Showing posts with label IIPM Management Institute. Show all posts
Showing posts with label IIPM Management Institute. Show all posts

Thursday, October 11, 2012

Tata Steel man

Ratan Tata himself is in favour of the successor being an insider rather than an outsider

Company officials are of the opinion that there are two strong contestants running the race for succeeding Muthuraman. These are the two Executive Directors (ED) – Dr. T. Mukherjee and H. M. Nerurkar. Dr. Mukherjee has been the force behind the operations of the Jamshedpur plant. Tata Steel sources reveal that Dr. Mukherjee is essentially ‘a person from the shop floor’. Nerurkar, the other person in the race for the top job at Tata Steel, joined the company in 1971 and has held various positions including Chief Metallurgist and Chief Operating Officer (Steel), till he was appointed Chief Operating Officer of Tata Steel in November 2007.

The ultimate decision will be taken at the Bombay House board room in due course, sources said. Even as the succession plan is being carried out in hushed tones, an effective CEO succession strategy needs to take into account the different succession scenarios that a company could face in these difficult times and to ensure a smooth transition.


Source : IIPM Editorial, 2012.

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IIPM : The B-School with a Human Face
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Wednesday, October 10, 2012

A winner on every pitch

'Diggi Raja' has attained an enviable political stature, and has kept his feet firmly on the ground

Once an opener and wicket-keeper in his college team, 'Diggi Raja' or Digvijay Singh can’t help but compare politics with cricket. In fact, he feels that both have uncanny resemblance in their characteristics. Diggi Raja was once heard saying that politics was like batting, where a batsman must learn to tackle beamers in order to score. Also, like batsman, politicians need immense patience to wait for the right occasion to strike and when the moment comes, make some quick decisions. We can’t agree more.

Digvijay Singh joined politics when he had barely crossed his teens. He ruled India’s then largest state, Madhya Pradesh for close to a decade – 1993 to 2003 – and when he lost the elections in 2003, he put on a very brave face, something so uncommon in Indian political class, and decided not to contest elections for the next 10 years. He was inducted in the core group of the party and assigned the post of General Secretary. His profile changed forever. Now, like his peer Ahmad Patel, he has become the eyes and ears of not only Rahul Gandhi, but of the party high-command itself. For example, in a recent meeting, he opined that the party should promote youngsters for seats that it considers “tough ones”. The idea struck a chord where it mattered the most: Rahul Gandhi.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face

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Monday, October 08, 2012

Arjun’s back with a vengeance

For most of his term, he had his hands tied left, right and centre; Arjun’s back with a vengeance

Unfortunately, somewhere along the line, transformation got replaced by ‘regulation’, a factor that now seems to be stifling higher education to a point of death. Analysts comment that it is only when this quasi license permit raj in education is dismantled by the UGC and AICTE, will the education sector take off and become world class. And both the UGC and AICTE have a credible supporter for reforms; Arjun Singh himself. “The new law will help us regulate foreign education providers while keeping out fly-by-night operators. We hope to introduce the bill in the coming session of Parliament,” Arjun confidently shared this viewpoint with the media once his meeting with the state education ministers got over. One doesn’t need ESP to understand that this time, Arjun is hitting Left, Right and Centre to ensure the Bill gets passed! And he just might succeed!

Just as the entry of foreign players in various sectors has vastly improved the quality of Indian companies, the entry of foreign players in education will lead to a dramatic improvements in the quality of education in the country. Way back in the 1980s, a man whom Arjun Singh admires a lot, Rajiv Gandhi, had strategically used a man called Sam Pitroda to kick-start the telecom revolution in India. The same man now heads the Knowledge Commission, a body mandated to transform the education sector in India. All Arjun Singh needs to do is emulate Rajiv Gandhi and back Sam Pitroda to the hilt.


Source : IIPM Editorial, 2012.

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Monday, September 10, 2012

Activism or Funda-Mentalism?

Blind and fanatical belief in ‘ISMS’, Apart from sheer greed has become the hallmark of activism and ngos in India. hating India is a Democratic right; but not at a cost to India

Allow me to put things in perspective right away. Most of you are painfully aware of the following facts: about 1.5 million Indians die of malaria every year; more than 1.5 million Indians succumb to TB every year and more than 2 million young children are killed every year by diarrhoea and related stomach disorders. I have absolutely no doubt that all right-thinking Indians often feel ashamed by these appalling numbers and the heartbreaking human misery that is hidden behind the statistics. And yet, India is awash with activists and NGOs who keep trumpeting from every available rooftop that AIDS is a kind of Biblical scourge that is devouring India. So persistent, so loud and so powerful are the voices of these activists and NGOs that many Indians think AIDS is one of the biggest killer diseases to stalk India. But how many unfortunate Indians are actually killed by AIDS? Not even one for every Indian that dies of malaria, TB or diarrhoea. Common sense demands: then why ignore TB and malaria and create such a hoopla about AIDS?

You guessed it. It just so happens that a certain corporate baron and philanthropist called Bill Gates and his wife Melinda Gates have been donating hundreds of millions of dollars for tackling AIDS in Third World countries. Yes, they do donate equally well to address some other health issues too, but the very word of AIDS conjures up magic that opens doors to vast donations, funds and incredible opportunities to travel around the world and schmooze with assorted do-gooders. So it is AIDS that everyone talks about – including page 3 people. Try talking and arguing with these activists about why we should be paying more attention to malaria and TB. The best response you will get is a derisive snort while the more ideologically evolved activists will accuse you of being a reactionary, a Neanderthal, a feudal and worse. Forget the jargon, AIDS is sexy. Who cares about TB and malaria?

Don’t you think that just about sums up the state of activism in India?

Let me make a few points here. First: no one with common sense will deny that AIDS is a serious problem. Second, the unfortunate fact is that TB and malaria are bigger problems. Third, anyone who denies this has a serious problem of misplaced priorities. If you are a CEO running a company or even senior manager running a division, you will know that priorities are critical. That’s what students of basic economics are taught: priorities determine the balance between unlimited needs and limited resources. That is what a good politician learns very quickly: how to prioritise the numerous – and often conflicting – demands. That is how societies, nation states and civilisations have evolved: by learning to prioritise and then trying to balance the conflicting priorities.

There will always be a conflict between security and human rights. Both are very important for a young democracy like India. There will always be a conflict between industrialisation and environment. Both are very important for sustainable growth of the Indian economy. There will always be a conflict between infrastructure projects and the people whose lives the projects will disrupt. Both matter. There will always be a conflict between new technologies like GM in agriculture and the preservation of existing pool of seeds and know-how. Both matter. There will always be a conflict between globalisation and the threat it poses to local communities and livelihoods. The real challenge is to nurture both.


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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Saturday, September 08, 2012

So do Aliens really exist?

August 5, 2010: UK Government officially accepts the hushing up of a confirmed UFO incident by releasing 5000 plus pages of UFO reports! So do Aliens really exist? The Scrutiny team does a quick recap of available research in this area!

February and March, 2009: Many holidaymakers in Somerset, UK, witness and record a UFO flying over the coastline in February 2009. The Telegraph reports this, and a month later, also publishes the mobile phone photo shot by Derek Burden of the London Skyline in March 2009, which has four UFOs clearly visible.

December 1, 2009: The British Ministry of Defence on December 1, 2009 silently shuts down its UFO investigations unit, and mentions in an official statement, “In over fifty years, no UFO report has revealed any evidence of a potential threat to the UK... There is no defence benefit in such investigations and it would be an inappropriate use of defence resources.” As per estimates, the closure would save around £50,000 a year of taxpayers’ money.

August 5, 2010: At the end of World War II, a British RAF plane flying over the English coast confirmed that a UFO flew alongside the plane for sometime and then disappeared at high speeds. The plane crew photographed the UFO. But Winston Churchill immediately put a 50 year ban on any reports of the incident, commenting that “it would create mass panic and destroy one’s belief in the Church.”

On August 5, 2010, just eight months after the closure of UFO investigations, and after Churchill’s 50 year ban terminated, the UK government publicly and momentously accepts the WW II incident by officially releasing more than 5,000 pages of UFO reports. The global media more or less misses reporting this.

In summary, government investigations over the years have been quite interesting. The official opinion on UFOs is neutral or negative, despite the unanswered question. As per the recent findings of the French space agency CNES, about 14% of some 6,000 UFO cases studied have remained unexplained. After two expensive American government investigations – Project Sign and Project Grudge – failed to make definite inferences, Project Blue Book concluded that UFOs do not possess a significant threat to mankind and no evidence indicated that the sightings categorised as “unidentified” are extraterrestrial. At the same time, investigations by highly respected media agencies like National Geographic and Discovery put paid to such official rejection of UFO claims.

The biggest hit to the US government came just sometime ago, when US Navy pilot and former NASA employee Edgar Mitchell – who holds qualifications from Carnegie, Harvard and a PhD from MIT – revealed to the Discovery Channel that as per his interactions at Pentagon, the Roswell incident was true, and that there was an alien UFO spacecraft that crashlanded that day; he also revealed that certain specific recent UFO incidents were confirmed alien spacecraft sightings. Edgar was incidentally the Apollo 14 astronaut who became the sixth man to walk on the moon.

Evidently, whether UFOs and aliens exist, is clearly a test of human intelligence and philosophical strength. Imagine the panic that could be generated if Obama were to one day address the world and announce that aliens had finally made contact. The primary reason for this panic would be the current refusal of global governments to educate the masses in a structured manner about the definite possibility of alien existence. When even NASA can now officially confirm that they “don’t deny the existence of aliens,” it’s time global governments accept reality and start taking early steps towards reducing future possibilities of mass hysteria, when and if such an alien contact report is finally made public.


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face

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Thursday, September 06, 2012

L. N. Mittal and his siblings have been dramatically different

Post the split of the business, the destinies of L. N. Mittal and his siblings have been dramatically different. But one can also find them converging on some fronts now

The tendency to live dangerously does have repercussions, for the one problem both companies have to naturally face with is debt. Arcelor Mittal itself had a debt of $18.8 billion by the end of 2009, an improvement from the high of $32.5 billion by September 2008. You wouldn’t consider that a problem in the case of Arcelor Mittal, but for the fact that the company is equally susceptible to swings in the steel sector. Last year, the company posted net income of only around $75 million compared to $10.49 billion the previous year. The reason was the decline in demand and average steel prices as reflected by the global recession. That is precisely why not having production capacity in a growing market like India pinches L. N. Mittal now like never before.

As far as Ispat is concerned, profitability has been hard to come by, despite the fact that it is present in the booming Indian market. The company recorded Rs.83.63 billion in gross income in FY 2009-10 (a drop by 8.4% yoy). Losses for the year were at Rs.2.53 billion compared to Rs.6.9 billion the previous year. Moreover, its D/E ratio is rather high at 4.1 at the end of the year. By June 2010, its debt was at Rs.71.86 billion. Recently, rumours were rife that the company’s lenders are planning to sell out stake to other companies, which Ispat has denied in a letter to B&E. Ispat’s problems have actually been compounded by the lack of captive iron ore and coking coal. A steel analyst on condition of anonymity told B&E, “Due to the high cost of raw material and debt pressure, the company continues to suffer. They need a sustained steel cycle for some time to be able to get out of that situation.” Moreover, they realize the need to convert debt to equity, which is where the 10% stake sale to Stemcor for Rs.65 billion has come in quite handy. On the raw material front, an Ispat spokesperson tells B&E, “Ispat constantly seeks to ensure security of raw materials, achieve reduction in costs of inputs, improve process efficiencies, rationalize production capabilities and enhance plant performance. Initiatives include commissioning of 110 MW power plant at Dolvi, coke oven plant with annual capacity of 1.0 MTPA and Iron ore pellet plant (capacity of 2.0 MTPA) at Dolvi and Damkodwadvi in Maharashtra.” In addition, the top line has been stagnating for the past few years and must be addressed urgently as well.

While Arcelor Mittal needs to consolidate its operations and make headway into the Indian market, the imperative for Ispat is to ensure backward integration and improved efficiency. Both have to look at their leverage carefully before taking up more aggressive expansions. Interestingly, it seems that their destinies seem to be converging in this sense, an event that has been rather unprecedented since 1994.


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
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Friday, August 31, 2012

Priyanka to the rescue!

While on one hand Priyanka Chopra is celebrating the launch of her new website, on the other hand she is mourning over the cloudburst in Leh that has destroyed the Buddha Stupa and a market that she vividly remembers from her childhood days. Having spent a memorable one year in the region, the former Miss World is now doing all that she can to bring back the life and charm of the place.


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Wednesday, August 29, 2012

“The government is trying its level best to control the inflation rate”

Oscar Fernandes, former minister and General Secretary AICC, on functioning of UPA-II and how the government plans to resolve the suffering of the common man. by Pramod Kumar

B&E: There is a constant hue and cry over the failure of proper functioning of UPA II? Your comments?
OSCAR Fernandes (OF): The UPA-II is completely devoted towards the social sector. Our first step was job guarantee through NERGA. Then the government started the Sarva Shiksha Abhiyan. There are several flagship programmes run by the central government. The impact is an increase in the purchasing power of Aam Aadmi. For example, a person who gets employment for hundred days can now purchase 50 kg of rice and wheat if he belongs to the BPL category.

B&E: Whatever the government had promised has not translated into reality? There seems to be a lack of attempts to reach the aam aadmi, who is suffering due to soaring prices...
OF: I don’t agree with this argument. The beneficiaries are increasing day-by-day. I can give you an example. Five years back, the number of vehicles in cities was much less. Now, the same cities are overcrowded in terms of number of vehicles. This shows that the purchasing power of people is increasing. Same is the situation in other cities too. People are by-and-large happy and contented. They are leading a comfortable life.

B&E: How can you justify rising inflation rate, Naxal problem and conflicts in Jammu and Kashmir?
OF: The government is trying its level best to control the inflation rate. However, at the same time hoarding and unnatural scarcity of food grains are also to be blamed. It’s the responsibility of state governments to check hording and black-marketing. Finance Minister Pranab Mukherjee has already justified this in the Parliament – even the increase of oil prices. The government is also concentrating on social sector and the welfare of people.


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Tuesday, August 28, 2012

How(l) do you do?

Pampered pooches ‘howl out aloud’ and ask for a life that they truly deserve. It’s time to train the trainers!

Ayesha was down in the dumps when she lost Toggle, her 5-month-old black Labrador puppy. To cheer her up, like a true dog enthusiast and a concerned friend, I got her Ginger, a female German shepherd puppy. Ayesha’s eyes filled with tears of joy as she hugged me and Ginger simultaneously! I felt she might go overboard with joy, and pamper her pooch to no end, so I gave her a few tips to raise a perfect puppy. Lost in the joyous moment and completely involved in Ginger, she nodded to whatever I blabbered and probably forgot everything as soon as I left.

Today, Ginger is a year old and has the right to climb-up on the couch, cuddle-up in bed and snatch anything she feels like from any of the members’ hands. She definitely is the pack leader. According to Ayesha, Ginger is the lady of the house and she commands/demands respect. “She need not go for a walk, because it’s too hot and we stay on the second floor. She needs a pedicure every month and has to visit the spa for her massage and hair grooming. I recently got these incredibly cute shoes for her from the pet shop and I can’t wait to order the organic towels for her, which I saw on the net the other day!” said Ayesha. Ayesha supposedly can’t get enough of Ginger, but has forgotten that Ginger is an animal, and probably deserves a life not as girlish!

Several dog owners’ never-ending whims and fancies lead to pooches being pampered silly. A booming industry is now tapping into the true potential of pet lovers in India. A certain few might stall at ‘Windsor’, Khan Market for picking up a mint chewy or a designer leash. Be it a relaxing aroma bath at ‘Scooby Scrub’ or a nice pool party at ‘Kennel 1’, people in most metros are splurging non-stop for their furry companions. All around the world this scenario persists. In China, dogs are being groomed to sport fashionable bright red or green fur on their tail or around the neck. Not only that, some people are shelling out extra bucks to give their pooches a panda-like look! Meanwhile, some insecure pet owners in the U.S. are happily paying-up a whopping $30000 insurance policy for their canine buddies!


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Monday, August 27, 2012

War within

Army’s stand is perplexing

A few days back, the Indian Government challenged the Delhi High Court judgment regarding permanent commission to women in the army by moving the Supreme Court of India. On March 12, 2010, the HC had directed the government to allow grant of permanent commission to women in army and air force. Under this directive, women serving in the short service commission program would be treated at par with their male counterparts, which will be applicable to future recruitments only. While the air force has complied with the order already, the army has gone on record to say that it is not ready to provide permanent commission to women yet.

As of now, women in the Army are only recruited for Short Service Commission (period of 14 years) unlike their male counterparts, who enjoy permanent commission after five years. This move by the government and the army does come out as highly discriminatory, despite claims to the contrary.

Source : IIPM Editorial, 2012.

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

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Thursday, August 23, 2012

A WHOLE NEW AGE OF CORPORATE DHARMA

BE IT LEE SCOTT, RICHARD PARSONS, AKIO TOYODA OR HOWARD SCHULTZ, CEOS OF THE WORLD TODAY CAN ONLY IGNORE STAKE HOLDER ACTIVISM AT THEIR OWN PERIL

It started as a movement and soon became an industry. Today the activism ‘industry’ is composed of individuals and organisations that, in fact, make a living from activism. In the middle of all this, organisations consistently face the heat whenever they make a wrong move; be it deliberately or otherwise. Larry Ellison, CEO, Oracle, once famously said, “A corporation’s primary goal is to make money. The government’s primary role is to take a big chunk of that money and give it to others.” But with the rise in activism globally, the expectations and calls for accountability by organisations have clearly grown. B&E takes a look at some of the prominent stakeholder groups globally that keep the activism torch burning bright.

Shareholder Activism: Boon or Bane

In this unquestionable era of globalisation, shareholder activism undoubtedly has a huge impact. These activists are strategically and operationally involved in the companies where they have vested financial interest. Managements of large corporations are severely constrained with their decision making on even short-term (and at times, day-to-day) operations when these activists enter the game. An activist investor may only need to secure a 10-15% ownership stake in large companies in order to place a disproportionate amount of pressure on management, especially considering the average attendance in shareholder meetings. Shareholder activism has been subject to a lot of criticism and a number of cases have been in the global limelight. In 2006, renowned shareholder activist Carl Icahn led a group that called for the breakup of Time Warner into four different companies, cost-cutting efforts and stock buyback worth $20 billion. Eventually the group won concessions, including the $20 billion stock buyback, $1 billion in cost-cutting measures and the appointment of a new board of directors. In another case where Carl Icahn was involved, Genzyme, the world’s biggest maker of enzyme drugs for genetic diseases was last year, was forced to close down production because of alleged manufacturing plant contamination. During the fourth quarter, Carl Icahn owned Icahn Capital LP more than doubled its Genzyme stake to 4.8 million shares, when they started dropping due to the factory problems.

A research conducted in 2008 by the Ohio University documents a 59% success rate for Carl Icahn with respect to achieving his stated goals in his target firms. In an article published by the Wall Street Journal titled ‘Why Carl Icahn is bad for investors’, Prof. Lynn Stout says, “Shareholder activists that corporate boards fear most today are hedge funds like Mr. Icahn’s: unregulated pools of wealthy investors who take large positions in a few select companies, use their ownership position to pressure boards into strategies they claim unlock ‘shareholder value,’ and then dump their stock as soon as the price rises.” He also confirms that a common goal of an activist campaign is to see to it that the target company is sold off to a private equity firm. This also leads to fewer good public companies to invest in for shareholders. Shareholder activism can at times be also healthy. A report published by IPREO in 2007 on shareholder activists shows that 50% of investors who participated in the survey believe that activism is helpful depending on the situation. In cases where the activist’s intent is right, they should work together towards a win-win situation.

Blog and Consumer Activism

Evelyn Murphy, who was the Lieutenant Governor of Massachusetts from 1987 to 1991, once quoted “Corporations will keep doing things the way they’ve always been done, unless they face ongoing public scrutiny, or a real threat to their reputation and self-respect.” Globally, ethical consumerism is a market on its own, and has been growing at 14% per annum. The latest edition of the Ethical Purchasing Index values this market at around $34 billion. Consumer activism is a very old phenomenon, as old as the origins of the word ‘boycott’ in Victorian Ireland. Such movements are known to spread geographically from an epicentre. And this epicentre is now increasingly moving online. The internet has taken consumer activism to new dimensions as information can be exchanged from anywhere. According to China Internet Network Information Center, China will overtake US in terms of Internet users in another five years. Similar is the case with other developing nations around the world where disposable incomes and internet penetration are on the rise. The latest example of backlash against a giant corporate house from the public is Starbucks. Banking on the boom in coffee houses, Starbucks became the undisputed leader. Due to corporate clout and deep resources it was able to overthrow many mom and pop coffee start ups that tried to make their presence felt. But in Kansas city, Starbucks is facing some heavy competition; simply because coffee lovers are now supporting the once struggling coffee start ups. It so happens that whenever there is a coffee shop that seems to be doing good business, it either is acquired by Starbucks or a fresh Starbucks outlet pops up in the vicinity. Starbucks says that it has no such strategy but some evidence does exist to indicate that this happens. This pattern is attested by the Specialty Coffee Association of America. Allegations that it does not pay coffee farmers adequately are also affecting brand equity.


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Tuesday, August 21, 2012

Love Aaj Kal

Post their break-up, both Deepika Padukone and Ranbir Kapoor were linked with various other people. Where Deepika was rumoured to be going around with Siddhartha Mallya, Shahid Kapur and Farhan Akhtar, Ranbir was said be getting close with Katrina Kaif and Priyanka Chopra. But recently, the ex-love birds, who have stayed in touch through SMS, were seen coming out of a movie hall after watching Deepika’s new film Housefull. This is believed to be the first time that they’ve gone out together after their break-up. Could the duo be heading for a patch-up?


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Monday, August 13, 2012

Winners ideate

What nanotechnology can do!

Finally, nanotechnology is all set to revolutionise the age of modern technology. For the uninitiated, nanotechnology is old age manufacturing with new age atoms. The Centre for Responsible Nanotechnology observes that this technology will help in making new nanofactories that will produce any product rapidly, cheaply, and cleanly. Technically, it is a revolutionary, transformative, powerful technology. But more importantly, it can be potentially either very dangerous or extremely beneficial.

Going by statistics, investment in nanotechnology has increased exponentially in the recent years. According to a nanotechnology development blog, investment in nanotechnology research was over $8.6 billion globally in 2004, which increased to $12.4 billion in 2006; the area accounted for $50 billion of global sales in 2006. Countries investing heavily in nanotechnology are the US, Germany, Japan and South Korea. But China is rapidly emerging too. Nanotechnology is of particular interest to China to maintain itself as the manufacturing hub of the world. While the US is the leading investor in nanotechnology with 28% global share, others include Japan with 24%, Western European countries with 25%, and the remaining being accounted by other regions, including Asia, Canada and Australia.


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