Friday, November 30, 2012

Mayawati is now eyeing to become the Prime Minister

Mayawati is now eyeing to become the Prime Minister. Her records show that it would be difficult to stop her

They projected her as Prime Ministerial candidate of the proposed Third Front. Though the Third Front dream is yet to be fulfilled – as some proposed partners moved towards BJP-led National Democratic Alliance (NDA), the move has further fired up her ambitions.

The decision to quash allotment of land for RCF thus, was more a political statement than an administrative move. She has already been working on her national agenda but without disturbing her hold on UP because that is from where she draws her strength and is expected to gain maximum seats in the next general elections. She has been learning English from a tutor. She has also been taking a crash course in economy and foreign policy. She has already addressed couple of press conferences on the Indo-US nuclear deal. Her Prime Ministerial ambitions might take some time to materialise, as general elections are still far away, but her immediate goal is to be a balancing factor in four Assembly Election bound states – MP, Chhattisgarh, Rajasthan and Delhi. “No government will be possible in any of these states without BSP’s support”, says senior BSP leader, Sudhir Goel.


Source : IIPM Editorial, 2012.

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Wednesday, November 28, 2012

When in doubt, do your own!

Or, how to intelligently brainwash highly skilled, educated, yet ill-educated youth to do their own people

It’s unbelievable but true that the shrewdest war strategist in history had 16,008 wives! You say that’s hearsay? Wiki confirms it goddamit! And we also know that you’ll be more interested in knowing about how this killing machine got those wives, than about his superb war doctrine! Humans, we tell you... Still, giving you the benefit of gout [kill us!], we’ll come back to our epic. So, in Mahabharata, our classy war strategist, dear Krishna, has a world-class archer up his sleeve, Arjuna. All Arjuna has to do is point and destroy. The only issue is, Mr.Arjuna is a sissy [we’re sorry, had to say it!]. He can kill boar, he can kill bear, and even dear oh deer, but killing his own family [uncles and cousins, if you may]? Do it yourself dude!

All it takes Krishna is one Jeffrey ‘Archer’ novel to convince Arjuna to pack off his whole opposing family to the dry cleaners to ‘change their clothes’. That is the paradigm that started it all. What defines ‘family’ and who are ‘my own people’! Continuing the generic metaphors, ‘family’ can’t be killed! Ergo, if ‘your own people’ cannot be killed, and if you wish to get some member knocked off, the solution is simple. Change the rules of club membership and prove why that member doesn’t belong to ‘your own people’!

Humans have trained, indoctrinated and brainwashed millions of skilled ‘warriors’ into killing ‘their own people’ by using the same bloody intelligent 5000 BC philosophy. In the 20th century, when Americans dropped two atom bombs namely ‘Fatman’ and ‘Little Boy’, the residents of Hiroshima and Nagasaki had been vaporised – or left painfully burnt and alive – even before they had realised what had hit them. 145,000 died in Hiroshima, 74,000 more in Nagasaki. We reproduce a BBC report verbatim as printed on August 6, 1945, the day the bomb was dropped.


Source : IIPM Editorial, 2012.

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Tuesday, November 27, 2012

OIL BONDS: COMPANIES

RBI's moves with respect to bonds for oil companies are only a temporary solution to the problem

The bonds did solve some of the cash requirements but that was only for the short-term. The bonds can in no way help bridge the global and Indian retail oil price gap, which is the real problem for these companies. "Issuance of bonds is not a solution to the cash starving oil companies; rather this would further burden the companies and the economy as a whole,” Ashok Jainani, VP, Khandwala Securities Limited had said to B&E. Secondly, the government should not have closed the special window, not at least for now. India is sitting on a huge pile of forex reserve ($297.3 billion for week ended August 15, 2008). In such a case, the RBI could, and should have continue with its special window for some more time. This would not only provide support to oil companies but would also help in curbing the devaluating rupee.

RBI is also planning to issue further bonds of Rs.946 billion. But Jainani feels that is not the only remedy we should be looking at. According to him, "remedies like reduction of duties on oil and sale of strategic interest in PSUs to meet revenue loss, hike in tax rates for corporates, and widen the net to cover hitherto exempted sectors and imposition of oil cess are better options for the government." But then, the government seems to be too focussed on continuing with its ''divine'' intervention policy, which seems to be anything but a blessing.


Source : IIPM Editorial, 2012.

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Monday, November 26, 2012

US OFFICIAL LIST OF TERRORISTS: AND AN ANALYSIS OF WHY YOUR NAME COULD FEATURE THERE

January 20, 2009, Bush leaves the White House; but before that, he ‘updates’ the ‘official’ US terrorists list

The key points of the resolution, as stated in a policy paper of CATO Institute by James A. Dorn, states that if Unocal gets taken over, this “would result in the strategic assets of Unocal Corporation being preferentially allocated to China by the Chinese government.” That then “would weaken the ability of the US to influence the oil and gas supplies of the Nation through companies that must adhere to United States laws.” The CNOOC deal therefore threatens “to impair the national security,” and “the President should initiate immediately a thorough review of the proposed acquisition, merger, or takeover.” From Dubai Ports to Singapore’s Temasek, all investments by foreign countries have faced similar opposition in the US.

Clearly, when the US drains out oil from Iraq, then it’s not a problem the Pope should worry about, but if some other country goes in for a legal acquisition of a powerful US company, then Nostradamus inferences are redrawn to ensure that such moves are nipped even before the bud is born. If Iran is the latest to face the brunt of Mr.Bush’s rottweiler-like attitude – who wants the world to stop trading with Iran completely – what is not often told is the fact that there are several Israeli companies, like Medent [quoting Steve Rodan, Jerusalem Post Service] who do brisk business running up to hundreds of millions of dollars at the same time with Iran.

Bush might be leaving on January 20, 2009; but has ensured that NCTC stays in absolutely safe hands. The current NCTC Director, Michael E Leiter, is pretty well qualified. One hears that just a few handful of years back, Mr. ‘well qualified’ Leiter served as the Dy General Counsel and Assistant Director of the US President’s Commission on “US Intelligence Capabilities Regarding Weapons of Mass Destruction!” Gotcha Elvis!!! Rock on!!!


Source : IIPM Editorial, 2012.

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Friday, November 23, 2012

DART – Dialogue, Access, Risk and Transparency Benefits

C.K. Prahalad and M.S. Krishnan present DART – Dialogue, Access, Risk and Transparency Benefits

With regard to access to the resources from multiple sources Prahalad & Krishnan quote TutorVista, who have access to more than 600 tutors where tutors are geographically dispersed, and can choose to work as much as they want; Pomarfin, a small Finnish family-owned firm, uses an Italian design group, Mazzucato, to cut manufacturing costs, it uses its own dealers for customer interface. Facebook, eBay and Amazon are well known for serving one customer at a time and allowing customers to personalise their experience with the platform that the companies provides; while Nirvana, in Bangalore, which serves global financial service clients in customer support and other back-office processes, tracks the voice amplitude of each customer during the service call to sense the customer’s frame of mind or temper.

The authors blame lack of senior management evangelism, weak accountability, misaligned goals, and lack of discipline for the failure of business process transformation initiatives in many organisations.

The New Age Of Innovation is truly eponymous throughout the book because above all, innovation is not invention; it is a term in economics more than technology. Michael Dell, chairman and CEO of Dell Computer corporation in his speech to the Society of American Business Editors and Writers technology Conference, Dallas, on September 10, 1998, had echoed the message that one sees a lot of companies falling back on the idea that “my baby’s the most beautiful in the world and I’m not going to accept anybody else’s.” The senior management needs to get out of this.


Source : IIPM Editorial, 2012.

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Thursday, November 22, 2012

VIRTUAL WORLD: CYBER SQUATTERS

Cyber squatters are opening ‘spoof’ travel sites mimicking real ones

In order to keep these cyber squatters from fidgeting with the original sites, many companies have developed dedicated teams who just keep on purchasing all possible domains that can be a potential spoof sites. Unfortunately, however hard these companies try, it seems impossible to totally get rid of these spoof sites, which not only eat away customer base but also destroys the brand and the reputation of the original company. To make matters worse, sometimes competitors themselves are involved in designing of these spoof sites and in directing them to unwanted links.

Banking, education, information, ministry, defence et al are sitting ducks in this maddening world wide web of spamming and squatting. It’s high time that ministries and policy makers take this matter seriously and draft strong and water tight laws that can not only stop these cyber squatters and spoofers, but can also initiate civil (or criminal, if the case may be) action against them through extremely stringent and well defined judicial regulations.
 

Source : IIPM Editorial, 2012.

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Wednesday, November 21, 2012

Get elected, to get protected!

VIP/VVIP security has lost that ‘necessity’ touch. It’s merely an act...

Amidst growing internal disturbances, frequent bomb blasts and numerous riots, all which point out to shortage of national police personnel, huge numbers are deployed for security of VIPs. It is not rare to witness top-notch personalities of India, flanked by police officers and security vehicles.

And this can be seen everywhere, round the clock. So, do we imply that these VIPs need ‘zero’ security? Absolutely not! However, this security allowance appears grossly misused (abused?) these days, reducing this need to a mere fashion statement and a status symbol. Even a bench headed by Justice T. S. Thakur [in October, 2007] opined, “If there is a threat to the lives of the politicians, they should remain in the confines of their homes and offices… Their presence in public places itself threatens the life of a common man…”


Source : IIPM Editorial, 2012.

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Tuesday, November 20, 2012

Indians Rising

Taste the West while being in East

All the happiness of life lies in the Western Countries is no longer a reality; feel upwardly mobile young Indians. Graduates from IITs and other Engineering Colleges, or from IIMs and other top Business Schools command income packages that are indistinguishable with their Western counterparts.

Their tastes are similar with the rich young Westerners-many own high-end luxury cars and wear designers clothes, employ maids and a full time cook, and regularly vacation abroad. By 2025, there will be 9.5 million Indians in this class and their spending power will hit 14.1 trillion rupees- 20% of total Indian consumption. Long-established spending attitudes are already changing rapidly.


Source : IIPM Editorial, 2012.

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Monday, November 19, 2012

Seven effective habits of highly lousy CEOs!

From the Editor’s desk, comes to you seven rocking ways in which global CEOs have destroyed their companies...
 7 effective habits of highly lousy CEOs! In other words (and with due apologies to Stephen Covey), ‘How To Be A Lousy CEO; and Get Paid For It Too’! It’s a question that has hounded management experts for the longest of time. How do you avoid ending up being a lousy CEO and how do you avoid destroying your company? Relax, help is at hand; just know what the worst CEOs do, and don’t do that! Simple, isn’t it? So speed on and read on...

Lousy CEO Habit #1: Hanging on to pop’s business

Research from Harvard (Belen Villalonga, 2004) to Wharton (Raphael Amit, 2004) has proved that owner-family CEOs ‘always end up destroying a company’s value. Amusingly, research from Hiller (Leeds) and McColgan (Aberdeen) documents positive stock price increases to the “announcement of the sudden death of a company’s founder executive!” So if you’re hanging on dearly to your Dad’s company’s reins, you’re my

Lousy CEO #1.

Lousy CEO Habit #2: Believing age, and not youth, is the most important HR asset Dun & Bradstreet, Ropert Starch, Spencer Stuart (Route To The Top; CEO Survey 2006), et al have shown that not only is the average age of a CEO falling, but the most successful CEOs are those who believe in the power of employing young and brilliantly talented individuals (and paying them the sky) than blindly opting for old experienced people.

Lousy CEO Habit #3: Changing jobs & companies regularly

Lousy CEOs change jobs. Excellent ones don’t! A mind numbing 81% CEOs of the top 100 US firms have never worked anywhere else (or maximum, changed just one job in their life). Forbes quotes how a monumental 75% CEOs of leading non-US firms have spent 35 years or more with the same company they lead. 

Read more.......

Source : IIPM Editorial, 2012.

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Thursday, November 15, 2012

A rich slice of British legacy

Acquiring jlr provides the Tatas with phenomenal potential benefits, but managing the brands will be tough

It sure does add to the already growing stature of India and Indian businessmen across the globe. From writing great software, we have moved on and on, to the extent that now we will own two iconic automotive brands that the world swears by. But is a sum of $2.3 billion for two struggling luxury brands a great bargain? Well, according to industry experts, the Tata Motors’ pledge for Jaguar & Land Rover (jlr) deal sure is!

An exhuberant Ratan Tata commented that Tata Motors “will endeavour to preserve and build on their (jlr’s) heritage and competitiveness, keeping their identities intact.” The acquisition, which was finally announced on March 26 has not inspired that much confidence at the stock markets. Tata Motors’ shares fell by more than 7% on the day of the deal announcement, which is ample indication of concerns shared by investors.

In terms of volumes, Jaguar and Land Rover are niche brands. In the year 2007, the entities manufactured a combined 300,000 units, a figure that is not sustainable, considering three factories in ‘expensive’ Britain.


Source : IIPM Editorial, 2012.

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CEO PROFILE: GREGORY S. BROWN, CEO, MOTOROLA INC.

Aren’t four months a tad too little to turnaround a troubled company drenched with losses?

Under him, the $6.7 billion government and corp. comm. divisions have grown by a CAGR of 10% and its profitability too has doubled. Furthermore, he successfully led the acquisition of Symbol Technologies for $3.9 billion – the second-largest deal in the history of Motorola! Greg also turned around the automotive unit & consequently led its sell off for $1 billion to Continental.

Surely, Moto’s handset division can be given to a new leader, but Brown’s leadership for the other division is necessary. Even Jack Gold, J. Gold Associates agrees, “A new leader is required to run the newly-formed handset division. It must bring in new blood to stir things up and get the innovation cycle moving again...” Surely, Motorola has decided it must reorganise itself, and part of this process must be a top-down review of its total business game. Kagan, too, agrees on the same as he says, “I think Motorola can recover with the right CEO and the right attitude. I think that with the right leadership, they can recover and do well.” Brown’s previous tenure as a CEO at Micromuse saw him increase revenue by a teeth-rattling 809% to over $200 million, which critics should not overlook! Especially when experts like John Thompson, Vice Chairman, Heidrick & Struggles, too have generously tagged him as “highly talented’ and that he “has the personal bandwidth to be CEO of a Fortune 50 company.” As far as the split is concerned, Greg will surely lose control over the handset division; but then given a choice, he too would have chosen ‘quality’ work over ‘quantity’ work. Well, nothing wrong in giving up what you can’t handle.
 

Source : IIPM Editorial, 2012.

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Saturday, November 10, 2012

Heritage entry fee hike in rupee

Tour operators are opposing the government's decision

India’s top tour operators feel put down by the government's move to make foreign tourists pay in Indian currency. According to the decision foreign tourists visiting monuments protected by the Archaeological Survey of India (ASI) will now pay the entry fee in rupee. Says an outraged Subhash Goyal, Chairman, Indian Association of Tour Operators (IATO): “Tour operators finalise their clients’ itineraries well in advance. Far from helping us, a fee hike would only create problems.”

From now onwards, each visitor will be charged Rs.250 or about $6 for giving a visit to a World Heritage Site such as the Qutab Minar, the Taj Mahal or the Ajanta and Ellora Caves, and Rs.100 for other monuments.


Source : IIPM Editorial, 2012.

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Friday, November 09, 2012

Caters to all citizens’ demands

Blind to caste, creed, sex and ethinicity... beyond discrimination

The Australian feminist economist Rhonda Sharp first realised the need of a gender responsive budget, gender-based assessment of budget, including a gender perspective at all levels of the budgetary process and restructuring revenues and expenditures in order to promote gender equality. Since inception, over 50 countries have adopted it. France incorporated gender related budget statement and a fixed ministerial expenditure since 2000. Government offices in developed and advanced countries like Australia, Sweden, Denmark, Norway, Finland, Ireland, Nordic countries and many developing countries like Rwanda, South Africa & Uganda have taken gender issues seriously.

This gives equal opportunities to all categories of citizens, regarding their rights and demands, which it incorporates, to uplift them, irrespective of caste, creed & language, ethnicity et al.


Source : IIPM Editorial, 2012.

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Thursday, November 08, 2012

Weeding out corruption

Helping communities is an inherent part of its business strategy; so is weeding out corruption. By naresh minocha
 
There are many companies, which look at the entire issue of corporate – social responsibility (CSR) as an effort, as something they have to do to either to cater to legal compulsions, or to add incrementally to corporate image and credibility. But most of these firms don’t believe in the concept. Then there are a few business families – like the Tatas – who have traditionally invested in philanthropy; for them, it is a part of business values that have been ingrained over decades.

The city gas networks directly touch the common man by bringing the cheapest fuel, compressed natural gas (CNG), for public transport and piped gas (which is cheaper than LPG) to the kitchen. The toughest challenge for GAIL would arise when it gets an opportunity to facilitate rural gas distribution network that would supply affordable gas to households and village artisans and micro enterprises.

The company’s business is not to just keep propping up its topline and bottomline, but to also enable the aam adami, corporates, and the national exchequer to multiply wealth. And the beneficiary companies can’t suppress their glee at the laying of a pipeline and supply of gas. Take the case of Deepak Fertilisers and Petrochemicals Corporation (DFPC) that operated its fertilisers-cum-petrochemical complex at Taloja near Mumbai as a lame duck operation over the past few years due to shortage of gas, and now seems to coming back to real action.

The first highlight of the DFPC’s latest quarterly results stated: “The DUPL (Dehej-Uran Pipeline of GAIL) has now been commissioned and the supplies of LNG (regassified, imported liquefied natural gas) to the company have been received.” This has enabled the company to bounce back. But even as blue-chip companies grope for ways of embedding CSR into their strategic business models, GAIL has made CSR an integral part of its business right from its incorporation in 1984.


Source : IIPM Editorial, 2012.

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Wednesday, November 07, 2012

Stabbing by the own brethrens

It’s for the second time that India is involved in fraud in health

It is now two years in a row that Indian had been found to be engaged in fraud in health schemes by the World Bank. Last year, the World Bank barred two Indian pharmaceutical firms, from doing business with the institution for “corruption practices” related to a health project. This year again, World Bank had uncovered “serious incidents” of fraud and corruption in five health projects in India. The projects involved in the latest review included a $193.7 million programme to tackle HIV/Aids, a $124.8million tuberculosis scheme and a $114million malaria programme.

The GoI and the World Bank have mutually decided to fight corruption and scrutinise the ongoing and future projects. The World Bank has further directed its bank’s anti-corruption unit, the Department of Institutional Integrity, to pursue evidence for legal action. According to report there were weaknesses and systematic flaws in project design. It’s no surprise that India scored very high, repeatedly, in corruption and bribery perception index. These frauds are not only deteriorating India’s image on global forum but also depriving million of diseased people from getting proper medical facility. This repeated corruption track record would also de-motivate global forums and other donators from helping India’s worst-offs.


Source : IIPM Editorial, 2012.

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IIPM : The B-School with a Human Face
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Tuesday, November 06, 2012

Madhya Pradesh CM is trying to win on the development plank

ANIL PANDE says that the Madhya Pradesh CM is trying to win on the development plank. But his critics say that the strategy, if not inclusive, can prove to be worthless

To boost foreign investment, the CM organised a 2-day summit for global investors last year, where 102 MOUs were signed. Under these, foreign capital will flow in areas like power, IT, , food processing, education and health. As many as 550 investors from various countries participated in the summit. Although skeptics have expressed reservation on these proposed projects, works on 38 of them has begun.

Experts believe that if all these projects are implemented, Madhya Pradesh will break into the league of 5 most developed states in the next five years. Already, the state is pegged to become the ‘power capital’. Similarly, there are lofty plans to make the state an educational hub. New investments will boost per capita income in real terms and GDP. In fact, experts believe that the state’s revenue receipts will increase by 250%.

The sector that will benefit the most is power generation. Reliance Energy has inked a deal of Rs.50,000 crore. Jayant Mallaiya, Minister for Industries, believes that power generation is the key to development. He explains, “Our primary aim is to make Madhya Pradesh self-dependent in power. In fact, we believe that in the coming years, we will have surplus power with us. It will also boost the state’s economic development.”

Nevertheless, there is another face of development. Compared to power and food processing sectors, investments are meagre in agriculture. Most of the benefits from investments are likely to be wrested by the upper classes. Sunil, a noted social activist, says: “Foreign Capital will lead to destruction and not construction. Fertile land is being sold to industrialists at throwaway prices.” But CM Chauhan thinks otherwise. He assures that the benefits will trickle down to all classes. He adds, “The only way to eradicate poverty and bring prosperity is through investments. The agriculture sector is heavily burdened and it will be illogical to increase it any further. We need revenues. We are for balanced development. We will give equal priority to agriculture and manufacturing.”


Source : IIPM Editorial, 2012.

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IIPM : The B-School with a Human Face
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