Education is the foundation of development. This fact has not been refuted once throughout the world’s history: from the Pharaonic civilization to the Mayan surreptitious culture, and from the British colonies to the American empire. The story replicates itself over and over again. Any civilization commences as a group of people who can barely feed themselves through primitive ways, and then through accumulative knowledge, they identify new ways to prosper and grow.
The Sub-Saharan African continent is no exception. Countries like Mali are still trapped back by its ignorance-evidenced by the relatively low literacy rates (only 26% literate) – from the rest of the civilized world. Despite the abundance of natural resources that these African countries hide beneath their grounds, they have failed to match developed countries like Japan which is bestowed a small area of non-arable land and some fish! The basic principles of economics are exemplified in this case: raw materials and land remain inanimate, non-valuable objects without the co-existence of labor and capital. Continue reading →
Ghandinian Innovation or Frugal Innovation guru R.A. Mashelkar presents a talk on TED on three ultra-low-cost designs from India that brought high-end products to the availability of the masses. Society is in dire need of such business development practices. This “convex lens leadership” vision could be implemented on a global scale if labor costs are kept low and the work environment is modernized and promotes ingenuity.
Happy Birthday!!! The video game is 50 years-old, and according to DFC Intelligence , in 2015 the industry is estimated to be valued at around $70.1 billion. The industry already surpasses Hollywood and its audience keeps increasing . Almost everyone tends to play, or has been affected by, video games; and is popular in both genders (males: 58%, female: 42%) and ages . The last Call of Duty by Activision Blizzard, a real blockbuster game, grossed $1 billion faster than Avatar! Released November 8, 2011, it achieved it in only 16 days whereas Avatar reached the symbolic number in…17 days . Continue reading →
Tata Nano, the cheapest car in the world, was supposed to take the world by storm but it has not lived up to the expectations because of a plethora of reasons. In this article, I would try to conduct an autopsy to unearth the reasons behind the failure and possible solutions. Continue reading →
In a world where green technology is becoming the norm, many companies are looking for innovative solutions that align with this trend. Carlos Ghosn, CEO of Nissan Motors and Renault, made a bold move by introducing the first ever mass-produced emission-free car, the Nissan Leaf. I believe that this all-electric vehicle has great potential worldwide, particularly in the growing BRIC markets, where there is a growing concern over fuel prices. Continue reading →
When the 3D television was launched it was estimated to be a huge success. This was mostly attributed to the great success of the 3D movies in the cinemas; but for the home TV watching audience it was not the case. There are many companies in the market selling 3D television’s such as Panasonic, Samsung and LG, but one of the first ones to launch the 3D TVs, and one of the more “successful” companies selling them, was Sony with a 43.3% market share in the 4th quarter of 2010. Continue reading →
This is exactly the question millions are asking after analysing the product and the new advertisement. Apple’s product launches have always been eagerly anticipated but this one produced more frustration than amazement. The new phone carries a dual core A5 chip capable of 7 times faster graphics than A4, a new voice recognition system “Siri”, icloud and an improved camera with improved video capabilities. Although it lacks the “Wow” factor that one normally associates with Apple products but from the marketing and branding point of view, it has enough changes to carry the new brand iPhone 5. Continue reading →