Showing posts with label iipm-article. Show all posts
Showing posts with label iipm-article. Show all posts

Wednesday, April 24, 2013

“Returns from innovation take a very long time”

Dr. Abhijit Barve, President – R&D, Biocon Ltd. shares how collaborations within the ecosystem can be leveraged to deliver better results

B&E: Could you cite some innovation ecosystem challenges which Biocon particularly faced during various drug discovery processes?
Dr. Abhijit Barve (AB): Biocon has a state of the art R&D centre, but yet we have faced challenges of not having every sophisticated instrument available that may be required for certain research experiments. In such cases, we have drawn from the external ecosystem and gone ahead with our quest for innovation & were able to tap into resources that were available in the Bangalore area. We have some world-class institutions in the city and we leveraged their services or partnered with them. For Indian companies like us, leveraging what is available in the country and developing competencies internally would be best. And Kiran has been very serious about forging partnerships with a variety of scientific leaders and institutions in the biotech field to place India on the global biotech map.

B&E: How can the stakeholders work towards building an ecosystem for biotech in India?
AB: It’s important to understand that the returns from innovation take a very long time. Even for biosimilars or novel molecules, the gestation period from the time you actually conceive an idea to commercial introduction is a long development cycle. It is a high risk and reward proposition requiring the right mindset supported by large investments. So, unless you have a huge risk appetite, you wouldn’t want to play in this area.

In the Indian biopharma and pharma industry, VCs and PEs don’t want to invest much because of many reasons. First, they perhaps don’t understand the field too well. Second, because they prefer investing in industries that offer secured returns with relatively low risks. Thirdly, there are limited investment opportunities in these sectors, so their basket of investments cannot be diversified and derisked across multiple technologies. Some VCs have invested in our domain. When there are a couple of success stories in terms of ROI, others will follow.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

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Thursday, March 28, 2013

How IP can help or Hurt The Indian IT and Pharma Sector

Safir Anand, Senior Partner, Anand & Anand

Do the tools of Intellectual property (IP) like trade secretes, patent law, trade marks hurt or help the technical and industrial innovations in Indian IT and Pharma sector?

To understand the impact it is necessary to know what exactly IP is. Intellectual property right grants the owners exclusive rights to variety of assets.

IP is unequivocally important for the Pharma and IT sectors. For Pharmaceutical companies, Intellectual Property (IP) laws are critical for both defensive and aggressive purposes. On an aggressive front, IP aids in protecting the brand names and ensures a safe distance from identical and deceptively similar names that can mislead consumers. Similarly, patents allow the ability to look and protect the processes so that their R&D activities are duly rewarded. It is unfair utilise the labour and of others for personal benefits. To implement the law successfully, the intellectual right focused on product packaging.

Product packaging falls within the ambit of trade dress and allows pharmaceutical companies the ability to monitor identical or look-alike packaging. This occasionally also involves the law of copyright including color combination, layout and arrangement of features as may be original. Legal actions will be taken to the companies who copy the packaging style of the products of other companies. The provisions of recordal of IP before the Custom Authorities can be useful for tackling counterfeiting drugs from entering the country through the import route.

However, companies are not very comfortable with the government’s initiative of making it mandatory to register a trademark for the product before putting it to use in the pharma sector. Protection of IP is also significant for companies when they look at future commercial transactions. For example, Wockhardt was recently subjected to heavy due diligence on account of issues relating to inter alia ownership of IP. An IP portfolio that is well protected and enforced not only has a higher value for the company itself but also a higher transactable commercial value.

In case of IT, IP involves documentation relating to trade secrets and confidential information. Hardware is effectively protected under the law of patents including when it is embedded with software. However, business methods are currently not protected directly under the Statute but can be protected through a combination of contracts, essentially focusing on trade secrets, non-disclosures and indemnity provisions. Of course, brands can be protected as trademarks but greater focus is on patents and copyright. Copyright plays an important role in the look and feel of the product.

Domain names which are critical of IT operations also falls within the combination of copyright law and in some cases, involve protection through contractual law. There are some specific names such as Infosys that also spill over to company’s law in order to prevent mis-appropriation.

Case studies reveal that the highest value ascribed to software companies has been attributed to intangibles comprised in IP, both protected and secured.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

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Wednesday, March 06, 2013

CARRIER INDIA: GOING GREEN

Though Carrier was one of the early entrants into the residential AC segment in the country, it somehow got overshadowed when rivals arrived. However, it’s clawed its way back into the sweepstakes by sheer market tactics. B&E does a walkthrough across Carrier’s strategic plants and plans
We point out, and creditably, Pandya accepts that the industry has far more potential. But he says Carrier has a killer app, as they say, “If you look at the size of the market in India, it’s huge. But the key difference between other markets and India is that what we term ‘green activity’, Westerners call sustainability. This change in India is being bought about at a very fast rate, which offers us a much bigger opportunity in the future.” Carrier is basing its complete strategic focus on the bet that India would move the environmental route faster than competitors would expect. And to that extent, Carrier has been preparing the battleground rules much in advance. Not many know that for the past two years (2008 and 2009), Carrier was awarded the top rank in the nation in the National Energy Conservation Awards. That’s the reason Carrier India has been working closely with Bureau of Energy Efficiency. The 5-star AC segment is expected to account for over 25% of AC sales in the coming years. In fact, Carrier’s products like variable speed chillers, which have the capability to cut operational AC expenditure by almost 40%, are lynchpins in this key leadership competitive warfare that Pandya is planning.

But Carrier is up against tough consumer buying behaviour. While all the other manufacturers are planning to drop down their prices further to ensure market spamming, Carrier’s ACs are in general priced at 10-15% above competitors’ products. “We don’t want to sell the cheapest product. Our target segment is pretty much evolved and is not particularly the first time buyers. Instead, we cater to customers who are looking for a repeat purchase,” explains Pandya. That leaves a paradoxical question unanswered, as Pandya himself accepts that the market penetration of ACs in China is ten times more than that in the Indian market, which still stands at a minuscule 3%. This leaves an immense scope for the company to expand its market share, both in residential as well as commercial segments.

But somehow, Carrier is addressing the issue. Though the company currently manufactures its full range of residential products in India, 50-60% of its commercial range is still imported from its factories in US, China and other parts of the world, one reason for the upper marked pricing. The company is now planning to localise its offerings in India to control costs. They already have a sustainable design centre in India and are planning to take it forward to a higher level, particularly with respect to localised products. But Carrier will still need to work a way to fight the sheer behemothic dealership size and investment might of competitors like LG, which not only has 2,200 dealers and 22,000 sub-dealers across the country selling its various products, but also is investing close to Rs.450 crores directly and through its business partners to increase production. And LG itself has brilliant environmental friendly 5 star ACs selling like hot pancakes. How do you compete with such a competitor?

A long time ago, the invention of air conditioners by Carrier was the reason cinema halls in the US started showing movies during summers too. Pandya believes he can recreate history... For now, we believe him...


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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Saturday, February 09, 2013

DLF: TURNAROUND

Slowdown had a sobering effect on DLF’s meteoric rise in the early years of this decade. With a new look and renewed vigour, the company attempts to claw its way back to its glory days. by Virat Bahri

The primary prerogative was to get rid of excess baggage – businesses as well as lands where development was not anticipated in the next 5-7 years. Out of a divestment target of Rs.55 billion for FY 2009-10, the company unlocked value of Rs.18 billion, and targets a further Rs.28 billion in the current fiscal. Hotel venture Aman Resorts is immediately on the block. Reports say that Malaysian Sovereign Wealth Fund Khazanah is expected to take it up for around $300-350 million. DT Cinemas was sold to PVR last year with a further commitment that DLF would have PVR as its exclusive multiplex anchor tenant for all its future malls. They attempted to divest the wind power business (valued at Rs.10 billion) as well, but decided to retain it, as they were unable to get the right suitor. The company also pulled back on four of its SEZ projects in West Bengal, Gujarat, Haryana & Orissa on account of the dip in commercial space demand. DLF is now planning to revive the one in West Bengal, but the other three are still denotified. But according to G. P. Savlani, Resident Director, CREDAI, “Real estate players will not talk about SEZ much after implementation of the Direct Tax Code (which would cut all income tax benefits).” DLF has also restructured its business into two business units last December. The development company is further demarcated geographically into Gurgaon, Super Metros and rest of India and the annuity company is divided into offices, malls and facilities management & utilities to better streamline businesses and ensure aggregation of returns and stable cash flows from these businesses.

As far as the devil of debt is concerned, the gross debt has increased to Rs.216.77 billion by the close of March this year as compared to a gross opening debt of Rs.163.2 billion on April 1, 2009 (due in part to the purchase of SC Asia’s stake in Caraf) and a D/E ration of around 0.75x. Interest rate has been brought down to 10.5% from 11.98% in December 2008 and period has increased from under one year to 3-9 years. Besides, the focus is on faster execution of existing projects.

The most critical aspect for DLF’s revival will be the pick up in demand. The Lower Parel project gives indications that the exuberance is back. But Savlani says that it is unique to the Mumbai market only, where Lodha Developers won the contract for the 101-storey tower project recently for Rs.40.5 billion. But residential is definitely on the revival mode in different parts of the country as consumer sentiment improves with booming economy, lower interest rates and more economically priced projects. Param Desai, Analyst – Real Estate, Angel Broking, quotes, “FY 2011 (for DLF) will be largely driven by residential sales, both middle income and luxury.” Ministry of Housing & Urban Poverty Alleviation projects a shortfall of 26.53 million dwelling units in urban areas by 2012. Absorption rate of residential units has increased to 21% in Q1 2010 from 15% in the previous quarter, according to a report by Jones Lang LaSalle Meghraj (JLLM). DLF anticipates bookings of 1-1.5 msf for FY 2010-11 in the luxury segment (Mumbai & Delhi), 2-3 msf in city centres/high end (Gurgaon, Chennai & Cochin) & 12-14 msf in the mid-income/value housing segment.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

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Monday, December 10, 2012

Why we loved Rick’s trick... (Sic!!!)

32 long years did this Harvard MBA take to understand GM; one fine day it took the US Senate to fire him! No more gambles, Rick...

George Bush Jr. (the former US Prez, who else?!) and Rick Wagoner share many things in common. Both are men. Both married. Both Americans. Both Harvard MBAs. Both controlled the strongest entity in their fields (one ruled over the US Senate & the other, over the largest US automaker). Both elected in 2000. Both saw their best days in the first four years of their administration. Both reigned for eight years. Finally, 2009 saw both becoming history… And yes, before we forget, both can hold the Democrat Obama responsible for their ousting! But beyond the drama, there exists one stark difference between the two, and in the manner in which they played their final goodbye tunes. While Bush was ‘booth’ed out respectfully by Democrat Obama & his administration (as he’d run out of time), that very same Obama army, booted out Rick!

And it all happened on March 29, 2009, when Rick Wagoner (now former CEO & Chairman, GM), met up with officials from the US Senate. The Senate (under the Republican Bush administration) had previously given him a reason to raise a toast on New Year eve, showering upon him a most benevolent $18.88 billion on December 31, 2008. But matters got no better, and GM ended up burning dollars in public, reporting $52.8 billion in net losses for FY2008!

His affair with GM shareholders haven't been too cordial (See chart to note how GM shares have lost value on NYSE). But hey Rick, we're not here to criticise you... we are proud of you, and surprised we are, as to how the world's turned a blind eye to what's left in the glass... Yes, the $90 billion in GM’s Mcap that you peacefully destroyed during your reign amounts to just 98% of GM's total Mcap when you began gnawing. Rick, now what are they cribbing about? You've still saved 2% for your successors!!! What’s more, the day your resignation was announced, GM’s Mcap rose by a cool $128.2 million; did someone thank you?


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri

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Saturday, December 08, 2012

NEWS CORPORATION: EXECUTIVE EXIT

Peter Chernin will no longer remain at News Corp. But why is he leaving? And who will be his successor?

Even experts opine that Chernin was never too pleased with the fact that he will always remain the ‘second-in-command’ at News Corp. What made matters worse was the fact that Murdoch had also previously clarified that his successor would be amongst his 3 children (Lachlan, Elisabeth and James Murdoch).

There is another school of experts which suggests that Chernin does not share a very comfortable relationship with Rupert’s children and that matter definitely would get out of hand if he waited any longer. Take Lachlan Murdoch’s example for that matter: Lachlan served as deputy to Chernin a few years ago, but there were clashes between the two and many believe that it was one of the major reasons why Lachlan handed over his resignation letter in 2005. So who will follow Murdoch? Well, Elisabeth Murdoch refused an invitation to rejoin News Corp’s board (from which she resigned in 2000), and so that leaves us with James Murdoch (the youngest of siblings and overseas New Corp’s operations in Asia & Europe) as the most ‘natural’ successor.

For now, the question remains: who will succeed Chernin? “Peter and I will work closely over the next 4 months to ensure an effective transition,” comments Rupert. And till the process is complete, Rupert will take over most of Chernin’s responsibilities. The battered stock market hasn’t treated News Corp well either of late, its price having plumetted by a painful 67% since last year! For now though, succession planning needs to click for the media empire; and sooner, the better.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri

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Friday, December 07, 2012

Hyper-growth trajectory it currently is on

Will MCX continue to rise along the hyper-growth trajectory it currently is on? deepak patra explores...

The comex has acquired a big stake in Middle East’s largest commodity bourse – the Dubai Gold and Commodities Exchange (DGCX), and is running exchange platforms in Mauritius through Financial Technologies India Limited (FTIL).

It is also gearing up for a new venture, Singapore Mercantile Exchange (SMEX), under the Monetary Authority of Singapore. Talking about future ventures and entry into unexplored lands, Jignesh Shah, Chairman, FTIL and Founder, MCX avers, “There is a huge potential lying unlocked in the emerging economies. In Africa, there are 53 countries, with economic growth rates of around 6% annually for the past several years. In addition, we have India and China registering robust growth rates.” It therefore becomes clear that the setting up of exchanges in Asia, Middle East and Africa are a critical part of FTIL’s strategy to harness the enormous growth on organised market platforms. So does this mean that MCX’s focus on the Indian market thus gets diluted? Certainly not, as the various alliances it has forged in the domestic arena stands testimony.

So what’s the real gain out of the tie-ups, international and national? As per Messy, “Tie-ups with other comexes help MCX share experiences and grow by learning from them. They are not only to develop our markets but also to gain last-mile benefits. In addition, potential products can also be launched on the MCX platform, that would help our market seamlessly integrate with global markets...” The biggest advantage however remains that of the opportunity that the partnerships give in the form of risk-hedging, when it comes to currency exchange rate and product-price fluctuations. As it stands today, MCX’s timings and product portfolio proves how the comex exists to maximise benefits on both the timing and portfolio parameters. On the timing parameter, MCX closes just before midnight to gain European and US time advantage, and in terms of diverse offerings, it goes miles ahead of simply offering traditional commodities, and provides many non-traditional commodities like electricity, ATF, weather derivatives et al on board.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles.

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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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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.

For More IIPM Info, Visit below mentioned IIPM articles.
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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.

For More IIPM Info, Visit below mentioned IIPM articles.

 
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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.

For More IIPM Info, Visit below mentioned IIPM articles.
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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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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.

For More IIPM Info, Visit below mentioned IIPM articles.
 
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.

For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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Monday, November 05, 2012

Cracking Matoshree

The flock refuses to stay togther

One of the most important political families in Maharastra has acquired political capital through an emotional appeal to protect both the Marathi as well as Hindu pride. The patriarch of the Thackeray family, Balasaheb- the advocate of “benevolent dictatorship,” has finally handed over the baton of political legacy to his younger son, Udhav. But the whole process of appointing his heir apparent has caused irreparable fissures in the party. His elder son, Jaidev, parted ways in 1995, citing his father’s dictatorial ways as the reason for divorce. Raj, Thackeray’s nephew, whom the patriarch had groomed to be a leader, too has left his mentor to float his own outfit. Raj’s exit from the family fold along with many other leaders like Narayan Rane from the Sena parivaar is a severe blow to the Thackeray’s political ambitions. The party won the Mumbai civic polls this year, yet the dissensions have weakened it, to a great extent.


Source : IIPM Editorial, 2012. An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

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