ELECTRONIC DATA INTERCHANGE

Be at home and do all your shopping! Don’t have to walk to the banks to withdraw money every time, walk in to the nearest ATM and withdraw from your account! Without any physical traders locations you can do all your transaction in trading! Everything is possible because of one term call ‘e- Commerce’.
Initially Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) were only the terms in the ‘e- commerce’. The EDI means the exchange of data such ad document, bills between two businesses and EFT is the exchange of funds. But with the advent of internet and computers all the documents also come under the e-commerce as they are done electronically. Purchase orders and invoices also have come up electronically. ATMs, credit cards, telephone banking, online shopping are some of the major ‘e- commerce’ techniques which are the major components. These have just reduced the time that is spent on each event and helps us to do many works at the same time. This way the products are transferred electronically and the tie spent on the travel is reduced. The train tickets are the best example where we stand in a long queue. But these days with the help of e-commerce we can book the tickets were we are.
Electronic commerce that is done between two businesses is business to business and between costumers and businesses are called business to customers.

MOTIVATION IN BUSINESS

Motivation is best defined as the needs, wants, and beliefs that drive an individual. It is the basis of what people work for and keeps them doing things they otherwise would never do. People act in a whole new manner when they are motivated by something, and give them a whole new perception of the task at hand. Motivation is not always positive though, and it does not always just come from one place for example your boss. Motivation can be negative by not receiving something, and contrary to popular belief it is not always money that motivates people to do what they do. People have different needs, wants, and desires and the finding what is most important to those individuals is the key to motivation. Different companies and departments of those companies have very different approaches to motivate their workers to being the best they can. People and companies have used countless techniques and approaches to motivate others and employees, but what works for one person does not necessarily work for the other.

OPERATIONAL EFFECIENCY

Greater efficiency is the prime goal for all business and the first requirement for it is operational efficiency. “Operational inefficiencies cannot be covered in rupee earnings, only dollar earnings can allow this,” “Go to the employee, don’t make them come to you”, is the motto to be followed. Process requirements are geography agnostic, and we could have centres anywhere including rural areas. The rural strategy appears to be the next big wave. There is abundance of talent to scale up quickly, and if there is government support in terms of up scaling educational institutions, there is real value. Most of the leading players get nearly half their revenues from domestic clients. If overseas customers trust their order, domestic customers should trust them too. Rural areas have another upside: low attrition. Attrition happens mostly when women get married and leave town. We have to train people slightly longer-but they are very capable and over time improve even work processes.

BE A JOB CREATOR RATHER THAN JOB STEALER!

BPO analysts say that “We have to be seen as job creators rather than job stealers” and they believe that the industry is moving in that direction. Even as the financial services industry and the BPOs mainstay continue to struggle, industry executives believe that BPOs have to look beyond their staple fare to survive. As all this happens, the slowdown is an opportunity for the industry to reinvent itself. BPOs have finally woken up to the potential of the domestic market: around $ 100 billion. BPOs earned an estimated $12 billion export revenues in 2009, while the domestic segment fetched just $2.4 billion. But, while offshore BPO services have been growing at a CAGR of 37 percent, their domestic counterpart are doing it at 59 percent. But it’s a different world out here, says one of the, Lead Analyst: “For domestic clients, labor arbitrage is not a key driver for BPO growth.”

Warren Buffet: A Legendry Investor

The history has produced a great investor to the world of security investments. The person we are going to have now does not need any introduction. He is Mr. Warren E. Buffet, the sage of Omaha. He is the most successful investor of the world. Most of the people believe him that he has a Midas touch, with that everything he touches turns to gold. In real, he is a genius investor. To be precise he is an intelligent investor. Let’s learn about him.

Warren Edward Buffett was born on August 30, 1930 in Omaha. He is an investor, businessman, and philanthropist from U.S. He is believed to be one of the most successful investors in history. He is the Chairmen and C.E.O. of Berkshire Hathaway. In 2008 was ranked by Forbes as the richest person in the world with an estimated net worth of approximately $62 billion.
Buffett is also called the "Oracle of Omaha”. He is a great believer of value investing and is respected for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth. He is the man of simplicity. He wants himself to be promoted as a thrifty as written on his car. He drives his own car. He neither has a cell phone nor a computer.
Buffett is also a philanthropist, having pledged to give away 85 percent of his fortune to the Gates Foundation which is run by Mr. and Mrs. Gates of the Microsoft family.
In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton. In 2007, he was listed among Time's 100 Most Influential People in the world.
At the age of 79, He still continues to be the world’s best and successful investor.

Some Mutual Fund Basics: worth to know

The Net Asset Value (NAV) of the fund is the cumulative market value of the assets of the fund net of its liabilities. NAV per unit is simply the net value of assets divided by the number of units outstanding. Buying and selling into funds is done on the basis of NAV-related prices.

The NAV of a mutual fund are required to be published in newspapers. The NAV of an open end scheme should be disclosed on a daily basis and the NAV of a close end scheme should be disclosed at least on a weekly basis


The Introduction of Loads:
A Load is a charge, which the mutual fund may collect on entry and/or exit from a fund. A load is levied to cover the up-front cost incurred by the mutual fund for selling the fund. It also covers one time processing costs. Some funds do not charge any entry or exit load. These funds are referred to as ‘No Load Fund’.
Funds usually charge an entry load ranging between 1.00% and 2.00%. Exit loads vary between 0.25% and 2.00%. For e.g. Let us assume an investor invests $. 10,000/- and the current NAV is $.13/-. If the entry load levied is 1.00%, the price at which the investor invests is $.13.13 per unit. The investor receives 10000/13.13 = 761.6146 units. (Note that units are allotted to an investor based on the amount invested and not on the basis of no. of units purchased).

Let us now assume that the same investor decides to redeem his 761.6146 units. Let us also assume that the NAV is $ 15/- and the exit load is 0.50%. Therefore the redemption price per unit works out to $. 14.925. The investor therefore receives 761.6146 x 14.925 = $.11367.10.

Like the stocks are traded based on its market price, the MFs are traded based on their NAVs. Hence it’s worth knowing.