Cut-Price

My research shows that ignoring cut-price rivals is a mistake. Companies need to respond quickly and effectively. Be it in the classroom or the boardroom, executives invariably ask me the same question: Are low-cost businesses a permanent, enduring threat? Most managers believe that a business that sells at prices dramatically lower than those incumbents charge must go bankrupt. But take the case of low cost US airlines. By slashing fares and cutting frills, entrants like Southwest Airlines and JetBlue have grabbed a chunk of America’s domestic air travel market and made money too by using several tactics. They focus on just one or a few consumer segments; deliver the basic product or provide one benefit better than rivals do; and have super efficient operations to keep costs down.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

More IIPM-News:-
IIPM RANKED AHEAD OF FIVE OF THE IIMS

KILL THE PILL, BEFORE IT KILLS MORE!

INTEGRATION OF ‘TOTAL MANAGEMENT’ STRUCTURE AND EXPANSION OF ITS DRUG PORTFOLIO ARE A MUST FOR PFIZER
Where the world worships heroes on one hand, it also criticises them most strongly when they stumble. Look at the $180 billion worth Pfizer – the world’s largest drug manufacturer whose latest attempt to repeat its previous incredible feat of manufacturing the world’s highest-selling drug (when it acquired Lipitor from Warner- Lambert in 1996) failed, thus casting a thick cloud of worry over the management. Following high count of patient deaths during drug-tests of its much hyped Torcetrapib, it finally dropped the drug on December 2, 2006, bringing a question to the surface – ‘What will happen post-expiry of its $12.9 billion revenue-earning Lipitor (amounting to 25% of total annual revenues in 2005) in 2011?’

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

PACKER’S CASINO PLAN GOES DOWN THE DRAIN

James Packer’s Publishing and Broadcasting Ltd. (PBL) has lost to Malaysian gambling group – Genting International, to build Singapore’s second multi-billion dollar casino on the resort island of Sentosa. PBL had jointly bid to operate an integrated resort including a casino, with Melco International Development Ltd. – its joint venture partner in Asia. PBL and Melco were a minority participant in a consortium headed by Las Vegas-based Eighth Wonder Asia, which had bid to develop the $3.5 billion resort and casino at Sentosa. The resort is scheduled to be operational by 2010 and will also include DreamWorks Digital Animation Studios. The resort will also include the world’s largest oceanarium, Quest Marine Life Park and a theme park called Equarius Water Park.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

Also Read:-
INDO-AFGHAN TIES
IIPM Students Life > Campus Placement
About IIPM > Mission
http://pankajsir.42tales.com/

Islamic Militia

After much bloodshed, series of coups and assassinations, hardcore Islamic militia who called themselves Taliban (students of Islam) took over Kabul in 1996. Things have changed phenomenally; however, post 9/11 as US forces decimated Taliban and installed a consensus candidate, Hamid Karzai in 2001. Karzai was duly elected as President in a direct election in 2004, the first democratically elected President in the chequered Afghan history. With the help of a 31,000 strong International Security Assistance Force (ISAF), the Karzai government has managed to keep militancy out of major cities like Kabul and Mazar-e-Sharif.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Cost-Warrior Akai

So, whether you blame it on cost-warrior Akai, aggressive marketers like Samsung and LG or the technocrat Sony, every competitor played its part in uprooting the dominance of BPL. Consequently, the Nambiars simply reacted to the strategies of the competitors and fire fought, rather than developing their own strategies. Worse, the group started taking out money from this business in order to invest in other businesses like telecom. Today, BPL, or what remains of it, is being looked after by Ajit Nambiar. After the mayhem caused by the Rajeev Chandrashekhar episode, resurrecting the group would not only be difficult, but quite near to impossible. With an open playing ground, can BPL come out tops ever? We’re not time, and we’re not telling either...

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

SOULFUL SINGING BY MYSPACE

Universal Music Group (UMG), which is owned by French media conglomerate Vivendi has accused MySpace users of illegally uploaded copyright music videos. UMG & MySpace (owned by News Corp) have an agreement, which allows the website to display music videos. UMG has filed a case in the US District Court in Los Angeles, claiming that the latter has breached copyright by reformatting clips so users can transfer them to another site. The company is demanding $150,000 for each material unrightfully present on MySpace and rightly so when UMG to its credit has hit record labels, which include some of the world’s greatest artists like U2, Luciano Pavarotti, Bon Jovi and many more.

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

BRAND : Alto

BRAND : Alto

HEADLINE : Limited Edition. Unlimited Fun

BASELINE : Count on us

AGENCY : Lowe

4Ps TAKE : It’s indeed celebration time for Maruti! After the successful launch of Swift last year, Alto has been declared as the largest selling car in India because of its fuel efficiency. The company is all geared-up to say ‘cheers’ to the Indian roads with its latest limited edition offering of Alto Xfun and assures you limitless enjoyment. The red colour splashed all over the visual also lends passion to the message. The new model is not only modified from outside (body coloured bumpers, body graphics and window frame masking) but inside as well (two-tone interiors, beige seat fabric, new age instrument panel and sporty gear knob), giving the car a sporty and advanced façade. Tagged at Rs.5 lakh, this Maruti will surely take the driver some distance.

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

BIGGER PLAYERS ARE NOT SO BIG!

It is beginning to be that time of the year yet again. A time when a sudden plan to fly down to Bangalore can have you tear your hair in frustration and increase the anxiety levels of your secretary and travel agent. You will get plenty of options when it comes to taking a flight to Bangalore, but land there and getting a blessed hotel room could be as difficult as an al Qaeda terrorist getting a visa for the United States! And Bangalore is just an extreme manifestation of what is happening across the country – an unprecedented shortage of hotel rooms that promises to get worse before it gets better. In a country where people are used to endemic shortages of power, water and even common civic sense, a shortage of hotel rooms may be yet another manifestation of India’s chronic infrastructure problems.

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

WHAT’S ON THE NEWS

Television Eighteen Group (TV18), the owners of popular news channel CNBC, has acquired CRISIL MarketWire (CMW) from noted credit rating agency CRISIL Limited. Although the financial aspects have not been disclosed, as per sources, the matters pertaining to the takeover have been tidied up and the actual transfer I scheduled on the coming January 01, 2007. This deal came hot on the heels of Zee taking over news agency UNI and India Quotation System (IQS) being bought by Reuters. The latter, according to analysts, was principally liable for CMW accepting the offer as IQS had been the data bank of CMW ever since CMW’s formation from the erstwhile Bridge News in the year 2001.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

INDUSTIRAL RELATIONS

The question is more poignant: Will Naveen Kumar Das still be ‘allowed’ to work in Tata Steel a decade from now? “14,000; I think we still need to look at about 14,000 more exits and some more relocations,” thunders Avinash Prasad across his exorbitant room, snugly sitting cross-legged on his commodious settee. As the Vice President, Industrial Relations, ‘quick gun’ Prasad – who has rushed to meet us from the Jamshedpur airstrip after landing from Mumbai – is clearly not bent upon earning brownie points, and he’s coming in with all guns firing, when he snaps, “And close to 10,000 migrations to other projects.”

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Microcredit

“One of the prime reasons for the success of the Grameen model of microcredit was that it was a private sector initiative. In India, it is the government which is undertaking the micro-finance activities. Thus, being a government led policy, it comes along with both corruption and red-tapism,” says Dr. Amir Ullah Khan, Deputy Secretary General, PH.D Chambers of Commerce & Industry. Since 1992, the governments have adopted the NABARD pioneered Self Help Group (SHG) Banks linkage model in which a homogenous group of people are provided credits on a collective basis. The performance of this model so far, has been quite impressive. From 255 SHGs linked with banks in 1992-93, the number reached 14,000 in 2000.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

IS HONESTY THAT TOUGH DOC?

MONEY COMES AND GOES, BUT DR. MCGUIRE SHOULD HAVE REALISED THAT RESPECT ONCE LOST, RARELY COMES BACK
It is said that the greatest wealth is health. And at times, when you aren’t in the pink of health, the greatest wealth is health insurance! But for America’s second largest health insurer UnitedHealth Group (UHG), the best medicine (if it existed) could have been insurance against greed! A corporate scandal involving grave tribulations with the way stock options were granted, has literally shaken the roots of the company and caused exits of quite a few high profile executives (either via resignation or by forceful removal). And when heads roll, even the best are not spared. At the top of the list was Dr. William W. McGuire, the iconic CEO of UHG, who was credited with bringing the company from oblivion to a position of indomitable strength.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

PLAYING BALL MR.MINISTER?

THERE’S NO VALID REASON FOR PREVENTING FM CHANNELS TO AIR DAILY NEWS
Now read this. Be it the Mumbai blast of 7/11 or the torrential rains of 2005 (both bringing Mumbai to a stand still), when the mobile networks were jammed and information about near and dear ones was the rarest of the rare phenomenon, when no minister or government information was available, those were the indispensable FM channels, which had come to the rescue of hapless Mumbaikars. Our very own and faceless, yet famous radio jockeys (RJs) stayed awake throughout the night, not just entertaining the millions stranded in jams, but also relentlessly helping people locate their beloved ones. These are the very FM channels, which our government would make us believe are not good enough to foray into current affairs and news programs because they might provoke certain sections of the society.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, 2006

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

IIPM-News Links:-

http://www.news4.iipm.edu/
http://www.news2.iipm.edu/
http://www.news5.iipm.edu/
http://www.news3.iipm.edu/
http://www.news6.iipm.edu/
http://www.news8.iipm.edu/
http://www.news7.iipm.edu/
http://www.news9.iipm.edu/
http://www.news11.iipm.edu/
http://www.news10.iipm.edu/
http://www.news13.iipm.edu/
http://www.news12.iipm.edu/
http://www.iipm.edu/
http://www.news14.iipm.edu/
http://www.iipm.edu/
http://www.news15.iipm.edu/

AWE’TUMNAL AURORA

NATURE’S FALL COLLECTION IS OUT
DIVINE DESIGNS
Almost heaven, West Virginia / Blue Ridge Mountains, Shenandoah River / Life is old there, older than the trees / Younger than the mountains, growin’ like a breeze. Country Roads, take me home…
John Denver couldn’t have painted a better picture of West Virginia... Almost heaven, is what it is, any time of the year. And in New Vrindaban community, set up by the founder of the ISKCON movement, with an aim to recreate the Lord’s childhood abode, there is left no doubt of the same, especially with all the colourful festoonery of fall. Around the Palace of God, better known as America’s Taj Mahal, overlooking the City of God, there is to be found, in addition to plenty of tranquility and vibrancy, that feeling of ‘rebirth’...

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

NEIGHBOURS’ ENVY, ABE’S PRIDE

KOIZUMI WOULD LEAVE A LEGACY OF ‘SHOULD NOT HAVE’ TO HIS STUDENT
He carries a huge burden of expectations on his shoulders. At 52, Shinzo Abe may be the youngest prime minister in post-World war Japan’s history, but he doesn’t have long political experience. Analysts feel that the Prime Minister may adopt a jingoist approach in his foreign policy. However, Abe in his first address to Japanese Parliament ‘Diet’, tried to play down on his image of being a staunch follower of Koizumi, by off erring an olive branch to Japan’s estranged neighbours: China and South Korea. He, at the same time, refused to have diplomatic ties with North Korea until its past abductions of Japanese citizens was resolved. Japan’s Vice Foreign Minister recently held talks with Chinese counterpart in Tokyo.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Security Force

Says former Central Industrial Security Force Director-General K. M. Singh, “It should give honest officers the stability they and their families need.” The Supreme Court recommendations are a voluminous exercise, which desperately needs to work. It was 25 years ago that a proposal was made to clean up the system and there are numerous cases of the police being influenced by political motives since then. In New Delhi, for example, the Priyadarshini Mattoo murder case drags on. There are many unreported Mattoos, which makes it worse.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

A SIMPLE TRICK TO GET A PERFECT 10!

MCDONALD’S MUST LOCALISE & DIFFERENTIATE TO SURVIVE THE ONSLAUGHT
Experience surely counts – and how? Look at Ronald McDonald – how calm and happy he looks with just 93 outlets in a dozen Indian cities; even while Yum! Restaurant’s Pizza Hut and KFC brands have collectively ramped-up their presence to 145 outlets! But are we forgetting that looks can be deceptive? Perhaps behind this laughing clown, there’s a serious, delving corporate giant, which is brooding over having just grown annually at a superb 40% over the past decade! And perhaps as a corrective measure, it’s planning another 25 by 2008, with outlay of Rs.4 billion! The company also wants to open-up new convenience formats for its customers like Cold Kiosks, McExpress, High way restaurants and Drive restaurants. “We want to go into almost all the Tier II and III cities.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Acquisition

The major advantage for M&M after this acquisition is that it would now have access to some of the renowned customers of Jeco, which includes names like Daimler Chrysler, ZE Group, Volvo & Renault, to name a few. Also, M&M would be able to use a capacity of one hundred thousand tonnes per annum and a total turnover of $229.26 million, which Jeco currently has. The latest deal is also important for M&M, as it will allow the company to serve the auto component needs of its present customers based in three major locations of Germany, UK & India. Although, M&M would currently own the stakes in the acquired firm through a Mauritius-based subsidiary, later it will be transferred to Mahindra Automotive and Steels Ltd.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Company Dividend

In terms of three years’ average dividend yield, Triveni Engineering and Industries Ltd. tops the chart among the BSE 500 companies. The company’s average dividend yield from the financial year 2003-04 to 2005-06 stood at a smashing high of 134.17 (their higher dividend yield figure of 275 in financial year 2003-04 being the main driver, as for FY 2005-06, the company recorded a dividend yield of 0.40 only). Construction and real estate company, Unitech Ltd., with an average dividend yield of 102.80, stands second in the list of BSE 500 companies. Triveni Engineering and Unitech have off ered aggregate dividends of Rs.0.50 and Rs.1.00 per share, respectively, in FY 2005-06.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

INDIA’ S 100 MOST PROFITABLE COMPANIES

Even the world’s second largest organisation, Wal-Mart, made it into this infamous list after showing extremely low capital appreciation over the past two years. Diversified companies have indubitably been able to improve shareholders’ value and extract profits over the years, and have also done justice to the sectors in which they are present. That formed the leviathan basis of our motivation to present to you the top ten most profitable diversified corporations in India. And in our researches, a company like Grasim, which has its presence in business spaces as diverse as cement, sponge iron and fibres – and which occupies the 25th position in the overall B&E Power 100 list – comes in rollicking at #1, when considered in an aggregate perspective relative to diversified companies. But predictably so, companies from the most well known groups of India, namely Tatas and Birlas, were bang on behind at number two and number three respectively. So, should India finally be going the diversified way? Well, at least we know of this guy called Ambani who thought so...

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

NASSCOM

Surely, the two decades of Herculean efforts and partnerships have been well rewarded as this company now finds itself in the NASSCOM top 20 exporters of software solutions. The merger with Orbitech has brought a sea change in Polaris’ fortunes and they’ve set up shop across 14 countries. Legacy modernization space has also been widely utilized by Polaris for close to 18-24 months. Jain says that they “need to do fast branding to get a mind share in this space, rather than in the pure services space.” Clearly, the ball is still very much in their court. Play on!

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

HAPPY DAYS ARE HERE AGAIN

The euphoria is taking over again; market pundits are now sounding bullish; bulls are taking charge; Sensex well above the magic 12,000 mark – it seems that stock markets are all set to test the limits again. The dampness is finally starting to wither off and investors are looking positive once again. According to a recent report by Standard and Poor’s on emerging economies (particularly the BRICS economies made famous by the 2004 Goldman Sachs report), India is the most preferred investment destination behind Brazil. Besides, while the emerging markets outperformed developed markets in the month of August, India ranked 1st and 2nd (behind Mexico) in terms of 1 month and 3 months returns according to the Standard and Poor/Citigroup BMI index.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

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Here’s one rooting for innovations...

IIPM : WHAT’S SECURITISATION?

IIPM-ARTICLE AND PUBLICATION

Congrats! You’ve made it!

Indians are no longer ‘guilty’ of possessions... If they have it, rest assured, they’ll flaunt it!
You are one who wants to brand himself affluent; you want the best; you want everything at your fingertips; you want the best of both worlds (India and Global) and you want respect, recognition and no-flaw delivery. Hold on! Do not mistake these as some of the symptoms of a new life-threatening disease like Chikungunya or Dengue, instead these are symptoms of the new “Affluent Indian” – a breed that is growing and evolving everyday. A study titled “Inside Affluent Space” carried out by American Express, a multi-interest world wide travel, financial and network services company, revealed that at present there are 0.7 million (estimated) Indians holding more than $0.1 million wealth that come under the affluent category termed as ‘I’ve made it’.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Satyagraha

Not many amidst us fully comprehend even the definition of Satyagraha (strength generated through adherence to truth), the centenary of which went by a couple of weeks ago without much notice, and many more would contend that Gandhian ideology and tenets have virtually no place in a world riddled with terror and threat at every step. Be that as it may, I completely advocate Gandhigiri in its purest form to our politicians and to ourselves as well – a revisit to the legacy of ethical virtue, brotherhood and principled living it stood for – and for the inspiration it should signify in times ahead. Bole toh…Banda Bilkul Mahatma Tha! Happy Gandhi Jayanti.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Saare Jahan Se Achcha

Isn’t it true that the hugely popular Saare Jahan Se Achcha was authored by Sir Allama Muhammad Iqbal, who subsequently became Pakistan’s national poet? So, I ask, should we impose a ban on that as well?! The bottom-line is that patriotism can neither be shoved down anyone’s throat, nor is reciting a national song or anthem or flying a flag on Independence Day necessarily a testimonial manifestation of worship for one’s country.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

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http://www.mybloghome.com/userviewblog.php?viewcat_blog_id=119&blguid=365

MODERN STRATEGY

Despite the buoyancy, India Inc. has made its share of mistakes. One of them was HLL’s takeover of Modern Foods in 2000. Some like Samarjit Singh, MD of Candid Marketing, call the MNC’s acquisition of the PSU, a ‘cultural mismatch’ and others even went down claiming HLL had put the ailing Modern Foods business up for sale. But, not any more. HLL has decided to merge Modern Foods (till now a wholly owned subsidiary) with itself, effective October 1. The next step is probably to restructure the operations of Modern Foods.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

BUSINESS BEYOND BOUNDARIES

Not only has the Swedish culture stood out of its small geographic boundaries, but also its economy, which never misses an opportunity to justify the prospects it holds for investors. Having developed its competence in technology and a well developed network infrastructure, Sweden has shown rising growth rates even at times when Europe was facing downturn. The economy recorded its highest growth in past six years during the second quarter of 2006, with a GDP growth of 5.5% as compared to same period last year (Central Statistical Bureau).

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

Profitable & Unprofitable Customers

But understanding where your customers fall on the NPS, and separating each group into profitable & unprofitable customers, will also help. High-profit promoters love to do business with you. They should be your top long-term priority for strategic investment & innovation. However, they are oft en taken for granted. Inadvertently, companies end up milking profitable promoters to fund solutions for less profitable ones. In the 1980s, American Express took healthy profits from its core travel-card business to get into financial services. Margins from high-volume card customers subsidized new customer acquisitions in the new business. Predictably, the company’s growth and profits tailed off – till it revitalized compelling propositions for core customers.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

IT’S A IT’S A HOME HOME RUN RUN

In this cold, callous world, where the markets are plummeting and economies are wobbling, is there anything that offers risk free returns? Now one would argue that risk is a universal truth and one cannot do away with it; even the superlatively secure government bonds have risk (albeit marginal) attached to them. Real estate, however, is a sector that has the nod from even the most pessimistic of investors today. K. P. Singh, Chairman, DLF, along with countless others who uncovered treasure troves with land bought for dirt cheap prices, few years ago, will proudly vouch for this. Consequently, investor sentiment would hardly be dampened this festive season by the successive interest rate hikes in early 2006.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

More Blogs By Me:-
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THE DOMESTIC MULLAHS

Home-grown prêt-a-porter players are trying their level best to outplay each other and are hunching over their drawing boards to chalk out success plans for the Navratras. “Every year, this is the time when the industry generates maximum revenues,” says D. K. Nair, Secretary General, CITI. No doubt this is a busy time for the textile titans. Affirms Vivek Hinduja, CEO Marketing, Gokaldas Exports which has Adidas & Nike as clients, “We are receiving huge orders from our retail clients and we are focusing on them.” Enticing the denizens of Mars for decades with its finest offerings, Raymond Ltd. is aggressively marketing and distributing its products this season. The company is planning to open nine exclusive Park Avenue stores and is
eyeing the institutional buyers.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

More Blogs By me:

IIPM Students Life > Campus Placement
IIPM-Publications:- The czar of IT steps down
IIPM-Think Tank Production
Story About IIPM-The Indian Institute of Planning and Management

DELL

The problem that has been detected with these batteries hints at a certain metal contamination within the battery packs. Excessive pressure exerted causes the metal to perforate the insulation, giving way to a short thereby overheating the battery. In exceptional cases, shorts can result in fires. The recall involving batteries fabricated by Sony Corp. could cost the company about $400 million. As part of the damage control measures, Dell has already made a special website giving details of faulty batteries. The defamed list of notebook PCs includes models from the Latitude Series; the Inspiron Series; the XPS Series and the Precision Series. The recall has been recorded as the largest ever in the history of the consumer electronics industry. It’ll certainly deter the efforts of both companies to build back the demand for their products.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Uber-Cool Abhishek

Though the last commercial evoked a somewhat- mixed reaction for not displaying the features of the car itself, instead simply creating an aura of ‘refined excitement’ around the brand, it nonetheless was highly appreciated for its slick storyboard! In the latest commercial from the Fiesta stable, the mood is decadent, with uber-cool Abhishek in typical holiday spirit, as he spins the car keys over the Indian map to finalise a destination where he and his coterie of friends will head. The destination they finally hit upon is Goa, and while his pals fancy the aerial route to get there, the Bollywood dude announces it’s going be the train, to everyone’s amazement.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

THE MERCHANDISE

While profits of stores like GAP and Marks & Spencer fell, things seemed to be going great for the Spanish retailer Zara. Today, its founder has become one of the richest men in Spain. His policy was straight and simple. People were looking for fashionable things – not necessarily things that would last for ages. So he gave them clothes that were different and fashionable without the hefty price tag, and kept changing the range constantly. The word-of-mouth about Zara’s excellent merchandise kept customers pouring in. In short, select your merchandise carefully. It should be insync with the image. Have an assortment of things to meet the needs of the people. Knowing what to keep & what to discard is the key to an expanding customer base. Retailing is definitely an art. It’s the art of charming your customers. You need to be creative, you have to make them want to own what you have to sell. So put on your thinking hats and rework your retailing strategies. If you want to survive – make them shop till they drop.


For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Dr. Reddy

Product promotions have also been barred. Nimish Mehta from Edelweiss confirms that “this could severely impact both sales and margins of Betapharm.” Prasad did admit that the expectations of the company from Deutschland could be fulfilled only in the long run. With several drugs going off patent in the next few years, governments across the world are expected to adopt stringent measures to control the prices of generics. France and Spain have already done it earlier this year. In the light of these latest developments, Dr. Reddy’s will increasingly feel the need to exercise extra caution with respect to all their future acquisitions overseas. They would certainly not want to get caught on the backfoot by policy changes on drug pricing the way they are facing in the land of the black forest.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

Legal Tussle in Ranbaxy

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In 1987, Mohan Singh had turned down the proposal of Parvinder Singh, of setting up a similar plant as that of Max India (built by Mohan Singh for his younger son Analjit) for making the 6APA compound. That was the beginning of the end of the father-son relationship! The milieu became worse in the early 1990s, when Parvinder differed from Mohan in his attempts to make Ranbaxy a global corporation. The saga of Parvinder Singh becoming the patriarch and his split with the founder became more lucid in the boardroom battle of 1993, and Mohan Singh was ousted from Ranbaxy, thereby appointing younger son Analjit as the sole legal representative for his 2.4 million shares in the company. With Mohan Singh’s death, a legal tussle started between Analjit and his nephews Malvinder and Shivender – sons of Parvinder Singh – the latter duo claiming that their late father had owned the shares directly.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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Santa Claus Economics

Indeed, electricity is another example of how Santa Claus economics is completely derailing reforms and threatening to scuttle growth prospects. The crucial amendments included in the Electricity Act, 2003, to reform the state electricity boards are lying in a limbo because many state governments are refusing to honour their commitments to reform their power sectors. Chief Minister Amarinder Singh is a classic example of continuing populism, even while staring at fiscal disaster. He has consistently refused to stop supplying free electricity to ‘farmers’ despite the state government hovering on the edge of bankruptcy. All this attention to doling out largesse comes at a time when the Planning Commission is talking about dramatic reform steps required to sustain a GDP growth rate of 8% to 10% that is required to eliminate poverty in the long run.


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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

IIPM-B&E Article:- MY TECHNOLOGY NIGHTMARE

Three weeks ago, the hard drive on my computer began dying. Its death was characterized by extreme slowness and unpredictable errors, errors which could be characteristic of a number of computer maladies. And although it was a SMART drive (Self-Monitoring Analysis and Reporting Technology), one which should describe its health to the operating system and to me, neither it, nor the operating system, reported the drive as moribund. One expects mechanical systems to eventually fail; one does not expect the soft ware systems designed to communicate failure, to fail. The reporting fiasco is analogous to the engine failing on one’s car because the temperature gauge showed that the engine was operating in normal ranges, when in fact, it was overheating.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

IIPM:- Urban Reforms

This scenario warrants urgent reforms including a change in archaic laws for revamping the cities. In this backdrop, the unwillingness of state governments to initiate changes for gaining access to central funds under Jawahar Lal Nehru Urban Renewal Mission defies logic. As mandated, state governments are required to bring down stamp duties to 5% in 7 years, annul the Urban Land Ceiling Act and modify the Rent Control Act. But as most of them are politically contentious, the delay gets a political colour. To make urban India habitable, not only are these initiatives required, but even effective core reforms need urgent implementation to invigorate the Urban Local Bodies created by the 74th amendment.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

IIPM-Press Article:- SWISS-‘ER?’-LAND

Switzerland has historically comprised autonomous cantons, the history of some dates back to 700 years. The Swiss confederation came up in 1291 and gained freedom from the Roman Empire in 1499. Since then, the confederation has gone through many of the European ‘Balance of Power’ wars; yet, over all these, and even during both the World Wars, the Swiss maintained a position of neutrality, which critics claimed was a fence-sitting posture, more because Switzerland was a safe haven for the rich & powerful, from all countries, to park their wealth. Since ages, its political neutrality and economic openness has helped it maintain friendly relations with all its neighbours, including Germany.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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Money on Movies

Reliance’s famed fables!

MISSING THE KODAK MOMENT…

AND THE ELEPHANT DID DANCE...

Sense and Skype’bility

Here comes the killer, honey!

IIPM-News:- Reliance Expand its GSM Operations

By announcing its decision to expand its GSM operations, Reliance did exactly that. The very fact that Qualcomm CEO, Paul Jacobs planned a visit to India days after Reliance’s announcement to explain his stand on the issue to DoT, cannot be termed a coincidence. While this issue was in the press, discussions were still going on. Despite all the hype and hoopla that hogged the headlines last few days, the Reliance decision certainly cannot be a mere aggressive posturing. So the question arises – why GSM, and why now? For starters, who can ignore the GSM mobile subscriber base in India, which crossed the 75.3 million mark in May 2006, and accounts for a whopping 74% of the total market? Even for a formidable player like Reliance, taking on the might of Airtel & Hutch is tough.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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MISSING THE KODAK MOMENT…

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The Mauritius Institute's Museum of Natural History

IIPM-Publications

Parts of town and the monuments present, including the original Government house, the most ancient theatre of the Indian Ocean and the museums (the Mauritius Institute’s Museum of Natural History holds in exhibit the now-extinct dodo, a bird known only to have inhabited this island country) that lie a pleasant stroll away. In stark contrast to the contemporary ambience that Port Louis teems with is the Chinatown located in the old city.

I agreed with Youssef for once, for the language I heard truly resonated as Greek, leaving me equal parts bemused and bewildered! The blazing heat, assorted vendors peddling their wares and the tangy aroma of spices wafting through the air made evident the reasons why this area has been christened such. And as the baptism of destinations goes, our next boasted an exceptionally curious name indeed. Mention of Curepipe – where Youssef informed we were headed – resulted in my piping up and quizzing my garrulous guide: “Is there a

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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Rising Fuel Prices

Though analysts are quoting that rising fuel prices would be the chief reason for Grupo’s BAA fling crashing down, the fact is that IATA has forecast air fares will, in reality, drop by 1% per annum over the next decade (IATA estimates). Of course, while rising global fuel prices have made the aviation industry’s operating costs rise up to 22% of total costs (from 13% in 1995), OECD statistics testify that oil prices will stabilise at lower levels over the next decade. Also, and most promisingly, IATA has forecast increased profits, for the industry in Europe (with $1.3 billion projected for 2006).

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Source:- IIPM-Editorial, Editor:- Prof. Arindam Chaudhuri - 2006

DEPT WRITE OFF

Research and publication, IIPM-Knowledge Centre

If the company is reluctant to commit to a timetable, the candidate may prefer the safety of a present position, than the risk of an uncertain promise. Additionally, the company must compete for talent not only with other firms searching for COOs, but also with companies searching for CEOs. As the number of CEO opportunities rises, the COO talent pool shrinks. And potential COO candidates, who have the ability to be a CEO from day one, often prefer to wait until that day comes. Despite these challenges, there are some things you can do to increase the odds of a successful search for a COO who can eventually succeed the CEO:

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Source:- IIPM-editorial,

Editor:- Prof. Arindam Chaudhuri, 2006

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Tour De Lance!!

What we do in life, echoes in eternity…
Talent, as is often surmised, does what it can whilst genius ordains that which it must. Memories of the vanquished left by the wayside are not savored by afi cionados. Indeed, it is the champion who captures our imagination in ways unenvisaged possible. There is something about watching heroes arise phoenix-like from the ashes that makes us wait with bated breath, and so it was why I chose to be with Lance Armstrong. In a manner befitting his nomenclature, he jousted with all the obstacles that some cosmic evil deemed fit to litter his path with and trounced them all with aplomb that only the truly valiant possess.

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Source:- IIPM-Editorial, Editor:- Prof. Arindam Chaudhuri - 2006

Ministry of Love and Ministry of Truth

A potboiling portrayal of the monstrosity of man-induced utopia is in order (disorder??) as I journey to my final destination for the time – to a chamber of doom in George Orwell’s 1984 – hapless onlooker to the execution of Winston Smith, in a despotic, authoritarian world split into the three super-states of EastAsia, Eurasia (formed by Russia devouring Europe) and Oceania (created by the United States engulfing Great Britain). I learn that Smith was once an official of the ‘idealistic’ system of governance in London, increasingly dissatisfy ed with the draconian measures of the Government, with its various ministries that redefi ned irony in their manner of operation – the Ministry of Peace that instigated war, the Ministry of Plenty that apportioned food, the Ministry of Love that inflicted atrocities on alleged ‘criminals’ and the Ministry of Truth – that doctored records to uphold the ‘fair’ judgement of the Government.

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Source IIPM-Editorial,2006

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Elerror De Diciembre

Whether it was a “mistake of December” or not, it did lead to the downfall of peso (the official currency of Mexico) – to the extent that the downfall became one of the most dreadful crisis in Mexico’s history. After being tattered by crisis during eighties, Mexico’s move towards free market economy left the country in a situation that made its currency more vulnerable to external shocks. And to cope with these external shocks, the floating band of peso was widened; it led to a 15% devaluation. And to aggravate the situation further, the peso was allowed to float freely against the dollar. This resulted in a capital exodus, exacerbating the fall of the peso to unprecedented levels.

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Source IIPM-Editorial,2006

Mumbai: 1 motive, 200 dead (IIPM-News)

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It was cold revenge at its diabolic worst. Thirsting to get back after the 1992 demolition of the Babri Masjid and the anti-Muslim riots in January 1993, a group of militants guided by Dawood Ibrahim set off serial blasts in March 1993 in Mumbai, India’s financial capital. At least 200 people died and 800 were injured after 13 bombs exploded within 75 minutes of each other across Mumbai. The first bomb went off at 1.25 pm at the Bombay Stock Exchange. The blast occurred in the basement garage and blew up more than 30 cars and shattered windows. The Air India headquarters was bombed, as were the Bank of Oman , government offices, banks, cinemas, bazaars, two hospitals, a university and several hotels. The attacks on Mumbai were seen as retaliation for anti-Muslim riots in the city two months earlier, in which left more than 500 people died and over 40,000 left the city. The blasts divided the Mumbai underworld with Hindu dons parting from Dawood and swearing revenge for targeting Hindus.

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Source IIPM-Editorial,2006

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Air Deccan's Radical Initial Success

The carrier not only removed price barriers, but also was able to bring about a tectonic shift in the minds of the Indian consumer. The strategy that is driving its innovative paradigm is simple – the airline offers tickets at low fares and balances it by cutting down the frills and all other additional costs; and follows a business model that schedules small aircrafts for towns and larger aircrafts for metros. As Captain Gopinath (below) envisages, “We should be the largest people’s carrier in India, as it sounds good.” After Air Deccan’s radical initial success, mainstream airlines like Jet, Sahara and Air India have had to lower their fares. The Deccan plateau notwithstanding, the Captain is slated to rule the skies, and most innovatively!

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Source IIPM-Editorial,2006

America's Most Admired Company

GE certainly looks to have moved out of the Jack Welch era, which speaks volumes about the inherent strengths of the company. In fact, even Immelt is only implementing a well laid out plan, which depends least on any particular leader’s initiative. Almost like an objective oriented democracy, GE can run as effi ciently even if Immelt were to be replaced by, say, nobody. GE remains, for the sixth year in succession, in 2006, America’s most admired company (Fortune). Without doubt, in organic growth and in conglomerate diversifi cation, GE has certainly shown the global corporate world a new way – the GE way!

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Source IIPM-Editorial,2006

Northwest fuels huge losses

Northwest Airline, America’s fourth largest air carrier has accumulated a loss of $1.1 billion in the first quarter. The losses are mainly attributed to increasing fuel costs and costs associated with its bankruptcy reorganisation. The fuel expenses increased to 18% to reach at $744 million, despite the fact that Northwest Airline had reduced its consumption by 13%. On the flip side the labour costs were reduced by 30% to $676 million, thus reducing the total operating expense by 6.2%. Though the company is successfully carrying on the restructuring process, it would take some time to position the company for long term success.

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Source IIPM-Editorial,2006

CORPORATE POLICY

Monday, March 27, 2006 at 1:55 AM PST Or is it a corporate policy for such Asian giants to continue earning low margins – and even losses in some quarters – just for the sake of continued market presence? For records, LG does expect to register sales of Rs.15 billion from products across all categories for the two-month festive season, compared to last year’s Rs.10 billion. Not to stay be­hind its Korean rival, even Samsung has announced the launch of the ‘Pehla Ka­maal, Doosra Dhamaal’ promotion pro­gramme for the festival period.

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Source IIPM-Editorial,2006

The Italian Heritage of Design (IIPM-Publications)

For, the Italian heritage of design that manifests in all things from cars to clothes, probably owes its aesthetic ancestry to when reigned supreme the classicism of culture and creativity. Be it the powerful contours of a Ferrari or the contour-hugging Versace designs; present day Italy’s universal hallmarks may not be very reminiscent of its golden age but as Milton ‘I _ NY’ Glaser (a Fulbright scholar himself from the Academy of Fine Arts, Bologna) suggests, there has been a progression from that of artists practicing design to designers who practice art! Just that the ateliers have shift ed from around Florence and Lombardy to Turin and Milan! In fact, Lorenzo Ramaciotti, general manager of Pininfarina – coveted specialty vehicle makers – drove home the point when he reportedly stated of his fellow-folks, “We’re very individualistic people with taste rooted in the Renaissance. The stereotype of Italy as a land of creative people is true.” And eternal too...

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Source IIPM-Editorial,2006

Social Welfare Spending is Lower in the US than in the Nordic Countries (IIPM-News Article)

Similarly, although social welfare spending is lower in the US than in the Nordic countries, its budget deficit as a share of national income is much larger. The US spends less in the public sector, but it taxes even less than it spends. Nor has high taxation in the Nordic countries impeded economic performance. Rather than relying mainly on income taxation, as in the US, the Nordic countries rely on value-added taxation, which provides a relatively high amount of revenue with relatively low rates of evasion and few distortions to the economy. The Nordic experience also belies conservatives claim that a large social welfare state weakens incentives to work and save. National saving in the Nordic countries averages more than 20% of national income, compared to around 10% in the US. Moreover, economic growth in the Nordic countries has been similar to that in the US in recent years. Income levels are higher on an average in the US, but mainly because the Nordic countries work fewer hours per week. In any case, all of the Nordic countries have very high incomes, and Norway’s per capita income actually exceeds the US.

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Source IIPM-Editorial,2006

Indian Real Estate Sector

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Already the big fish in the Indian real estate sector like DLF and Parsavnath have finalised plans to float IPOs later this year, in an effort to bring in more transparency and professionalism into their portfolio to mobilise partnerships and joint ventures with the slew of foreign players coming in to enjoy the realty party. In fact, once DLF hits the capital bourses (slated for June this year) and raises the expected Rs.105 billion, the Group’s promoter K. P. Singh, may well qualify to enter the Forbes list of billionaires.

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Source IIPM-Editorial,2006

Residential Space

Good infrastructure, thriving financial & entertainment sectors, professional work culture, provide sound basics for a booming residential real estate mart. And, as the city itself gets congested, it is accommodating new additions at its seams viz. the fast-developing suburbs. More and more professionals are seeking out spacious (and cheaper) housing options in Malad, Borivalli, Thane and New Bombay. Away from the crowded interiors and yet well connected to the city, the suburbs are the areas where departmental stores and multiplexes are literally climbing out of the woods. Bandra, Santa-Cruz, Malabar Hills, Worli, to name a few are the localities where rates of approx. 70% are being ploughed back.

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Source IIPM-Editorial,2006

MCD Demolishing Drive...

The last quarter saw nearly 700,000 sq ft of office space being transacted in the region, of which two-third was in Gurgaon. Sources say that about 23.2 million sq ft of total retail space is expected to enter the market by end-2007. Moreover, the recent MCD demolishing drive has sparked off a booming demand for alternative commercial space, not just for the already demolished shops, but also for fearful others.

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Source IIPM-Editorial,2006

Global Communications Solutions Provider (IIPM-News)

Finally though, on April 2, 2006, the two companies confirmed that they had in fact combined to “create the first truly global communications solutions provider with the broadest wireless, wireline and services portfolio in the industry,” with combined sales of over $25 billion and a manpower of 88,000 employees. Patricia Russo, Chairman & CEO of Lucent (left ), and CEO of the new entity, elaborated that “the communications industry is at the beginning of a signify cant transformation... one that is projected to enable converged services...” But analysts have questioned Alcatel’s off - take from the merger.

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Source IIPM-Editorial,2006

Oral Birth Control Drugs (IIPM-News)

Schering supreme Hubertus Erlen commented, “It is not possible for Schering to maintain its independence, given the Bayer offer.” The new entity would have combined net sales worth approximately $18.4 billion and would create a health care unit ranked amongst the world’s top 12 companies. It would also add Schering’s Yasmin – one of the world’s highest selling oral birth control drugs with sales of $718.45 million in 2005 – to Bayer’s portfolio.

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Source IIPM-Editorial,2006

Oral Birth Control Drugs (IIPM-News)

Schering supreme Hubertus Erlen commented, “It is not possible for Schering to maintain its independence, given the Bayer offer.” The new entity would have combined net sales worth approximately $18.4 billion and would create a health care unit ranked amongst the world’s top 12 companies. It would also add Schering’s Yasmin – one of the world’s highest selling oral birth control drugs with sales of $718.45 million in 2005 – to Bayer’s portfolio.

For Complete IIPM-Article, Click IIPM-Business and Economy

Source IIPM-Editorial,2006

Oral Birth Control Drugs (IIPM-News)

Schering supreme Hubertus Erlen commented, “It is not possible for Schering to maintain its independence, given the Bayer offer.” The new entity would have combined net sales worth approximately $18.4 billion and would create a health care unit ranked amongst the world’s top 12 companies. It would also add Schering’s Yasmin – one of the world’s highest selling oral birth control drugs with sales of $718.45 million in 2005 – to Bayer’s portfolio.

For Complete IIPM-Article, Click IIPM-Business and Economy

Source IIPM-Editorial,2006

CPI: Cost of living

Cost of living measured by Consumer Price Index for all commodities, increased by 2% in the first quarter of March 2005, compared to a 2.3% increase in 2004. Energy prices were the main drivers of index, as energy products increased by massive 5.9% in March 2005 compared to just 2.4% in 2004. Processed foods experienced the second highest increase of 2.8% in March 2005 against 3.6% in 2004. For the entire Euro region, core inflation remained stable at 2% in 2004.

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Source: IIPM-Editorial,2006

CPI: Cost of living

Cost of living measured by Consumer Price Index for all commodities, increased by 2% in the first quarter of March 2005, compared to a 2.3% increase in 2004. Energy prices were the main drivers of index, as energy products increased by massive 5.9% in March 2005 compared to just 2.4% in 2004. Processed foods experienced the second highest increase of 2.8% in March 2005 against 3.6% in 2004. For the entire Euro region, core inflation remained stable at 2% in 2004.

For Complete IIPM-Article, Click IIPM-Management Institute

Source: IIPM-Editorial,2006

CPI: Cost of living

Cost of living measured by Consumer Price Index for all commodities, increased by 2% in the first quarter of March 2005, compared to a 2.3% increase in 2004. Energy prices were the main drivers of index, as energy products increased by massive 5.9% in March 2005 compared to just 2.4% in 2004. Processed foods experienced the second highest increase of 2.8% in March 2005 against 3.6% in 2004. For the entire Euro region, core inflation remained stable at 2% in 2004.

For Complete IIPM-Article, Click IIPM-Management Institute

Source: IIPM-Editorial,2006

"Mixed Income"

Research and publication, IIPM-Knowledge Centre

But he concedes that it will be a fight - The old line families in Audubon and the Garden District may pay lip service to “mixed income” housing, “but the Bourbons uptown would have a conniption if a Section 8 tenant moved in next door. It will certainly be interesting.”

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Source: IIPM Editorial-2006

"Mixed Income"

Research and publication, IIPM-Knowledge Centre

But he concedes that it will be a fight - The old line families in Audubon and the Garden District may pay lip service to “mixed income” housing, “but the Bourbons uptown would have a conniption if a Section 8 tenant moved in next door. It will certainly be interesting.”

For Complete IIPM Article, Click IIPM-Knowledge Centre

Source: IIPM Editorial-2006