How business model works?
This is the question I always think about it, but still I do not have correct answer but I have a view on that because every country have their own strength and weakness like in western country retailers have more power and in Asian countries power in hand of producer because we have unorganized market. Another basic thing generally people not accept new thing easily they accepted new innovative thing in old product like LCD TV, every company work for profit but successful business model is work for change provide different for consumers, something unique facility which other do not have but after this question will come how? So answer is simple and implication is so hard knowing your consumers deeply. If I say I have not seen so much new product in market I only seen change in old product by innovation and value chain (how deliver product to consumer). At last I will say that working for your product but product and service only for consumer which make them comfort and happiness and regular change in that. (Disneyland is one of the best examples of BM).

LIC-It can be the Strategic Move?
I read a news before few days that LIC looking for bank license, I were really happy after reading this because it will provide lot of benefit and choice to the consumers and competition to the market means services will increase. Many people can argue on that, why LIC in coming in banking business? My answer is many bank come in the insurance business so why LIC not in banking business. LIC is the company that has very hard trust in the market and very good % share in the banking sector like in corporation bank 26%. So when LIC will come in banking field that time new time will start for banking sector LIC will hold market and it will reach to rural India, so country will more grow and new opportunities will come.