research Archives

Research: Key To A Productive Project

January 20, 2022 by Dipak Singh

Before starting a business it is important that an entrepreneur does the required research regarding the market, feasibility of his business, the marketability of his product, etc. Research is a powerful tool used to gauge market conditions and understand the viability of a business. Many businesses have a very marginal profit and hence cannot splurge on advertisements, hoardings, and other publicity material. Hence, research is the most effective tool to check the practicality and profitability of a project. Information can be very powerful when you are looking to launch a business in a relatively unknown market. Through a methodical research plan, business owners can make the maximum out of their business.

Feasibility
It is always wise to first test the waters before making a nosedive. Through organized research in the required fields, a business owner can gauge the profitability of his idea. A research report will give him all the information he needs about the consumer profile, the market conditions, the competition and its network in the market, sustainability, etc. If this information is positive, an entrepreneur can use the information gained for further analysis and design his products in a manner so as to cater to the needs of the consumer. If the results are negative, the entrepreneur can still analyze the results and look for another way to enter the market. In this case, he will be more informed after getting the research results and will know exactly how much he should invest in his attempt so as to avoid running into losses.

Market Conditions
The viability of a business differs from market to market. Each market has a different consumer profile and their needs and preferences vary. Through market research, you can understand your customer’s needs exactly and then tailor your product to suit their needs. Established business owners can also conduct market surveys from time to time to understand the dynamics of consumer needs. A businessman who is well aware of the changes that his clients require will make good use of this knowledge to make his business even more profitable. There are organizations that conduct this research through surveys. A business owner can also review his performance and compare it with his competitors through the information acquired.

Competition
When entering unknown territory, it is best to be informed about the strength of the opponent. Market research can tell you how much the presence and visibility of the competition are. The information will tell you exactly who the major players are in the sector, what are their most popular products, what are techniques they use to maintain their customer’s loyalty, and how much their turnover is. Many research organizations buy products of the competition and give you a firsthand review. You can use this information to upgrade your products and make them more appealing to the audience. The research will also tell you where your competition is weak and you can then use this to your advantage.

Development
As said earlier, information is a powerful tool. You can use it in any way to overtake your competition. With the information you get from a research report, you can now develop a product that is much better in terms of quality and service, you can also venture into areas where your competition is weak, etc.
With a market survey study, you can always stay ahead of your competition. Being aware of the changes in your sector will also give you an edge over your competition and you will be prepared for any surprises at all times.

Nurturing Your Depleting IQ

January 21, 2022January 15, 2022 by Dipak Singh

Intelligence Quotient (IQ) is built on the parameters of mental flexibility as well as the speed of comprehension that an individual possesses. Through research, it has been observed that a man in the age group of 30-35 years has an average IQ of 100. The research findings also include that a man naturally gains 3% more IQ every decade. Possession of a good IQ is quite important today as it directly affects the educational institution and job opportunity that a person may be applying for.

5 Simple Steps to boost your IQ Levels

Here are some simple steps that can be followed for the betterment of IQ. These include:

Exercising
Food Supplements
Meditation
Healthy Vegetarianism
Brain Storming Games

Let’s discuss these simple steps that can boost your IQ level.

1. Exercising

The saying ‘A healthy mind stays within a healthy body’ is backed with enough biological facts. Exercise increases the blood flow through the body and also through the brain. This stimulates the production of new brain cells thereby leading to enhancement in IQ. It has also been observed that people in the habit of exercising stay more active and stress-free as compared to those who don’t and thus, they are the ones to possess higher levels of intelligence quotient.

2. Food Supplements

There are a number of food supplements that can help enhance IQ. The reason is that some food products or supplements stimulate the brain cells to grow in a better manner thereby leading to increased concentration and better performance. Some of the most common supplements include:

Omega 3 Fatty Acids: Known to improve memorizing capabilities of individuals
Creatine: Has shown improved results in enhancing the performance of the brain
Ginkgo Biloba: This supplement is known to improve the attentive component in individuals and helps them keep focused on their activities
Caffeine along with L-theanine: These supplements when used in the perfect combination tend to enhance the performance in challenging tasks.

3. Meditation

Meditation comes with a lot of benefits including release of stress, improvement of mood, and the development of better concentration capabilities. Transcendental meditation is the correct form of meditation that is required to enhance IQ. This process involves sitting down with one’s eyes closed and focusing on a specific mantra. This kills the other noises in the brain and enables you to focus on just one thing at a time. This enhances the IQ as the person develops the ability to think straight to the target rather than focusing on the surrounding noises in the brain.

4. Healthy Vegetarianism

Consuming a diet filled with healthy nutrients can be quite beneficial in increasing IQ. Proper diet contributes to better health, long life, and activeness. It has been observed through research that individuals who follow a healthy vegetarian diet up to the age of 30 years tend to hold an IQ of 5 points higher than those who consume a non-vegetarian diet.

5. Brain Storming Games

It is a fact that the human brain needs exercise in order to stay healthy and active. Puzzles, crosswords, and Sudoku are some games that prove to be quite effective in exercising the brain. Monotonicity is one big reason why people feel bored and inactive. So, make sure you introduce variations in the games that you play. When you become an expert at puzzles and Sudoku, try to go for chess and crosswords. If you are conversant with that as well, you can try cryptography games which require breaking a code and decoding a message that is hidden in a complex form. The levels can keep on increasing as you are able to easily get through the initial stages. Just try to give your brain something challenging to do each day and it is sure to enhance your IQ.

All the above-mentioned techniques can be easily included in the day-to-day schedule and thus, nurturing your depleting IQ can be rather fun. Besides, all these above-mentioned inclusions are likely to contribute to better health and alertness.

Supply Chain Management And Its Career Benefits

January 18, 2022January 14, 2022 by Dipak Singh

The continuous growth in logistics makes a good supply chain quite imperative. For almost any kind of trade or service to take place, there is a requirement of movement of merchandise or goods. This requirement shows no signs of ever going down; if anything it is spiking dramatically. The term ‘Supply Chain Management’ stands for the process of physical management of business goods from procurement to storage and transportation. The key lies in the safe handling of the merchandise from end to end. It creates a chain between the producer, supplier, and distributor. It is often described as “Supply chain management is interested in everything that happens to a product from cradle to grave.”
It is a rather upcoming industry in India and has a bright future. The estimates are reaching figures like a hundred billion dollars in the coming three-four years. Companies like Wal-Mart have made it a strategic imperative for the business. This industry is growing at a rapid pace and changes are being introduced at a steady pace to make it more profitable and efficient.
Benefits of this career
An increasing number of companies are creating space within their infrastructure for this department and various posts closely related or directly pertaining to Supply Chain Management which gives you that extra edge on the desirability part.
Supply chains are being initiated and strengthened globally and an increasing number of educational institutes are now offering Bachelor’s and Masters’ Courses in Logistics and Supply Chain Management.
Most companies are steadily reorganizing around supply chain management and the supply chain manager positions are becoming increasingly available.
You can easily target large-scale companies since their logistics and supply chain requirements are huge and steady.
It is relatively easy to rise in this core industry as the competition is not that tough just yet.
Even in times of recession, this one industry cannot afford to slow down, so chances are that you will be able to sail through it all.
Shipping and Aviation are two large sectors that use this expertise and knowledge extensively and both are good paymasters.
All the recent studies and research point to an imminent boom in this particular sector.
Since this is a relatively new area of expertise you can make your mark and prove yourself rather easily and won’t have to fight of hordes of competitors for the same slice of the pie.
Caution
Most firms have established their own Supply Chain Management Programs and tend to recruit from their own pool.
Since the market is low the companies are asking for industry and functional experience even at entry-level jobs in some cases.
Make sure that the certification that you are going for is acceptable in the market
Certifications are not really required but proficiency in Enterprise Resource Planning and software packages like SAP, Oracle, and i2 can really enhance your chances of growth in this sector.
The overall outlook for the future of this industry is pretty robust, all you need to do is go for the right course and company to start your career in Supply Chain Management.

Options To Continue Studying After PhD

January 14, 2022 by Saral Study

The study is one such thing that has no end. Despite the fact that we all think that getting a Masters degree or a PHD is good enough and is the end of studies, this does not hold true all the time. Gaining knowledge is a never-ending process. What is the proper way of gaining good knowledge? It is not just the basic schooling and colleges. In fact, it is about gaining knowledge to the maximum.
It is a misconception that PHD is the last step of one’s career. People believe that if anyone has done a PHD, then no further studies are required but that is not correct to some extent because there are some different courses that can be pursued even after this degree. Here are some good career options after a PhD:
Further research studies
Further research can be undertaken after the completion of a PhD. It is true that PhD is the highest level of research work but there is also one year advanced research program in specific areas where candidates can dig even deeper into a certain subject and come out with something really valuable. This course is the best choice for candidates who feel like they can find something distinctive in their field of excellence if they have more time to devote to their research.
Postdoctoral Program
This is quite a common and a popular program after PHD because earning a Doctorate degree is a big thing. Some exclusive features of this program are as mentioned below:
A postdoctoral program is quite an effective career option after a PhD because it is the one thing that is likely to make your research more lucid. It is a step ahead of my PhD. After completion of the program, one will feel more independent in taking up a project as he or she will be able to take the whole responsibility of the project.
The responsibilities are increased and even the workload increases at this level but your position will also upgrade and a number of students will work under you. Managerial skills are developed because managing a whole team and the entire project requires a lot of skills. This also involves handling of quite a prestigious work i.e. representing the University’s research or various research papers at the National and International committees.
Professional Training
Another option for studying after PHD is to opt for some professional training that can give you a chance to go for some other career option like any postgraduate degree in any subject or the subject that is related to your PhD as it will increase your knowledge. This option is however suitable when a change in the career stream is desired.
One can also take a degree in Law because knowledge of Law will make you aware of your rights and can be helpful in taking various part-time job opportunities. It is the only field that does not require a specific subject in school and is also a good career option. Accounts or finance are other options that can be taken up at this stage as these are essential requirements for a good business. If you are a master of finances along with strong knowledge and practical experience in your domain, you can also start your own business.
Other options
You can also go for some vocational training in social work or can join an NGO or any social work organization along with their work. This is an amazing option because you will learn new things daily and can also continue with your PhD career option. This is will give an opportunity to learn about the people of various cultures and how social problems can be tackled.

Research: Key To A Productive Project

Nurturing Your Depleting IQ