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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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    (Note: This is just a sample of the main content. Please order your copy now for the full version)

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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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