SHEMBLOG

The Director of Education, which collaborated with Goa State Infrastructure Development GSID, has started it work to reconstruct the school facilities in the state. According to reports published in the state dailies, GSID has designed interactive classrooms and computer rooms for schools in Goa. It may worth be mentioning here that education infrastructure throughout India needs to be reconstructed and new equipments need to be installed to advance the educational development in the country.

As per the model designed for the schools, pupils will now be facing each other instead of the traditional classroom arrangement of the seats. Classrooms have been designed in such a way that the seating arrangement would be fashioned in a circular design, allowing students to have a visual contact over each other as well the teacher.

The managing Director of SHEMFORD Group of Schools, Mr. Amol Arora has appreciated the idea of modernizing the present day schools. Mr. Arora has participated in a number of workshops that were aimed at providing better means of education in the country.

A comparison between the popular schools in the West and the schools in India reveals that educational infrastructure here is still at the lagging end. As news schools and institutions are being equipped with the necessary equipments and provisions, we hope that the quality of education will improve over the course of time. However, all concerned agencies must be obliged to share the responsibility.

For every prospective business design, the main idea is to reduce the risk factors or reduce the chances of failure. In this respect, Franchising provides the best-possible business mould where the main purpose is to make sure that the franchisor and franchisee both benefit. The franchisee is assured of minimization of risk whereas the franchisor is guaranteed a royalty fee in return. The franchisor has to look after the interests of the franchisee because of his own vested concerns. An unsuccessful franchisee would translate into no royalty being forwarded. Therefore, the franchisor makes sure to impart as much training/skills/support to the franchisee. In comparison, new start-up businesses have the risk of failure whereas the best franchise opportunities offered by reputed brands, companies make sure that the franchisee earns profits from its very inception.

Common Practices
The franchisee-franchisor relationship is an ongoing process, like a continued association with a common goal. The best franchise opportunities have the parent organisation or the franchisor making sure that the franchisee doesn’t commit the same mistakes that had been committed when the business was initiated and had just started function. It is the duty of the franchisor to make sure that the wisdom gained from years of practice is passed on to the franchisee. The franchisee in turn is responsible for making use of these tips and providing an honest feedback regarding the relevance of the training/support provided by the franchisor.

Best Franchise Opportunities
1. Becoming a Master Franchisee — a master franchisee has an assured method of getting an income when compared to a normal franchise operator. As a master franchise, there is the provision of generation on income through personally-owned stores with a reduced royalty/franchise fee. In addition, a master franchisee can generate income through —
• Franchise Fees from a number of subordinate franchisees.
• Ongoing Royalties — this is the master franchisees main source of income source.
• Fee for products that are a part of additional services.
• Whenever, real estate is involved in a franchisee’s location, the master franchisee is usually involved in development of the site and basic infrastructure and charges a certain fee for it.
2. Buying an Existing Franchisee — sometimes people prefer to buy franchisees that are already functioning and bringing in profits. This is the most assured form of becoming a franchisee but it is quite expensive to buy a profit-making franchisee.

The Indian Institute of Management, Bangalore — IIM (B) has the honour of being awarded as the best B-School in India. The award was presented at the prestigious Eduniversal World Convention, La Sorbonne, Paris in France. The ceremony took place on November 4, 2008. IIM, Bangalore has been recognized among nine Eduniversal-defined geographical zones. These included Latin America, Northern America, Africa, Middle East, Central Asia, Far Eastern Asia, Oceania, Eastern Europe and Western Europe.

The initial selection was made by the Eduniversal International Scientific Committee. IIM (B) faced close competition from 27 other reputed global business schools. The competition was tough and this can be judged from the fact that IIM (B) was chosen from a total of nearly 1000 business schools, chosen from 153 countries. Eventually, IIM Bangalore was awarded as the Best Business School in Central Asia region. It was closely followed by IIM Ahmedabad.