D J Academy for Managerial Excellence

By Dr.R.Prabusankar   A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A blockchain is a chain of blocks that contain information. Digital assets are distributed instead of copied or transferred. The asset is decentralized, allowing full real-time access. A transparent ledger of changes preserves the integrity of the document, which creates trust in the asset. A centralised Cryptocurrency relies on a third-party cryptocurrency exchange — a platform where you can buy or sell digital assets. With a decentralised cryptocurrency such as bitcoin, the exchange is built into the system. These cryptocurrencies run on distributed-ledger technology, meaning that multiple devices all over the wo...

 By Mr.N Sreeraman We must identify and understand the problem, before finding the solution. When we speak about problems faced by a nation, war and famine hold the top position. As time progresses we are faced with newer and even deadlier problems, but we fail to acknowledge them. 1.3 billion people reside in India. Among them 180 million (14%) are undernourished. Most of them are under the poverty line and to eat at least one meal, they have to work the whole day. Also, among them 360 million (28%) are obese. Most of them are above the poverty line and can eat at any time of the day. For one person who is mal-nourished, there are two people who are obese. Worldwide the deaths caused due to famine are also equal to the deaths caused by obesity and problems related to it. Now, what will you do the next time you go out? Will you eat an extra burger or donate that money to poor people? Note: Donating the money will save both you and them. 1.3 billion people reside in India. Among the...

 By Ms.M.N.Viveka The Covid 19 has brought a new normal where it altered the age old saying “ If it isn’t a fat wedding, it isn’t an Indian wedding”. Indian wedding industry was a prey to Covid. The pandemic of course took a toll on the usual customs and rituals of a marriage. The large gatherings of the family members, making feasts, the extravaganza an Indian wedding was all lost due to the lock down. It was also a blessing in disguise, with the restrictions on the number of guests for the wedding; Budgets are reduced, one could cut the cost of otherwise throwing a lavish party at big marriage halls & other related aspects to satisfy the societal expectations. The other phase is that people who never thought of their wedding in another three to four years are actually getting hitched at the earliest, only because they wanted to save their holidays & money. On the other side people who actually wanted to get married and show case their wealth by spending much on the weddi...

 By Dr.P.Sangeetha Over the past decade, much has been made of the advent of Industry 4.0. While experts argue over what stage of technology we are in, the majority agree that Industry 4.0 began with the arrival of the Internet and mainstream digital technology. The question to be asked is how Industry 4.0 differs from the other revolutions that took place before. The answer is quite simple, it is all about implementing automated manufacturing processes to increase productivity without compromising in the quality and quantity with zero wastage. We are in a period of profound change right now. COVID-19 has caused radical shifts in the workforce across the globe as millions practice social distancing. With all the disruptions, it could be said that COVID-19 has caused a premature change in industrial operations. It is merely accelerating Industry 4.0 adoption, leading companies into a more mature state of technology and workflow. The pertinent question is how are the manufacturers ...

By Dr.S.Johnsi   A personal budget is a tool to achieve personal financial goals. It is a financial plan that allocates personal income, expenses, debt repayment, and savings. The past income and expenses can be taken as a reference while creating the budget. Salary, rental income, and other income sources like interest income are consolidated under the head income. Bills and payments are the expenses. If you want to control your spending and work towards your financial goals, you need a budget. A written, monthly budget  allows you to plan your income sources and your savings and expenses. The main advantage is it allows you to track your spending habits. It helps you to identify how much is spent on each bill and whether you have spent more or less on it.   Steps               1 .  Calculate your income If you are a salaried person the net income should be considered for income. If you have other sources of passive i...

 By Dr.Deepa Venugopal Last week, I was reading through innovations & rapid growth happening in Fintech and accidentally hit upon the Article in HBR written way back in 1999 by John Hager and Marc Singer – it was titled “Unbundling the Corporation”. This article throws light on the fact why many traditional (powerful) companies could not sustain their growth trajectory by doing all the jobs in the value chain themselves, and how small companies in highly specialized business thrived and unlocked the business potential and became game-changers. So, what is it that slows the pace of behemoth growth as the years pass by? Hager and Singer explain that Interaction cost is the villain. Interaction cost refers to the money and time expended whenever people exchange goods, services, and Ideas (Hager& Singer1999). Keeping the interaction cost small will make organizations nimble. This helps in better organizing the business and maintaining a strong relationship with customers. The a...