Despite mudslinging, this Gandhi family loyalist is all set to be India's first woman President

Born in 1934 under Aquarius sun sign, at Nadgaon village in Jalgaon district in Maharashtra, Pratibha had displayed her mettle during her school days. Industrious and hardworking, Pratibha completed her graduation at Mooljee Jaitha College, Jalgaon and went on to successfully obtain a law degree from the Government Law College, Mumbai. The daughter of a humble police prosecutor, Pratibha has always been an achiever. She was an all-rounder- good in sports as well as studies. A good table tennis player, Pratibha holds the distinction of winning many titles at the district state and national levels. She jumped into the political fray in the 1960s, becoming an MLA on a congress ticket from Maharashtra in 1962 and went on to maintain vicelike grip over her political constituency till 1985. During the course of her career as a legislature, she honed her administrative and policy making skills through several key appoint- ments. From 1967 to 1972, she was the Deputy Minister in Public Health, Prohibition, Tourism, Housing and Parliamentary Affairs. From 1972 onwards she was promoted to the rank of a Cabinet Minister in the Maharashtra government, holding diverse portfolios like Public Health and Social Welfare, Cultural Affairs and Education. She was the leader of opposition in assembly from 1978-80.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

‘Truly Asia’ pipeline

Some perceive the nuclear imbroglio in Iran as a problem, others view it as an opportunity. A psychiatrist would suggest that the difference lies in the perception and an international relations analyst would make us believe that the differences stem from ideological misperceptions which shape the worldview of a nation. On the other hand, a more credible explanation about the respective stands of Malaysia and the US vis-à-vis Iran flow from the politico- economical perspective. It is this perspective which facilitates our understanding of the urge of Malaysia to build a 300 km-long pipeline running from refineries in the west to its east coast.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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A spiteful brief...

“The great eventful Present hides the Past; but through the din of its loud life, hints and echoes from the life behind steal in,” as John Greenleaf Whittier said. We started a similar journey back in the history of India to witness how oft en it has been invaded, humiliated, subjugated and above all, divided. It’s been sixty years to a paradoxical Independence and division, the scars of which have not yet been healed by the fl owing tide of time. As destiny would have it, yesterday’s siblings are today the biggest adversaries, one almost desperate to destroy its elder brother whose existence is the very anti-thesis of its own identity; while the elder brother has been a little more considerate, but oft en has been left with no option than to teach the recalcitrant sibling a lesson or two.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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When patriotism meant more than cheap publicity!

ON this Fourth of July, President Bush compared the Iraq war to the Revolutionary War and called for “more patience, more courage & more sacrifice.” Unfortunately, it seems that nobody asked the obvious question: “What sacrifices have you and your friends made, Mr. President?” In Bush’s world, only little people make sacrifices. The Iraq war, although Bush insists that it is part of a Global War on Terror, is not like America’s other great wars in which the wealthy shared the financial burden through higher taxes & elite too fought for their country.

This time Bush celebrated mission accomplished by cutting tax rates on dividends & capital gains, while handing out huge no-bid contracts to politically connected corporations. And in the four years since, as the insurgency claimed the lives of thousands of Americans and left thousands more grievously wounded, the children of the Republican elite have been conspicuously absent from the battlefield.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Shariah highway!

Some issues ago, B&E had presented the potential that Shariah compliant investment options and vehicles had for Indian investors. Now comes the creditable news of companies actually firming up their offerings based on such markets. For beginners, Shariah – the Islamic canonical law, based on teachings of the Quran – is a part of every Muslim’s cultural, social and behavioural identity, ergo its inclusion becomes imperative for any firm prospecting Islamic market. As a number of brokerages and fund houses mull schemes on Shariah lines, most positively, 11 Indian firms (out of a total of 71 companies short-listed) have been selected by the newly launched S&P Pan Asia Shariah Index. The list includes behemoths like TCS, Wipro, Infosys, Satyam, Bharti & others. A peek to the list reveals that IT companies, followed by telecom services and energy, account for 35%, 17%, and 15% respectively, of the entire index.

“S&Ps approach is to create meaningful, product-based indices that give Islamic investors exposure to the same headline markets that conventional investors have enjoyed for years,” commented Alka Banerjee, Vice President of Standard & Poor’s Index Services. The new index, which will be monitored on a daily basis to ensure compliance, will enable Islamic investors to benchmark their investments on a regional basis, and give product providers the opportunity to develop structured products tailored to Islamic markets. Where our banks failed, our firms seem to be succeeding...

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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“There will be a lot of blood on the street with the ones with great content surviving and others falling flat on their faces”

Once the planned channels see the light of the day, a shake-out in the industry will be inevitable. From the current formats to the ruling entities, nothing will be left untouched. In the words of Timmy S. Khandari, Executive Director, PwC, “There will be a lot of blood on the street with the ones with great content surviving and others falling flat on their faces.”

Talking about the tie up with Viacom, Raghav Behl, Promoter and Founder of TV18 says, “Having established leadership in news broadcasting and consumer Internet business, the TV18 Group was poised to make an ambitious entry into the multi-platform entertainment space. Viacom-18 will also propel the TV18 Group into the league of a truly diversifyed and broad-based media conglomerate.” There it goes… the term – media conglomerate pops up once again.


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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Killing democracy!

Guantánomo Bay will continue to haunt Bush and sully the image of the US for years to come. Recently, the raison-d’être of the Military Commissions Act (MCA- passed by US Congress & signed by President Bush on October 17, 2006) was brought into question when the US Supreme Court reversed its decisions in Boumedine v. Bush and Al- Odah v. United States of America by granting the review of the petition filed in the aforementioned cases, challenging its provisions that deprive the prisoners of the US military at Guantánomo Bay of their right to seek recourse to the due process of law. The US Supreme Court will take up these matters under a single docket later this year on October 1st.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Earth receives more energy from the sun in just an hour than the world uses the whole year

In 1860, Auguste Mouchout, built a steam engine powered by the sun. His efforts were deemed a technical success, but economically impractical by the French Ministry of Public Works. The photoelectric effect was theoretically grounded by Albert Einstein in his 1905 paper, "On a Heuristic Viewpoint Concerning the Production and Transformation of Light," for which he was awarded the 1921 Nobel Prize for Physics. The photoelectric effect simply says that above a certain threshold frequency of sunlight, the amount of electricity produced by certain metals is directly proportional to the intensity of the incident light. Until recently, the capital cost of building production facilities has been greater than the cost of building like facilities using fossil fuels. Now that scenario is changing.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Downslides are a ‘sure-thing’ for bad leaders

You can’t run a business without winning trust of your subordinates and that is why many leaders fail... or self-destruct. It never happens quickly. But unless they own the place, it will happen eventually.

The next type of lousy leadership is at the other end of the spectrum: being too nice. These bosses have no edge, no capacity to make hard decisions. They say yes to the last person in their office, and then spend hours trying to clean up the confusion they’ve created. Such bosses usually defend themselves by saying they’re trying to build consensus. What they really are is scared. Their real agenda is self-preservation!!!


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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative


IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

…of Baltic States, coming soon...

Lithuania doesn’t only have high average income but also had a GDP per capita of $15,300. Moreover, excellent modern and efficient infrastructure clubbed with high employment rate (96.3%) is attracting myriad foreign investors & businesses. This has not only resulted in capital inflows but also effectuated reverse migration.

The capitalist free market principles had boosted growth, but relatively speaking, this may still seem insignificant. Then, wait until the seamless & complete transition to market economy. After all this tiger is catching up.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

DLF brings with it 15K for Sensex

Undoubtedly, the delay was worth waiting for! The much awaited initial public off erring of DLF brought with it the 15,000 mark for the BSE Sensex. The benchmark index took 146 days to jump from 14,000 to 15,000. During this period, capital goods; oil & gas; metal & banks outperformed while IT, FMCG & auto stocks refrained from the rally. The most notable part of this 1,000 points rally was the listing of DLF Limited, which got a lukewarm response from the investors & could manage only an 11% premium on the listing (the stock listed at Rs.582, as against the issue price of Rs.525). However, with the listing of ‘big daddy’ of real estate, a real estate index was the need of the hour and BSE is the first one to come up with it in the country.

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Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

The nature of change

Never before has there been so much international focus on environment. The challenges of climate change and the effects of global warming has galvanised huge public environmental awareness worldwide. We are witnessing extreme weather conditions, flooding, severe storms, warmth when there should be coolness, droughts, and the glaciers are melting. Finally, it seems humankind is recognising that when we speak about environment, we are not speaking about an external environment, about a Nature separate from ourselves, but about ourselves as well. We are recognizing that we, humankind are not separate from Nature, but are a part of the environment, and with climate change we are all in it together, like it or not. There is no escaping this fact. The words of Chief Seathl (popularly known as Chief Seattle) have never rang louder than today – all things are connected. Whatever befalls the Earth, befalls the sons of the Earth. And sadly it has taken so long for us to come to the conclusion of this connectedness, or rather realised the responsibility that comes with this connectedness.

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Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Genuine efforts are needed to save environment

As the government is now starting to realise the importance of environmentally sustainable economic growth, so are the MNCs operating in the manufacturing capital of the world. “China has long represented the last frontier for MNCs to escape environmental regulations. Many took full advantage of the opportunity to pollute with reckless abandon. Result: Their reputations are now suffering! In the new world of transparency & accountability, there is no place for MNCs to hide,” adds Clark. Consequently, neither these MNCs nor Beijing can afford to brush the environmental malaise that is afflicting the nation under the carpet any more, because it is now beginning to show.

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Source: IIPM Editorial, 2007

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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SAIL is looking seriously towards emerging green opportunities

In an industry like steel, eliminating pollution becomes difficult even with latest technologies. As R.Sreedhar, steel environment expert, says, “Although the SAIL Bhilai plant has won the CSR Award this year, still communities around that area continue to suffer from pollution and very little corrective action is being taken...” But the SAIL plant is doing quite a bit. The company has given top priority to raw material consumption and water conservation & solid waste management techniques. Having increased their saleable steel production by over 4% to 12.6 million tonnes, SAIL even achieved its lowest energy consumption rate of 7.16 Gcal/TCS in FY 06-07.

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Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Ekta Kapoor’s serials too are aging

While, Zee’s bouquet of channels is bulkier than that of Star, its offerings, be it Star Movies (market share of 54%), Channel V, ESPN Star Sports, National Geographic Channel, History Channel et al, are well-marketed properties in their own right. Star is also trying to go regional once again and has floated a JV with Balaji Telefilms to infuse new life into its Tamil channel Star Vijay and launch a Telugu channel by year end. On cards are channels in Kannada, Malayalam and other key regional languages. Moreover, it is only Star that has a stake in the booming radio industry through Radio City.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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• THE GREAT INDIAN DREAM
• IIPM is Here

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Tata Motor’s trucks revamped

In order to compete with global majors, Tata is planning to bring in a new range of trucks after its home-grown worldclass cars. With the golden quadrilateral highway project in the completion stages, trucks, with more powerful engines, are the need of the hour in order to link the four metros in the country. “We are revamping the whole range of products in commercial vehicles,” Tata Motors’ Managing Director Ravi Kant said. The new trucks would have a complete makeover in terms of styling and would be launched in new markets like Korea. In all probability, there would be a stake acquisition in automo- tive parts supplier, Visteon Corporation. No long term details were however available for the same.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Microsoft has acquired aQuantive

Microsoft , which is a dominant player in online content with MSN, it now aims at becoming a Web powerhouse with this acquisition. It will also allow Microsoft to have access to aQuantive’s brands like Atlas (advertiser’s tool for better return generation on ad campaigns) and DRIVEpm (a service that matches ads with Web-page inventory). Noticeably, Microsoft has been on a spree of acquisitions, a move to become an unparallel name in online market. In 2002, it bought Navision, the Danish small-business soft ware-maker at a price of $1.45 billion. In more recent times, Microsoft acquired Massive, online video-game advertising firm, and ScreenTonic and Motion- Bridge, mobile-phone advertising companies. However, its latest move to acquire aQuantive seems to be a counter move against Google’s latest buyout of Ad firm Double Click.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Get floored by Tai Ping!

It’s not a magical carpet from Arabian Nights and neither is it a priceless heirloom but you need to see it to believe its irresistible appeal. Famous for its combinations of fine fibres and designed by senior designers like Meenu Bansal, this carpet from Tai Ping is a veritable swirl of earthen shades, which looks contemporary, vibrant and yet regal. Price on request.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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• Management Guru's Speak on IIPM
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• Hyundai & Maruti, set on a pricey path!
• THE GREAT INDIAN DREAM

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The free trade regime will drive Mexico towards starvation & utter dependency

A leading goal of US foreign policy has long been to create a global order in which US corporations have free access to markets, resources and investment opportunities. The objective is commonly called “free trade,” a posture that collapses quickly on examination. Generally, great powers are willing to enter into some limited degree of free trade when they’re convinced that the economic interests under their protection are going to do well. That has been, and still remains, a primary feature of the international order.

The ethanol boom fits the pattern. As discussed by agricultural economists C. Ford Runge & Benjamin Senauer, “The biofuel industry has long been dominated not by market forces but by politics and the interests of a few large companies,” in large part Archer Daniels Midland, the major ethanol producer. Ethanol production is feasible thanks to substantial state subsidies and very high tariff s to exclude much cheaper and more efficient sugarbased Brazilian ethanol.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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• THE GREAT INDIAN DREAM
• IIPM is Here

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When I took over Electrolux, my aim was to have a consumer focus

There is an intense passion involved in taking forward a company he has literally spent his life with – 22 years, to be precise. Hans, who obtained his master’s degree in science & engineering from Chalmers University of Technology, Gothenburg, Sweden, joined Electrolux in 1983. He has been widely credited with refurbishing the company’s image by developing new high end products and introducing programmes that would promote retention of long term global brand recognition. He served as a general manager of the floor care operations at Sweden and later moved to the US, where he assumed responsibility for production & development in the company’s North American white goods operations. In 1998, he assumed charge as Executive Vice President and head of the floor care and light appliances and a member of the group management team. Hans has been at the helm of Electrolux since 2002 and is amongst the youngest CEOs of a global Fortune 500 company. When asked about his vision for Electrolux, Straburg states, “When I took over Electrolux, my aim was to have a consumer focus, to build Electrolux as a global brand and accelerate product development, because what is happening around the world is that consumers are spending more and more money on their homes. During the last 20 years, consumer spending on household products that meet their needs and preferences has doubled.”

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Do you still think it is necessary to implement Six Sigma throughout an entire organisation?

Que: So why do so many companies still stuff Six Sigma into every nook and cranny?

Ans: Because they have to, especially if they are on the large side. Small companies, because of their relative informality and ease of communication, can sometimes implement change programs here and there and as needed.

But when it comes to introducing radical change across divisions, departments, layers and even countries, employees rarely respond with perfect gusto. They don’t say, “Hey, this new program that’s going to screw up my job sounds just great! Bring it on!” Th ey mutter, “Here comes the new flavor-of-the-month. If I can just ignore it long enough, it will pass.” Such resistance is natural and can even be deserved. But if a company lets those responses play out, it will get, well, nothing in return.

By contrast, consider what happened when General Electric – the company Jack used to lead – decided to implement Six Sigma in 1995. Obviously, the rollout wasn’t without plenty of bumps, but the company did make sure Six Sigma wasn’t one of many initiatives floating around.

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Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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• The Nokia disconnect!
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...come to the rescue of Pepsi Gold, when Ooh-Aah-India floundered for the Blue Billion!

To be fair, it was not only Pepsi that used the 2007 Cricket World Cup as a marketing tool. Others too hitched a ride on the same boat. But you have to give it to Pepsi. After the Caribbean debacle when most brands were seen looking for cover, Pepsi dared to be different, played on India’s emotional attachment with the game, backtracked from the 2007 Cup and is now focusing on the next World Cup. Ooh-Aah–India may not have become the new Indian anthem, but their latest offering has nevertheless taken the Blue Billion campaign a step ahead.

Okay enough! Here’s how the ad goes, for the uninitiated that is. Four teenagers ask a tailor to stitch an India cricket team uniform for them. When the old tailor starts taking measurements, they come up with exaggerated figures. Finally, the old and by now baffled tailor asks them when they would like the delivery. They smile mischievously at each other and declare four years later (in time for the next World Cup), even as they walk out gulping the (erstwhile) World Cup cola.

Damage control? Guess you are already thinking along those lines. This TVC has actually managed to do much more than come to the rescue of both cricket and Pepsi alike. Says Shoumitra Rai Chaudhary, the Creative Director for this ad: “We were confident about the ads success as we knew that the idea was different and there were less chances of it backfiring.”

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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About IIPM ! IIPM Programmes ! IIPM Placement ! IIPM Alumni ! IIPM Alliances ! IIPM Ranking ! IIPM Director's Desk ! IIPM Dean's Message ! History of IIPM ! IIPM Mission ! IIPM Curriculum ! IIPM Project Based Learning ! IIPM GOTA ! IIPM Dual Specialisation ! IIPM Faculty ! IIPM GOP ! IIPM Campus Resources ! IIPM Campus Events ! IIPM Sports Club ! IIPM Support Services ! IIPM Campus ! IIPM Libraries ! IIPM Cafeteria ! IIPM Academic Centres ! IIPM Wilton Park Reports ! IIPM Feedback ! IIPM Links ! IIPM Sitemap ! Contact IIPM !