Formula of super successful CEOs

by ExpertBlogger 30. May 2019 13:44

CEO is the engine of an organization, but we often think what fuel or specifications is required to be that engine? Do a CEO has to be a graduate, a post-graduate, a doctorate or even with no educational qualification at all? It is weird that one who is running a multi-million/billion company and he/she doesn’t have a degree, well the top 400 richest US people will tell you a different story, Out of 400, 21 have PhD, 29 are Masters in Science, 35 have law degrees and 63 didn’t receive the college education and rest are simply graduates. 

The richest man of the world Jeff Bezos is a simple graduate, second richest person, Bill Gates never completed basic college and third richest person, Warren Buffet is a Master of Science and the 4th richest Amancio Ortega never received any education at all. It doesn’t matter whether you take top 4 or top 400 you cannot state the necessary conditions that requires you to be a successful CEO because the only thing common between them is they prefer reading, actually they all are voracious readers because with reading comes knowledge and that can be used for innovation which is far more important than a degree from an Ivy-league colleges. 

This can be deduced from the fact that Warren Buffett reads six newspapers daily, Mark Cuban read three hours on a daily-basis, Bill Gates reads 50 books in a year. On an average a CEO reads 4-5 books per month and 5-6 newspapers daily. 

So now the answer to the question depends on two conditions whether the CEO is a full or partial owner of the company. CEO is running the company as an employee.

In the first condition a person can be anything doctor, lawyer, graduate, post-graduate or even uneducated because the force required to run his company is knowledge, instincts and his decision making skills. In this condition a person strive to learn new things and willing to take new challenges, this is another common denominator of this category of CEOs, they are more adaptable to change and venture into unexplored areas. Take for example Mr. Elon Musk, after having a degree in Economics, he started an Online Payments Company Paypal and do coding there and later he sold this company for 180 million. He then invested the entire amount in Tesla, an automotive company and Space-X a space exploration company. The former makes electric cars and the latter is involved in making Rockets.  

So, if you started any business or start-up then the success of your firm depends on your decision-making prowess and how you create that business. It is like running a race and building your vehicle in the process. Your own efforts can either build a cycle, bike, car or even a fighter plane to win that race. In case of super successful CEOs like Jeff Bezos, Bill Gates, Amancio Ortega they have created a super-stealth fighter plane like Amazon, Microsoft and Zara and they are still experimenting and venturing into new fields. 

In the second case a graduation degree can be a requisite condition but not the necessary one. The necessary condition is the experience with effective track-record. The experience is more important in second condition as in most of the professionally driven companies; the top executive age is 55-58 on an average. A great example is Mr. Sundar Pichai , CEO of Google, who is the highest paid CEO of a company which he neither founded nor owned as a minority or majority shareholder. He is a Metallurgical Engineer from Indian Institute of Technology (IIT)- kharagpur and a masters in Material Science and Engineering and he is currently heading a company which has no relation to his educational qualifications.  

Similarly, if you have started your career in any company and want to become the CEO of that firm then all you need to do is gather more experience and hone your skills. This will help you long run also try to create stellar track-record which will help you to claim for that position. 

So the conclusion is a higher education degree in might give you the edge but it is your own skills of knowledge-seeking and risk-taking that will win the game!!!

Fascinating World of Fashion, It's a personal statement

by ExpertBlogger 18. April 2019 12:16

It has been rightly remarked by Coco Chanel the owner of one of the most sought after Fashion brand that “Fashion fades, but style endures”. 

Fashion is the trend of the moment. It doesn’t last, it is seasonal. The volatility of fashion makes it interesting and very appealing for mostly the new generation. For a generation that is older or not at par with the newer generation prefer style over fashion. Some people carry themselves in a particular ensemble or a way that makes them more of a fashion themselves because their style will always be in trend even with the changing tendencies. Like the famous Little Black Dress by Audrey Hepburn or a suit and silver flecked grey hair of George Clooney one just have to be totally comfortable in the style that he/she is carrying and that becomes a style statement for times to come. So, it can be said that an individual’s personal style statement can be a trend. 

Fashion projects multiple facets of a society. Fashion highlights the social history and the desires of the people of that society. It also manifests the overall traditional aesthetic of the several periods that the society had been through. The evolution of fashion ages back to numerous years and as the attitudes and culture diversify, traditions come along with it.

The young generation is a major admirer of fashion drifts. Fashion trends get influenced majorly by Bollywood as well as Hollywood. Metro cities witness the swift deviations in fashion especially because of the young school and college going crowd.

Fashion is a form of unrestricted language of one’s personality and also the social set up of the person. It not only comprises clothing, but also accessories, hair-dos, beauty and body art. What, how and when we wear the fashion statement, provides others with a quick reference of imperceptibly reading the outward situation of a society.

Fashion is a language of symbols, cyphers and an illustration that non-verbally conveys meanings about an individual or a group of individuals. Fashion in all its methods right from tattoos to piercing various body parts, to the newest and bizarre hairstyles, is the best form of graphics to express an individual’s identity. It enables a person to make himself/herself understood by the beholder. It is not everything but yes it is an important persona of an individual for someone to grasp a glimpse into his/her personality. All other things come later about knowing a person. It provides the clues of a person’s status and professional role and success, as well as being a means of being compliant to his/her peer group’s anticipations.

Today the failure to modernize and to reform our bodies whilst constantly observing the ethnic ideal state leaves us flunking the fashion test. Those that pass this fashion trial perpetually spend their lives being consumed in a vicious circle of diet, exercise, cosmetic surgery and other beauty and health regimes. This is not bad always however, it is supporting a segment of the market that largely constitutes the healthy food and other activities like gym , yoga , power yoga , cycling , marathon , organic food and many other things that ensure that people keep themselves engaged in buying these to look and feel good.

Another pressing need to be doing and wearing which is in vogue is an innate desire of every human being to strive for differentiation and to stand out of the crowd. The individual use fashion as a means to form an identity of his/her own in order to be recognized as different in the crowd.

One of the most preferred forms of semiotic difference is fashion, because fashionable clothes, accessories and body adornment are easy for others to perceive at a glimpse. Secondary items, particularly branded specific stuff like handbags, footwear, ornaments, and various forms of accessories also defines an important attribute of an individual i.e. the status. A piece of fashion has to be approved by others and then it inspire others to be copied by them. Finally it is replaced at some point of time when it becomes too routinely and commonplace and ceases to be distinctive. What is fashionable is transitory and what is style is permanent however a style statement can be a fashion and fashion marks the style statement.

E-commerce -a threat to on premise retailers

by ExpertBlogger 13. April 2019 11:43

Internet is the greatest boon of this century and one of the most rewarding inventions of our times. It has not only created an e-revolution in the world but has also touched all the segments of the businesses be it FMCG or apparel, services anything and everything. The e-retail market has catered to the needs of the consumers in every possible way from having the most user friendly interfaces to the super-fast delivery solutions that provides a lot of flexibility to the end user and saves time, money and effort by making everything available at the doorstep in no time. E-commerce has turned the retail market upside down with just one attribute of it’s that is convenience which has been every consumer’s desire while buying anything goods or service. E-commerce is not only convenient to the consumer but also for the seller as it saves all the resources that goes into making a retail showroom and the overhead of maintaining the property and if its rented then the huge rent that the seller has to bear. Shredding all these expenses the e-commerce just caters to everything that a buyer and seller can ask for. With tastes and changing trends e-retailers just have to focus on product availability and the delivery to the customer and the various payment gateways. Advertisements and other marketing strategies can be implemented with greater precision based on the consumer’s pattern of buying and looking for products over the various websites. For the seller as well e-commerce of his products can widely expand the scope to reach larger audience and various geographies as well. The only ones that a seller has is to reach out maximum consumers without worrying about the space and other infrastructure costs.

The retail conversion of physical shops and showrooms into e-commerce facilitator is gaining momentum. Biggest of Indian retail supermarket, electronic, apparel chains have adopted the online model and are focusing on having an e-commerce existence in the market. With technology making a presence even in the remote areas, larger population seem to embrace e-retailing. Nearly 68 million internet users are from remote areas, who sum up for half of total sales that happen at online shopping portals in India.

Recent trends show that there has been a paradigm shift in the buying patterns of the consumers worldwide, who are gradually keen to buy goods and services online and are rapidly treading towards a more appropriate, user friendly and innovative platform.

 

From grocery to a car, from medicines to a full-fledged furnished house, from cosmetics to the electronics the online marketplace has advanced to become as the one-stop shop for everything. Also, the hopes of the consumers are changing to entirely new dimensions, with outstanding benchmarks set by the e-retailers. Shoppers are aware of the value that these online portals offer, the plethora of products that these portals put on display and the one click comfort of making hassle free purchases right from the comfort zone of the consumer have made e-commerce a buzz word.

Such changing market trends have given a blow to the shopkeepers and showroom owners who are under the blow of the herculean rise of e-commerce websites. Amazon, Flipkart, eBay etc. are the fore runners that pose as a threat to all the retailers who now have to re think their strategy to survive in the market. The price for the showroom / shop setup and its maintenance and also the on-floor staff cost is incurred through the consumer and all this is added in the selling price. The e-commerce sites since don’t have to bear these costs offer the lowest price possible that will include their profit margins as well. The consumer are not concern about the quality issues as the e-commerce websites provide easy return and replacement as compare to the merchants. The bad product or service has a surety of full refund which attracts more consumers to these portals than to get into the endless return cycle of the real merchants.

The e-commerce is the future of consumer market not because of it’s convenient methods but because it improves its strategy each day which the on premise merchants fail to implement and improve and stick to the traditional way of selling the products.

Healthcare & Business , What we are choosing?

by ExpertBlogger 11. March 2019 10:44

We have seen many most developed country of the world, and if it has been assumed that it has world’s highest life expectancy then this would be an incorrect supposition. U.S. stands way too below in the ranking of healthcare systems, studies prove that accessibility of care process, administration, drug costs and overall outcomes of these have made America a nation where the healthcare is meant to be for rich. It was estimated that an average American spends around $900 per person on an average and this figure is about five times more than the expenditure by an individual from any other developed country. The lavish medical bills and drug costs has not helped America to have a better life expectancy, but it has resulted in a broken medical system that only led to a higher spending on the healthcare but good health. The end users are falling prey to a system that is non-transparent and highly unpredictable because of the insurance companies not giving any access to the payer at all in the billing system of the treatments that they take or medicines that they buy. The non-interference of the Government to moderate these cost discrepancy has led to further breaking of the system which results in dissatisfied consumers and hence low life expectancy rate. The consumer will hardly be able to decipher the billing details of any treatment he/she had undergone through because this remains the most guarded secret of the insurance companies that work with the hospitals and the providers hand in hand to create a black box around the costing. Different procedures conducted in a facility have different costs and the consumers are billed differently by the hospitals and the amount billed would be always more than the amount covered for that procedure by the insurance company. The deducible factor of a comprehensive health plan is the determinant for cost borne by a consumer. Plans with lower premium and higher deducible will result in more cost to be incurred on the consumer whereas plans with higher premium and low deducible makes the healthcare more affordable to the consumer.

 

An average American has to pay fifty to eighty percent more price for a drug than any other individual of other developed countries like Australia or Canada. American Government do not intervene in moderating the price of the drugs and have set free the pharmacies to levy any amount which they feel is suitable. It is the insurance companies instead of a government regulatory body that decide the price of a particular drug along with the pharma companies. This has a direct consequence on the bearer because for a particular drug the prices will vary across the country which does not depends upon its formulation or demand but it depends on the rate negotiated by the insurance company of the bearer and type of plan he/she has the cover of. This has resulted in the increased price of even the universal drugs that should have been available to the consumer at the lowest best price.

 

There are private authorities that serve as middlemen and earn a lot of money in the supply chain of healthcare system. These bodies help managing the drug costs but not unify it. They make money by maximizing the cost so that they get the differential amount of the copay paid by the consumer above the actual cost of the drug from the pharmacy. This has turned into a profitable business where the providers are concerned with making just money by prescribing drugs, asking for more tests than what actually are required and making sure that there will be more visits to the facility than required so that each visit can help them earn more money, as doctors are paid per service and not per positive outcome of the visit. The entire hierarchy is disruptive and indulge in such malpractices that victimize the consumers. In spite of world class technology and some extremely advanced healthcare techniques being implemented America is unable to bring back a relief to the common man to have these facilities at affordable prices because of the lack of transparency and the third party involvement which primarily look for perverse profits.

Is there end to soaring rise in the prices of the real estate

by ExpertBlogger 5. February 2019 11:53

Buying a house or a property for a dwelling is always an emotional investment for a buyer. Every time he/she buys a property he/she would make an investment that will reap fruits later in the years to come. For a property dealer also it is very important that the real estate market should keep its buyers hooked up for them to make any type of investment. Real estate business is not an easy market because the prices of the properties rise and fall sporadically, leading to a lot of uncertainty. The property rates however vary from market to market. It can be said that the prices are determined by local factors and people dwelling in that locality because conditions differ from place to place. There is a trend of accession followed by this market in which prices of the land rise at a quickening rate because factors like extra central bank liquidity/free credit/broiling foreign money drive a good bidding cycle well above sustainably inexpensive stages. As a result of which progressively the nervous owners of the properties will make all possible attempts to sell out before this surge ends. So, the supply would head fast but the prices would stagnate. An inventory will start building, as a result of which the sellers will start lowering the prices. Now begins a vicious cycle in which the buyers would lose the mojo and not want to invest in property where he/she once was, causing sellers to drop prices further. This tendency of demand – supply and pricing is known as Bubble in the market. However, the market has come out of the recession and the prices of the properties have hit the all-time high. The leading countries in which the property rates rose as high as 148% are Hong Kong, Iceland and New Zealand followed by China, Sweden and Canada. Studies claim that the prices of good affordable homes will rise in the coming years because of their shortage. Also, adding to this is the average growth in the earnings of the buyer which remains much lower than the rise in the prices of these houses.

Another significant factor for lower purchase rate of the real estate are the growing mortgage rates which is a big fear of prospective homebuyers, encouraging them to lock in the current options ,even though they’re less than the best. Growing rates also thrust unreliable buyers into the market, these are the ones who may choose to be on the boundary about buying the property.

Another reason for the increase of house prices is the local currency perspective of the buyer. The modern world is built majorly on debt, which is in-effect borrowing from the future generations.  Since the present generation is characteristically more restricted in its grossing capacity than the future generation, central banks of the nations all around the world are incentivized to lessen the local currency to refund those debts that are created by the current generation.  It's surely easier to say there's suddenly more money around instead of depicting the dearth of the money to actually increase efficiency that would be adequate enough to produce an extra amount needed to pay the debt. Ultimately, development in business series, credit obtainability, and demographic drifts are also the factors that drive demand of real estate that will lead to actual price increase in housing. A land closer to a population and economically active center, an owner can just sit on the economic development to crop the increase in the worth of the use value of the piece of his/her land. Housing prices go up due to the combined effect of inflation on the price of it and the increase of worth or the utility of the property. Increasing population in a given area rises the demand of the property. Heaps of opportunity to find occupation in a given area will lead people to move or immigrate to a certain region in order to find work. Land values determine the housing prices largely. 

Rising property prices over the previous 25 years have made owing a home a far-fetched dream for millions of people. But this development has created a response loop that inspires investors to venture in property market. This distracts capital from fruitful parts of the economy, and kicks the prices even extra ahead from what the typical family can afford.