Public administration and development related

INTRODUCTION:-

public administration at the local, regional, national and international levels where it is directed to managing development processes in low and medium income countries. It gives special attention to investigations of the management of all phases of public policy formulation and implementation which have an interest and importance beyond a particular government and state. PAD has a particular interest in the link between public administration practice and management research and provides a professional and academic forum for reporting on new experiences and experiments. PAD also publishes
articles on development management research in the NGO sector. It is widely read by academics and practitioners alike, including consultants, donors and policy advisers. With its case study approach, it is also frequently used for teaching and training purposes.

Public Administration and Development

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Courses and programs for students are the main role to their education .

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BYJU’S: India’s most valuable Unicorn.

Photo Credits: BYJU’s

What’s the business about?,

BYJU’s is an Indian multinational educational company which was founded in 2011 by BYJU Raveendran and Divya Gokulnath. Today, it’s the most valuable unicorn in India and world’s most valuable technological educational company.

History of BYJU’S

In 2011, Mr. Raveendran and Ms. Divya Gokulnath founded an educational company with the help of their students which provided online video based learning programmes for students of kindergarten to Grade 12th.

In 2015, with the help of Think and Learn Ltd., the business firm launched its first ever app named BYJU’s: The learning app. After that, in 2017, BYJU launched its second app for mathematics for kids and subsequently they also launched another app for parents to help them track their child’s learning course.

Rose to fame: BYJU’s

By 2018, BYJU’s had more than 15 million users and 9 hundred thousand paid users. In 2019, BYJU’s won sponsorship rights for Indian Cricket Team jersey. Popular Indian actors Mohanlal and Shah Rukh Khan are the brand ambassadors for Byju.

Major Services provided by BYJU.

Initially, educational content was only made for students from classes kindergarten to 12. But now BYJU also trains students for Indian competitive examinations like IIT-JEE, NEET, CAT, UPSC and it also trains students for international exams like GMAT and GRE.

In 2019, the company announced that it would soon start providing classes to students in their respective regional languages in India. The same year it also announced the commencement of an international app for students living in countries outside of India.

Byju’s also launched its Future School which is a Kids Coding Platform where kids are taught to code online by experts.

The video tutorials in the app are about 12-20 minutes long and they’re digital animation videos for classes 4th to 12th and hence this makes it easy for students to grasp and learn.

Road to most valued start up!

BYJU’s has raised 350 million dollars from UBS, private equity Equity Giant Blackstone and also from Abu Dhabi state fund ADQ, Phoenix Rising and Zoom.

Byju’s has raised over 1.5 billion dollars in last eighteen months because of the increase in online learning and teaching due to the COVID-19 pandemic.

Byju’s has also acquired several other small business in the recent past like White Hat Jr, Scholr, Osmo and Toppr. In fact, it’s latest fundraising comes from popular educational chain, The Akash Educational Services, estimated at about 950 million dollars.

According to Mr. Raveendran, the 21st century illiterates are not those who can’t read and write, but those who can’t learn, unlearn and relearn.

Journalism and mass media

INTRODUCTION:-

Journalism and mass communication graduates work nationwide and worldwide at newspapers and magazines and in advertising, branding, broadcast news, social media, marketing, media research, photojournalism, publication design, public relations, radio, and other areas

Journalism:-

Journalism is the activity of gathering, assessing, creating, and presenting news and information. It is also the product of these activities.Journalism can be distinguished from other activities and products by certain identifiable characteristics and practices. These elements not only separate journalism from other forms of communication, they are what make it indispensable to democratic societies. History reveals that the more democratic a society, the more news and information it tends to have.

JOURNALISM ESSENTIALS

  1. What is journalism?
  2. What makes journalism different than other forms of communication?
  3. What is the purpose of journalism?
  4. The elements of journalism
  5. What does a journalist do?
  6. The journalist as a ‘committed observer’
  7. The theory of the interlocking public
  8. Bias and objectivity
  9. The lost meaning of ‘objectivity’
  10. Understanding bias

1.What is journalism?

Journalism is the activity of gathering, assessing, creating, and presenting news and information. … Journalism can be distinguished from other activities and products by certain identifiable characteristics and practices.

2. What makes journalism different than other forms of communication?

The vast majority of this communication, however, is not news and especially not journalism. Almost 70 percent of email traffic is spam, according to web security company Symantec. In 2012, there were an average of 175 million tweets each day. But almost all – 99% — consisted of “pointless babble,” according to researchers at Carnegie Mellon University.

3. What is the purpose of journalism?

“The purpose of journalism,” write Bill Kovach and Tom Rosenstiel in The Elements of Journalism, “is not defined by technology, nor by journalists or the techniques they employ.” Rather, “the principles and purpose of journalism are defined by something more basic: the function news plays in the lives of people.”

4. The elements of journalism?

In their book The Elements of Journalism, Bill Kovach and Tom Rosenstiel identify the essential principles and practices of journalism. Here are 10 elements common to good journalism, drawn from the book.

5. What does a journalist do?

Asking who is a journalist is the wrong question, because journalism can be produced by anyone.At the same time, merely engaging in journalistic-like activity – snapping a cell-phone picture at the scene of a fire or creating a blog site for news and comment – does not by itself produce a journalistic product. Though it can and sometimes does, there is a distinction between the act of journalism and the end result.

6. The journalist as a ‘committed observer’

Gil Thelen, the former publisher and president of The Tampa Tribune, believes the journalist has a very specific role in society. He calls it the “committed observer.” What he means by that, Thelen explains, is that the journalist is not removed from community, though at times may stand apart from others so as to view things from a different perspective.

7. The theory of the interlocking public

The splintering of mass media audiences and the migration of information consumers to tens of thousands of niche web sites is further evidence that everyone is interested, and expert, in something. The diversity and magnitude of the public, in fact, is its strength. A mix of publics is usually much wiser than a public comprised of just the elite or one segment of special interest.

8. Bias and objectivity

Journalism attempts to be fair and accurate. It does this through objective methods and managing bias. The guides in this section help you understand and navigate those processes.

9. The lost meaning of ‘objectivity’

One of the great confusions about journalism, write Bill Kovach and Tom Rosenstiel in The Elements of Journalism, is the concept of objectivity. When the concept originally evolved, it was not meant to imply that journalists were free of bias. Quite the contrary. The term began to appear as part of journalism after the turn of the 20th century, particularly in the 1920s, out of a growing recognition that journalists were full of bias, often unconsciously. Objectivity called for journalists to develop a consistent method of testing information – a transparent approach to evidence – precisely so that personal and cultural biases would not undermine the accuracy of their work.

10. Understanding bias

For a time, “bias” was the term of choice to describe anything people hated about journalism, whether the power and influence of corporate news organizations to the choices reporters made in writing individual stories. In 2001, in fact, a book about media unfairness entitled “Bias” was number one on the New York Times bestseller list. In recent years the public seems to have adopted a more nuanced view of bias.  Perhaps this is because many critics have found their voice online – where studies confirm that half the blogs contain just the author’s opinion – or that one-sidedness has become a successful business model, as Fox News Channel and MSNBC have demonstrated.

What Is Mass Media?

INTRODUCTION:-

Mass media is communication that is to a large group, or groups, of people in a short time (Mass Media, 2013, p. … This can be written, spoken or broadcast communication. Some of the most popular forms of mass media are newspapers, magazines, radio, advertisements, social media, television, Internet, and films/movies.

Mass Media:-

Think about this for a second: whenever you want to hear your favorite song, watch your favorite show, or see the latest current events, where do you go? You more than likely turn on your television, radio, or computer. The source that the majority of the general public uses to get their news and information from is considered mass media.Mass media means technology that is intended to reach a mass audience. It is the primary means of communication used to reach the vast majority of the general public. The most common platforms for mass media are newspapers, magazines, radio, television, and the Internet. The general public typically relies on the mass media to provide information regarding political issues, social issues, entertainment, and news in pop culture.

There are 6 main types of Mass Media:

  1. Traditional Media
  2. Print Media
  3. Electronic/Broadcasting Media
  4. Outdoor Media or Out of Home Media (OOH)
  5. Transit Media
  6. Digital Media/New Media/Internet

1. Traditional Media:-

People have developed different ways of communication depending upon their local language and culture. Traditional media is one of the oldest types of mass media to transfer traditions and culture over generations. The tools of communication have been developed from beliefs, customs, rituals, and practices of society. Traditional media imparts indigenous ways of communication for ages. Further, this type of mass media varied as per each culture and society as every culture has their own mediums to communicate to their mass audience. Thus, the traditional media can be folk songs, dances, folktales and folklore as well as paintings, sculptures, stupas, statues and fairs, festivals, rural or community radio and announcement mediums like nagada, etc.

Forms of Traditional Media

  • Folk Dances
  • Folk Songs and Music
  • Theatre, Drama, and Folktales
  • Painting, Sculptures, Inscriptions, Statues, and Stupas
  • Motifs and Symbols
  • Announcements made by beating drums or ‘nagada’
  • Shadow Puppetry and String Puppetry
  • Storytelling
  • Nautanki
  • Fairs and Festivals
  • Rural Radio

2. Print Media

In simple words, Print Media is all about the printed form of information and news. Before the invention of the printing press, printed materials had to be hand-written that made mass distribution almost impossible. Print media is one of the basic types of mass media tools making it very popular and convenient to reach a wider audience. Newspapers are considered as the oldest forms of mass media after the traditional mass media as for a long period of time, the general public relied on newspapers to know the latest happenings in their local areas as well as from around the world. Thus, print media originally refers to newspapers and then expanded towards magazines, tabloids, promotional brochures, journals, books, novels and comics.

Forms of Print Media

  • Newspapers (broadsheet and tabloid)
  • Periodicals, Newsletters, and Magazines (general or specific interest)
  • Brochures, Leaflets and Pamphlets
  • Journals
  • Books, Novels and Comics

3. Electronic/Broadcasting Media

Broadcasting is simply a distribution of audio and video content to a dispersed audience using the electronic broadcasting medium. Originally the term ‘broadcasting’ referred to the sowing of seeds on farms by scattering them over the large field. Broadcast media allows ease of news dissemination to even an illiterate person because it appeals to both the auditory and visual senses making it one of the most lucrative types of mass media. Centuries later after the newspapers were used as the original mass media, the advent of radio and television happened. Radio was the primary medium of news for the general public during wars as well as for sports and entertainment. When television was invented, it became the most effective type of mass media as it was primarily used for news dissemination and then for TV shows, live events and other entertainment purposes.

Forms of Broadcasting Media

  • Television
  • Radio (AM, FM, Pirate Radio, Terrestrial Radio, and Satellite)
  • Traditional Telephone
  • Film/Movie/Motion Picture
  • Video Games
  • Audio Recording and Reproduction

4. Outdoor Media or Out of Home Media (OOH)

This is also known as OOH or Out-of-Home Media and is focussed on transmitting information and news when the public is outside their home. Outdoor media gives importance to display advertising and attracting individuals towards new products, some social cause or any development or change in the society. These are prominent in brand promotion seen on buildings, streets, electric polls, roadside, vehicles, screens, kiosks, etc. This is one of the most prominent types of mass media used for commercial as well as public welfare advertising and mainly includes billboards, banners, posters, brochure distribution, ComPark Advertising, Wallscape, amongst others!

Forms of Outdoor Media

  • Billboards or Bulletins
  • Inflatable Billboards
  • Mobile Billboards
  • Banner
  • Lamppost Banners
  • Posters
  • Signs and Placards
  • Blimps, Skywriting
  • Brochure distribution
  • ComPark Advertising
  • Wallscape

5. Transit Media

Transit Media revolves around the concept of advertising and information dissemination when consumers are “on the go” in public places or in transit. These include display advertising on vehicles and transportation. With the aim “driving home a message” transit media is significantly used for massive brand promotion to millions of people who travel the country’s streets and highways every day.Some people might think that this type of mass media is outdated or ineffective, yet it is widely visible on the sides of buses, in subway cars, at transit stations where passengers enter or disembark from public transportation.

Forms of Transit Media

  • Bus Advertising
  • Railway Advertising
  • Taxi Advertising
  • Transit Shelter Advertising

6. Digital Media/New Media/Internet

Since the invention of the World Wide Web by English scientist Tim Berners-Lee in 1989, the Internet has drastically taken over all the types of mass media because of faster dissemination speed and higher digital technology. New Media is an interactive two-way communication with users being the active producers of content and information. The Internet is considered as a highly interactive mass medium and can be simply defined as the “network of networks”. It has quickly transformed as the centre of the mass media as it has marvellously integrated all the prominent types of mass media. Now, you can see news websites, broadcasted TV shows as well as listen to online radio using the internet and this is also called as the convergence of mass media!New Media is normally a re-conceptualization of the existing media. This is a rapidly growing mass media with the ease of accessibility with a computer and an Internet connection (broadband or WiFi). From Story Writing and Graphic Designing to Multimedia and Animation, pursuing a career in this field can be highly advantageous.

Forms of Digital Media

  • Websites
  • Emails
  • Social Media and Social Networking Sites (SNS)
  • Webcast and Podcast
  • Blogging and Vlogging
  • IPTV (Internet Protocol Television)
  • E-forums and E-books
  • E-commerce and M-commerce
  • Digital Videos
  • Computer Animation
  • Digital Video Games
  • Human-Computer Interface
  • Virtual World & Virtual Reality

Reference Link:-

https://www.americanpressinstitute.org/journalism-essentials/what-is-journalism/

https://leverageedu.com/blog/types-of-mass-media/

WINDOWS XP

Windows XP is still going strong

Windows XP is a line of proprietary operating system which was developed by Microsoft and is meant to be used for general purpose computers , such as home computers and business desktops , notebook computers and various types of media centres . Windows XP succeeds Windows 2000 and Windows ME , and is the first consumer – oriented operating system produced by Microsoft to be built on the Windows NT kernel and architecture . The most popular operating systems versions are Windows XP Home Edition , which is primarily meant for home users , and Windows XP Professional , which boasts additional features , such as support for Windows Server domains and dual processors , and is meant for professionals and other experts . Windows XP Media Centre Edition has additional multimedia features . Windows XP has an edge over the earlier versions of Microsoft Windows because of enhanced efficiency and better stability .

Windows XP helps you access and manage your files on the pc using a Graphical _User Interface GUI . All Programs and files stored on the PC are represented as pictures that are called icons . These icons are stored on the desktop .

Components of Windows XP

Windows XP

The Windows XP user interface consists of various components and concepts that help make Windows XP user friendly and intuitive . Some of the important components are :-

  1. Desktop
  2. Start Menu
  3. Taskbar
  4. Icons
  5. Recycle Bin
  6. Windows
  7. Applications
  8. Folders
  9. Files
  10. Control Panels

Financing sources for Start-ups

Presently, there are various schemes and financing options available to new businesses as it becomes easier to procure funds for new businesses with time. In fact, entrepreneurs can actually choose the source that is the most convenient and suitable according to the nature of their business and the amount they need. Let’s take a look at some of the most commonly used sources-

a) CROWDFUNDING

Crowdfunding is that the use of small amounts of capital from an outsized number of people to finance a new business venture. Crowdfunding makes use of the straightforward accessibility of vast networks of individuals through social media and crowdfunding websites to bring investors and entrepreneurs together, with the potential to extend entrepreneurship by expanding the pool of investors beyond the normal circle of householders or relatives

Advantages-

  • Reduced financial risk– Crowdfunding enables small businesses to test the viability of their business ideas before making huge investments. With crowdfunding, you can test the market and get some feedback before spending heavily.
  • Safe for investors– Investors are always searching for opportunities with big benefits and low risks. As such, investors find this option a good choice, considering it is an independent sector that is not linked to other financial markets. It remains stable even during times of economic instability.
  • Tax-free– Crowdfunding decreases the investor’s tax burden as they don’t have to pay tax on these investments.

Disadvantages-

  • Time and effort– Successful campaigns require a lot of personal devotion, in terms of time, effort, and money. You will spend a lot of time and money creating prototypes, convincing videos, and persuasive content to sell your idea.
  • Theft of idea– Unless your crowdfunding idea is patented and you have all the copyrights and trademarks in place, someone could steal it. Some individuals could steal your idea and build a better version (or just market it more successfully).

b) ANGEL INVESTORS

An angel investor is a high net-worth person who provides capital for small start-ups or entrepreneurs, usually in exchange for equity in the company. The financial backing, they provide may only be a one-time investment, or it could be ongoing financial support to help the new company in its early stages. Angel investors are often looking for a higher return on their money than they would get if they were to invest in the stock market. However, their interest in start-ups usually goes beyond just monetary return. They may be interested in working within a particular industry, mentoring a new generation of entrepreneurs or making use of their skills and experience in a new way.

Advantages-

  • Flexible & Less Risk– Unlike loans, there isn’t a need to pay back the funding from an angel investor because they receive equity in exchange for financing. When compared with others, Angel investors are usually negotiable, since they invest it from their own pocket. In most of the cases, many angels are successful entrepreneurs who have cashed out and understand the amount of risk involved with establishing a business.
  • Offer valuable knowledge– Since most of the angels are season investors, they can provide contacts, expert support, and guidance that can support the business grow swiftly. Their insight and resources can be of tremendous value for the company’s growth.

Disadvantages-

  • Loss of control– After investing the money in a start-up, most angel investors take a hands-on approach to the business and thus the founder and the company might lose control.
  • Expectations of Angel investors– They may expect a substantial return on their investment, sometimes equal to 10 times their original investment within the first five to seven years. This can create additional pressure. Therefore, before accepting funding, it should be evaluated whether the business can grow at the rate that an investor would expect, and establish expectations for growth.

c) Venture Capitalists

A venture capitalist (VC) is a private equity investor that provides capital to companies exhibiting high growth potential in exchange for an equity stake. This could be funding start-up ventures or supporting small companies that wish to expand but do not have access to equities market. Venture capitalists are willing to risk investing in such companies because they can earn a massive return on their investments if these companies are a success. VCs experience high rates of failure due to the uncertainty that is involved with new and unproven companies.

Advantages-

  • Business expertise– Aside from the financial backing, obtaining venture capital financing can provide a start-up or young business with a valuable source of guidance and consultation. This can help with a variety of business decisions, including financial management and human resource management. Making better decisions in these key areas can be vitally important as your business grows.
  • Additional resources– In a number of critical areas, including legal, tax and personnel matters, a VC firm can provide active support, all the more important at a key stage in the growth of a young company. Faster growth and greater success are two potential key benefits.
  • Connections- Venture capitalists are typically well connected in the business community. Tapping into these connections could have tremendous benefits.

Disadvantages-

  • Loss of control– The drawbacks associated with equity financing in general can be compounded with venture capital financing. You could think of it as equity financing on steroids. With a large injection of cash and professional – and possibly aggressive – investors, it is likely that your VC partners will want to be involved. The size of their stake could determine how much say they have in shaping your company’s direction.
  • Minority ownership status– Depending on the size of the VC firm’s stake in your company, which could be more than 50%, you could lose management control. Essentially, you could be giving up ownership of your own business.

Keeping in mind the pros and cons of various options available, an entrepreneur can choose the option that is easily available and suitable for their new business.

How To Discuss Your Reasons For Leaving A Job In Interview?

“I had a job insurance at an insurance company once, and the lady said, ‘Where do you see yourself in five years?’ I said, ‘Celebrating the fifth year anniversary of you asking me this question.”

  • Mitch Hedberg

When we say ‘a job’, do we only refer to a task that procures income? If you harbour such a myopic perspective, then it would be difficult for you to ace that interview which almost every individual fears. Sitting on that chair, surrounded by one or more interviewers and then confidently framing creative answers to their easy questions which seem difficult due to our nervousness seems so perilous! The thought of not being selected leaves us confused, nervous, and petrified which is why we cock things up and our tongues start shaking! However, what if I tell you that a job is actually an experience to make you smarter, bolder, and strategic with regards to business which should help you have your very own business in the future? What if instead of fearing the loss of one job, you accept the ideology that there are many fish in the sea and there would be other recruiters who would definitely discern your talent, if not the current ones? Don’t shy away. Show your true self to the interviewers. Be honest and confident. Speak what comes to your mind without worrying about vocabulary! Job interviews see ones capability of handling complex situations creatively which is why, they may whack your nerve and create an intimidating atmosphere. But it is you and your hope in the end that everything happens for good! Perhaps you aren’t hired here because some greater opportunity is awaiting you- this method of thinking will automatically create a confident interviewee and your fear or nervousness would die down. Gradually, those interviewers would seem like friends to you and your tone would embrace honesty! However, there can be a negative part to this thought. Just because you know that other good jobs await you doesn’t mean you would completely lose interest in the current interview and recruiters. This thought is only meant to calm an individual down and encourage him to perform his very best without worrying rejection!

So, what exactly is a job? It is the way you handle people. It is an experience of working amazingly under pressure because mostly, people tend to screw themselves under strict deadlines which isn’t the accurate method of having your own business either. You don’t want your customers to wait for a long long time just because working under pressure isn’t your thing! Thus, a job is not a duty that provides income but an experience that helps one become independent. Yes, urgent need for income may be the reason for that former definition of a job but instead of working for money, one must work for work to get efficient results that bear fruit. Money is a sidelined concept that would keep pouring in with the fantabulous consequences of your efforts!

Reason 1

Now that you are working in that company of your choice after practically nailing the interview with the above given thoughts and creative actions, you suddenly receive a new opportunity that sits incredibly with your qualifications and area of interest. It is the spot where you wouldn’t just work for money. However, doing two jobs simultaneously wouldn’t be possible due to clash in timings which means you may have to give up on the current one. You decide to submit the resignation here and wonder why you ever felt nervous for job interviews in the first place. Jobs keep changing and so do your preferences. However there is yet another interview, that final rendezvous with your boss to explain him the reason behind your resignation. You can’t bluntly state that this job doesn’t fulfill your expectations and area of interest anymore which means creating a suitable excuse that seems appealing and digesting to the recruiter.

You approach his cabin, formally greet him, and ask for a seat to discuss something important. Of course, you don’t begin directly with that departing statement because you want the situation to be under control. Firstly, you give a brief speech regarding your experience with the company and its colleagues, how much you enjoyed and how well your boss behaved. You thank your boss for his co-operation all along and also, for trusting and hiring you. Slowly but steadily, you ask for resignation. However, you don’t reveal directly but gradually that a new job is already out there awaiting you. So, all you say is:

“Firstly, I would like to thank you for hiring and trusting me with this job. I don’t know whether I have worked as per your expectations or not, but I surely have gained profound experience under your guidance. Not to mention, I am lucky to have such co-operative colleagues too who helped me grow. However, I feel that multiple experiences with several other types of people helps one blossom professionally which is why I have decided to look for another job offer wherein a new experience with new set of people would lay new standards to the usual ones in my life. I feel that doing one job offers a single experience which ends up creating a comfort zone from where one refuses to move out, later on. Thus, I want to splash my feet and hands to keep swimming in the pool of jobs! I hope you understand. Thank you once again for the amazing asset of experience! I bade my heartiest farewell and a sincere apology for this sudden decision.”

Reason 2

However, what if the new job offer you received, not only fulfills your area of interest but also provides a higher salary than the one you currently are in? The reason to leave should be as follows:

‘Thank you for trusting and hiring me sir. I have worked very hard for this company considering it close to my heart. I have also gained immense experience in this field with your support. However, I feel that with time, the difficulty level of work must increase to check on the capability of an individual and to escalate his adeptness in handling complex situations which is why, I have applied for a harder job in the same sector making me bid adieu to this company. I say this with a heavy heart but I really want to thank you for giving me a platform to showcase my talents. Of course, this isn’t a beginner’s job in the absolute sense but I definitely accrued considerable experience with you to work with my dream sector that demands more services and experiences. Thanking you once again along with a heartfelt apology.” (Handing the resignation letter)

Reason 3

What if there are certain personal reasons like your close one’s terminal illness? Here, you can reveal the reason directly since you aren’t disregarding the company with a genuine misery which anybody would understand. Reason could be as follows:

“Hello sir, I would like to thank you for hiring and trusting me with this job. This has always been my dream job and I definitely am enjoying it here. However, due to my mother’s sudden terminal illness I am forced to leave this job since handling the house chores and other responsibilities isn’t quite easy for my dad and aging grandma. If work from home would be possible, then I am eager to continue with this job. Thank you once again for your respect, admiration, and jaw dropping co-operation which really helped me improve.”

Reason 4

What if the travelling expense is huge due to the working distance? Frame a reason as follows:

“Working here has been a fantastic experience. Everyone’s a family here encouraging the other to bloom. I find myself grateful to have worked with this company. However, I helplessly am forced to take the decision of leaving this precious job though I would love to keep working here forever! Due to the working distance, I had been staying at a rented apartment right opposite to this building. But relations with the landlord have unfortunately deteriorated which meant me, evacuating that house. There are no other rental apartments near the office, neither am I ready to live as a paying guest. Thus, I have to return home and the travelling distance daily wouldn’t be affordable. Thus with a heavy heart and a genuine apology, I bade farewell. I remain thankful to you for showering me with loads of precious experiences and memories.”

Reason 5

You were working efficiently in a company until the pandemic arrived and made work from home a priority. You are happy working at home too but someone from your family is inflicted by the virus which is making it difficult for you to concentrate on your work since your loved one and his life matters the most. Thus, you decide to resign because one can’t possibly ask for a month’s leave! Since the use of online medium becomes mandatory now, you don’t directly message your boss on Whatsapp to seem casual. Instead, prefer emailing to do the same. Compose a formal email even if you are on friendly terms with your boss because one can’t ignore that employer-employee relationship which demands a decorum. You give the reason as follows:

“Greetings,

Thank you for hiring and trusting me with the responsibilities of this company. Working can’t be more exciting here. However, a jolting situation is forcing me to give up. One of our family members has been inflicted by the deadly virus thereby creating a chaotic situation at home. Of course, I am mentally disturbed with trauma and aren’t able to concentrate on the tasks provided. I don’t wish to compromise with the efficiency and quality of my work and have thus, arrived at the conclusion of demanding a resignation. I understand it to be a harsh move but my mind just wouldn’t remain stable and the responsibilities at home are being shared by all with the absence of one important member. Acknowledging the current situation, I thus want to bid farewell not without thanking you and providing a genuine apology! Below, you will find attached the resignation letter.

Regards,

XYZ”

Reason 6

There are certain other cases though where the boss doesn’t seem motivating or berates, demeans, and pressurizes you into working more than usual. Thus one fine day, the pressure cooker bursts and you decide to quit once and for all because as stated earlier, you don’t have to face sheer domination when there are plenty of fish in the sea. Work with dignity and respect because employees are assets without whom no company can touch the acme of success. You, as an employee are special and must therefore have the courage to free yourself from such demonic clutches and choose the ones who value you. If you are highly talented then there is no stepping back. You don’t have to adjust with the current working environments because your creative determination would definitely fetch you a new platform. This was just a brief note for all the employees who feel that they wouldn’t find a new job and keep tolerating the worst working conditions. Please believe and value yourself. Don’t surrender your honour to a cruel boss and then blame yourself to have a cruel fate. You design your fate so make sure, you choose the right people in it!

Getting back to what reason you would cite to get rid of such a menacing and mentally abusing job. Of course, this too can’t be revealed directly. You have to strategically plan your way out. Most of the people in such situations use any possible excuse, be it a lie. Of course, it has to be a professional lie so that your evil boss falls for it. But if you choose honesty, then your answer needs to be creative and persuasive. One may frame it as follows:

“Hello sir. I have been working since quite a long time and have enjoyed the job. However, I feel demotivated and am experiencing mental trauma because of which I wish to resign. I don’t want to compromise with the efficiency of my work and infuriate you later. In short, I need a break to gather myself. I need some family love to overcome mental instability. If need be, I might visit a psychiatrist to maintain sanity. Of course, you wouldn’t want a sick employee tarnishing your reputation because of stupid errors coming up in major projects. Before you fire me because of company losses, I choose to back off. Thank you for this opportunity and I apologize for this sudden breakdown.”

In short, make sure you include the company losses he would incur with your illness to convince him into expelling you because the meanest of bosses would never want their company to shatter.

Reason 7

At times, people end up quitting due to colleague discomfort. Some colleagues are jealous and thus, try creating hurdles in your work and at a point, you have had enough of it. You decide to give up and look for a comfortable spot that shares a friendly environment. Also, some colleagues are dominant and force you to work for them or perhaps, you are lonely and not a single colleague has extended the hand of friendship towards you which has really made work an uphill task for you. Good colleagues, happy environment, understanding boss, a motivating bond between the staff, and punctual paychecks are essential aspects that inspire you to work harder. But if a certain company is making you compromise with either of these aspects then it will be best to look for other options! Though you may not get that perfect environment everywhere, look for happy atmosphere with a successful group of friends who actuate and act as role models to help you flourish.

What reason would you cite to leave? Create it as follows:

“Greetings sir. I have always appreciated your versatile manner of handling important projects effectively. You have inspired me to put in not just massive but quality efforts that guarantee fruit. However, I’m afraid I don’t find the same inspiration from my colleagues. I feel that for employees to succeed, a correct set of co-workers is necessary along with an understanding boss because colleagues have the opportunity to learn from each other’s mistakes which can be considered a step towards excellence. Sadly, the atmosphere here doesn’t seem boosting but gloomy because no employee wants to share their views with the other. Friendships are few and far between and the colleagues are almost always like robots burying their heads in laptops. Though the job is quite interesting and has been my deep rooted preference, I am not receiving that amiable nudge to keep going. I don’t receive a few feedbacks from my colleagues neither do they ask for any. This isn’t accurate and would only limit us to single or absolute perspectives hindering our growth. You may say that co-workers don’t matter but they do, with regards to learning something new since every new individual carries some unique perspective which may trigger an amazing idea in the other. In short, sparse interaction between colleagues is making me arrive at the only available option- resignation! Thank you once again for being an amazing boss. I sincerely apologize for this harsh decision but I really need a happy environment to maintain sanity and fetch better results. Please accept my resignation.”

To summarize, the only way to ask for resignations is to emphasize the philosophical aspects as to why you are uncomfortable with that particular environment. Secondly, you highlight the losses that the company would suffer because of your instability and of course, you end on a happy note stating that you enjoyed the work and due to that particular cause are ‘forced’ to take such a step or that you need a ‘break’ so that your boss doesn’t feel offended. You must remember to formally converse with your boss because somewhere in the core of your heart, you’ve got to respect him for hiring you in the first place, even if he is evil. After all, you have definitely been paid and trusted. Taking such points into consideration, you should frame formal speeches.

Also, using business words is essential to sound professional because you aren’t speaking to a friend! For instance, there is a huge difference between the words ‘Resignation’ and ‘Leave’ in business dictionary. ‘Resignation’ means to leave permanently while ‘a Leave’ means to temporarily cease work due to personal reasons. Thus, business English can be complex and isn’t the same as normal English. Thus, when you speak to interviewers for the first time, ensure that you have completed a course in Business English communication skills to sound impressive. As seen in the responses above, I have made use of professional and mature reasons to seem convincing.

If you choose to speak as, “Hi sir. My mom is sick and I have to tend to her. Thus, I am quitting urgently.” This not only makes you sound unprofessional but also as a liar even though you are genuine. That’s exactly why, the choice of words matters a lot. The way you interact, the serious expression you pull, and the creative philosophical reasons you provide make you look professional and genuine. Thus, one must focus on creating a grand impression on the CEO with words, sounding sweet as honey but camouflaging the harsh reality thereby cooling the situation down.

Quick Reference that could help

Thus, I would conclude stating that resignations need to be extremely formal because you don’t want to upset your boss by directly asking for it. That’s exactly why, you begin with a few consoling words to form a brief speech to engage your boss, then cite the problems you have been encountering, and gradually move towards the resignation part. During such a process, there is a possibility of receiving some solutions from your boss who could help eliminate them and if that’s the case, you wouldn’t want to quit. Be professional, be respectful, think about others, frame a formal speech, and reflect deeply over your choice of words!

All The Very Best!

Use of MS Excel in today’s world.

Excel is typically used to organize data and perform financial analysis. It is used across all business functions and at companies from small to large. The main uses of Excel include: Data entry.

Excel is a software program created by Microsoft that uses spreadsheets to organize numbers and data with formulas and functions. Excel analysis is ubiquitous around the world and used by businesses of all sizes to perform financial analysis.

The main uses of Excel include:

1 Data entry
2 Data management
3 Accounting
4 Financial analysis
5 Charting and graphing
6 Programming
7 Time management
8 Task management
9 Financial modeling
10 Customer relationship management (CRM)
** Almost anything that needs to be organized!

Excel is used extensively in finance and accounting functions. In fact, many organizations run their entire budgeting, forecasting, and accounting functions entirely out of Excel spreadsheets.

While Excel is defined as a “data” management tool, the data that is most commonly managed is financial. At CFI, we would define Excel as the ultimate financial software. While there are other pieces of financial software that are tailored toward performing specific tasks, the strongest point about Excel is its robustness and openness. Excel models are as powerful as the analyst wishes them to be.

Accountants, investment bankers, analysts, and people in all types of financial career paths rely on excel to perform their daily job functions.

And one should know how to use MS Excel. Its on of the most important skill in today’s corporate world.

Digital marketing

INTRODUCTION:-

Any marketing that uses electronic devices to convey promotional messaging and measure its impact. In practice, digital marketing typically refers to marketing campaigns that appear on a computer, phone, tablet, or other device. It can take many forms, including online video, display ads, and social media posts. Digital marketing is often compared to “traditional marketing” such as magazine ads, billboards, and direct mail. Oddly, television is usually lumped in with traditional marketing.
Did you know that more than 3 quarters of Americans go online on a daily basis? Not only that, but 43% go on more than once a day and 26% are online “almost constantly.” These figures are even higher among mobile internet users. 89% of Americans go online at least daily, and 31% are online almost constantly. As a marketer, it’s important to take advantage of the digital world with an online advertising presence, by building a brand, providing a great customer experience that also brings more potential customers and more, with a digital strategy

What is digital marketing?

Digital marketing, also called online marketing, is the promotion of brands to connect with potential customers using the internet and other forms of digital communication. This includes not only email, social media, and web-based advertising, but also text and multimedia messages as a marketing channel.
Essentially, if a marketing campaign involves digital communication, it’s digital marketing.

Inbound marketing versus digital marketing:-

Digital marketing and inbound marketing are easily confused, and for good reason. Digital marketing uses many of the same tools as inbound marketing—email and online content, to name a few. Both exist to capture the attention of prospects through the buyer’s journey and turn them into customers. But the 2 approaches take different views of the relationship between the tool and the goal.
Digital marketing considers how each individual tool can convert prospects. A brand’s digital marketing strategy may use multiple platforms or focus all of its efforts on 1 platform.
Inbound marketing is a holistic concept. It considers the goal first, then looks at the available tools to determine which will effectively reach target customers, and then at which stage of the sales funnel that should happen.
The most important thing to remember about digital marketing and inbound marketing is that as a marketing professional, you don’t have to choose between the 2. In fact, they work best together. Inbound marketing provides structure and purpose for effective digital marketing to digital marketing efforts, making sure that each digital marketing channel works toward a goal.

B2B versus B2C digital marketing:-

Digital marketing works for B2B as well as B2C companies, but best practices differ significantly between the 2.

  • B2B clients tend to have longer decision-making processes, and thus longer sales funnels. Relationship-building strategies work better for these clients, whereas B2C customers tend to respond better to short-term offers and messages.
  • B2B transactions are usually based on logic and evidence, which is what skilled B2B digital marketers present. B2C content is more likely to be emotionally-based, focusing on making the customer feel good about a purchase.
  • B2B decisions tend to need more than 1 person’s input. The marketing materials that best drive these decisions tend to be shareable and downloadable. B2C customers, on the other hand, favor one-on-one connections with a brand.
Of course, there are exceptions to every rule. A B2C company with a high-ticket product, such as a car or computer, might offer more informative and serious content. Your strategy always needs to be geared toward your own customer base, whether you’re B2B or B2C.

Types of digital marketing:-

What is Digital Marketing & Types of Digital Marketing (2021)

The 7 Types of Digital Marketing:-

INTRODUCTION:-

A group of men and women sitting around a conference room table working in their role as digital marketers.
Digital marketing can be broadly broken into 7 main categories including: Search Engine Optimization, Pay-per-Click, Social Media Marketing, Content Marketing, Email Marketing, Mobile Marketing, Marketing Analytics.
In the past decade, digital marketing has become a vital component in organizations’ overall marketing strategy. It allows companies to tailor messages to reach a specific audience, making it possible to market directly to people who are likely to be interested in their product. Digital marketing encompasses a wide variety of marketing tactics and technologies used to reach consumers online. Two academic team members from Southern New Hampshire University (SNHU) spoke about how digital marketing aligns with traditional tactics and shared information on some of the types of digital marketing in practice now.
A senior associate dean of business programs, Dr. Mark Hobson, said although digital marketing seems like a new world, in fact it is based in many of the principles familiar to traditional marketers and requires both foundational marketing knowledge and technical know-how.
Dr. Jessica Rogers, associate dean of marketing programs, said the two disciplines serve to connect with distinct groups of consumers. “… Traditional media is a great way to reach a broad consumer base, whereas digital media has the ability to reach very specific audiences,” she said “A key point is that depending on the target audience, some channels are more effective than others.”

Types of Digital Marketing:-

Rogers talked about some of the most popular types of digital marketing, providing a brief overview of each

1. Search Engine Optimization (SEO):-

The goal of SEO is to get a business to rank higher in Google search results, ultimately increasing search engine traffic to the business’s website. To accomplish this, SEO marketers research words and phrases consumers are using to search for information online, and use those terms in their own content. According to leading SEO software company Moz’s “Beginners Guide to SEO,” SEO encompasses many elements, from the words on your web pages to the way other sites link to you on the web to how your website is structured. An SEO specialist can make around $59,000, according to Salary.com.
So, what are some things that can improve a site’s SEO? It’s important to understand that one of the things that makes SEO challenging is that the answer to this question always depends on Google and its most current algorithm. Keeping that in mind, here are a few of the most important things for SEO strategists and marketers in general to understand about how SEO works today, from Moz’s Beginners Guide to SEO:
  • Content indexing – It is important to allow search engines to clearly “read” what your site content is, by doing things like adding alt text for images and text transcripts for video and audio content.
  • Good link structure – It is important that search engines can “crawl” your site structure to easily find all the content on your site. There are many things that an SEO specialist can do to properly format links, URLs, and sitemaps to make them most accessible to site crawlers.
  • Keywords and keyword targeting – Properly deploying your keywords – i.e. the search terms you want your site to be found for—in your content and headers is one of the fundamental building blocks of SEO. It is no longer good practice to “stuff” your content with as many keywords and keyword variations as possible. Writing high-quality content that uses keywords in the headers and a few times in the crawl-able page content is now considered better practice, and will make pages rank better in search results.

2. Pay-per-Click (PPC):-

A laptop screen showing the analytics behind a pay-per-click digital marketing campaign.

Pay-per-click refers to paid advertisements and promoted search engine results. This is a short-term form of digital marketing, meaning that once you are no longer paying, the ad no longer exists. Like SEO, PPC is a way to increase search traffic to a business online.
Pay-per-click can refer to the advertisements you see at the top and sides of a page of search results, the ads you see while browsing the web, ads before YouTube videos and in ads in mobile apps.
One of the other things that differentiates pay-per-click from SEO is that you only pay for the results. In a typical PPC model like a Google AdWords campaign, you will pay only when someone clicks on your ad and lands on your website. You can spend just about any amount of money on pay-per-click advertising. Some companies may see results from investing just a few hundred dollars, but plenty of large companies spend tens of thousands a month on pay-per-click.
How much it costs to run an ad or promote your search results will depend primarily on how much competition there is for your keywords. High competition keywords (i.e. keywords that many people are searching for and that many sites are trying to be found for) will be more expensive and lower competition terms will likely cost less.
When you set up a pay-per-click campaign, you will also be able to choose whether you want your ad or promoted results to be shown to users all over the world, or only within a specific geographic area. If you are marketing a brick-and-mortar business, this ability to tailor by location helps you not waste ad dollars serving ads to users who don’t live anywhere near your business, according to Google.

3. Social Media Marketing:-

A woman using her cell phone to track the results of a social media marketing campaign.

This includes everything a business does via social media channels. Just about everyone is familiar with social media, but marketers must approach social with an integrated and strategic approach. Social media marketing goes far beyond simply creating posts for social channels and responding to comments.
To be effective, efforts must be coordinated and consistent rather than an afterthought. To help keep posts consistent, there are many online tools available to automate and schedule social media posts, although marketers only should use automation as a tool, not a “set it and forget it” solution. Users will figure it out quickly if there is no real person behind the posts.
Social media marketers should not be in a silo separate from other marketing functions. Social marketers need to work with the company’s wider marketing team to coordinate their message across all platforms, online and off, so that every part of the brand is telling the same story.
A crucial part of social media marketing is analytics: Social media marketers must also be savvy at analyzing the performance of their posts, and creating strategies based on that data. Another reason for marketers to be consistently measuring and tracking their campaigns is that this data allows marketers to demonstrate to business leadership that their efforts are driving users to engage with the brand and eventually converting users into customers, therefore providing value to the company, according to Forbes contributor Jayson DeMers.
In other words, social media marketing is a lot more complicated than managing your personal Facebook or Twitter profile. It requires a blend of creative thinking and objective, data-driven strategy, and may be a great fit for professionals who enjoy blending these two disciplines. A social media analyst with a bachelor’s degree can earn about $63,841, according to Salary.com.

4. Content Marketing:-

A digital marketer working on a content marketing article on his laptop.

Content marketing uses storytelling and information sharing to increase brand awareness. Ultimately, the goal is to have the reader take an action towards becoming a customer, such as requesting more information, signing up for an email list, or making a purchase. “Content” can mean blog posts, resources like white papers and e-books, digital video, podcasts, and much more. In general, it should first and foremost provide value to the consumer, not just advertise the brand or try to make a sale. Content marketing is about building a sustainable, trusting relationship with your customers that can potentially lead to many sales over time, not just making a single transaction.
Content marketing works in symbiosis with other types of digital marketing: It is a way to incorporate SEO search terms into fresh website content, and the content created can be shared as social media posts and in email marketing publications. Looking at the analytics for your content marketing can tell you a lot about your customers: what are they looking for when they land on your site? What kinds of content make them stay on the site longer and keep looking around? What kinds make them lose interest and navigate away?
Unlike a method such as PPC, content marketing is a long-term strategy. Over time, marketers build up a library of content (text, video, podcasts etc.) that will continue to bring users to the site via search engines, according to Marketo, a marketing automation company. This content library also helps promote knowledge of your brand and increases your profile as a resource for information. And, if users are visiting your site for information, ideally they will remember you as an authority when it’s time to make a purchase.
Content marketing is a great avenue for people who enjoy writing and/or video and audio production. But as with digital marketing in general, it also calls for strong strategic and analytic skills.

5. Email Marketing:-

A cell phone displaying bar graphs associated with an email marketing campaign.

Even with the emergence of social media, mobile applications and other channels, email is still one of the most effective marketing techniques, Rogers said. It can be part of a content marketing strategy, providing value to consumers and over time convert an audience into customers. Email marketing pros not only know how to create compelling campaigns, they also understand optimal audience outreach and are skilled at analyzing customer interactions and data, and making strategic decisions based on that data, according to the American Marketing Association. 
Email marketing software can offer many different analytical measures, but two that marketers are always striving to improve are the open rate –the percentage of recipients who opened the email – and the click through rate – the number of recipients who opened the email and clicked on a link in the email. According to leading email marketing software company Constant Contact, there are many things marketers can do to make their emails more appealing to users and more likely to be opened. These include:
  • Create a Sense of Urgency – Writing email copy that lets your recipients know that time is running out to get a special deal or that there are only a limited number of the offer available, can increase the number of people clicking through to your website.
  • Personalize Your Email – Setting your emails and subject lines up to incorporate the recipient’s name is a proven way to increase open and click through rates. (A sample subject line: “Katie, a special offer just for you.”)
  • Let Recipients Set Their Preferences – Allowing users to specify how often they want to hear from you can help keep some of your email subscribers subscribed to your list and clicking on your emails.

6. Mobile Marketing:-

A group of digital marketer looking at a tablet displaying the results of a mobile marketing campaign.

This digital marketing type is this focused on reaching your target audience on their smart phone or tablet. Mobile marketing reaches people through text messages, social media, websites, email and mobile applications. Marketers can tailor offers or special content to a geographic location or time, such as when a customer walks into a store or enters an event.
ccording to a recent TechCrunch article, consumers in the United States now spend five hours a day on their phones. This represents a 20% increase from the fourth quarter of 2015. Users are also spending much more of their time in apps rather than on mobile browsers. In 2017, users are spending much more time with apps than watching television. 15% of that app time is spent with entertainment apps like Netflix and Hulu, 19% of it is spent on Facebook’s mobile app, 12% on other social and messaging apps, and 11% in gaming apps, according to the TechCrunch article.
Retail Dive reports that 45% of all shopping always or frequently involves a mobile device in some way, whether it’s used to do research, compare prices or make a purchase. For a majority of Millennials (defined the Pew Research Center as people born between 1981 and 1997), that number is 57%.
Marketers know that you need to take your message to where you customers are, and in 2019 it is very clear: your potential customers are on their phones.

7. Digital Marketing Skills:-

A laptop screen showing the analytics behind a digital marketing campaign.

Digital marketers support the wider marketing team and the strategic goals of the whole company by rolling out marketing strategies in the online environment, Hobson said. Digital marketers strive to be a voice for the customer and how they want to interact with a brand digitally, Rogers said. “(Marketers) strategically approach the brand’s channels to maximize investments, drive traffic and conversions, as well as manage integrated digital content,” she said.
The need to be where the customers are at all times means that digital marketers have a significant responsibility to be attuned to changes in technology, social media and software.
Technology changes quickly; the hot social media app of today may be all but abandoned by next year, but many of the foundational principles of marketing remain the same.
Today, many employers are requiring experience in Google Analytics, Google and Facebook Ads, HubSpot and Hootsuite, according to Rogers. In a master’s in digital marketing program, you’ll learn the foundations of tools such as these, exploring and applying them through coursework. They are also looking for candidates who are proficient in Adobe Creative Suites and have a working knowledge of SEO and keyword research.
However, some important pieces of the marketing puzzle have not changed since the days when companies primarily advertised in print, radio and TV. All marketers need strong communication skills and a strong basis in marketing principles.
Employers include these soft skills with the technology-related proficiencies in job posting requirements, according to Rogers. 
“A basic tenant of marketing is communicating a marketing message to a target audience,” she said. “… Not only must we communicate with our teammates, but we must be able to communicate to customers, executives and more. These folks are our target audience and without strong communication skills, messages will not be received in the way in which we intended.”
Since digital marketing is a rapidly changing space and it is imperative for companies to stay up to date on new and emerging strategies, Hobson said. There are many ways that companies do this, some of which are the responsibility of digital marketers and some of which is done by other departments.
“Staying ahead of the competition has never been more important,” Rogers said. “The landscape for businesses is changing so rapidly, that is has become a key strategy to include looking to the competition to help inform your own digital strategy.”

Reference Links:-

https://mailchimp.com/marketing-glossary/digital-marketing/

https://www.snhu.edu/about-us/newsroom/2017/11/types-of-digital-marketing

The Conspiracy of “Bulbs”

Do you know for how long a light bulb can last? 1000 hours, 1500 hours, 3000 hours? What if I say there is an light bulb lasted for more than 120 year and still counting, you will definitely say are you kidding me?, mine doesn’t last for more than 1000 hours. Or you may ask which machine has manufactured it? But what if I say it is hand made. Read on full article to know why life span of light bulbs are made to decrease by some giant light bulb manufacturers…

In Livermore Fire station 6 there is a light bulb active from more than 120 years hand made. The light doesn’t have a switch but it has battery back an a power generator. The bulb is never switched off as by cooling and heating up again there act stress on filament which decreases the life span of bulb.

When everyone is trying to make a filament they failed the filament burned with contact of oxygen, so in 1840s Warren De La Rue told to put the filament in vacuum so if there is no contact of oxygen and no burn. In 1879 Thomas Edison invented a perfect light bulb by making filament of carbon, from then onwards everyone tried different filament to increase the life span and then come up with tungsten. And in 1920s the life of bulbs were at peak lasting from 2000 hours to 2500 hours normally.

But at these time the sales were at least for the bulb manufacturers for example OSRAM sold 63 million bulbs in 1923, and in 1924 only 28 million. So the giant manufacturers of that come with a meeting. In 1924 at Geneva, Switzerland before christmas the giants Philips, International General Electric, Tokyo Electric, OSRAM from Germany, UK Associated Electric(AEI) formed a cartel named Phoebus Cartel after the name of Greek God of light.

They agreed to decrease the life of bulbs to 1000 hours, the same way engineer discovered to increase, they told their engineers to decrease the life of bulbs. But, due to lack of trust they agreed to send bulbs from every factory to a lab for test. If the bulb lasts for 1000 hours is fine, but if it lasts more than 3000 hours then there is a fine of 200 Swiss Francs for every 1000 bulbs sold.

There again one question of will every manufacturer will follow or not? So they divided the area of sales. They were successful in there plan. The life of light bulbs decreased and there increased tremendously. They sold with same price to increase the profit.

-Sales – life of bubs

The cartel was made to last till 1955 but it ended in 1930s. However there were allegations on cartel, but they said that cartel in established for improvements in the bulb. The screw thread in bulbs are introduced by them.

The light bulb of Livermore is made before the formation of cartel that’s why it is there.

These is not the end of this case as there is still this type of work is going on.

In 2003 the video of Casey Neistat was gone viral as he tried to protest against apple. Apple launched IPod having non removable memory which lasts only for 18 months, and after that you have to give 250$ to refurbish it. So there was a case in court against this which Apple settled outside court.

Leonardo Da Vinci’s Human Powered Helicopter Becomes Reality

Leonardo Da Vinci's Aerial Screw

It would be hard to call Leonardo Da Vinci anything other than a man ahead of his time.  Between 1452 and 1519, Leonardo did just about everything. He is most famous today for his skills as a painter, where he painted some small works- like the Mona Lisa and The Last Supper. His sketches of man were the most anatomically correct to date (The Vitruvian Man). He was also a famed sculptor, musician, architect, anatomist, geologist, cartographer, botanist, writer mathematician, engineer and inventor. He conceptualized things far beyond his time, including concentrated solar power, a calculator, the double hull for ships, a tank and, most interesting to those of us in the aviation industry, a helicopter.

Over 420 years before the first helicopter was built, Leonardo Da Vinci sketched out what he called the Aerial Screw. This aerial screw was a man powered helicopter that required four men to spin cranks fast enough to generate enough lift to get off the ground.

Now, fast forward to 1980, 461 years after Leonardo passed away.  The American Helicopter Society sought to finally see the first human powered helicopter take flight. To win the prize money, which started at $10,000, the helicopter needed to reach at least 3 meters in the air (9.8 feet) for 60 seconds while being stable enough to have the center of the helicopter stay within a 10 x 10 meter box (32.8 x 32.8 feet). It would take 9 years from then before the first human powered helicopter even got off the ground when students at Cal Poly San Luis Obispo got their human powered helicopter 8 inches off the ground for all of 7.1 seconds. In the next 20 years, not much progress would be made so the Sikorsky Aircraft Corporation pledged additional prize money to try to see if that would inspire more innovation.

Sure enough, it did. Two teams, one from the University of Maryland and the other AeroVelo, were locked in a tight race to win. The university of Maryland got their man powered helicopter to fly for 65 seconds but it only reached 8 ft (about 1.8 feet short of where they needed to be) in August of 2012.

Finally, this July in Toronto, Aerovelo took the $250,000 in prize money with this flight:

While we don’t expect to see these Atlas human-powered helicopter’s flying around a city near you soon, this was a remarkable achievement. Congratulations to the Aerovelo team! And, over 480 years later, Leonardo Da Vinci’s vision of a human powered helicopter came to fruition.

Marketing Mix

In every business it is important to have an efficient marketing plan or strategy to promote their product, to engage more customers or to understand consumer behaviour, to upgrade their pricing strategy. For this in 1960s, an academic and marketer E. Jerome McCarthy proposed the idea of ‘marketing mix’.

Marketing mix is basically a mixture of 4Ps to enhance business model with Price, Product, Place and Promotion. These 4Ps can be used as marketing tools by any business for achieving their market goals and targets.

Components of Marketing Mix

  1. Product

Product means anything which is for sale any physical product or any service rendered to customer.  Product should the meet expectations and demand of customers in the market.Some of the marketing decision which every seller should think of  such as branding, packaging, product range, product design, packaging and labelling, guarantees and warranties.

2. Place

In marketing mix, place refers that where seller choose to sell his product whether it is warehouse, street market, online platforms, supermarkets, etc. It depends upon the nature of the product i.e. if product is perishable, shops are preferable to sell that product and if product is non-perishable both shops and online platforms are suitable.Marketing decisions related to place includes: market coverage, inventory, transportation, location, distributors, warehousing and franchising.

3. Price

Price is the main aspect for the business and customer. Each and every customer gets affected from price of the product which consumer is selling. Price reflects the cost or value of the product. Seller should set the price as per the demand of customer and the actual cost of the product. Accurate price can change the customer’s preference form one product to another. Other important aspect of pricing is what price has been set by your competitors? This can help any business in setting their pricing strategy. Pricing strategy can make profits for the business or can cause loss to the business if it is not accurate.Price market decisions includes: payment method (card or cash), credit payment, pricing strategy, allowances for distributors and discounts for customers.

4. Promotion

Promotion means to tell or convey about the product to customers through advertising, marketing and sales promotion. It can be through offline mode such as T.V. magazines, newspapers, radio etc. and online mode like websites, ads on social media, etc. It depends upon the seller of the product which way or method he chooses to communicate about his product to customers and according to response from his customers, he should continue with that particular promotion method.Marketing decisions for promotion involves: advertising, sales promotion, public relation, direct marketing, what and how to communicate to customers.

In 1980s Booms and Bitner proposed a model of marketing mix which consist of 7Ps, generally he added 3 more Ps to marketing mix i.e. Process, People and Physical Evidence which is beneficial for Service Marketing.

5. Process

Process describes the chain of delivering the goods or services to the customer. Process examination involves the evaluation of each and every step like procedure of distribution, payment system and relationships with customer. Evaluating, modifying and improving different steps of process will help business to maintain their efforts and to check that methods are new and as per recent trend. Process related marketing decisions involves: blueprint service, process design, checking system failures, monitoring service performance, allocation of resources required.

6. People

In marketing mix, ‘people’ refer to those who all are involved in the process of delivering of goods; managing the process; handle customer relationship, etc. Employees, staff, workers or labour all are included in ‘people’, basically all those who are a part of business. For any business it is necessary to employ right people to manage all the business related process. Marketing decisions related to people includes: staff recruitment and training, attending customers, handling complaints and failures, handling social interactions.

7. Physical Evidence

 Physical evidence means evidence of the product which has been purchased by the customer. It can be receipt, brochures, tracking information, invoices, etc. It is beneficial for both customer and seller to have a record or any document of transaction. It also relates to validation of the product, authenticity of the product check by the customer through their websites, logo etc. Here, marketing decisions includes: interior design like furniture and scheme, facilities like equipment access, brochures, stationery, surrounding conditions, and signage.

References:

https://en.wikipedia.org/wiki/Marketing_mix

https://blog.hurree.co/blog/marketing-mix-7ps

INTERNSHIPS

The internship is the main source for a college student to improve and prove his/her knowledge.

Every college student has composed placements and off compose placements.

At the time of placements in a different company, we have to submit our Resume. That resume gives our real appearance to interview. If we have done any internships and any skill development that will help for our desired company placements.

Lets more about internships

Internships is the training and real-time project to the confidence of our skills for real-world understanding

 The internship is an opportunity offered by an employer to potential employees, as an intern, to work at a firm for a fixed period of time. Interns are usually likes undergraduates or students, and most internships period last between a month and three months. … An internship can be either paid or voluntary.

Which internships we have done?

Internships are based on your desired knowledge, department and day by day improved courses

Things to consider when choosing an internship

  • Which sector are you interested? …
  • What will be your responsibilities? …
  • What will you will get ? …
  • Where you have to do? …
  • What’s the environment like is it comfortable ? …
  • Will you get the opportunity to more network? …
  • What are the skills will you learn? …
  • What are your qualifications for ?

Let specific directions for your internships

There are some websites for internships that may have offline and online internships :

  • Linkedin
  • Glassdoor
  • Google
  • Internshala
  • Internship.com
  • Internmatch.com
  • Youturn
  • Idealist
  • Global Experience
  • Coolworks

Go for these websites you will find “updated(your name) version.0”

Budding entrepreneurship amidst the youth

For many the word entrepreneurship sounds like an intricate term, which we think that are associated only with people doing large businesses, world wide. But it is the concept of developing, managing and promoting a business platform which could be relevant to the field of interest that one has in line to gain profit. There is a major misconception that a business investment deals with more money. But the young entrepreneurs come up with impalpable investments which can remarkably attribute to the growth of a business like innovation, skills, creative thinking, time management, energy and of course monetary sources also take an integral part but not a major part. Especially in this pandemic many of the young people have made their venture into businesses through the digital platform which turned into a good of source of income for many. Youth entrepreneurship has a huge impact on the social and economic progress of the society. It is regarded as a promising alternative and help sustain growing economies and lead to a viable development. At one point, every individual after the completion of their studies would be striving hard discovering for opportunities to get a job in the government or a corporate sector thinking that their life would be settled and if they don’t acquire so, they would be distressed about their career. So one of the major challenges faced by most of the countries is unemployment. But now the tables have turned and individuals pursuing their studies on one hand have also started framing opportunities for themselves in accordance with the field that fascinates them, which could be on a small scale. Working towards Youth Entrepreneurship programs can aid solving problems that are currently challenged by the countries and could pave way for a better future.

In the mean time the hobbies have evolved into professions. For instance if a person is good at artistic works and drawing portraits he gets into the sphere of vending personalized gifts through online platform. The teenage girls who have been doing henna designs for their set of family for various get togethers are now online providing their work for many brides out for marriages. There are many blooming fashion designers who have been just designing costumes for themselves before, but then through the help of digital platforms and social media have started their own clothing line. Blogging, publishing own books, teaching online courses, launching podcasts, handmade goods, thrift stores, freelancing, web development, baking & selling pastry items and we can just bundle up examples about the several establishments of the budding young entrepreneurs.

Inspiration has nothing to do with the age factor. People who do quality and consistent work can inspire many and here are such inspirational young entrepreneurs who have given rise to very successful and engrossing start ups .

Ritesh Agarwal is a smart young man behind the OYO rooms and he is the founder and the CEO of the same. He is the world’s second youngest billionaire in 2021.

Sreelakshmi Suresh is a web designer holding the titles of World’s Youngest CEO and World’s youngest web designer. She started meddling with computers at the age of 3, started designing at 4, and came up with her first website at the age of 6.

Tilak Mehta , a 15 year old boy founder of Paper n Parcel is the World’s Youngest entrepreneur who made Digital Courier company with the help of ‘Mumbai Dabbawala’ and he was awarded Global Child Prodigy 2020.

Trishneet Arora is the founder and CEO of TAC security, a cyber security company. He has written books on cyber security, ethical hacking and web defence. He started his own company at the age of 19.

Akhilendra Sahu is a young serial entrepreneur form India. He is the founder and CEO of ASTNT technologies Pvt Ltd., He was 17 years old when he started his career as a freelancer. He ranked on India’s top 10 young Indian entrepreneur $ top 10 young digital influencers.

Aditi Gupta is an Indian author and co-founder of Menstrupedia Comic. Menstrupedia provides a user-friendly guide to menstruation, hygiene and puberty and break myths associated to them.

Entrepreneurs are the cluster of individuals who are reluctant to be one among all and frames out some innovative roadmaps to stand out form others, who defy to stick to the conservative thinking and wants to be out of the box. The three important keys that a budding entrepreneur should know are, PROMOTE NEW IDEAS, ACCELERATE ENTREPRENEURSHIP AND INVEST IN STARTUPS USING YOUR INGENUITY. Technology has enabled progress in all fields. The digital platform plays a very pivotal role in the upliftment of the young entrepreneurs and boosts the inner entrepreneurship in us. The world is been swamped with countless possibilities and opportunities. When you become certain about what you need you get a step closer to success and cling on to both hard work and smart work. To become a successful entrepreneur be hungry and ambitious on your goals. To persist in the same domain willpower, assertiveness and perseverance are very vital because every field is indulged with risks. Never halt in the career with the same mindset you started with, evolve with time. Aspire to inspire people!!!

Inventory control and valuation

With the advancements and introduction of new and efficient techniques of inventory control and valuation, it is essential for every business to keep up and adopt these methods to improve their profitability and efficiency.

What is Inventory control and valuation?

Inventory control is the process of maintaining sufficient stock of raw material and ensuring the continuous process for uninterrupted production schedule. The main objective is to avoid overstocking or understocking. It is essential to do so because:

  1. Overstocking leads to higher costs of holding the inventory
  2. Understocking acts as a hindrance to the production process and interrupts the flow

It reduces wastage and cost by allowing the enterprise to purchase raw material economically by purchasing the exact number of units needed for production at the time.

There are two commonly used inventory control techniques- Just in time Approach (JIT) and Economic order quantity (EOQ).

  • Just In Time (JIT) Approach: This approach focuses on increasing efficiency and minimizing inventory. This is done by aligning the raw material orders directly with the production schedules on an as-needed basis. It ensures minimal wastage of material and reduces storage cost as well. However, it relies on steady production, high-quality workmanship and most importantly, reliable suppliers. It can be used for items that are not essential for daily production and are not needed in huge quantities. For example, machine spare parts.
  • Economic Order Quantity: This method focuses on determining the number of units to be purchased at one time which ultimately reduces the ordering and carrying cost of the company. Ideally, it is used when demand for a particular input is constant throughout the year. This method is ideal for placing orders for raw material that is needed in huge quantities and is a common ingredient or material required in the production of various goods.

Inventory Valuation is the process of determining the monetary value of the inventory with the company. The value is ascertained on the basis of the cost incurred to acquire to inventory and get it ready for sale.

It is essential that the value of the inventory is accurate as it-

  • is used to determine Cost of Goods Sold (COGS) and Gross Profit for the year.
  • helps in ascertaining the financial position of the company
  • allows companies to maintain accurate records and gives a realistic picture

There are several methods of Inventory Valuation-

  • First In First Out
  • Last In Last Out
  • Weighted Average Method
  • First In First Out: This method is based on the premise that the first inventory purchased is the first to be sold. It is one of the most common methods of inventory valuation used by businesses as it is simple and easy to understand. Unfortunately, the FIFO model fails to present an accurate depiction of the costs when there is a rapid hike in prices.
  • Last in First Out: Under this inventory valuation method, the assumption is that the newer inventory is sold first while the older inventory remains in stock. This method is hardly used by businesses since the older inventories are rarely sold and gradually lose their value. This results in significant loss to the business.
  • Weighted Average Method: Under the weighted average cost method, the weighted average is used to determine the amount that goes into the cost of goods sold and inventory. It is the most efficient method and gives a realistic picture of the inventory value.

It is essential to weigh the pros and cons of the inventory valuation and control methods mentioned above and choose the ones that would give the most realistic and accurate picture of the company’s inventory according to the nature of the business operations.