Financial System is the most important institutional and functional vehicle for economic transformation of any country. Banking sector is reckoned as a hub and barometer of the financial system. As a pillar of the economy, this sector plays a predominant role in the economic development of the country. The geographical pervasiveness of the bank coupled with the range and depth of their services make the system an indispensable medium in every day transactions. The virtual monopoly of banks in `Payment Mechanism' touches the lives of millions of people every day and every where. Thus the banking sector has been playing a significant role as growth facilitator

The Solution Model 

As Change is the only constant factor in this dynamic world and banking is not an exception. The changes staring in the face of bankers relates to the fundamental way of banking-which is undergoing rapid transformation in the world of today, in response to the forces of completion productivity and efficiency of operations, reduced operating margins better asset/liability management, risk management, any time and any where banking. The major challenge faced by banks today is to protect the falling margins due to the impact of competition. Another significant impact of banks today is the technology issue. There is an imperative need for not mere technology up gradation but also its integration with the general way of functioning of banks to give them an edge in respect of services provided to optimizing the use of funds and building up MIS for decision making and better management of assets and liabilities and risk assumed which in turns have a direct impact on the balance sheet of banks as a whole. Word over, technology has demonstrated potential to change methods of selling marketing, advertising, designing, pricing and distributing financial products of an electronic, self-service product delivery channel. All these changes call for a new, more dynamic, aggressive and challenging work culture to meet the demands of customer relationships, product differentiation, brand values, reputation, corporate governance and regulatory prescriptions.

Huge Infrastructute and increasing no of agents in this highly competitive market in the insurance industry becomes an advantage for the insurance company but at the same time it is a matter of concern for them as well.Challenges are mounting for insurers as profitability translates into a hard look at cost reduction due to high amount of unutilised resources.People have become more skeptical in choosing insurance agency as the main source of income which keeps them productive only for a short time.Insurance companies today have a very high ratio of agents who are not adding business to the companies kitty as expected. Getting regular business is one of the major challenges that the insurance companies face Today.

Increased competition. Rising customer expectations. Heightened compliance requirements. Insurance carriers are faced with unique challenges in their quest to improve profitability, reduce costs and strengthen relationships with Customers and business partners.

The Solution Model

Today as the Insurance industry is in immense shortage of Agents who REGULARLY and CONSISTENTLY give business , a major chunk of business comes only thru the newly recruited agents , intense competition and rising expectations of financial performance, all insurers have to ensure optimum utilizatition of the existing HUMAN CAPITAL resource. After acquiring a deeper understanding of current and future needs and the number of Unique Hurdles of the Insurance Professionals, mapping out the right products for groups, individuals and other prospects.This is to be communicated to customers thru the AGENTS using the most efficient channels (IN-HOUSE & OUT-HOUSE).The required level of TRUST , MOTIVATION & ENTREPRENEURIAL SKILL has to be generated in the agents thru RESULT ORIENTED TRAINING PROGRAMS.The training programs have to ensure that they SUPPORT,ENCOURAGE,CLARIFY & CHALLENGE themselves and perform to the highest level consistently.

With the kind of large INFRASTRUCTURE Insurance companies have the need for the hour is increasing the business . In simplest terms, business is the act of acquiring new customers, retaining existing customers and growing customer relationships to maximize profits. So it's no surprise that successful organizations have to constantly look for ways to improve their business to create experiences that are more relevant, more satisfying, more effective and more efficient.

Insurance providers have to tap into previously underutilized resource — customer, Agents and channel intelligence — to improve virtually every critical business process, developing profitable line extensions. Sales and marketing professionals have to customizing correspondence, from Explanation of Non Performance to Generating Results.And operations managers have to reengineer business processes to reduce errors and improve productivity.

India and its impressive growth story had made many sit back and take notice.It was one of the few countries, whose economy had done well in the last few years. But, this was true only of a few sectors, which had grown drastically and had triggered growth for the economy on the whole. It was interesting as well as ironical, that while on the one hand the IT sector was booming, registering growth and development for the country, on the other, primary education was in an abysmal state and languished without proper policy and investment. It is this undesirable condition of primary education, and its dangerous portents for the future growth of the economy that.

The Indian educational system is full of disparities.On the one hand, India possessed some of the finest brains in the world. Its engineers, doctors and management graduates had won laurels from all over the world. Most of the MNCs are setting up offices in India, and “knowledge process outsourcing” had become the latest catchword of the day. Yet there exists an ugly face in terms of India’s record in primary education.Other developing countriesii, including some of India’s neighbors had done far better in the area of primary education. These countries, such as, China, Srilanka,Thailand etc. had universalized primary education much earlier. India was extremely slow to universalize the primary education, thus depriving many of  its potentially bright children of the advantages of education. The decision to universalize primary education had increased the enrollments in the primary schools, however, the drop out rates of children from elementary schools remained very high.Further, the drop out rate was almost 7% higher for females at the primary level.

 

The Solution Model

The ideal solution to deliver high quality education would need A Complete Transformation .

• Retain the Smiles of Children

• Defined Role of Parents

• Create Willing Learners

• Create Life Long Learners

• Create Autonomous Learners

•  Recognise & Nurture Talents.

• Manage knowledge collectively

• Cultivating apptitude for Entrepreneurship

THE EDUCATION SYSTEM HAS A TREMENDOUS RESPONSIBILITY TO TRANSFORM A CHILD INTO A LEADER -- THE TRANSFORMATION FROM

"WHAT CAN YOU DO FOR ME"

TO

"WHAT CAN I DO FOR YOU ?"

The most important part of education is to inculcate in the students the spirit of

"We Can Do It"

Whatever model is adopted, it has to ensure result, any model would need to keep the teachers, students, society and Government answerable to one another. There are ways to combine all these into an innovative and holistic solution.

Almost inevitably,the thoughts drift towards the use of information technology as a magic bullet that would solve many problems. There was no doubt that as things stand today information technology had created a digital divide, which had worsened the situation of the children of disadvantaged sections, by creating information barriers. Quality information available through the Internet and computer was a costly affair and not accessible to children from disadvantaged sections. But, most of the children from better off sections could afford computers and Internet either at school or at home. Lack of such exposure also reduced the chances of employment of these children when they entered the job market, as most of the jobs required basic understanding of computers and Internet. All students should learn how to use technologies for aiding their learning process.The Teachers job becomes more important with the technologies.