The MF executives discussed all issues, including succession planning, according to a source. According to market data, the fund houses have over Rs 30,crore exposure to the second largest private sector bank in the country, making it the second-most fund-bought lender in the country. Domestic and global institutions and fund houses own more than 72 per cent of the bank. At the several meetings, which began earlier this month, Sharma is understood to have allayed fears of a management vacuum since the bank has a strong pool of second-rung leaders after Kochhar.
Reply What is BoP? In economics, the bottom of the pyramid is the 2. But corruption, illiteracy, currency fluctuations, inappropriate infrastructures and so on make MNCs skeptical they they can do business profitably.
These factors and also the outdated representation of the poor hide the real potential of BoP markets. The buying power of individual BoP customers is low but as a group, the aggregate buying power allows communities to buy goods like computers or cellular phones. The large number of poor communities in Asia, Africa and South America represent an enormous economic potential when products are bought collectively.
The costs of essentials are much higher for the poor than for their middle-class counterparts. K An emerging mnc videocon and A. Hammond show the difference in costs of essentials between poor and middle-class in Mumbai, India.
The annual charge interest for credit is more than 50 times higher for the poor. Municipal grade water is more than 30 times more expansive for the poor infrastructures for running water are underdeveloped in slums than for the middle-class and upper-class communities.
This double penalty —poor living conditions and higher prices— also applies to food, medication and many other products. Buying a house or installing running water may not be a viable option: The poor often buy luxury items like televisions, gas stoves or domestic electrical appliances.
These more affordable products -considered as luxury products- are a much more realistic investment and they improve the quality of life right now, not in a hypothetical future. In poor rural areas of India or Bangladesh, cell phones were dispatched a few years ago.
Despite never before using such equipment, people have had no difficulty using GSM cell phones. Also with computers, there are many examples showing that in a few weeks, people are able to understand how technological products work. The poor are willing to buy and use new technologies especially when it can improve their living condition.
Due to the large number of countries involved, economic expansion can be extremely fast and lasting. However, MNCs will have to show some audacity and creativity to have a low enough cost to be profitable: High speed internet protocol or fast data access on cell phones cannot be massively deployed now whereas GSM infrastructures are almost inexistent today.
However, thanks to alternative technologies and to innovations, MNCs should find a way to make profit while offering affordable products and services.
For example, there are some experiences in South America with a smart credit card system. MODEM, a microfinance organization, created a credit card shared by different users. Each user has a personal secret code and transactions are made separately from one user to another.
This innovative system significantly reduced the cost of the service and the amount of potential customers became widely enlarged.
The low buying power of BoP consumers makes this approach inappropriate. MNCs will have to develop a very tight and effective lean management in order to optimize their supply chain. Cost-savings management will become a key to performance and success in these huge new low-cost markets.
Like a laundry system in developed countries, refrigerators, computers or even cars could be collective. There are some experimental systems of individual customization of public computers. Individuals have a special thumb drive and when they plug it in on a computer, the thumb drive takes control of the computer.
Software brands or, more broadly, companies powerful enough to invest in BoP market, must start to consider the growing potential of BoP markets.
As developed markets become saturated with goods and as population growth there stagnates, MNCs have the potential to achieve revenue growth and improve the lives of millions by learning how to serve the Bottom of the Pyramid.Explore Chandigarh University website to know about the List of the activities undertaken by Department of Electronics and Communication Engineering.
CTO-Emerging Business, Connect Broadband, Videocon I am highly grateful to the CU placement faculty for calling a good number of MNC in our campus and giving us this opportunity .
Dec 10, · Emergence of Indian MNCs. Videocon Industries buying Daewoo Electronics - $ Million; Dr Reddy Labs acquires Betapharm Arzneimittel - $ Million; Political Instability in emerging MarketsRisks of political instability are very high in emerging markets.
For example coup in Thailand, Fiji, instability in Nigeria, Central Author: Arun Kottolli. The Bottom of Pyramid Strategy The great potential of the Bottom of Pyramid. Search. Main menu. The second approach is called the 5D’s and was proposed by Niti Bhan from Emerging Futures Lab.
From multinational companies’ perspective (MNC), there is a growing interest in the potential market of developing countries on the small.
MUMBAI: Videocon d2h, the fastest growing DTH service provider in India, is offering the highest number of 'Asli HD' channels on its platform.
A mobile country code (MCC) is used in combination with a mobile network code (MNC) (a combination known as an "MCC/MNC tuple") to uniquely identify a mobile network operator (carrier) using the GSM (including GSM .
Emerging Multinationals Go Global Many companies from emerging markets are fast-growing and fast-globalizing. These global challengers that are going overseas aspire to .