MIB WAA SPECIAL EDITIONTHE MAGAZINE FOR ENTREPRENEURS AND PROFESSIONALS TM September 2015R. Radikaa Sarathkumar WAA - FAME AWARD8 11 RecIpient
Publisher EDITOR’S NOTEINDIANTODAY.NET SDN BHD (858997-V) Internet of Things (IoT), a large network of physical devices that extends beyond the typical computer networks, encompassing devices, industrial(Wholly-owned by Charu Holding Sdn Bhd) equipment, sensors, and extended products will have an economic impact between $3.9 trillion and $11.1 trillion per year, according toPetaling Jaya Office consulting firm McKinsey & Company recent study. The IoT has a lot ofSuite 3A52, Level 3A, Block A2, potential, our businesses need to get ready to take up the opportunities.Leisure Commerce Square, Jalan PJS 8/9,46150 Petaling Jaya, Selangor In Vedic philosophy, as a legitimate, integral part of the society to live ourTel/Fax: 03 7865 7320 livelihood. In this issue we identified The Essence Of Vedic Philosophy For Business is to create prosperity for the society to make the people healthy.Johor Bahru Office Ancient India possessed a variety of different organizational forms toNo. 6-01, Jalan Bestari 4/2,Taman Nusa Bestari, facilitate trade of engaging in business or collective activity, Our Today I81300 Johor Bahru, Johor Learned column summarized the practices not only for our knowledge but forTel: 07 235 4236 /Fax: 07 238 2320 practices too, where possible.www.IndianToday.net (e-Directory) As usual , our MIB research team continues their exploration to [email protected] business and management quotes by leading business magnates. Thishttp://www.facebook.com/MalaysianIndianBusinessMagazines month, our most favourite column brings valuable quotes from the person who fueled quarter of South Korea's US$1.5 trillion economy, Lee Kun-hee isCHAIRMAN & MANAGING EDITOR the Chairman of Samsung Group. Elsewhere in this magazine our regularRasa Rasik collection of business news from Singapore, India and local, collections [email protected] business jokes, facts & figures and did you know brings you more stunning contents.MANAGING DIRECTORR Surangi For decades, Morocco, a country with dramatic landscapes and just 10 [email protected] away from have has attracted tourists for camel trek adventures into the Sahara. Malaysian fail to realize the great potential offered by the country asSALES & MARKETING pathway to European 750 million and Africa's 1.1 billion population.We hadJayasree Vijian put efforts to identify why Morroco a unique business [email protected] 213 4236 We hope you will enjoy reading this installment of Malaysian Indian Business Magazine.ADMINISTRATION & CIRCULATIONPetaling Jaya Office: Ready To Face Difficulties And Challenges [email protected] Chairman & Managing editorJohor Bahru Office: Disclaimer: The views and opinions expressed in the articles published are those of the authors and do notShila necesarily reflect the views of MIB. While every reasonable care in taken in compiling this publication. MIB [email protected] not accept any liability whatsoever for posible errors, inaccuracies or omiisions or the consequences thereof. The publisher also accepts no liability in respect of the content of any advertisement in the magazines. All rightsEDITOR reseved. The reproduction, duplications, or republications of this magazines or any part thereof in any formArikrishnan Subramanian whatsoeverwithout wxpressed written permission of the publisher is [email protected] EDITORAnand NaiduWRITERSGanesh MuruganSanthini SubramaniamThevi SinnaduraiCONCEPT & GRAPHIC DESIGNHengki [email protected] OF NEWSBERNAMA
CONTENTMIB SPECIAL EDITION 4 12 46 50 56 584 34MIB WAA 2015 EVENT COVERAGE LIFESTYLEHidden Talents Recognized At Women Achievers Assembly Language Affects Results12 38MALAYSIA BUSINESS NEWS BUSINESS NEWS IN FIGUREMalaysian-based Firm May Start Funding Bengali Films Facts And Figure16 40WOMEN’S VIEW LEADERSHIPThere Is No Failure…Only Experiences Vedantic Management: Leadership Lessons From The Bhagavad-gita Part 13 - Majesty22 44QUOTES INDIA BUSINESS NEWSQuotes by Lee kun Hee Mood In India Changes As Narendra Modi's Shine Fades24 50EXCLUSIVE ONLINE MARKETINGSmart Lot Applications That Might Change Our Way Of Life Tips & Trick For Twitter Marketing30 58ENTREPRENEUR Eastern ManagementR. Radika Sarathkumar Special The Essence Of Vedic Philosophy
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MIB WAA 2015 EVENT COVERAGE 05The Economist Magazine quoted even future of the world economy lies increasingly in female hands. The shift of power in creating and achieving meaningful impact is clearly visible in Malaysia too. However, by large and for generations the contribution of women, especially among Malaysian Indian always been neglected. Themed with “Appreciating theIncomparable Strength”, Malaysian Innovative Business Club (MIB-Club) jointly with Malaysian Indian Business Magazineorganized Women Achievers Assembly 2015 (WAA-2015) on the Aug 15, 2015 at A'Famosa Resort, Malacca. Aimed to pitch thetalents and recognized contribution of Malaysian Indian Women, WAA 2015 brought together some 500 women across diversecommunity segment, including dynamic, influential and accomplishment women to harness the power and appreciate them.Malacca State Exco Member in charge of non government organizations Y.B. Datuk M.S. Mahadevan A/L Sanacy officiated theassembly on behalf of Chief Minister Y.A.B. Datuk Seri Ir. Haji Idris Haron. “ The state is honoured to be the chosen as the first hostof Women Achievers Assembly and I was made to understand one of the reasons being the birthplace of MIB Club President, MrRasa Rasik. I am indeed very happy to learn further that this assembly was organized by women for women spearhead by MalaysianIndian Business Magazine, Managing Director Mrs R Surangi. You have MAKE IT HAPPEN ,in line with the theme ofINTERNATIONAL WOMEN'S DAY 2015.” Mahadevan said. He further stressed “ It is obvious that no society can achieve itsmaximum strength unless each individual makes his or her maximum contribution. For centuries the woman's strength had beenblindfolded by male dominance. Today, the situation has changed where gender no longer a barrier for reaching the full potential.”During the inaugural Women Achievers Assembly, The organizer of WAA introduced another prestige award –seventeen women from diverse background were honoured WAA AMMA award as recognition to those dedicated mothersand recognized for their achievement and hidden talents in who struggle and strive in order to achieve an objective for theirmaking thing happen. South Indian actress cum children benefit. Madam Sinnamah Manikam,61 mother ofbusinesswoman, R Raadhika Sarathkumar also address the popular Tamil radio station announcer and television presenterassembly. The assembly recognized the queen of soap with Revathi. According to her children, Sinnamah a rubber tappera special award WAA-FAME Award for her significant took care her paralyzed husband for almost 15 years whilecontribution to the development of small screen industry. She ensuring all her children are educated and feed. Even at themade Radaan Media Works India Limited, a listed company age of 61 she kept herself busy by running catering businessin the public domain and is the current Chairperson and known for it taste within their vicinity.Managing Director . Raadhika, heads a big creative teamthat made her web TV with four different channels onYoutube a chartbuster including, Malaysia. Read more onher entrepreneurial journey in this issue entrepreneursection.Shasmithaa Nityanandan, 12 was recognized for winning Anu Sheela Themudu an exemplary young Malaysian whomthe Austalian Junior Squash Under 13 Championship has proven that with passion, imagination and willingness to put2015. Prior to that she won CIMB Grand Finale the effort, one can create an entirely marketplace that has neverChampionship. Shasmithaa the most youngest WAA existed before. Anu Sheela daringly ventured into the sub-Award recipient will be sitting for UPSR Examination in specialty domain of forensic pathology where most; especiallySeptember 2015. women will shy away. Her passion for perfection and ferocious drive to revolutionized 3 industries; namely the IT, medical visualization and healthcare. She built a technology company by connecting creativity with technology; where leaps of imagination were combined with remarkable feats of software engineering. Sept.2015|
06 MIB WAA 2015 EVENT COVERAGEPrema Vijaya Kumar, PhD lost her father at the young age Dr T.Ramanayagam KMN, PMP,AMN, AMP, PJK born in Batuof 18 and is the eldest of four female siblings. Known for her Gajah, Perak at time when nation's security was threatened byhard work , sacrifice and strong will power she now runs the invading Japanese, and grew up in the midst of socialMavisha International Preschool and Mavisha Social & disorder. A strong, determined and persevering character beenWelfare Foundation . “I feel that my greatest strengths to instrumental for helping many poor and under privileged womenrun this foundation are to remain calm in stressful situations in far interior for last three decades. Her commitment of upliftingand reassure anxious clients by clearly explaining the right women, she earned numerous recognition such as Tokohprocedures to them.”Dr Prema told MIB. Besides running Wanita Perak, Avon-Tan Sri Fatimah Woman of Distinction ,her own foundation, she also involved in other social Tokoh Wanita Malaysia , Ambassador of Peace. She still takeservices for our communities. care her own business and continue to community not only on local organizations, politics but also Internationally.Sept.2015|
MIB WAA 2015 EVENT COVERAGE 07Sugunadevi Arjunan Shasmithaa NityanandanParamaswary T. Harinarayanan Vijayaletchumy PalaniappanYogesmalar Kasimuthu Annamani Adinarainan Sept.2015|
08 MIB WAA 2015 EVENT COVERAGEThana Sriiya Verasamy Sinnamah ManikamR Radikaa Sarathkumar Dr. Maria RufinaAnu Sheela Themudu Ratnamala Thannimalay Sept.2015|
MIB WAA 2015 EVENT COVERAGE 09Dr.T.Ramanayagam Theraviam Dr.Jaya BooshaneDarshini Sitharam Dr.Prema lathaThe Women Achievers Assemble open the door of woman's mind to realize the enormous potential awaiting in our country. Thetheme “ Appreciating The Incomparable Strength” itself recognizes woman's strength in Make it Happen. MIB take proud inrecognizing the contribution of Malaysian Indian women and congratulate all the WAA Award recipients. We look forward tocontinuously harness the power of women by encouraging and appreciating them. Sept.2015|
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12 MALAYSIA BUSINESS NEWS MALAYSIAN-BASED FIRM MAY START FUNDING BENGALI FILMSMalaysian-based global consultancy firm Orange Corp may soon start funding Bengali movies through the private equity route, theTimes of India reported. Its Mumbai-based wing is starting its film financing journey with a corpus of Rs 100 crore (about RM62million) and will spend it in a few years, its director (projects) Debasish Dutta told the English daily recently.\"We have already startedinvesting in the Indian film industry. Tollywood, too, will be an interesting proposition. We plan to produce two to three films every yearin India,\" the report quoted him as saying. Tollywood refers to the Tollygunge-based Bengali film industry in the city of Kolkata, thecapital of West Bengal, India. MALAYSIAN-BASED FIRM MAY START FUNDING BENGALI FILMS The performance of the banking sector is not badly affected by the slowdown of the country's economy, which was mostly due to external factors, says Malayan Banking Bhd Group (Maybank) President/Chief Executive Officer, Datuk Abdul Farid Alias.He said the sector remained well-capitalised with the total capital ratio at 15.2 per cent currently compared with 14.8 per cent in December 2010.\"The volatility now is seen on the foreign exchange. The ringgit is not the only one that has been affected by this. We should be glad that we are not the(Russian) rouble, which had been down by 40 per cent since September last year while the Brazilian currency had been down by about 35 per cent during the same period. He said there were many external factors that contributed to the slowdown of economy, including the devaluation of the Chinese yuan by about three per cent last week which had an impact on the currencymarket. \"In time like this, people become sensitive. A signal can make them become either greedy or fearful and that is why we couldsee a lot of volatility (of the ringgit) currently,\" he said. Sept.2015|
MALAYSIA BUSINESS NEWS 13PERODUA OFFERS ASSISTANCE FOR FLASH FLOOD VICTIMS Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is offering assistance to all Perodua vehicle owners affected by the recent flash floods in selected areas in the Klang Valley and Selangor. This will be in the form of discounts on selected parts and free inspections to determine the amount of damage done to the vehicles, the carmaker said in a statement. \"Our customers matter most to us and these value added services are provided to help relieve some of the burden our customers have to deal with during this disaster,\" said President and Chief Executive Officer Datuk Aminar Rashid Salleh.Perodua customers are asked to send their Perodua vehicle to the nearest Perodua service outlets. In total, there are 187 Perodua service outlets, nationwide.TUNE HOTEL ADDS TUNE HOTEL LIVERPOOL TO UK STABLETune Hotel will officially open its latest addition in the United Kingdom, the Tune Hotel Liverpool, on Aug 21.In a statement,, it saidTune Hotel Liverpool is located in Castle Street and offers a range of double and twin rooms for the most savvy of travellers. \"TuneHotels' promise is to offer great value rooms with high-quality basics, including excellent beds, powerful showers, a central location,clean environment and 24-hour security,\" Tune Hotel added. Tune Hotel Liverpool is a near to Liverpool's iconic Cavern Club, thebanks of the River Mersey, and a quick 12-minute drive to both the Goodison Park and Anfield stadiums. Tune Hotel Liverpool isopen for booking at £10 until Sept 3, 2015. Since the opening of its first hotel in Downtown Kuala Lumpur in 2007, Tune Hotels haswelcomed seven million guests, and now has more than 100 hotels in operation and under development globally. Sept.2015|
14 MALAYSIA BUSINESS NEWS LGM TO COMMERCIALISE EKOPRENA TYRES IN 2 YEARS The Malaysian Rubber Board (LGM) plans to commercialise its eco-friendly retread tyre, Ekoprena, in two years' time. Its chairman Datuk Ahmad Hamzah said the tyre which uses epoxidised natural rubber would be suitable for vehicles as it has lower rolling resistance that enhances fuel efficiency and improves wet grip for safety.\"The production cost of this tyre, which uses green materials and natural renewable resources, is only about one-third of the synthetic rubber tyres produced using petroleum source. \"At same time, we hope that with the enhanced usage of NR for thisproduct, it would help the smallholders to gain better income in the future,\" he told reporters at the signing of a memorandum of agreement (MoA) between LGM and Prasarana Malaysia Bhd to undertake research on the Ekoprena eco-friendly green retread tyres. BMW UNVEILS NEW BMW 640i GRAN COUPE IN MALAYSIABMW Group Malaysia has unveiled the new BMW 640i Gran Coupe, the latest interpretation of the first four-door coupe in the historyof the brand. Managing Director and Chief Executive Officer Alan Harris said in the automotive world, the BMW Group are specialistswhen it comes to creating premium sports coupes, with its tradition of building luxurious yet performance-based two-door coupes.\"With the new BMW 6 Series Gran Coupe, we were able to build on this expertise to create a very appealing sporty and luxuriousfour-door coupe which sets a new benchmark in an all-new automotive segment,\" he said in a statement. Sept.2015|
MALAYSIA BUSINESS NEWS 15 SYABAS PREPARES FIVE-YEAR MASTER PLAN Syarikat Bekalan Air Selangor (SYABAS) has prepared a five-year master plan (2015-2019) involving capital expenditure of RM4.3 billion. The master plan is in preparation to take over the management of the water industry in Selangor, Kuala Lumpur and Putrajaya by the Selangor government, which is expected in September. SYABAS executive chairman Tan Sri Rozali Ismail said a key component of the plan was to increase the treated water supply capacity by at least 25 per cent (1,600 million litres per day) which required a total expenditure of around RM1.9 billion.\"If the operation and maintenance of water plants administered by Puncak Niaga through SYABAS could be handed over to Pengurusan Air Selangor Sdn Bhd, a subsidiary company under the Selangor government on Sept 13, SYABAS will present and discuss this plan with the Selangor goverment. CONSTRUCTION OF MRT REACHES 65.4 PCT The construction of Mass Rapid Transit (MRT) project has reached 65.4 per cent, said Mass Rapid Transit Corporation Sdn Bhd chief executive officer Datuk Seri Shahril Mokhtar. He said the construction of the line from Sungai Buloh to Jalan Semantan was expected to be completed by the end of next year, while the line from Jalan Semantan to Kajang by July 2017. \"The project is progressing very well. Overall, progress has reached about 65.4 per cent,\" he told reporters during the MRT Aidilfitri celebration here. Shahril said the construction of the tunnel wasalso on track for completion and the underground work had reached 79 per cent, which exceeded the target of74 per cent. The 51-kilometre first phase of the MRT, running from Sungai Buloh to Kajang, will have 31 stations and will benefit 1.2 million commuters. Sept.2015|
16 women’s viewTHERE IS NO FAILURE…ONLY EXPERIENCES As I sat across a dear friend, listening to him talk about the financial crisis he was going through, I noticed how tired and sad he looked. He didn't look too well. With college-going children, and a wife to support, he was laid off from his job. Though a very talented man, he is not courageous enough to have his own dreams and goals. He has enough knowledge and experience but not enough confidence to start his own business. Fear crippled him. He was afraid to fail, even without trying. He felt he had failed; failed his family and himself. Failure is our biggest fear in life. 'Fail' generally means something that didn't turn out as we had hoped or planned. However, there is something beautiful about failure; no matter what we think didn't work out, we never go back to the very beginning of the point where we didn't know anything. When we 'fail', we go back to our most recent point of transformation, the point where we started this portion of our journey. Once we are on a path, we begin to assess our progress and if we don't like the direction, speed, or destination, we call it a failure but it is actually an opportunity to reconsider our plan and make adjustments using the new energy and points of alignment that we gained from making the journey. We need to integrate what we have learned so far, make adjustments as necessary, create a new plan and begin again. But we don't begin at the very beginning itself; we begin again at the place where we stopped. Then we move forward until we need to integrate more energy to be able to continue to move forward. Sept.2015|
women’s view 17The journey takes longer than we plan for, simply because we always want to do everything in the shortest time possible.Let Go Whatever That Don't Support Your GoalsI have failed in business ventures. The first failure was hard to accept but I persevered because I believed in my goals.Taking some time off, I started looking sincerely whether it was worth continuing my business or start anew. I had spenta lot of money and time in it but I must agree that it was purely profit-oriented, nothing to do with my passion to work withpeople. I took out a piece of paper and started jotting down my actual goals in life. Then, with a new goal, I identified allthose that don't support my goal anymore. Slowly, I started to work on letting go those I don't need anymore; startingwith my business – I sold it to someone who was interested. Then, I sat down with a new partner and planned the newventure which has been working well and fine since established. Sept.2015|
18 women’s view Failure is Equivalent to a PauseWe need 'pauses' in our life to consider adjustments in sure we're still focused on our goals, and maybeour path and plan. We have many clues that the plan even go for holidays or just sleep your days off, just toneeds changing along the way, when we aren't happy, make sure we're in top form for the next phase of thewe feel stuck, we can't move forward, things get really journey.hard, or nothing works as we want it to or think it should.Those are not points of failure, they are points for Reclaimed By Naturereconsideration of the plan and the outcome, to ensurethat they're aligned and that we are aligned with them. According to Nature's Law, when something is notWe are creative beings. Nature will continuously throw serving its original purpose anymore, destructionsetbacks at us to keep our creativity alive. takes place to give way to a new creation with a new or a revised purpose.We can't create an outcome that is better than the planand every plan, no matter how well considered, is limited Men's creations get reclaimed by nature (destroyed)to the energy we embody at the time we make it. So when they don't serve their purposes anymore.rather than spend our time criticizing, judging, and Humans are capable of constructing huge buildings,berating ourselves as a failure, we would be better off malls, railway tracks and mansions but once weconsidering the pause as a pit stop on our life's road trip abandon our creations, nature shows who the bossand use the time accordingly: rewriting plans, refreshing is. Like buildings and houses that fall prey to nature,ourselves, unloading what is no longer needed, making businesses too can go down the slump when whatSept.2015|
women’s view 19they serve is no more needed. When the original mission or objective of a company is not there anymore (i.e. moneybeing more important than the quality of products – we can mostly see this in food places and restaurants), the businesswould slowly make losses and eventually shut down.This does not mean that the venture has failed when your business defunct. Nature is just telling you that yourbusiness needs reviewing or it is time for you to do something else in life. So, the best thing is to just flow along andtrust in what surprise Nature has awaiting you. That's why the utmost important thing for a company or business tothrive in the industry is to keep focussing on its goal/mission. Employers must continuously educate and remind theiremployees to work and focus on the company mission.Now, back to my friend. After a long silence, he took out his notebookand starting working or possibilities. He looked at me, confused,“Where do I start?” I said, What does your heart want to do now? Andhe smiled, “I know exactly where to start. I have always wanted to owna travel business. I love travelling and that is all I want do to now.”
THE ANCIENT INDIAN FORMS ofBUSINESS ORGANIZATION Sept.2015|
TODAY I LEARNED 21Trade has played a consistently important part of Indian history. It is, thus, not surprising that Ancient India possessed a variety of different organizational forms to facilitate trade. Along with the family-run business and individually owned business enterprises Ancient India possessed a number of other forms of engaging in business or collective activity,including the gana, pani, puga, vrata, samgha, nigama, and sreni. THE GANA AND THE PUGA AND VRATA TOSAMGHA APPEAR TO REFERES ENTITIES WITHREFER TO POLITICAL MEMBERS THAT OFTEN HAD ECONOMIC MOTIVATIONS, BUT AND RELIGIOUS WERE ALSO RESIDENTS OF AN ENTITIES ENTIRE TOWN OR VILLAGE DEVOTED TO A PROFESSION. NIGAMA AND SRENI THE PANI IS OFTENREFER MOST OFTEN TO INTERPRETED AS REPRESENTING A GROUP OF ECONOMIC MERCHANTS TRAVELING IN A ORGANIZATIONS OF CARAVAN TO TRADE THEIR MERCHANTS, CRAFTSPEOPLE AND ARTISANS, WARES. AND PERHAPS EVEN PARA-MILITARY ENTITIES.Of these the sreni, nigama and pani are the ones most frequently engaged in economic activities. The corporate form (e.g., the sreni)was being used in India from at least 800 B.C., and perhaps even earlier.There is evidence to suggest that traders would oftenorganize into a partnership form for the purposes of engaging in long distance travel and trade over sea and land. Usually thesewould be entered into by two or more people and they would appoint a leader. The entity would be bound by the activity of thepartners and the entity appeared to have the ability to own assets separately from its owners. These two features provide the entitieswith the imprimatur of a contracting entity.There were also fairly detailed rules developed over the years for the division of assets and liabilities. The rules for sharing assetsand liabilities could be determined by agreement or, failing that, by the laws existing at that time that would divide assets andliabilities equally or sometimes by the relative contributions (skill, labor and capital) invested in the entity by members. The latter wasmore common in partnerships amongst craft people.Extracted from The Economic History Of The Corporate Form In Ancient India Sept.2015|
Samsung looks for There's an ongoing competitionhonest people who are by global companies across all areas from products, technology crazy about the development and hiring talentedcompany, people who people to patent disputes. The have only looked to market is big and opportunities Samsung, who have are wide open, so we should finddone a lot to try to get out new businesses that in. Samsung's future will hinge on. Lee Kun-hee is the Chairman of Samsung Group that fueled quarter of South Korea's US$1.5 trillion economy. The richest person in South Korea is the third son Samsung founder Lee Byung-chul, took Samsumg helm in December 1, 1987. Lee instituted a complete change around by bought in foreign employees and shipping out local employees to foster a more international attitude to doing business. The world's largest information technology, Samsung Electronics , Samsung Heavy Industries (the world's second-largest shipbuilder, Samsung Engineering and Samsung C&T (construction companies), and Samsung Techwin (a weapons technology and optoelectronics manufacturer), Samsung Life Insurance (the world's 14th-largest life insurance company), Samsung Everland (operator of Everland Resort, the oldest theme park in South Korea) and Cheil Worldwide ( advertising agency) and other Samsung stable companies produce one fifth of South Korea's export . Sept.2015|
Our leading businesses In the long term, the are constantly being company needs to becomechased by competitors, global and open. Giving while time is running employees more autonomy can lead to loss of control, out for our less- but this will in the long runcompetitive businesses. benefit the company by We have failed to developing talent that can live up to the run the business from a expectation and global perspective. trust of the public. Korea can't become a Samsung takes pride in 'first-class' nation unless the creativity and regulation and 'a sense of diversity of its talented power' disappear. The people and will constantly nation's politics is the fourth-class, bureaucratic strive to create an is the third-class, and environment where they business is the second- have the opportunity to class. grow.Our leading businesses Change are constantly being everything except chased by competitors, your wife andwhile time is running out kids.for our less-competitive We must give a bigger businesses. push for innovations, including in business structure, so that we can lead industry trends. Sept.2015|
24 EXCLUSIVE SMART LOT APPLICATIONS THAT MIGHT CHANGE OUR WAY OF LIFE The great accomplishments of man have resulted from the transmission of ideas and enthusiasm-Thomas J. Watson, chairman and CEO of International Business Machines 1914 to 1956.We are witnessing the dawn of a new era of Internet of Things (IoT) Generally speaking, IoT refers to the networked interconnection of everyday objects, which are often equipped with ubiquitous intelligence. IoT will increase the ubiquity of the Internet by integrating every object for interaction via embedded systems, which leads to a highly distributednetwork of devices communicating with human beings as well as other devices. Thanks to rapid advances in underlyingtechnologies, IoT is opening tremendous opportunities for a large number of novel applications that promise to improve the quality ofour lives. Sept.2015|
EXCLUSIVE 25 Blowing Statistics About The Internet Of Things87% of consumers By 2025, the total global By 2019, companieshaven't heard of the worth of IoT technology will ship 1.9 billion could be as much as $6.2 connected home term trillion,most of that value devices, “The Internet of coming from devices in health care ($2.5 trillion) and A tiny sensor inside pill will Things.” manufacturing ($2.3 trillion). transmit data about when a patient medication history, Only 0.06% of and pairs with a wearablethings that couldbe connected to device to inform family members. the Internet currently Kevin Ashton Father of Internet of Things Visionary technologist Kevin Ashton coined the term Internet of Things (IoT to describe an evolution of the internet wherebywe”empower computers with their won means of gathering information, so they can see, hear and smell the world for themselves, inall its random glory.” Despite losing some traction time has reclaimed and reestablished the IoT where it belongs, as the leadingparadigm to describe the digital transformation of our economies and societies. Sept.2015|
26 EXCLUSIVEThe European Union Digital Single Market (DSM) offers an opportunity to accelerate and to fully develop the transformative potentialof the IoT. Announced in May 2015, DSM offers opportunity to accelerate and fully develop the potential of IoT. The aim of the DigitalSingle Market is to tear down regulatory walls and finally move from 28 national markets to a single one. A fully functional DigitalSingle Market could contribute 415 billion per year to our economy and create hundreds of thousands of new jobs. Thistransformation goes beyond new players and is likely to touch the core activities of established players too. This is an opportunity, butalso a risk for incumbents if they do not adjust fast enough.This is an opportunity, but also a risk for incumbents if they do not adjust fast enough.The IoT offers to merge the physical and the virtual worlds into a new smart environment, with senses, analyses and adapts andwhich makes our lives easier, safer , more efficient and user friendly. The IoT address societal needs and the advancements byenabling technologies, such as :WEARABLES The terms “wearables” all refer to electronic technologies or computers that are incorporated into items of clothing and accessories which can comfortably be worn on the body. These wearable devices can perform many of the same computing tasks as mobile phones and laptop computers; however, in some cases, wearable technology canSony's SmartBand 2, a new version of its original fitness tracker that outperform these hand-heldbrings a much-needed heart rate monitor. devices entirely. Wearable technology tends to be moresophisticated than hand-held technology on the market today because it can provide sensory and scanning features not typicallyseen in mobile and laptop devices, such as biofeedback and tracking of physiological function.Generally, wearable technology will have some form of communications capability and will allow the wearer access to information inreal time. Data-input capabilities are also a feature of such devices, as is local storage. Examples of wearable devices includewatches, glasses, contact lenses, e-textiles and smart fabrics, headbands, beanies and caps, jewelry such as rings, bracelets, andhearing aid-like devices that are designed to look like earrings.Fitness tracking is the biggest application today and this opens the opportunities for watches that are capable of tracking bloodpressure, glucose, temperature , pulse rate and other vital parameters measured every few seconds for a long period of time o beintegrated in new kinds of healthcare applications. Sept.2015|
EXCLUSIVE 27SMART AND CONNECTED HEALTH Smart and connected health (SCH) comprises various technologies aimed to achieve remote monitoring and enable clinical interventions by relying upon digital health information tools such as body sensor networks and smart data analysis techniques. SCH has the potential for enabling preventive care and patient- centered clinical practice by means of various Internet of Things (IoT) technologies, including sensors, computing tools, and networking and communication hardware. Besides, SCH has the potential for empowering$117 Billion Market For Internet of Things In Healthcare By 2020- individuals to manage their own health. Future SCH technologies are expected to MarketResearch.com provide individuals with rich medical information that would replace sporadic,clinic-based measurements with unobtrusive, continuous monitoring, and assessments via wearable sensors. The development ofSCH tools is expected to enable new connected health-based solutions to facilitate the clinical management.SMART HOMES AND BUILDINGSSmart homes use 'home automation' technologiesto provide homeowners with 'intelligent' feedbackand information by monitoring many aspects of ahome. For example, a smart home's refrigeratormay be able to catalogue its contents, suggestmenus, recommend healthy alternatives, andorder replacements as food is used up. A smarthome might even take care of feeding the cat andwatering the plants.Many new homes are being built with the additional \"a Dwelling Incorporating A Communications Network That Connects The Key Electrical Applianceswiring and controls which are required to run And Services, And Allows Them To Be Remotely Controlled, Monitored Or Accessed.”advanced home automation systems. Retro-fitting(adding smart home technologies to an existingproperty) a house to make it a smart home isobviously significantly more costly than adding therequired technologies to a new home due to thecomplications of routing wires and placing sensorsin appropriate places. Sept.2015|
28 EXCLUSIVESMART ENERGY Fossil resources will no longer be the prime source of energy in the future for several reasons, neither nuclear energy a future proof option. Future energy supply needs to be based largely on various renewable resources. Increased focus must be directed to our energy consumption behavior. Future energy grids are characterized by a high number of distributed small and medium sized energy sources and power plants which may be combined virtually ad-hoc to virtual power plants.The Internet of Energy , integrate dynamic network infrastructure based on standard and interoperable communication protocolsthat interconnect the energy network with the Internet allowing units of energy (locally generated, stored, and forwarded) to bedispatched when and where it is needed. The related information/data follows the energy flows, thus implementing the necessaryinformation exchange together with the energy transfer. The Internet of Energy provides an innovative concept for powerdistribution, energy storage, grid monitoring and communication. It will allow units of energy to be transferred when and where it isneeded.SMART ENERGY Imagine a city that made unnecessary for any resident to own a private car with a goal of establishing an on- Sept.2015| demand mobility system that would allow customers to choose among public and private transport providers and assemble the fastest or cheapest way of getting anywhere they need to go at any time. Residents could arrange a personalized travel experience irrespective of location. Wherever they are in the city, they could access a variety of options with their phone: a carshare, an on-demand bus, an automated car, special transport for children, or traditional public transit. Residents could purchase “mobility packages” from private operators that would give them a host of options depending on weather, time of day, and demand. On-demand ride services companies such as Uber , which allow ordinary motorists to use their personal cars to offer prearranged transportation services.
EXCLUSIVE 29 SMART MANUFACTURING Smart Manufacturing transforms traditional factories from cost centers into profit centers that progressive businesses will strategically invest in to increase sales. Smart manufacturing is flexible enough to respond to global consumer demand and bring to life innovations such as the electric-powered car or other game-changers. Flexible factories can be more quickly reprogrammed to provide faster time to market today and the next generation of mass customization. Smart manufacturing marries information, technology and human ingenuity to bring about a rapid revolution in the development and application of manufacturing intelligence to every aspect of business. It will fundamentally change how products are invented, manufactured, shipped and sold. It willimprove worker safety and protect the environment by making zero emissions, zero-incident manufacturing possible. It will alsoenable an interconnected, efficient global industrial ecosystem. SMART CITIES The concept of “smart cities” has attracted considerable attention in the context of urban development policies. The Internet and broadband network technologies as enablers of e- services become more and more important for urban development, while cities are increasingly assuming a critical role as drivers of innovation in areas such as health, inclusion, environment and business. A smart city uses digital technologies or information and communication technologies(ICT) to enhance quality and performance of urban services, to reduce costs and resource consumption, and to engage moreeffectively and actively with its citizens.In the long term smart cities vision, systems and structures will monitor their own conditions and carry out self-repair, as needed. Thephysical environment, air , water and surrounding green spaces will be monitored in non-obtrusive ways for optimal quality, thuscreating an enhanced living and working environment that is clean, efficient, and secure. Sept.2015|
WAA - FAME AWARD RecIpient R.RADIKAA SARATHKUMARA Versatile Personality and Woman of Substance W MEN ACHIEVERS ASSEMBLY 2015
32 ENTERPRENUERR. Radikaa Sarathkumar has been an Executive Chairperson and Managing Director of Radaan Mediaworks India Limited since September 28, 2006 and serves as its Creative Head. Mrs. Radikaa has an impressive background of more than 25 years relevant industrial experience. Radaan Mediaworks, which has producedthe successful serials Chithi, Annamalai Selvi, Arasi, Idi Katha Kadu(Telugu) and currently she is acting a new serialVaani Rani in Sun TV. She made Radaan a listed Company in the public domain and heads a big creative team in herlatest Radaan’s web TV with four different channels on Youtube. All Radaan serials are chartbusters in Youtube. She isalso into the movie production big way with the banner name Magic frames. As the creative force behind Radaanssuccess, Radikaa believes in a hands-on approach to the day-to-day creative direction. Given her wealth ofexperience, today, Radaan has produced numerous award winning television showsA visionary at heart, she decided to initiate the inception of a Television Production House in the middle of the ninetiesand her dream production house “ Radaan “ was born. She created historical records by appearing and making hertelevision soaps “Idhi Kadha Kadhu” and “Chithi” becoming the household names that time. Chithi's first episode wasaired on Sun TV on December 1999. Till today she maintains 9.30 time slot band exclusively for her and as well to hercompany Radaan. It is a national record of an indian actress appearing at a particular time band with continuous serialsone after the other. At her 18th year of a mega serial era, she is winning the hearts of every Tamil household in Indiawith the latest “Vaani Rani” a double action treat of hers. She has also penned and directed stories for television andone of the such applauded project is “Siragugal” a telefilm shot out of London. Her company Radaan has produced avariety of serials in Tamil, Telugu, Malayalam, Kannada, Hindi, Gujarati and Sinhalese. The Star Nights, MusicalConcerts and the path breaking non-fiction shows are all added productions under her able leadership. Sept.2015|
ENTERPRENUER 33Born to a legendary Tamil film actor and comedian Nadigavel M.R.Radha (Mohan Rajagopala Radhakrishnan Naidu)and having educated in India, Srilanka and London she never dreamt of entering into the Film Industry till the day thetrendsetting Tamil film director Bharathiraja knocked at her doors for his film “Kizhake Pogum Rayil”. At her mother'sencouragement she decided to try out just one film. When the first movie was released she instantly reached the greatheights and was critically well acclaimed as Nadigavel M.R.Radha's legacy being continued by her.Then no Turning Back! Acting became her breath as she acted in Tamil, Telugu, Malayalam, Kannada and Hindi inabout 300 films. She has acted with veteran actors Shivaji Ganesan, Kamalhasan, Rajinikanth, Prabhu, Sathyaraj andSarathkumar in Tamil. In Telugu, She has acted with legendary actors N.T.Ramarao, Nageshwar Rao, Krishna,Shonban Babu and Chirajeevi. Out of her 150 films in Telugu, she has paired with Chrianjeevi alone in 24 films. She toohas acted with top most heroes like Amitabh Bachan, Prem Nazir, Mamooty, Mohanlal and Vishnu Vardhan.Radikaa produced her first feature film “Meendum oru Kadhal Kadhai” that went on to receive the National Award withGold Medal for the best producer and debutant director for the year 1984. Apart from that she won innumerable awardstill today for acting and production. She has been crowned with six Film fare awards, one Life Time Achievement Awardby Filmfare, Ten Cinema express awards, Four Tamil Nadu State Awards, Two Andhra state awards and TwoMalaysian Film association awards. “Indra Priyadarshini Award” for her outstanding achievement and contribution tothe society on the eve of International Women's day is yet another feather on her cap. She was conferred WAA Fame Award at Women Achievers Assembly jointly organized by the Malaysian Innovative Business Club and Malaysian Indian Business Magazine. The WAA Fame Award was established to recognize Woman from Asia Pacific that contributed significantly to the development of an Industry.Radaan Mediaworks is one of a company that has emerged as one of the most successful media entertainment inIndia. Indeed, it is the leading production house in South India and among the top five in the country. India the secondlargest entertainment market in the world has over 8000 television production houses covering 30 languages. Morethan 500 daily and over 200 weekly television programmes are telecast. Despite highly fragmented audience and lowratio of success Radaan under the able leadership of Radikaa, Radaan has completed more than 10 years ofassociation with the number one channel in South India - SUN TV Network. It has moved beyond the shores of Indiaand established presence in Sri Lanka and has staged events in Malaysia, Singapore & UK.The Icon of Indian cinema, a top class actress, an incredibly successful entrepreneur R.Radikaa Sarathkumar isindeed a versatile person and woman of substance. Sept.2015|
LANGUAGEAFFECTS RESULTSWe use words and language “ Language and word “ every day, in just about choice form a manager's everything we engage in. We primary tool. Useduse language to communicate with others, wisely, sound guidanceto engage in business, to sell, to negotiate, can grow from the seedsto solve problems, to express our creativity, of aligned words. Usedand for numerous other activities. poorly and all you get are weedsOften, languaging works in magical ways.Sometimes a single word can set off an Michael Lissack and Johan Roos,argument, break loyal bonds or offend The Next Common Sense.friends and coworkers and businesspartners. Sometimes a word can turn aperson around, create a new sense ofbeing. Sept.2015|
LIFESTYLE 35 LANGUAGE AFFECTS RESULTSThe words we use are so important. Your words are your life.Words are wonderful when used in a proper way. They canencourage and give confidence to the listener. A right wordspoken at the right time can actually be life-changing.Example: For instance, when you tell a group of people to “Try to be When you get up in the morning, and if there is here by 7.30 am tomorrow” instead of telling them, “You must something you need to attend to that day that you're not be here by 7.30 am tomorrow” the number of people turning up looking forward to, you can say, “I dread this day,” or on time is likely to reduce. When you use the word “try”, most you can say, “I will have the strength and confidence people won't process the language and store it away in their today to do whatever I need to do and to do it with brain with enough of a priority to understand they must be there joy.” Which of these two statements do you think would for 7.30 am. better prepare you for the day? GET SPECIFICAlways make sure you understand exactly what people mean when they use words. For instance, if somebody says a team memberis 'unreliable', you won't know exactly what that means unless you know exactly what 'unreliable' means to the person who said it, inthat context. You may apply very different criteria for labelling someone as 'reliable' compared to them. The solution is quite simply toask! For instance: “What causes you to say they are unreliable” or “In what ways do you find them unreliable?”Social psychologist Ellen Langer tested the power of a single word in 'Xerox Mindfulness Experiment' where she asked a volunteerto cut in line at a copy machine. She tried three different ways of asking: 1. “Excuse me, I have five pages. May I use the Xerox machine?” – 60% said OK 2. “Excuse me, I have five pages. May I use the Xerox machine because I'm in a rush?” – 94% said OK 3. “Excuse me, I have five pages. May I use the Xerox machine because I have to make some copies?” – 93% said OKThe trigger word “because” was all she needed. The takeaway: When you want people to take action, always give a reason. Bespecific with the content. Who is motivated “AWAY FROM”, and who is motivated “TOWARDS”? How to know who is motivated bywhat language?There are two basic desires that spark motivation: 'moving towards' something desirable, and 'moving away' from something notdesirable. Another way to look at motivation is the old analogy of the carrot and the stick. Listen carefully to see whether people aretalking about getting 'away from' something that isn't working well for them, or are going 'towards' the best outcome they are lookingfor. If you echo their style of language, you will get much better results.Example: One person may want to book a holiday to 'get away' (moving away) from stress at work; another may want to 'go to enjoy' (moving towards) a new experience. Another classic example used to illustrate towards and away from motivation is smoking. For the 'towards' motivated person they quit because they want the health benefits and lifestyle of a non-smoker.For the 'away' from motivated person they are worried about the health consequences of smoking and so stop out of fear. Sept.2015|
36 LIFESTYLE FOCUS ON HOW YOU CAN, NOT WHY YOU CAN'T!Start your question with, “who,” “what,” “where,” “when,” “how,” or “why” are likely to get great responses. To be avoided are “would,”“should,” “is,” “are,” and “do you think,” as they can limit how people respond to you a lot. “CAN'T” IS USUALLY “WON'T”I'm completely convinced that a key element of personal and business success is the ability to differentiate correctly between \"Ican't\" and \"I won't.\"Here's a basic example: \"I can't do this job.\" This means you currently lack the skills to accomplish this task. \"I won't do this job.\" This means you've decided not to accomplish this task, even though you could if you wanted to.Though that distinction seems pretty clear, unmotivated people often say \"I can't\" when they mean \"I won't\". The best solutions comewhen we focus on how we can do something instead of why we can't. If we allow our brain the chance to take part in our success, byasking ourselves the right questions, in the right mindset, then amazing ideas can begin to flow.As a rule, when somebody \"can't\" do something, it's because he or she lacks the skill to do it; when somebody \"won't\" do something,it's because he or she lacks the will to do it. “YET!” IS A TINY BUT POWERFUL WORDAccording to Stanford University psychologist Carol Dweck (https://youtu.be/aQ0VQjKU8og):- by simply adding the word “yet” to thestatements you make about yourself may be enough to change your beliefs about yourself and your abilities. If things aren't workingout, simply adding 'yet' to the end of a sentence can transform your mindset.For instance, consider the impact of “I'm not getting a customer to say yes to me”, versus '”I'm not getting any customers to say yes tome yet”. The “yet” tells your brain “you will one day”, so it keeps looking for a solution and hope is not lost. STOP WANTING AND HAVE IT!Ask yourself, what are the emotions that you associate with the things you “Want”? If it is a feeling of not having, or one of lack, thenthe universe can only respond with the actual manifestation of “lack” and not having. Wanting is a not having vibration, so what youvibrate, you attract. The state of wanting will forever keep you not having.Exercise: You can use to make the leap from “Wanting” into “Having” Find a comfortable place. Close your eyes and relax your body 2. Once relaxed, bring to mind something that you already have that was once a goal. Perhaps you once wanted a home, a car or some other material gain. Perhaps it was your college degree or career. 3. Notice the feeling inside. Notice how it feels now that you actually have the goal. Is there any effort? No. Does it remain forever lost in some hazy distant future as something that you someday \"hope\" to have? No! Of course not. Because you already have it. It is yours right now. There is No Effort and No Time needed to achieve it, because it's yours. This is precisely the consciousness of having that you must assume to have any goal. That is the only way you ever achieved any goal. Okay? So take note of that feeling of having. Sept.2015|
LIFESTYLE 374. Now think of a goal you have been wanting very much. Allow yourself to feel how much you want it.5. Now picture yourself, as if in a movie, achieving that goal. Keep it in the third person where you don't quite feel that you have the goal, but rather the \"movie character\" version of you has it.6. Notice the feeling of desire and effort is still there. You still want it. It still feels like it is \"out there\" as you think \"of it.\"7. Now, begin releasing the clutch, the wanting, the underlying wanting approval, control and security, more and more.8. And finally, make an inner shift of consciousness where you... DARE to ASSUME that it is yours RIGHT NOW. That's right. It is no longer \"out there\" as if in a movie or in the future. You are it now. With such an assumption, you've mentally collapsed time and space. You've dropped all effort. The goal is no longer in some distant future. It is yours RIGHT NOW. See, hear and feel the gratitude of having it, knowing it is yours now. Feel the ease and happiness. It is yours at last. Get a sense of that. It may feel like, \"Ahhhh... thank you!\" Notice the natural release that comes when you move from thinking of the goal into thinking from the feeling of already having the goal.9. Feel it is yours now? Congratulations! You made the leap - the \"gap\" between wanting and having.10. Take a deep breath and open your eyes.“People may not remember “ THEVI SINNADURAI exactly what you did or what you said, but they will always Practitioner in Clinical Hypnosis, remember how you made Practitioner in Cognitive Behaviour them feel. Hypnotherapy, NS-NLP Master Practitioner, Maya Angelou Law Of Attraction Trainer, Emotional Freedom Technique Practitioner (EFT) email: [email protected] Sept.2015|
38 FACTS & FIGURE200 By 2020, 200 billion physical objects that are somehow connected to the web and therefore transmit and exchange data. That includes your new Apple watch, yourBillion Objects home security system that you can control from your phone, and even your smart yoga mat.US$490 Connected homes will be the largest sector for the Internet of Things (IoT) Billion technologies for a while; by 2019 it's estimated to be a $490 billion market.200 There are approximately 200 connectable things per person in the world today. ThingsUS$14.2 Industrial Internet of Things could contribute US$14.2 trillion to world output by 2030. Trillion Sept.2015|
FACTS & FIGURE 3938% 38% of businessmen believe IoT will have a major impact on their business over next Business three years.20.07% The global retail IoT market is expected to grow from USD 14.28 Billion in 2015 to USD 35.64 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 20.07%250 By 2020, approximately 250millions connected vehicles will be on the road, enabling new in-vehicle services and automated driving capabilities. During the next five Million Cars years, the proportion of new vehicles equipped with this capability will increase dramatically, making connected cars a major element of the Internet of Things (IoT).15% The connected kitchen has received less attention and drawn less focus along the Food Saving IoT value chain compared to other IoT use cases and digital business opportunities. However, the connected kitchen will deliver significant benefits. By 2020, the connected kitchen will contribute at least 15 percent savings in the food and beverage industry, while leveraging big data analytics.500 Use of IoT systems could enable societal benefits worth more than $500 billion per year, based on the improved health of users and reduced cost of care for patients withBilliion Societal chronic diseases. Benefits600 the 600 largest cities in the world are expected to generate 65 percent of global GDP growth through 2025—the impact of IoT technologies can be substantial.Largest Cities Sept.2015|
40 LEADERSHIPVEDANTIC MANAGEMENT:LEADERSHIP LESSONS from the Bhagavad-GitaPart 13 - MajestyTime perfects all living thingsKautilya ANCHORING | CULTIVATION | MAJESTY Sept.2015|
LEADERSHIP 41Welcome to this September edition of the Malaysian Indian Business Magazine, which features the culmination of the lessons from the ancient art of “leader-making. “How does time perfect beings?Kautilya is absolutely correct in saying time perfects us all. This is simply because time relates to the accrual of patience and experience. In business,while acting quickly is an asset, patience is what reveals real opportunities. Patience fosters improved observation skills, crucial to life and business.That is why as Fred Brooks put it in his 1975 book The Mythical Man-Month, “nine women can't make a baby in one month”.In the Bhagavad-Gita, Krishna reveals the significance of time by associating his own powers with it:“kālo 'smi loka-kṣaya-kṛt pravṛddho lokān samāhartum iha pravṛttaḥ ṛte 'pi tvāṁ na bhaviṣyanti sarve ye 'vasthitāḥ pratyanīkeṣu yodhāḥ I am like Time itself; a recycler of all things, That is how I engage people. I deem all the warriors here, save you and your brothers, slain. Bhagavad-Gita 11:32Deference to time is important, but patience does not mean inaction. Patience is intended to facilitate the obtaining of experience; a learning tool.That is the definitive feature of learning the final stage of this ancient leader-making lessons. The inculcation of patience leads to majesty; theperfection of the being. It is an axiom of modern business that leadership is a state of mind and not merely an office. That's partly true but partlyinaccurate. Sometimes people are called to be leaders who simply do not think they have the necessary abilities. Arjuna is one such person.Nevertheless, the office of leadership demands that he rise to the occasion.Even if Arjuna was not ready, he did not realize that time had brought him to this moment. As a result of the passage of time, he found himself at acrucial turning point. Not whether to kill or be killed, but whether to do what was necessary.This is what Krishna describes as prescribed duty when he says 'Prescribed duties cannot be abandoned.' He then describes the perfect work asbeing covered by fault. Krishna encourage working, even thought it is replete with mistakes. We may continuously find error in our work, but it isnecessary to go on; that's the secret of good leaders: “ saha-jaṁ karma kaunteya sa-doṣam api na tyajet sarvārambhā hi doṣeṇa dhūmenāgnir ivāvṛtāḥ All your work is tainted by some error like smoke taints the pureness of fire. One cannot give up work simply because it contains errors. Bhagavad-Gita 18:48The hidden meaning of the verses in Chapter 18 refers to perseverance in the face of misgivings, errors and even certain defeat. This is because truemajesty comes from steadfastness, patience, courage and a desire to improve. All leaders must cultivate these values in order to reach their fullcapabilities. ANAND NAIDUWe hope you've enjoyed these serialised articles. Anand is a Malaysian-born barrister andStarting next issue, we will talk more broadly of Oriental lecturer based in Melbourne. Andy lectures inphilosophies and their value for modern business. law, marketing and advertising at Deakin University and Kent Institute in Melbourne. E: [email protected] M: +61425 627 116 Sept.2015|
42 INFOGRAPHIC HEALTH Internet of Things (IoT) can tell if the condition of patients living at home has worsened and communicate that at once to their health care teams. These devices will eventually help doctors and nurses to monitor more patients both at home and in hospital beds. PROCUREMENT When, smart machine isn't working properly, it will notify you. Similarly, when a printer is running low on ink or material (3D), it will order more on it's own, saving time going through the usual red tape process.EIGHT WAYS THE INTERNET OF THINGS WILL CHANGE BUSINESS SUPPLY CHAIN Businesses will be able to trace goods in the supply chain with internet connect inventory that can display exact locations at all times. Business may able to provide exact time of delivery. CONSTRUCTION Homes can now boast smart thermostats and smart meters so you don't waste any energy, and you can even choose to have a smart toilet installed if you so wish, which will be able to detect if you have cancer or just let you know if you need to change your eating habits. New home will be built with health warming devices including setting home temperature and remind your appointments . Sept.2015|
INFOGRAPHIC 43MANUFACTURING Internet of Things will enable manufacturers to reduce errors, increase flexibility and, ultimately, bring products to market quicker. This should increase competition as manufacturers will be able to develop, make and distribute products more quickly.MARKETING Imagine Tom Cruise , or Amy Jackson or any of your favourite celebrities suddenly greet you while passing through a jeans boutique at a famous shopping complex. Marketers would need to embrace the Internet of Things to track their target audience in this way, and some people will welcome this evolution for the convenience it offers them. However, this opens up new challenges around data protection and user privacy, which were only just scraping the surface of.EIGHT WAYS THE INTERNET OF THINGS WILL CHANGE BUSINESSTRANSPORTATION No more traffic jams. As more connected cars make their way to the road the possibilities for traffic management also increase. Two-way communications with automobiles suddenly make smart traffic systems possible to manage traffic flow as the connected car will be able to alleviate traffic congestion.MANAGEMENT More connected devices means more data and analytics on all aspects of the business to improve strategy and the customer experience. Business owners will now have ample of data from manufacturing, sales, energy, supply chain and the health of their employees. Sept.2015|
44 INDIA BUSINESS NEWS MOOD IN INDIA CHANGES AS NARENDRA MODI'S SHINE FADESThis time last year, Narendra Modi seized the attention of his audience with a rhetorical tour de force in his first independence day speech, promisingtoilets and bank accounts for all and urging manufacturers to “make in India” rather than China. Twelve months on, the country's mood has changed,and so has Mr Modi's. India's prime minister no longer enjoys the uncritical support of the investors who welcomed his landslide election triumph 15months ago. The annual address, delivered on Saturday from the walls of Delhi's Red Fort, was partly a defensive assessment of his record so far.“We had an emperor on the 27th of May 2014,” the industrialist Rahul Bajaj said in a weekend television interview, referring to the date after Mr Modi'slavish inauguration. “I am not anti this government. But the fact does remain, the shine seems to be wearing off.”[FT] BIRLA CORP ACQUIRED LAFARGE INDIA'S EASTERN ASSETS FOR RS 5000 CRORE Beating several global giants and bulge bracket private equity suitors, Birla CorporationBSE 14.66 % on Monday announced that it has agreed to acquire two cement units of Lafarge India that the French major is being forced to sell to conclude its mega global merger with Holcim Ltd. These two assets in eastern India -- Jojobera in Jharkhand and Sonadih in Chattisgargh - are being sold through a slump sale for an enterprise value of Rs 5000 crore. The transaction would be funded through existing cash reserves and incremental debt, and is subject to approval of Competition Commission of India and other relevant regulatory approvals. Under this transaction, Birla Corpwill acquire an integrated cement unit at Sonadih, a cement grinding unit at Jojobera in Jharkhand, along with Concreto and PSC brands along withthe management team. The plants have a total cement capacity of 5.15 million tonnes per annum (mtpa), with mineral rights over adequate reservesof limestone. [ET] Sept.2015|
INDIA BUSINESS NEWS 45HOUSING.COM ACQUIRES HOME BUY 360 To rapidly expand its portfolio and reach, property portal HousingFOR $2 MILLION has acquired HomeBuy360, a cloud-based sales lifecycle management platform that connects developers, agents and buyers, for USD 2 million. This is the third acquisition made by the firm in 2015. \"Developers are key stakeholders to drive efficiency in the Indian real estate sector. The acquisition of HB360 is very strategic as Our vision is that every developer uses the platform to bring down their sales and operating costs. This will help in reduction of property prices eventually benefiting the consumers,\" Housing.Com iCEO and COO Rishabh Gupta said. With this acquisition, Housing.Com is now the only online real estate listing platform to own a developer CRM company.[Zeenews]To protect the interest of domestic workers, thegovernment is readying a national policy that proposes aminimum salary of Rs 9,000 per month for the skilled full-time household helps, along with a host of benefitsincluding social security cover and mandatoryleaves.The draft 'National Policy for Domestic Workers',which would be soon moved for approval of the UnionCabinet, also calls for provisions against sexualharassment and bonded labour and recommendscompulsory paid leave of 15 days a year as also thematernity leave.Besides, the Policy provides that thedomestic workers be given a right to pursue education, a GOVT PROPOSES RS 9,000 MINIMUM PAY,safe working environment and a grievance redressal MANDATORY LEAVESmechanism. It also has a provision for mandatorycontribution from the employer towards social security ofthe domestic workers.Workers and employers will also have rights to form groups and engage with each other for 'collective bargaining'. A draft notein this regard, prepared by the Director General Labour Welfare (DGLW), was submitted to Labour Minister Bandaru Dattatreya last week. [Zeenews]After investing in companies like Snapdeal and Ola, RATAN TATA INVESTS IN YOURSTORY.COMTata Sons chairman emeritus Ratan Tata has now WITH OTHERSinvested in the online company for entrepreneursstories, Yourstory.com, for an undisclosed amount. Sept.2015|YourStory provides storytelling platform forentrepreneurs, innovators and change makers since2008. Since then it has published over 20,000 stories ofentrepreneurs. The company on Monday announcedits Series A funding led by Kalaari Capital, withparticipation from Qualcomm Ventures, T V MohandasPai and Ratan Tata. Over the last two years, Tata hasinvested in over 10 start-ups in his personal capacity toencourage the start-up ecosystem, including onlinemarketplace Snapdeal, online furniture retailer UrbanLadder and most recently, taxi aggregator Ola, amongothers.[FinancialExpress]
46 EMERGING MARKETDOING BUSINESS IN MOROCCOFAST FACTS Kingdom of Morocco Rabat OFFICIAL NAME CAPITAL Casablanca 33.85 million (mid 2014) ECONOMIC CAPITAL TOTAL POPULATIONS BANKING HOURS Weekdays (Mon-Fri) 8.15am to 3.45pm. 9am to 2pm in Ramadan and hotter times of year CURRENCY BANK NOTE DENOMINATIONS Moroccan dirham (MAD or Dh) 20dh, 50dh, 100dh and 200dh COIN DENOMINATIONS Santim 5c, 10c, 20c, 50c, 1dh, 2dh, and 10dh OFFICIAL LANGUAGE Arabic (official); Berber dialects (mainly at southern region); French INCOME CATEGORYWORLD BANK DOING BUSINESS Lower middle income 71 (2015)
EMERGING MARKET 47TRADE Major Exports Partner Major Imports Major Imports Partner Major Exports France 20.9%, crude petroleum, textile Spain 14%, France Spain 19.9%, Brazil fabric, 12.7%, China 7.1%, US clothing and textiles, automobiles, electric 5.8%, US 4% telecommunications 6.9%, Saudi Arabia components, inorganic (2013) equipment, wheat, gas 6.5%, Italy 5.3%, chemicals, transistors, crude minerals, fertilizers (including and electricity, Germany 4.7%, Russia phosphates), petroleum transistors, plastics 4.5% (2013) products, citrus fruits, vegetables, fishWhite is the color of mourning in Morocco. A Moroccan widow Morocco has capitalized on its proximity to Europe and relatively low labor costs to build a diverse, open, market- wears white for 40 days after the death of her husband oriented economy. Since taking the throne in 1999, King MOHAMMED VI has presided over a stable economy marked by steady growth, low inflation, and gradually falling unemployment, although poor harvests and economic difficulties in Europe contributed to an economic slowdown. Industrial development strategies and infrastructure improvements - most visibly illustrated by a new port and free trade zone near Tangier - are improving Morocco's competitiveness.- The World Factbook. WHY DO BUSINESS WITH MOROCCO?Morocco has the following strength: I. Good communication network and global transport connections ii. Open skies agreement with the European Union (EU) and low cost flights from Europe iii. Strong banking and finance sector iv. Advanced status' with the EU since 2008 v. Competitive labour costs vi. Tax incentives, no restrictions to capital and ease of repatriation for profits and dividends vii. Morocco was ranked fairly high in the World Bank 2015 Doing Business Report viii. Morocco is ranked amongst the most open countries in the region, 3 rd in Africa. Sept.2015|
48 EMERGING MARKETINTERESTING FACTS ABOUT MOROCCO OPPORTUNITIESI. The Casablanca Stock Exchange is the second largest in 1. TOURISM Africa. No one would like to miss out on such a culturally rich andii. Morocco has a dual legal system consisting of secular environmentally friendly country. Morocco is a hot tourist destination for courts based on French legal tradition, and courts based many people from every corner of the globe. The government has made on Jewish and Islamic traditions a conscious effort to make tourism the number one industry in the country. The 2020 Vision, has set a goal of doubling the size of theiii. Morocco is one of the world's largest exporters of tourism sector, hoisting and Morocco among top 20 tourist destinations Phosphate, and a major international source of the same in the world. Eight new destinations will arise in the context of Vision mineral and wheat. 2020, add 200 000 new beds and increase tourism GDP from US$6 billion in 2010 to US$17 billion in 2020. Sustainable development isiv. A young and active population with 64% of population indeed a major focus of the Vision 2020. The Moroccan tourism takes aged under 34 into account the preservation of natural resources, the maintenance of socio-cultural authenticity of the regions and the development andv. Only 14km south of Europe, Morocco is a competitive wellbeing of local people. Of \"eco territories\" will emerge: it will be true of platform for export Morocco showcases sustainable development.vi. Morocco ranks first in North Africa in terms of infrastructure quality and 3rd in Africavii. Mohammed V Airport in Casablanca: best airport in North Africa in 2012 2. INFORMATION COMMUNICATION AND TECHNOLOGY (ICT) Information Communication and Technology (ICT) usage is essential for the emergence of the knowledge society that actively contributes to human development, improvement of social cohesion and national economy growth. The challenge for Morocco in the ICT sector for years to come is not only to sustain the progress already made, but also to allow the insertion of Morocco in the global knowledge economy, through amplified and widely distributed integration of ICT across all actors of society: government, governments, businesses and citizens. 3. LOGISTIC The Government of Morocco has embarked on major infrastructure modernization and extension programmes aimed at providing a quality transport system to improve the mobility of persons and goods on the national territory and contribute to strengthening the logistic competitiveness of the national economy. In order to meet the challenge of competitiveness, the Government has adopted the logistic services upgrading strategy covering the 2012-2016 period, to giveSept.2015|
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