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careeralley · 1 year

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Unlocking Your Potential: Top Leadership Qualities for Career Success

We are always being told about the different skills, knowledge, and characteristics that make the perfect kinds of employees. You've heard them all before- hard-working, independent, and a good communicator. However, there is one characteristic that isn’t always included in most job descriptions- leadership qualities. That’s because leadership skills are unique skills that are particular to a small cross-section of jobs and careers. It doesn’t suit every position, as you might not be required to show off any leadership skills in them. However, in jobs in which you are expected to have strong leadership skills and experience, they will certainly come to the fore and be one of the main things that recruiters look for in your application. Don’t want to let your leadership qualities go to waste? If not, then you should consider going into one of the following careers. Teacher One of the first leaders who we come into contact with during our lives is our first teacher at a school. Teachers are exceptionally important people who play a huge part in our society. Most of us aspire to be leaders in the areas of life that we take on. However, that path is often challenging. The unique characteristics required to be an effective leader aren’t always acquired naturally, but they can be learned. Tweet This After all, they are responsible for teaching children important skills and knowledge that they will need to rely on for the rest of their lives. Not only that, though, but what a teacher teaches their class will help them get their chosen career once they reach adulthood. Our Pick 101 Career Alternatives for Teachers: Exciting Job Opportunities for Teachers Outside the Teaching Profession $18.25 Buy Now We earn a commission if you click this link and make a purchase at no additional cost to you. 02/21/2023 08:58 am GMT So, as you can see, becoming a teacher will grant you a lot of important responsibilities. And the only way you will succeed and encourage the kids to do their best and try as hard as possible is to be an effective leader and guide them well in their education and studies. How To Be A Damn Good Teacher...Basically: Education, Games, and the Art of Looking at Things Dif... $14.00 $7.02 Whether you already are a Damn Good Teacher or are hoping to be, this book is a fun one. From the very start, you sense that the professional advice and encouragement here is down-to-earth. Buy from Amazon We earn a commission if you click this link and make a purchase at no additional cost to you. 02/20/2023 07:29 pm GMT Politician One of the careers that have the most obvious need for leadership skills has to be working in politics. Once you become a politician, you will need to listen to your constituents' wants, needs, and wishes so that you can help them make the area or neighborhood in which they live a much better place. This can sometimes be a very demanding line of work as you are continually a representative of parliament, meaning you are always going to be watched and judged when you are out in public. You might find that it is very difficult to switch off and relax! And that’s not all - you will also need to be on the campaign trail when it comes to elections. All of the continual fighting to secure your job and your constituents’ wishes can sometimes be too much, even for the most dedicated of leaders. Manager If you like to think of yourself as a really good people person, then you might want to think about going into business and working as a manager. As a manager, you will be in charge of your own team of employees and will oversee them to ensure that all the department’s KPIs and targets are continually met. This is a great leadership job for anyone who already has specialties in a specific line of business. How To Become a Teacher $19.99 If you want to become a better teacher, then get this step-by-step "How To Be a Great Teacher" guide. Buy on Amazon We earn a commission if you click this link and make a purchase at no additional cost to you. 12/04/2022 12:17 am GMT For instance, if you are very experienced in working in finances, then you could apply for jobs as a finance manager and help a business get on top of its financial issues. Other company departments that need usually managers include marketing, HR, and sales. Company Owner Think you’d prefer to go one step further than just being a manager? Well, you might want to think about setting up your own company and becoming an entrepreneur. You will then have to lead your very own business and all the employees who work for it. There is no denying that this job will come with a lot more responsibility than managerial positions in other people’s companies. In fact, owning your own company can be extremely stressful. Some people out there might argue that this is the most stressful of all the leadership positions in this list. But if you have a brilliant business idea and are completely dedicated to it, then you should totally go forward with it. After all, there are always various coping strategies you can use to minimize all the stress of being an entrepreneur! Sports Coach If you love training people but don’t want to be a teacher, you might want to consider becoming a sports coach. Obviously, this is only a good option for you if you are already a very sporty person! But, as long as you are very fit and have a favorite sport or gym class, you should be able to focus on that as your specialism and teach and coach it. First of all, though, you will need to get the relevant qualifications and checks. The background checks will need to be carried out if you want to work with children. The qualifications will be for anyone who wants to become a sports coach. Most of them are related to health and safety, such as getting your BLS certification. You need to know what to do and how to act in the event of an emergency. This also ensures that you can train people to be safe while exercising so that they don’t cause themselves too many injuries. Emergency Services Worker Did someone say emergency? Who are you gonna call? In the event of an emergency, we rely on various services, such as paramedics and the fire brigade. Even though you might not realize it, you need some serious leadership skills to take on these kinds of roles within the emergency services. That’s because you need to have the authority to take charge in dangerous situations and ensure that everyone at the scene is as safe as they possibly can be. You might also have to make some really tough decisions, which your leadership skills and experience will come in really useful for. Our Pick The Aspiring Firefighter's 2 Year Plan Buy Now We earn a commission if you click this link and make a purchase at no additional cost to you. Event Coordinator Most leaders love planning and organizing events. Does that sound like you? If you have already got married and really enjoyed planning the wedding, or you enjoy getting everyone together for a birthday party each year, then you might want to think about becoming an event coordinator. Lots of companies hire their own team of event specialists if they regularly hot events or take part in exhibitions and expos. But you might prefer to become a freelance event coordinator if you prefer the idea of being your own boss and setting your own schedule. Plus, that will give you the chance to work in a range of industries for different companies. So, you won’t get so bored of working in the same sector over and over again. Most natural leaders are great freelancers as they have the drive that is needed to get their new business up and running. Our Pick The Social Trade Show: Leveraging Social Media and Virtual Events to Connect With Your Customers (Que Biz-Tech) $24.99 $4.50 Buy Now We earn a commission if you click this link and make a purchase at no additional cost to you. 12/03/2022 12:33 am GMT Military Officer I know I said that being a politician was probably the most obvious job in this list that needs good leadership skills. But working in the military is an obvious choice as well. If you have already considered working in the military then I am sure you will know that recruiters will be looking for some very strong leadership skills. If you have the knowledge and skills to join as a military officer, then you will be in charge of a group of soldiers below you. Of course, that isn’t the only route to becoming an officer. You could always join as a private and then work your way up through the ranks. Whichever way you want to become an officer should be up to you! Opportunities in Military Careers, revised edition $16.00 $14.33 Are you looking for the latest information to open the door to the career of your dreams? Opportunities in Military Careers covers a range of jobs in this sector, from those that require high school and trade school to associate, four-year, and graduate degrees. Buy on Amazon.com We earn a commission if you click this link and make a purchase at no additional cost to you. 07/28/2022 07:29 am GMT Doctor Did you realize that doctors are leaders as well? It’s true! Doctors are in positions of great responsibility as they are the ones we all turn to when we are sick and need medications or treatments. As a result, they are required to make some really important and life-changing decisions on our behalf. In order for them to be able to do this, they need to develop some very strong leadership skills and knowledge. That puts them in the best position to make important decisions on our behalf. The Premed Playbook: Guide to the Medical School Personal Statement: Write Your Best Story. Secure Your Interview. $19.95 $10.89 The Premed Playbook: Guide to the Medical School Personal Statement helps guide students in crafting their stories for the medical school Admission Committees. Buy from Amazon We earn a commission if you click this link and make a purchase at no additional cost to you. 12/03/2022 12:34 am GMT Coaching And Trainers I’ve already mentioned sports coaches, but did you ever think about going into some more professional coaching? There are lots of business coaches out there and people who carry out training courses in the professional world who have a whole bunch of leadership skills and experience behind them. But as well as being a strong and respectable leader, you also need to have lots of experience working in the business world. After all, you need to be able to train people in doing business better! You can do this by working as a manager or entrepreneur for a few years first until you have all the necessary experience. Does one of these leadership careers really inspire you for the future? How to Become Resources CareerAlley's list of "How to Become" books how to become resources page We earn a commission if you click this link and make a purchase at no additional cost to you. Read the full article

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whitehotharlots · 4 years

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Previewing the 2024 Democrat Primary

Within a couple weeks of his being sworn in, just about every person on earth will wish Joe Biden was no longer president. Sure, the few surviving John B. Anderson voters will be thrilled to see 4 years of crushing austerity and half-assed attempts at Keynesian stimulus. But most people will begin dreaming about a brighter future.

Good news! The 2024 Democratic primary field is going to contain dozens of options. Bad news! They are all going to be disgusting piles of shit.

The “top tier”

While it’s too early to do any handicapping, these are the candidates the media will treat as having the most realistic chances of securing the nomination.

Kamala Harris

Kamala did not win a single primary delegate in 2020. This is because she dropped out before the first primary, and that was because no one likes her. She has no base beyond a few thousand of twitter’s most violent psychos. Her disingenuousness approaches John Edwards levels: any halfway incredulous person can see immediately beyond her bullshit. She has no principles whatsoever, and while that may be par for the course for Democrats, she lacks even the basic politician’s ability to intuit anything that might, hypothetically, constitute a principle.

Even better: she is an awful public speaker. She sounds like how a talking dog would speak if he were just caught stealing people food off the kitchen table. She communicates in weird grunts and faux sassy squeaks, which is how she imagines real black women sound like, but something about her is unable to sell the bit. She begins her sentences in halfhearted AAVE, stops and panics halfway through as she realizes that maybe this sounds fake and offensive, and then reminds herself oh wait, no, this is okay since I’m black. This doesn’t happen once or twice per speech. This is how every single sentence sounds.

Kamala is like Nancy Pelosi in that no sketch show will ever impersonate her correctly, because anything that came close to authenticity would be considered far too cruel. This might benefit her in the primaries, as she exists in the minds of Democrats as someone and something she absolutely is not in reality. Nominating her would be like allowing your child’s imaginary friend to attempt to drive you to the store.

Andrew Cuomo

Easily one of the 50 worst people alive, Cuomo has a solid chance because Democrats, same as Republicans, are unable to differentiate between electability and self-serving ruthlessness. Cuomo used the deadliest public health crisis in American history as a pretext for cutting Medicaid and firing 5,000 MTA workers, and his approval rating increased. New York Dems are little piggies who love eating shit. If we assume that the political media will continue their habit of refusing to discuss the legislative history of right wing Democrats, Cuomo might well cruise to the nomination and then lose to literally any human being the GOP nominates by an historic margin.

Joe Biden

The party loves him because he is a right wing racist. “Progressives” tolerate him because black primary voters over 40 supported him, and their opinion is supposedly a magic window into god’s truth. Everyone else can tell he is manifestly senile. I don’t put it above the DNC to pick a candidate who is in horrible health, dying, or even dead--whatever the financial sector wants, they’ll get. But I would be shocked if his approval rating is above 39% by mid-2023, and by that point deep fake technology will be advanced enough they’ll put out a very lifelike video in which the Max Headroom version of Joe explains he’s proud of his accomplishments--that budget’s almost balanced already--but, man, I gotta abd--I gotta abdica--, uhh, I gotta, I, uhh, I gotta move down, man.

Wild Cards

These candidates would have all have a chance if they ran, but they could all much more easily retire to Little Saint James off of kickbacks they’ve gotten from Citibank and I.G. Farben.

Rahm Emanuel

Rahm is going to receive some hugely influential post in the Biden administration. Let’s say he becomes Secretary of Education. His signature achievement will be replacing all elementary school teachers with Amazon’s Alexa, which saved the taxpayers so much money we were able to quadruple the number of armed police officers we put into high schools. This will give him several thousand positive profiles on network news programs and the near-universal support of the Silicon Valley vampires who will own 99% of the country by the time Biden’s term ends. They will use their fancy mind control devices to convince geriatic primary voters that Rahm’s the one who will bring Decency back to the white house. His candidacy will be the paragon of wokeness, as expressing concern toward the fact that he covered up the police murder of a black guy will get you called a racist.

Rahm has a bonus in that Jewish men are now Schrodeniger’s PoC. When they are decent human beings, they are basic, cis white men who are stealing attention from disabled trans candidates of color. When they love austerity and apartheid, they become the most vulnerable people of color on earth and criticizing them in any way is genocide. No one will be able to mention a single thing Rahm has ever done or said without opening themselves to accusations of antisemitism, and that gives him a strong edge against the rest of the field. The good news is that an Emmanuel candidacy would result in over 50% of black voters choosing the GOP candidate--which, I guess that’s not really good but it would certainly be funny.

Gavin Newsom

Newsom is every bit as feckless as Cuomo, but he doesn’t put off the same “bad guy in an early Steven Segal movie” vibes. He will mention climate change 50 times per speech and no one will bother to mention how he keeps signing fracking contracts even though his state is now on fire 11 months of the year. If anything, this will be spun into an argument about how he’s actually the candidate best suited to handle all the water refugees gathering on the southern border. Look for his plan to curb emissions by 10% by the year 2150 to get high marks from Sierra Club nerds. He’s also a celebate librarian’s idea of what constitutes a handsome man, so he’ll have some support from the type of women who claim to hate all men.

Larry Summers

I mean, why not? Larry, like most members of the Obama administration, has politics that are eerily similar to those of Jordan Peterson. In normal circumstances, this makes a person a dangerous fascist who should not be platformed. But if that person has a D next to their name this makes them a realistic pragmatist who has what it takes to bring suburban bankers into our tent. If current trends in Woke Phrenology continue apace, Larry’s belief that women are inherently bad at STEM will be liberal orthodoxy by 2023, and his dedication to the Laffer Curve could see him rake in massive donations. Seriously, I’m not kidding: cultural liberalism is now fully dedicated to identity essentialism and balanced budgets. Larry is their ideal candidate. If he were black and/or a woman, I’d put him in the very top tier.

Jay Inslee

Unlike Newsom, Inslee’s attempt to crown himself the King of Global Warming won’t be immediately derailed, since his state is only on fire because of protestors. This, however, poses a different problem. He’s going to be a good test case for the Democrat’s uneasy peace with the ever increasing share of the electorate who become catatonic upon hearing a pronoun. On the one hand, you need to take their votes for granted. On the other hand, they’re not like black people or regular gays: most voters actively, consciously despise wokies, and associating yourself with them will ruin a campaign even in deep blue areas. There’s still gonna be riots in a year. Biden’s gonna announce the sale of all our nation’s potable water to the good folks at Nestle and some trans freak named Sasha-Malia DeBalzac is going to use that as an opportunity to sell their new pamphlet about how it’s fascist to not burn down small businesses. No matter what Inslee does in response, it’ll end his career.

AOC

I’m not one of those “AOC is a secret conservative” weirdos, but I am aware enough of basic reality to know she has zero chance of coming close to the nomination. The right and the center both regard her as a literal demon. The party is already blaming her for the fact that a handful of faceless Reagan acolytes failed to flip their suburban districts even though they ran on sensible pragmatic proposals like euthanizing the homeless. The recriminations will only get more unhinged when the Dems eat shit in the 2022 midterms. She will be a Russian, she will be white male, she will be a communist, she will be a homophobe: any insult or conspiracy theory you can name, MSNBC will spend hours discussing. Her house seat challenger will receive a record amount of support from the DNC in 2024 and it’ll be all she can do to remain in congress.

Larry Hogan

Don’t be dissuaded by the fact that he’s a Republican. Larry is the DNC’s ideal candidate: a physically repulsive conservative who owes his entire career to appealing to the most spiteful desires of suburban white people. He’s an open racist in a material sense--if you’re old-school enough to think racism is a matter of beliefs and actions, rather than the presence of cultural signifiers--but his is the beloved “never Trump” style of racism that Dems covet. He’s also a Proven Leader who thinks the role of government should be to finance the construction of investment property and give police the resources they need to run successful drug trafficking operations. Few people embody the Democrat worldview more than Larry.

The Losers Bracket

These people will have at least a small chance due solely to the fact that the Democrats love losing. They have lost in the past, and in the Democrat Mind that makes them especially qualified.

Joe Kennedy

The man looks like a mushroom-human hybrid from a JRPG. Trump proved that physical hideousness need not doom a presidential bid, but a candidate still needs some kind of charm or oratorical abilities or, god forbid, a decent platform. Joe aggressively lacks all of these things. A vanity campaign would be a good way to raise money and perhaps secure an MSNBC gig, so Joe might still run.

Mayor Pete

I am 100% convinced that Pete’s 2020 run was a CIA plot meant to prevent working class Americans from ever having a chance of living decent lives. I am also 100% aware that Democrats are dumb enough to enthusiastically support a CIA plot meant to prevent working class Americans from ever having a chance of living decent lives. If we have some sort of military or terror disaster between now and 2023 the Dems are sure to want a TROOP, and wait wait wait you’re telling me this one is a gay troop? Holy hell there’s no way that could lose!

Stacy Abrams

Never underestimate the power of white guilt. She lost the gubernatorial race to Gomer Pyle’s grandson, and her spiritual guidance of the Dems saw the party lose black voters in Georgia in 2020. Nonetheless, she is regarded as a magic font of fierceness within the DNC. She might stand a chance if she can establish herself as the most conservative non-white candidate in the field, but there’s going to be stiff competition for that honor.

Elizabeth Warren

Liz is probably angry that the party so shamelessly sold her out even after she was a good little girl and sabatoged Bernie’s campaign for them--yet another example of high ranking US government officials reneging on their promises to the Native American community. Smdh. The fact that this woman hasn’t been bankrupted a dozen times over by various Wallet Inspectors genuinely astounds me. So Liz is probably going to run again, and her campaign will be even sadder the second time around.

It might surprise you to hear this if you don’t work at a college or NGO, but Liz diehards actually do exist. She’ll get even less support this time because there will be no viable leftist in the field for her to spoil, but she’ll still hang in long enough to make sure the very worst possible candidate beats out the second worst possible candidate. Maybe she’ll fabricate a rape accusation against Sherrod Brown. Maybe she’ll spend her entire allotted debate time doing a land acknowledgment. With Liz, anything is possible--so long as it ends in failure.

Amy Klobuchar

Amy was the most bloodthirsty of the 2020 also rans. She will double down on the unpopular failures of the Biden administration, explaining that if you weren’t such a selfish idiot you’d love the higher social security retirement age and oh my god are so such a moron you think you shouldn’t go bankrupt to get a COVID vaccine? There’s a non-unsubstantial segment of the Democratic base that’s self-hating enough to find this appealing, but it won’t be enough to make her viable.

Martha Coakley

She lost Ted Kennedy’s senate seat to a retarded man who was pretending to be even more retarded than he actually was. Then she lost a gubernatorial race to a guy who openly promised Massachusetts voters that he would punish them for electing him. Her record of failure is unparalleled, making her perhaps the ideal Democrat standard bearer for the twenty twenties.

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berniesrevolution · 5 years

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Climate change is a global emergency.

The Amazon rainforest is burning, Greenland’s ice shelf is melting, and the Arctic is on fire. People across the country and the world are already experiencing the deadly consequences of our climate crisis, as extreme weather events like heat waves, wildfires, droughts, floods, and hurricanes upend entire communities, ecosystems, economies, and ways of life, as well as endanger millions of lives. Communities of color, working class people, and the global poor have borne and will bear this burden disproportionately.

The scientific community is telling us in no uncertain terms that we have less than 11 years left to transform our energy system away from fossil fuels to energy efficiency and sustainable energy, if we are going to leave this planet healthy and habitable for ourselves, our children, grandchildren, and future generations. As rising temperatures and extreme weather create health emergencies, drive land loss and displacement, destroy jobs, and threaten livelihoods, we must guarantee health care, housing, and a good-paying job to every American, especially to those who have been historically excluded from economic prosperity.

The scope of the challenge ahead of us shares similarities with the crisis faced by President Franklin Delano Roosevelt in the 1940s. Battling a world war on two fronts—both in the East and the West—the United States came together, and within three short years restructured the entire economy in order to win the war and defeat fascism. As president, Bernie Sanders will boldly embrace the moral imperative of addressing the climate crisis and act immediately to mobilize millions of people across the country in support of the Green New Deal. From the Oval Office to the streets, Bernie will generate the political will necessary for a wholesale transformation of our society, with support for frontline and vulnerable communities and massive investments in sustainable energy, energy efficiency, and a transformation of our transportation system.

We need a president who has the courage, the vision, and the record to face down the greed of fossil fuel executives and the billionaire class who stand in the way of climate action. We need a president who welcomes their hatred. Bernie will lead our country to enact the Green New Deal and bring the world together to defeat the existential threat of climate change.

As President, Bernie Sanders Will Avert Climate Catastrophe and Create 20 Million Jobs

As president, Bernie Sanders will launch the decade of the Green New Deal, a ten-year, nationwide mobilization centered around justice and equity during which climate change will be factored into virtually every area of policy, from immigration to trade to foreign policy and beyond. This plan outlines some of the most significant goals we have set and steps we will take during this mobilization, including:

Reaching 100 percent renewable energy for electricity and transportation by no later than 2030 and complete decarbonization by 2050 at latest – consistent with the United Nations Intergovernmental Panel on Climate Change goals – by expanding the existing federal Power Marketing Administrations to build new solar, wind, and geothermal energy sources.

Ending unemployment by creating 20 million jobs needed to solve the climate crisis. These jobs will be good paying, union jobs with strong benefits and safety standards in steel and auto manufacturing, construction, energy efficiency retrofitting, coding and server farms, and renewable power plants. We will also create millions of jobs in sustainable agriculture, engineering, a reimagined and expanded Civilian Conservation Corp, and preserving our public lands.

Directly invest an historic $16.3 trillion public investment toward these efforts, in line with the mobilization of resources made during the New Deal and WWII, but with an explicit choice to include black, indigenous and other minority communities who were systematically excluded in the past.

A just transition for workers. This plan will prioritize the fossil fuel workers who have powered our economy for more than a century and who have too often been neglected by corporations and politicians. We will guarantee five years of a worker’s current salary, housing assistance, job training, health care, pension support, and priority job placement for any displaced worker, as well as early retirement support for those who choose it or can no longer work.

Declaring climate change a national emergency. We must take action to ensure a habitable planet for ourselves, for our children, and for our grandchildren. We will do whatever it takes to defeat the threat of climate change.

Saving American families money by weatherizing homes and lowering energy bills, building affordable and high-quality, modern public transportation, providing grants and trade-in programs for families and small businesses to purchase high-efficiency electric vehicles, and rebuilding our inefficient and crumbling infrastructure, including deploying universal, affordable high-speed internet.

Supporting small family farms by investing in ecologically regenerative and sustainable agriculture. This plan will transform our agricultural system to fight climate change, provide sustainable, local foods, and break the corporate stranglehold on farmers and ranchers.

Justice for frontline communities – especially under-resourced groups, communities of color, Native Americans, people with disabilities, children and the elderly – to recover from, and prepare for, the climate impacts, including through a $40 billion Climate Justice Resiliency Fund. And providing those frontline and fenceline communities a just transition including real jobs, resilient infrastructure, economic development.

Commit to reducing emissions throughout the world, including providing $200 billion to the Green Climate Fund, rejoining the Paris Agreement, and reasserting the United States’ leadership in the global fight against climate change.

Meeting and exceeding our fair share of global emissions reductions. The United States has for over a century spewed carbon pollution emissions into the atmosphere in order to gain economic standing in the world. Therefore, we have an outsized obligation to help less industrialized nations meet their targets while improving quality of life. We will reduce domestic emissions by at least 71 percent by 2030 and reduce emissions among less industrialized nations by 36 percent by 2030 — the total equivalent of reducing our domestic emissions by 161 percent.

Making massive investments in research and development. We will invest in public research to drastically reduce the cost of energy storage, electric vehicles, and make our plastic more sustainable through advanced chemistry.

Expanding the climate justice movement. We will do this by coming together in a truly inclusive movement that prioritizes young people, workers, indigenous peoples, communities of color, and other historically marginalized groups to take on the fossil fuel industry and other polluters to push this over the finish line and lead the globe in solving the climate crisis.

Investing in conservation and public lands to heal our soils, forests, and prairie lands. We will reauthorize and expand the Civilian Conservation Corps and fully fund the Land and Water Conservation Corps to provide good paying jobs building green infrastructure.

This plan will pay for itself over 15 years. Experts have scored the plan and its economic effects. We will pay for the massive investment we need to reverse the climate crisis by:

Making the fossil fuel industry pay for their pollution, through litigation, fees, and taxes, and eliminating federal fossil fuel subsidies.

Generating revenue from the wholesale of energy produced by the regional Power Marketing Authorities. Revenues will be collected from 2023-2035, and after 2035 electricity will be virtually free, aside from operations and maintenance costs.

Scaling back military spending on maintaining global oil dependence.

Collecting new income tax revenue from the 20 million new jobs created by the plan.

Reduced need for federal and state safety net spending due to the creation of millions of good-paying, unionized jobs.

Making the wealthy and large corporations pay their fair share.

The cost of inaction is unacceptable. Economists estimate that if we do not take action, we will lose $34.5 trillion in economic activity by the end of the century. And the benefits are enormous: by taking bold and decisive action, we will save $2.9 trillion over 10 years, $21 trillion over 30 years, and $70.4 trillion over 80 years.

We cannot accomplish any of these goals without taking on the fossil fuel billionaires whose greed lies at the very heart of the climate crisis. These executives have spent hundreds of millions of dollars protecting their profits at the expense of our future, and they will do whatever it takes to squeeze every last penny out of the Earth. Bernie promises to go further than any other presidential candidate in history to end the fossil fuel industry’s greed, including by making the industry pay for its pollution and prosecuting it for the damage it has caused.

And most importantly, we must build an unprecedented grassroots movement that is powerful enough to take them on, and win. Young people, advocates, tribes, cities and states all over this country have already begun this important work, and we will continue to follow their lead.

(Continue Reading)

#politics #the left #bernie sanders #green new deal #progressive #progressive movement #democratic socialism #climate crisis #2020 election

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wikimakemoney · 4 years

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CTV is where the viewers go and advertisers should follow

30-second summary:

Massive popularity translated into the explosive surge in CTV media buying. At the end of the 2010s, globally programmatic advertising on CTV grew by a whopping 330 percent.

In a nutshell, both content consumption on CTV and ad spend are climbing while the ad budgets on traditional television are decreasing. Since CTV has been the least affected ad placement in the lockdown, the ad spend on this channel is expected to reach $16 million per advertiser.

Impressive as it may be, the future looks even brighter. In 2021, connected TV ad spend is estimated to hit the significant sum of of $10.81 billion. Most of the cash will end up in the pockets of such ad-supported giants as YouTube, Roku, and Hulu.

When it comes to efficiency, video ads on connected TV should be the should be the choice you make. Compared to any other communication channel, CTV drives the highest level of both cost-efficient responses and sales. 52 percent of the responses caused by the media come from connected TV.

Furthermore, the powerful built-in algorithms will spare marketers headaches as they identify the best-performing creative and display it first while running campaigns to maximize efficiency.

Imagine the amusement of our grandparents’ generation when they first got a TV set. What a delight it must have been to watch pictures not in the movies sitting next to strangers surrounded by cigarette smoke, but in the comfort of their living room.

Linear television that millennials and Gen Z’ers take for granted (and oftentimes smirk at) was revolutionary at the time. That was then.

Today, it seems like TV has always been here. Spoiled by seemingly unlimited choices, younger viewers no longer wish to play by the rules of “boomers”.

For them, it is unthinkable to check TV guides looking for favorite shows and then adjusting plans according to the whims of broadcasters. They want to watch whatever they want, whenever they want.

Connected TV offers such freedom. This is one of the reasons why CTV threatens its predecessor. But is it the only one? Let’s take a look at the CTV’s rapid uptake, where it leaves linear TV, and what it all means for advertisers.

Fertile grounds for CTV

The previous decade was definitely great for connected TV. For example Roku, the largest CTV platform, had managed to gather an astronomical number of users: nearly 85 million. And yet, this number accounts for only 46.9 percent of CTV users in the United States.

Such massive popularity translated into the explosive surge in CTV media buying. At the end of the 2010s, globally programmatic advertising on CTV grew by a whopping 330 percent.

What prompted such interest in connected TV?

First, younger generations stepped onto the scene. As mentioned previously, millennials and Gen-Z’ers ruthlessly cut the cords of linear TV in favor of streaming. As a result, most evasive audiences gather in one place ready to consume their favorite shows and whatever is displayed alongside.

Second, CTV is omnipresent. Three out five tech giants (Amazon, Apple, and Google) spotted the huge interest in connected TV and now sell not only hardware that makes your TV set connected, but also offer their own environments where viewers get to enjoy the content.

Moreover, many companies that deliver content on CTV make it available further over the top by enabling users to stream videos in mobile apps.

And third, even though it is principally different from linear TV, the experience does not diverge. Since viewers were trained to watch commercial breaks for years, they don’t feel opposed to seeing ads on connected TV.

They realize that this is a small price to pay for free content, especially in the age of SVOT.

Modern-day TV consumption and its future

Also, 52 percent of respondents admit that they redirect their cable TV ad budgets. Moreover, in the US during lockdown the time spent watching videos on CTV grew by 81 percent.

Ad platforms support the optimistic forecast with their own data. BidMind by Fiksu, a globally recognized cross-channel advertising platform focused on CTV, has surveyed the ad spend by categories only to confirm the enormous growth.

The findings of the analysis of the same periods from January to May in 2019 and 2020 reveal the largest surges in telecommunications (550%), ecommerce (500%), money transfer (300%), and entertainment (350%).

Impressive as it may be, the future looks even brighter. In 2021, CTV ad spend is estimated to hit the significant sum of of $10.81 billion. Most of the cash will end up in the pockets of such ad-supported giants as YouTube, Roku, and Hulu.

Furthermore, provided the CTV ad-buying keeps growing at its current pace, in 2023 the total amount of money invested in CTV ads will comprise 14 billion.

Marketers crippling fears

Now, having beheld the exponential growth of CTV as a medium and its popularity as a destination for ads, the question that hangs in the air is: what stops marketers from stepping up their game and following the lead of the innovative (and dare we say, successful) marketers?

Here are some of the most important concerns that hold marketers back:

1) How do I scale?

The lack of scalable solutions remains due to the popular belief that the audience size and the amount of inventory are rather narrow. What worries marketers is that even though the growth has been outrageous, the total number of users is no larger than 200 million.

Moreover, not all content is available to sell to advertisers. One of the largest platforms Netflix is still ad-free (and there’s no sign of this changing in the nearest future), whereas Amazon Prime Video runs ads to promote its own platform.

2) Where should the spending come from?

Allocating budgets is quite simple when it comes to traditional TV or social media. The former comes from “television ad budget”, the latter comes from “digital”.

CTV, however, is something in between, and many advertisers find themselves in a pickle trying to determine the type of expenditure for connected TV.

3) Where do I get a comprehensive report?

If you have already tested the waters of CTV ad placement, then you must have faced a hard truth: the CTV environment is fragmented, really fragmented.

Therefore, the data available in reports varies greatly from platform to platform. This creates a challenge for marketers to see how well their dollars are spent. And unfortunately, this concern is a major deal-breaker for many advertisers thinking of hopping on the CTV ads gravy train.

No Time to Fear

Fear causes limitations. And the danger of limitations could be what makes you drop out of the game. Marketers shouldn’t be afraid to tip their toes into the CTV waters.

A wiser response would be to embrace the might of the new ad placement landscape and ride the wave for your brand’s good. The time is right and here’s why:

1) CTV is the destination

Viewers’ mass migration has started. And as trends indicate it is irreversible. The recent lockdown has demonstrated that no matter what happens, the CTV industry will probably withstand it.

This is good news for marketers since CTV ads allow marketers to offer a TV-like experience to viewers at a much lower price and with much more powerful targeting capabilities.

2) CTV is about results

Moreover, ad retention here is significantly higher compared to linear TV, as ads are not only personalized but also much shorter than traditional commercial breaks.

3) CTV is freedom

Especially if marketers run CTV ads on a self-serve platform. In this case, advertisers get to fine-tune their accounts on such a platform according to their objectives, KPIs, budgets, and business types.

Furthermore, the powerful built-in algorithms will spare marketers headaches as they identify the best-performing creative and display it first while running campaigns to maximize efficiency.

It has been a glorious reign that of linear TV, but its successor is already here winning the audience’s attention. It’s time for us in the advertising business to acknowledge the new rules of content consumption and adjust our marketing strategies accordingly.

Even though there may be some challenges and pitfalls at the beginning, if addressed smartly, the rich CTV capabilities will turn into treasured gold.

Anna Kuzmenko is the COO at BidMind by Fiksu. Anna is a business leader and project manager with experience in strategy development, crisis management, and staff coaching. Being passionate for ad technology and video content ad monetization, Anna applies innovative approaches in the digital marketing ecosystem further advancement.

The post CTV is where the viewers go and advertisers should follow appeared first on ClickZ.

source http://wikimakemoney.com/2020/08/06/ctv-is-where-the-viewers-go-and-advertisers-should-follow/

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jobsearchtips02 · 4 years

Text

India Reacts to Border Clash With China With Protests and Vigils

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marymosley · 4 years

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Distribution and Commissioning Service Work in the Cinema Industry

Abstract:-

This research has explored how the distribution and commissioning service work in the cinema industry, the study also analyzed the hurdles faced by small and independent filmmakers while looking for distribution channels and how the online platforms are eating away the business of production and distribution of cinema. I have also explained how the production units are turning into corporate entities and also the issue related to it and I have furthermore added the importance of legal scrutiny in the cinema industry.

A BRIEF INTRODUCTION

Distribution services in cinema are the most essential part, to get the profit and money-back which was spent on making a particular movie, one should distribute their movie wisely and make available or release it to the public or audiences. The distribution of cinema has almost the same process worldwide.

PROCESS OF DISTRIBUTION AND COMMISSIONING

Once the film is developed it will go through various phases such as the pre-production phase, production phase, post-production phase, and the distribution phase. In the distribution phase which is the main concern here the producers sell the “theatrical rights” of his films to all India distributors or 3rd parties for marketing and releasing of movies to the public.1

The person who does the distribution is called the distributor. A distributor is responsible for the marketing of films, how many copies to be made available. The distribution channel or the distributor is also responsible for to look for prospective buyers such as theaters, which are called exhibitor, they negotiate with the distribution channel on which movies they wish to lease and also on the term of the lease agreement. The agreement mainly focuses on several film screens and profit-sharing which is to be paid by the theaters to the distributor weekly and it will vary from 10%-50% if the movie is released in multiplex and if it is the single screen then 70%-90% share of total earnings would have to be given to the distributor. And this said percentage of shares has to be given after deducting 30% of Entertainment tax from the total revenue, it varies from state to state.

The distribution channel perhaps hires affiliate promoters or sales agents, who will look for prospective buyers for the movies and the distributor, will pay a certain percentage of commission to them accordingly.

“The distributor is the most important link between producers and theaters.”2

The distribution channel is free to choose, the process by which movies are to be shown to the public, either theatrically or through home streaming such as DVD, CD, TV, Video-on-demand, etc.

1. https://ift.tt/2UFn5LG

2. https://ift.tt/2UFn5LG

CHALLENGES PERTAINING TO DISTRIBUTION

Distributors around the world are still looking for innovative, profitable ones and entertaining films to present to their viewers. One of the interesting features of the cinema is that new talent can be found everywhere consequently, it becomes challenging for the small filmmakers to get a reliable distributor or distribution channel for their movies; as the distributor always heads for profitable and big stars movies which would give more profits/money.

The only way to get a reliable distribution channel is either they have to release their movies over free channels such as YouTube, etc. Or else they have to showcase their talent in film festivals such as “Cannes Film Festival” where they could win top prizes and when that happens, then such small right holders are deluged with distribution channels.

Aniruddha Roy Chowdhury, director of Bengali Films likes Antaheen and 2016’s runway Bollywood hit Pink says “Distribution is an important issue.”3

However, things are changing now production houses are becoming corporatized, they have been moving into the business of distribution, particularly in the overseas markets. Distributors were being marginalized as many producers are releasing films directly. As the cinema is having more corporate players, the distribution game is changing; producers are directly dealing with major Multiplex companies for distribution deals. Thus the main development that was taken place in cinema is that the production units are turning into corporate entities, numerous production units are venturing into the film distribution business. Hence, this will raise the common share of interest amongst them and perceptible amalgamation of the production and distribution businesses.

However, this will perhaps have a negative effect; there may be chances of arising conflict among them. This can be inferred from the following case FICCI-Multiplex Association of India Vs United Producers/Distributors.4

Here, FMAI simultaneously filed a case before the competition commission of India against UPDF & others, where FMAI has alleged that UPDF was demanding an unreasonable sharing ratio of a flat rate of 50% for all weeks and all types of films. It has also been alleged that there was an existence of an anti-competitive agreement amongst the producers/distributors including those who are not the members of UPDF.

3. https://ift.tt/2AnXsbq

4. CASE NO. 01 OF 2009

The competition commission established the allegation and imposed the penalty of one lakh on each of the opposite parties in the case.

Moreover, the Internet platform has destroyed the marketing strategy of the elite production and distribution units. A large number of people are accessing the internet and looking for online content, which is cheap and easily accessible for them from the comfort of their home. Online platforms like Netflix, Hotstar, Amazon Prime, YouTube, JioTv, etc., are on-demand nowadays as they are providing quality content, with a cheaper price tag. The latest movies and music can be downloadable easily over the internet with just a click. Although, the online platform has expanded the audience for media but has disrupted the market as well, per contra elite producers and distribution companies are not generating adequate revenue from their work and this becomes a matter of concern for them, as the internet has eliminated the distribution cost to a large extent and digital movies can be transferred from one country to another for pennies.

According to a report by EY India and FICCI, the online platform has drastically distorted the structure of entertainment and revenue from movies in the next two years.5

As estimated, India had over 480 million internet users across the globe. This figure would grow to over 600 million users by 2023, making it a huge market for internet services for the South Asian Country.6

Online platforms are growing at a rapid pace as limited laws are governing these platforms hence, content creators especially independent and small content creators are tirelessly working to create quality content to engage more consumers. They have chosen this platform to showcase their talent, as they can work without much interference of law.

5. https://ift.tt/3cZgJgj

6. https://ift.tt/3boG4iU

IMPORTANCE OF LEGAL INTERFERENCE

When we speak about cinema, the first thing which clicks our mind is that what is the total collection done by the movie, so basically cinema is a business and also has a huge impact on our economy.

According to the Economic Times, the film industry grosses a total revenue of Rs.13800 crore ($2.1 billion) and has the potential to hit $3.7 billion by 2020.7

And such businesses involve an ample number of contracts such as between Artist and Production units, distribution channels and production units, Exhibitor and distribution channels, and so on, etc., and such contracts are governed or protected by the laws of the country.

Moreover, because of the evolution of the internet and the increase of online users drastically, piracy has become a pain for the film industry and it also has a huge effect on our economy.

So to curb such illegal activity like piracy, dubbing, and for the protection of rights of original owners, the interference of law is foremost important. Some of the relevant laws have been discussed here;

· Copyright and Distribution of cinema.

Copyright law is the most important among all the other Intellectual Property Rights in the cinema industry. Cinema is all about artistic creation or expression of their ideas and which automatically subsist rights in the original creator. Per contra, it also gives protection to the rights of producer, rights of the distributor for distribution purpose. The copyright laws are essential to prevent piracy and counterfeiting in the cinema industry.

In case of infringement, the copyright act provides both civil and criminal remedies to the right holder.

“Supreme Court of India has directed to all the subordinate courts in India to decide intellectual property dispute within four months.”8

7. https://ift.tt/30FRJIK

8. Bajaj Auto Limited v. TVS Motor Company Limited, Civil Appeal No. 6309 of 2009 arising out of S.L.P.(C) No. 13933 of 2009

The copyright laws vary from country to country but the regulation relating to the transfer of rights, rules regarding the remuneration of authors and method of dispute resolution, the underlying principles are enshrined in Berne Conventions and relevant international treaties as administered by the World Intellectual Property Organization (WIPO).9

The copyright infringement cases include the unlawful distribution of copies of films by third parties, also involves cases where producer grants the use of copyright work for unlawful distribution to the masses. The infringement also includes a copy of the theme, character, expression, plot, etc., of copyright films.

“Delhi High Court has held that to make a copy of the film does not only mean creating a hard copy by the process of duplication.”10

· Competition Law and Film Distribution

Competition in the film industry, which has long been a concern, as producers, distributors, and exhibitors are always on the verge of horizontal and vertical integration to capture a large market or to create a monopoly in the market and to maximize their profits. Competition is the best method to ensure that consumers will have access to the broadest range of cinema at the best price. However, it becomes unfair when certain producers/distributors tend to create an anti-competitive market, by putting unreasonable restrictions or by restricting other smaller players from doing business. On such incidents, the Competition Law intervenes to protect the integrity or fairness of the markets as well the rights of small players.

9. https://ift.tt/2ztlL78

10. Yash Raj Films Pvt Ltd vs Sri Sai Ganesh Prosductions & Ors on 8 July, 2019

CONCLUSION

Distribution and commissioning are the linchpins of the film industry without which a movie cannot be successful no matter how big stars that movie cast. Distribution is marketing to make hefty revenue and earn back the money which was spent while making it. However, in the modern era, the concept of making revenue by distribution channels is quite changing as online platforms are on-demand which is eating away the distribution cost. People are bending towards the online platform as it gives easy and comfortable access with just one click. Although these platforms are good for the small and independent creator as they hardly get the elite distributor or distribution channels previously per contra it is pain for the distribution channels. Moreover, Corporatization is the latest development in the cinema industry which also affects the distribution service. Online piracy, dubbing and counterfeiting are worldwide issues. Although digital platforms are engaging more audience to media, the online content is still in a budding stage across the globe and stringent laws are required to regulate the space. Most importantly Censorship and licensing is the need of time for these companies.

At last, I suggest with modernization the law has to change, there should be more transparency in the distribution lease agreement so that market competition should be fair and provide equal opportunity to grow.

REFRENCE

1. https://ift.tt/2UFn5LG

2. https://ift.tt/373eW85

3. https://ift.tt/2meuhf6

4. https://ift.tt/2UGX0vx

5. https://ift.tt/2UFZTgp

6. https://ift.tt/2MWIP16

7. https://ift.tt/2Ao5roT

8. https://ift.tt/37yUaOE

Author: Arun Shrestha, Legal Intern at Legal Desire (June, 2020) Arun Shrestha, Student of LL.B from ICFAI University, Sikkim. His area of interest are IPR, the Cyberlaw, Constitution and Human Rights

The post Distribution and Commissioning Service Work in the Cinema Industry appeared first on Legal Desire.

Distribution and Commissioning Service Work in the Cinema Industry published first on https://immigrationlawyerto.tumblr.com/

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sheminecrafts · 4 years

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Mobile payments firms in India are now scrambling to make money

Vijay Shekhar Sharma, founder and chief executive of India’s most valuable startup, Paytm, posed an existential question in a recent press conference.

“What do you think of the commercial model for digital mobile payments. How do we make money?” Sharma asked Nandan Nilekani, one of the key architects of the Universal Payments Infrastructure that created a digital payments revolution in the country.

It’s the multi-billion-dollar question that scores of local startups and international giants have been scrambling to answer as many of them aggressively shift their focus to serving merchants and building lending products and other financial services .

New Delhi’s abrupt move to invalidate much of the paper bills in the cash-dominated nation in late 2016 sent hundreds of millions of people to cash machines for months to follow.

For a handful of startups such as Paytm and MobiKwik, this cash crunch meant netting tens of millions of new users in a span of a few months.

India then moved to work with a coalition of banks to develop the payments infrastructure that, unlike Paytm and MobiKwik’s earlier system, did not act as an intermediary “mobile wallet” to serve as an intermediary between users and their banks, but facilitated direct transaction between two users’ bank accounts.

Silicon Valley companies quickly took notice. For years, Google and the likes have attempted to change the purchasing behavior of people in many Asian and African markets, where they have amassed hundreds of millions of users.

In Pakistan, for instance, most people still run errands to neighborhood stores when they want to top up credit to make phone calls and access the internet.

With China keeping its doors largely closed for foreign firms, India, where many American giants have already poured billions of dollars to find their next billion users, it was a no-brainer call.

“Unlike China, we have given equal opportunities to both small and large domestic and foreign companies,” said Dilip Asbe, chief executive of NPCI, the payments body behind UPI.

And thus began the race to participate in the grand Indian experiment. Investors have followed suit as well. Indian fintech startups raised $2.74 billion last year, compared to 3.66 billion that their counterparts in China secured, according to research firm CBInsights.

And that bet in a market with more than half a billion internet users has already started to pay off.

“If you look at UPI as a platform, we have never seen growth of this kind before,” Nikhil Kumar, who volunteered at a nonprofit organization to help develop the payments infrastructure, said in an interview.

In October, just three years after its inception, UPI had amassed 100 million users and processed over a billion transactions. It has sustained its growth since, clocking 1.25 billion transactions in March — despite one of the nation’s largest banks going through a meltdown last month.

“It all comes down to the problem it is solving. If you look at the western markets, digital payments have largely been focused on a person sending money to a merchant. UPI does that, but it also enables peer-to-peer payments and across a wide-range of apps. It’s interoperable,” said Kumar, who is now working at a startup called Setu to develop APIs to help small businesses easily accept digital payments.

Vice-president of Google’s Next Billion Users Caesar Sengupta speaks during the launch of the Google “Tez” mobile app for digital payments in New Delhi on September 18, 2017 (Photo: Getty Images via AFP PHOTO / SAJJAD HUSSAIN)

The Google Pay app has amassed over 67 million monthly active users. And the company has found the UPI pipeline so fascinating that it has recommended similar infrastructure to be built in the U.S.

In August, the Federal Reserve proposed to develop a new inter-bank 24×7 real-time gross settlement service that would support faster payments in the country. In November, Google recommended (PDF) that the U.S. Federal Reserve implement a real-time payments platform such as UPI.

“After just three years, the annual run rate of transactions flowing through UPI is about 19% of India’s Gross Domestic Product, including 800 million monthly transactions valued at approximately $19 billion,” wrote Mark Isakowitz, Google’s vice president of Government Affairs and Public Policy.

Paytm itself has amassed more than 150 million users who use it every year to make transactions. Overall, the platform has 300 million mobile wallet accounts and 55 million bank accounts, said Sharma.

Search for a business model

But despite on-boarding more than a hundred million users on their platform, payment firms are struggling to cut their losses — let alone turn a profit.

At an event in Bangalore late last year, Sajith Sivanandan, managing director and business head of Google Pay and Next Billion User Initiatives, said current local rules have forced Google Pay to operate in India without a clear business model.

Mobile payment firms never levied any fee to users as a strategy to expand their reach in the country. A recent directive from the government has now put an end to the cut they were receiving to facilitate UPI transactions between users and merchants.

Google’s Sivanandan urged the local payment bodies to “find ways for payment players to make money” to ensure every stakeholder had incentives to operate.

Paytm, which has raised more than $3 billion to date, reported a loss of $549 million in the financial year ending in March 2019.

The firm, backed by SoftBank and Alibaba, has expanded to several new businesses in recent years, including Paytm Mall, an e-commerce venture, social commerce, financial services arm Paytm Money and a movies and ticketing category.

This year, Paytm has expanded to serve merchants, launching new gadgets such as a stand that displays QR check-out codes that comes with a calculator and a battery pack, a portable speaker that provides voice confirmations of transactions and a point-of-sale machine with built-in scanner and printer.

In an interview with TechCrunch, Sharma said these devices are already garnering impressive demand from merchants. The company is offering these gadgets to them as part of a subscription service that helps it establish a steady flow of revenue.

The firm’s Money arm, which offers lending, insurance and investing services, has amassed over 3 million users. The head of Paytm Money, Pravin Jadhav, resigned from the company this week, a person familiar with the matter said. A Paytm spokeswoman declined to comment. (Indian news outlet Entrackr first reported the development.)

Flipkart’s PhonePe, another major player in India’s payments market, today serves more than 175 million users, and over 8 million merchants. Its app serves as a platform for other businesses to reach users, explained Rahul Chari, co-founder and CTO of the firm, in an interview with TechCrunch. The company is currently not taking a cut for the real estate on its app, he added.

But these startups’ expansion into new categories means that they now have to face off even more rivals, and spend more money to gain a foothold. In the social commerce category, for instance, Paytm is competing with Naspers-backed Meesho and a handful of new entrants; and heavily-backed OkCredit and KhataBook today lead the bookkeeping market.

BharatPe, which raised $75 million two months ago, is digitizing mom and pop stores and granting them working capital. And PineLabs, which has already become a unicorn, and MSwipe have flooded the market with their point-of-sale machines.

A vendor holds an Mswipe terminal, operated by M-Swipe Technologies Pvt Ltd., in an arranged photograph at a roadside stall in Bengaluru, India, on Saturday, Feb. 4, 2017. (Photographer: Dhiraj Singh/Bloomberg via Getty Images)

“They have no choice. Payment is the gateway to businesses such as e-commerce and lending that you can monetize. In Paytm’s case, their earlier bet was Paytm Mall,” said Jayanth Kolla, founder and chief analyst at research firm Convergence Catalyst.

But Paytm Mall has struggled to compete with giants Amazon India and Walmart’s Flipkart. Last year, Mall pivoted to offline-to-online and online-to-offline models, wherein orders placed by customers are serviced from local stores. The company also secured about $160 million from eBay last year.

An executive who previously worked at Paytm Mall said the venture has struggled to grow because its goal-post has constantly shifted over the years. It has recently started to focus on selling fastags, a system that allows vehicle owners to swiftly pay toll fees. At least two more executives at the firm are on their way out, a person familiar with the matter said.

Kolla said the current dynamics of India’s mobile payments market, where more than 100 firms are chasing the same set of audience, is reminiscent of the telecom market in the country from more than a decade ago.

“When there were just four to five players in the telecom market, the prospect of them becoming profitable was much higher. They were scaling like crazy. They grew with the lowest ARPU in the world (at about $2) and were still profitable.

“But the moment that number grew to more than a dozen overnight, and the new players started offering more affordable plans to subscribers, that’s when profitability started to become elusive,” he said.

To top that off, the arrival of Reliance Jio, a telecom operator run by India’s richest man, in 2016 in the country with the cheapest tariff plans in the world, upended the market once again, forcing several players to leave the market, or declare bankruptcies, or consolidate.

India’s mobile payments market is now heading to a similar path, said Kolla.

If there were not enough players fighting for a slice of India’s mobile payments market that Credit Suisse estimate could reach $1 trillion by 2023, WhatsApp, the most popular app in the country with more that 400 million users, is set to roll out its mobile payments service in the country in a couple of months.

At the aforementioned press conference, Nilekani advised Sharma and other players to focus on financial services such as lending.

Unfortunately, the coronavirus outbreak that promoted New Delhi to order a three-week lockdown last month is likely going to impact the ability of millions of people to use such services.

“India has more than 100 million microfinance accounts, serviced in cash every week by gig-economy workers, who hawk vegetables on street corners or embroider saris sold in malls, among other things. Three out of four workers make a living by working casually for others or at their family firms and farms. Prolonged shutdowns will impair their ability to repay loans of 2.1 trillion rupees ($28.5 billion), putting the world’s largest microfinance industry at risk,” wrote Bloomberg columnist Andy Mukherjee.

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awesomecolorfulcollectorwombat · 6 years

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The Race To $1 Trillion, But What About $2 Trillion?

New Post has been published on http://indolargeprints.com/the-race-to-1-trillion-but-what-about-2-trillion/

The Race To $1 Trillion, But What About $2 Trillion?

Which company is going to reach the notorious $1 trillion market cap first? Apple (AAPL) will but Amazon (AMZN) will whiz by to be the first to $2 billion. Let’s take a look at the numbers…

By the Numbers

Company

Share Price

Market Cap

% Increase to $1 Trillion

Apple

$192.64

$941 billion

5.6%

Amazon

$1,711

$822 billion

20.65%

Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL)

$1,151.78

$788 billion

26.06%

Microsoft (NASDAQ:MSFT)

$101.65

$781 billion

28.04%

Company

Share Price at $1 Billion

Apple

$203.42

Amazon

$2,063.18

Alphabet

$1,451.79

Microsoft

$129.47

Only the top 4 companies by market cap were included because Facebook (NASDAQ:FB) was fifth and the market cap was around $555 billion at $192 per share. So it basically needs to double before Apple has to go up 5.6%. Possible but not plausible.

So you can see by the numbers Apple looks to be the winner. Especially since the company only trades for 18x earnings, pretty much in line with the S&P 500 (SPX). Even intuitively, Apple reaching $203 before Amazon reaching $2,063 just seems way more possible.

If the question was posed, which company will reach $2 trillion first, a lot of people would have bet on Amazon. Granted, Apple was undervalued a couple of years ago, especially when it bottomed around $90/share and Buffett, or more appropriately Combs and Weschler, backed up the truck. But Amazon’s rate of innovation and the growth of AWS led me to believe Amazon would win the foot race.

Also, Apple has bought back stock aggressively, spending over $275 billion over the past 6 or so years on buybacks and dividends. So it only makes sense that Apple is here, about to cross the finish line first.

The Race To $2 Trillion

But what about $2 Trillion? Which company is going to reach that historic landmark first? Honestly, it would not be extremely surprising if a company not even public right now managed to reach $2 trillion first, but from this vantage point, the easy answer is Amazon. The other three companies here don’t stand a chance. And for one reason: fear of failure. Amazon is not afraid to fail and that has given them a huge sustainable advantage in the form of the culture.

In other words, the company’s mindset is completely different from Apple or Microsoft. The people aren’t smarter, everyone at these companies is a genius. It’s about how those geniuses function in the context of the business. In this department, Amazon will win every time. It has proven itself time and time again. Reading a quarterly press release from Amazon is pure silliness; the highlights section goes on and on and on. There seems to be so much innovation, even the press release can’t handle it.

How Amazon Will Get There

There won’t be a comprehensive model of Amazon’s revenue, split into the three operating segments: AWS, North America and International because well, Amazon is so unpredictable. Instead, just retail and AWS will be considered. This is mostly because the quarterly numbers for the past four years and the financials do not lend themselves to pattern recognition. The only real trends are that cash flow has been strong and revenue has accelerated in the past year, due in part to the Whole Foods acquisition, which is absolutely incredible at this scale.

A slight acceleration might give the company around $240 billion in net sales at the end of this year. Nearly a quarter trillion! About 10% of that will most likely be AWS revenue, which accounts for more than 100% of operating income. Yes, you read that right, more than 100%.

It would be surprised if the company reaches $2 trillion before 2021 honestly. However, in just three years, there will probably be so many innovations investors never even saw coming.

But just some quick, back-of-the-napkin math perhaps.

Year

Total Sales at 25% Growth

AWS Sales at 40% Growth

Retail Value (2x sales)

AWS Value (40x EBIT at 30% opm)

2018

$235 billion

$24 billion

–

2019

$294 billion

$34 billion

–

2020

$367 billion

$47 billion

–

2021

$459 billion

$66 billion

$902 billion

$800 billion

2022

$574 billion

$92 billion

$964 billion

$1,104 billion

This is very rough math but it just goes to show that even for Amazon, it will not be easy to reach $2 trillion. Let’s break down some of the math.

The retail value was derived from taking the net sales and subtracting AWS sales (574-92) = 482 and giving it a 2x sales multiple = 964 billion.

To break down the growth in the retail segment, Amazon’s revenue has actually been accelerating in the last couple of years. In 2015, sales grew by 20%, in 2016, growth was 27% and this past year’s numbers shot to 30%.

The pay-offs for years of innovation are just rolling in. In the past quarter, revenue re-accelerated to 43%. An impressive feat for a company of Amazon’s scale. Over the next three or so years, 25% as a revenue growth estimate might be a little aggressive but you cannot deny the technological advancements. For example, apparently almost 30 million Alexas have been sold. Some reports peg this voice-enabled technology market at $55 billion.

And the company is, of course, attacking many other industries. According to some reports, Prime Video has over 26 million watchers and in 2017, Amazon sent nearly $5 billion on original content. And some reports estimate the online streaming industry to reach $82 billion by 2023.

Even more, the Whole Foods acquisition has certainly accelerated the grocery delivery business, a market expected to reach $100 billion by 2025. But the Amazon juggernaut will be a serious player in logistics in the far but not too distant future. Last year, the company unveiled a $1.5 billion hub for its cargo planes. For just its planes! As it funds more the purchasing of more assets through current business operations, it continues to cement its competitive advantage.

For instance, buying more trucks for delivery gives Amazon more control over delivery times, meaning more customers will sign up for Prime, meaning it can fund more trucks. It’s really a beautiful cycle, one that JD.com (NASDAQ:JD) has taken very seriously. The size of this global market is immense. Some estimates have it in the trillions, which Amazon could take a small bite of.

It is much different than an asset-light model but it gives the company a huge structural advantage, enabling a better customer experience. This is all to say that the company’s retail segment can grow and grow and grow. It doesn’t seem to be slowing down anytime soon.

And if Amazon reached $574 billion in revenues, the company would still have less than 10% of just North America’s retail market. Plus, with forays into the pharmaceutical industry, Amazon just keeps expanding its markets. Now we have covered grocery delivery, video streaming, logistics, voice-enabled devices, and now drugs. For instance, McKesson (MCK), does over $200 billion in sales for distributing drugs every year. It is possible for Amazon to get a small piece of that.

So all in all, the company has a lot of optionality in terms of the industries it can attack and has decided to attack. The crazy part is that this doesn’t even include international expansion.

To add it all up by the year 2022 (author’s estimates based on reports):

– Voice-enabled tech: $55 billion

– Online streaming: $75 billion

– Grocery delivery: $80 billion

– Logistics: realistically $5 trillion

– Pharmaceutical distribution: $200 billion

– Retail: $5 trillion

Total TAM: $10.4 trillion

Of course, Amazon’s respective market shares of each of these markets varies widely. In logistics and pharmaceuticals, it is practically nothing right now. But it has more than two-thirds of the market in voice-enabled technology. The retail category will naturally move more towards Amazon. Estimates have the e-commerce market at $5 trillion in 2022, up from $2.8 trillion this year. It is likely that the company will capture a sizable piece of that growth.

If the incremental growth in only e-commerce is $2.3 trillion, it is likely that Amazon can add over $300 billion in revenues in the next four years, adding in all the other industries it is involved in as well. Capturing just 10% of that incremental $2.3 billion, leaves the company with revenues of $230 billion. It is likely that Amazon can capture an additional $70 billion from the combination of industries discussed above.

The AWS value came from a 30% operating margin on the 2021 number ~20 billion with a 40x EBIT multiple = 800 billion.

One could go on and on about AWS, but it really is a powerhouse. On the last earnings call, Bezos noted that he and his team got a seven-year head-start. In something that moves as quickly as computing, seven years is a huge gap to make up. Only now is Microsoft catching up a little bit with Azure. Even Buffett had to comment.

The fact is that AWS is a gorilla and it will continue to be. By 2022, the cloud computing market is pegged at $210 billion. Currently, the company commands 47% market share so the estimate of $92 billion in four years is not far-fetched at all. In fact, it actually factors in a bit of market share deterioration to 44%.

So all in all, we get over $2 trillion for a market cap, more than a double from today’s levels, or about 26% annual returns after 4 years. That seems like a tall order but then again, it’s Amazon.

Guessing – Why Not?

To guess, Amazon will surpass the $2 trillion mark in the third quarter of 2022. There you have it. Will that be wrong? Almost guaranteed, but based on some quick numbers and knowledge of Amazon’s intensity and innovation, that estimate is plausible.

Apple will reach $203 per share pretty soon. But Amazon will likely be the first company to reach $2 trillion, a crazy number to believe, more than 10% of the US’s current GDP.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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ramialkarmi · 7 years

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Should you be scared of Amazon? (AMZN)

About a month ago, New York Times columnist Farhad Manjoo helped coin a new term for the top-five tech companies that are increasingly dominating our lives: The Frightful Five, better known as Apple, Google, Microsoft, Amazon, and Facebook.

The top of his list? Amazon.

Farhad's argument was that he's increasingly dependent on Amazon for buying stuff and entertaining his family. That's true.

But I'd argue Amazon's reach goes deeper than that, deeper than any other company inside or outside the tech world. And its grip on our lives is only getting stronger, which raises some serious questions we haven't had to ask ourselves about the power and influence a tech company can have over our lives.

Out of the Frightful Five, Amazon is the company you should fear the most.

Amazon's surprise $13.7 billion acquisition of Amazon is the latest example. We already knew Amazon had ambitions to break into the grocery business through the Amazon Fresh delivery service and the futuristic cashier-free convenience stores, but this is a whole other level — a subtle troll that the online retail giant can creep its way back into the physical world and take over a popular chain of supermarkets.

But let's talk about everything else Amazon has its grip on and how it continues to hold greater influence over:

Cloud computing. Amazon Web Services powers many of the apps and websites you use every day. (Remember when an Amazon outage took down a large chunk of the internet?)

Artificial intelligence. Amazon has quickly become a leader in AI thanks to its Alexa assistant, which has opened up a new world of voice-powered computing.

Logistics. Through Amazon Air, Amazon plans to use drones and its own planes to deliver goods. It's also experimenting with autonmous trucking. Many have speculated that one day Amazon won't need to rely on UPS, FedEX, or the Postal Service to deliver stuff.

Entertainment. Amazon has dumped millions into original TV programming and movies. It also runs a streaming music service, and lets you buy digital music and video.

Food. Between Whole Foods, those futuristic grocery stores, and the Fresh delivery service, Amazon is poised to be one of the largest grocers in the country.

Health. According to a CNBC report, Amazon is thinking about getting it the prescription drug business.

Retail and e-commerce. This one is self-explanatory.

There's more. Amazon's influence extends to other industries indirectly through CEO Jeff Bezos' personal investments:

News media. Bezos owns The Washington Post and a small percentage of Business Insider.

Outer space. Bezos owns a rocket company, Blue Origin, that's building reusable rockets.

AMAZON, 1998: hello we sell books but online AMAZON, 2023: please return to your Primehouse for your nightly Primemeal, valued Primecitizen

— KRANG T. NELSON (@KrangTNelson) June 16, 2017

That's a lot of stuff that affects you every day from a company that started selling books online back in the 90s. Now it's hard to find a need Amazon can't fill.

That raises some serious, potentially scary questions if Amazon's influence and capabilities continue to grow. Should one conglomerate have that level of control over the future of so many vital industries people rely on? What kind of check will there be on that power, if any?

Granted, it's a little early to be thinking about all this. Most of the verticals Amazon is involved in are still dominated by traditional companies. But as we saw in the market's reaction to the Whole Foods deal on Friday, it's clear that there's a strong possibility we're accelerating toward a future where there's a digital layer on top of everything we do. And the company best equipped to deliver all is Amazon. There's literally no one else in a position to compete.

That's a lot of power concentrated in one conglomerate, and puts Amazon in a position where it's a company to fear.

SEE ALSO: The creator of Android explains how his new phone will take on Apple and Samsung

Join the conversation about this story »

NOW WATCH: Scott Galloway explains exactly why Amazon would buy Whole Foods (when he predicted it last month)

#Tech Insider #Arab #Entrepreneurship #sillicon alley insider

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jobsearchtips02 · 4 years

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from Job Search Tips https://jobsearchtips.net/take-a-proish-headshot-with-just-an-iphone-and-30-of-gear/

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jobsearchtips02 · 4 years

Text

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from Job Search Tips https://jobsearchtips.net/wildfires-rage-across-arizona-as-states-covid-19-cases-surge/

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Text

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from Job Search Tips https://jobsearchtips.net/golf-legend-jack-nicklaus-on-inspiring-loyalty-and-staying-the-course/

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