Thaksin

Thaksin has since then clung onto the seat of Prime Minister by his political gimmicks which have failed miserably to satisfy the public. The tactlessness in handling the insurgency in the South-Thailand further aggravated the situation. And finally, Thaksin’s interference in the public institutions while defying the Thai monarch resulted in this military coup. What Thailand now needs is not a dictatorial military regime, but peaceful democracy. However, unless the anti-corruption committee set by the new rulers successfully manages to eradicate corruption, democracy will find it hard to sustain.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

NO MORE GAMING ONLINE!

The online gaming industry has experienced a huge set back after the US Congress passed a legislation, which makes collection of payments for transaction on online gaming sites by both banks and credit card companies in US unlawful. This unexpected step saw shares of online gaming companies like Party Gaming Plc, PartyPoker. com, 888 Holdings Plc et al plummet, as US is the major source of revenue for these companies. The Bill has already been approved by the House of Representatives and the Senate and now awaits the final approval of US President George W. Bush.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

ICSA(India)

The top-ten list according to adjusted ROCE is dominated by the FMCG (GCPL, GTC Industries and Nestle India) and the IT (Tulip IT, Geodesic Information Systems and Teledata Informatics) sectors. The three IT companies Tulip IT, Geodesic Information Systems & Teledata Informatics are ranked at 7th, 8th and 9th positions respectively. Other companies that are featuring in the top ten are from finance, metals, transport equipments and the oil & gas sectors. Rather than taking a three year average, if we had only considered adjusted ROCE for the latest year, then the top ten rankings would have undergone certain changes. For instance, ICSA (India), which was fourth according to average adjusted ROCE, would have topped the charts. Further, while companies like Esab India and United Breweries would make their way into the top ten, companies like Bongaigaon Refineries and Hero Honda Motors would have to opt out of the list.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Steel Industry

As the Indian steel industry starts feeling the consolidation heat, many small and medium-sized players will view it as an opportunity to exit. But in the era where thespians like Mittal, Nippon and Posco are engaged in nasty bidding wars, do players like Tata and Jindal stand a chance? Surely, they do, but for that these domestic players will have to dive into the very dirt-pool that they’ve been loathe to touch, namely, M&As. Else, they run the risk of being sidelined by the global steel sharks...

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006


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ORACLE WANTS MORE TO DO WITH I-FLEX...

Soon after increasing its stake to 55.1% in i-fl ex during last August, Oracle is aiming a further 20% share increase in it. World’s biggest database soft ware maker, Oracle, has offered to buy nearly 16.62 million shares for a sum of Rs.24.5 billion. As required by Securities and Exchange Board of India (SEBI), Oracle is making an open offer to minority shareholders of i- fl ex as its present shareholding is more than 5%. If Oracle succeeds in acquiring the 20% stake, its total stake in i- fl ex will exceed 75%. Oracle had financed the last purchased of i-fl ex through a share swap.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

BRAND : HP

HEADLINE : Have Fun & All That Jazz
BASELINE : The Computer is Personal Again.
AGENCY : Publicis

4Ps TAKE : Just push the quick play button…music, movies, mails, is what HP is promising you this time. In short, ‘fun & all that jazz’ is a guarantee from HP on this latest remote-controlled HP Pavilion DV 2046TU Notebook. The power idea is to play on the current wave amidst consumers for using the computer for wholesome entertainment. The eyecatching visual display showcases a beam balance, with diverse features hanging from its different strings. The body copy further elucidates on the laptop’s features. The reward to the prospect is clear: ‘the computer is personal again’. Of course, HP wants to cash in its remote control empowered laptop. So, all set to become a couch potato?

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

The Mall

So, the competition is not just between two different brands of mobile phones in one section of a mall. It is between a mobile phone and a kiosk set up nearby which promises an exciting holiday to a Far East destination in the same amount. It is between the holiday package and a locally assembled computer with a branded processor. It is between the computer and a new range of affordable diamond jewellery. The buying decision, interestingly enough, between product categories, often takes place at the point of purchase. Malls offer this opportunity to the consumers to test categories, one after the other, together. The value proposition has changed, marketing mix altered, spending patterns transformed. The mall effect is significant. It needs to be incorporated in brand building and product marketing. Till then, happy shopping!

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

Freedom of Choice to Sing

Appalling judgement of chronological record aside, the decision is a reflection of sheer lack of political acumen: it requires no rocket scientist to predict the outcome of such a sweeping move in a nation like ours, where religious sensibilities get offended at the drop of a needle. Incidentally, even as the Congress admonishes the minister today (who soon after realising the political repercussions of his ordinance began singing the mantra of freedom of choice to sing!), the whole pacification trip reeks of the quintessential ballot-saving subterfuge.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

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New York Fashion Week

A good example would be of Sabyasachi Mukherjee, who recently showed his Spring collection at the New York Fashion Week, and is known for his work with traditional colours & Khadi. Apart from the amplified overseas demand, Mahatma Gandhi’s style statement is also becoming quite popular among the youngsters of the country. Arrested for years in government monopoly, Khadi has finally caught the attention of some entrepreneurs who are determined to make a brand out of it. Brands like Khaddar (from Tropical Clothing Company) and Kadhi Line have been the pioneers of this concept, and already have a significant presence in most metros, with huge expansion plans up their sleeves.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

HISTORIA SVERIGE

Sweden is inhabited ever since the ice ages, but it was only with the advent of Christianity in the 12th century that it consolidated itself to form one distinct nation. King Gustav II Adolph’s active participation in the European politics during the ‘Thirty Year’s of War’ (1618 to 1648) helped Sweden establish itself among the political super powers of Europe during that time.
The post-war era saw acute poverty and migration of people out of Sweden. The country remained neutral during the World War I and perhaps its non-participation helped it sneak out of the list of the poor and underdeveloped countries.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

Net Promoter Score (NPS)

A company earns good profits when it so delights its customers that they not only come back for more – they recommend the company to others. Satisfied customers become, in effect, part of the company’s marketing department. They become promoters. A simple technique can help you distinguish good and bad profits. Ask your customers to answer what we call “the ultimate question”: How likely are you to recommend this company to a friend or colleague? Ask them to rate their answer on a scale from 0 to 10. The responses will help you tally a metric we call the Net Promoter Score (NPS). NPS has been shown to correlate well not only with customer referrals and repurchases, but also with company growth rates. Customer responses cluster into three groups.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

HOME ! HOME

All these factors have developed favourably in the last few years, and we do not expect a trend reversal in the future. Investors should go to India with a long-term view and with more than one foot in the market to reap the benefits.” The boom is not just restricted to the residential segment. Ankur Srivastava, MD, DTZ Debenham Tie Leung India, expresses his viewpoint with respect to commercial space, “The commercial (office) market is dominated by the IT/ITeS sector that accounts for approximately 80% of the total commercial space absorption in India.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

NDTV

And then came the big opportunity! After more than 10 years of association with NDTV, Rajdeep created a flutter in the industry when he quit NDTV and started a company of his own, Global Broadcast Network (GBN) along with TV18’s Raghav Behl and Sameer Manchanda. A tie-up with global newscasters CNN, gave shape to CNN-IBN, which within a year of launch has created a niche for itself among the select English TV news channels in India. As editor-in chief of CNN-IBN, Sardesai is giving tough competition to his one time bete noire NDTV. GBN has also bought a stake in Dainik Jagran’s Channel 7 and Rajdeep is these days busy altering the face of Channel 7 in its new avatar IBN 7. It’s obviously time to call Sardesai a winner in this Big Fight. Guess he has all that ‘whatever it takes’ to be a winner!


For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006

WIELDING A DOUBLE EDGED SWORD

DR. REDDY’S MUST BE MORE CAREFUL IN ITS FUTURE ACQUISITIONS ABROAD

The German connection (read, its acquisition of Betapharm) has certainly brought pleasant tidings for Dr. Reddy’s Laboratories in the April-June quarter. The company reported a massive revenue surge (year on year) of about 151%, which stood at Rs.14 billion as against Rs.5.6 billion in the corresponding quarter of 2005. The company savoured a 320% surge in net profits (consolidated), which were pegged at Rs.1.29 billion. As predicted, Dr. Reddy’s benefited from the Betapharm acquisition, which contributed close to Rs.2 billion in revenues to the coffers. On the other hand, generic drugs, Finastride and Simvastatin, (which are enjoying their 180 day exclusivity period) contributed Rs.3.35 billion in revenues. G.V. Prasad, Vice-Chairman & CEO of Dr. Reddy’s stated, “I would like to emphasise that Dr. Reddy’s has also had a good organic performance.” Things haven’t been as rosy, though, in the Betapharm acquisition. The primary cause has been the German government’s decision to decrease the prices of generic firms by about 30% with effect from June 1, 2006.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

UNEVEN UGANDA

DISTRIBUTION MORE THAN GROWTH

Even as the ghoulish Idi Amin regime and dreaded civil wars recede to history, the quagmire of economic backwardness has slowly and steadily drained Uganda of its vitality, despite having considerable natural resources of fertile soil and deposits of Copper and Cobalt. But creditably, Uganda made remarkable progress during the last decade of the 20th century. Return of exiled Indian entrepreneurs, high international coffee prices, as well as stress on stabilisation, human development and most importantly, domestic security were reasoned to be behind the turnaround. The average income in Uganda started growing by 5% a year, overall poverty fell from 56% to 34%, and primary school enrolment rose very positively from 5.3 to 7.6 million.

However, the recent crash of global coffee prices, rampant corruption, high inequality (Gini coefficient rose from 34 to 42 in 1997); and the further involvement in Congolese civil war, made Uganda slip down to qualify for Heavily Indebted Poor Countries debt relief of $1.3 billion in 2000. Effective broadening of the distributive set up for small farmers & entrepreneurs, together with micro-level investments aimed at creating a manufacturing base, is strongly recommended along with sufficient international support to prevent the slippage of another African country into the oblivion of poverty, chaos and anarchy

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor- Prof. Arindam Chaudhuri - 2006

NOW IS THE NEED FOR DARKNESS...

Increasingly, the lovely vision of what we knew as night, is being obstructed by heavily illuminated urban areas. And if the obliteration of celestial lights for the brightly lit city dwellers was not enough, the man-made devastation meted to the avian population stands to be accounted for and analyzed. Factually, for millions of birds that criss-cross the globe, changes made by humans to landscape and flora has resulted in nothing less than a tragic aerial catastrophe. It is reported that about 97 million birds are killed annually by nocturnal and daytime collisions with brightly lit towers and sky-scrapers. Of those who are massacred by the towers are many that are already in the ‘endangered list’. In Toronto, for example, about 940,000 high rise buildings ‘kill’ about 9.4 million birds by ‘bird strikes’ annually. It is reasoned that during day time, birds fly directly into the buildings having glass panes, unable to perceive the images as reflections. During the night, the natural cues that help their aerial navigation (the lights coming from the moon & stars, as also Earth’s geomagnetic fields), get disrupted due to the light from brightly illuminated buildings.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

IIPM-News:- Zidane's Disgraceful Exit

For this, Zidane was not only admired, but also respected. His success was never to the detriment of others. On the contrary, he is active in causes such as helping sick children. It is obvious that he could one day become a tremendous ambassador of peace, or for children, working with the United Nations or another international organisation. But now the hero has fallen. Zidane was not Superman, but a human being. In a single instant of unfathomable fury, his moment of glory was transformed into one of madness and a curse. His tragedy is ultimately a personal one. Nevertheless, it would be a great loss – extending far beyond the world of football – if Zidane’s disgraceful exit as a player comes to de- fine his legacy as a man.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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Indian Animation Industry

Opines Rishi Khemka, Director Maximus, “At present, the Indian animation industry is pegged at $250 million and is growing at an astounding growth rate of 30%. While only 3,000 people are employed in the industry today, the demand is of more than 10,000 animators, which itself signifies its importance of animation as an aspiring career option.” Surely, the scarcity of animation professional is a concern which needs to be quickly taken care of. Opines Shubho Shekhar Bhattacharjee, CEO Planman Life, “Th ough Hollywood has been producing quality animation movies like Finding Nemo, Shark Tale & Shrek, for Bollywood the experience has been short, but enthusiastic. Earlier, animation to India was restricted to a few outsourcing operations like sketching, painting and digitised order content, but today, Indian animators are respected by the global community and are signing deals with international studios to produce animation movies.”

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

IIPM-News Article:- The Infrastructure Business

The infrastructure business (which contributed $41.8 billion to total company revenues of $144.3 billion in 2005), has only got healthier with GE Aviation signing deals worth $2.8 billion at the Farnborough Aviation Trade Show on July 19, 2006. The Energy, Oil & Transportation units are also growing with the company planning a $8 billion global expansion. Healthcare contributed $15.15 billion. The industrial and financial divisions which contributed $32.63 billion and $40.06 billion respectively are the other bright spots. Inversely, their $14.69 billion revenue earning media business - NBC Universal - had a flat revenue growth with profits lower by 10% over previous year’s quarter! And as Ronald Walton, Media Analyst, UBS comments, “GE should gradually divest its stakes in NBC...

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

NSSO(National Sample Survery Organisation

The 55th round survey of the NSSO (National Sample Survey Organisation) contended an increase in migration rates from 24.7% to 26.6% (1992 till 2000), of which about 8.8% had moved for the purpose of seeking employment. The report also suggests that the surge leads to higher casualisation of the labour force that comprises mainly the underprivileged sections of society, and specifically Schedule Castes & Tribes. The National Commission on Rural Labour contends that uneven regional development, together with socio-economic discrimination at the home states, are amongst the prime reasons for such widespread migration.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

Shiites, Comprise 63% of Iraq's Population

IIPM-Publications

Deprived of political power since the inception of Ottoman empire and facing religious persecution in several countries, the ‘autonomy’ granted by the Iraqi constitution has fuelled aspirations of Shiites, who comprise 63% of Iraq’s population. Iran is another typical example. The Gulf War-II allowed Iran to justify its rigid stand vis-à-vis nuclear ambitions. Further, Iran is logically & strategically relying on the clout of the increasingly powerful Shia population in countries across the region. Iran now believes, and perhaps rightly so, that if the US dares to touch it, the whole region could go up in flames.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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IIPM-Publications:-WHOAH! WE’RE GOING TO IBIZA!

Once the hippies’ haven, this little island in the Mediterranean Sea is still the one of the most easy going and breezy places to unwind in… In the day you could soak up the sun or laze in a comfortable hammock perched upon the shimmery white sands of the beaches, for once it’s dusk, sleep is certainly on no one’s mind! With eight major clubs and scores of others scattered around the island that plays host to the world’s best DJs, Ibiza has built up its reputation as the world’s clubbing capital with each passing wild bacchanalia… Predictably, that’s not all: Ibiza is a heady cocktail of beautiful women, Foam parties, and a ‘friendly’ atmosphere where all your erotic fantasies really do come true. It’s insane all through the week; even when the world is bogged down with manic Mondays, the ones here are crazier than the usual Saturday nights elsewhere! But don’t take our word… head for the world’s biggest club Privilege here, and experience the Monday Manumission parties to know what we’re talking about...

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

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PRICE DISCOVERY IS A RUSE

An official of Ministry of Consumer Affairs, which controls the FMC, claims futures trading performs two important functions: of price discovery and price risk management with reference to the given commodity. It is useful to all segments of the economy – to the farmer because he can get an idea of the price his produce can fetch him after some time; to the consumer since he gets alerted about future prices of essential commodities; and yes, also to exporters as it provides an advance indication of the likely price. Commodity markets were supposed to have eliminated the risk of being duped by a wholesale trader. However, the problem crops up when speculators are allowed to go wild with futures trading without any effective regulation from a body or an institution. The commodities market regulator FMC simply doesn’t have the manpower, the resources and the expertise to effectively regulate the rapidly growing speculation in scores of commodities across India.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

Honda Siel

Masahiro Take da - gawa, CEO of Honda Siel says “We have plans for expansion and we are on a fastack.” By the end of 2007, Honda plans to double its annual capacity to 100,000 units. But those are just ‘plans’! Moreover, Honda needs to revamp its dealer facility & delivery process as it has even been rated poorly on JD Power Sales Satisfaction Index 2005. More importantly, Honda has to invade more segments, especially compact cars. But even that isn’t as straightforward as it seems. States Arora, “The key challenge that manufacturers face while planning to bring a global model to India is in terms of the initial cost as well as the cost of operation of that model.” The road map for Honda is simple – aggressively ramp up capacity & unleash the ultimate killer strategy for India – launch of a small car. GM has already planned its small car launch by 2007; so the more Honda delays its entry, the worse it will be for the giant.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

Copyright IIPM:- 2006

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Germans Declare War

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The crisis could have very well shattered the great European dream – the euro. The Exchange Rate Me chanism (ERM) crisis of the early nineties posed a serious threat towards the unification of Europe and establishment of European Monetary Union. Under the ERM mechanism, the deutschemark (currency of Germany) became the most dominant currency amongst the members. Countries started holding the German currency and used the deutschemark to intervene in foreign currency markets to stabilise their own currencies. The Germans, after reunify cation, experienced a period of overheating as consumer spending went through the roof and the Bundesbank (central bank of Germany) took some contractionary measures. Bundesbank’s heedlessness – by maintaining high interest rates – meant other countries had to increase their interest rates in order to prevent currencies from crashing. At the same time, raising interest rates meant recession. The situation assumed crisis proportions as countries pulled out of the ERM club.

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Source IIPM-Editorial,2006