If that’s giving a lot, think about this Swedish furniture company, which was ranked 11th, not in terms of its furniture business, but for being one of the best-earning ‘eateries’! Furniture giant Ikea lures customers with cheap warm meals! One out of every 20 euros spent at Ikea goes into its cheap meals menu. It’s not just a hot dog for €1, the company also provides free baby-sitting services, so moms and dads can shop in peace. Clearly, the customer should not just be well taken care of, but also be provided an environment that astounds their experience pleasurably.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
from the fact that the consolidated PAT for 29 cement companies shows a stunning 246% growth during the quarter. Only three companies, out of the 29 under consideration, have grown at less than 100%. Market leader ACC has posted 184% growth. The IT sector came up good as always with the major industry giants like Infosys, Satyam and Wipro posting healthy growth. Net profits of Satyam soared by 75% and that of Infosys and Wipro went up by 54% and 53%, respectively. Pharma companies showed a growth in PAT of 24%. Pfizer was outstanding with growth in PAT of 131%. The banking sector displayed a mixed bag of fortunes with SBI, the country’s largest bank, booking a 34% fall in profit and ICICI Bank, the country’s largest private sector bank, moving up by 17%.
be executed for future space tourists. Although the foray into Space Station in 2001 fructified, increased private participation for gaining access to it has met with higher support. This venture got the maximum boost when the world’s first privately developed space vehicle, ‘Spaceship One’, on its way to win the Ansari X prize, broke the highest altitude award of 41 years (it reached 112 kms, placing the pilot in the Lower Earth Orbit) in 2004. Immediately after the successful flight, not only were the designs licensed to Sir Richard Branson (and Virgin Galactic was launched) but commercial space flights were planned to be executed for future space tourists. Although the foray into space has had increased participation globally as more and more countries like Saudi Arabia, Algeria and organizations like University of Rome get into building and operating satellites, the access to the launch vehicle, and especially the ability to send manned missions, is severely restricted to a few countries (US, Russia & China). 