Thursday, February 11, 2010

Just one mistake’

IPCC Chairman R. K. Pachauri’s credibility is under attack for glaring mistakes in the fourth assessment report of IPCC and for charges of financial irregularities in TERI. Vikas Kumar caught up with the man in the muddle.

Don’t you feel that the recent revelations have severely eroded your credibility and you should resign from the post?

First of all, I would like to make it aptly clear that I have no intention of resigning from my post. I was selected by the United Nations and I have a task of carrying out the fifth assessment report of IPCC. I have to complete it and we are trying to come up with a more robust report this time. Unfortunately, there were some mistakes in the fourth assessment report on Himalayan glaciers but that, in no way, can demean or discredit the value of the report. As far as credibility of the report is concerned, I am sure that ‘rational people’ all over the world will not be distracted by this one error as they see the larger picture.

Global Warming is a phenomenon not only confined to Himalayan glaciers. It affects the entire world. I do not think this one mistake will make people look away from the actual reality.

What about the allegations of financial irregularities in TERI?

I am again and again saying these allegations are false and TERI has not benefited at all in any way.

This is a big mistake. How can you escape responsibility after making such a Himalayan blunder?

First of all, you have not worked your fundamentals right. TERI was not at all involved in IPCC assessment report.

But was not Syed Husnain a senior fellow at TERI?

You should check your facts. At the time his report on Himalayan glaciers came out, he was working with Jawaharlal Nehru University and not with the The Energy Research Institute. He was working with us for the last two years only. Whatever statement he made about the glaciers was made much earlier than his association with TERI.

There are other mistakes too in the section….?

(Cuts in)…Yes, there is a whole paragraph and we have put it on the IPCC website. We are trying to adopt more robust practices while carrying out fifth assessment report. However, there is no question of taking action against any of the authors as they are not employees of the IPCC.

It is amply clear from the mistakes in the fourth assessment report that processes are not perfect. Now, the work for the preparation of fifth assessment report is going on. How will you ensure such mistakes are not repeated this time?

You cannot generalise on the basis of one mistake. Our procedures are very robust and all we need to do is to adhere to implement these procedures. We have clear-cut guidelines. That’s how we include information from other publications. Unfortunately, this is a failure on the part of IPCC in the fourth assessment report and all we can do is to reassure people that such mistakes will not be repeated in future.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Wednesday, February 10, 2010

New wave of revenue-generation streams that have suddenly gripped Bollywood!

Big brands like Big B (reportedly charged Rs 1.5 crore per episode for anchoring “Bigg Boss 3”) or SRK (alleged to have taken home a whopping Rs 40 crore for anchoring “Kya Aap Paanchvi Pass Se Tez Hain?”) are likely to shoo away Banerjee’s views. So are stars like Salman (Rs 89 crore for season one of “Dus Ka Dum”) or Ajay-Kajol (Rs 10 crore combined for judging “Rock-N-Roll Family”). Even forgotten actress Urmila Matondkar scooped up a cool Rs 7.5 crore for judging “Waar Parriwar”. On the anvil are out-of-work star Preity Zinta, reportedly offered a cool Rs 10 crore for a show entitled “The Preity Zinta Show”, where she will interview/chat with her celeb, B-town friends. Also, the red-hot Bipasha Basu was allegedly signed by SRK’s Red Chillies to anchor a show on the lines of "America's Next Top Model". Payout? Rs 65 lakh per episode!

Wait, there is more! In these insanely glamour-driven times, where everything Bollywood-specific is hugely in demand, stars drive… everything! It’s only natural, hence, that stars leverage their marketability across every conceivable revenue generating avenue. So, enter concerts, weddings & special appearances! King Khan, demands, and gets, anything between Rs 1.5 crore to Rs 3 crore, depending on what he is required to do. Whether it’s hi-ticket affairs like Lakshmi Mittal’s daughter’s wedding or real estate hot-shot Kanti Govani’s wedding, SRK is a must. If he is required to grace his presence right through, covering all the functions, the payout is said to be a gigantic Rs 12 crore! Next in line are Salman Khan (Rs 1 crore) Katrina Kaif (Rs 80 lakh) Govinda (Rs 70 lakh) and Lara Dutta (Rs 30 lakh). Saif, Ranbir, Deepika, Imraan & Asin are also said to be in the Rs 50 lakh bracket for special appearances. Small-timers too are leaping onto this bandwagon! Malaika Arora, Celina Jaitley, Dia Mirza, Rakhi Sawant & Isha Koppikar also stand to pick up a cool Rs 10 lakh for an item ‘jig’. Can’t afford it? Not to worry. The likes of Koena Mitra, Preeti Jhangiani, Sanober Kabir, Payal Rohatgi and gang come between Rs 5-7 lakh.

The moolah is there, all the way. The gorgeous Katrina Kaif was offered Rs 1 crore to perform in a Mumbai 5-star hotel last year. This year, reportedly – due to her No.1 status – she’s been offered double the amount for a 10-minute jig! She was also said to have been paid a cool Rs 80 lakh to – you’re not gonna believe it, guys – wave at the crowd at a recent concert in Dubai! A Rs 67 lakh paycheck also came her way for a 30-minute performance at a farmhouse in Delhi.

The other sizzler, Bips Basu, was said to have been offered a sexy Rs 90 lakh to greet last year’s New Year at a Mumbai 5-star hotel but she refused because of 26/11. This year she is supposed to have been offered an even larger fee, to which she agreed. Neha Dhupia, Udita Goswami, Tanushree Dutta – all pick up anything between Rs 5 lakh to Rs 20 lakh to do their assigned and special routine/number. Oh, how can one forget the deadly Mallika Sherawat? She reportedly took home the big one – Rs 3.5 crore for a jig!

TV appearances, ad endorsements, weddings, concerts, special appearances... Big (even small) stars are flooded with revenue generating avenues from a Bollywood-crazy planet! Jai Bollywood!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Friday, February 05, 2010

A recess from work!

Learn priceless lessons for life as you teach the lesser privileged children and work at making inequity in education history...

Having previously taught primary school children, I am particularly inclined to indulging them and endlessly listening to them prattle. Once, as I observed two innately sharp and eager kids from two different economic strata of society, it dawned on me how our country’s misdeeds (towards an ever-widening educational inequity) were limiting the growth of lakhs of bright children. For while the 8-year-old Sudhir (a helper’s child who went to a government-run school) was as witty and keen as the same-aged Sarah (a financial consultant’s daughter studying at a ‘reputed’ public school with world-class standards), his lack of exposure to the learning experience as hers (despite the same education board), had exponentially widened the gap between their respective banks of knowledge, apart from also impeding his ability to grasp new concepts.

Though this existing system of education can’t be turned around in the short-run, an innovative initiative – Teach for India – formally started in 2008 by a group of young leaders, shows promise of bridging this educational inequity. Inspired by the success of Wendy Kopp’s Teach for America initiative, and the positive results of the study carried to learn about the feasibility of similar implementation in India, the organisation is recruiting ‘outstanding college graduates and young professionals’ for its full-time two-year Fellowship. ‘Committing two-years to teach full-time in under-resourced schools’, these fellows are trained to become successful teachers and leaders.

While such exemplary initiatives clear off the hurdle of requiring mandatory degrees and qualifications for imparting knowledge, there are a growing number of recession-hit stressed professionals across the world who are increasingly seeking solace and satisfaction in teaching courses and jobs.

A recent study by a UK-based school workforce training organisation TDA, (Training and Development Agency for Schools) found that enquiries for teacher training have gone up by 50%, that too by people with banking, legal, architectural and management backgrounds. The research found that most people do not anymore consider holding a high-status management job as important, but are looking for meaningful work with manageable stress-levels, which allows more time for pursuing leisure activities.

In India this trend is quite common among women, though for different reasons. Reema, a primary school English teacher in Delhi says, “I have done my MBA from Symbiosis, Pune and have worked as an HR professional for long. But my growing-up daughters needed more of my time and I couldn’t handle the pressure of running the house with a managerial job, so I opted for teaching. Whatever were the reasons, today, I think, I go back home with a sense of accomplishment and not stress about tomorrow’s schedules.”

Though majority of India’s education sector would continue to see this trend of bias for teaching profession, there are a growing number of World Schools that are hiring people who can blend their experience and team management skills with academic knowledge. But such schools too are only for the privileged few. For improving young lives like that of Sudhir’s, we need more Indians to come forward for initiatives like ‘Teach for India’, so that the rest of India can also be privy to world-class educational standards..

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Tuesday, February 02, 2010

Methodology

A quick run through the two phases of the 2009 B&e-Icmr B-School survey

First phase:


ICMR prepared an initial list of 150 B-schools in India that have been providing full-time management course for at least the past three years and which were also the most-recalled amongst the student fraternity (sample size of 1500 students who are currently pursuing a management course, spread across five metros). This initial list of B-schools comprised both private and government-affiliated institutions. Subsequently, ICMR conducted a perception survey amongst MBA aspirants, management students (who are currently pursuing their MBA) and executives from the corporate world. The survey was based on the parameters of awareness, recall, legacy and image & perception. A sample of 5000 respondents was thus covered in the study across the cities of Delhi, Mumbai, Kolkata, Bangalore, Chennai, Pune, Hyderabad and Ahmedabad, using a structured questionnaire. Based on the frequency of responses, the final list of top 30 B-schools (from amongst the initial list comprising 150 B-schools) was shortlisted.

Second Phase:The final ranking was based on the average of weighted scores per parameter (details below) given by the esteemed panel of experts. The respected panel of experts comprised Naresh Gupta (Managing Director, Adobe India & Senior Vice-President, Print and Classic Publishing Solutions Business Unit, Adobe Global), Dr. Sanjeev P. Sahni (Head, Strategic Human Resources, Jindal Steel & Power Limited), Girish G. Vaidya (Director, Infosys Leadership Institute), V. Balakrishnan (CFO, Infosys Technologies) and Dr. Brian W. Tempest (Former CEO, Ranbaxy & current Chairman, Religare Hichens & Harrison Plc. and Chairman, Advisory Board of Lancaster University Management School, UK). Each panelist was provided with the write-ups (sent by the participating B-school) and detailed secondary data generated by ICMR for the 30 institutes based on the following parameters:

Quality & Volume of Course Contents; weightage:40%

Quality & Volume of Industry Interface; weightage:15%

Quality & Volume of Research & Writings; weightage:15%

Quality & Volume of Global Exposure; weightage:15%

Placement & Packages; weightage:15%

It is important to note here the weights given to the parameters in question. We firmly believe that the most important factor for any B-school to be ranked upon has to be necessarily its course contents. This factor is what differentiates the world’s leading management institutions from the also-rans. No amount of teaching, interface, exposure is helpful unless the course structure is world class – and that is the reason why this factor has been given a 40% weight by us, while all the other factors have been assigned a weight of only 15%.

We would also like to specify that the parameter of infrastructure has not been considered for the survey on B-schools due to two primary reasons. Firstly, above a threshold standard infrastructure level, providing many more acres of land, multiple computers per student et al does not add any significant additional value to the education of the management student. Secondly, the thirty B-schools shortlisted have already qualified well above the threshold level of infrastructure required.

Information material and various secondary study reports were provided to the panelists by ICMR researchers. At the same time, these study reports were supported by primary data and essays received directly by ICMR from the shortlisted institutes. The final scores provided by the panelists have been converted into relative ranks for each parameter, and overall too, for the reader’s benefit.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009





An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative


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Monday, February 01, 2010

Be it the Corolla Altis, Innova, Land Cruiser or Prado, all of them are considered as benchmarks in their respective segments by many. P. S. Chowdhary, Head-Marketing, LML asserts, “Toyota and Honda are the best in the business of automotives worldwide and similar is the case in India.”

India’s upmarket customers do seem to agree. Take the instance of the Fortuner, the latest entrant in TKM’s stable. Fortuner has already got a mind boggling 7,000 advance bookings, surpassing the anticipated figure of 5,000, forcing Toyota to raise production to 600 units a month from the 500 units decided earlier. But the company has been able to deliver only 1,000 in the first two months since the launch and TKM has in fact closed bookings for the upcoming six months. The company has a target of selling around 1,800 units in the current calendar year and around 2,000 units in 2010. “Toyota Fortuner has got an overwhelming response in the Indian market and has the potential to become the market leader. However, the long waiting period due to the capacity constraints may turn down some buyers,” explains Sandeep Singh, Deputy Managing Director-Marketing, TKM.

However, when one looks at overall market share, the company takes a back seat. Since the segments that they operate in are low-volume driven themselves, reaching the ranks of the top five in the country is still a pipedream. Akira Okabe, Senior Managing Director, Board Member, Toyota Motor Corporation avers, “TKM is a baby when compared to giants like Maruti Suzuki in the country.” The basis of the statement surely has deep roots as the company sold a meager 46,892 units at the end of FY 09; registering a negative yoy growth of 15% as compared to the 7,00,000 units by the Indian market leader in the same period with a growth of 1.5%.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-