Management students are taught about optimization and maximization as two closely-linked-yet-differing approaches to the ultimate aim of profit-making in business. Optimization, teachers tell them, is the process of finding the best-possible alternative under the given constraints by maximizing the utilization of helpful factors and minimizing the usage of unhelpful factors. In other words, be effectiveContinue reading “Optimization Vs. Maximization”
Author Archives: nowhereperspectives
Assimilation – the Grinding Power of Knowledge
There are many factors like goal-setting, determination, passion, hard work, perseverance, discipline, attitude of positivity, receptiveness, etc. that form the ingredients of success. Nonetheless, even when one has all these ingredients, there are chances that one does not succeed in proportion to the success ingredients one puts into work. To put it in a differentContinue reading “Assimilation – the Grinding Power of Knowledge”
Land of the Honorable People
Many of you would not have heard of a country called Burkina Faso. I never heard of Burkina Faso till a couple of months preceding my maiden visit to the country in March 2005. Burkina Faso is a land-locked West African country having borders with Ghana, Mali, Niger, Togo, Ivory Coast and Benin. If youContinue reading “Land of the Honorable People”
The Land of Gold
Rwanda is probably a stumbling block before me to say that Ghana is the best country in sub-Saharan Africa. Ghana is adjudged high on governance, peaceful society, independent judiciary and political freedom — hallmarks of democracy. This Anglophone country has a presidential form of governance, and the presidential election in 2008 saw the winner, JohnContinue reading “The Land of Gold”
The Bridges that You Need to Build in Life
The English language lexicon has 1 million words, and of which, 273,000 are headwords. Hence, as a rule of thumb, we can say that 136,500 headwords are the antonyms of the rest. You can get, for example, courage as an antonym of fear. Similarly, hope has despair, it is laziness for hard work and soContinue reading “The Bridges that You Need to Build in Life”
How do ideas sprout in a man?
“Necessity is the mother of invention,” an English-language proverb and the quote: “Observation: the true mother of invention,” by Jennifer Derome are the underlying themes of this blog. For the last few days, my mind, barring professional routines, was seemingly empty. I looked inside for something to contemplate, but nothing could I find. I feltContinue reading “How do ideas sprout in a man?”
Chile
Esperanza is a Spanish word that means hope. I heard this word for the first time when Ariel Ticona sent a message to his wife, Elizabeth Segovia, through a fiber optic video link from 2300 ft underneath, telling her to give their new born baby the name: Esperanza. Who is Ariel Ticona? He was oneContinue reading “Chile”
Personality – The Rainbow of Life
I saw a rainbow yesterday. It was beautiful, curving from one side of the landmass to another over the skies of the Cochin backwaters. As you may know, rainbow is formed when light bends — refracts — due to reduction in speed as it enters water droplets in the atmospheric air, followed by another bendingContinue reading “Personality – The Rainbow of Life”
The Land of Maradona
The first time I ever heard of Argentina was in 1986 during the Football World Cup, and I fell in love with Argentina right away, thanks to the great Diego Armando Maradona. It was always a dream to be in the land of Maradona, and that dream came true in April 2007 when an opportunityContinue reading “The Land of Maradona”
Kiev
Ukraine was the breadbasket of the erstwhile U.S.S.R., similar to what Zimbabwe used to be for Southern Africa. Robert Mugabe gleefully destroyed the agrarian economy of Zimbabwe by grabbing farms owned by the white farmers. Unlike Zimbabwe, Ukraine continues to maintain that status although renamed as “Breadbasket of Europe.” It is one of the leadingContinue reading “Kiev”
Fringe Elements of Success
Success is a constant and a being that is independent of whoever follows it. But it goes with anyone who reaches to it. Some take longer time to reach success, some people reach to it quicker than others while a few never reach there. Before proceeding further, let me define success as something which oneContinue reading “Fringe Elements of Success”
Morality versus Technicality
Morality is a compulsion while technicality is an intention. Morality demands, but technicality offers. Morality is the compulsion of and demand by truth while technicality is the room-to-maneuver offered by questionable and convenient interpretation of laws governing truth. Morality is the righteous path clearly marked by truth, which is straight-tracked and unidirectional. Technicality is findingContinue reading “Morality versus Technicality”
Majestic Moscow
Russia has a population of 142 million people, and out of that, around 50 millions live in the three regions: the city limits, the metropolitan area and the urban area of Moscow, This is phenomenal which makes Moscow the most populous city in the entire Europe. The three areas together constitute around 34,000 square kilometres,Continue reading “Majestic Moscow”
Countervailing
Nature’s natures are phenomenal which when understood makes one feel awe about it. Countervailing is one of such blissful natures that Mother Nature has engraved on man. Countervailing is the reverse-balancing to ensure that you are corrected, if needed, mid-course in your journey toward your set destination so that your actions will be in harmony withContinue reading “Countervailing”
Temples of Angkor
In Khmer, the official language of Cambodia, Angkor means capital city. Khmer Empire was the most powerful ancient kingdom in South East with its peak reign during 12th century, and Angkor was its capital city. Wat means temple in Khmer. I visited Angkor Wat in September 2012. Located in the modern city of Siem Reap,Continue reading “Temples of Angkor”
Addendum to International Sales – Understanding and Tackling New Markets
On the basis of specific feedback from a reputed professional, C.P. Mohan, with whom I share Institute of Rural Management Anand, or IRMA, as alma mater, an addendum has been made to the Pyramid Model for Market Understanding, or PMMU, which was explained on the blog: International Sales – Understanding and Tackling New Markets –https://nowhereperspectives.com/2020/07/10/international-sales-understanding-and-tackling-new-markets/?fbclid=IwAR0rKgUce8Thmmaa2L4clcBlUrFBiB-Mr_tjUj0Z-UoXUeAQQNvLCzS-Qkk.Continue reading “Addendum to International Sales – Understanding and Tackling New Markets”
International Sales – Understanding and Tackling New Markets
This is the second blog of a 3-part series on International Sales. The first part dealt with the preparations for making an international travel – https://nowhereperspectives.com/2020/06/23/international-sales-preparations-for-a-business-trip/?fbclid=IwAR1KMmN2KSC-7V2hvTUBwcysa92GIINnfFCrslaMt0TuvXi68wcwVPklHrM – and in this edition, I will try to explain the ways to start business in a virgin market. The job of hunting for and getting a business partner,Continue reading “International Sales – Understanding and Tackling New Markets”
A Day Out in Bangkok
I took a 1-day guided tour to get a glimpse of the tourist attractions in and around Bangkok, the capital city of Thailand. Before proceeding to the tourist hotspots like Pattaya and Phuket, it is worthwhile to spend a couple of days in Bangkok if you are on sojourn, for there is plenty to seeContinue reading “A Day Out in Bangkok”
Flying During COVID Times
Who does not enjoy flying, albeit in an aircraft? Barring those who suffer from aviophobia, all get thrilled by a flying opportunity. That thrill is the harbinger of the actual joy that one will experience as one passes through various stages of a flying-journey, starting with preparations for trip, entering the cool confines of anContinue reading “Flying During COVID Times”
Problems and Issues
Many a time, we fail to differentiate between problems and issues and, mostly, respond in the same way to both. Problems and issues have characteristics which are diametrically opposite to each other. They, therefore, have to be dealt with differently. Problems, if left unsolved, have the potential to stop our progression in life, but issuesContinue reading “Problems and Issues”
Emerald of the Equator
Indonesia is the largest archipelago in the world, consisting of 17,508 islands, out of which, 6000 are inhabited. Such a geographical grouping stretches Indonesia’s border to Singapore and Malaysia on its west at the Strait of Malacca, to Australia at the Timor Sea in the west, and to the South China Sea and the IndianContinue reading “Emerald of the Equator”
International Sales – Preparations for a Business Trip
Travelling to abroad is an unavoidable part if you are in international business. It is possible that one can do international business without visiting foreign clients after establishing rapport with them over a period of time. However, to nurture client relationships as well as to keep oneself abreast with the emerging market trends, a marketerContinue reading “International Sales – Preparations for a Business Trip”
Types of Communication
There is no dispute that what we think is that what we communicate. Hence, as communication goes in tandem with our thoughts, we cannot do anything to change the content of our communication unless our thoughts permit us to do so. All methods of communication underlines this fundamental fact. Therefore, the methods only teach howContinue reading “Types of Communication”
Dealing with the Chinese Aggression
The world will be looking at how India deals with the Chinese military aggression on its border. India’s handling of the aggression is important not only for India but also for the world, especially East Asia, because over the last two decades, China had self-assumed an element of invincibility. Such a new metric is factored in byContinue reading “Dealing with the Chinese Aggression”
Nowhere Perspectives 