GD TOPICS 1. Is Foreign Direct Investment (FDI) in retail sector good for India? I think it cannot be clear-cut referred as good or bad as every coin always has two faces. ADV : If foreign investors will enter into retail market then the inflow of foreign currency will increase which will ultimately improve the economic growth of India. Along with, India will get improved infrastructure & transport facility. Countrymen will be able to get quality products at cheaper rates as it has been observed that globalisation leads to cost reductions at the same time improving the quality. They give competitions to other Indian companies and due to this it decrease the risk of manufacturing a low quality products which is the most effective thing about FDI. DIS : Small retail shop will suffer:India is one of the most price sensitive market with majority of the section living below or just above poverty line in such price sensitive market these foreign competitor would suffer to provide it cheap and our local kirana walas will keep surviving. 1 Big multi-retail mall = Can pull/affect the business of around 300 small shops (or even more) The foreign companies who wants to invest in INDIA, the main motive of them is to develop their own country and to earn a lot of profit by attracting the Indian consumer with new types of products and services. CONC : Foreign companies like coca-cola, pepsi etc earn a huge profit from Indian market but it is seen that such companies are not at all beneficial for Indian market. Foreign technology is highly advanced and so are their products. When foreign product are launched in the Indian market, it becomes difficult for Indian companies to compete with them. India money is flowing out of India in the form of profit. So. FDI should not be allowed in India.We could improve every thing by our own, we have rich resources and manpower and intellect. We don't need anybody's help. Foreign investment should be allowed in India only if it is beneficial for Indian economy. The prime purpose of investment should be to increase employment in the country.
'NO ONE CAN BECOME INDEPENDENT BY BEING DEPENDENT ON OTHERS, DEPENDENCY WILL MAKE YOU SLAVE'.
2. Multinational Corporations (MNCs): Are they Devils in Disguise? No one in the world is perfectionist, So are the MNCs. Brighter Side: MNC's have brought about tremendous economic development in our country along with great hike in job opportunities for the young generation thereby reducing the unemployment index of our country. They have introduced innovative technologies and given alluring opportunities to the deserving youth. It has led to A competitive environment. Darker Side: Drain on Indian resources, Indian money flowing out of country in the form of profits. Stiff competition for small companies The long working hours and even the rotational & odd shift timings (night shifts) in certain MNCs has an total negative impact on mental as well as physical health of individuals Promotion of foreign culture.
3. How to Deal with High Oil Prices? Oil in India is mainly imported from Arabic countries and the transaction of all this import is done in dollars so when the dollar price increases the Indian companies have to PAY FOR FOR IT and dollar price depends upon following factors. 1. Government. 2. Economic development. 3. GDP. 4. Economic growth. Well this subject is very serious. The increasing price of oil creates problem in transportation and comforts of common man. As there is many alternative of serious issues so this problem also has alternatives. For dealing with high prices of oil we must use some battery support vehicle instead of fuel support vehicle. We can use the regular transport system running on the road other than our own vehicle.
4. Are Indians Less Quality Conscious? What I think about the topic is that the word INDIAN in itself is group of very dissimilar people. India is very big country and its countrymen also differ from state to state even from city to city. It is the very diversified country. Sometimes we assume the world ,by keeping in mind only our surroundings. But the fact is that "WE LIVE IN INDIA, BHARAT IS VERY MUCH DIFFERENT" which is still unseen by us. The people like us who are living in big cities are very much quality conscious & always prefer buying brands and all that. But there is also the another face of India where people are unemployed, uneducated. , they can't even afford their basic living. They many times compromise the quality for the sake of fulfilling the necessities of their family members. Hence it would not be appropriate to comment that Indians are less quality conscious.
5. Ethics in Business are just a Passing Fad For any business to be successful in long run, people on either side of the dealing should be profited in a fair manner. Without this nothing can stand long, this is the law of nature. So, if in a company business ethics are overruled, maybe it might profit the company at present but in long run it would render devastating. A company must follows some ethical principles for the well development of company. A company that follows ethics have good name in the market. Every businessman should be loyal to his customer. Every business should provide quality product and services to the customers. A business which maintains good relationships with the customers is said to have good ethical value. A company must satisfy both customer and employee's. A satisfied employee will work hard for company and a satisfied customer will buy the products again and again. All these can happen only if the company has ethics.
Ethics means Moral principles that governs by any person or group's behavior. Business ethics is very essential for the smooth conduct of any business. Ethics in every Business needs to emphasize on the various circles such as customers, employees, environment, societies, etc (by means of providing good quality of products, Eco friendly products and considering the moral values of the society) to survive in an everchanging competitive business world. So according to me ethics in business can never be a passing fad. A good ethics will give Triumphant to the business. Hence I strongly oppose the jargon " business ethics are just a passing fad (i.e business environment is not a passing fad.)
6. Is the Consumer really the King in India? consumer is the king not only in India, but for any company throughout the world. A company fully depends on consumers satisfaction. But consumer taste will changes frequently. So a company must consider the points like taste, interest, preference of a consumer. We have two types of market in India public sector and private sector. In private sector we have lot of choices in every field whether it is related to food and beverages, clothing, automobiles etc. Consumer choose the best option for them. So growth and decline of the brand depends on customer. In public sector we have less choices like in LPG, transportation facilities but at some point consumer also rules in this sector. As government Has also started luxury/volvo buses for long distances besides simple roadways buses for customers. As people like to travel in luxury buses rather than normal. So, according to me consumer is really a king in India because a company always have to consider customer's taste, preference, affordability, choices, needs etc. A customer always choose the item which results best and is easily approachable.
7. Commercialization of Health Care: Good or Bad? Since every coin has two faces likewise commercialization of health care has good as well as bad aspects. Good aspects, people who are in good position want them to be treated in good private hospitals as they expect good facilities and proper care and the faculties in private hospitals are very attentive and the treatment they provide will be best of the technology. Bad aspects, people who are below poverty line can not afford such high amount to get treatment for them government has to take care by providing good facilities with affordable price. Commercialization is way to increase the profit of the one, so on applying the commercialization on the health makes bed effect just because by applying the commercialization the doctor always thinks about their profit that makes the poor guys in trouble those are unable to pay money for their cure many times the poor guys are scarifies with their health just because of the high rate for the treatment this came due to doctor invest their money in commercialization for increasing the profit and they recollect their money by the people that could make the commercialization bad but it would be good when it will use in research process for finding the different way for the disease. Thus we know well that, Education and medical facility are two most important and basic need of any human life. Any decrement on these two will lead our society toward down stair.
8. Is there any Point in having a Business Strategy when the World changes from Month to Month?
This topic is most desirable in present business scenario. World strategy is changing day by day. To compete this world we must be part of this strategy. Business is the key factor that relates an organization to its success. Since world is changing day by day so we can't rely on existing strategy. But if we make a plan properly and execute strategy according to this plan may be we should not need to change the strategy day by day. I believe that a business strategy is the backbone of any business. Business strategy is the driving force of any company; it gives a goal for any company. So in my opinion business strategy should be market oriented and should be flexible i.e. so that it can be changed according to market situation, and then a firm can get maximum profit even in crucial market situation. With this, I want to say that the adaptability of the company to the changing market should be the main ingredient for success of any company in the market!
10.
For
- It definitely is a time pass activity as it contains lots of fun activities, like games that are used by people on a regular basis to get out of their boredom. - Being a social networking site it is just a means of communication where people can make new friends or connect with long lost friends. - People become so addictive towards it that they spend most of their time socializing via facebook. - People meet new people; make new relationships through this network which increases the healthy interactions among them. Against - Individuals connect through facebook to their co-workers or colleagues which helps them to remain up to date. - Facebook is used to advertise products which are relatively new in the market and can be easily purchased through facebook. - It is good way to update people about the recent events taking place nearby or in the world. - Facebook being a quick and effective way of communicating (people separated by time zones) can not be termed as a time pass activity. - Facebook teaches a lot of new aspects about different websites.
12.
When any relationship breaks, personal or professional, it is extremely difficult to analyze and conclude who is responsible and who is at fault. Any contract has certain rules and regulations laid down. When a contract is being framed, many best case and worst case scenarios are considered. The relationship seems to have come to an end because of some misunderstandings in the rules. For: - Its tragic as the breakup of this relationship was abrupt. - The contract was of around 12 years amounting to a lot of money. - Sahara claims to have accused BCCI of not appreciating or considering the formers emotions. - It is believed that one of the reasons was because of a player who couldnt play in the IPL and Sahara expected BCCI to add the players amount in the contract. - Sahara claims that BCCI had disqualified them from the 2008 IPL without giving any tangible reasons. - Several players were supposedly retained by IPL. These were the best players that Sahara said shouldnt have happened. In a way its fair as every sponsor should have the r ights to bid for any player. Against: - Its business end of the day. No contractual relationship can break because of one issue. - The reason because of which the player who couldnt play was extremely sensitive and unavoidable. Sahara perhaps could have negotiated on a replacement. - It is believed that Sahara assumed on a certain number of matches in IPL. BCCI refused on a refund. This seems to be an extremely prominent issue that could have been forecasted. The chairman of Sahara doesnt seem to be rigid on talking about the issue. It is true that petty reasons cant break contracts amounting to a lot of money, what went wrong was perhaps some unavoidable circumstances in which neither of the parties were ready to negotiate. It is said that Sahara has decided to pour some money a welfare foundation. It aims to develop 20 rural/semi urban sports development centers.
Mobile phone has its own advantages and disadvantages. With the help of it we can get connected to any part of the world. On the other hand it has many health hazards attached to it. Somewhere our life has become dependant on it. We have become its slave. Hence, it can be concluded that it is a great invention but its usage should be controlled.
For - Technology is uniformly distributed throughout the country, but urban areas are far ahead in technology. Thus more technology results in more employment and more income, thus the difference between the urban areas and the rural areas. - There is a major cut down in the employment charts as technology reduces the dependency on manpower which is favorable to an organization(as it leads to more profit) but it makes lot of people lose their jobs. - This brings in light the difference between the rural and urban people as the urban people have the knowledge about technology, making them the obvious choice of selection by organizations. - Not only does it results in economic inequalities but also social ones. Individuals with high income are given more respect and are looked upon with high esteem in our society. - Companies opt only for those who are technically sound, further demoralizing other individuals and pointing to some gaping holes in the Indian education system. Against - Technology can be used to provide better education and understanding of its applications, making it an effective tool for every individual. - Technology teaches an easier way of doing things effectively and efficiently. - More sources are utilized thus creating more employment. Technology also gives rise to new innovations and it helps in various discoveries. - It plays a pivotal role in developing a countrys economy and also their mind -sets. - Technology gives a man power to be equivalent to a machine. - Inhouse technology helps in getting the country name and fame on international platform. - Improvement in technology today means less dependence on other countries in future.
Technology works as a catalyst in the growth of a country, it bridges the income gap between the poor and the rich by creating employment opportunities but due to the less use of technology in India it is seen as an income disparity. In this modern world where Time is Money, makes ones life simple. Thus technology does not create income disparity rather helps in removing it.
18. Education is what remains after one forgets what one has learnt in school
For most of us, education is all about how many degrees we have. We dont concentrate on what we have learned. Education today, is mostly about grades and percentages. For: - The education system concentrates on everything rather than concentrating on our specific interest. We cant possibly remember all of that. - Education is all about what we learn. In school, even though we learn a lot, we start to mature only much later. - We forget things when we dont experience them. Schools, usually give more of a theoretical knowledge. - Real exposure comes much later. Hence, what we learn is forgotten.
21. A man with words and no deeds is like a garden full of weeds
A man with words and no deeds is like a garden full of weeds targets those people who only talk or perhaps talk big and dont anything. There are people who just keep having big goals but they do nothing to achieve them. While it also depends on luck, we must try to strive towards achieving what we want. For - Some people only talk good things or makes promises. However, these people do nothing to keep their goals. - After a point of time, people realize your true color and stat to distrust you.
22. If you give a man a fish, he eats it once. You teach a man to fish, you lose a business
opportunity If you give a man a fish, he eats it once. You teach a man to fish, you lose a business opportunity means that in an attempt to help others, and at times we land up giving ideas and solutions for people to grow. This way, an opportunity which could have worked for us, will be grabbed by the other person. For: - It is the survival of the fittest. If we land up helping people, we land up giving them a way to interfere in your success. - When you help and teach someone, that person in turn goes and teaches the same thing to somebody else. This way you keep losing business opportunities. - If you always land up helping others, people tend to take you for granted. - Consider an example of someone who sells a commodity. If you land up teaching him the tactics that worked for you to attract customer, he will attract all your customers. Against: - It is not bad to help others. When a person is in need, you must help them. - Most of the times, in an attempt to help others, you also land up striking a business opportunity with him. - If you dont help others with the fear that you will lose business opportunities, it will only make you more insecure. - You should make yourself capable and confident enough that even when you help people, nothing should act as a road block. - If not through you, somebody else may help. This way you not only put strains in your