Wednesday 17th January 2018
  • Everything You Need to Know About Blockchain But Were Too Embarrassed to Ask

    I'm hearing a lot about "bitcoin" and "blockchain". What's going on?
    Let's start with the basics. Bitcoin is a cryptocurrency - a digital version of an asset, much like gold. In 2017, its value skyrocketed. Blockchain is the tech that underpins it. It's a powerful concept and has the potential to change the world pretty drastically.
    But what is it?
    Blockchain is known as "distributed ledger" technology. Almost everything we do, whether it's getting ill, buying a house, using a credit card, voting, traveling by car, or using public transport, involves the creation and movement of data. Blockchain is a new way of storing and moving that data, where instead of being held all in one place, the information is atomized and spread over thousands of nodes across a network, all locked together with clever cryptography. More here

    Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy

  • Foreign realty cheers FDI in broking services : The move to introduce foreign direct investment (FDI) without government approval is expected to improve delivery of broking services, suited to a particular standard.

    The Union government, in early January 2018, amended rules relating to 100% FDI (foreign direct investment) in construction development in India under the automatic route, without the need for government approval. The decision was taken at a Cabinet meeting, chaired by Prime Minister Narendra Modi in New Delhi, according to an official statement. The amendments include addition of real estate broking services under the construction sector and development of townships, etc. Essentially, it differentiates real estate broking services and eases norms for direct investment in them. Read On...

  • Infrastructure - Taking Stock; and Looking Ahead

    The construction sector, the most visible opportunity, saw a sharp rally of the stocks in this sector in 2017 on the back of execution potential, political stability and reasonable inflation expectations. Industry participants are unanimously bullish on an opportunity that is estimated in excess of Rs 18 lakh crore across roads, railways, buildings and factories (B&F), metros, affordable housing and other sub-sectors of infrastructure over the coming five-six years. Road traffic is set to grow sustainably in the next two years and the overall environment remains favorable for the sector. Read On...

  • Write like you talk

    Here's a simple trick for getting more people to read what you write: write in spoken language. Something comes over most people when they start writing. They write in a different language than they'd use if they were talking to a friend. The sentence structure and even the words are different. No one uses "pen" as a verb in spoken English. You'd feel like an idiot using "pen" instead of "write" in a conversation with a friend. The last straw for me was a sentence I read a couple days ago: The mercurial Spaniard himself declared: "After Altamira, all is decadence." It's from Neil Oliver's A History of Ancient Britain. I feel bad making an example of this book, because it's no worse than lots of others. But just imagine calling Picasso "the mercurial Spaniard" when talking to a friend. Even one sentence of this would raise eyebrows in conversation. And yet people write whole books of it. -Source: Paul Graham. More here

    Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy

  • Tip: Leaders don't have to be isolated

    If you're a senior executive, there's a good chance you're out of touch. Having a layer of handlers who decide what you should or shouldn't see may save you time, but it also keeps you isolated and disconnected. This is a serious problem. If you don't have firsthand information about your employees and customers, you're unlikely to make the best decisions. So get out of your bubble. Do a stint on the front line - answering customer service calls or handling a key client - so you get direct exposure to lower-level employees and the people who buy your products. Consider instituting skip-level meetings, where you can talk with lower-level teams (without their bosses present) about business conditions, customer reactions, and how to implement strategies. In all settings, encourage people to challenge your thinking instead of just saying what you want to hear. -Source: HBR

    Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy

  • What's the second job of a startup CEO!

    Successful startups go through three broad phases as they scale, and a startup CEO's job changes dramatically in each phase. A CEO's first job is to build a product users love; the second job is to build a company to maximize the opportunity that the product has surfaced; and the third is to harvest the profits of the core business to invest in transformative new product ideas. This blog post describes how to become a great Phase 2 CEO by focusing on the highest leverage tasks that only the CEO can accomplish. Many Phase 1 CEOs transition successfully into Phase 2, some don't. The future of your startup depends on which kind you are. More here

    Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy

  • What having a "growth" mindset actually means!

    Scholars are deeply gratified when their ideas catch on. And they are even more gratified when their ideas make a difference - improving motivation, innovation, or productivity, for example. But popularity has a price: people sometimes distort ideas, and therefore fail to reap their benefits. This has started to happen with Carol Dweck's research on "growth" versus "fixed" mindsets among individuals and within organizations. To briefly sum up the findings: Individuals who believe their talents can be developed (through hard work, good strategies, and input from others) have a growth mindset. They tend to achieve more than those with a more fixed mindset (those who believe their talents are innate gifts). When entire companies embrace a growth mindset, their employees report feeling far more empowered and committed; they also receive far greater organizational support for collaboration and innovation. In contrast, people at primarily fixed-mindset companies report more of only one thing: cheating and deception among employees, presumably to gain an advantage in the talent race. More here

    Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy

  • Beauty & Business: Women Entrepreneurs lap up India’s Salon boom

    A recent KPMG report has projected the size of India's beauty and wellness market to nearly double to Rs 80,370 crore by 2017-18 from Rs 41,224 crore in 2012-13. And here's a tale of two women - trained beauticians, who, after coming out of their mundane daily chores and starting their professional skills modestly, seem well set to expand nationally to tap this fast growing market. Sharmila Singh Flora of Flora's and Mousumi Mitra of Be Bonnie - have both lined up pan India expansion plans with their own branded salon and beauty products. Flora's at 25 and Be Bonnie at 15 thought this was the right time to branch out and expand. Read On...

  • When Distraction is a Good Thing!

    Is distraction a curse or a blessing? Not giving full attention to what we should be doing makes us miss deadlines, fail classes, and crash into other drivers. Distraction certainly has a price. Nonetheless, we love our distractions! Social media, spectator sports, movies, books, TV shows, the news, video games - what would we do without them? Clearly, there are benefits to distractions as evidenced by the fact that nearly everyone on earth seeks them out. But why? Although they seem to pull us away from more important things, what purpose do they serve? And, when at times we seem to give in to distractions, how do we ensure they serve us well? More here

    Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy

  • Consolidation in Indian telecom space continued in 2017; Year-ahead seen positive for telcos

    The disruption created by the entry of Reliance Jio last year continued to regale customers in 2017 with extended lower tariffs, free voice, and high speed data services, even as profits of incumbent operators – Bharti Airtel, Vodafone, Idea Cellular got squeezed. The impact for smaller operators was even more severe, leading to consolidation in the sector. Read On...