Showing posts with label IIPM-Business School. Show all posts
Showing posts with label IIPM-Business School. Show all posts

Tuesday, November 06, 2012

A thespian grandmom

A thespian grandmom, a sultry mom, and two star daughters…

Having been part of two different eras, Moon Moon sees no influence of her mom’s work in her own. “My mother stopped acting about 15 years before I stepped into films. If you look at the history of cinema, you will see that each decade is different in terms of writing, story, direction etc. I could never have done the kind of role my mother did because I was never offered such roles. What came my way was very different and I had to measure up to the kind of work I got.” The challenge, as she says, was never about comparison or expectation. “In fact, the biggest challenge faced by actors of any era is that of competition from fellow actors.”

On whether it is difficult for a star child to deal with people’s expectations, Moon Moon interestingly pointed out, “One has to understand that people don’t really have any expectations. It’s more about meeting your own expectations. Eventually how one performs matters.” In her film career of 60 movies and 40 tele-serials in Bengali, Hindi, Malayalam, Telugu, Tamil, Kannada and even Marathi, Moon Moon Sen dared roles that were tabooed in the Indian film industry then. “They just wait to see what you are going to be like,” says Moon Moon with a conviction that appears to be her source of motivation too.

During the conversation, her well paced discourse in a husky yet clear voice was constantly reminding me of an elitist secondary school language teacher. The similarity between them was an effortless wider-than-usual stretching of lips for clarity in pronunciation. What led to such a thought could probably be my knowledge of her being an English teacher at one time or her constant words of encouragement for all star kids who somewhere along the line are trying to overcome the shadows of their predecessors. “Like today, no one really expects Ranbir to be like his father or mother. For Abhishek Bachchan, the challenge is nothing to do with him being Amitabh Bachchan’s son. Nobody expects another Amitabh Bachchan; they wish to see what Abhishek Bacchan is all about,” she explains. 


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, October 09, 2012

Look where we landed!

The new CEOs of Walmart & Yahoo! could actually explore an alliance!

At the beginning of this century, when the world had just begun adjusting to life after the Internet, everyone was talking about how the brick & mortar companies would be out of contention soon and the Internet upstarts would seize the day. The dotcom bubble burst and badly so, taking many believers with it. But the belief was not misplaced. Only, the Internet’s potential was overestimated. However, what must be understood is that no amount of technology can make up for the lack of a sound business model. This is evident from the travails of Walmart and Yahoo!, one company hails from the brick & mortar world of yore, and the other belongs to the futuristic Internet space. For both, 2009 is bringing in a crucial change in leadership (as US President Barack Obama would agree, change is the key word this year!).

Walmart will get its new CEO Mike Duke on February 1, replacing Lee Scott (who’s term has ended) and Yahoo! has already gotten its new CEO Carol Bartz replacing co-founder Jerry Yang (who stepped down following intense criticism). Well, the irony is that the ‘past’ seems to be ahead of the ‘future’. Walmart is successfully surviving the downturn and Yahoo! is struggling. But both CEOs have their own set of challenges.

Duke has been with Walmart for over 14 years. His appointment indicates that Walmart may be looking at expanding international operations (where Duke has valuable experience) immensely. Liz Crawford, VP-Retail, Strategy, Tracy Locke states, “Duke has learned valuable lessons in markets like Germany (where the chain had to close down).” Walmart will face overwhelming competition from Tesco, Metro, Carrefour, et al in emerging markets, as per Bryan Roberts, Global research Director, Planet Retail.


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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Friday, October 05, 2012

WIKILEAKS: THE EULOGY

Left to us, We’d give the Nobel Prize to WikiLeaks, Run by the Rollicking Sunshine Press, For their Astounding Efforts... This one’s for them!

But more than all the numbers, WikiLeaks has beyond doubt proven that United States has knowingly not only committed the worst and unpardonable human rights violations, but also has violated the Geneva Accord that controls the behaviour of armies, who capture “prisoners during the course of operations.”

In comparison, Saddam’s kangaroo-trial and summary execution by the US government for the killing of 148 Shiites in Dujail, seems like child’s play. One wonders whether George Bush would ever be even charged with war crimes.

Back to topic, while the top US military officer, Admiral Mike Mullen warned that the WikiLeaks Afghan expose is a threat to national security, President Obama commented, “These documents don’t reveal any issues that haven’t already informed our public debate on Afghanistan.” Strangely, the tenor of Presidential speak has been quite similar whenever WikiLeaks has squirmed the can open – their historic Guantanamo Bay expose inclusive, where WikiLeaks revealed the exact prison manual (termed the Standard Operating Procedure) for Camp Delta, that documented spectacular human rights’ violations – usage of dogs, belly irons, isolation torture et al.

But Assange hasn’t always gotten it right. In two notable mistakes, WikiLeaks has had to eat dust. In December 2006, WikiLeaks claimed that Sheikh Hassan Dahir Aweys, a Somali political figure, had planned to assassinate Somali Government officials. Later, the claim was found to be unauthentic and led to WikiLeaks trying to cover up.

In another example, WikiLeaks jumped the gun during the 2008 US Presidential Election, by posting contents of an email account which purportedly belonged to Sarah Palin. It didn’t take much time for investigators to discover that it was just a fake email account created by David Kernell, a Tennessee University student.

But the world is fortunate that WikiLeaks has survived till now. In February 2008, the Swiss Bank Julius Baer sued WikiLeaks in a court in California, US and sought permanent shutdown of its website after it reported illegal activities in the bank’s Cayman Island branch. WikiLeaks won the case in March, 2008. This time they were lucky. It might not be so in the future. To that extent, Assange, your personal indiscretions aside, this one’s for you!


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, September 04, 2012

Culture and legacy makes Pondicherry

A uniquely fused culture and legacy makes Pondicherry a place where time seems to come to a standstill, or better yet, rendered irrelevant

William Strunk had once said that ‘The best way to see a country, unless you are pressed for time, is to travel on foot.’ And Puducherry is definitely a place where you shouldn’t go if you are pressed for time. A good start then would be a stroll down the Promenade running along the beach. Lined with relics of an era gone by (the old light house, the old jetty) and statues of Joan of Arc and Mahatma Gandhi, it engulfs you in a time warp – a throwback to a splendid time past. The next stop should be the Ashram walk inside Auroville. This is a place that attracts people from all over the world as much because of its mystique and aura as due to its philosophy. While you soak in the amalgamation of cultures past, you can spare time to pick-up handmade paper (rather aesthetically designed), candles, incense sticks or even the clothes they wear at the Ashram. But that’s about all the shopping Puducherry allows, simply because it is not a place meant for indulgence in material pleasures like shopping or having a night out on town – it is sleepy and spiritual almost to a fault.

One pleasure you can indulge in though, is food. A delectable mix of French and South Indian cuisine will have your platter full as far as your gastronomic trip is concerned at Puducherry. Whether it is sea-food, especially prawns, or French cuisine at the heritage hotel – Hotel De L’ Orient – or south Indian ‘meals’, the food completes the laid-back experience in Puducherry.

There is just one thing that makes sense experiencing here – sitting back and watching the world go by. Some feel relaxed by it, some feel emboldened to reevaluate the meaning of their lives, still others look for deeper spiritual quests, but one thing that’s common to everyone who come to Puducherry is this – it’s a holiday experience like no other.


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Monday, September 03, 2012

Japanimation rising!

Lookout for animes’ invasion of Indian homes !

From Momotaro’s Divine Sea Warriors, the first feature-length anime film released in 1945, anime has come a long way in terms of its popularity and technology. The Japanese anime vogue gained momentum with the success of Disney’s Snow White and the Seven Dwarfs back in 1937 when Japanese animators realised their ability to adapt and simplify many Disney animation techniques, to reduce costs and limit the number of frames in production. And so along with Manga comics, anime became the alternative format of story-telling in Japan, and is now venturing outside its boundaries and contributing to the world animation industry.

The recent ‘Anime Cine Experience’ that took place in Delhi was the first of its kind to showcase the growing acceptance of anime in India. The Asian School of Graphics and Animation supported this initiative, which was designed by the voluntary organisation Cine Darbar, and aided by Directorate of Film Festivals of India, Ministry of Information and Broadcasting, Government of India, Embassy of Japan in India and the Japan Foundation. “The animation and gaming business is coming up in a big way in India. There are 300 companies working in this industry with almost 12,000 people and another 3,000 working on a freelance basis. The turnover has touched almost Rs. 1600 crores, including Rs. 600 crores as export of services. The industry is growing at the rate of 15 per cent but the best part is that we are just 2 per cent of the world business,” informed Sandeep Marwah, President of Marwah Studios and Director of Asian School of Graphics and Animation.

With channels like Animax gaining popularity in India, children here are no doubt growing up with more than just Disney and Nickelodeon. A decade ago, Pokemon and Doraemon became household names in every family with growing children. But like in Japan where there is a Manga comic for every age group, the same cannot be said for India where animation and comics continue to remain restricted to people belonging to the younger age bracket.


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Saturday, September 01, 2012

A DRIVE TO REMEMBER?

While everyone was scampering about, frightened by the slowdown ghost, Maruti peacefully posted a 105% increase in bottomlines during FY 2009-10. Result: it Climbed 21 places to #27 on this year’s list. But can maruti repeat the magic? By Pawan Chabra

When Maruti Suzuki gave India its first Maruti 800 hatchback, in the summer of 1983, there were voices that criticised this attempt as just another government-foreign tie-up to deliver a loss-making venture. The Indian masses were then quite content with the insipid Ambassadors and Padminis burning the Indian roads in a half-sparked fashion. They disbelieved the engine horsepower of a small carmaker to deliver the bottomline goods to carve out a space for itself in the top profit-making list of corporations of India Inc. 27 years later. Call it the effect of the Japanese hi-tech partner Suzuki, or give credit to the very fact that Sanjay Gandhi gave mileage to his auto-brainchild, the newborn pony won the race. Today, it’s the white stallion of the Indian auto sector, having recorded a bottomline of `24.98 billion and a topline of `290.99 billion during FY2009-10, and ranked at a covetable #26 on B&E’s Most Profitable List 2010.

For some, the fact that Maruti has retained the indisputable brand tag in the Indian market is as confounding as the first two pages of the carmaker’s FY2009-10 Annual Report. The first page is blank. The second one has a lady clothed in a blood-red coloured garment posing as a dancer. Strangely, there is no red ink in the pages that follow, but there is much of dance and song.

What has forever worked for the company is its focus on the Indian consumer’s wants and a deep insightful understanding of their psyche. Be it its first model (Maruti 800) or the subsequent launches like Zen, Alto, Swift, Ritz, A-Star, all have received an overwhelming response from Indian buyers. It has managed to nurture and retain the perception in the minds of the Indian buyers that they are actually laying their hands on a competitively priced, good quality product, that runs on Japanese technology. Its JV with Suzuki therefore has to be given due credit, as Bhargava says, “Both the parties are bringing their respective expertise to the table, to work for the benefit of the JV, rather than looking at getting the other partner out.”

Many expected the foreign players to force Maruti to mellow down on its Indian rampage. But consistent on-field knowledge is what the player has displayed. Despite the Indian per capita incomes increasing by the day, the carmaker maintains its belief in the price-sensitive nature of the Indian masses. It is right. During the past year, it has announced the launches of alternate versions of its hit Alto (Alto K10) and the A-Star, and CNG versions of five models – the Alto, the WagonR, the Estillo, the SX4 and the EECO. To penetrate deeper into the Indian masses, the company is even scouting for better opportunities in the tier II & III locations, which accounted for 18% of its sales during the past year; two years back, this figure stood at just 3%. Translation: the small carmaker has started thinking on a bigger scale, which will grant it greater mileage even in the years to come.

Take a look at the improvements in financials of Maruti. While its net income for FY2009-10, represented a growth of 105% over the previous year, its revenues showed a jump of 40%. The result – this year, it has climbed 21 places on B&E’s Most Profitable List. The last fiscal has been the best in terms of financial performance for the company. It was also a year when it crossed the 1 million production mark for the first time. So, do we expect a similar performance this year too?


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Friday, August 31, 2012

Lessons from momma

John Abraham is admired for his amicability and humility, and he’s gotten even more grounded after filming for Aashayein. Playing a gambler ‘who discovers new meanings of fortune and life through a dramatic turn of events,’ John has dedicated this film to his mom and her lessons in leading life to the fullest. Hope the film fills the viewers’ hearts with hope and faith too!


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Thursday, August 30, 2012

Oil price deregulation and the auto sector!

Deregulation of petrol and diesel prices has given rise to a lot of hue and cry in the domestic auto industry. B&E reaches out to various experts for a commentary on how the dynamics of the auto industry may change. by Sanchit Verma

“Why should the government pay `5,000 crore per quarter for the petrol being used in anyone’s car?” Replying to opposition’s demand to roll-back fuel recent price hike, when Union Petroleum Minister Murali Deora asked the above mentioned counter question, it was absolutely clear that the government was determined to go in for the kill and save as much as $25.6 billion per year spent on subsidizing prices of petrol, diesel, gasoline et al. Anticipation of a budget deficit of 5.5% might have made the Congress-led UPA government opt for deregulation, but this certainly was one of the landmark decisions since opening up of the country’s economy around two decades ago. The question remains, how is freeing up oil prices going to affect the auto industry, an industry which is directly associated with fuel prices?

While the auto industry is divided on the impact of the fuel price rise, it’s quite obvious that in the near future price deregulation is bound to hit the sales of vehicles in the country. A research report from CARE Ratings suggests that the automobile industry would be one of those industries, which would face a higher degree of negative impact. According to the research, while growth of the two-wheeler segment would fall by 200 basis points, sales of passenger vehicles would be marginally affected and the same for domestic commercial vehicle would have a very insignificant impact. Comments Revati Kasture, Head – Industry Research, CARE Ratings, “The 5 -6% increase in petrol prices by the said move of EGoM would bring in difficulty for many households, which are already reeling under the pressure of high inflation.” This, certainly, is something to be worried about for the industry, as it’s only this year that the industry has managed to revive its performance after last year’s poor show due to the sluggish economic conditions.

P Balendran, VP, GM India also opines that high fuel price would have a negative impact on the demand scenario in the short term. Going by his words the industry may witness a drop of around 5 to 10% in sales over the next month or so. But then, as per industry reports, Indian car makers, be it market leader Maruti Suzuki, Hyundai, Tata Motors, Ford or General Motors, have posted record sales in July (prices of petrol and diesel were hiked in the last week of June). While Maruti’s sales have surged 29.18% to record the auto maker’s second monthly sales of over 1 lakh units during the year, passenger vehicles sales of Tata Motors has jumped by a whopping 62%. Similarly, domestic sales of Hyundai Motors India Ltd have jumped over 24% up during the last month. However, for pessimists considering just one month sales figures may be myopic to reach to any conclusion, but then considering the fact that fuel prices were deregulated in June, this should have been the month with the maximum of the impact.


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Tuesday, August 28, 2012

How many of us give a real answer to this question when asked across a computer screen?

Though these results can’t be extrapolated to draw conclusions about the Indian situation, one can’t deny the dependence on digital socialising that surely has changed the nature of social interactions. “I am quite a regular on Facebook thanks to my daughter. I’ve traced several old friends through this network. We’re in touch through e-mails, but then meeting personally as regularly as you e-mail is definitely different. Visiting a profile page isn’t as real as visiting your friend’s home and therefore, his or her life. Half our stories are told by the setting and the mood of our houses. Personal interactions build trust and comfort. In digital interactions, the veil always remains. In those ‘only positive’ digital discussions, there isn’t much room for discussing the grey areas of life and that’s why this sense of disconnect and a feeling of lack of real friends,” suggests 52-year-old Kanika Wali, a homemaker, from her personal experiences.

While inept use of great technology can still be blamed for creating a social disconnect among its users, similar rationalisation by psychologists for lack of empathy in present generation seems short-sighted. This hypothesis ignores that they grew up with abundant resources, undivided attention and constant protection. Perhaps, it will still take the world a while to realise that screen interactions (for now) can only help in finding long-lost friends and sharing memories, and not in creating new stories!




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Monday, August 27, 2012

CHINA-PAK NUKE DEAL: NUCLEAR SECURITY

The on-going Sino-Pakistan nexus is highly dangerous for long term global peace and stability

General David Petraeus, Commander of US Central Command suspected Pakistan’s involvement with Taliban and other terror groups during a hearing by Congressional Committee. China’s ostensible logic that the US-India nuclear deal automatically justifies its assistance to Pakistan makes no sense. Only a clear lack of logical reasoning or a blindly biased viewpoint would lead someone to paint India and Pakistan with the same brush.

The Chinese argument for extending assistance to the Chashma reactors is twofold. First, it will be built under the nuclear watchdog IAEA’s guidelines, and hence be for peaceful purposes. Second, it is not defying NSG protocol, as the original deal was struck in 1985 (before formation of NSG). To India’s despair, US and its allies in Western Europe are fence sitting on this critical issue. Obama does not want to antagonize China, whose support he will need in more pressing problems like the sanctions on Iran. On China’s part, it is another indicator of its intent to put pressure on India. What the Western world fails to comprehend is that this could have deadly repercussions for the whole world.

Source : IIPM Editorial, 2012.

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

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Friday, August 24, 2012

THE MIDDLE PATH APPROACH

IT’S NEITHER AN EXTREME OF ADVENTURISM NOR AN EXTREME OF CONSERVATISM, THE APPROACH THAT INDIA’S LARGEST PRIVATE SECTOR BANK, ICICI BANK, NOW SEEMS TO FOLLOW IS THE MIDDLE PATH

It was on May 1, 2009, when Chanda D. Kochhar took the reins of ICICI Bank from her mentor Kundapur Vaman Kamath who had transformed ICICI – a crumbling development financial institution – to India’s most visible universal bank. For Kochhar, who was instrumental in establishing ICICI Bank during 1990’s, and who successfully built the nascent retail business with a strong focus on technology, innovation, process re-engineering and expansion of distribution and scale, the timing of her taking over as the Managing Director & CEO of India’s largest private sector bank was indeed challenging. The going was certainly not great, the global liquidity situation was tight, and it was absolutely a burgeoning task for her to steer the bank through the period of financial turbulence.

It was just a few months (September 2008 to be precise) before her appointment as the MD & CEO of ICICI Bank, that the bank had to confront baseless and malicious rumours regarding its financial strength, as well as news that some of the top management had been selling shares for the last few days. It was around the same time that Lehman Brothers collapsed and given the sparkling timing of the collapse, ICICI Bank faced an unprecedented crisis with speculation mounting that its exposure to Lehman held enough potential to wreck the whole bank. The edgy traders hammered the stock down and nervous depositors queued up outside the bank premises to withdraw their money.

In a short period of two weeks or so, many people had unanswered questions on their mind and withdrew their deposits from the bank. The deposits of Infosys Technologies Ltd. in ICICI bank came down to a mere Rs.100 million from Rs.10 billion over the nine month period (April 2008 to December 2008), citing reasons of “better interest rates and relative safety of deposits”.

But the bank, under the stewardship of Kochhar (who was then entrusted to manage the crisis) was quick to respond to the rumours of bankruptcy. As damage control measures, the top brass came out in the media assuring depositors that their money was safe. The Reserve Bank of India (RBI), too, on September 30, 2008, issued a statement to this effect. But what perhaps was more daunting was the bank coming under fire in the media for allegedly using strong arm tactics to collect credit card and loan outstanding amounts.


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Thursday, August 23, 2012

WELCOME TO THE NEW AGE WAR OF WORDS

SUTANU GURU ANALYSES HOW ACTIVISM IS EMERGING AS ONE OF THE BIGGEST CHALLENGES FOR CEOS IN THE 21ST CENTURY. HE ALSO ARGUES HOW ACTIVISM HAS OFTEN ENDED UP SAVING CAPITALISM

Power corrupts and aboslute power often corrodes common sense. No matter what your ideology, you will agree that this is one of the fundamental lessons – or maxims if you please — that has literally brought Capitalism to its knees since the autumn of 2008. Look at it another way: everyone seems to agree that the real reason for the existential crisis that has thundered across capitalist societies is the apparent absence or utter failure of regulation. Put it even more simply, Capitalism faces its gravest crisis since the Great Depression of 1929-33 because the system of checks and balances that is supposed to function in a free market system and a democracy virtually collapsed. Hubris, arrogance, myopia and even megalomania seem to have replaced common sense vision as glorified CEOs and bean counters strutted across Wall Street like Lords of the Rings. If they had listened to the common sense voices of what we can now portray as “activists”, Wall Street today would not look like an ageing harlot who lives under the delusion that she is Marylin Monroe re-incarnated.

Yes, we come to the most cliched and arguably most abused terms in contemporary times of angst and anguish — activism and activists. In this 21st century, as globalization gathers pace relentlessly and as technology enables citizens to access what was once the privilege of the high and mighty, the CEO is realising that he can ignore activism at his own peril and he might even end up destroying his company if he underestimates the power of activism. Name a theme or a a cause and you will find a hyper ventilating and often angry swarm of ‘activists’ who appear determined to make governments and companies “do the right thing”. They can force General Motors to make safe cars; they can force Nike to use more humane labour practices in China and also force Ratan Tata to relocate his Nano plant out of West Bengal. Yes, it is time the 21st century CEO realised this simple fact: growing corporate power will now frequently confront the growing power of activism. The activists have possibly nothing to lose except their ideology; the CEO and his company can lose tens of billions of dollars in market capitalization!

Many seem to think that activism is a recent phenomenon. But I would disagree. Personally, I think the now discredited ideology of Marxism was the single greatest feat of activism in modern economic history of the world. It is trade unions inspired by the vision of Karl Marx that finally convinced the wealthy and the powerful that not sharing wealth with workers would inevitably lead to revolution. Henry Ford might have brutally treated his workers; but he knew that they could also be his customers.


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Wednesday, August 22, 2012

GEORGE WORTHINGTON, CHIEF ECONOMIST, ASIA – PACIFIC IFR MARKETS, THOMSON REUTERS

Bold but politically unpalatable reforms such as freeing up the labour market are necessary to permit a higher rate of sustainable, non-inflationary growth

Most important for sustaining rapid growth over the medium term is increased spending on infrastructure. While the dire fiscal situation precludes anything like the massive state-driven outlays on roads, rail, ports and airports seen in China, the private sector is picking up some of the slack as new roads and other facilities in major cities demonstrate. Billions of dollars’ worth of investment being undertaken by mobile telecoms providers reflects confidence in India’s growth story. Access to foreign capital by Indian firms will be crucial to fund booming investment over the next decade. Further liberalisation of the foreign investment regime is likely to progress only slowly, and there is a risk that rising inflows provoke tighter regulation or controls as the authorities focus on the currency.

Another potential barrier to sustained investment growth is the public-sector’s massive deficit. The government’s funding requirement, if not brought under control, risks crowding out private-sector capital expenditure. Pending tax reforms and revenue from sources such as the recent spectrum sale will help narrow the budget gap, but a stronger commitment to reforming the state sector and further disinvestment is needed to ensure a sustainable fiscal position in coming years.

Faster trend growth in the economy would help also improve the government’s balance sheet, and though the way to that goal is clear, the will is not there. Bold but politically unpalatable reforms such as freeing up the labour market are necessary to permit a higher rate of sustainable, non-inflationary growth. For the governing coalition, such issues are likely to be put in the too-hard basket for now. But even without such positive developments, the next few years should see the Indian GDP expand by an average of at least 8% on the back of solid private investment and rising consumption. In that context, local markets and investment opportunities will prove attractive for international investors; attracting capital for a virtuous cycle of growth and investment will not be a problem for India’s increasingly dynamic economy.


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