Monday, July 28, 2008

Medical Distribution - Margins from 100% to 1200%

I heard that the margins in Medical retailing are quite higher owing to multiple layers and even Doctors that prescribe a medicine gets their own commissions. But I never had a clue of how much the effective total margin would be for the whole distribution chain.

While I was searching for multi-vitamin capsules sold in India for a price comparison and hit the page at Ind-Swift Healthcare  where the firm mentioned the MSRP and price to super stockist (or the first level distribution as per my understanding).

The prices vary for different items. Injectable are the lowest, where MSRP is just about 50-100% higher than the super stockist price. But when it comes to tablets and capsules, the margins are as high as 1000% to 1200% and some nutrients are still higher.

Can't believe? Check for youself here :  IndSwift

No wonder, Doctors always prescribe a certain medication for a variety of choices.

DFW Hindu Temple

photo


This post was published from my iphone using the new wordpress app on iPhone. App is pretty cool, though very elementary.

Saturday, July 19, 2008

Who Failed? Companies or Analysts? And Who gets punished?

When a sprinter runs the race and win a gold medal despite a whole bunch of odds, but misses the commentators expectations by 1/100th of a second, who is wrong? The commentator? or the athlete? Who should get punished? Do we respect the athlete for his/her performance or based on how commentators view the whole event?

In the wall street, always, the athlete gets punished. Even when they miss, Analysts continue to sell their reports and analysis, by writing why companies did not meet their expectations. What a spin?

Does every investor in Wall Street do their own due diligence and trade stocks or do so based on TV Shows and projections from salaried Analysts that write reports. When Analysts forecasts are not met, why media always points to the company and say the company failed. Why don't they even doubt the analyst's report that report missed the projections.

Company Results: Google net income grew by 35% to $1.25. 

Wall Street Reaction: Google, You missed my projections, You failed. Shares fall by almost 10%

On Friday, Google announced its results for the second quarter. Despite the falling markets and thrifty spending by many companies, Google racked up its income, an increase of 35%.

Google’s net income grew 35 percent, to $1.25 billion, or $3.92 a share, compared with $925 million, or $2.93 a share, in the second quarter of 2007. Revenue climbed 39 percent, to $5.37 billion, from $3.87 billion a year earlier.

Google Earnings Are Below Forecasts, and Shares Fall - NYTimes.com

Company: Citigroup reports $2.5B in losses

WallStreet Reaction: Citigroup, you missed my projection too. You failed. I am surprised. Shares of Citigroup rose $1.38, or about 8 percent, to $19.35

For the quarter Citigroup lost 54 cents a share, and reported write-downs of $7.2 billion on its investments. On the consumer debt front, the bank also announced $4.4 billion in net credit losses and $2.5 billion to increase credit reserves.

NYTimes Article

Thursday, July 17, 2008

Software Developer Ad: Any clue who are they looking for?

Its very funny to look at job advertisements for Software Developers, particularly in the enterprise. Many times those requirements look like are actually written by completely non-technical business managers, who have no clue about what they really need.

And its quite shocking that many IT consultants garnish their resumes to fit to that profile. They get short listed, interviewed and selected to work on those projects. Something, I have been trying hard to understand, but so far, clearly running out of luck.

See a sample requirement I just received:

The requirement says they need an experienced IT Professional with 10 years of solid IT development experience with the following skill set:

"Development Life Cycle, C++, Oracle (SQL & PL/SQL), Java (JDK 1.4/1.5), J2EE , Servlets, JSP, JDeveloper, Client/Server, Intranet, Internet, Multi tier enterprise applications, CVS, UNIX, Oracle Application Server, Twiki, Windows & Unix OS, JDBC, HTML, UML, XML, XSLT, HTML, XMLSpy 3.5 Tools, Schema, HTTP & JavaScript.

Any clue, who are they looking for?

Tuesday, July 15, 2008

Notable Thoughts : Startup Wisdom, Better UI and Talent Crunch in Indian Starups

Here is a snappy does of Startup Wisdom.

Excellent analysis on UI. After reading this article, I looked around in my car, what kind of UI the car designers created that made driving so fun and effortless. They definitely looked at pragmatics rather than naive or new user. Once the glamour is gone, the pragmatics is what keeps user sticky.

I can't believe, there are 500-600 startups coming up every year in India?


Learning from "bad" UI
Following fashion and the status quo is easy. Thinking about your users’ lives and creating something practical is much harder.

The Future of the Startup Workforce : OnDemand Talent?
So according to one entity’s claim, there are 800 startups in Bangalore. I know that as part of tracking startups, we see an average of about 500 - 600 new startups coming up every year, and these are just in the Technology space, and product focused.


The early days: How 37signals built buzz out of the gate
When 37signals first started out, we didn’t make products. We did client work. From the beginning, we allotted plenty of time for side projects. Things that would get us attention (eNormicom), experiments with new ways of selling our services (37express), ways to show off our design thinking (37Better Project), etc. Here are a few of the key non-client projects that enabled us to build up an audience before we launched Basecamp:

N.B.A. Believes India Could Be Next China

I am pretty sure, this franchise based promotion of a game will workout in India too. Since Basketball needs very minimal infrastructure, quite smaller grounds, I guess it fits better to Indian environment. 

The N.B. A. is planning to introduce basketball to India and expand its global reach into a country with a soaring economy and a growing appetite for Western tastes.

Source: N.B.A. Believes India Could Be Next China

Friday, July 4, 2008

Notable Thoughts For the Weekend

A thought which does not result in an action is nothing much, and an action which does not proceed from a thought is nothing at all” - Anonymous. Few notable thoughts that are worth sharing and spreading.


India, the superstar
Think India presents India as a balanced, open vista where everything can be a success owing to democratic outlook, intelligent and educated manpower, and high end manufacturing strength. The authors paint a factual picture of the current economy with its high points as well as baggage of the economic and social gains that are making India a substantial economic power to be reckoned with. It analyses the current scenario and extrapolates as to how and why India could or would be an economic superstar.


Indian outsourcers gaining global share: Gartner
According to Gartner, the top six Indian offshore service providers, including Satyam, Wipro, Infosys, Tata Consultancy Services, Cognizant and HCL Technologies, accounted for 2.4% of the total worldwide IT services market last year as compared to 1.9% in 2006.


The MBA myth
For people who love what they do, whether that’s programming, design, designing watches, or building cars, that’s a great motivation to not grow your company too quickly. Enjoy the time when you can actually be a full participant in the actual activities themselves, rather than just managing them


Alaska Airlines saves millions by rethinking check-in flow
The airline studied theme parks, hospitals, and retailers to see how they handled similar situations. Then, the team built mock-ups in a warehouse using cardboard boxes for podiums, kiosks, and belts in order to find ways to increase efficiency.

Thursday, July 3, 2008

JK Rowling: The Fringe Benefits of Failure

Its just amazingly vivid, how a failure can help you grow. I love it. Here are a few excerpts. At the link below you can watch a video and download the MP3 as well.

J.K. Rowling Speaks at Harvard Commencement : Harvard Magazine
J.K. Rowling, author of the best-selling Harry Potter book series, delivers her Commencement Address, “The Fringe Benefits of Failure, and the Importance of Imagination,” at the Annual Meeting of the Harvard Alumni Association.

Few excerpts:

"There is an expiry date on blaming your parents for steering you in the
wrong direction; the moment you are old enough to take the wheel,
responsibility lies with you"

"failure meant a stripping away of the inessential."

"some failure in life is inevitable. It is impossible to live without
failing at something, unless you live so cautiously that you might as
well not have lived at all - in which case, you fail by default."

"

Failure gave me an inner security that I had never attained by
passing examinations. Failure taught me things about myself that I
could have learned no other way. I discovered that I had a strong will,
and more discipline than I had suspected; I also found out that I had
friends whose value was truly above rubies.


The knowledge that you have emerged wiser and stronger from setbacks
means that you are, ever after, secure in your ability to survive. You
will never truly know yourself, or the strength of your relationships,
until both have been tested by adversity. Such knowledge is a true
gift, for all that it is painfully won, and it has been worth more to
me than any qualification I ever earned."