As a business owner, you will, at some point or another, require to conduct business with other companies. When scouting for a company to work with, due diligence is required to ensure you choose the right business partner. There is a lot at stake when you choose to take on a business partner; you could risk quality, time, money and your reputation if you select the wrong partner. Unfortunately, there exist a lot of fake company which provide substandardly or even no service, and associating with one of them could set you up for failure.
When you run a business, you will have to partner with some other companies at some point or another. But being a business owner also means that you need to be cautious when choosing your business partners. There are many fake companies which give nothing but problems to their business partners, and there may even be shaky relationships that could cost you money or your reputation. By conducting business partner due diligence early on, however, you can reduce the risk of picking the wrong partner for your business and avoid the negative repercussions.
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Need to brace yourself for a future with fakers and frauds in the employee-employer equation. The explosive growth of educational institutions – legitimate and bogus – is fuelled by the huge demand of an aspirational India. This has created a piquant situation. India’s booming IT and knowledge economy desperately needs these graduates but their quality and calibre is appalling. This is borne out by the Nasscom report, which stated that only 25% of the graduates from technical institutes and 10 to 15% from colleges are employable.
It is a well known fact in the corporate world that fake degrees in india certificates and marksheets are running rife in the country. The idea of giving a hand to your career prospects by getting a degree from an institute which does not exist has crossed many minds. However, one can fall into the web of these unscrupulous institutes and find his/her career in jeopardy as employers or even government agencies begin investigating fraudulent credentials.
Need for stringent education verification is a shooting star in the stars. The degree of malpractice has reached absurd levels – from paying middlemen and agents to tampering with employer database, fabricating documents and even faking results.
The unfortunate consequence of this is a broad and increasing gap between real job requirements, and the educational progeny of ‘India’s One Million Degree Factory’. The problem is further compounded by unsophisticated verification tools that are not capable of fathoming the murky depths of degrees. Companies find it next to impossible to verify academic qualifications that have been procured from non-existent institutions or degrees that contain glaring discrepancies in grade point averages, unexplained terms and numbers, fictitious signatures and seals and other unacceptable deviations.
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