JEMTEC

After the statement of former French President FrançoisOlinda over the failed deal, the statement of the French government and the Dassault Aviation has come out with contradictory statements. The French government issued this statement Friday night after the statement of President François Oland, in which he had claimed that the Indian government had suggested the name of a private company for the Rafael deal. A French website in an article quoted Oland as saying that the Indian government had asked the French government to nominate Reliance Defense as an Indian partner for the deal. Holland said, "We did not have any choice. The Indian government had suggested this name (Reliance Defense) and Dassault spoke to Ambani. " Responding to this claim, the statement issued on Friday night said, "The French government had no role in selecting Indian industrial partners for the deal." It was further stated in the statement that according to the Indian acquisition proc...

Disruption is the new normal. The term disruption sounds familiar to our ears now but it wasn’t that famous way back in 1997 when renowned HarwardBusiness School Professor Mr. Clayton M Christensen tossed the term Disruptive Innovation in his book ‘The innovator’s dilemma’. He described Disruptive Innovation as something innovative that a company does, either in its business model or with its offerings, at the low-end of any market. Once it is able to mark its strong presence there, then it moves up the ladder and challenges the other prominent players in the segment. As per Christensen, a disruptive innovation starts as an experiment early and then heads towards making the current business model obsolete. Disruption is also not confined or limited to large corporations only. It can be easily exercised by small/new companies. He also described the difference between disruptive innovation and sustainable innovation. While the later focuses on improving the existing products, the f...