Industrial Parks in India

Japan government firming up its promise to help Indian prime minister Modi build India's infrastructure and promote domestic manufacturing it doubles investment in India.Japan has identified 11 sites to set up Industrial townships/parks in India,which would serves hubs for investments in India.These industrial parks include Tumkur in Karnataka,Ghilot in Rajasthan,Mandal in Gujarat and Supa in Maharashtra.Japan will also provide soft skills training to Indian workers in the manufacturing sector to help bridge the demand-supply gap.Japan aims to double its investment in India to about $35 billion in next five years.The move would help bilateral economic ties between India and Japan.They are already primary investors in Indian economic corridors.This will support make in India campaign and transfer of technology.The Indian government plans to give concessions to Japanese companies in the Industrial townships what is offered to special economic zones and the proposed National Investment & Manufacturing Zones.

Special Economic Zones-SEZs are already duty free imports and 100% tax-free export income for the first five years,50% of the ploughed back export profit for the subsequent five years.NIMZs,under the national manufacturing policy,provide tax incentives to small and medium size enterprises.The development of the townships will be assisted by the respective state governments,the Department of Industrial Policy & Promotion and Japan's ministry of economic trade & industry.Japan is fourth largest foreign investor in India,contributing 7% to total FDI inflows since April 2000,according to DIPP.



                                                 
                                                                    By Anil Kumar Upadhyaya
                                                                    Business development consultant
                                                                     New York Business Consultant
                                                                         Lucknow/India
                                                                          email: au03976@gmail.com

Deepak Chopra, insights

By Malko Ebers, New York, Dec 20th 2014

Seeing Deepak Chopra is always a treat, an uplifting and inspiring event. I would like to share three insights relevant for our daily lives and business as well:

Gratefulness:

The universe and our existence is quite a mystery, if you feel down be aware that our very existence is so unlikely, such a wonder and that most of the universe doesn't think or live, that you are the 0.00001% of all there is so that the mere fact of existing is something to be deeply grateful for.

Purpose:

Think every day for 10 minutes about the purpose of your life, your business and how you can add meaning to your day, organization and activities. 10 minutes every day will change your life, become aware and mindful of what really counts, what you care about and what your passions are. What do you want in life, what is truly important? You will only become great and a master at something if you love what you do, don't settle.

The power of Habits:

Willpower is like a muscle that you strengthen through repetition. However its powers are limited. The elite performers and remarkably successful people in our society share a strong discipline, positive attitude and habits that are ingrained into their daily routines. Each day is a miniature version of your life and time management is life management. The habits you develop step by step set you free from addictions, give you more time, focus and control over your life. Start developing routines and positive habits one step at a time, day by day and they become part of who you are and want to be.

Good governance and responsible leadership are the key to Africa's and the world's future.

Anybody studying governance and the state of the world can see that we have tremendous progress over the last decade, the world is becoming more peaceful and more prosperous as people migrate to cities, democracies spread and global trade increases.

However, we still have a long way to go and business can just operate effectively in a fair and free society, in a system that gives life chances and doesn't waste a single talent and creative mind.

The role of responsible leadership is cruicial in inspiring and empowering followers and protecting the rights of vulnerable groups.

The people of Africa demand better government, more responsible leadership and participation. Just a week after shake hands with Burkino Faso's president Blaise Compaore he was ousted from power having neglected his people's strive for change and reform.

Companies and governments can no longer and should never neglect the needs of their constituency. The world has become more flat, transparent and integrated than ever before - good corporate citizenship and governance has developed from being a compliance issue and legal requirement to an essential part of how organizations are run and structured.

Our company New York Business Consultants is teaching leaders to be responsible, to implement so called triple bottom lines and corporate social responsibility policies because we believe that only responsible leadership that takes the social and ecological impact of one's decision sinto account leads to sustainable economic performance.

To learn more how to apply this to your organization, reach out to info@newyorkbusinessconsultants.com

We need more African and emerging market brands!

By Malko Ebers, CEO New York Business Consultants

Sept 02nd 2014, New York City

Isn't it amazing you can spend your entire lifetime in America or in Germany or another 'Western' country and you will probably never encounter an African brand. Yes, globalization is real, the information economy is real and we are all connected but brands from emerging markets? How many do you know, which ones matter to you?

Yes, your t-shirt might have been made in Vietnam, your car is German, your smartphone from Japan, your wine from Spain and you own hundreds of products from all over the world. We depend on each other, global supply chains and connections are incredible they are part of our economies and daily choices as consumers - we probably wear items from a dozen countries when we leave the house. But are we just 5% aware of where our products are from, of the complexity of what makes this wonder of supply possible? Of course not.

We are however aware of brands. Look at the above image. It shows mostly US brands and I am sure you know plenty of them, a five year old kid pretty much anywhere on the world could recognize thge McDonalds sign and would know what it means, which products and services to get there.

Companies spend hundreds of billions of dollars a year on advertisement, it is like a tv-industrial complex and you can't escape. From online pop up windows to the daily mails offering you another credit card, to mails offering you to switch to the fastest internet to...an endless stream of communication, brands screaming at you 24/7...all while we have more choices than ever and less time.

In this multibillion dollar battle for attention any less wealthy companies have a tough time engaging their customers - but the internet makes it possible, it makes it possible to target customers for a low budget and for particular business, let's say a local coffee place.

What we should see is that commodity producers start developing their own brands which will allow them to sell directly to customers via ecommerce and to directly approach retailers and distributors. If you for example produce coffee or cocoa it is a very tough business to be in because your product doesn't differentiate from any other producer. Your business depends on world market prices and that makes you vulnerable and your business risky. If you sell coffee beans then you get 20 cents for the cup that Starbucks sells for $7dollars! You can do the exercise for any commodity. So where is the money? The answer: in brands and processed commodities, this is where the added value is. You won't get much for your coffee beans or your oranges doesn't matter how good your business is but for a branded coffee or juice it looks extremely different.

With our partners in Africa, India and other emerging marketplaces we observe that these economies rely far to heavily on commodities. Many of the producers should ddevelop their own brands and should proactively do business development in other countries to 'fight for shelve space' to open flagship stores and to find their way to the hearts and minds of consumers.

I want to see more African and other brands from around the world, it would create a fairer world and richer consumer experience. If we just have a handful of Western brands everywhere, if we only see H&Ms and McDonalds from new York to Shanghai and Lagos it would be boring and very few people would benefit. The internet and ecommerce, the opportunity to engage consumers globally give us unique opportunities to change this structure and to develop a more rich and pluralized brand landscape for the benefit of all.

& If we can give you a helping hand how to develop and market your service or product, how to create a brand that sells in the Us or Germany, get in touch at info@newyorkbusinessconsultants.com or toll free 1-800-481-2707

Danke Sehr and Thank You

A gesture makes a big difference in intercultural organizations (and in life)

By Malko Ebers, Sept 02nd 2014, New York

I recently spoke to a German manager who had been transferred from Germany to the US subsidiary of her company. Everything seemed to work out smoothly but after some time more and more of her team members started leaving the company. This raised suspicion and became a real problem for the business unit. Identifying and attracting talent and filling vacant positions is a costly process and can significantly disturb work processes. What was the problem?

A consultant is often called to action when a symptom becomes so clear that is causes problems and affects the bottom line, meaning it is felt financially. However, a symptom is not the problem as any doctor would be able to confirm. Employee motivation and retention can be a complex problem that has to be analyzed holistically involving supervision, leadership, incentive structures but also the individual situation of each employee. What turned out to be the main reason for loss of employee motivation and high turnover was rather surprisingly: Danke and thank you!

In Germany a rather collective culture with high so called uncertainty avoidance (according to researcher Hofstede) rules and regulation, clear processes and directions are commonly well established in the corporate governance and cultural structure. In other words, employees are given clear roles and responsibilities in a job description and it is taken for granted that they carry out their duties and report to their supervisors. In America however, one of the most individualistic cultures individual recognition is extremely important for corporate culture and employee motivation.

Our German manager had expected that US employees would behave the way German employees would, she would just not consider it necessary to say thank you, to give more individual recognition and reward. We do see this very often that one can not take for granted what works in one culture does so in another. There is not the one right way but organizational effectiveness and leadership styles are strongly embedded in our national and organizational cultures.

As consultants it is our responsibility to treat a problem as an analytically case, we need to find the 'theory in use' of what truly motivates behavior and impacts outcomes.

Often large impact such as high employee turnover is caused by something small such as taking a thank you for granted. It is not, expressing gratitude and giving individual reward and recognition is a powerful tool. In our organizations we don't want to take effort and contribution for granted but should recognize and reward it which builds a community and stronger team spirit and corporate culture.

A Chinese Virtual Office: The Quick and Easy way to Start Expanding Into China

A Chinese Virtual Office: The Quick and Easy way to Start Expanding Into China

By NYBC Business Associate Marc Jarret, June 21st 2014

http://uk.linkedin.com/in/marcjarrett

As anyone who has ever tried expanding into China can testify, the process of so doing can be fraught with difficulties: over and above the cultural and linguistical challenges, there are a raft of potential obstacles which include compliance with Government policies and labor laws, as well the obligations associated with insurance, leasing of offices and hiring of staff.

This having been said, the potential of this vast and fast growing market are simply too big to ignore: China is the world's fastest-growing major economy, with growth rates averaging 9.8% over the past 30 years and it could become the world's largest economy sometime as early as 2020.

If your Business transcends the national boundaries of your domestic market, China should therefore be at the top of your list of countries to target as part of your globalization efforts. Understandably though, the difficulties associated with entering China often act as a barrier for taking the first tentative steps into this enormous market.

However, there is a way to circumvent these obstacles - instead of committing yourself to the costs and headaches associated with opening an office in China, you can easily create the impression to potential Chinese customers or partners that you are already operational there by creating a virtual one instead.

Reading an English language only website and calling an overseas number remains a practical and psychological barrier for people in most countries, including China. It is therefore important that prospects can contact you in Chinese and by means of a domestic telephone number, as opposed to an international one.

Inbound calls to your Chinese number must be answered in Mandarin or Cantonese, depending on which region of China the caller is located. Call center agents that answer such calls must be trained so that they have at least a basic understanding of your particular product or service. They should then make available to you such leads in English. Any follow-up activity should of course be conducted in the caller's native language.

Your new Chinese number can then easily be added to the 'contact us' section of your website which thanks to the global architecture of the World Wide Web all potential customers located in China will be able to see. Even better, you can create a Chinese section of your website and there are a wide range of translation companies who will only be too happy to help you in this process.

If you elect to have a Chinese standalone version of your website, then work with a company that can help you get listed on Baidu, China's answer to Google. Doing so will greatly improve the chances of being found by potential Chinese customers who are actively seeking out your particular goods or services.

By establishing a virtual Chinese office, you will be able to capitalize on the opportunities on the afforded by this colossal market at a fraction of the costs and risks associated with setting up a real one.

Why small businesses fail big

and how to succeed against the odds

Malko Ebers, June 11th 2014

A high school student had sent me an email asking me why so many small businesses fail? A very good question. Entrepreneurs start the venture of being in business with passion, energy and ideas so how come that the average lifespan of a business is just a couple of years and that after 18 months according to Forbes 8 out of 10 entrepreneurs have given up? The Coca Cola, Ford and Walt Disney type of companies are the exception to the rule, companies that have adapted, mastered crises and have established cultures and values that have endured individuals and their corporate functions.

Based on my experience as a business consultant and dealing with entrepreneurs from all industries and walks of life I see three main reasons why small businesses fail so often.

1. Failure is normal in business and small businesses are no exception. Like in evolution adaption to changing circumstances is crucial. A now much bigger global marketplace requires constant adaption and innovation and a very high attention and commitment level. The learning curve is steep in many industries and small business owners often don't have the time, attention and resource commitment necessary to survive the toughest initial growth phase. As a small business owner you typically can't compete based on price, so your product/service has to focus on a niche, it has to be remarkable and add value. Even then small businesses often lack the capital to bring a good business model to scale so they don't get taken over or priced out by the competition.

2. Know thyself was written over the oracle of Delfi in Greece - applied to business this means know your resources, core competences and who your customers are. It takes time to build a network and reputation and a lot of small business owners don't have the necessary support structures and patience to build a referral network of loyal customers. It sounds simple but the longer you stay in the game the higher the likelihood of success, you will gain experience and grow your referral network.

3. A small business owner can't sufficiently diversify and spread the risk, especially financial risk and therefore even good business models can easily run out of cash. The business owner is basically the business in the initial startup phase, the face of the company representing the brand so any healthcare issues for example, financial burden unrelated to the business to 'life happening to us' directly affects the business without having a team and governance structure to buffer external shocks. 

Other issues that are common are late payments of your clients, as a small business you typically depend disproportionately on timely payment by a few important customers. Also as a small business owner you work often too much in your business (wearing all hats yourself) instead of on the business (strategy, client relationships).

Being in business and bringing something new to the world, giving birth to an idea and adding value to other people's lives, solving problems is something beautiful. Despite all challenges entrepreneurship is part of the university of life, it teaches us something new every day. You will make mistakes but each mistake is an opportunity to learn to 'know thyself' and what you bring to the world. My advise would be to answer the why question, to surround yourself with a team and people you enjoy working with and to focus on solving problems you can be passionate about. That way no minute will be wasted and you will plant the seed for further growth.