Thursday, October 23, 2008
Book Publishing - See The CHANGE !!
Saturday, September 27, 2008
Googlevangelism
Monday, September 8, 2008
Own a house early in Life ... What it means ?
Sunday, August 31, 2008
Does Cloud has a Silver Lining ?
Monday, August 4, 2008
Buying Pattern of Indian Customers..What it means...
If you look at buying patterns of customers in different regions and different cultures, they are very different when its actual buying of the product and not just adoring them. I've not done much research on buyers from other cultures but have been observing Indian buyers and their buying patterns in technology for quite some time.
There is very common myth that Indian buyers are choosy about the prices. In order to break the myth, Lets start with saying that - "Indian buyers are choosy about the bargains." These buyers don't go for the cheapest products but for the products with best return on investment.
Ipod, when launched in October'2001, became immediately successful in among american customers but it took two years for Ipod to prove its mettle among Indian customers. As soon as Indian customers found it to be robust, value for money and something to be relied on, they started buying it too. It was not only the shuffle Ipod which became most popular among Indians but also the higher end video Ipods too.
Have you ever thought, why it took Ipod two years to catch up whereas it took 20 years for the Mac book to catch up among Indian customers. The reason is simple, the product wasn't mature enough to attract them. Mac book sold among European and American customers even when the softwares were not available for Mac OSX. The product was evolving too rapidly to make it attractive to Indians. They adored it but didn't buy. It was when Apple announced Intel processor for mac books, the era of Mac book's perception of being a stable product started. Indians don't care for the price tag anymore. What they care for is, the quality they are getting at the same price tag.
Toyota, Honda and Nissan are the darlings of Indian Community in United States. Its very difficult to find an Indian owning an American Car (read as GM, Ford, Chrysler). This is not only the current trend but also has stayed the same for past twenty years when the gas prices were cheaper. The American cars don't attract Indians because they don't fit their criteria for a product worth buying. They want reliable, fuel efficient and long lasting automobile of high quality. An Indian would never buy GM or Jeep but would prefer buying Acura or Lexus for more money.
The biggest shopping destination of Indians in United States are the factory outlets. They prefer the best products at cheaper price to buying cheap products. . It would be rare event to see even a rich Indian buying at Nordstrom, best service and highly priced shopping store chain. They will buy the same brand at a cheaper price in Factory Outlets. This not only lets them own the best product but also pay far lesser prices.
There are numerous such instances in personal and corporate buying by Indians. The point here is that can companies take a clue from these buying patterns in judging their products. I'm sure there would a peculiar buying pattern among Chinese customers too. Companies can do the profiling of their customers. Using the profile of their current customers, they can use that information not only in making their products better but also for the efficient pricing of their products.
Today, no company should underestimate the purchasing power of upcoming Indian and Chinese middle class. They are going to be the ones, who will drive the markets in the years to come.
I would love to know more about insights about the customers from different culture. Will update you all when anything new comes to my grey cells. Till then ...keep ticking ....
Monday, July 28, 2008
something good to read ....
If you dont know him.....you should read this .....
If you do......you gotta read this one. ...
http://money.cnn.com/magazines/fortune/fortune_archive/2007/04/30/8405482/index.htm
http://en.wikipedia.org/wiki/Ram_Charan
Enjoy the read ....
Thursday, July 24, 2008
New Web 2.0 companies that seem interesting..
I see lot of web2.0 companies coming up. Though they are not very big, but are redefining the web media.
KRONOMY
http://www.kronomy.com/ - It provides you the ability to create a timeline for your life or product's life. Its very much similar to http://ourstory.com.
See Apple Computer's timeline on Kronomy
SNAPSHOTS
http://www.snap.com/ - It gives the snapshot of the webpage connected to the hyperlink without clicking on that link. The good thing is that just by moving the mouse over the link, you can see the snapshot of the link. Its very helpful and free service to get your website or blog registered on it.
VISUALCV
http://www.visualcv.com - Perfect site to make your resume. Very professional and extremely useful to make your resume look much more informative than traditional resume.
DELVER
http://www.delver.com - very useful search engine for searching people on all social networks at a go.
ALLTOP
http://www.alltop.com - good site for collection of best sites on a particular topic.
CRITICAT
http://www.criticat.com/ - rate your workplace, your manager and anybody in the workplace.
Will keep writing as I explore something new.......
Tuesday, July 8, 2008
Does Open Source Matter ?
Encylopedia may be or may be not aka Wikipedia, is another classic example of David - open source challenging closed source - Golaith. In early 1990's, Microsoft and other companies came up with a concept of selling encyclopedia in 6 cd's of voluminous data. To many, it appeared to be the most profitable idea until it was all of sudden made look silly by Wikipedia, an open source initiative. The success of wikipedia heralded a new era of open source content. The same company has also started its sister websites named Wikibooks, Wikiversity and many more. Many professors in top universities have already started putting up their classes in the form of webcasts, podcasts, wiki and e-books. Are we turning to open source in education.
Automobile Industry, one of the most popular old economy businesses, has always kept their source code open. Not because they wanted it, but because they had the limitation that they could not keep it closed. With the recent research in the hybrid and greener vehicles, Toyota spearheaded the concept of being open source evangelist in the research for greener technology for automobiles. On the other hand, Honda is betting on closed source approach by keeping their research proprietary. Only the time will tell, which approach is more beneficial for the company and the consumers.
Retail sector is the only one that is farthest from the impact from open source. The only open source thing that touches the retail sector is ebay. It started with a great idea of providing online marketplace for the people selling and buying all over the place. It not only granted the buyers the power of buying at their quoted prices but also gave them the power to rate the sellers. It stills is far away from being open source concept.
My mind fails to see the open source future trend in retail. If anyone can see that trend, please let me know. This is the beauty of open source in blog that you can contribute to my ideas and enhance it for the next reader.
There are many more industries where open source is not very clearly visible. It, definitely, is one of the forces which is changing the economies and business.
I'll continue writing about open source and how does it matter .....
Tuesday, July 1, 2008
Is it Exploding or Crashing ?????
If you are living in today's world, you should be as worried as I am or more. Living in US or India, it should be taking a toll on you. What started as one of the cyclical downturn in US, is now far more than that. As any industry booms, its destined to bust. The same happened with real estate industry in US. After dot com bust, all the money that people had to be invested somewhere. All american citizens or immigrants started investing all their money in real estate. It boomed and it busted.
What happened differently this time ? Its a sequence of events which is most disturbing.
After the sub-prime crisis, the US investment bankers are the worst hit. They are ones who run the show on wall street. Despite of all efforts by the government, the market is not recovering. The reason being the other event of abnormal surge in crude oil prices across the globe. Part of which is credited to the consortium of middle east not ready to increase the production.
What's the solution ? Can we expect something from other side of the globe - India and China. India is having the highest inflation of 13% and growing. Steel, cement and grain prices are touching the ceiling. Crude is taking its toll too. The big indian oil companies are reducing their refining capacity as they losing so much money per barrel. If the trend continues most of these companies might go bankrupt in next two years. Who bears the brunt of all these ? Government, markets and each one of us. The Indian stock market has already sinking to its two-third levels in past few months. China has the same story to tell.
Who and what will pull these markets? First guess - Investment Bankers. Most of them are going through worst of the crisis ever. Everyone knows the Bear-Sterns and Lehman story. Rest of the funds and banks are not too far away. Second guess - Growth Potential of India and China. This one looks very promising but over past few years, the biggest consumer of Chinese products and Indian services has United States which in itself is going through a bad patch.
An interesting instance of this vicious circle came to notice couple of days back. Lehman Bros' stocks are down to one-fourth of 52 week high. The company is fighting tooth and nail to save the entity. They raised the funds of $6B from middle east. Next comes the news, Lehman turns to Indian economy for growth. They plan to invest $1.5B of those funds in Unitech, a construction company in India. On the other side, with exploding inflation, Indian stock market is crashing. Indians are losing money on both sides - the stock market as well as rising commodity prices. Very soon, Indian real estate will also follow a downcycle because of these factors. By now, you would have guessed what happens to the money that Lehman invested.
The question that comes to my mind is that: There is something wrong ???
How come commodity prices are just shooting up so much all at the same time. This can't be real. Nothing changed so much in the world drastically in past four months. There is something artificial which is driving commodity prices.
How much can artificial rigged commodities affect the economies. To take a peek, lets consider living in a world six months down the line. The crude prices crossed the $250 mark last night. With rising fuel costs, people have almost stopped flying. Two US airlines went out of operation and others are bleeding. Sky rocketing steel and cement prices have made houses so much expensive, people can't afford to buy them. The real estate prices continue to fall collapsing many big construction companies. People are seeking alternative to gasoline. Commuting has drastically reduced with so many people working from home. Automobile companies are trying to keep up with new cars running on electricity. Tech companies are cutting their staff as their clients are not making money and are not ready to spend money on the IT infrasture. Banks are cutting jobs to keep themselves in shape. I went to my office this morning. Guess what. My services are no more wanted :(
Isn't that quite a scene of mayhem across the globe. Is that what they call global recession.
Can you see it coming ??? Well, looks a little bit blurred from here. Isn't it ???
Monday, June 23, 2008
Update on my automobile credit crisis blog
News 1
News 2
Will keep you all updated if anything new comes up ....
Sunday, June 22, 2008
The World is Flat or Round. Exploring..
The book starts with a section, which educates the readers, about the factors which have led to flattening of the world. The ten flattening factors/events being:
- 11/09/89 - Fall of Berlin Wall and Division of USSR - event that led to liberation of people from chains of cummunism and opening the gates of capitalism.
- 08/09/95 - Netscape IPO - The New age of Connectivity and evolution of Internet, the big leveller for people across the globe.
- Work Flow Software - The evolution of web-services, platform independent approach towards computer applications and collaboration software which allowed people to work in teams from all over the world.
- Uploading - aka Open-Source approach of harnessing community power for content development, collaboration and knowledge management.
- Out-Sourcing - Y2K which started the era of outsourcing exposed the western world to cheaper easter frontiers. This wave started from technology but has now swept across all the industries in the west.
- Off-Shoring - Moving the expensive work done in US and Europe to the lands in India and China at a cheaper cost and gaining price advantage.
- Supply-Chaining - Though Wal-Mart is always painted as Supply Chain champion bringing the its advantages to the common people, yet all the companies are synchronizing their operations through supply chain to bring out operational efficiency.
- In-sourcing - process of diversifying in the areas sorrouding your expertise. It can be best illustrated with UPS example in which they transformed themselves from a carrier to logistics company which helps companies in managing their logistics operation.
- In-Forming - Nothing more and Nothing less than Google can explain it. Google has brought the information revolution making same info available to everyone.
- The Steroids - Small Gadgets like Cell-Phone and PDAs are shrinking the world and bringing to your fingertips at every moment.
- Emergence of Web platforms and Investment in Fiber Optics Connectvity.
- Opening of three big economies in 90's - India, China and Russia.
- Companies of the West searching for next level of Operational Efficiency.
For guys who want to read this book online: Download here
will continue writing as I sail through the river of thoughts .....
Thursday, June 19, 2008
Is Automobile Credit Crisis in Future Waiting....
Can we think of any credit crisis in future ??? Can we see it coming ???
I don't know if I'm thinking in the right direction. Its a long shot as foresight is much harder. Everybody is worried about Crude and Gas Prices. Have you ever imagined what if Crude actually goes past $200 or may be $250 in a year. With Obama coming to white house, the tax breaks for oil companies would be gone. The gas prices will hover around $7-$8. With a economy already in a bad shape, will people be able to afford such highly priced fuel? Yes, for sometime ofcourse. What happens next.
The Big Bang !! Alternate sources to fuel !! May be electricity or Fuel Cells !! Nobody is going to drive the existing automobiles. Not because they dont want to but becuase they can't afford to drive.
What happens to automobiles on mortgage or loans. People will start doing the same what they did with their houses. They will start to default. It makes sense to default as the rate of interest of the loans is high, the gas prices will be high and an automobile is a depreciating asset.
Who will take the loss ?? What happpens Next ??
The automobile companies or banks confiscate the vehicles. The cars go back either to manufacturer or the financial institution. Its will be difficult for all of them to sell those vehicles again. Who's going to buy them ? Now the main question - Where do they get their money from ?? Is it credit crisis for the bank or Manufacturer ??? Who will be worst affected ?? How much will Automobile loans rate of interest shoot up ?
The other side of the story can be - with Middle Eastern countries increasing the production, the crude prices might go down. Alternate sources fuel are also big threats for such countries as they do not have anything other than oil to support their economy. With US economy comes out of the current recession soon and with commodities market cooling down , things might get better again. Another reasoning to this not happening in near future so sharply can be that automobiles are not as big liability as houses are. The automobile liability is usually around one-fifth of the housing liability. So people can bear with the existing vehicles for a time being or start using public tranport or gradually start moving over to other sources of fuels. I don't know if this will actually happen but its a big possibility.
Sunday, June 8, 2008
twitter - Welcome to the world of MicroBlogging
Kung Fu Panda - a truly Asian American Movie
Philosophy of "No Quitter attitude" and "I am the God" in the movie is very apparent and many times explictitly stated. With all the animal characters in the movie and storyline in backdrop of China, the animations of the characters looks very normal. Apart the the central character, more attention should have been given to the animation of the rest characters also. For a great fan of animation movies, I would call it an average animation genre movie.
The best part of the movie being the cuteness of the big fat PO. The dialogues with an American Accent suited to him like a cute American trying to express similar feeling. It brought life to the complete movie.
A good news for Open Source lovers is that Kung Fu Panda was made on Red Hat Enterprise Linux plateform. To support and cheer up the Open source Initiate, an extra cent might help.
Georga Tech MBA guys !! It sure did remind me of Bob Chen( photograph attached along with PO). Bob !! I can't stop myself writing about it as it kept bugging me all through the movie.
For all the movie-goers, who go to watch movies after seeing IMDB ratings, I would like to tell that current ratng of 7.8/10 with 843 votes will surely go down with more votes. The stable rating should go down to around 6.8 or 7.
Saturday, June 7, 2008
Friday, June 6, 2008
gtalk labs version latest
Beware some feature like calling and file transfer are missing from this experimental release. So dont uninstall the existng Gtalk version. This new version can be helpful in being online and in invisible mode.
Download this version from: http://www.google.com/talk/labsedition/
Unfortunately, there is yet no relief for linux platform users as gtalk is not yet available for linux. The new version currently is available for xp/vista platforms only.
will catch ya all soon with the new thing ....
Creating Quiz on Wiki
I created this 8 series of Sentence Correction quiz yesterday for GMAT takers.
Link: http://en.wikiversity.org/wiki/GMAT_Sentence_Correction_quiz_1
Its easy to take and you can reset it when you are done. Every quiz contains the link to the next quiz. I'll keep posting some more stuff like this as a part of opensource/open knowledge personal initiative.
Tips to create quiz on wikiversity:
Step 1: Starting a new page on wikiversity: http://en.wikiversity.org/wiki/Help:Starting_a_new_page
Step 2: In te editor, start with
{ enter question here ......}
+ correct choice
feedback *** optional
- false choice ** optional
- false choice
more formatting info available at: http://en.wikiversity.org/wiki/Help:Quiz-Simple
Step 3: Save the page
Step 4: Your wiki quiz is ready.
Cheers
Vipul
Anybody can Stream online Anytime
This website is amazing and provides an amazing service of allowing yourself to stream yourself. All you need is webcam/camcorder which is connected to internet and you are all set to rock the boat. This thing is definetely going to change the way things are done today. Schools/Classes/Offices everyplace should be ready for this change. You can stream anytime online and along with that you have the liberty to record the streaming tooo.........watch out next thing that comes to my attention and will keep posting ....till then have fun ...
Wednesday, June 4, 2008
Open source consulting services: Buyer's Guide
Open source consulting services: Buyer's Guide
Target Audience: Vendor Management Professionals
Six Criteria for Choosing Consulting services:
Broad Experience across variety of products and platforms: Since open source products are being deployed in organizations having variety of platforms, the most common problems for clients can be related to interoperability issues and patch and version issues. Providers with many years of experience in supporting such type of configurations can be best suited for open source consulting relationships.
Open Source Products and Resources: Customers should evaluate the number of vendor's trained resources and also the depth of their knowledge of open source platforms and commercial open source software. Providers who have experience in multiple open source platforms and products are well suited to deployment, migration and integration services. Training, Certification and number of years' experience should be seen while choosing the resources from the provider.
Open Source community Leverage: The company having good reputation of working with the open source community in development and evolution of the product is very likely to have strong knowledge and strong support from the community. This leverage not only helps during consulting but also helps in bringing customers closer to the open source community. This leads to long term gradual smooth movement towards the open source platform and products bringing in long lasting cost benefits and strong industry standard solutions.
Complete Stack Offering Leverage: Companies offering complete stack of open source products and platforms have leverage over the ones having individual products. Such provider's can deliver real value, since they can create standard suite of products or services tied to a specific stack that can be leveraged over multiple customers. This allows vendors to keep costs low, higher quality consulting, reduce problem resolution time and adhere to industry standard Service Level Agreements. Additionally, intellectual property can be created for and bundled with complete stack of open source products.
Global Footprints: Companies should look for vendors with global footprints as it allows them to have 24X7 delivery and support time for on-site and offshore services. For multinational companies looking for vendors, its extremely important that the vendor has multi-lingual, multiple time zones capability and knowledge of cultural and business challenges unique to a particular geography and region.
Client's Success Stories: Most of the consulting practices are long term agreements which gradually expand to multiple departments across the organization. Therefore, the customers should look for the vendors which have multi-year relationships with the other companies and their customer references. This is the true test of the good consulting provider and their vendor/client relationship because the long term contracts entails at least some complex projects requiring excellent quality consulting services.