NextQ192

'Tastebuds Coffee' Company has grown to an international brand. As the world's biggest coffeehouse company, it continues to lead the industry in sustainable business and innovation. Now, the company wants to enter the Indian market. Quoting the lines from the following, evaluate favourable and unfavourable conditions in the country's political, economic, social, technological, legal and environmental setting that the company should consider to enter the Indian market. The Indian economy has been subjected to a series of positive economic reforms since 1991 which had created a better working environment for foreign companies and has made it possible for foreign investors to operate in the country more easily. Taking into consideration the polity in India as a whole, the bureaucracy complications and the regulatory FDI controls and regulations, it is safer for it to enter India only via a joint venture or a strategic alliance with an Indian company that can provide a buffer from possible political tension. Furthermore, it can face some opposition from the existing competitors like CCD, Barista, etc. It has opportunity to increase its revenues based on increasing demand for speciality coffee, which is due to a growing coffee culture and a growing middle class around the world. Also, the company has the opportunity to widen its array of more healthful products to attract health-conscious consumers to its cafés. The company also has the opportunity to improve its supply chain efficiency based on new technologies used by coffee farmers. However, the rising availability of home-use speciality coffee machines is a threat to the company because it increases the availability of substitutes to its products. The company also has planned to offer most of its products in recyclable packaging. However, increasing employment regulation, especially in developing countries, threatens its access to the labour market.

Creativity & InnovationStudy Simplify SpecialPYQ3LQCase_Based
Question 191
Passage
Yash was not too keen to take up his family run business-making bamboo baskets. As the business was not doing well, he did not want to take up his family business. He started searching for new market opportunities. One day while having food in a restaurant, he overheard the owner talking about the difficulty in disposing the plastic and thermocol crockery used in the restaurant. Being creative in his approach, Yash started looking into various options of making bamboo plates which can be used in restaurants. He discussed the idea with his father who advised him to go ahead as this idea will translate into an application which has commercial value. (a) Identify the process which involves the translation of a useful idea into an application which has commercial value.
Question 13LQCase_Based
(b) State the elements involved in the process identified in (a) above.
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