Dec 4, 2010
Nov 20, 2010
How to price IT products in 7 steps?
The technical team or the product development team has come up with a ground breaking product. The technology can have a deep impact on the customer. The technical team knows it, and so does the customer. The contract for a long term engagement is about to hit off, and then the customer asks how much will this technology cost his pockets? In this competitive world, the technology developers do want the best price for the technology, but at the same time, they really do not know what the best price is to which your customer will give the green signal for a long term engagement. So how does one price an IT product?
Since IT products are intangible, it has been recognized that the best price for intangible products should never be determined by production costs. Cost can be the “floor” of pricing alternatives and the customer’s quantified benefit in monetary terms should be the “ceiling.” The best price lies somewhere in between and that should be based upon the value of the technology to the customer.
This pricing can be done in the following steps:
- Decide the various unique benefits from your product, such that there is no overlap.
- Quantify the objective of deliverables for each benefit, by discussing the same with your client.
- Map each benefit to its monetary value from the client’s data (or industry average).
- Ask the client how much percentage deviation is acceptable from the quantified objective of deliverables mentioned earlier.
- Discount the monetary value of each objective with the deviation percentage.
- Sum up the discounted benefits.
- Discount that sum by the operating profit margin of your client, and quote the calculated price.
Nov 10, 2010
Life if full of critical decisions: "Think before a big risk decision"
Every person on this earth must have to take decision on every step of life. Many a time we don't have much time to thing, so taking right decision is the only way of success. In this video I found a decision taken by a confident & intelligent person. But, his parents were not in favor of that decision. So what could be the best criteria to take big risk decisions. I mean different personality has different way of thinking.
Oct 29, 2010
" India is thinking for 3G, World is thinking for 4G." Story of GSM in Telecom
Sep 27, 2010
Power Of Technology & Internet In Empowerment of Indian Citizens.
An article on “Power of technology in empowerment of Indian citizens" in "The Economist Times" encourage me to share key learnings with you all. This blog is all about penetration of Internet & PC in rural India. The planning & problems government tackle to reach rural citizens.
Aug 10, 2010
Scope in Internet .."Online business"
After so many days of brain-storming, i came to personal conclusion that "Indians to start the Internet Business." And there are several reasons for that. One reason is, it requires low to minimal start-up capital and a manpower to start it. This is very important. This is the one and only major entry barrier which prevents people to start their offline business. In the real world, all the assets such as Man power, Real Estate and Business Equipments are getting more and more costly and that’s why to a new com-mer it is next to impossible to start a new business in the offline world. But in case of the Internet, you can start your own online business without investing much money. The best part about online business is that you can start it from your home without the hurdle of anyone and that’s why you can grow it without the hurdle of anything. Another advantage of the internet business is that, there are literally over a billion people around the world who access the internet and that’s why Internet is a huge money making opportunity and a huge space to expand your business like anything. Thus, if I/you are young than in my opinion we should start our own internet business as early as possible means now. This is because it will take a time to grow your internet business and start adding some positive cashflow. The earlier you start your own business online, the richer you will get. And Believe me, There is a huge scope for Online Businesses in India. So start it early.
Take some initial guidelines & start as soon as possible. Start with passion.Find the opportunity & start working on them. Important is to take first step..Today is your time!!
"New idea's never come to stop"
Search Amazon.com CellPhones for
Jul 20, 2010
Information Technology (IT) industry has played a key role in putting India on the Global Map
Today I am here give facts & figure that how emerging world something that is comparable to the rich world. Developing world are becoming the hot bed of innovation .They are coming with new product & services which are dramatically cheaper than the developed world. All are working with new business model from supply chain to recruitment & retention are being reinvented in one to another emerging market.
Till now the countries known as cheaper hands are now becoming the innovation hub. Why? The reason behind is that small/local campiness start looking bigger dreams. The United Nations World investment Report calculates that there are now around 21,500 multinationals based in the emerging world. The number of companies from India, China, Brazil & Russia on the Financial Times 500 list more than quadrupled in 2006-08, from 15-62. Multinationals expect about 70% of the world’s growth over the next few years come from emerging markets, with 40% coming just two countries, China & India.
Because they (China & India) pouring the resources in education, as China produces 75,000people with higher degrees in engineering or computer science and India 60,000people every year. The world’s biggest multinationals are becoming increasing happy to do their R&D in emerging market.
Knowledge intensive companies such as IT specialist and consultancies have coming to emerging countries. For example, a quarter of Accenture’s workforce is in India. There is huge opportunity because there is large population, growing very fast in China & India, hundreds of millions of people will enter the middle class in the coming decades. Brain power is relatively cheap & abundant: in china over 5million & in India 3million people graduate every year, four times & three times the number a decade ago. Until now, it had being assumed that globalization was driven by the west & imposed on the rest. But now scenario has changed after 2008 world economy recession.
May 6, 2010
Success in business & life learn the "connecting the dots" process...!!!
- Do only high leverage activities & priorities that will advance your life’s mission & legacy, than every thing will change.
- In this new era of economy the greatest thinker would be more successful person
- How high you will rise in your life will be determined not by how hard work but by the how
- Success in business & in life is a “connecting the dots” process
- Time slips through our hands like grain of sand & the time to live greatly is not tomorrow buttoday.
- To improve your life, you must first improve your thinking.
- Forgiveness is a great act of spirit & personal courage
- Time is priceless commodity & the best time to live a richer, wiser & more fulfilling life is now.
- Read & think every day something new no one else is thinking.
- Life change takes time, effort & patience.
Apr 14, 2010
"Right To Education" is the journey of good start..
-Prime Minister Manmohan Singh
Apr 2, 2010
Male Vs Female : who is the best entrepreneur ?
From the time of empire,the thinking of a common men is that women are less strong in every field. They think that women are only for the care of children,mother,wives & ran the household.But as the time going on women were proved themselves equal to the men in almost in every areas.
Mar 20, 2010
Agriculture business is the best solution of poverty elevation,if we implement very soon...!!
Today we had a great session on agriculture, natural gas & cloud computing etc. by Chief Mentor Sandeep Manudhane {PROTON business school,Indore } the magazine "The economist". I wrote a blog on Agriculture for its opportunity & problems in India in this sector.As sir told us that China started its success path of revolutionary by growth in agriculture first, second revolution of industry & in future concentrate on service sector.
But in India first biggest revolutionary of industry from 1990's then service's & in future would be agriculture revolution. China controlled there poverty first then went for development.So for removing the poverty, we have to concentrate on agriculture advancement then we can think of supper power.
As we all know that more than 65 % of population of India living in villages, they basically depend there livelihood on agriculture & related to it.But science Independence of 60's years we are not well self-sufficient as good as other countries. Might be government providing lots of subsidies to the farmers.We could not forget the Mr. swami Nathan, who improved somehow the condition of agriculture.
As given in The Economist that politicians only taking the credit of enormous population in rural is only for "There vote note for the Growth". Ashok Gulat of the International Food Policy Research Institute points out that an additional spent on agriculture research yields 9.5 rupee output compared to .85 rupees of output on spent on subsidies.
India also a 2nd-biggest exporter of cotton & 3rd -biggest producers of potatoes in the world. As given an example of McDonald's (first entered in India 1996) :for fries, supply chain begins with 2000 acres of potato fields in Gujarat cultivated by 400 farmers under contract with McChain Foods. Other examples are :Nestle, Unilever, schreber International & Pepsi starting doing business with Dynamix Dairy In India.
So now I am going to summarize & some suggestion from my side,for the betterment in the agriculture:-
- Maximum use of new technology & new Technic of farming.
- Maximum utilization of irrigation in farming field & if possible by dropping way
- Use of hybrid seeds which gives thrice of productivity as of now in same field as in other country.
- Increasing the Investment of private companies according to govt. rule in agriculture
- Make more Dams & rivers to minimize the problems of irrigation
- There should be Time-To-Time (T.T.T.) training school for the illiterate farmers Give the good value of crops to the farmers
- There should be good consulting firms & talented doctors for the specific crop.
- Government should give the agricultural instruments in compare of Monterey subsidies
- To motivate the youth to utilize there interest & skill in related field of agriculture
After reading the blog gave some valuable feedback & motivation to the employ... comment on the sake
Mar 13, 2010
Natural birth ratio of girls & boys,but changed due to traditional consideration...!
Sex determination tests are illegal in India, but many parents -especially in rural areas still bribe to the doctors to check out their child's gender and to carry out an abortion if it is a girl. In India boys would be as a mainilly traditionally known as the bread-winer of the family. whereas girls mainly are considered a financial burden because their families must pay dowries to get the married.
As a result, the natural birth ratio of boys to girls – about 105 to 100. But in China and northern India, the ratio is now about 120 to 100. In some Chinese provinces the ratio is 130 to 100. In some places, the ratio for a third child has reached an incredible 200 to 100.
In China, the main problem seems to be the one child policy. Parents can only have one child, so many are very motivated to make that child a son. The quickest way to solve this would be to drop the policy. Also, the one child policy will cause economic problems later on, as China will have a large old population and a small young population. Thus, dropping the policy would be best.
I read an article in "The Economist" where whole issue of Gendercide discussed nicely & factfully.All the facts mentioned in that article were shows that if Indian & China's common people & government would not any fast & strict action the situation could be a worsen in the future .
“All countries need to raise the value of girls. They should encourage female education; abolish laws and customs that prevent daughters inheriting property; make examples of hospitals and clinics with impossible sex ratios; get women engaged in public life—using everything from television newsreaders to women traffic police.”
Toll of shame
50m: number of girls that Unicef estimates are ‘missing’ from Indian society
1.05: males to every female in India, reversing the world average
600: rupees now, save 50,000 rupees later” is the advertising slogan of diagnostic teams with ultrasound machines that predict the sex of the unborn child
£18,000: can be the price of a wedding and dowry. Girls are killed because of the financial burden they place on their families
9.6m: more boys aged between 0-14 than girls
1949: Year when Indian women were granted full suffrage
54: per cent turnout of women voters in 2004 election, 62 per cent among men
10m: number of female foetuses aborted since ultrasound scanning was first used 20 years ago
1994: Year when scanning to find out gender was made illegal. It is widely ignored
0: the number of cases that have come to court
24.9 median age for men and women
In my view there are some ways of balancing this sex ratio by:
1)To educate the population
2)To give more & more opportunity to the girls in every field
3)In rural areas, provide the jobs of services sector
4)Change in the thought process who are be bind by traditional views.
5) Campaign in every society for the value of the girl child.
Mar 10, 2010
The Value of "Time Management"
In my view in every one's life, time management is very crucial because only by doing time management activity many of us had done well & would do well in the future. So, learning this trick could create a lot's of difference in our success.
In my opinion some steps to time management :-
-Franklin Field
"Take care of minutes & the hours will take care of themselves."
Time =Life
Mar 9, 2010
"Those who make the worse use of their time are the first to complain of its shortness."
Jean De La Bruyere
The great dividing line between success and failure can be expressed in five words: “I did not have time.”
-Franklin Field