India’s Economic Development: Plans, NITI Aayog, and Agriculture
1st Five Year Plan (1951–1956)
Focus: Agriculture, irrigation, and price stability
Objective: Recover from partition and post-independence economic crisis
Result: Successful, with 3.6% growth (target was 2.1%)
2nd Five Year Plan (1956–1961)
Focus: Industrialization – heavy industries
Model: Mahalanobis model
Key Feature: Public sector-led growth
Result: Mixed, growth was 4.27%
3rd Five Year Plan (1961–1966)
Focus: Agriculture, industry, and education
Challenge: War with China (1962) and Pakistan (1965)
Read MoreTrade Dynamics: Features, Growth, and Spain’s Economic Landscape
Global Trade Dynamics: Features & Growth Drivers
Key Features of Modern Trade
- High concentration of demand in urban and industrial areas.
- Growing specialization of trade to meet this demand.
- Marked increase in total trade volume, encompassing all kinds of products, even those with very low prices or bundled. Trade has become a global activity.
- The economic importance of trade has spurred studies to understand demand trends and preferences, aiding in logistics for production planning, transport, storage,
Retail Management Strategies & Store Operations
Retail Management Essentials
Retail 1: Distribution & Store Fundamentals
Modes of Retail Distribution
- Retail (Direct Channel)
- Wholesale (Indirect Channel)
- E-commerce
- Omnichannel Distribution
The Pivotal Role of Physical Stores
The store plays a fundamental role in the creation of the customer experience journey. It is nowadays considered a real temple for the company, where brands communicate values and provide experiences.
ROPO: Research Online, Purchase Offline
It reflects today’s customer preference:
Read MoreEssential HR Manager Functions & Skills
HR Manager Responsibilities
1. Recruitment and Onboarding
- Utilize Technology
- Implement Formal Mentorship and Coaching
- Facilitate Socialization Opportunities
2. Tracking Employee Leave and Attendance
3. Processing Salaries and Remuneration
4. Defining Workplace Policies
5. Organizational Structure and Planning
6. 360-Degree Performance Management with HR Analytics
- Collect Feedback
- Make Feedback Helpful
- Analyze Results
- Support Growth
- Conduct Ongoing Reviews
7. Training and Development
- Assessing Training Needs
- Setting
Essential Business Practices for Construction Professionals
Prioritizing Materials for Residential Building Projects
Effective material management strategies include, but are not limited to:
- Understanding Construction Sequencing: This is a fundamental and challenging activity in the management and execution of construction projects, dictating when materials are needed.
- Knowing Delivery Timelines: Not only understanding A.M. or P.M. delivery slots but also at which specific stage of the project materials are required.
- Site Access and Placement: Assessing the
Strategic Investment and Capital Budgeting for Business Growth
Investment Decisions
Investment decisions, also known as capital budgeting decisions, are critical choices businesses make about allocating resources to long-term assets. These decisions significantly impact a firm’s growth, profitability, and market standing. They involve assessing potential projects, estimating future cash flows, and evaluating associated risks. The primary objective is to select investments offering the highest returns while minimizing risks.
Cost of Capital: A Brief Introduction
The
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