COMMON MAN?

Let us define a COMMON MANby linking the famous cartoon of RK Laxman. The above picture (courtesy: RK)is a clear caricature of a COMMON MAN.  Do not ask how many cars he got and how well he has been employed.  He used to go on foot years back but later moved to bicycle and of late he uses public transport or two-wheeler.  If somebody offers coffee or tea, he takes it with a big sense of gratitude.  He never snatches anybody’s livelihood.  His income is meager, and he can be an agriculturist, Read more [...]

Need to Change Hospital Business Model to Overcome Challenges- Healthcare System Post Covid- 19 and Growing Healthcare Cost

The recent pandemic has turned out to be the greatest threat to business continuity and it affected all sectors of the business.  Hospitals and associated healthcare system which are in the frontline have been equally affected even though one will consider this sector benefited out of treatment opportunities. The magnitude of the problem and lack of infrastructures especially in the underdeveloped regions have badly affected the hospitals and clinics.  Many hospitals and clinics were not prepared Read more [...]

e- Learning – Emerging Business Models with COVID – 19.   Review of the Booming Online Education in the Coming Years

The education market in India has been in comparatively higher growth orbit for a long time.  There are multiple reasons for such growth in addition to the growing disposable income and the growth of nuclear families in both urban and rural India.  The education market was forecasted to be worth about $180 billion by 2020, growing at 20%, much higher growth rate compared to any other industry.  Online education is not new to India.  There are multiple entities that were offering online education Read more [...]

Pandemic and Business Continuity – Plan to Outline Organization Functioning During and After Pandemic

Organizations worldwide have been reacting to the recent pandemic outbreak COVID-19, in a number of ways, from restricting non-essential workplace travel to canceling big events.   All organizations need a business continuity plan to keep moving in this pandemic arena.  An ideal business continuity plan outlines how a company can continue to function during and after the pandemic.  It includes planning about how the key services or products will be continued.  Some employees will be incapacitated Read more [...]

InsurTech and Insurance Claim Processing – Defining New Business Model in the Insurance Industry

InsurTech is rapidly and silently growing across the insurance industry which will have wider ramifications in the industry in the coming years.  InsurTechis mainly the use of technology innovations to bring higher operating efficiency in the insurance industry.  Most of the major insurance companies have implemented one or other forms of technology which would result in faster enrolment, quicker processing, and reduce the scope for errors in its cycle.  The recent advancement of InsurTech will Read more [...]

Important Points While Pitching for Angel Investment– Importance of Founding Team and Business Plans in Investing Decision

While pitching for Angel Investors one needs to look into multiple factors that influence the decision. The market potential of the product remains as the prime factor. It is important for the founders of the startup to do preliminary market research and understand the market potential, and its influence over the business. They should be ready to explain the valuable insights like the market share, number of competitors, consumer personas, financial margins, and more. In addition to the same, one Read more [...]

Who will Lead Management Consulting in the Coming Years? What is Technology Consulting & Relation between Technology Consulting and Management Consulting?

Technology consulting has grown over a period of time around the developments of emerging technologies in the recent past.  The advancement of technology has influenced the everyday life of a common person, and it became an integral part of life.  Technology plays a significant role in businesses, and it resulted in the need for experts in technology in an advisory role to help companies make the use of technology effectively. Technology consulting helps companies become more successful and Read more [...]

Digital Age and Business Consulting – Evolution of Business Consulting and Types of Business Consulting

The topic Management Consulting was more about supporting businesses with assembly line design and shop floor organization in the beginning and it emerged in the US in the late 19th and early 20th century.  Overall, the goal is to increase productivity in business which stands good as today. The technological revolution brought exponential growth in the corporate sector and businesses have been increasingly seeking guidance from expert consultants in this regard.  Businesses rushed to seek professional Read more [...]

Global Video Gaming Market Forecast for 2022 – Mobile Segment is the Major Source of Revenue in the Gaming Market

The video game industry is bigger than the music and film industry combined.  According to the market research report, the video game generated revenue of $139 billion per year.  The mobile segment is the leader with 51% contribution, and this segment is poised to make an increase in revenue by 60% till  2021.  The following chart depicts the revenue segments of the global gaming market. The technology market research about the gaming industry has brought very interesting facts and figures. The Read more [...]

The Importance of a Financial Forecasting in Business Plans – Main Components of Financial Forecasts

Business planning is vital for the survival of any business and it is a strategic tool for entrepreneurs.  A well-documented business plan helps to focus on most important activities to make an enterprise to succeed.  A good business plan will have both short-term and long-term objectives which the management needs to focus on to achieve the same per the time scale. Financial planning and forecasting give life to Business Plan.  The financial planning includes various financial statements that Read more [...]