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.

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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.

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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.

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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.

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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.

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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!


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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.

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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

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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.

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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.

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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.”

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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...

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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.

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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.

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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...

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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.

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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

RTI (IIPM-News)

In October 2005, the landmark Right to Information (RTI) Act came into being, with an aim to challenge the status quo represented by the corrupt bureaucratic and political class in the country. It gives Indian citizens the right to inspect works, documents, records; take notes, extracts or certified copies of documents or records; in other words obtain information from public records. But the bureaucratic machinery maybe uneasy to let go and awareness levels are still low. Some NGOs and active civil society advocates are invoking the RTI in their own ‘active’ sphere, till date no major landmark use has been made of this path-breaking act.

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Pugnacious public sector pasha

Seldom have public sector bosses created such waves, generated so much of controversies and hit the headlines. Even rarer is the spectacle of a public sector boss taking on the combined might of the bureaucracy and the political establishment. And surviving in the job! Former chairman of Maruti and SAIL V. Krishnamoorthy was one instance. Yet, not as abrasively as this man. Of course, one can always cite the example of V. Kurien, the ‘Amul’ man who created a niche of his own when it came to legendary chief executives. Then, there is E. Sreedharan, current boss of Delhi Metro, who acquired a well-deserved halo after implementing the ambitious Konkan Railway project that skirts across the western coast of India like a modern day miracle. Still, Sreedharan is low profile and painfully unassuming and prefers not to be featured prominently in the media. Then there have been others in the public sector who have left their mark. But perhaps none as extravagantly as this man. That too by staring a powerful minister of oil and petroleum and a powerful secretary in the ministry in the face, in a headlong confrontation. And winning the battle because the other guys had to blink. Is it bravery or a passion for professional self-destruction?...

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Source: IIPM Editorial-2006

Low Capacity Vehicles Sales Grow (IIPM-Press Release Article

According to Eric Leblanc, MD, Volvo India, “The fundamental principle in trucking is the ability to do more with less.” The European model is to use a small number of expensive, efficient machines. But all is not so rosy. The Indian trucking brain still assumes ‘cheaper is better’, and prefers to use a large number of cheap trucks instead; reason why sales of LCVs (low capacity vehicles) still grew by an astounding 21.5% in the period of April to October 2005.

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Source:IIPM-Editorial,2006

Wise Person (IIPM-Press Release)

However, as a wise person once told me, “throughout history, knowledge has always exceeded the wisdom with which it has been applied,” and I surmise that many of these same scientists would now be inclined to agree.

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Source:-IIPM-Editorial,2006

Shiv Sainiks (IIPM-Article)

Such is the charisma of Mumbai’s 78 years old saffron clad strongman that, at times, even a hint from the Shiv Sena Pramukh (chief) is enough to ignite fire amongst the Shiv Sainiks, whose faith in his leadership touches fanatical limits.

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Source: IIPM-editorial,2006

CENVAT

IIPM-PRESS CENTRE ARTICLE

On an optimistic note, to take reforms forward, the Finance Minister should end the unwarranted support to SSI sector. The increasing support has only led to tax evasion and revenue loss to the tune of 10% (Rs.20bn) of revenue, owing to mishandling of CENVAT procedures and faulty records.

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Source:IIPM-Editorial,2006

Nike sprinting fast ahead

IIPM ARTICLE

Nike, the world’s largest sportswear group, registered a robust first-quarter profit owing to strong sales in the US markets. The athletic footwear and apparel giant’s quarterly income rose 32% to reach $432.2 million. This marks a major turnaround for the sports goods company, as the last quarter saw the Oregon-based company reporting its slowest revenue rise in nine quarters. The quarterly revenue of the company rose by 8% to reach $3.86 billion. Nike is now in for stiff competition to grab a bigger share in the lucrative US shoe market after rival Adidas-Salomon announced plans to purchase Reebok International.

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Source: IIPM-Editorial,2006