Just In Time (May i come in sir…???)

Let see I’m gonna discuss about JIT or just in time , you all know the actual definition if you dont ,here it is…

Just-in-time (JIT) is an inventory strategy that strives to improve a business’s return on investment by reducing in-process inventory and associated carrying costs. blah blah etc etc….

The above is the definition given in wikipedia, but I’m not talking about it .

What i mean by JIT is that, as a student  i would say ” I was Just In Time for the class.” or JIT for the movie , for lecture, for the break and so on and so forth.

This is what JIT for me stands for as a student , or as an employee i would say ” I was JIT for the work.”. Actually if you see life you can apply JIT or any other lean mean management as you want and according to your own selfish needs. As we humans are selfish creatures , who do things for a particular motive and if any of beg to differ then all i have to say you guys are liar , think about it and you will surly agree to the statement and if you still dont all i have to say is you have a very very big ego, that is not allowing to agree with me or you are a saint who is selfless in life(good for you buddy, enjoy your boring life. ha ha  ;p ).

JIT followers are the two extremes , i.e.

  1. Are the risk bearer , who know how to manage time and know how to get things done, just at the right time.
  2. And the other extreme are just lazy, or laid back(a good way of saying your lazy)

And as for you guys that are reading this if you think you make something out of the JIT or you have a different view , please your welcome to leave your comments… 🙂

Internet

Check the video out….

Family Business 101

OK today I’m going to baatoh some gyaan to you guys regarding how to learn your dads business once u get into it, so here is a step by step method of doing so… (basically from my own personal experience.)

  1. Know your employee: For a fact its weird , when people older and more experienced than you call u sir or babu , but don’t worry ull get used to that. okay knowing your employee means know there name and the work done by them, but beware of the particular employee who sucks up to you, cause they are ones who can take u for a toss.
  2. Always have a handyman: It basically mean a star performer of the company, cause this guy will know stuff and know how to handle things , so discuss basic dilemma with him. He will know various people in various company , so hang on to him, you might just learn something.
  3. Retrace your steps: Okay now the basic of basic stuff that you need to do is retrace your steps , that is know about your past dealings, get your old customer back , cause they know about your services better than the new ones ,so its always better to rectify the mistakes and get your old customer back.
  4. Be the data bank: Keep on a track about all the events happening in your company, cause knowledge is information. cause you need to know about it before anyone does , this will give you a power of authority and the employee cannot take advantage of you.
  5. Maintain good relation: Hardly needs any explanation , keep good relations with your customers and employee.
  6. The informer: okay this is the best part always have a informer or jasoos (generally peons) on your side who’ll tell you about the behavior of employee or any kind of info that’s being discussed behind your back and also helps to keep a check on the employee.
  7. Discuss, confirm & act: Before doing anything you need to discuss things with your family member as in dad , chacha etc , who ever cause they know more about the business then you do. So discuss and confirm with them and then act.

Budget 2010 Simplified

  • Excise on all non-smoking tobacco hiked
  • Margins seen under pressure on excise duty rejig
  • General excise duty raised to 10% from 8%
  • Spending in education sector at Rs 31,600 crore
  • No extension of STPI beyond FY’11
  • Demand side push needed for all housing segments
  • Supply pressures likely to keep housing prices up
  • Measures needed to tackle supply pressures in housing
  • Govt needs to do lot more to revive housing sector
  • Budget oriented towards growth and economic revival
  • MAT hike to 18% may impact cos with SRA projects
  • Demand from salaried consumers to increase
  • Expect demand for mid income housing to improve
  • Hike in income tax limit to raise affordability
  • MAT rate hiked to 18% vs 15% earlier
  • Subvention to be upto Rs 10 lk for units upto Rs 20 lakh
  • Subvention would be in effect till March 30, 2011
  • Effective tax rates may rise to 21% from 16-19% in FY’12
  • Extension of subvention of 1% on housing loans
  • MAT to be raised to 18% vs 15% earlier
  • RBI mulling additional licenses to Pvt bks, NBFCs
  • Subsidy for timely farm loan repayment up to 2%
  • Farm loan repayment period extended by 6 months to Jun 30
  • Allocate Rs 16500 cr for PSU recapitalisation
  • Hike in income tax limit to raise affordability
  • RBI may approve more banking licenses
  • MAT rate hiked to 18% vs 15% earlier
  • Interest subsidy of 1% on housing loans upto Rs 10 lakh
  • To set Rs 50/tonne cess on domestic coal
  • Parts of wind energy rotor exempted from exicse
  • Concessional 5% customs duty on solar power unit
  • Nil CVD on tunnel boring machines for hydro power
  • Nil excise on cap goods sold to mega power units
  • 30% tax on income above Rs 8 lakh
  • 20% tax on income between Rs 5 lakh and 8 lakh
  • 10% tax on income between Rs 1.6 lkh to Rs 5 lkh
  • No income tax up to an income of Rs 1.6 lakh
  • Weighted deduction on R&D hiked to 200% vs 150%
  • Auto Cos pass on excise hike to consumers
  • Excise on large cars, MUVs and SUV hiked by 2% to 22%
  • General excise rate rolled back to 10% vs 8%
  • Diesel price hike by Rs 2.55/litre
  • Petrol prises to rise by Rs 2.71/litre
  • Partial rollback of excise on petrol products to 10%
  • Excise duty on petrol and diesel hiked by Rs 1/litre
  • Duty on petrol and diesel hiked to 7.5%
  • Customs duty on crude restored to 5%
  • April-Dec GDP growth at 6.7% vs 7.1% (YoY)
  • Q3 GDP growth at 6% vs 6.2% (YoY)
  • Diesel by Rs 2.58/lt
  • Q3 GDP growth at 6% vs 7.9% (QoQ)
  • GDP growth slowed in Q3 due to decline in farm output
  • Cut in surcharge would be made up by rise in MAT
  • Bottom line of Cos like RIL, RCom, TCS to be impacted
  • MAT increasse to impact the Road & Power sectors
  • MAT had been increased from 10% to 15% last year
  • Minimum Alternative Tax hiked from 15% to 18%
  • Certain news agencies exempted from service tax payment
  • Customs duty on key inputs for microwaves cut to 5%
  • 5% Customs Duty cut on setting up of solar power plant
  • Excise duty on CFL products reduced to 4%
  • Excise duty on photovoltaic & solar panels waived
  • For wind power making rotors
  • 5% service tax exemption for cold storage units
  • To grant project import status for Monorails
  • Road transportation of pulses & cereals
  • Govt keeps service tax levies unchanged at 10%
  • Custom duty hike to raise rev loss by Rs 1800 Cr
  • Revenue losses on auto fuels seen at Rs 20,000 c/yr
  • Price hike triggered by duty on petrol & diesel
  • Petrol price to be raised by Rs 2.67/lt: Srcs
  • Govt to raise retail price of petrol and diesel
  • Govt to spend Rs 1.16 lakh cr on subsidies
  • Revenue from corporate tax seen at Rs 3.01 lakh cr
  • Revenue from income tax seen at Rs 1.21 lakh cr
  • Minimum Alternative Tax raised to 18% vs 15% earlier
  • Partial stimulus rollback, excise duty upped by 2%
  • Central excise duty of Rs 1/ltr on retail petrol & diesel
  • GST and Direct Tax Code rollout from April 1, 2011
  • Disinvestment target of Rs 40,000cr for 2010-11
  • 2009-10 budget deficit estimated 6.9% of GDP
  • Fiscal deficit target of 5.5% for 2011-12
  • IT Dept to notify with Saral 2 for individuals
  • Interest subsidy up to Rs 10 lk on housing loans by 1-yr
  • Deduction of Rs 20,000 for invst in infra bonds
  • 30% tax on income above Rs 8 lakh
  • 20% tax on income between Rs 5 lakh and 8 lakh
  • 10% tax on income between Rs 1.6 lkh to Rs 5 lkh
  • No income tax up to an income of Rs 1.6 lakh
  • Duty on large cars,SUV & MUV raised to 22%
  • Hike in excise duty to 10% vs 8% earlier
  • Petrol price hike by Rs 2.67/litre:NW
  • Diesel price hike by Rs 2.58/Litre: NW
  • Govt’s push for infra development to boost GDP growth
  • NMDC, SJVN stake sale to fetch Rs 25000 cr in FY’10
  • Expect govt to push for disinvestment
  • FM has kept the impetus on disinvestment
  • Fiscal expansion was not sustainable for long
  • Limit for tax credit increased from Rs. 40 to Rs. 60 lks
  • Reduction in surcharge on domestic cos from 10% to 7.5%
  • Commitment to rollout DTC
  • Lower tax burdens on individuals
  • To give Rs.16500 cr to PSU banks in FY’11
  • Govt to keep service tax unchanged at 10%
  • To raise duty on gold imports to Rs 300/10 grams
  • To raise duty on gold and silver imports
  • To grant project import status for HITS
  • To grant project import status for monorails
  • Excise duty on CFL halved to 4%
  • Imposed 4% excise duty on electric cars
  • To waive excise duty on photovoltaic panels
  • To restore 7.5% duty on petrol and diesel
  • To restore 5% duty on crude petroleum
  • Rollback in excise duty to 10%
  • Govt announces partial rollback in excise duty
  • Investment linked deduction benefit for 2-star hotels
  • Weighted deduction on R&D raised to 200%
  • To reduce current surcharge on companies to 7.5%
  • MAT to be raised to 18% vs 15%
  • 10% tax on income between Rs 1.6 – 5 lakh
  • 20% tax on income between Rs 5-8 lakh
  • No tax on income up to Rs 1.6 lakh
  • Rollout of GST needs consensus among Centre & States
  • To broaden current tax slabs
  • Borrowing plan to be decided in consultation with RBI
  • To bring subsidy related liability into fiscal accounting
  • Economy can absorb hike in excise and customs duty
  • Net market borrowing pegged at Rs 3.45 lakh cr
  • FY’12 Fiscal Deficit seen at 4.8%
  • Fiscal Deficit for 2010-11 at 5.5%
  • FM has tried to balance prices and growth
  • Rs 60000 cr as capex for defence sector
  • Allocation of Rs 1900 cr for UID project
  • UIDA to roll out 1st set of IDs by end of this year
  • Resource mobilisation not to trigger inflation
  • National Social Security Fund for unorganised sec
  • Govt to contribute Rs 1000/month for Pension Security
  • Rs 5400 cr allocated for urban development
  • FM has exercised moderation in rollback of stimulus
  • Rs 48000 cr allocated for Bharat Nirman
  • Rs 66100 cr allocated for rural development
  • Allocation to NREGA r
Impact On Pocket
Products Cheaper /  Costlier
TRACTORS
JEWELLERY
COMPACT DISCS
MOBILE PHONES
TELEVISION
REFRIGERATORS
CEMENT
AIR CONDITIONERS
PETROL/DIESEL
CIGARETTES
CARS

Quote of the day

A leader leads by example not by force.

– (Art of War) Sun TZU

Top 10 movies of all time

Movies from the days we weren’t born in , movies that one needs to see, the classics  of classics, that no modern  movies can hardly compare too..

  1. The Shawshank Redemption
  2. The Godfather
  3. Pulp Fiction
  4. Schindler’s List
  5. Star Wars
  6. Forrest Gump
  7. Reservoir Dogs
  8. Seven
  9. Silence of the lamb
  10. The Great Escape

Steve Jobs : Stanford Uni Speech

10 Marketing Trends for 2010

2010 is poised to be an exciting year for marketers; trends that have been taking shape over the course of the past decade are creating new opportunities for business owners. The first 10 years of the 21st century brought economic problems, corporate collapses and environmental disasters, but it was also a decade defined by a shift in communications from traditional media to a worldwide conversation that flows faster and farther than anyone could have imagined. Thanks to the tools of the social web, such as Twitter, Facebook, blogs, online video and so on, news and information travels instantaneously, and that means marketers have new and exciting opportunities to reach consumers.

With those economic, cultural, political and environmental events, as well as the advances in technology and the global online conversation in mind, following are 10 trends that affect all areas of marketing, from advertising to branding and everything in between, and will shape marketing strategy throughout 2010 and beyond.


  1. Transparency and trust are paramount.
    Consumers have lived through a variety of negative events throughout the past decade, and they’re no longer willing to accept anything businesses tell them. Brands that embrace the loss of naïveté and make a concentrated effort to be honest and open in their marketing communications will generate positive consumer responses, which can lead to brand loyalty and brand advocacy. Building trust is the most important thing in 2010, and once you’ve earned it, you need to make sure you keep it. In other words, transparency and trust are not a one-time thing. They’re an ongoing effort.
  2. Less interruption, more enhancement and value-add.
    The days when ads and marketing messages were developed for the sole purpose of getting the attention of consumers are over. People expect more (or in the case of interruptions, less) from businesses and brands. Give them more by ensuring your marketing communications and efforts deliver useful and meaningful value.
  3. Speaking of value . . .
    The economic downturn that occurred in the latter part of the past decade stopped many consumers in their tracks. Rather than spending money frivolously, consumers began seeking out deals, using coupons and actively looking for the biggest bang for their buck. When the economy recovers, that behavior will not disappear immediately. Be prepared for the consumer focus on value to continue well beyond 2010, and build marketing campaigns with that consumer demand in mind.
  4. Show it, don’t tell it.
    Consumers don’t believe everything they hear. Indeed, consumers are more skeptical than ever, and you need to prove your marketing claims. Don’t just tell consumers about your product, business or services, show them what’s in it for them if they pull out their hard-earned money and buy from you.
  5. Social media is not going away, and engagement is critical.
    Twitter, Facebook, blogs, YouTube, and other tools of the online social community are not going anywhere. Instead, these tools are being adopted by more and more people around the world. If you thought you could avoid joining the bandwagon, you were wrong. In 2010, it’s critical that your business joins the social web conversation, and you must engage consumers on the social networking sites. Give them amazing content and interact with them to fully leverage the power of the social media.
  6. Peace-of-mind messages prevail.
    Consumers have lived through a wide variety of negative events over the past several years, from economic turmoil to environmental disasters and more. They’re actively seeking marketing messages that give them a feeling of peace of mind. Try to communicate a feeling of security in your marketing efforts to meet this need.
  7. Relationships rule.
    With the growth of web-based social networks and a desire for transparency, trust and peace-of-mind messages, it shouldn’t be surprising that relationships rule in 2010 and beyond. Leverage the social web to interact with people around the world and build relationships that wouldn’t have been possible a decade ago. When you build relationships with consumers, you also build a band of brand loyalists that can become your most powerful source of word-of-mouth marketing, brand advocacy and brand guardianship.
  8. Online video and mobile marketing are hot.
    Both online video and mobile marketing are set to explode, and we’ll really start to see that happen in 2010. You can create your own online video content or mobile content, or you can invest in online video or mobile advertising. The choice is yours, but there is no better time to jump in than right now!
  9. Focus, focus, focus!
    Don’t try to be everything to everyone in 2010. The strongest brands are focused brands. As the first decade of the 21st century unfolded, marketers and social media professionals began using the term niche more and more to identify highly focused products, websites, blogs and so on. Today, that strategy is even more important. Build your core and keep it as strong as possible before you try to extend your brand and branch out into new areas.
  10. Integrated marketing trumps stand-alone tactics.
    It is absolutely essential that you surround consumers with your marketing messages in 2010. The number of marketing communications that people see each day is overwhelming, so it’s important that your messages don’t get lost in the clutter. You can make your brand, your business and your messages stand out by surrounding consumers with branded experiences and allowing them to choose which of those experiences they want to consume. For example, use online advertising, online video, custom content, point-of-sale collateral, and ads with consistent messaging to engage consumers in different parts of their lives. If you’re consistent and persistent, your messages are more likely to connect with your target audience–raising brand awareness, recognition, purchases and loyalty.

Lost Generation

All together a nice video , wait till the end to understand it.

Google Buzz

Hilarious guys check it out…