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Business Group Discussion – Methodology and Guidelines

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Business Group Discussion

What we are going to discuss in this article is a lot more important than the name suggests. We, as students, have held certain discussions for assignment help, in a group and fulfilled the task together. Even that is what is known as group discussion. Today, group discussions are widely used in the candidate selection process, along with interviews and personality tests. Read about Business Group Discussion below.

It tests a candidate’s ability to put forth his views among the other people and how he is able to work in a team as well as convince others of his points. Once the candidate goes through a series of tests, most of them are selected and are at equal footing.

In order to select the best among the bests, several other rounds of screening are held. Therefore group discussions are considered today as one of the important screening tests. They test the behavior and attitude of the selected candidates in order to check their suitability for the desired post.

To be more specific, a group discussion is more a technique than an entire process. It is actually a part of a personality test where a candidate’s abilities shine the brightest. These group discussions are designed as a situation test wherein the candidates ability to tackle a situation then and there and his or her potential are tested. 

Group discussions include almost every topic that you can think about. It ranges into a wide variety of fields. Thus there are several types of group discussions: 

  1. Topic-Based Group Discussions: In such a case topic is provided to a group in the form of a statement. The statement can be a complete or an incomplete one. The group is then asked to brainstorm on the topic and come to a consensus while the discussion is completed. Sometimes incomplete topics are provided to welcome the different innovative ideas by people that affect the creativity of the participants. 
  2. Case-based Group Discussions: In this case, instead of a statement, a situation in the form of case study is provided to the group. The group reflects upon the case, each member provides his or her inference of the situation at hand. These case studies are presented more in a problem solution manner. After analyzing the case and drawing inferences, the group members have to focus on solutions to the problems. 
  3. Article-based Group Discussions: These group discussions are held based on the article provided to the participants. The participants are asked to read the article provided. For this, they are given five to ten minutes. After this they hold discussion among themselves regarding the article and present different perspectives. The articles can be based on current affairs, academics, lifestyle and the like. The topics provided in this case can be classified as:
  • Knowledge-based topics: Such topics require a candidate to have prior knowledge about the issue before giving his or her views on the topic itself. For example: “Should India Promote QUAD”. In this case a candidate must have knowledge about what Quad is, about its history and how India became a part of it. These topics can be further classified into:
  • Social Issues: Here a topic related to the social issues are offered to the participants. These issues can be current or which existed in the past and candidates have to give their views on it as well as provide possible solutions. 
  • Political Issues: As the name suggests, these topics focus on the current political trends. Candidates brainstorm upon the current policies and offer critical views. 
  • Economic Topic: These topics adhere to the economy of the country or to certain other features of the economy. They are domain specific topic, not the general ones, thus a strict background in the subject is required.
  • Sports Topics: This is the most widely discussed issue among young adults today. Such topics are based on the sports-related events, like a cricket or football match and the like. 
  • Non-Knowledge based topics: Here, the topics provided do not need any prior knowledge of the topic. You just need to read the topic and give your views. For example: “Live-in should be permitted in India or not?” Since these topics are of a more general sense, they can be discussed by taking into consideration several clashing perspectives.  These topics may be exactly like topics for research paper writings- concrete as stated above or abstract ones like “A thing of beauty is a joy forever.

Knowing what a Group Discussion is all about, the things important to understand is that why should we have a group discussion:

  1. It helps the participants understand a subject more deeply since effective brainstorming and in-depth discussion on a topic facilitate the purpose.
  2. It improves the participant’s ability to think critically since his or her brain travels various spheres in order to add to discussion. 
  3. It helps the participants solve a particular problem by understanding it in a group.
  4. It helps sample participants to come to a particular conclusion and make a particular decision.
  5. It provides the participants a chance to hear other participants’ ideas.
  6. It improves every participants’ listening skills as they have to listen attentively to give their views.
  7. It increases the participant’s confidence in speaking and improves communication skills.
  8. It may also result in the change of attitudes of the participants.

While you are preparing yourself for a group discussion:

  1. Observe as many seminars and discussions as possible
  2. Keep practicing
  3. Allow others to speak
  4. Participate in the discussion actively and don’t just be a passive listener.
  5. Speak politely and don’t get aggressive while putting across your point. 
  6. Maintain a proper body language.

There are other factors too which contribute to a proper GD. These techniques can be used even when you are working very informally. Like a group gathered to work upon research paper writings or one gathered together for assignment help can also discuss certain points together and then complete their work. Hope you love reading about Business Group Discussion.

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Tips For Starting A Manufacturing Business 

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Manufacturing Business 

Are you thinking about starting a manufacturing business? There is always demand for high-quality products, but manufacturing can also be a challenging industry to succeed in. Not only do you have to compete against the more established manufacturers, but you will find that managing the daily operation can be a lot more challenging than a typical office-based business. With this in mind, this post will recommend a few pieces of advice for starting a manufacturing business that should come in handy and help you overcome the common challenges and succeed. Keep reading for a few suggestions for starting a manufacturing company.

Choose Your Niche Carefully

When first getting started, it is important that you choose your niche carefully, as this will have a huge bearing on your success. It would be best if you chose a business idea that will give you the potential to succeed, so it should be something that is in demand and not too niche. A few good options include:

  • Electronics
  • Pharmaceuticals
  • Industrial
  • Clothing and textiles

Once you have picked a nice, you need to spend time conducting market research to become an expert in this field and find ways to make your business stand out.

Calculate Startup Costs

Startups often fail within the first few years because they run into financial trouble. You want to avoid this by ensuring you have enough funding to get the business up and running and stay afloat until you become sustainable. Therefore, it is important to spend time calculating your startup costs and waiting until you have reached this figure before you get started. 

Invest In Quality Equipment

Following this, you want to ensure that you are investing in quality equipment to operate at a high level each day. This should include conveyor belts that are the right length, width, and material for your specific operation so that you can easily move products along the line and your team can work efficiently.

Keep Your Staff Happy

Speaking of your team, it is vital that you know how to keep manufacturing staff happy and motivated. Their performance will be critical to your success, so you need to make sure that you keep your team motivated and prevent staff turnover. This can be achieved through a relaxed work setting, goals and incentives, positive feedback, and career development opportunities.

Prioritize Health & Safety

In manufacturing, you also need to prioritize health and safety as this can be a hazardous industry. This will consist of things like carrying out a risk assessment, removing risk where possible, providing staff training, and providing access to PPE.

Hopefully, these tips will be valuable for anyone thinking about starting a manufacturing business. There is the potential for high levels of success in the manufacturing industry, but it can be challenging to start and run and quite different from a typical office-based business. This means that you need to know what you are doing and start off on a strong foot in order to succeed.

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What is securities lending?

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securities lending

Securities lending is a way of making money from your investments. It’s a process where you loan out stocks or other securities to someone else and receive a payment in return. This process can be a great way to generate additional income on your investments, and it can also help you reduce the risk of your portfolio. 

This article will discuss securities lending and how you can get involved. We’ll also cover the benefits and risks associated with these trading strategies. So if you’re interested in learning more, keep reading!

What is securities lending, and what are its benefits for investors?

Securities lending is loaning security to an investor or institution in return for collateral. The collateral is typically in the form of cash or another security, and the loan is typically for a short time, often just a few days. 

Securities lending can be beneficial for both lenders and borrowers. For lenders, it provides an opportunity to earn additional income on securities that would otherwise be idle. For borrowers, it allows them to gain security exposure without owning it. 

Securities lending can also help ensure that markets are more liquid by making it easier for investors to buy and sell securities.

How does the process work, and who can participate in it?

Securities lending is a process whereby one party loans securities to another in return for collateral. The collateral is usually cash, but it can also take the form of other securities. 

The party that loans securities is the lender, while the party that receives the loan is the borrower. To participate in securities lending, investors must have an account with a broker-dealer offering this service. 

Securities lending arrangements are typically made on a short-term basis, and borrowers are typically required to post collateral that exceeds the value of the loaned securities. This arrangement protects lenders against potential losses while allowing borrowers to gain access to desired securities without purchasing them outright.

Are there any risks associated with securities lending, and how can they be minimised?

Securities lending is the practice of loaning out securities in exchange for collateral. It is a common practice among institutional investors and can be a way to generate additional income. 

However, there are some risks associated with securities lending. 

The most obvious risk is that the collateral may not be returned. This risk can happen if the borrower defaults on the loan or the collateral value falls below the loaned securities value. 

The possibility that the borrower will not return the securities in precisely the same shape and condition they were received is also always there. It is essential to select borrowers carefully and to monitor loans closely. 

In addition, it is vital to have adequate collateral coverage. This coverage means that the value of the collateral should be significantly higher than the value of the loaned securities. 

What are some considerations when choosing a securities lending agent or programme?

When choosing a securities lending agent or programme, there are vital considerations:

  1. It is crucial to consider the fees charged by the agent or programme. Securities lending may be lucrative, but you must be sure you are not paying more in fees than you earn in interest
  1. It is crucial to scrutinise the quality of the collateral being offered. Some securities lending programmes accept only cash as collateral, while others will accept other assets such as stocks or bonds. The quality of the collateral will directly impact the risk of the loan.
  1. It is essential to consider the agent’s or programme’s reputation. When you are just getting started, make sure you do sufficient research on the different kinds of programmes available. When you are in doubt, you should make sure you are working with a reliable and reputable broker such as Saxo Bank Group.

What are some trends to watch in this area over the next few years?

The security lending landscape has undergone many changes in recent years, and the coming years will likely see even more upheaval. Here are some trends in the secured lending market:

The first trend is the increasing use of collateral management services. These services help investors manage their collateral better, becoming increasingly popular as the industry moves towards more complex products and higher values.

The second trend is the growing importance of data analysis. As the industry becomes more data-driven, investors are turning to data analytics to help them decide where to lend their securities.

Finally, there is an increasing focus on efficiency. Lenders are looking for ways to cut costs and improve performance with squeezed margins. This has led to increased use of technology, such as automation, to help streamline processes.

These are just a few trends likely to shape security lending in the coming years. As the market continues to evolve, so too will how investors lend their securities.

Finally

Securities lending is a process where institutional investors loan their securities to other market participants to generate additional returns. The loans are typically for short periods, and the borrower pays a fee for using the security. This process can help improve liquidity in the market and provide benefits to both the lender and borrower.

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Business

How to Attract the Top Talent to Your Company?

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Attract the Top Talent

Have you ever been to the point where you are ready to throw up your arms in despair when it comes to recruiting the top talent to your company? Sometimes you are driven to the point of contracting outsourced HR or recruiting companies but then you wonder is it really worth the expense? Maybe you would rather discern what you’ve been doing wrong and what you could do better to get the right individuals onboard. It may not be what you are doing wrong but rather what you could be doing that will attract their attention. Here are a few suggestions to start with.

1. Amazing Benefits Package

This is just one of the things you could be promoting when actively recruiting highly qualified professionals. The top talent will have their own specific requirements in mind before taking the first offer and that’s what you need to consider. One of the things that will attract the top talent is an amazing benefits package. While every company offers health insurance, sometimes being mandatory based on the number of employees, not all offer supplementary insurance that won’t take cash out of their pockets.

At this point, why not check out your options in supplementary health coverage here? Look for coverages such as supplemental vision, hearing and dental which a lot of plans don’t cover. Perhaps you’d like to find a flex package that provides health benefits such as a network of independent grocery stores and pharmacies for healthy foods and reasonably priced, if not discounted, OTC medications. Look for the most inclusive supplementary coverage and that will be something that will attract their attention.

2. Opportunities for Personal Growth

While you can’t always promise employees that they will be promoted over time, what you can do is give them stipends toward furthering their education and training. This may not get them into management positions, but it will give them a higher level of self-esteem. The better they feel about themselves and their personal achievements, the higher their performance will be. 

This will not only attract new recruits but will also serve to help you retain highly skilled and experienced professionals. Giving your employees an opportunity for personal growth is also one of the key attractions many recruits look for.

3. Emphasize a Supportive Company Culture

Another aspect that you should promote heavily would be your company culture of being supportive to your staff. You want to impress on recruits that you have a team-oriented company culture, and you operate much like a family during work hours. Everyone’s voice is important, and you believe in an open-door policy. With steps up the ladder, an employee has the right to discuss any concerns with their team leader, floor manager and all the way up to the company director if need be. 

A supportive company culture is not something all companies can boast. These are all things you can do with or without a recruitment firm, but they are all very necessary in your quest for the top talent. Once you’ve made your company more attractive than the competition, you will have little trouble attracting the attention of the individuals you want to hire.

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