Latest In Advanced Air Mobility Showcased At EBACE 2022

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China’s EHang 216

Product of the Guangzhou E Hang Intelligent Technology Co Ltd, China’s EHang 216 employs stacked mini-rotors to provide helicopter-like performance because electric motors are unable to provide the torque necessary to drive a single, full size rotor.

Lilium Jet

Lilium was established in Germany in 2015 and worked initially on two-seater before uprating the design to a larger regional air taxi.  The craft incorporates rows of small electric-driven shrouded fans on the wings and foreplans which hinge 90 degrees for transition between vertical and horizontal flight.

PAL-V’s Autogyro The Liberty

PAL-V was formed in the Netherlands in 2000 to develop a roadable autogyro powered by a Rotax piston engine catalunyafarm.com.  A considerably revised design, The Liberty was shown in 2016 but the planned early 2020 deliveries have not taken place.

Vehicles on display from China, Germany and Netherlands bear witness to humanity’s quest for bird-like mobility—perhaps without too much of the footwork at the other end. They are representatives of a greater global effort; an initiative whose time might have come at last, thanks to recent advances in electric propulsion, aerodynamics, computer technology and materials.

 

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How Innovation Can Transform Your Business Valuation

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Even though startup valuation is a complicated topic, it boils down to two general approaches – a top-down and a bottom-up approach.

With a top-down approach, you can argue for a valuation derived from addressable market size and expected market penetration. Or alternatively, you can see the pre/post-money valuation of other startups in your industry and adjust your own valuation based on a direct comparison with them.

For startups with financial history, you can use a bottom-up approach cz-lekarna.com. While you can use discounted cash flows (Net present value) or other more sophisticated valuation methods, this is usually unnecessary, as most projects are valued based on an earnings multiple.

Why are investors willing to pay a huge premium to acquire some businesses and not others?

To answer this question, you need to understand that a higher valuation (i.e. a higher earnings multiple) simply represents higher expectations for future business growth from the investors. The main reason a software company could be expected to grow much more than a business in the coal industry is innovation.

A software company is highly-scalable. It has low marginal costs (cost per unit of additional output), and if it manages to innovate and create unique value on the market, it could grow rapidly and become a leader in its own market niche.

Moreover, the IT industry is historically speaking very new compared to some other businesses, which means there are more opportunities for innovation as the technology is still developing rapidly.

In summary, innovation is the main reason behind high valuation multiples because investors are willing to pay a premium for ventures that have a possibility of rapid growth while potentially creating a defensible solution.

Since risk and opportunity are the main growth drivers behind any project, innovative projects simply have a much higher chance to grow than non-innovative ones. As a result, investing in innovation could be the best thing you can do if you want to significantly increase the value of your business.

 

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Online Brand Credibility

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In a time of increasing online competition, it’s tempting for companies to try flash-in-the-pan tactics to get noticed. For example, they can just underprice their competition to attract new consumers. Although that may result in a short burst of new sales, the rush-to-the-bottom approach is likely not sustainable. Establishing the credibility of your brand, so that consumers will be willing to pay a profit-yielding amount for your product or service, is a wiser long-term strategy.

Word-of-mouth advertising has always been essential to building brand credibility. Today’s mouthpieces are social media reviews and ratings, influencers and online content.

An expanding digital world is humming with billions of voices, all asking for consumers to trust and believe in their brands. Rising above the noise can be challenging. Consider these three keys to helping your brand’s online credibility.

Build a Digital Presence to Gain Brand Recognition

Begin with a website that looks great and works well on a range of devices. Fill it with high-quality content that focuses on building brand credibility. Your website needs to be optimized for search so your content will march upward in search engine rankings over time.

While you’re implementing your content strategy, build a complementary social media presence. As you expand onto new platforms, you’re expanding the ways your content can be found, accessed and shared. Clicks, retweets, shares, likes, reviews and ratings are all means of growing your followers.

Building an audience takes time and effort.

Follow Through on What You Promise

Prospects become customers when they agree to take a risk on your brand and buy what you’re selling. So don’t sell them short. If you don’t follow through on the promises you made, they’re going to walk away.

You promised customers that you would solve a problem, produce a quality offering and provide service after the sale. Customers took a chance on you based on what they learned about your brand online. They read your content, customer reviews and product information. Once they take a leap of faith, it’s up to you to earn their trust.

Brand credibility is all about providing what you promised, so you need to deliver. Even better, give customers more than they bargained for. That will keep your brand top of mind—even if you are not number one in search rankings—the next time they’re ready to buy.

Leverage Brand Loyalty

Your digital content and marketing strategy have gotten your brand noticed. A prospect has converted to a customer. Now it’s time to give that customer reasons to stay loyal—and to leverage that loyalty into further growth.

Highlight positive customer reviews and ratings on your website and social media to make sure prospects can see them. Ask delighted customers if they will share their experiences in testimonials and case studies. Then amplify those on your own site and across your social media platforms.

Every brand is competing online to showcase their ability to deliver what they promise. There’s only room for so many at the top. Brands that successfully execute long-term strategies to build recognition, deliver what they promise and leverage customer loyalty will get there. After all, brand credibility is not given, it’s earned.

 

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How to Come Up With More Truly Innovative Ideas

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The world’s most successful creative minds and entrepreneurs all have one thing in common: they benefit from innovative thinking. Some people come up with a truly game-changing idea and they use that idea as the basis for a startup, which then can create an entirely new industry. Others use their innovative brains to solve problems in creative new ways, or to get the edge over a top competitor.

What does it take to come up with a truly innovative idea, and can you optimize your environment to help you generate more innovative ideas?  Innovation can occur across many different scales, from system innovation to ground-level innovation. Big-picture system innovation requires you to rethink entire systems and bureaucracies from the ground up, or possibly come up with groundbreaking ideas that create new industries. There are also smaller-scale forms of innovative thinking; for example, you might figure out a new way to butter toast in the morning that saves you 45 seconds of effort.

We also need to differentiate between innovative organizations and innovative people. Innovative people, at the individual level, can come up with ideas that can improve their lives and change their environment. For an innovative organization to emerge, it needs the power of innovative individuals combined with internal mechanisms that allow those individuals and their ideas to thrive.

If you want to master innovative thinking for yourself and for your employees, you need to create environments that stimulate creativity and allow “outside the box thinking.

Allow more downtime.

It’s commonly accepted that people tend to come up with their best ideas in the shower, but why is this the case? Science suggests it’s because we’re bored. When our minds aren’t occupied with anything particularly interesting or important, they wander and that’s when completely novel ideas can strike. If you want to think in a more innovative way, try giving yourself more downtime where you aren’t focused on anything.

Encourage interaction.

People think in different ways and exposing yourself to intellectually diverse groups encourages you to think in new ways. The more people you talk to, and the more ideas and perspectives you see, the more creatively you’ll come to think.

Get stimulated.

Innovative inspiration can strike you anywhere, from any stimulus, so get stimulated. Movies, TV shows, books, podcasts, works of art, and even nature can all help you get inspired, so find something that interests you and provokes your creative thinking.

Learn from other innovative thinkers.

Find some truly innovative minds that inspire you and figure out what drives them. They may have certain habits, certain hobbies, or certain approaches to learning that help them think in dynamic new ways; try these techniques for yourself to see if they work for you just as well.

Embrace ideas from all people and all levels.

If you collect ideas from every member of your organization, you’ll find innovative ideas almost constantly. For that reason, it’s important to give everyone a chance to speak up and embrace ideas no matter where they originate.

Adopt a mentality that favors change and growth האתר שלי.

Old, massive organizations tend to be sluggish and unmovable. In some ways, this is a strength. It also means you’re unable to adopt new ideas with any sort of agility. Your organization needs to be capable of making big changes for ideas worth pursuing.

Encourage autonomy.

While it’s certainly an advantage to have a consistent company culture that affects all people at all levels in the company, it’s also advantageous to encourage isolation and autonomy. Let department leaders and supervisors make their own decisions and changes as they see fit, rather than forcing them to submit every idea to bureaucratic review; chances are, you’ll see a lot more change and growth this way.

Innovation isn’t entirely straightforward, and there’s no way for you to force innovative ideas to come to you manually. However, if you’re willing to make some changes to the way you think, act, and interact with others, you can create an environment that naturally encourages more innovative, game-changing ideas from the ground up.

 

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Visit Report: PAeC Member Companies’ Visit to Pak-Austria Fachhochschule Institute of Applied Sciences and Technology

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[embeddoc url=”https://pakaero.com.pk/wp-content/uploads/2021/07/Visit-report-PAF-IAST.pdf”]

Sherani Engineering, A PAeC Success Story

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Being part of a cluster organization like PAeC, brings about unforeseen opportunities for those of its members to take an active part in its activities.

Sherani Engineering is one of the early members of Pakistan Aerospace Council (PAeC) and has been actively participating in activities intended to enhance business growth possibilities supported by PAeC, including co-exhibiting with PAC at Airtec-2017, delegation at CERN to liaison with procurement team, liaison meetings at Air-headquarters and Heavy industries Taxila. Sherani was introduced to PAC Kamra by PAeC for a project which not only brought it goodwill and high visibility but also led to inquiries from various other defence outfits and Sherani order book continues to grow!

Having developed close relationship with PAF, Sherani has won business exceeding PKR 300 million in the first 2 years.  They are now a well reputed supplier for PAC, PAF, AWC, Advance Engineering Research Organization (AERO), HIT, and CERN.

Sherani Engg has been a tool and machinery maker for the automobile sector since 35 years and has scored many credits in this field.  Having played an important part on equipping automotive assembly lines in Pakistan they also helped ISUZU Japan to setup their truck cab assembly in Moscow, Russia guarda ora.

It is interesting to note that with its rich background in serving global auto giants, Sherani’s association with PAeC has created a wonderful combination where the Hi-tech defence sector of Pakistan is benefiting from their expertise and saving billions of Rupees in foreign exchange to the national exchequer.

Currently, most of the major OEMs in Pakistan are satisfied customers of Sherani Engineering.  Having experience of exporting Jigs to Isuzu Assembly in Moscow, Russia – in 2018, Sherani Engineering signed a contract of designing, manufacturing & commissioning of Jigs for the MALE UAV being developed by Pakistan Air Force. Earlier these Jigs were imported from China. Sherani Engineering now continues to support advanced engineering, design and development work being carried out at various PAF Air Bases across Pakistan.

                           

                                                    Fuselage and Wing Jigs Developed by Sherani Engineering

Mr. Mahmood Alam Sherani, CEO Sherani Engineering believes that the business of his company has expanded manifold after joining PAeC Cluster. The introduction of his company to Pakistan Air Force through the platform of PAeC Cluster has truely changed the dynamics of his business.

Pakistan Aerospace Council is continuously working to grow the business opportunities for its members.

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