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Transcript of Hop2Top Teaser
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presents
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WAT !?!?
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GroupDiscussions
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1
(1) Growth in Economy(2) New Job Opportunities will be created
(3) Benefits to Farmers :In the retailing business, the intermediaries have dominated the
interface between the manufacturers or producers and the consumers. Hence the farmers
and manufacturers lose their actual share of profit margin, as the lions share is eaten up by
the middlemen. This issue can be resolved by FDI, as farmers might get contract farming,
where they will be able to supply an organised retailer based upon demand and will get paid
handsomely for that and they need not run in search of buyers.
(4) Benefits to consumers :Consumers will get variety of good quality products at low
prices compared to market rates and will be able to choose from various international brands
at one place.
(5) Infrastructure will grow :This has been one of the common issues in the retailing chain
in India for years, which has led to the process of an incompetent market mechanism. To cite
an example, in spite of India being one of the largest producers of fruits and vegetables, lack
of proper cold storage facility significantly affects the selling of these perishable items and
also in huge losses. Allowing FDI might help India have better logistics and storage
technologies resulting in avoiding wastage. Due to FDI foreign companies will invest around
$ 100 million in India. Thereby, infrastructure facilities, refrigeration technology,
transportation sector will get a boost.
(6) Cheaper Production facilities(7) Availability of new technology and hence development of new skillsets
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(8) Long term cash liquidity :FDI will render necessary capital for establishing organised
retail chain stores. It is a long term investment because the physical capital in the domestic
company is not easily liquidated.
(9) Foreign countries will also create a supply chain management in the Indian market. This
will result in avoidance of food wastage and perishables.(10) FDI opens up a new avenue for Franchising
(11)According to the Indian Governments condition, foreign companies have to source a
minimum of 30% of their goods from Indian micro and small industries. This will encourage
the domestic manufacturing by creating a big effect for employment and technology up
gradation and income generation.
(12) Countries like China, Indonesia and Thailand have 100% FD1 in retail. Reports show
that these countries have experienced high growth in agro processing industry, refrigeration
technology and infrastructure.
(1) Impact on the organised players (eq. Kirana shops) The overall size of retail market inIndia at present is estimated at ` 5,88,000 crore of which, the unorganised portion of the
market is worth ` 5,83,000 crore and the share of organised portion of the market is ` 5000crores. The unorganised market provides the second largest employment opportunities to3.95 million people (first being the agricultural sector). It is argued that opening the retailsector will have an impact on sales in the unorganised sector. As a result of this,employment provided by the unorganised sector will be affected. It is reasoned that byreducing the number of intermediaries, organised retailing will lead to some jobdisplacement.
(2) Limited Employment Generation It is said that FDI might provide employmentopportunities, but it is argued that it cannot provide employment opportunities to semi-illiterate people. This argument gains more importance because in India, large number of
semi-illiterate people are present.
(3) Fear of lowering of prices There is a fear that allowing FDI in retail would result inlowering of prices, as FDI will bring in good technology, supply chain etc. If prices arelowered, then it will lower the margin of unorganised players also. As a result of this, theunorganised market will be affected. This in turn will have an impact on the employment
opportunities provided by the unorganised market.
(4) FDI in retail will drain out the countrys share of revenue to foreign countries, which maycause negative impact on Indias economy.
(5) Fears that domestic organised retail sector might not be competitive enough to tackleinternational players might not only resulting in loss of market share for them but in closure oftheir units.
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(6) There is a possibility of small business owners and workers from other functional areas,as lot of people are involved in unorganised retail business, may lose their jobs.
(7) Small retailers and other Kirana Stores may close down.
(8) Supermarkets will establish their monopoly in the Indian market. Due to supermarketsfine tuning and higher accessibility they will be able to buy goods at lower prices andtherefore will be able to sell at lower prices to consumers. This will result in closing of manysmall retailers.
(9) Though Government has stipulated that 30% procurement should be from Indiansources, this may get diluted over the years. The remaining 70% procurement from cheapercountries will make the people run towards that stuff and the 30% supply from Indian smallindustries will have their own death, unable to compete with low price Chinese goods
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BSTR CT GDTOPICS
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How to attack Abstract Subjects during a GD
or an Interview?
Some Pointers
Such topics are based on your perception.
The way you look at the topic decides your subsequent participation and performance
The challenge here is to put forth multiple implications of the topic and then evoke a
discussion on some of them
Idea generation and ability to add a tangible angle to an otherwise abstract topic are the
hallmarks of success in this case. Try and connect the topic to your knowledge of
subject areas such as general awareness, politics or sport
In a GD, take a minute or two to gather your thoughts. Try not to kick-start the GD unless
you have a decent idea on how to go about it
In an interview, feel free to ask the interviewer for some time (say a minute) to think
about what to say. Good humor is appreciated; Bad humor can get you shot!
Some examples have been presented in the following material which emphasize how to
kickstart idea generation and proceed further.
It is advisable to come up with a couple of ideas in the beginning, and extrapolate them
further by quoting real life scenarios and situations
Some examples with possible answers/ideas are:
Pigs can fly1. Essentially this phrase is used as a figure of speech so hyperbolic, that is
describes an impossibility
2. One interpretation of this phrase is some impossible event has occurred3. AAP coming to power in Delhi
4. Blackberry's sudden debacle
5. Jasmine revolution usurping incumbent dictatorships across North Africa
6. Another interpretation could be what would be the 'impossible thing that can now
happen'
7. Here one example is Indian Football team taking on the world and then can talk
about poor condition of sports other than cricket in India
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PI
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General PI Questions
Question 1:
Tell me something about yourself
I was born and brought up in Delhi, and completed twelve years of schooling from the
same school Delhi Public School, Mathura Road post which I went on to pursue
Engineering in Information Technology from MIT, Manipal. I started my career with J.P.
Morgan Chase, Bangalore. I spent a couple of years in a technology based role within the
Investment Bank. It was here that I developed an innate passion for finance which led to my
current objective of attending B-School. I have had the opportunity to travel extensivelyaround the world and interact with individuals across diverse cultures and geographies.
Courtesy of my fathers profession as a sea-going captain, I have visited over eighty
countries around the world by ship. I pride myself in being a hard worker and a result-
oriented person with very high integrity and strong values something that my upbringing
has taught me. In addition, I believe I have strong interpersonal skills, and the ability to
adapt and get along well with people. Im passionate about learning new skills and taking up
new challenges whenever an opportunity presents itself. Some of my other interests include
playing the guitar, hiking & exploring places, listening to music and experimenting with new
cuisines
Question 2:
Mention your strengths. State one instance associated with each.
Inclusiveness
As with every area of organizational work, in the organization I was employed with, there
was diversity in culture that impacted the delivery of services. I was part of a global team
spread across 5 worldwide locations. This called for inclusiveness and an all-encompassing
attitude. Being inclusive and accepting varying opinions and viewpoints, in my opinion, has
not only made me a better team player but also a better individual
Good at planning and execution
I was part of a 3 member team that had to completely overhaul the design of an existing
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INDIAThe name India is derived from Indus, which originates from theOld Persian wordHindu.The
latter term stems from theSanskrit word Sindhu, which was the historical local appellation for
theIndus River.The geographical term Bharat, which is recognised by theConstitution of
India as an official name for the country, is used bymany Indian languages in its variations.Theeponym of Bharat isBharata,a theological figure that Hindu scriptures describe as a
legendary emperor of ancient India. Hindustan was originally aPersian word that meant "Land
of the Hindus"; prior to 1947, it referred to a region that encompassed northern India and
Pakistan. It is occasionally used to solely denote India in its entirety.
No. of States: 29( Including Telengana)
No. of Union Territories: 7(Including Delhi)
Population: 1,210,193,422(Census 11)
Uttar Pradesh most populous state
Literacy Rate:74.04%
GDP: 1.84Trillion(2012)
HDI: 0.554Sex Ratio :940
Chief Justice of India: P Sathasivam
Chief Election Commissioner: V.S. Sampath
Chief Vigilance Commissioner: Pradeep Kumar
Chief of Air Staff: Air Chief Marshall N.A.K Browne
Chief of Army Staff: General Bikram Singh
Chief of Naval Staff: Admiral Devendra Kr. Joshi
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http://en.wikipedia.org/wiki/Old_Persian_languagehttp://en.wikipedia.org/wiki/Hindushttp://en.wikipedia.org/wiki/Hindushttp://en.wikipedia.org/wiki/Hindushttp://en.wikipedia.org/wiki/Sanskrithttp://en.wikipedia.org/wiki/Indus_Riverhttp://en.wikipedia.org/wiki/Constitution_of_Indiahttp://en.wikipedia.org/wiki/Constitution_of_Indiahttp://en.wikipedia.org/wiki/Names_of_the_Republic_of_India_in_its_official_languageshttp://en.wikipedia.org/wiki/Eponymhttp://en.wikipedia.org/wiki/Bharata_(emperor)http://en.wikipedia.org/wiki/Persian_languagehttp://en.wikipedia.org/wiki/Persian_languagehttp://en.wikipedia.org/wiki/Bharata_(emperor)http://en.wikipedia.org/wiki/Eponymhttp://en.wikipedia.org/wiki/Names_of_the_Republic_of_India_in_its_official_languageshttp://en.wikipedia.org/wiki/Constitution_of_Indiahttp://en.wikipedia.org/wiki/Constitution_of_Indiahttp://en.wikipedia.org/wiki/Indus_Riverhttp://en.wikipedia.org/wiki/Sanskrithttp://en.wikipedia.org/wiki/Hindushttp://en.wikipedia.org/wiki/Old_Persian_language -
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Google sells
Motorola to Lenovo
for $2.91 billionLenovo will useMotorola's name to
enter the US smart
phone market
Google is selling Motorola Mobility to Lenovo, giving the Chinese smart phone
manufacturer a major presence in the US market. Lenovo will buy Motorola for $2.91
billion in a mixture of cash and stock. Google will retain ownership of the vast majority of
Motorola's patents, while 2,000 patents and a license on the remaining patents will go to
Lenovo. At the deal's closing, Lenovo will pay Google $660 million in cash and $750
million in stock, while the remaining $1.5 billion will be paid out over three years.
Microsoft acquires
Nokias devices &services business, license
Nokias patents and
mapping services
Etihad gets CCI nod for
50.1% stake buy in Jetloyalty unit
Abu Dhabi-based Etihad Airways today got
Competition Commission's approval for purchase of
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Essential Economics
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Some essential economic terms
Gross domestic product (GDP):
The total of goods and services produced by a nation over a given period, usually 1 year. Gross
Domestic Product measures the total output from all the resources located in a country,
wherever the owners of the resources live.
Gross national product (GNP)
It is the value of all final goods and services produced within a nation in a given year, plus
income earned by its citizens abroad, minus income earned by foreigners from domestic
production. The Fact book, following current practice, uses GDP rather than GNP to measure
national production. However, the user must realize that in certain countries net remittances
from citizens working abroad may be important to national well being. GNP equals GDP plus netproperty income from abroad.
Globalization:
The process whereby trade is now being conducted on ever widening geographical boundaries.
Countries now trade across continents and companies also trade all over the world.
Human capital Productive investments embodied in human
persons:
These include skills, abilities, ideals, and health resulting from expenditures on education, on-the-job training programs, and medical care.
Imperfect competition:
A market situation or structure in which producers have some degree of control over the price of
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What is money?The characteristics of money are:
Rise of banking- role of Banks
Inherentlydesirable
DivisiblePortable -
High Value perwt/vol
Durable -Storehouse of
Value
TraditionallyGold/Silver
Collection of funds from sources
Lending of funds to businesses
Foreign Exchange
Letters of credit -Facilitate Trade
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2
Marketing vs. Selling
In general we use marketing and selling as synonyms but there is a substantial differencebetween both the concepts. It is the action part of marketing only and has shortterm goalof achieving market share. The end means of any sales activity is maximizing profits throughsales maximization.Marketing as a concept and approach is much wider than selling and is also dynamic as thefocus is on the customer rather than the product. While selling revolves around the needs
and interest of the manufacturer or marketer, marketing revolves around that of consumer. Itis the whole process of meeting and satisfying the needs of the consumer.
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4
BMW or go on a cruise. Thus a step ahead of wants is demands. When an individual wants
something which is premium, but he also has the ability to buy it, then these wants are converted to
demands. The basic difference between wants and demands is desire. A customer may desire
something but he may not be able to fulfil his desire. Example of demandsCruises, BMWs, 5 star
hotels etc.
The needs wants and demands are a very important component of marketing because they help themarketer decide the products which he needs to offer in the market. Thus the flow is like this.
Target Group
First, the target group is a group of intended users of the product. These are the people for
whom the product was designed. These are the individuals who will be experiencing the value
proposition.
Second, the key target user is a predominant user for the product. There may be other
secondary and tertiary users for the product.
Third, the key target user does not refer to an individual. It refers to a segment of individuals
that share the same characteristics.
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