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Are you driving your firm at the right speed?

Posted by Eff Team on  February 16, 2021
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Category: Article, Blogs
If you wish to go from Mumbai to Bangalore by a car and you wish to reach there in 24 hours, what all calculations you need to make? Just find the distance between the two places – which is say 1000 Kms and divide it by time available which is 24 hours. So, answer is approximately 42 kms per hour. So, if you go by 60 kms per hour you would easily be able to

Opportunity cost of Misinterpretation

Posted by Eff Team on  February 9, 2021
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Category: Article, Blogs
A man buys 50 apples for Rs. 10 each and plans to sell them at Rs.15 per apple. He sells 40 apples at Rs. 15 each in the morning. In the afternoon, his regular customer comes, who is willing to buy all the remaining 10 apples from him, at Rs. 15 each. At the time of delivery, the seller discovers that 1 apple is rotten and not fit for consumption. Now he has two options

Cost of compliance- Measure it, Reduce it

Posted by Eff Team on  January 12, 2021
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Category: Blogs
Dodd and Frank act, claimed to be the biggest act ever, introduced in 2010 for regulating banks in US, affected the incomes of the banks (big and small) significantly. It is estimated that due to this law, the non interest costs of the banks in US have gone up by $ 50 billions annually. Smaller banks have been hit harder due to disproportionate increase in their compliance cost. In India too, the compliance costs have

Master the art of blending – with EFF Factor

Posted by Eff Team on  December 29, 2020
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Category: Blogs
Blended whiskies were considered as inferior product compared to the single malt. But the best voted whiskies like Hibiki, Taketsuru, are blended whiskies and are proving the notion that “single malts are the best” to be no longer true. Chivas Regal came out with the event last year called “The blend” to educate the whisky lovers the art of blending their own whiskies. At the event Chivas team supplied the guests, with 5 small bottles

Can levy of penalty prevent defaults?

Posted by Eff Team on  December 15, 2020
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Category: Uncategorized
Principal of a school was quite irritated with the parents coming late to pick up their children after the school was over. This was forcing some teachers to wait for hours till the last child was Picked up. Principal had a brilliant idea . The school started charging the parents Rs. 10 for each hour of delay. Did it work? The new policy was a disaster. Now, the grumbling teachers found that the number of
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