Movie Funding Done by the Crowd

It’s one thing if a film with major Hollywood heavyweights such as Christopher Nolan or Ryan Kavanaugh behind it needs funding, but good luck if you’re a small independent filmmaker with no star power. With the economic downturn and a glut of indie filmmakers, producers are going to great lengths to fund their movies. One of the most popular ways of getting alternative funding is though crowdsourcing sites such as Kickstarter or IndieGoGo. These sites use regular folks to help get movies off the ground. The crowdsourcing movement is several years old, but it is gaining popularity in Hollywood as the independent movie genre continues to explode.

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Global crisis unlikely to affect BPO biz: TCS

Global crisis unlikely to affect BPO biz

Tata Consultancy Services (TCS) is positive that the global crisis will not have an immediate effect on the Business Process Outsourcing (BPO). Its back office confirmed that additional units will be put up in India, Philippines and the United States to cater to the needs of their clients worldwide.

Investment through expansion

TCS, considered as the number one company in India’s flagship, holding a $76 billion software services industry, is not alarmed by the current recession in United States, Europe and its major markets.

Abid Ali Neemuchwala, the Global Head for the Business Process Outsourcing of TCS projects, said that he is seeing a good traction for the company, despite the global economic crisis. He believes that more big companies look at the BPO industry to resolve their issues concerning cost cutting and to infuse more income, thereby opening another door for new and better opportunities. Continuous evaluation and counter measures are being undertaken to overcome the crisis.

The challenge of tackling the current economic depression by finding corrective measures has prompted the company to invest in setting up additional centers in Michigan in the US, Manila in the Philippines and also Tier-II in Kolkata and Pune in India.

Another huge and significant plan of the company is the putting up of 2,000 seater center in Ahmedabad which is intended to be in operation in December. This center will have 1,000 agents in its first phase.

Tata Consultancy Services BPO, as of today, has a total 35,000 personnel and 4,500 of these people are offshore, based on the delivery centers in the Philippines, Latin America, Europe and China.

The company’s total income is $925 million in the year that ended in March. Fifty percent of the revenue came from North America, 15% from India and the remaining 35% came from Europe and the Asia-Pacific region.

BHP tempers outlook, sees China growth slowing

BHP Billiton, the world’s largest mining company, reported lower profits in the second half of 2011 as compared to the previous year. The drop, though small ( $9.94 billion in H2 of 2011 compared to $10.7 billion in H2 of 2011), is the first profit decline in over two years for BHP. This drop in profit has happened at the time when a giant new competitor is emerging from the proposed merger of Glencore, the $140 billion commodities trading giant with Xstrata, the $39 billion mining company. Xstrata has reported 20 percent rise in earnings in 2011 over 2010. BHP Billiton is also facing the prospect of increased labor costs, which it is battling with Australian trade unions and softening of prices for a range of its commodities, including nickel and aluminum. Iron ore exports to China Over half of BHP Billiton’s earnings come from iron ore and the major market for that is China. The Chinese steel industry moderated its growth in 2011, responding to the economic slowdown in the European Union and the industry remains cautious about its outlook for 2012. The BHP management team has acknowledged the slowdown in China’s growth but it believes that the China steel production may only moderate to 6 or 8 percent annual growth as compared to the 11 to 12 percent annual growth seen in the previous decade. The European Union’s demand for steel has been affected by credit availability rather than by reduced need. The global steel output in 2011 was around 1.5 billion tons and China produced 46 percent of that. China is one of the economic producers of steel and remains positioned to retain its market share. BHP Billiton’s shale gas investments BHP Billiton made over $20 billion of investments during 2011 in the US shale gas industry with two significant acquisitions. The BHP management pointed out that its Petrohawk subsidiary has already increased its contribution to BHP’s earnings significantly in 2011. Many observers however wonder if BHP has timed these acquisitions right! Natural gas prices have declined dramatically since June 2011 due to a glut in gas supply and many shale gas producers are in distress. The observers also point out that BHP will need to invest around $50 billion over the next 10 years to develop these shale gas deposits. The BHP management, however, remains bullish on shale gas, pointing out that gas demand would outstrip supply in the near future, causing prices to recover. BHP’s Oil & Gas play clearly appears to be a strategy to insulate the mining giant from the price swings of its traditional commodity products like coal and iron ore. BHP generates enough profits to make the big investments needed for shale gas. The BHP management has reiterated that the $27 billion planned to be spent on new projects remains unchanged.

Keep your passwords away from hackers

Passwords are most vulnerable and weakest area of a security arrangement. It’s a protecting cover and a defense strategy in order to keep information, data and other valuable things protected. Weak passwords are easy to crack which can be deciphered by anyone with little efforts. Roger A. Grimes has suggested nine ways to make the password strong and undecipherable. Any one can try out these suggestions to make you job and environment safer. 1.The longer, the better 2.Disable the weak 3.Create true password complexity 4.To decrease complexity, increase length 5.Don’t pass it on 6.Rooting around 7.Lure your own employees to commit mistakes like mentioning password on an email. 8.Always keep a whiff of your own network. 9. Storing passwords — hint, hint … Read More

Judge a disaster recovery plan before its execution

Responsibility of a disaster recovery plan is always an uphill task which looks almost next to impossible to be achieved. But the fact is whenever one comes around to do it he usually do it well. The responsibility for a disaster recovery plan is really a tough task. In this situation one has to maintain the business as usual even in the case of a natural disaster, major system failure, or even in case of a terrorist attack. However, the major problem in this case has always been how and where to start. For the successful execution of a disaster recovery plan, a good project plan is the most essential aspect. Another constraint is effective execution of the plan within the limit of financial constraints and above all meeting the deadline is the most pressing factor in this case. Before executing plans of this kind there are preparations needed in order to make it almost a full proof plan. First of all there should be firm commitment from the side of management. There should always be judicious use of expensive resources. Management and effective exploitation of company’s resources can bring the difference. One should always follow a project having an oriented outline.

A careful attitude for good customer service, indeed

A well cultured approach and a personal touch to deal customer service have become a crying need of small business. It’s of course effective since you stay close to your customers and his needs. Representative of company and its culture are of course their employees. Being attentive with a personal touch to the problems of your customers can make you outstanding in your business. Integrity, open and honest communication and offering good service are the most integrated facets of customer service. Try to meet the expectations of customers and if you are able to do it fine there is no one ahead of you in the business. Be cautious to not to promise those things which is not achievable to your customers. Read More

Do the job of an accountant have sexy image?

Attempts to shrug off the boring image of the profession accounting have been regarded as unsuccessful despite the challenge was taken up by KPMG and CIMA. In the meanwhile, according to an ad hoc e-mail survey of spanking new genius working in finance, media and law the job of accountants were regarded as dull and boring. However, few are of the view that the profession is now sexier after the Enron scandal, which compelled the firm to recruit fresh talents. Chartered Institute of Management Accountants has taken steps to promote a web site www.extreme-accounting.com which provides the facility to auditors to post on-line photos doing their job in dramatic and improbable settings. However, the job has been regarded as a predictable one which is secure profession that pays plausibly well. Read More

Judge a disaster recovery plan before its execution

Responsibility of a disaster recovery plan is always an uphill task which looks almost next to impossible to be achieved. But the fact is whenever one comes around to do it he usually do it well. The responsibility for a disaster recovery plan is really a tough task. In this situation one has to maintain the business as usual even in the case of a natural disaster, major system failure, or even in case of a terrorist attack. However, the major problem in this case has always been how and where to start. For the successful execution of a disaster recovery plan, a good project plan is the most essential aspect. Another constraint is effective execution of the plan within the limit of financial constraints and above all meeting the deadline is the most pressing factor in this case. Before executing plans of this kind there are preparations needed in order to make it almost a full proof plan. First of all there should be firm commitment from the side of management. There should always be judicious use of expensive resources. Management and effective exploitation of company’s resources can bring the difference. One should always follow a project having an oriented outline. Read More

A careful attitude for good customer service, indeed

A well cultured approach and a personal touch to deal customer service have become a crying need of small business. It’s of course effective since you stay close to your customers and his needs. Representative of company and its culture are of course their employees. Being attentive with a personal touch to the problems of your customers can make you outstanding in your business. Integrity, open and honest communication and offering good service are the most integrated facets of customer service. Try to meet the expectations of customers and if you are able to do it fine there is no one ahead of you in the business. Be cautious to not to promise those things which is not achievable to your customers. Read More

Entrepreneurship,Business

Most of start-ups have been seen committing few mistakes more often. Sometime the mistakes are so grave that they are compelled to loose their business. Many start ups do not pay any heed to proper evaluation or researching a business idea to find out its viability. Most of the young entrepreneurs get over excited over a business idea which in turn compels them to commit mistakes. Many a time it has been noticed that young business men often compromised many essential ingredients of business in order to execute their business plan. Another problem with the start ups is that they hire more employees than needed and spend unnecessarily consequently face stretched over head expenses which either raises the cost or reduces the profit margin. Read More