Bharat Entrepreneurs

 Joint Venture between Nilpeter and Proteck Machine : 

        By introducing the latest auxiliaries like rotary screen, cold foil and hot foil stamping which increases supporting capacity, Nilpeter is entering a joint venture with its sales and service partner Proteck Machinery. Currently Proteck offers sales and technical support services for Nilpeter in India. Nilpeter is a strongly established firm in US and Danish manufacturing units. Their objective is to manufacture flexo servo presses in India which resembles the Nilpeter FB-line machine’s design.The joint venture manufacturing announcement follows the first Indian installation of a Nilpeter FB3300 Servo press at Adjanta Packaging Daman Plant.             

Joint Venture between Vornado and Reliance Industries Limited : 

      Vornado and Reliance Industries will commit up to $250 million each to the venture inorder to penetrate deeper into the retail shopping market in key cities in India. Paramus based Vornado Realty Trust has got lot of confidence in Reliance marketing strategy as currently Reliance operates over 700 retail stores in multiple formats in India.

 Joint Venture between Virgin Group and Tata Tele Services :

      Virgin has partnered with Tata Telecom services in India keeping its rates for out going calls in line with those of competitors.The new mobile operator is the “first nation-wide youth focused mobile service” and the “first CDMA service where all customers will be on RUIM (SIM)-based phones.”. 

Joint Venture between Tyson Foods and Godrej Agrovet :

      Tyson Foods, Inc in an effort in the direction of extending their company’s international presence has purchased 51% ownership of Godrej Foods, Ltd., based in Mumbai. This joint venture between Godrej Agrovet and Tyson will be called Godrej Tyson Foods.Their objective is to expand the capacity of the poultry plants which are already in operation.

Joint Venture between Marks & Spencer and Reliance Retail of India :

      In a view of establishing the British food to clothes retailer as a major retailer brand, above mentioned firms have entered a joint venture and formed M&S Reliance India. Each partner would initially invest up to 29 million pounds in this Venture.

 Joint Venture between Malvern Instruments and Aimil in India: 

     Malvern Instruments which is a leading materials characterization company and Aimil which is Malvern’s long-term distribution partner in India have entered a joint venture that resulted in the establishment of Malvern Aimil Instruments which started its operation on May 1, 2008. Malvern Instruments provides a wide  range of complementary materials characterization tools that deliver inter-related measurements reflecting the complexities of particulates and disperse systems, nanomaterials and macromolecules.

Joint Venture between Volvo and India’s Eicher :

      AB Volvo, Swedish truck maker has invested about $312 million which resulted in a joint venture with Indian Vehicle manufacturer Eicher Motors named VE Commercial Vehicles Ltd.This venture involves entire truck and bus operations of both Volvo and Eicher.For the first fiscal year ended March 31, they have earned a profit of $22.9 million .

 Joint Venture between Germany’s ERGO Insurance Group and India’s HERO Group :

      These both firms have come together to form a joint venture which is an Indian life insurance company named HERO ERGO Life Insurance Company Ltd. ERGO International AG will take a 26% share in HERO ERGO Life Insurance Company Ltd, which is the maximum permissible limit under the existing guidelines for the insurance sector in India.   

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I recently came across an article / blog which explained the best possible practice to model your business.  I was astonished to see their statistics on the current business world. Studies have shown that even some of the bigger companies in the world have executives at their top most position with no clear understanding of their business model.  Not to mention many of the start ups never thought of a plan or business model before getting into. You would have constantly heard the stat that 9 out of 10 start up fails.  But what as an entrepreneur I dislike, is that no one tells why 90% of them failed and how to fix that.

Think about it for a second, if those CEX and CIxes don’t know what their goals are, how are they possibly going to achieve it. Not to mention that even if they can explain the business model that they are in, not 2 of them show the same picture. So in fact they are reaching 2 different goals or if they have common goals by chance, they have different priorities.

This brings us to the question - How can your start up have a proper business model from day one? Or better yet if you are starting up or have a small to mid size business with multiple stakeholders / partners, how can you see the business through the same lens? How can all the members of your team (Partners, Employees and External stake holder) work in tandem to achieve the same goal, prioritize the same task and achieve success faster and with ease.

As the saying goes “If you can’t measure, you can’t manage” and “Fail to plan is a plan to fail”, it is imperative for anyone in the business to Plan, strategise, execute and succeed.  I will let all your entrepreneurs to kindle your thought proces and to chart out your Business model.  If you have a partnership firm or an initiative, this exercise will really show the areas of improvement.

I will let the genius inside you to work on it and catch up in my next post where I will walk you through one of the Business Modeling practice that I found interesting.  In fact I am starting up a business for which I am doing the same - I walk the talk.

Check my blog about unsecured consolidation loans and debt consolidation

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