The Entrepreneur's Dilemma: Case of TMT Toughened Glass Pvt. Ltd.

2013 ◽  
Vol 17 (02) ◽  
pp. 225-241 ◽  
Author(s):  
Manu Amitabh
Keyword(s):  
Float Glass ◽  
Product Line ◽  
Annual Growth Rate ◽  
Toughened Glass ◽  
Processing Industry ◽  
Compound Annual Growth Rate ◽  
Glass Processing ◽  
Innovative Solutions ◽  
Economic Boom ◽  
High Level

TMT Toughened Glass Company is in the glass processing industry. This industry requires a high level of innovation and expertise to process glass which is a very fragile and unworkable material. Customers typically want complete and technically sound solutions to their security, structural, design and architectural needs where glass is a material of choice. Shiv Prasad, the Managing Director of TMT Toughened Glass Company Pvt. Ltd., likes to call himself a “Glass Fabricator” and has been the pioneer in finding innovative solutions to glass processing needs in India. Tempering is the core process in this. Manufacturers of float glass are the suppliers and real estate developers and builders, automobile manufacturers and industrial appliance manufacturers are its buyers. Growth in this industry has been fuelled by the economic boom in India. The industry is largely unregulated. The number of players in the industry has increased to 40 in the same period from a mere 10. While the demand in the glass processing industry is growing at a steady rate of 30%, the capacity is growing at a compound annual growth rate of almost 80%. Prasad's competence is in engineering and design innovation. The dilemma he faces is whether to carry on with his time-tested strategy of innovation led growth or follow what other industry players are doing. Prasad has the option of concentrating his resources on doing what he does best — finding innovative solutions to the glass processing needs of his customers. The central question for Prasad is how to ensure that TMT Toughened Glass outperforms others on a sustained basis. Out of several options, this case explores the option of expanding the product line to include processed glass for the passenger car segment.

scholarly journals Comparison of Selected Public Sector Banks in Different Aspects by using CAGR Method

2020 ◽  
Vol 8 (2S12) ◽  
pp. 77-83
Keyword(s):  
Growth Rate ◽  
Financial Institutions ◽  
Banking Sector ◽  
Balance Sheet ◽  
Maximum Growth ◽  
Vital Role ◽  
Maximum Growth Rate ◽  
Annual Growth Rate ◽  
Compound Annual Growth Rate ◽  
High Level

Banking sector has a vital role in Indian economy and a great change came in it after nationalization. Nationwide, there are a number of branches of banks and financial institutions have opened. Presently banking sector is facing a high level competition. Banks or financial Institutions which have maximum profit are showing maximum growth rate. By optimization of the resources of banks, cost becomes minimum and profit becomes maximum. This manuscript is an effort to make a comparative study between SBI, PNB and OBC for total income, expenses, net profit, share capital, operating expenses, share holder funds, total reserves, earning per share, total liabilities, total assets and total investments from 2014-19. Year over Year (YOY) and Compound annual growth rate (CAGR) analytical methods are used. The main parameter of this study belongs to P&L and Balance-Sheet statement of the selected banks. This research paper will be very fruitful for banks, research scholars, investors (public), and society to understand about the above given parameters.

HFCL: valuing a high growth company

2017 ◽  
Vol 7 (3) ◽  
pp. 1-32
Author(s):  
Alok Kastia
Keyword(s):  
Stock Price ◽  
Manufacturing Industry ◽  
Intrinsic Value ◽  
High Growth ◽  
Subject Area ◽  
Product Line ◽  
Annual Growth Rate ◽  
Discounted Cash Flow ◽  
Content Type ◽  
Compound Annual Growth Rate

Subject area Finance. Study level/applicability This case can be taught in the Finance area as a part of the course on “Valuation” in a postgraduate program. MBA/EMBA/MBF. Case overview Himachal Futuristic Communications Ltd. (HFCL) discontinued all of its old products and entered into manufacturing of telecom products for mobile telephony and turnkey projects. This complete change in product line was like a re-birth for the company. HFCL grew tremendously between FY 2012 and FY 2015. Its sales grew from Rs 2,638m in FY 2012 to Rs 26,129m in FY 2015, an increase of 114 per cent CAGR (compound annual growth rate). HFCL stock price increased from Rs 11.75 in March 2012 to Rs 19.90 in September 2014 because of this tremendous growth. The stock price came down to Rs 13.35 in March 2015, as the market was sceptical about HFCL sustaining this growth. In March 2015, Choudhary, an equity analyst, was wondering how to value this high growth company. If somehow he could ascertain the intrinsic value of the stock properly, he would be able to appropriately advise his clients about the HFCL stock. Expected learning outcomes The case learning objectives are as follows: to scan the competitive landscape of telecom equipment manufacturing industry and gauge the competitive advantages enjoyed by HFCL; to size the potential market of the industry and predict the level of sustained profitability for HFCL; to develop multiple scenarios based on key drivers and compile projected financial statements for each scenario; and to value the company using the scenario-based discounted cash flow technique by assigning probabilistic weights to each scenario. Supplementary Materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 1: Accounting and finance.

scholarly journals Assessment of Exchange Options for Attracting External Financing by Small and Medium Businesses

2021 ◽  
pp. 549-563
Author(s):  
Elena Starchenko ◽  
Danil Verzhitskii
Keyword(s):  
Bank Loan ◽  
Direct Access ◽  
Sociological Research ◽  
Annual Growth Rate ◽  
External Financing ◽  
Processing Industry ◽  
Compound Annual Growth Rate ◽  
Wide Range ◽  
Medium Businesses ◽  
Exchange Options

Introduction. The choice and justification of options for attracting investments are relevant for the development of any organization. The research objective was to assess exchange-traded options for attracting investment by small and medium businesses in the food and processing industry. Study objects and methods. The research featured small and medium businesses in the food and processing industry and their exchange options for attracting external financing. The study was based on system, situational, structural-functional, and process approaches, as well as methods of comparative and factor analysis, grouping, and sociological research techniques. Results and discussion. The authors described, analyzed, and classified ways to attract external financing by small and medium businesses. Exchange-traded options proved to be associated with the circulation of securities that differ in liquidity, direct access to the owners of funds, and access to a potentially unlimited amount of investment capital. The authors analyzed the existing exchange infrastructure for the businesses under consideration and assessed their potential for issuing securities. Based on such indicators as Average EBIT Margin and Compound Annual Growth Rate (CAGR), small and medium food-related enterprises can issuer securities, especially exchange-traded bonds. Exchange-traded bonds demonstrated a number of serious disadvantages, compared to a traditional bank loan. However, issuers of securities receive guaranteed advantages, e.g. more flexible conditions for raising funds on the exchange, the right to state subsidies for the payment of coupon income, partial compensation for the costs of placing securities, the absence of collateral, a wide range of private investors, etc. Using some real cases, the authors evaluated the liquidity of exchange-traded bonds of small and medium businesses in the food and processing industry according to a number of indicators of profitability and liquidity of securities. Conclusion. Exchange options can be used to finance small and medium food-related businesses, based on the established ex-change infrastructure, government incentives, potential of the food sector, average EBIT profitability, and revenue growth.

Assessment of Gaming Practices and its effect on scholastic performance of medical students in India: A Case Control study. (Preprint)

2020 ◽  
Author(s):  
Deodatt Madhav Suryawanshi ◽  
Divya Rajaseharan 2nd ◽  
Raghuram Venugopal 3rd ◽  
Ramchandra Goyal 4th ◽  
Anju Joy 5th
Keyword(s):  
Medical Students ◽  
Case Control ◽  
Annual Growth Rate ◽  
Gaming Addiction ◽  
Gaming Disorder ◽  
Compound Annual Growth Rate ◽  
Internal Assessment ◽  
Assessment Scores ◽  
Scholastic Performance ◽  
Excessive Gaming

BACKGROUND Introduction: Gaming is a billion-dollar industry growing at a Compound annual growth rate (CAGR) of 9 %- 14.3% with biggest market in South East Asian countries. Availability of Low-cost smart phones, ease of internet access has made gaming popular among youth who enjoy it as a leisure activity. According to the WHO excessive indulgence in Gaming can lead to Gaming disorder. Medical students indulging in excessive gaming can succumb to gaming disorder which can affect their scholastic performance. Hence this study was done to assess the gaming practices and its effect on scholastic performance. OBJECTIVE Objective: 1. To assess the various Gaming practices and the Prevalence of Gaming addiction among medical students. 2. To study the effect of Gaming practices on Scholastic performance of medical students. METHODS Methods: The present study used a case control design where the 448(N) study participants were recruited using non probability sampling technique.91 (Nc) cases who were Gaming for past 6 months were identified using rapid preliminary survey .91 controls (Nco) who never played games were selected and matched for age and sex. Internal Assessment scores (%) of cases and controls were compared. Snedecor F test and Student t test were used to find out the association between the hours of gaming and internal assessment scores (%) and difference of Internal assessment scores between cases and controls respectively. Odds ratio was calculated to identify the risk of Poor scholastic performance. Prevalence of Gaming addiction was assessed using Lemmen’s Gaming addiction scale (GAS). RESULTS Results: Frequency of gaming (hrs) was not associated with the Mean internal assessment scores (p>0.05). Male students (cases) showed significant reduction in both their internal assessment scores (p<0.001,<0.01) whereas no reduction was observed in Female cases. A negative correlation was observed between GAS and internal assessment scores (r=-0.02). Prevalence of Gaming addiction using GAS was found to be 6.2% among the study population(N=448) and 31% among Cases (Nc=91).The risk of low scores was (OR =1.80-1.89) times more in cases than controls. CONCLUSIONS Conclusions: Excessive Gaming adversely affects scholastic performance in males than females.Awareness about Gaming addiction needs to be created among students, parents and teachers. Institutionalized De-addiction services should be made available to medical students. CLINICALTRIAL No

Australian Biotechnology: A 10-Year Study of Investor Performance

2021 ◽  
Vol 26 (4) ◽  
Author(s):  
Peter L. Molloy ◽  
Lester W. Johnson ◽  
Michael Gilding
Keyword(s):  
Drug Development ◽  
Global Financial Crisis ◽  
Critical Mass ◽  
Share Price ◽  
Annual Growth Rate ◽  
Compound Annual Growth Rate ◽  
Listed Firms ◽  
Investor Returns ◽  
The Global Financial Crisis ◽  
The Impact

A recent study assessed the investor performance of the Australian drug development biotech (DDB) sector over a 15-year period from 2003 to 2018. The current study builds on that research and extends the analysis to 2020, using a 10-year period starting 2010, to exclude the impact of the global financial crisis in 2008/09. Based on a value-weighted portfolio of all 41 DDB firms, the overall sector delivered a negative annualized return of -4.1%. Individual firm performance was also assessed using the compound annual growth rate (CAGR) in share price over the period as a measure of investor outcomes. On this basis 68% of firms produced negative CAGRs over the period, and of the 32% of firms that produced positive CAGRs, six firms produced CAGRs greater than 20% per annum and in three cases of recently-listed firms, the CAGR’s were greater than 50%. Overall however, the sector overall delivered very poor investor returns and despite a relatively large number of listed biotech firms, Australian biotechnology continues to be small and weak in terms of its contribution to global biotechnology industrialization. As such it lacks the critical mass to grow a robust bioeconomy based on drug development, which remains the standard-bearer of biotechnology industrialization.

A Study of E-Book Industry’s Cooperation in Taiwan

2012 ◽  
Vol 262 ◽  
pp. 223-226
Author(s):  
Tsung Yu Hao ◽  
Li Yi Ma ◽  
Hsiang Jung Lee
Keyword(s):  
Research Method ◽  
Penetration Rate ◽  
Book Industry ◽  
Annual Growth Rate ◽  
Digital Products ◽  
Internet Service ◽  
Compound Annual Growth Rate ◽  
On Line ◽  
Internet Penetration ◽  
Hardware Industry

Purchasing the E-books from the on-line bookstore is the trend that Amazon created this business model successfully. Miniwatts Marketing Group (2010) pointed that the internet penetration rate in Taiwan has been reached 70%. Amazon and Barnes and Nobel both claimed the revenue of e-books exceeded the books in 2010. The compound annual growth rate is nearly 72% in year 2008–2013. Therefore, there is a great need to investigate the cross-industry of publisher industry, hardware industry, and internet service platforms to integrate the picture of E-book industry in Taiwan. The qualitative research method will be used to interview the managers in the related leading companies in order to understand the “how to do and what to do” between each other to promote the digital products. By gathering the information to gain the knowledge for the reference to the related industries to work closely to benefit each other and expand the business scope. It is absolutely helpful to create a comfortable reading environment to satisfy the readers’ various needs.

scholarly journals Embracing 3D Printing

2015 ◽  
Vol 137 (08) ◽  
pp. 42-45
Author(s):  
Mike Vasquez
Keyword(s):  
3D Printing ◽  
Three Dimensional ◽  
Product Line ◽  
Three Dimensional Objects ◽  
Clear Vision ◽  
Materials Used ◽  
Save Energy ◽  
High Level ◽  
Printing Processes ◽  
Lower Material

This article reviews the challenges for companies while adopting three-dimensional (3D) printing technology. A big challenge for companies figuring out whether they need to invest in 3-D printing is the different types of printing systems available in the market. At a high level, there are seven different families of 3-D printing processes. Each of the seven technologies is differentiated by the materials used and how the materials are fused together to create three-dimensional objects. Another barrier is that most companies have not yet found it viable to put the processes in place to incorporate the change in design, engineering, and manufacturing production that is required. Not only capital funds are needed to purchase machines, but to effectively use the technology to create a sellable product, one also needs to have a targeted product line and clear vision of the ways that 3-D printing can help lower material costs, save energy, and simplify manufacturing and assembly.

scholarly journals IMPACT OF COVID-19 ON MALAYSIAN E-COMMERCE

2021 ◽  
Vol 5 (4) ◽  
Author(s):  
Vinesh Raj S. ◽  
Meghna Gohain
Keyword(s):  
Small And Medium Enterprises ◽  
Annual Growth Rate ◽  
Potential Growth ◽  
Compound Annual Growth Rate ◽  
Market Outlook ◽  
Customer Services ◽  
The Government ◽  
Medium Enterprises ◽  
Almost All ◽  
Tremendous Impact

COVID-19 pandemic has made a tremendous impact all across the globe. It is clearly reflected in the ongoing lockdowns, closing down of almost all shops, restaurants and public transportations, surge of unemployment etc. all culminating into severe economic depression. Malaysia, also, has faced this hit of recession, depreciation, and unemployment to a great extent with the current pandemic situation. However, when everything seems to be crumbling, e-commerce appears to have found its golden break in raising its profit and contributing to the overall GDP growth of Malaysia. There are various factors that played into the booming of e-commerce owing to the current pandemic situation. Needless to say, the value of e-commerce in helping the depleting economy and just plain convenience for people to purchase essential commodities during lockdown cannot be denied. Even the government of Malaysia has been showing support by encouraging local Micro, Small and Medium Enterprises (MSMEs). E-commerce has the potential to become a major source of contribution to the country’s economy. However, it needs to ramp up their infrastructure regarding security, delivery, and customer services. Additionally, importance should be given to local businesses in order to empower the local e-commerce sector. This article aims to give an overview of the trend in the growth of e-commerce during the COVID era and its potential growth in the next four years based on Compound Annual Growth Rate (CAGR) and Statista Digital Market Outlook and the factors that have led to the boom in e-commerce in Malaysia.

scholarly journals Characteristics and Challenges of the Internet of Things in Entrepreneurship

2020 ◽  
Vol 43 (338) ◽  
pp. 27-34
Author(s):  
Lasma Licite-Kurbe ◽  
Athul Chandramohan
Keyword(s):  
Internet Of Things ◽  
Smart Cities ◽  
Health Sector ◽  
The Internet ◽  
Annual Growth Rate ◽  
Privacy And Security ◽  
Compound Annual Growth Rate ◽  
Industrial Iot ◽  
Analysis And Synthesis ◽  
The Internet Of Things

AbstractThe Internet of Things (IoT) is a computing concept that describes the idea of everyday physical objects being connected to the Internet and being able to identify themselves to other devices, and day by day it becomes popular in everyday life as well as in entrepreneurship. The IoT covers broad areas, including manufacturing, the health sector, agriculture, smart cities, security and emergencies among many others. The market for the industrial IoT is estimated to surpass 107 billion euros by 2021 and reach a compound annual growth rate of 7.3% as of 2020. The IoT makes an impact on all industries and provides benefits for various areas of business; however, business may be faced with some risks as well. The research aim is to analyse the benefits and risks of the IoT in entrepreneurship. The descriptive method, analysis and synthesis, the induction and deduction methods were used to achieve the aim. The research has revealed that the IoT can provide several opportunities for business in all fields of operations – marketing, logistics, accounting and human resource management. However, businesses may be faced with some challenges related to privacy and security, processing, analysis and management of data, as well as monitoring and sensing.

Authorship Pattern and Collaboration Coefficient of Library Professional’s Competency on Research Publications During 1999-2018: A Scientometric Analysis

2019 ◽  
Vol 9 (1) ◽  
pp. 85-89
Author(s):  
Nutan Gaud ◽  
M. P. Singh ◽  
Bhoopendra Singh
Keyword(s):  
Growth Rate ◽  
Doubling Time ◽  
The United States ◽  
Annual Growth ◽  
Scientometric Analysis ◽  
Annual Growth Rate ◽  
Authorship Pattern ◽  
Relative Growth ◽  
Compound Annual Growth Rate ◽  
Scopus Database

The present study aims to analysis authorship pattern and collaboration coefficient of library professional’s competency publications research from 1999-2018. The data has been downloaded by Scopus database. A total number of published articles during the period of study was 433 in the particular database on the topic of ‘professional’s competency’. The study examine various scientometric parameter such as authorship pattern, year wise distribution of publication, determine the annual growth rate and compound annual growth rate of publication, relative growth rate and doubling time of publication and so many. After the analysis, it is found that the highest 11.78% of an article published in the year 2015. The highest growth rate in 2000 and the lowest in 1999. The United States published highest 174 article and secured first place in top five countries wish distribution of the publication. Majority of the article is published by single authors is 171 articles during the period of study.

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