Friday, November 21, 2008

Why TATA is branded as an Indian company?

It is interesting to note that the biggest Indian conglomerate TATA is seen as a strong Indian brand that a global company. What could be the reason for this?

A close look at the theory gives some thoughts about the concept of international business strategy. Hill (2008) identifies four types of strategies: International Strategy, Global strategy, Multi-domestic strategy and Transnational strategy. Different companies across different sectors follow different types of globalization model and business strategy. ABB is given as a strong example for a company which follows Transnational strategy as it has a diversified personality in its board.

Now looking at the business model of TATA, it is fairly simple to say that they have regionocentric approach. Though off-late TATA went on a purchasing spree across globe does they integrated their purchases into the core business? Also looking at the purchases made by them it make sense that they are interested in diversification market development for selling their existing products.

If Tata Coffee is purchasing a company in kenya, is it a globalization strategy? Kenya is a leading manufacturer of Coffee. From this perspective it becomes a strategic move for long term sustainability as the company now gets access to the raw material for its business. Similar is the reason if Tata Tea signing a JV with Malaysian firm.

Looking at the purchase of Corus made by Tata Steel some years before, it can be identified that a strategic purchase such as Corus is important for the manufacturing of Tata Steel as this gives access for raw materials, technology and EU market for its marketing. But this acquisition does not make any change to the over all mission of the company and the strategy adopted by the company still remains focused in regional than global. But with multi-domestic strategy the firm is able to satisfy the customer need.

According to Adam Smith's absolute advantage in any trade that involves more than one country, it can be seen that one country gains and the other lose. Thus the countries which exports raw materials and basic services and imports high tech service which are costlier than then exports the country does. Thus the company holds the brand identity of India to the world thus acting as a gateway to the country. From my point of view this is the main reason for the company to branded as an Indian company.

Sunday, November 9, 2008

Ten Commandments for Peace of Mind!!!

1. Do Not Interfere In Others' Business Unless Asked.
Most of us create our own problems by interfering too often in others'
affairs. We do so because somehow we have convinced ourselves that our
way is the best way, our logic is the perfect logic and those who do not
conform to our thinking must be criticized and steered to the right
direction, our direction. This thinking denies the existence of
individuality and consequently the existence of God. God has created each
one of us in a unique way. No two human beings can think or act in exactly
the same way. All men or women act the way they do because God within them
prompts them that way. There is God to look after everything. Why are you
bothered? Mind your own business and you will keep Your peace.

2. Forgive And Forget.
This is the most powerful aid to peace of mind. We often develop ill
feelings inside our heart for the person who insults us or harms us. We
nurture grievances. This in turn results in loss of sleep, development of
stomach ulcers, and high blood pressure. This insult or injury was done
once, but nourishing of grievance goes on forever by constantly
remembering it. Get over this bad habit. Believe in the justice of God
and the doctrine of Karma. Let Him judge the act of the one who insulted
you. Life is too short to waste in such trifles. Forgive, Forget, and
march on. Love flourishes in giving and forgiving.

3. Do Not Crave For Recognition.
This world is full of selfish people. They seldom praise anybody without
selfish motives. They may praise you today because you are in power, but
no sooner than you are powerless, they will forget your achievement and
will start finding faults in you. Why do you wish to kill yourself in
striving for their recognition? Their recognition is not worth the
aggravation. Do your duties ethically and sincerely and leave the rest to

4. Do Not Be Jealous.
We all have experienced how jealousy can disturb our peace of mind. You
know that you work harder than your colleagues in the office, but
sometimes they get promotions; you do not. You started a business several
years ago, but you are not as successful as your neighbor whose business
is only one year old. There are several examples like these in everyday
life. Should you be jealous? No. Remember everybody's life is shaped by
his or her previous Karma, which has now become his destiny. If you are
destined to be rich, nothing in the world can stop you. If you are not so
destined, no one can help you either. Nothing will be gained by blaming
others for your misfortune. Jealousy will not get you anywhere; it will
only take away your peace of mind.

5. Change Yourself According To The Environment.
If you try to change the environment single-handedly, the chances are you
will fail. Instead, change yourself to suit your environment. As you do
this, even the environment, which has been unfriendly to you, will
mysteriously change and seem congenial and harmonious.

6. Endure What Cannot Be Cured.
This is the best way to turn a disadvantage into an advantage. Every day
we face numerous inconveniences, ailments, irritations, and accidents
that are beyond our control. If we cannot control them or change them, we
must learn to put up with these things. We must learn to endure them
cheerfully thinking, "God wills it so, so be it." God's plan is beyond
our comprehension. Believe in it and you will gain in terms of patience,
inner strength and will power.

7. Do Not Bite Off More Than You Can Chew.
This maxim needs to be remembered constantly. We often tend to take more
responsibilities than we are capable of carrying out. This is done to
satisfy our ego. Know your limitations. Why take on additional loads that
may create more worries? You cannot gain peace of mind by expanding your
external activities. Reduce your material engagements and spend time in
prayer, introspection and meditation. This will reduce those thoughts in
your mind that make you restless. Uncluttered mind will produce greater
peace of mind.

8. Meditate Regularly.
Meditation calms the mind and gets rid of disturbing thoughts. This is the
highest state of peace of mind. Try and experience it yourself. If you
meditate earnestly for half an hour everyday, your mind will tend to
become peaceful during the remaining twenty-three and half-hours. Your
mind will not be easily disturbed as it was before. You would benefit by
gradually increasing the period of daily mediation. You may think that
this will interfere with your daily work. On the contrary, this will
increase your efficiency and you will be able to produce better results
in less time.

9. Never Leave The Mind Vacant.
An empty mind is the devil's workshop. All evil actions start in the
vacant mind. Keep your mind occupied in something positive, something
worthwhile. Actively follow a hobby. Do something that holds your
interest. You must decide what you value more: money or peace of mind.
Your hobby, like social work or temple work, may not always earn you more
money, but you will have a sense of fulfillment and achievement. Even
when you are resting physically, occupy yourself in healthy reading or
mental chanting of God's name.

10. Do Not Procrastinate And Never Regret.
Do not waste time in protracted wondering "Should I or shouldn't I?"
Days, weeks, months, and years may be wasted in that futile mental
debating. You can never plan enough because you can never anticipate all
future happenings. Always remember, God has His own plan, too for you.
Value your time and do the things that need to be done. It does not
matter if you fail the first time. You can learn from your mistakes and
succeed the next time. Sitting back and worrying will lead to nothing.
Learn from your mistakes, but do not brood over the past. DO NOT REGRET.
Whatever happened was destined to happen only that way. Take it as the
Will of God. You do not have the power to alter the course of God's Will.
Why cry over spilt milk?

Thoughts I liked from what I read

I'm against the $85,000,000,000.00 bailout of AIG.
Instead, I'm in favor of giving $85,000,000,000 to America in a 'We Deserve It Dividend'.

To make the math simple, let's assume there are 200,000,000 bonafide U.S. Citizens 18+.
Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..
So divide 200 million adults 18+ into $85 billon that equals $425,000.00.
My plan is to give $425,000 to every person 18+ as a 'We Deserve It Dividend'.
Of course, it would NOT be tax free.

So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife have $595,000.00.

What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Enable Deadbeat Dads to come clean - or else

Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back, and of course, for those serving in our Armed Forces.
If we're going to re-distribute wealth let's really do it...instead of trickling out a puny $1000.00 ( "vote buy" ) economic incentive that is being proposed by one of our candidates for President.
If we're going to do an $85 billion bailout, let's bail out every adult U S Citizen 18+!
As for AIG - liquidate it.
Sell off its parts.

Let American General go back to being American General. Sell off the real estate.
Let the private sector bargain hunters cut it up and clean it up.
Here's my rationale. We deserve it and AIG doesn't.
Sure it's a crazy idea that can "never work."
But can you imagine the Coast-To-Coast Block Party!
How do you spell Economic Boom?
I trust my fellow adult Americans to know how to use the $85 Billion 'We Deserve It Dividend' more than I do the geniuses at AIG or in Washington DC.
And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Talk about a stimulus package!

Ahhh...I feel so much better getting that off my chest.
Kindest personal regards,
A Creative Guy & Citizen of the Republic

PS: Feel free to pass this along to your pals as its either good for a laugh or a tear or a very sobering thought on how to best use $85 Billion!!