Friday, 24 April 2015

Pure Competition and Aptitude

Pure Competition and Aptitude
Dhananjay Parkhe

स्वयमेव मृगेन्द्रता C Suite Mentor Artist Critic

Pure Competition and Aptitude


Term of the Day

pure competition

market characterized by a large number of independent sellers of standardizedproducts, free flow of information, and free entry and exit. Eachseller is a "price taker" rather than a "price maker".
Learn more about this term
Usage Example
It's nearly impossible to find a market with pure competition, but the milk industry is pretty close in the sense that every seller is offering basically the same good.
Notable Quotable
"Everyone who ever told me that the markets are efficient is poor." 
-Larry Hite
Term of the Day

aptitude

Acquired or natural ability (usually measurable with aptitude tests), forlearning andproficiency in a specific area or discipline. Aptitude is expressed in interest, and is reflected in current performance which is expected toimprove over time with training.
 Learn more about this term
Usage Example
The student had such an aptitude with mathematics that his professor was certain he would go on to make many important contributions in the field.

Wednesday, 22 April 2015

Two Terms of the Day : Capex, Interest Income

Two Terms of the Day : Capex, Interest Income
Dhananjay Parkhe

स्वयमेव मृगेन्द्रता C Suite Mentor Artist Critic

Two Terms of the Day : Capex, Interest Income

It was a great company to work with. It was one of the best employers in Europe and had imbibed the spirit of 'Investor in People'. The three major learning for me when I joined the company in late 90's was:
1. The toughest decision in this company is to add a 'HeadCount' !
2. The 2nd Toughest decision in this company is to propose the Capital Expenditure (CAPEX)
3. Generating 'Free Cash-flows will be the most pleasing thing for the CFO and the CEO ( who is a ex-CFO).
Well, so much for my nostalgia.  Giving below our two terms of the day:
Term of the Day

capital expenditure (CAPEX)

An amount spent to acquire or upgrade productive assets (such as buildings, machinery and equipment, vehicles) in order to increase the capacity orefficiency of a company for more than one accounting period. Also calledcapital spending.
 Learn more about this term
Usage Example
If you have to put up a big capital expenditure you must be sure that the profits will be big long term.
Being Retired living mostly on the Interest income this is a term close to my heart as a Senior citizen. I hate the RBI Governor and the FM of the country who are forever reducing the interest rates on our deposits and on the Corporate borrowers who sit on CashPiles of Reserves in India not knowing where to invest while the PM of India goes scouting for new FDI for his 'Make in India' program - isn't something drastically wrong somewhere? :)
Today's Notable Quotable is my favorite :
"The pride of dying rich raises the loudest laugh in hell." 
-John Foster

Term of the Day

interest income

The term that companies use on their income statement for reporting the interest earned on cash temporarily held in savings accountscertificates of deposits, or other investments. Because the interest wasn't part of the original investment, they record it separately, as interest income.
Learn more about this term
Usage Example
The profit came on the back of strong interest income on both corporate and consumer banking.

Tuesday, 21 April 2015

On Top of my Mind: Bandwidth, Comprehensive Coverage and Road Safety

On Top of my Mind: Bandwidth, Comprehensive Coverage and Road Safety
Dhananjay Parkhe

स्वयमेव मृगेन्द्रता C Suite Mentor Artist Critic

On Top of my Mind: Bandwidth, Comprehensive Coverage and Road Safety

I was quite disturbed to read this morning about 300 soldiers killed every year in Road Accidents in India.  India, has a dubious record of Road Accidents and fatalities for several decades.  As a Corporate, I was spearheading the Road Safety Campaign in my company and we had developed several useful partnerships but it saddens me to see the current state of affairs.
I just posted this "Having been a Road Safety Champion in my corporate life and having interacted with the MORTH Ministry, I am least surprised. For Modi Government which said Toilets come First, Temples later ( which was a great slogan and I see lot of action being taken on ground) - for the Defence, Skill Development and MORTH MInistries Road Safety, Defensive Driving, Road Safety Audits are the least priorities and it seems that Morgues, Burial Grounds, Coffins come first for them rather than including Driving in the Skill Development Councils - Focusing on the Road Safety and Defensive Driving, Getting rid of the archaic laws covering MV Act and the confusion with the authority lying with Municipal, States and Central Government. There is no focus on the tightening of the Vehicle quality controls and thousands of vehicles are recalled by automobile manufacturers who couldn't care more for the lives of Indians dying on the roads killed by their vehicles. If the Make in India slogan is to be believed as one wag told me - Road deaths and fatal accidents are likely to double/ triple in this regime who cares NOT ! This is a very sad state of affairs indeed." in TOI in frustration.
Let us see our Two Terms of the Day :
Term of the Day

bandwidth

Rate at which electronic signals can travel through a medium, such as a wire, cable, or channel. Bandwidth may be thought of as the width of the 'pipe' through whichdata travels: greater the width, larger the amount of data that can flow through it. Technically, it means the difference between two frequencies. In analogtransmission (such as of voice signals over coppertelephone lines) ...
 Learn more about this term
Usage Example
The IT department decided to increase the office's bandwidth when several employees complained that they could not download or upload information as quickly as they needed to every day.
my
Term of the Day

comprehensive coverage

Insurance designed to pay for the repair or replacement of the policy owner's car in the event of damage not resulting from an accident. Comprehensive coverage usually requires the payment of a deductible when a claim is made and may be required to secure a new car loan.
Learn more about this term
Usage Example
Comprehensive coverage might be optimal for your business if you have several employees and own the business property.
Notable Quotable
"The trick is to stop thinking of it as your money." 
-An IRS Auditor
I leave you with your thoughts to see if there are any creative and practical solutions for Road Safety. 

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