Kaizen, The Strategic Management Society

We hear about Electric Vehicles quite often these days but it’s not a new concept; the very first electric car was invented in the 1800's. In recent times, many big companies such as Tesla, Nissan, Ford, and Volkswagen are trying to make EVs the more preferable choice among customers. EVs are transfiguring the world of transportation. They use an electric motor in place of an internal combustion engine and run-on electricity which makes them environment friendly and eliminates the need for non-renewable energy resources such as petrol and diesel. Apart from reducing the toll on the environment, it is cost-effective, user-friendly, and requires low maintenance. EVs also have remarkable emission benefits over conventional vehicles. More than 50% of the pollution in India is caused due to conventional vehicles. With the ever-increasing threat of climate change and with pollution levels soaring high, it’s time that India switches to a cleaner energy alternative and welcomes electric ve...

“By 2070 India will achieve the target of net-zero emissions.” Prime Minister Narendra Modi made a strong commitment during the Cop26 Global Climate Summit. India currently is the world’s third-biggest emitter of greenhouse gases after China that announced a net-zero target for 2060 and the United States, with a large historical emission, claiming to decarbonize by 2035.  This signal of climate action, if implemented properly, could yield great results to abate global warming. But first, we need to understand what exactly does it mean to be net-zero? It means to achieve a balance between the greenhouse gases put into the atmosphere and those taken out. In simpler terms cutting down the carbon, we produce. These greenhouse gases could be removed via nature, as trees absorb carbon dioxide from the atmosphere, or through new technology or changing industrial processes. During the summit, 5 pivotal points were presented by the Prime Minister to fight against this challenge. Associating...

The economic situation of Sri Lanka continues to deteriorate as Sri Lankans queue for hours at supermarkets, staring at empty compartments and unable to obtain necessities. The existence of pandemic has amalgamated with an intensified financial and economic crisis, posing a serious threat to Sri Lanka. The government should have established rigorous control measures in response to the crisis in Sri Lanka, but the mechanisms in place are insufficient and ineffective. The President proclaimed a state of emergency in the country in August, and the army was given complete authority to seize supplies, ration essentials, and ensure that the government's forex reserves were only spent for needed commodities. As an import-dependent economy, the depreciation of the rupee by 8% in 2021, combined with stockpiling of commodities, has pushed food prices into the double digits, with inflation at 6%. The fall of the foreign reserves to $2.8bn at the end of July, from $7.5bn in November 2019 will ...