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Former Colony India Increasing its Control on British Economy

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Tata Jaguar Land Rover

Having almost 400 years of presence on Indian soil and 200 years of rule on India, British had controlled much of Indian economy. While overall infrastructure grew in India, the taxes on land and farming had made the life of common Indian man difficult. The country which was known as the golden bird on earth whose economy along with China was the greatest in the world, was later known as the poor country after British Empire had declared control.
When Britishers left India, they left with a vast infrastructure of railway and strategic roads. Rail, by then had made its presence in the difficult terrains of Himalayas like Darjeeling and Himachal Pradesh. All the resources in the hands of the new Indian government and a developed infrastructure helped India improve its figures. It was in early 1990s when India opened its doors to the world. There was a belief that well developed economies and companies in the west will dominate Indian markets and make it difficult for the Indian companies to rise, but India had already produced and nourished matured brands based on trust, which later bravely  faced the competitions with the outsiders.
Today these Indian companies have expanded their arms much wider and away from India that they are integrated with most of the population in this world. Either is it by chance or may be it is some kind of nationalism among Indian industrialists that they have collectively targeted British businesses and “Indianized” them. They took help of Indian branding agency as well as branding agencies in London and established their  stronghold in the island nation which ruled India for over 200 years.
Unlike China, Indian companies do not mark their identity on their products that prominently. This could be one of the reason that after acquiring a business in another country Indian companies receive less resistance and easily acceptance of their services and products unlike China whose products are famous as “cheap quality use and throw.”
One good and relevant example can be the Tata Motor’s acquisition of prestigious British Jaguar and Land Rover auto brands. Still very few are aware that Tata Motors owns these super luxurious British automobile brands since 2008. Tata never renamed it as Tata Jaguar. Buying from the cash strapped Ford, Tata has now recorded massive net profit in JLR section.
Recently in February UK surprised everyone as British prime minister David Cameron flew to India’s financial capital with the largest trade delegation ever taken by a British prime minister to any country in the world. This gives a clear signal towards extending partnership and mutual understanding of importance of each other.
Today people in UK are happy wearing Indian clothes and jewellery. There is a huge possibility of finding a drug or medicine manufactured in India or manufactured by an Indian owned subsidiary in Britain. Indian tea is famous around the world, but a major British brand Tetley which is the choice of large number of tea preferring population in Britain is owned by an Indian company Tata Global Beverages. If you are booking tickets online, making bank transaction, or shopping online, then there is every possibility that an Indian company in Bangalore would have designed the whole platform that enables you to make online transactions smoothly. Again there is a huge possibility that every steel used in the construction or other purposes is India made or made by an Indian company or subsidiary.
Like this there are many such stories of India buying prestigious British companies, that we are going to share with you in our upcoming post (Stay Connected!). The whole idea is that Indian companies have been expanding their arms and integrating themselves in Britain and with the British consumers so finely that without knowing, Britishers have India and Indians deeply involved in their day to day life.
“Indian companies have been acquiring foreign companies, and when they do, the studies show those companies perform better,” notes Peter Cappelli, George W. Taylor Professor of Management at The Wharton School and Director of Wharton’s Center for Human Resources, while writing a blog piece, Indian Companies: Doing Well Because They Do Good, in Harvard Business Review.
China on the other hand is also making its presence large in Britain, however more analysts are satisfied with the way India has handled and nourished Britain’s biggest and highly prestigious brands.
Pedro Moreno de los Ríos, partner at Parangon Partners, an executive search firm, explains, “One of the great advantages of Indian executives, compared with their Chinese counterparts, is their knowledge of Anglo-American culture. Another advantage is the greater openness that India has enjoyed when it comes to foreign capital. Indian managers tend to have an international approach, and India is [even] exporting managers to China.”
The country which ruled India for 200 years and took much of its resources for its benefit now its countrymen are grateful to India and its Indian companies for jobs as on e of the Indian brand, Tata is now the largest employer in UK in private sector, thus belittling the blame that Indian companies are snatching the jobs from the western world.
In our upcoming article we are going to explore biggest acquisitions made by the Indian companies in UK and other countries which has proved India as a big and matured player in forming and controlling a good part of the world’s economy. Stay Connected! Follow us on Facebook, Twitter.

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Sanskar Shrivastava is the founder of international students' journal, The World Reporter. Passionate about dynamic occurrence in geopolitics, Sanskar has been studying and analyzing geopolitcal events from early life. At present, Sanskar is a student at the Russian Centre of Science and Culture and will be moving to Duke University.

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How To Make Business Life So Much More Favourable

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If you have a business or you’re heavily considering starting a business, then you’ll know all about the perils and the difficulties that will come with it all. While it seems like such a wonderful idea from the outside looking in, it’s actually something that can really take its toll on you if you’re not prepared enough both mentally and physically. 

You’ll always be looking for ways to make business life an awful lot more convenient. The idea in this game is obviously to work hard as you never get anywhere without a serious commitment. You’ll really want to focus on working smart, however. Hard work for no reason is foolish when you have much better ideas and techniques staring you in the face. Business life can be a real hassle if you get things wrong and have to go through laborious days. Here are just a few ways to make your days, weeks, and months a lot more favorable for you: 

Get The Right People Around You  

Who you share your time with in business matters so much. If you have all of the wrong people, then you could be on a downward slant over the next few years. If you have good people with the right attitude and intentions, then you’ll likely become a lot more successful. In terms of using the right people, we’re talking about networking, hiring staff, bringing in specialists, soliciting advice, and so many other areas. Business is an interpersonal game, so make sure the right groups and individuals work with what you’re trying to achieve. 

Embrace Technology A Lot More Than Perhaps You Are Right Now 

If you’re already someone who wants to milk every platform they have, then this idea won’t worry you too much. There are so many pieces of ai powered software around that will help you with what you’re trying to achieve. Analytics, ads, management, and so many other areas can be bolstered with good programs. 

Set Up Genuine Plans With Achievable Goals 

This sort of goes without saying because you’ll likely have plans for the tasks ahead. This is more the idea of creating more structured plans for areas that are perhaps freer and less structured. Setting goals for everything you do can lead you to understand more about what needs to be done. It also gets everyone even more motivated. 

Take Care Of The People Working With You 

In terms of those you’re with, you’re going to need to treat them properly. It’s amazing what can happen if you neglect how they feel and the work they put in. The best leaders will always hone in on each individual and check in with them. 

Outsource Certain Jobs That Are Tedious

Sometimes, there are particular tasks that – although they need to be done – take up lots of unnecessary time and stress. If you are outsourcing admin, for instance, it makes life a lot easier for you as you all can focus on the productive and progressive side. 

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Current Trends in Business That Every Entrepreneur Should Work Towards Achieving

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The world of business is changing and with it the trends that entrepreneurs should be working towards. Entrepreneurship has become a lifestyle as opposed to just a paycheck. With an entrepreneurial mindset, you can do anything. Check out these current trends in business that every entrepreneur should work on achieving:

E-Commerce

E-commerce has been a significant trend for the past few years, and you can expect it to continue being so. E-commerce has multiple benefits, including increased revenue, high availability of products, and a more significant customer base.

E-commerce allows businesses to be present on all digital platforms, which helps them reach out to more customers quickly. In addition, it makes it easier for companies to reduce overhead expenses as there are no physical stores that have rent costs associated with them or inventory levels that need maintenance constantly. Statistically, e-commerce has grown rapidly in the past few years from 25% – 30% year on year.

Financial Apps and Software

The software aspect comes into play when considering how businesses manage their finances moving forward. Companies must adapt to technology. Otherwise, they will find themselves left behind by competitors who embrace emerging technologies such as cloud computing and mobile apps. It is also easier to make purchases using these apps and communicate with the sellers. Incorporating such software with equipment and partnerships with a payment processing company will diversify the business activities and set you up for expansion.

These apps allow them to move away from traditional forms of financial management such as spreadsheets and accounting software to financial management apps such as Xero. With these new apps comes the ability to monitor business finances from anywhere, which can help businesses grow faster than what they would ordinarily be able to manage with slower conventional processes.

Blockchain Tech

Blockchain tech is the current trend in business that every entrepreneur should work towards achieving. You can apply this technology to many different industries, and entrepreneurs need to find their niche within this growing market. It’s also critically important not to overlook blockchain tech when deciding which cryptocurrency or token you want your company associated with.

Both positive and negative factors are involved in choosing one solution over another, but it all comes down to finding what works best for each situation. For example, today’s most valuable aspect of blockchain tech is its promotion of secure transactions between parties while eliminating third-party transaction fees (or at least significantly reducing them).

It means that businesses operating on a global scale could potentially enjoy significant savings in maintaining financial records. Transparency is also an important selling point for blockchain tech. The decentralized nature of its design makes all transactions public and easily accessible by anyone who has access.

Fraud and Cyber Crime

Another current trend that every entrepreneur should work towards achieving is fraud and cybercrime. In today’s modern world, the internet has brought the business community closer together as it allows you to reach a global market from almost anywhere with an Internet connection. Unfortunately, this means those who want to take advantage of this have access to millions of more potential customers, making it easier for fraudsters to steal money from unsuspecting victims.

Businesses that are not careful can fall victim to several types of cybercrime, including phishing, spoofing, pharming, and identity theft. These crimes are increasing at an alarming rate as more people use the internet for business purposes which means scammers often target them.

Conclusion

Today, business is becoming increasingly challenging. The traditional ways of doing things don’t work anymore, and it’s time for entrepreneurs to adapt to stay relevant within the industry. However, the industry itself is evolving rapidly, and it’s challenging to keep up with the changes that are happening every day. Fortunately for you, this post is here to help you understand the current trends that every entrepreneur should work towards achieving.

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Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

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There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
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