Grab’s Strategy for Global Growth and Risk Management
Grab’s Strategy for Global Growth and Risk Management
In the current global environment, Grab operates in multiple countries with different economic conditions, regulations, and cultural contexts. As a digital platform company, it is highly exposed to market volatility, regulatory changes, and shifts in consumer behavior. To remain competitive in any global situation, Grab must focus on adaptable growth, operational efficiency, and strong risk management.
First: Actions to Grow
- Diversified portfolio
IRDAI: Regulation, Powers, and Insurance Risk Concepts
The Insurance Regulatory and Development Authority (IRDA) Act, 1999, was a landmark piece of legislation that transformed the Indian insurance industry. It ended the era of government monopoly (LIC for life and GIC for general insurance) and opened the doors for private players and foreign investment.
The IRDA Act, 1999: A Regulatory Landmark
The Act was passed following the recommendations of the Malhotra Committee (1994). Its primary goal was to create an autonomous, statutory body to oversee the
Read MoreEntrepreneur Versus Manager: Key Business Organization Concepts
Entrepreneur Versus Manager: Key Differences
This section explains the fundamental differences between an Entrepreneur and a Manager (10 Marks).
| Basis | Entrepreneur | Manager |
|---|---|---|
| Meaning | Person who establishes a business. | Person who runs an existing business. |
| Objective | Innovation, risk-taking, profit generation. | Efficient operations, achieving set goals. |
| Risk | Takes high personal risk. | Low personal risk (risk is organizational). |
| Rewards | Profits. | Salary/bonus. |
| Creativity | High creativity; introduces new ideas. | Works within |
Understanding Business Operations and Export Planning
Business Fundamentals
Business refers to an enterprising entity or organization that carries out professional activities. It can be commercial, industrial, or others. For-profit business entities do business to earn a profit, while non-profit ones do it for a charitable mission.
The Business Environment
It’s the sum or collection of all internal and external factors such as:
- Employees
- Customer needs and expectations
- Supply and demand
- Management
- Clients
- Suppliers
- Owner
- Activities by government
- Innovation in
Mastering Advanced English Terms and Usage
Essential Vocabulary and Phrases
- quarter (4분의 1)
- unconventional (비전통적인)
- outward manifestation (겉으로 드러나는 징후)
- disordered chemical (이상이 생긴 화학 물질)
- generates (만들어 내다, 발생시키다)
- fit (건강한)
- resign (사임하다)
- embezzle (횡령하다)
- contender (경쟁자)
- exhibitor (참가자, 출품자)
- representative (대표, 대표자)
- autodidact (독학자)
- autonomy (자율성)
- on your own (스스로)
- are less likely to (~할 가능성이 더 적다)
- information
Essential Business and Finance Terminology for Professionals
Core Business and Financial Definitions
Commercial Documents and Trade Terms
- Invoice: A legally binding document that is sent after goods or services have been delivered.
- Pro Forma Invoice: Received before payment or ordering; often replaces a quotation.
- Accounting: Systems for recording and classifying business and financial transactions.
- Claims: Demands by customers of an insurance firm for reimbursement following an accident or loss.
- Turnover: The total business done by a company in a given period.