Replete with a rich cornucopia of cultural lures

Replete with a rich cornucopia of cultural lures, Vienna – the premier city of Austria and its capital – exudes an air of gracefulness that manifests itself as much in the imperious architecture that looms large over the city as it does in the musical affinities of the locals. A bedazzling blend of old-world Italian romantic leanings juxtaposed against yet-prevalent German orderliness, Julian seemed only too eager to concur with my inference, “Wien (German for Vienna) is moored in nostalgia for sure, but our citizens pride themselves on their reputation for Gemütlichkeit, or coziness.” The ravages of time have not served to dull the sheen of this magnificent gem, and even the carnage of several wars it has been witness to has failed to act as a deterrent; from the detritus strewn, a buoyant citadel oozing with élan and verve has risen.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

Mallya Foster‘s’ a drunken dream

While Heineken, the international beer brand from Netherlands is all set to enter India, Foster’s Group from Australia is on its way out of the country because of its inability to make a dent in the domestic market. In 1997, the brand had entered India with a 51% stake in a venture, which included building a brewery in Aurangabad. The brand could never really take off because of stiff competition from the local brands. Industry leader, UB Group, has now made a bid for Fosters. UB had recently acquired the Bouvet- Ladubay, a small French company & the subsidiary of Tattinger – a French champagne major.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

THE SIX STYLES OF LEADERSHIP

In our research, we’ve identified six styles of leadership that managers and executives use to motivate, reward, direct and develop others. They include:

• Directive, which entails strong, sometimes coercive behavior
  
• Visionary, which focuses on clarity and communication
  
• Affiliative, which emphasizes harmony and relationships
  
• Participative, which is collaborative and democratic
  
• Pace-setting, which is characterized by personal heroics
  
• Coaching, which focuses on long term development and mentoring

The most effective leaders are adept at all six leadership styles and use each when appropriate. Typically, however, a manager defaults to the styles he or she is most comfortable using, a preference that reflects the person’s dominant motive combined with the level of pressure in the workplace. People motivated mainly by achievement tend to favor pace-setting in low-pressure situations, but to become directive when the pressure is on.

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Source:- IIPM Editorial, 2006

Editor:- Prof. Arindam Chaudhuri

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