Showing posts with label BUSINESS AND ECONOMY. Show all posts
Showing posts with label BUSINESS AND ECONOMY. Show all posts

Monday, July 07, 2008

Less leadership could be best


IIPM, GURGAON

“No seed can grow if it is dug up and examined every week.”

Classic text-book description of management characterizes it as the process of leading and directing various organizational activities – often a business and its various resources like human, financial, material, intellectual and so on. It’s said to encompass five basic functions, such as planning, organising, leading and co-ordinating. But years upon having taken that last leap – over the threshold of those uber BSchools, as managers, most, more often than not, find themselves at the epicentre of a constant grapple, a struggle to last either for a lifetime or for their respective jobs. “Today’s managers often need guidance and advice in figuring out what to do but can’t – or won’t – spend lots of time reading long treatises on each of these domains,” to quote Jeffrey Pfeffer in his new book What Were They Thinking? Unconventional Wisdom About Management.

Twelve times author and co-author, Pfeffer’s is a name that stands tall in the field of Organisational Theory and Human Resource Management. As always, lending a breath of fresh air with in-depth analysis in a pattern comprehensible with utmost ease by the neighbourhood grocer, this Stanford Professor, in his latest offering, traverses like a wise old grandfather through a wide array of subjects that influence one’s daily work-life. Though, at heart, he stands all for people. Whether its ‘people-centered strategies’ or ‘creating effective work-places’, ‘it’s people, not software, that build customer relationships’, says Pfeffer. No wonder in cutting employees’ benefits when in red, he sees short sightedness, ‘it seldom fixes anything’.

“Education, as I understand it, during more than three decades as a business professor, is not telling people things they already know nor providing themselves with ideas they necessarily agree with. Education is concerned with helping people see and understand things in different ways, mostly helping them think and ask questions to uncover some fundamental insights.” And it is these grounded and exceptionally well argued insights that make it differ from an existing hoard of jargons that usually infest bookshelves, making it a delightfully inquisitive experience for the dilettantes, whereas, always a pleasure for those familiar with Pfeffer’s past works, The Knowing-Doing Gap, Hidden Value, The Human Equation, and Hard Facts being other well-known and frequently read titles.

Also, in a way, this book begs to differ if you are hoping for a chapter to chapter, classroom spoon-feeding style. Structured it is, but can be picked up from any chapter (preferably the one closer to your liking), be it Organisational Strategy or profound expositions on Leadership and Influence; in every chapter lies an overview of what is precisely to be done and what not with enough guidance for further personal analysis and research.

To not be afraid and stand out, an antithesis to Collins’ Level 5 Leadership, to a constant focus on the importance of human interaction, Pfeffer’s brand new essay immediately finds itself in the ‘must read and constant reference’ section, particularly for those stuck-up managers restlessly waiting for the next big change in their careers or monotonous work lives in general. Though at times, partly subjective on certain principles, Pfeffer tends to dismiss negative consequences of certain lenient policies.

Nevertheless, a great read, definitely for those over-fed with ‘Management Vani’. “It’s a collection of management insights and data designed to help you do your job more effectively.” As simple as that.

Edit Bureau: Shashank Shekhar

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Saturday, July 05, 2008

Flying the ‘real’ times

The Kingfisher-Air Deccan consort demystifi es much for Indian aviation…

I’m ABHIMANYU GHOSH CEO, Planman Mediapenning this piece aboard what I believe is the grandest thing to have happened to our country’s aviation ambience after liberalisation and in the wake of that veritable ‘opening of the skies,’ which enabled a whole new world of populace to sample the experience, ease and expediency of flying, in a deliciously ironic way at once exponentially reducing – and increasing – the notion of distant ‘privilege’ that has long since prefixed sitting strapped atop a plane.

So, while I revel in the luxury of this lavish airliner... oops, I mean Kingliner, in the backdrop of the just declared 26% stake acquisition in Deccan Aviation by Dr. Vijay Mallya’s United Breweries Holdings, resulting in the creation of an entity that will wield authority over a share of approximately 38% of India’s domestic aviation sector pie, I feel a hark back to the soaring developments in the very dynamic (dynamic it is in every context, or call it aerodynamic if you would!) vista of this industry would only be appropriate. A decade ago, when the air wasn’t as thick with competitive activity in our skies and the wallets went thin more often than not, so far as ticket pricing was concerned, a select audience of air travel kept itself content with barely half a handful of operators (but of course, a significant few among them made no bones about underscoring the elitist aspect associated with this act).

A few years into the new millennium witnessed what will truly go down in our country’s corporate, consumer and societal history as a revolution, in terms of the magnitude it spawned and the impact it disseminated across the periphery of a strata that was, let’s say it best, only ‘waiting in the wings’ for a lift off. As an armada of low-cost carriers marched into the blue, they ushered in a direly required whiff of fresh air in an industry that was way over the threshold of complacency and unleashed the aspirations of an entirely unattended segment of audience by promising an opportunity to savour much beyond their staple diet of rail and road at a price well within their means.

And while the likes of Air Deccan, SpiceJet, GoAir and IndiGo went about cementing their space of mind and market in the consciousness of consumers, giving full-service players a battle for their buck, another two years down the line, somewhere amidst the freebies and the euphoria, the present was begging for a reality check… in one word, consolidation.

Given the increasingly iffy scenario for low-cost operators of late, with untenable pricing and selling-below-price mechanisms gradually catching up with market fundamentals, perhaps, it was only a matter of time before a semblance of pragmatism dawned.

The acquisition of Air Sahara by Jet Airways two months back, the merger between state carriers Air India and Indian Airlines in February this year and the latest Kingfisher- Air Deccan combine are all indicative of the phenomenon of integration that every airline worth its mettle is realising as the path ahead – a trend of functional effectiveness that rings in sync with that prevalent in the global aviation market.

And while many may argue that the heydays of the average flier may have scraped the beginning of their end, with more realistic pricing models being evolved by the likes of the Mallya-Gopinath amalgamation, that’s definitely not to say that all of it may be glum. In fact, any of it is probably better in the long scheme of affairs, when you consider the implications of a host of low-priced airlines biting the dust due to infeasibility of operation and the market leaving itself vulnerable to monopoly all over again. Quite the contrary, with mergers of the sort that have manifested themselves recently, the portents of healthy competition blink bright on the horizon.

Of course, the regulator needs to ensure that connivance is kept afar. The idea of enhanced infrastructure and lesser duties on jet fuel reducing the pricing yoke on airlines, besides increased foreign direct investment in the aviation industry will further lend impetus to economies of scale being leveraged by the more modest players, sparking off a greater growth trajectory. Well, like the familiar sign at a place we’ve all been frequently reading - Work in Progress…!!

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Source :
IIPM Editorial, 2008

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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IIPM, GURGAON
The Indian Telecom Sector
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IIPM is A World of Career

Friday, May 16, 2008

A tale of two generals


IIPM - Admission Procedure

While Mukesh Ambani was crowned, Darryl Green exited gracefully!

“Growth Mukesh Ambani elder son of Dhirubhai Ambanihas no limit at Reliance. I keep revising my vision. Only when you dream it you can do it,” said Dhirubhai Ambani. And surely, his elder son Mukesh is keeping the legend’s vision alive as he became the ‘only trillionaire’ in the country. And who more worthy than Mukesh whose four companies’ combined MCap – including Reliance Industries Ltd., IPCL, Reliance Petroleum & Reliance Industrial Infrastructure Ltd. – exceeded the stunning Rs.2,50,000 crore mark of late!

A chemical engineer and an MBA from Stanford University, Mukesh Ambani joined the business in 1981 and ever since has taken the company to newer heights. Some of the accolades which he has earned include ‘ET Business Leader of the Year’ (2006), being counted among the ‘World’s Most Respected Business Leaders’ et al. And these would be well deserved considering the dizzying heights he’s taken the Reliance group to.

Among his most noted and wellspun strategic moves during the past have been Reliance’s backward integration move from textiles into polyester, increase in Reliance Petrochemicals’ manufacturing capacity from sub-million tonnes to over 13 million tones today.

Then we have the fair-skinned Darryl Green, the media-shy Tata Teleservices CEO who recently bid good-bye to the company after a stint of two years, and a silent one at that. And the reason for his exit simply being voluntary as company sources divulged to 4Ps B&M: “Green had voluntarily resigned... He was not sacked...” Darryl had joined the company in 2005 after moving out as the head of Vodafone Japan where he had a name for being an expert at re-structuring. He also managed to bring in greater efficiency by consolidating 9 regional companies at Vodafone Japan.

Post his MBA at Dartmouth College, Green spent his early career days with AT&T (USA, Japan and Hong Kong). He spent 11 years in the company and was President & CEO of AT&T Japan, when he retired. However, having been an expert in the mature Asian markets, his performance in the emerging Indian market was far from satisfactory – perhaps the reason why TTSL didn’t work very hard to keep him back! But just as they say, ‘right talent doesn’t go unnoticed’, he has already been appointed as the Exec. VP & President of Manpower’s Asia and Pacific operations. Hopefully, this time round, Green’s competitors will go green... with jealousy, of course!

4Ps B&M Research: Shweta Kapoor

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Source :
IIPM Editorial, 2008

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Info, Visit Below....
IIPM - Admission Procedure
Why Study Abroad When IIPM Gives You 3 global Advantages!
The Sunday Indian - India's Greatest News weekly
IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
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Monday, April 07, 2008

Apa’cherry bomb?!


IIPM Publication

Stylish Apache is one of those explosively powerful machines...

Winning Stylish Apache is one of those explosively powerful machines...comes easy for this brand – especially when it comes to counting the number of ‘awards’ this bike has won. Sample this – since launch, TVS Apache managed to scale seven awards – ranging from bike of the year (Overdrive, Autocar et al ‘06) to best design (BBC Top Gear ‘06) – in a single calendar year, which is a record of sorts! The strong and muscular bike is spot-on in terms of performance too and has a superior genetic material striking the right chords with the consumers, especially the youth. Apache has definitely put the Indian premium biking segment into an altogether different platform. The bike also managed to pierce through tough competition in the segment with heavyweights like the Pulsar and the CBZ. According to Prasad Narasimhan VP-Marketing, TVS Motors, “Apache is every youth’s dream machine. It’s a perfect blend of looks, design, styling, comfort and cutting edge technology. The new Apache RTR 160 will reinforce our dominating position in the industry...”

With a new variant launch, TVS hopes to attract more eyeballs and for sure give a greater thrust to its already improving sales. For long, TVS has remained in the shadows of Bajaj and Hero Honda. Is there a near term focus change for it? Well, lets’s ask Apache!

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Source :
IIPM Editorial, 2008

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Monday, March 31, 2008

The Radio Star...

...goes jingle jingle all the way!

Rang The Radio Star...barse, barse barse, rang barse..., Sabka thanda ek, Kuch meetha ho jaye, these are some of the jingles that radio listeners across the country tune into every day or every hour these days. They sound familiar... Yes, for they are the radio adaptations of popular TV commercials of Reliance phones, Coca-Cola and Cadbury, respectively. Just over two years back, radio was an unattractive category in the country. Cut to 2007 and the radio FM wave is spreading far and wide.

According to a report by PwC, the medium is growing at a CAGR of 28% and the Rs.5 billion industry is expected to touch Rs.17 billion by 2011. Tarun Katial, CEO of BIG 92.7 FM is helpful with more figures, “Radio had a share of approximately 3% in 2006, up from 2.4% in 2005 and is expected to go up to 5% by 2008-09”.

Ever since things for radio started looking up in the country, small and medium sized organisations, real estate companies, Bollywood movies, et al have lapped it up. However, the presence of MNCs on the medium was scarce. But, that’s only till now! While corporates like Unilever, Marico are among the firsts, giants like Coca-Cola, Cadbury, HLL (Lux) are also queuing up to tap its potential.

While the reigning trend is to slightly modify the existing ads to suit the medium (as it’s the cheapest and the best), products like Marico’s Saffola, Hutch and lately Cadbury have already pressed the innovation button to cut through the growing clutter on the channels. Anand Chakravarthy, National Marketing Head, BIG 92.7 FM refers to BIG FM’s work for the Premier Hockey League where their jocks acted as ambassadors for various teams.

While the future surely looks bright, there are also major challenges facing it. While, marketers are falling over each other to tap stations in metros and mini metros, channels in smaller cities are still scouting for advertisers. Considering that advertising revenues are the only source of revenue, such stations are finding themselves on a sticky wicket. “Another challenge that the industry faces is that many products do not know how to use this medium. Moreover, even advertising agencies don’t have specialists to deal with it yet,” says Josy Paul, National Creative Director, JWT.

Till then, enjoy the jingle filled airways. Even as we make this statement, a few more of them would have been added!

For Complete IIPM Article, Click on IIPM Article

Wednesday, March 19, 2008

Foreign tourists to take cheaper calls


Why Study Abroad When IIPM Gives You 3 global Advantages!

Now Foreign tourists to take cheaper callshere’s some more sizzling news from the mobile telephony sector. Government-owned BSNL has reduced international roaming tariff for foreigners who use its network in India by up to 40%. This is going to be a big relief for tourists – and seems to be a sound strategy for the service provider. Earlier, the user of services of a European operator, while on roaming in India, would have to shell out over a whopping Rs.50 per minute for a local or STD call, Rs.99 per minute for an ISD call and Rs.75 per minute for an incoming call. Now, the tariff for outgoing local/STD call has been slashed to Rs.30 per minute; and an ISD call will cost Rs.70 per minute; and for an incoming call, foreigners will have to pay a much-lesser Rs.50 per minute.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Info, Visit Below....
The Sunday Indian - India's Greatest News weekly
IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
IIPM, GURGAON
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http://iipm-management-courses.blogspot.com/
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http://indian-magazine.blogspot.com/
http://iipm-leadership-skills.blogspot.com/
http://dare-to-think-beyond.blogspot.com/

Monday, March 03, 2008

Of sand and the shovel…


ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...

… and making exquisiteness, eternal!

YouOf sand and the shovel… must have read about the men from Stone Age huddling together trying to create a fire, or of King Arthur and his knights, of Columbus discovering America, of Neil Armstrong taking that ‘giant leap’, of Napoleon Bonaparte, Leonardo Da Vinci, Albert Einstein and of Michelangelo carving the statue of David. Now is the time to ‘see’ them all come alive – and at one place that plays host to one of the greatest art festivals of the world – the Baltic Sea beach of Travemünde, near Luebeck, Germany.

Appropriately christened as Sand World, the sand sculpture festival (taking place from July 6 to September 2, 2007) is but a different world altogether sculpted out in sand. The festival’s theme this year is ‘a journey through time’, which will feature people, places and events bygone. About 75 artists from all over the world shape their masterpieces with some 9,000 tonnes of the special sculpting sand brought from Berlin and will display their art at a humongous site, 10,000 sq.m. in area! The dreamland quite resembles any seaside littered with creative kids – just that structures here are more elaborate, practiced and yes… big. Some even reaching the height of 15 metres!! Sculptors spend weeks ‘carving’ out unimaginable structures with their shovels, though of course, torrential rains and strong winds do play the Grinch at times, although the sand used is of a special compressed type and can survive light showers and lasts for months! Not to mention, patience frequently comes handy.

Lest it should become a complete dreamland, there are many family programmes, musical extravaganzas, workshops, chill-out zones and movie shows that are organised on the site, to bring back the visitors from the state that’s almost a dream and still so real! That’s Sand World. And we aren’t making any sand castles, mind you!

Edit bureau: Pooja Priyadarshini

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Source : IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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The Sunday Indian - India's Greatest News weekly
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Tuesday, February 19, 2008

Who’s investing?


IIPM MANAGEMENT INSTITUTE

MFs are! And overseas...jump in if you want to roll it...

It’s notMFs are! And overseas...jump in if you want to roll it... child’s play any more! After all, it’s your money and you have the option of getting the best out of it. How about buying a global mutual fund for your teenage daughter on her birthday? Sounds eccentric, right? The fact is that we are not far from such a situation. MFs are queuing up to tap the investors’ hunger for global markets with schemes aimed at investing in other countries.

Most promisingly, both DSP Merrill Lynch & Kotak MF have already launched their global funds recently. UTI MF & HSBC Asset Management Company also have plans to launch similar new schemes that would allow investors to invest overseas. But do we take this as an alternate investment option, and at a time when the Sensex is busy playing the ‘hide & seek’ game and making the market more volatile?

Sandesh Kirkire, CEO, Kotak Mahindra MF, commented to us, “In an increasingly integrated financial world, the rise & fall has been a factor of liquidity play; and therefore diversification remains a critical factor. The emerging markets today display greater buoyancy and hold nearly 60% of the global forex reserves. Consequently, the risk perception about these (foreign) investment destinations has come down and investment in these markets is seen as a relatively safer option providing adequate diversification cover.”

Truly, the ongoing volatility does certainly provide a more attractive entry point for global funds! Ironically, while on one hand, India would continue to remain an attractive destination for foreign investments, on the other, Indians themselves are going global behind these funds. Factually, many of the emerging markets are witnessing a burgeoning of domestic demand while their overall industrial wage competitiveness remains strong; ergo, it is quite likely there exists much room for growth and stock appreciation in such economies. Confirms Kirkire of Kotak, “The growth in developed markets has largely saturated and their real growth rates remains in the 0.5% to 3% range. In comparison, most emerging market economies are growing above 5.5%, and will continue to do so for a long time. This growth is nearly 50% higher than that of developed markets.”

Amit Saxena, CEO, Planman Financial, additionally commented, “Such overseas investments would get a boost as recently there has been upward revision by RBI in the limits set earlier on overseas MF investments; and this even though the earlier limits were not fully utilised by the MF industry.” When B&E questioned Vijai Mantri, CEO, Deutsche Asset Management, India, he agreed and gave a similar perspective that there seems to be a gain in the momentum of global funds after RBI eased norms for MFs’ investment in global markets. Most industry experts gave similar affirmative answers to B&E.

Clearly, though all this does not mean that we are not believers in the India story, given the current scenario in the Indian stock markets, it makes more sense to provide investors the growth potential of emerging markets with an intention to allow them to diversify their portfolio risk. This would definitely pave way for more innovative themes in the global investment space. And better for the retail investor, international credit rating agencies are now ever-ready to rate the viability of such investments. If you’re still in two minds, just gift us your money, we’ll do the needful.

B&E research: Sunanda Roy

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Tuesday, February 05, 2008

When being ‘half-indian’ is critical!

HowS. KRISHNAMOORTHY, President, Textile Division, Grasim Industries Ltd. has your experience with the organisation been & what changes do you see in Indian textile sector?
The experience with the Birla Group, rather the company has been awesome. We have certain values like integrity, commitment, speed, passion et al. And I think the overall industry growth has been phenomenal in the past two years.

Why do you think major Indian textile manufacturers have failed to create a brand in the global market? What success strategy have you followed?
I think the business is more profitable when you become a supplier to global brands. But to dominate in Indian market, you need to have a strong brand image & that’s what I have done with Grasim. I made it a Grasim Brand, which has a 15% market share today. In our case, 50% revenues come from domestic market and the rests from exports – that’s because we have focused on both the markets. We might not have created a strong brand name and are invisible in global markets but our revenues are equally distributed.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Info, Visit Below....
IIPM Mumbai Parables - Stories that change life
IIPM International Student Exchange Programme
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Thursday, January 17, 2008

Meet the Slims

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The Carlos Slim legacy has terrific endurance value

Visit The Carlos Slim legacy has terrific endurance value  the land of Mexico and you will instantly feel the strong presence of this man in the everyday life of Mexicans. His influence over this erstwhile Spanish colony would instantly invite comparisons with the Ambanis & Tatas in India. And unlike these behemoths, Carlos Slim has amassed his huge wealth from mainly two sectors – telecom & finance. And just through his holdings in these two sectors, his iconic status in Mexico is well known. No wonder that George W. Grayson, a professor of Government at the College of William & Mary, aptly coined a terminology, “Slimlandia” to define Mexico.

And recently, at the age of 67, Slim became a symbol of Mexican, and for that matter, Third World resurgence, by taking the mantle of the richest man in the world; overtaking Bill Gates with a marginal difference of $1 billion. This development is in sync with a surge in the American Movil stock that increased Slim’s net worth by another $12 billion this year to $59 billion. His family’s holdings representing over 5% of Mexico’s GDP in 2006 and the companies under his control amount to 1/3rd of the Mexican Bolsa (stock exchange).

Slim is of Lebanese descent but he has totally adopted a typical Mexican living, which is quite obvious with the cigar he puff s and his manner of speech. Among the mantras of business, he is also an ardent art collector and boasts of being a philanthropist. One of his famous one liners on good economics goes thus, “When everybody else is better off , they can buy more, they strengthen demand, strengthen the market, strengthen the country.”

Slim’s No ‘Slim’ fortune, though!appearance is oft en matched to the legendary J.P. Morgan and his meteoric rise is compared to John D. Rockefeller, as the latter had similarly taken undue advantage of weak regulatory norms in the American oil sector. His wealth sings the saga of his Mexican wireless monopoly, as he controls over 92% of Mexico’s phone lines via Telefonos de Mexico. “Twenty years ago, Mexico’s phone system was a joke. However, new wireless technology has changed the quality of Mexico’s phone system,” quotes Jeff Kagan, Wireless and Telecom Industry Analyst, Commentator, Provocateur. But his most stinging criticism comes from the fact that thanks to his monopoly, Mexican telecom customers still bear the brunt of high tariff s. States an OECD report on Mexico, “Although telecom tariff s have fallen, they remain significantly higher than in most OECD countries...”

Born in 1940 in Mexico, Slim is a widower and a father of six. Slim graduated with B.Sc. from National Autonomous University of Mexico. By the age of 17, he was investing in the stock market and by the mid-1960s; he was putting bucks in various businesses that formed ‘Grupo Carso.’ During the 1982 economic crash, Slim executed his business interests so efficiently that within a decade, it gift ed him very high returns. Once a maths instructor, he built his empire by following his father’s words, “Though Mexico will have its ups and downs, don’t ever count the country out.” And Mexico was always on Slim’s cards when it came to amassing huge wealth that comprises American Movil ($31 billion), Carso global telecom ($12.9 billion), Grupo Carso ($7.1 billion), Inbursa ($5.6 billion), Ideal ($1.7 billion) & SAKS Inc. ($263 million).

Indeed, Slim has always been in form when it comes to making money but after his heart surgery in 1997, his sons Carlos Jr., Marco Antonio & Patrick have taken over the business. More than the wealth, his sons have inherited their father’s shrewd business skills and the art of multiplying money. And they all seem to have picked it up so flawlessly, that we could well expect the Slims right up there on the Fortune rich list for years to come!

Edit bureau: Romsha Singh

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Info, Visit Below....
IIPM International Student Exchange Programme
IIPM, GURGAON
ARINDAM CHAUDHURI’S 4 REASONS WHY YOU SHOULD CHOOSE IIPM...
IIPM Economy Review
IIPM :- Cicero's Challenge is going global
The Indian Institute of Planning and Management (I...
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Time for Awards at IIPM
STUDENTS AGAINST CORRUPTION & KICKBACKS : SACK
Heavy dut(t)y stress Sanjay Dutt Bollywood Actor
The Business of B-School Rankings & The Big Farce
36TH Full Time Programme In Planning & Entrepreneu...

Friday, January 04, 2008

Bajaj de-merger gets green signal

The Bajaj de-merger gets green signalde-merger scheme, as mooted by Rahul Bajaj on May 17, 2007, has finally won approval of shareholders and unsecured creditors of Bajaj Auto Ltd. (BAL) with an astounding majority. Accordingly the group will now split into three separate entities along with the creation of two new companies. Bajaj Auto will be de-merged to create Bajaj Auto Limited, Bajaj Holdings & Investments & Bajaj Finserv Ltd; these companies would focus on auto business, wind power & financial services. The shareholders of BAL would become shareholders of the new companies and would be issued shares in the ratio 1:1 for the two new companies.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

An
IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Info, Visit Below....
IIPM Economy Review
IIPM :- Cicero's Challenge is going global
The Indian Institute of Planning and Management (I...
After CDMA, will nokia miss the 3G bus ?
Time for Awards at IIPM
STUDENTS AGAINST CORRUPTION & KICKBACKS : SACK
HRIC :- Human Resource Intelligence Cell
Heavy dut(t)y stress Sanjay Dutt Bollywood Actor
The Business of B-School Rankings & The Big Farce
36TH Full Time Programme In Planning & Entrepreneu...

Wednesday, December 12, 2007

Dare to cross the ‘party line’ without the gun?!


IIPM Best B-School

Aggressive militarism is not the final solution for the state to secure peace for their countrymen

Noam Chomsky, Professor at Massachusetts Institute of Technology


IN crudeNoam Chomsky, Professor at Massachusetts Institute of Technology and brutal societies, the Party Line is publicly proclaimed, and it must be obeyed, or else. What you believe is your own business, of lesser concern.

In societies where the state has lost the capacity to control by force, the Party Line is not proclaimed. Rather, it is presupposed, and then vigorous debate is encouraged within the limits imposed by unstated doctrinal orthodoxy. The crude system leads to natural disbelief. The sophisticated variant gives the impression of openness and freedom, and serves to instill the Party Line as beyond question, even beyond thought, like the air we breathe.

In the ever more precarious standoff between Washington and Tehran, one Party Line confronts another. Among the well-known immediate victims are the Iranian- American detainees Parnaz Azima, Haleh Esfandiari, Ali Shakeri and Kian Tajbakhsh. But the whole world is held hostage to the US-Iran conflict, where, after all, the stakes are nuclear.

Unsurprisingly, President Bush’s announcement of a “surge” in Iraq – in reaction to the call of most Americans for steps toward withdrawal, and the even stronger demands of the (irrelevant) Iraqis – was accompanied by ominous leaks about Iranian- based fighters and Iranian made IEDS in Iraq aimed at disrupting Washington’s mission to gain victory, which is (by definition) noble.

Then Our interference is limited to those who impede our objectives in a nation that we openly invade and occupy...followed the predictable debate: The hawks say we have to take violent measures against such outside interference in Iraq. The doves counter that we must make sure the evidence is compelling. The entire debate can proceed without absurdity only on the tacit assumption that we own the world. Therefore interference is limited to those who impede our objectives in a nation that we openly invade and occupy...

What are the plans of the increasingly desperate clique that narrowly holds political power in the United States? Reports of threatening, off -the-record statements by staffers for Vice President Cheney have heightened fears of an expanded war. “You do not want to give additional argument to new crazies who say, ‘Let’s go and bomb Iran,”’ Mohamed ElBaradei, Director-General of the International Atomic Energy Agency, told the BBC last month. “I wake up every morning and see 100 Iraqis, innocent civilians, are dying.”

US Secretary of State Condoleeza Rice, as against the ‘new crazies’, is supposedly pursuing the diplomatic track with Tehran. But the Party Line holds, unchanged. In April, Rice spoke about what she would say if she encountered her Iranian counterpart Manouchehr Mottaki at the international conference on Iraq at Sharm el Sheikh. “What do we need to do? It’s quite obvious,” Rice said. “Stop the flow of arms to foreign fighters; stop the flow of foreign fighters across the borders.” She is referring, of course, to Iranian fighters and arms. US fighters and arms are not “foreign” in Iraq. The tacit premise underlying her comment, and virtually all public discussion about Iraq (and beyond) is that we own the world. Do we not have the right to invade and destroy a foreign country? Of course we do. That’s a given. The only question is: Will the surge work?

Doubtless Tehran merits harsh condemnation, certainly for severe domestic repression and the inflammatory rhetoric of President Mahmoud Ahmadinejad (who has little to do with foreign affairs). It is, however, useful to ask how Washington would act if Iran had invaded and occupied Canada and Mexico, overthrown the governments there, slaughtered scores of thousands of people, deployed major naval forces in the Caribbean and issued credible threats to destroy the US if it did not terminate its nuclear energy programmes (and weapons). Would we watch quietly?

We can improve the prospects for democracy promotion in Iran by sharply reversing state policy here so that it reflects popular opinion. That would entail withdrawing the threats that are a gift to the Iranian hardliners and are bitterly condemned for that reason by Iranians concerned with democracy. We can act to open some space for those who are seeking to overthrow the reactionary and repressive theocracy from within, instead of undermining their efforts by threats.

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Wednesday, November 28, 2007

Win Win Wynn in Macau!


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TheyMacau Fisherman's Wharf say, when you see the three Gs – gambling, greenery and glitz – in complete throes of live action, 24 hours a day, 365 days a year, you know you are in Macau! Set beside the biggest Indian neighbour, China, this little entity has carved an illustrious niche for itself, if not as bright as its own glamorous neighbour, Hong Kong (60 km to its East). One of the oldest European (Portuguese) colonies in China, Macau was handed over to its parent province as Special Administrative Region (SAR) in 1999, and there came the most amazing concoction of the Orient and the Occident! Macau Fisherman's WharfOne can witness masterworks of colonial architecture like the Mong Ha Fort, the St. Francisco Barracks, Mount Fortress et al. Besides, there can be seen Chinese object d’art, especially the temples, sharing space too.

Now fathom this: a thousand butterflies fluttering in your stomach, ticklish knees, and a chill running down the spine every now and then, extra-sensitive goose-flesh and a flood of adrenaline . . . Walking on the one and a half meter steel rim, 233 meters off the ground, it’s perhaps only thirty per cent of what Macau Fisherman's Wharfyou actually feel! Famed as the Skywalk X, this exhilarating rush is all yours to keep at the 62nd floor of the Macau Tower, the 10th tallest freestanding tower in the world that also happens to be the highest commercial bungee jumping point in the world. You could also choose between an array of activities like Sky-jumping from 338 metres, Bungee Jumping, Bungee Trampoline, Long Ironwalk etc. And for the jittery ones, fret not, for they’ve got professionals and an overhead harness that guarantee you’ll plant a safe foot back on the ground!

FromMacau Fisherman's Wharf ancient monuments, the St. Paul’s Cathedral, Kun Lam Temple etc. to Macau Fisherman’s Wharf, a theme entertainment park for the highspirited, to the 24X7 glitzy casinos mushrooming all over the country luring the mammon seeker, Macau has something in it for all. In fact, it is said that the only difference between Macau and Las Vegas is the absence of neon signs and of course, geography! Hardly surprising for a nation where gambling sums 50% of the total official revenue! And if it is shopping that gives a better high than any of these, the Senado Square is where one can pick up a Calvin Klein, DKNY, Armani, Diesel etc. or the Taipa flea market for itsy-bitsy souvenir shopping . . . Macau has more to its name than just the title of ‘Monte Carlo of the Orient’ . . .

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Friday, November 23, 2007

Walking hand in hand: Bush’s dalliances with OPEC have peacefully skipped issues of oil price controls and production increases


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A rWalking hand in hand: Bush’s dalliances with OPEC have peacefully skipped issues of oil price controls and production increasesecently released policy brief by the Centre for Economic Research at the rating agency CRISIL sums up the short term outlook for oil prices: “…as the weeks pass, the likelihood of a downward correction anytime soon seems to be getting more and more remote…the world economy clearly has to begin preparing for a scenario in which prices continue to climb to levels that compare only with distant memories”.

In the longer run, it would be foolish to invoke Keynes and proclaim that we are all dead. In fact, without a coherent policy to ensure oil and energy security in the long run, it is profits and growth that could be dead. And India could once again be consigned to the roster of those chronic cases that have promised to bloom and then withered away.

Three factors make India particularly vulnerable to volatility in oil supplies and prices. First, India depends a lot on West Asia (or Middle East as it is more fashionably called) for oil supplies. More than two-thirds of India’s oil imports come from that politically volatile and unstable region. What if the conflict in Iraq spreads to neighbouring states? What if Islamist jihadis cause such mayhem that supplies from the world’s largest producer and exporter, Saudi Arabia, are disrupted? What if the US goes for a regime change in Iran? Frightening scenarios no doubt. But as P. Sugavanam, director (finance) of Indian Oil – India’s largest company in terms of revenue – ventures to say: “Commercial compulsions have always driven the oil business there since it was discovered, and commercial compulsions will continue to be decisive. Even if there are upheavals, oil supplies would not be disrupted for long – long enough for India to use its strategic reserves”. He adds, “there is nothing much that India can do about it and in any case, India will not be the only country to suffer.” However, in what could be a bold or foolish move (or both) depending on the outcome, petroleum minister Mani Shankar Aiyer is stitching together long term deals with countries like Iran. According to him, cooperation within Asian countries is the key to long term energy security.

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Friday, November 16, 2007

We’ve adopted dual strategy – expanding capacity and evaluating inorganic opportunities

And Sajjan Jindal and his steely monarchy !!!quite evidently, the company has managed to withstand competition, cyclical downturn & other nerve-wracking events, a fact vindicated by the scintillatingly power-packed performance by the company in financial year 2006-07. Aggregate revenues during the period stood at Rs.87 billion, representing a mind-boggling annual appreciation of 32%. Then there was the stunning 51% growth in profits after tax which touched a whopping Rs.12.9 billion.

Also besides reduction in the debt-equity ratio during the previous year from a threateningly high 0.96 to a more stable 0.75 through repayment of debt to the extent of a colossal Rs.10 billion, it also experienced an escalation in annual exports turnover (accounting for 40% of its turnover) by a credible 4.1% over 2005-06.

However, after having covered the distance and after wading through untested waters, championing newer challenges is something that JSW still pursues religiously. And keeping this in mind, the steel powerhouse recently embarked upon a new round of aggressive expansion strategies. Explaining the strategic initiatives, Sajjan Jindal, VC & MD, JSW elaborated to B&E, “We have adopted a dual strategy. One, expanding crude steel capacity significantly, with a multi-locational presence to capitalise on the India centric advantage. Two, evaluating inorganic opportunities for value added facilities in the developed economies. With this intent, we have created a subsidiary and signed a share purchase agreement to take over a service centre in the UK with a proposed investment of Rs.300 million...”

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IIPM : The Indian Institute of Planning and Management
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