Paramdeep Singh's Blog

Questions to ask when looking for a supplier

Posted by ParamdeepSingh in Uncategorized

Picture source: http://www.cuptask.com/blog/find-supplier-ecommerce-startup/ Blog in reference to: http://www.businessblogshub.com/2015/11/what-questions-to-ask-yourself-when-searching-for-a-supplier/ In todays world running a business is no more a one man job but a job of many steps put in together to form one smooth chain. For a normal human being, a supplier might seem to be a very easy person to deal with but for a business to look for the right person is a very hard job. Many people would consider to keep switching between suppliers. They might choose the one which provides the cheapest material once and then…read more

Nov.20

One for One Strategy

Posted by ParamdeepSingh in Uncategorized

I agree with and support the ‘one for one’ business model because the only way to gain competitive edge over competitors or having a point of difference is the way of success in today’s world. Many will argue that giving donations or free products will be a source of loss for the company providing so. I agree with them but this will only be in the short run. In the long run the potential customers will realise the good that the company is doing good and start buying more and…read more

Nov.17

Drone: The new world

Posted by ParamdeepSingh in Uncategorized

(Photo: Bloomberg News) The development in the science world has left everyone startled. There has been development in drones as well and according to certain sources E-commerce giants Amazon are going to introduce delivery of goods through drones. The dates for this to happen are still uncertain as, realistically speaking the clearance from Federal Aviation Administration is going to be a really tough one to get. There are many other business who are having similar ideas. Drones have become like remote control planes that can be used and probably be…read more

Nov.15

Bombardier stuck in a fix

Posted by ParamdeepSingh in Uncategorized

Montreal based jet manufacturer Bombardier has found itself in a huge problem as its sole Canadian CSeries order is in doubt after officials in Ottawa confirmed that it would not allow passenger jets to take off from Billy Bishop Toronto City Airport. The order was placed by Porter Airlines and the Billy Bishop Toronto City Airport is a hub for Porter Airlines. Porter in 2013, place on order worth US$870 million for a dozen of the 110 to 125 seat CSeries aircraft on the condition that they would be allowed…read more

Nov.15

Blackberry: Everything done Wrong

Posted by ParamdeepSingh in Uncategorized

A response to: https://blogs.ubc.ca/valeriecheng/2015/10/25/blackberry-what-really-went-wrong/ Blackberry once the only player in the then smartphone market has now nearly lost all its power in the market. There will be various reasons for this decline, the major possibility being not being able to match up with the ongoing trend. Blackberry stayed calm when competitors like Apple developed its systems and products and came out with new technologies. This lead to a massive decline in the units demanded for the Blackberry phones. I agree with Valerie that if the company could have further expanded…read more

Nov.15

Nestle India’s Loophole

Posted by ParamdeepSingh in Uncategorized

In the summer of 2015, the FMCG market of India was shocked on the release of a statement regarding Nestle India’s instant noodles, Maggi. The Food Safety and Standards Authority of India (FSSAI) reported the mixing of monosodium glutamate (MSG) and a high content of lead in Maggi. According to rules set by FSSAI, MSG should not be added to food for infants below 12 years of age, but is allowed in the seasoning used for the noodles. Although Maggi claims that its product didn’t contain any MSG, the lab…read more

Oct.17

OnePlus Marketing

Posted by ParamdeepSingh in Uncategorized

Chinese phone manufacturer OnePlus is one of the many selling high-end smartphones at comparatively low prices. The OnePlus One released in the April of 2014 and the OnePlus two released in the August of 2015. The most unique part of the product is that, even though the price is low, not everyone and anyone can buy the phone. The mobile phone can only be purchased by a person who has an invite for it. The company doesn’t do any marketing for the product. This saves them a lot of money…read more

Oct.04

Bajaj Auto’s $2000 Quad

Posted by ParamdeepSingh in Uncategorized

Quad or the RE60, is an example of a quadricycle in India. It is manufactured by Bajaj Auto. Bajaj is a key company in India producing three wheelers and the RE60 is the first step in their new venture. Bajaj RE60 was expected to challenge Tata Nano in India. However the RE60 is not legally classified as a car and therefore cannot be sold to individuals. In 2013, the Indian government classified it as a quadricycle. It cannot reach speeds of 90km/h and therefore can only be used for commercial…read more

Oct.04

Satyam’s Fraudulent Financial Statements

Posted by ParamdeepSingh in Uncategorized

A Fraudulent Financial statement is generally defined as the deliberate misrepresentation of the financial situation of an enterprise to mislead financial statement users like their stakeholders. They might be committed due to the situational pressure, perceived opportunity or a way to rationalize the act as justifiable. One such example was the Satyam scandal, in India which occurred in 2009. Satyam was an Indian IT and accounting firm. The main culprit for the scam was Ramalinga Raju who was the CEO of the company during that period. The company falsely increased…read more

Sep.28

Business Ethics

Posted by ParamdeepSingh in Uncategorized

The stakeholders play an important role for the progress of a company. They together can figure which way the company should head towards. Business ethics help in providing the head of a company a framework of his authority. The stakeholders of a company would be its customers, suppliers, employees and the financiers. A company which can create value for its stakeholders can have a positive environment in and around the company. In February of 2014 CVS Caremark, the largest drugstore chain in terms of overall sales and pharmacy sales announced…read more

Sep.16