Showing posts with label IIPM New Delhi. Show all posts
Showing posts with label IIPM New Delhi. Show all posts

Monday, June 03, 2013

Small films, big gains

Mumbai directors who followed their hearts and fought a dour, unflinching battle to protect their cinematic vision from market-imposed dilution have come up trumps at the 60th National Film Awards. The Sunday Indian analyses why ‘Bollywood’ movies that are not made for the 100-crore club are really the only ones that are worth celebrating

The 60th National Film Awards announced on Monday, more than anything else, have come as a strong vindication of the efficacy of independent cinema that blends the need for entertainment with a spirit of creative adventure. Nowhere is that truer than in the case of the healthy complement of Hindi-language films that have been adjudged worthy of being feted by the President of India.

The value of the National Film Awards stem primarily from the fact that they aren’t, as a rule, influenced by extraneous commercial considerations or the crowd-pulling capacity of the reigning movie stars, which, incidentally, are the two principal pillars on which all the Mumbai cinema-dominated, made-for-television award shows firmly stand.

The National Awards are meant to recognize excellence in Indian cinema – and that, barring stray aberrations, is exactly what they do. This year has been a perfect demonstration of what sets these awards well apart from the all the other glitzy star-driven events that are avowedly about showcasing the biggest and the brightest of the industry and not necessarily about celebrating cinema for its own sake.

Hindi, Malayalam and Marathi cinema have cornered the lion’s share of the major National Awards this year, with cinema in the national language securing a greater presence on the honours list than usual.

Tigmanshu Dhulia’s critically acclaimed Paan Singh Tomar has been adjudged the best film of the year gone by. The film’s male lead, the redoubtable Irrfan Khan, has won the best actor. Nothing could have been better for Hindi cinema – the two awards for Paan Singh Tomar are not only richly deserved, they provide a fillip to filmmakers who, while staying within the parameters of the Mumbai movie industry, desire and strive to carve their own niche.

The jury, in its citation, has lauded Paan Singh Tomar for its “sleek and sensitive handling of a not-too-common subject with remarkable aplomb”. Indeed, unwavering authenticity of location and lingo is the prime strength of the film, which narrates a gritty tale of the eponymous athlete-turned-brigand whose brief run from the law in the ravines of Chambal ended in dusty death in a police encounter in the early 1980s.

It certainly wasn’t easy for Dhulia to bring to the screen the compelling story of an ordinary villager, soldier and steeplechase champion who was forced by rural oppression and lack of redress to take up arms against the law.

The director worked on the idea for close to a decade, researched his subject thoroughly and, when he eventually got down to filming, he shot on actual locations, including the places in Chambal and the barracks in Roorkee where the real Paan Singh Tomar lived.

After it was wrapped up, Paan Singh Tomar languished in the cans for a year and a half for want of takers despite the critical applause it earned at festivals around the world. The film finally hit the screens in March 2012 and instantly garnered both critical accolades and commercial success. The rest, as they say, is history.
Recognition for Paan Singh Tomar at the National Awards is also recognition for the kind of culture-specific and rooted cinema that the Mumbai film industry has all but abandoned in its unthinking pursuit of big box office returns.

Significantly, all the other Hindi films that have won National Awards this year have emerged from independent spaces where funds weren’t plentiful and star power was barely available. These films swam against the tide with intent: one revolved around a heroine who is heavily pregnant all through a narrative set in Kolkata, the other dealt with the travails of a young sperm donor in Delhi.

Neither Kahaani nor Vicky Donor left any stone unturned to capture the essence of city that it was set in, even resorting to hit-and-run guerrilla filmmaking methods (especially in the case of the former) to shoot scenes on crowded streets and bylanes. Despite being fictional stories with dramatic twists, both films had a real feel to them.  

In both Kahaani, which has fetched director Sujoy Ghosh the best original screenplay award, and Vicky Donor, which has been named the “best popular film providing wholesome entertainment”, the script was supreme. The actors, outstanding as they were, had to play second fiddle. It was cinema that was the ultimate winner.
Indeed, who would have imagined that a film about a guy who works for a fertility clinic with little-known actors in the cast would go on to conquer all manner of scepticism and score big at the box office and in the critical ratings? An unqualified triumph for director Shoojit Sircar, Vicky Donor also fetched two best supporting actor awards – for Annu Kapoor and Dolly Ahluwalia. What a story that!

The jury noted that Vicky Donor is “a wholesome entertainer presented in a breezy and humorous fashion” and went on to praise the filmmaker for “deftly avoiding falling into the beaten track of formula films”.

Kahaani was definitely no less. Vidya Balan may have been beaten to the best actress prize by Usha Jadhav (who won for her powerful performance in the Marathi film, Dhag), but the suspense drama, whose editor Namrata Rao won a well deserved nod from the jury chaired by veteran filmmaker Basu Chatterjee, proved that there can be no substitute for artistic integrity.

The director made no compromises with his vision – the refusal to kowtow to demands of the marketplace served to make Kahaani a huge success story that it eventually became. The National Awards are only the icing on the cake.

It is significant that all the three Mumbai-based directors in question – Dhulia, Ghosh and Sircar – dared to follow their hearts in a movie industry where it is customary for superstars and big banners to call the shots and determine what kind of cinema gets into the distribution chain. These directors are among those that are spearheading a much-needed revolution and the National Awards for their work is proof that they are well on course.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Thursday, May 02, 2013

RIP: Fannie Mae, Freddie Mac, 2012

The recent changes in bailout agreements indicate that the Federal Government is now gearing up the process to end the era of mortgage giants Fannie Mae and Freddie Mac. But is it the right time? Is the US housing market ready to accept this and move on with the reform process to a new system? An analysis of why this is essential.

The United States government couldn’t have been clearer on this. The latest changes to the US Treasury bailout agreements with government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac clearly indicate that it’s just a matter of days when the official words will be out to wind them up; the process has started though. As per the changes made to the agreements, the mortgage finance giants have been asked to turn over all profits to the government and wind down their large investment portfolios at 15% per year rather than 10% as stated earlier. Result: The US government would soon take over all business controlled by the two GSEs for which it has been acting as the primary guarantor since both the institutions announced bankruptcy in 2008. The fact is that when the US government decided to continue the two agencies after bankruptcy, everyone knew that sooner or later they will be asked to shut their shops. They only existed because the government wanted them for reviving the distressed US housing market. Now, when the government looks decisive, the question remains, has the US housing market stabilised enough to say goodbye to Fannie and Freddie? It’s a point worth exploring besides understanding how the two mortgage giants have contributed to the overall US housing scenario.

The story of Fannie Mae is certainly interesting in this regard for the fact that it was commissioned in 1938 after the Great Depression provide the necessary impetus to the US housing market as a part of the New Deal (a series of economic programmes enacted in US between 1933 and 1936). Interestingly, it was this mortgage giant that ended up initiating the second biggest financial crisis ever. In fact, by the time Global Financial Crisis started (in the second quarter of 2008) Fannie Mae and Freddie Mac (the younger counter art of Fannie Mae was commissioned in 1970 to give competition to the former) had been exposed to subprime/Alt-A loans worth a mind-boggling $388 billion and $392 billion respectively. Certainly, considering that the annual Private-label Mortgage-backed Securities issuances remained at over $800 billion per year in 2005 and 2006, one cannot say that these GSEs caused the crisis, but they for sure were the biggest contributors. Perhaps this was what prompted Senator John McCain to say that “the catalyst for this housing crisis” was Fannie Mae and Freddie Mac. In one of the debates during the Presidential campaign in 2008, he had claimed that these two GSEs “caused the subprime lending situation that now caused the housing market in America to collapse.”

However, with the taxpayers owing close to 80% of the two GSEs post bankruptcy, the onus was on the government to use them to reorganise the US housing market. And as it can be seen, the job is done, at least to some extent. After long, the US housing market seems gaining legs. What is more interesting is the fact that now it’s in a situation where people have started looking forward to it as a growth driver. Agrees Celia Chen, West Chester based Senior Director at Moody’s Analytics, as she tells B&E, “Housing, once the Achilles’ heel of the US economy, is starting to look like a source of strength in a recovery that has lost its vigor and faces significant roadblocks. That housing is now a bright spot speaks more about the weakness of the recovery than absolute strength in housing.” This comes as a relief at a time when the other drivers of growth are faltering. Housing is about to turn from being a drag on the broader economy to being a driver. 


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Saturday, April 27, 2013

Meeting the sub-7 degree challenge

An economic slowdown is bad enough, and prevailing sentiment on India's prospects due to the oft cited 'policy paralysis' makes it worse. However, considering the long term demand potential, the profit leaders of India Inc. should take the lead in bringing investments, growth and faith back.

India’s growth engine slowed to a rate of 6.5% in the previous financial year, which presents India Inc. with what we call the sub-7o challenge (GDP growth falling below 7%). Perceptions of the country’s potential, though, went down by several notches. To be fair, optimism on India will continue to ebb and flow in future as well, but what remains unchanged is the paradox that characterises India. In the month of June, we became, most unwillingly, the flavour of global economic debate, when Standard & Poor’s revealed that we risked being the first among BRIC nations to lose our investment grade rating. Interestingly we receive this warning despite outgrowing Brazil ( GDP growth of 2.7%) and Russia (GDP growth of 4.3% in 2011)! In the same month, India, along with fellow BRIC nations pledged $75 billion to the IMF fund for the Eurozone, where the likes of S&P should be giving ‘rescue’ ratings and developing an altogether new scale. Some experts even project this as a fitting reply to the S&P rating! You do not need to look at the report to ascertain the rationale for this bearish sentiment. A government that predicted GDP growth of around 8.2% for the last fiscal initially, seems to be either too laid back or too constrained to make amends for the reduced figure, and the central bank isn’t helping either. But for the 50 basis points cut in April, RBI has kept interest rates high. The industry laments the RBI’s lack of concern for growth and fails to understand why interest rates are being kept high despite manufacturing inflation having come down. Unfortunately, if one looks at the HSBC Manufacturing Purchase Manager’s Index for June 2012, rate cuts could be delayed even further. The index read 55 in June compared to 54.8 in May, and

the report claims that input and output prices have risen significantly in June. Furthermore, a weak monsoon threatens an upward push to an already high WPI of 7.55% in May. However, delaying rate cuts has a detrimental effect from another perspective. High interest rates are leading to heightened incidence of debt defaults among SMEs, due to which toxic assets are entering our banking system at an alarming rate. Furthermore, investor uncertainty has reached new heights following the announcement of GAAR. Though it has been rolled back, no one is sure when it will return. There’s no timeline for the implementation of GST. Economists insist that FDI in retail could be a major step towards improving supply chain deficiencies in agriculture and bringing down inflation, but the government remains locked in a political logjam. Considering that there isn’t much fiscal room, urgent policy measures are needed to improve investor sentiment. India has received an impressive $36.5 billion in FDI equity inflows in FY 2011-12, a growth by 88% yoy (Department of Industrial Policy & Promotion). It’s important that this momentum is not lost.

Mention the word strategy to India Inc. and they would, with reasonable certainty, point an accusing finger towards monetary & fiscal policy. But then, even in this environment, there are businesses that continue to outperform. A look at our B&E Power 100 list this year as compared to the list five years ago provides some interesting insights. There are 32 new entrants, & some of the prominent ones include DLF, Jaypee Infratech, Adani Ports, Yes Bank, Axis Bank, Sun TV Network and Cadila Healthcare. Notable exits include Suzlon Energy, Reliance Communications, HCL Technologies, Unitech, MTNL, VSNL, Tata Tea, Tata Chemicals, Videocon & United Spirits. The reasons vary greatly, but the crux is that 68 members in the list have stayed the course and continue to be part of the list. And six of them remain in the top 10. Credit it to their world class practices, or their overwhelming hold on the market, they have managed to excel in the best & the worst of times.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
 

Tuesday, April 16, 2013

Drafting a better future?

The Draft National Telecom Policy 2011 has introduced amendments which benefit the industry. Changes have also been made to clauses pertaining to M&As and exit routes. However, a lot more needs to be done in order to ensure welfare of telecom operators.

One look at the Indian M&A outcomes of 2010, and the dynamics of the Indian telecom industry instantly become clear. According to statistics compiled by Assocham, the combined value of the telecom M&A deals in India stood at $22.7 billion in 2010, which roughly makes up for 67.19% of the entire deal volume across India Inc. In fact, at any given point of time, there are 14 odd players competing to extend their presence in the world’s second fastest growing telecom market after China.

No doubt, Indian telecom has emerged as one of the greatest economic success stories, registering a consistent overall growth rate of more than 35% over the past decade in terms of subscribers (according to a World Bank study, a 10% increase in teledensity is known to boost GDP growth by 1.3%), but when it comes to regulatory framework the industry still lags behind it global counterparts and as such needs radical reforms. More so because the dream run of new entrants (including Videocon, Etisalat, STel, and MTS) – who ended up paying Rs.81 crore for acquiring 3G licences – keeps hitting roadblocks as more players join the bandwagon further increasing competition in an already cluttered business segment.

Further, entry costs are exorbitantly high and operating margins are overwhelmingly low. In fact, currently only the top four private telecom companies are EBITDA-positive. Although the operating environment has improved after Bharti’s July 2011 initiative to increase on-net, pre-paid and SMS tariffs by 20% was followed by major competitors, their margins still remain under pressure. This leaves telecom operators with no choice but to consolidate in order to put a cap on the ever rising costs. However, under the current contours of the regulatory norms established by the Telecom Regulatory Authority of India (TRAI), the largest telecom entity can consolidate to command a market share of up to 30%. Anything beyond that is subject to scrutiny and does not get necessary regulatory approvals. As such, while players like Bharti Airtel consolidated their position both nationally as well as globally (it acquired Zain’s African business for $10.7 billion), others such as BPL, Max Hutchinson, AT&T, Telstra had no choice but exit.

Therefore, consolidation and exit are two of the most important issues that need to be addressed in order to make the Indian telecom industry more efficient. This is where the new Draft Telecom Policy 2011 (introduced on October 10, 2011) becomes significantly important. As per the recent amendments incorporated, a deal giving birth to an entity with up to 35% market share will have no interventions from regulatory authorities. Deals which gives a company market share of up to 60% will be examined on a case to case basis. However, any deal where the new entity crosses the 60% barrier will come under strict interventions from TRAI. This seems like a move that will boost consolidation. But the fact that the draft NTP does not provide relaxations on restrictive M&A regulations offsets any benefit. As per a recent report issued by Fitch Ratings titled Indian Telecom Services: Regulatory Uncertainty to Continue, “TRAI’s recommendations to require a minimum of six operators per circle, for entities not to have over 30% market share or maximum spectrum of 14.4Mhz for GSM and 10Mhz for CDMA, effectively block consolidation in the sector.” But having said that the agency still believes that consolidation among the existing 10-13 service providers in each circle is inevitable and that the Indian telecom sector can sustain at most six or seven players in the long run.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face

Monday, April 15, 2013

B&E This Fortnight

INTERNATIONAL

BUSINESS, ECONOMY & FINANCE
He end of Gaddafi

In what will probably be remembered as a landmark event in the history of dictatorships, Muammar Gaddafi, the man who ruled Libya for 42 years was captured, beaten ruthlessly and finally killed on October 21, 2011, as he tried to escape with his convoy. Although it is not clear how the tyrant was murdered, videos shot by bystanders and interviews of eye witnesses reveal the disturbing events which led to his death. Most of the videos circulating on the internet are graphic in nature and give an extremely violent account of his death. The entire drama led to an intervention by the US Secretary of State Hillary Clinton, who has even suggested a possible enquiry into the incident given its chaotic nature. However, the more important question is the risk of a power struggle, primarily because Libya has the ninth largest oil reserves in the world. According to data released by the CIA World Factbook, the country produced 1.789 million barrels of oil a day before the unrest started. This accounted for roughly 25% of the GDP. In the aftermath of these events, oil production has fallen to 400,000 barrels a day. More importantly, even if Libya does manage to restore production, it is not enough to fulfill the employment needs of all Libyans demanding jobs. The developments need to be closely monitored by the US in order to establish a healthy democratic system..

The netflix syndrome

‘Strategy’ has turned out to be one of the most alluring and elusive business terminologies ever conceived. What Apple has achieved through strategy, HP has destroyed. In yet another case of a strategically and financially sound company getting it wrong, Netflix has almost undone what it had managed to do over the past several years. A few weeks back, Reed Hastings, co-founder and CEO of Netflix, announced that he would be splitting up the company into two parts. While Netflix will continue to provide streaming service, the DVD rental business would be christened Qwikster. The idea has been hailed by some and criticised by many. The poorly introduced pricing and service alterations ended up upsetting customers. In fact, analysts are estimating that Netflix might have lost as many as 600,000 US subscribers since July. The announcements did not alienate the customers of its live streaming service who continued to opt for the $7.99 monthly rental plan. The backlash came from subscribers who were used to receiving DVDs in red envelopes. It appears that they perceived the streaming service as a free add-on. Now, the CEO has suddenly decided to backtrack on the plans. How the company will regain lost ground is still a question, but this was a very bad move on the part of Hastings (no wonder he’s on the board of Microsoft).


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face

Thursday, March 07, 2013

And could also be where you Rediscover Yourself and Your Spirit

The Tip of Our Country was where Swami Vivekananda reached the tipping point, And could also be where you Rediscover Yourself and Your Spirit

Life at Kanyakumari some decades ago was often disturbed by communal tensions. Even the proposal for the building of Vivekananda Memorial in the early 60s faced much opposition from the Christian fishermen, who were perhaps afraid of being robbed of their means of a livelihood, as the dredging operations would cause soil erosion. They even went on to damage the Memorial tablet placed on the rock and installed a wooden cross in its place! Eventually, the issues were amicably settled. “Now, most of the tourists come here to see this Memorial. Those fishermen who protested earlier are the boatmen now who take the tourists to this rock,” says Ignacius Tagore, a senior journalist in Kanyakumari.

Every year 19 lakh people come to see this Memorial. The ferry service starts in the morning at 8 am and ends at 4 pm. “December to January, April to May are the two peak seasons. 10 lakh tourists come here then,” says Sornapandian, the Manager of the Boat transport here.

Kanyakumari district was earlier with the state of Travancore. After a long struggle by the local people, when states were formed on the basis of the language, Kanyakumari and adjacent places came to Tamil Nadu. You can still find people here speaking Tamil with a hint of Malayalam accent.

In 1982, there was a huge religious clash in Mandaikadu, a hamlet near Kanyakumari. “This clash happened due to a rumour,” says Dr. S.Padmanathan, a historian. “Those days the Hindus and Christians were friendly. There was a Hindu Bhagwati Amman temple and a Christian Mary Church. During a festival season, rumour spread that a woman was molested and so a clash erupted between the two sections. Police came to control the violence, and they resorted to firing in which six people were killed. But the situation has changed today. Both communities visit each other’s places of worship,” informs Padmanathan.

On the shore stands Kumari Amman temple. The virgin Goddess here is the incarnation of Parvati, who is believed to have stood in penance for Lord Shiva. It is one of the important Shakti Peeths in Tamil legends. One has to stand in a long queue to catch a glimpse of the beautiful Goddess here. The famous diamond nose-stud that she wears, has many stories behind it. The light from the diamond is believed to have caused many to be shipwrecked in the sea, as they would mistake it to be a lighthouse and come towards the shore. I was told that this was the reason why the east door of the temple was kept closed.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Wednesday, March 06, 2013

Fast developing luxury automobile segment in India

In an Exclusive Interview with Sanchit Verma, Dr. Wilfried Aulbur, the outgoing MD and CEO of Mercedes-Benz India reveals his insights into the Indian luxury Auto segment, making Mercedez the No. 1 luxury auto brand in India and the general dynamics of the fast developing luxury automobile segment in India

B&E: What role does India play in Mercedes- Benz’s global strategy?
WA:
Currently we are not even 1%, but if we look at the future, we will definitely grow in size over the next ten years or so. But at the end of day, the market share we are talking about is in very small volumes; we are talking about a difference of just a few hundred cars. So, what is more important for us is the brand leadership, value for money for our customers, and definitely profitable growth. It’s not that we don’t care about volume, but volume and profits has to go hand in hand.

B&E: You have spearheaded the company’s growth in India for around 5 years. What were the challenges you came across during these years?
WA:
In these 5 years we had several challenges to address. We surely witnessed the transition from monopolistic environment into an environment of intense competition, where we not only have the German players, but also the Jaguars and other global players. At the same time, we have also seen the market growing dramatically, providing great opportunities to us. That’s the reason, for which we are set to end the current fiscal with sale of 5,000 units and also to grow at a CAGR of about 30% over the next 5 years.

B&E: You just mentioned that Indian luxury car segment have now become a lot more competitive. Keeping that in mind, how are you planning to beat the heat of competition?
WA:
What I have always focused on is value for money. We have not gone into overtly aggressive discounting because at the end of the day we believe that the luxury car customers wants an experience and is willing to pay the money for that value. At present, we have a very good bottom line and as we go forward we are going to continue along these lines.

B&E: You started the truck business right from scratch in India. How tough or easy was it for you?
WA:
Yes, we entered the truck business from scratch wherein we established ourselves very successfully and maintained our philosophy of giving the best to our customers. We launched products, which were best in performance while we also ensured that our overall business system made sense. Business at the end of the day is a volume game, which in return gives you operating profit. In the truck business, we turned cash flow positive in our second year of our operations itself.

B&E: So, is this the end of your association with Mercedes-Benz?
WA:
Of course not. I am not going to go away from Mercedes-Benz India. Along with my team, I have been a part of tremendous development for the company over the last five years and we are sure that we will see similar development in the next five years as well. But, at this juncture of life, this opportunity was very interesting for me. That is why I have decided to part my way. It’s purely a professional decision that happens in one’s life sooner or later.

B&E: What are the developments that you see today as compared to the time when you came to India?
WA: 
Luckily, I have had the privilege of watching India over the last 16 years and this is a very important part of my decision to continue in India. If you look at the same and my assessment, I am extremely excited to see myself for the next 15 years in India too.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Saturday, February 09, 2013

The most recent BP Oil spill holocaust

John Hocevar, Oceans Campaign Director, Greenpeace USA, talks to B&E’s steven philip warner about the damage done and the consequences thereof of the most recent BP Oil spill holocaust

 B&E: There has been a lot of talk, especially with Obama promising a lot with green technologies. But nothing has happened that can be called a sweeping influence to the fuel consuming masses. Are we there yet?
JH:
President Obama has said that we need to end our addiction to oil, and to develop renewable energy sources like wind and solar. While this is a laudable goal, it is meaningless without action to back it up. Decisions are being made now which will have lasting impacts. But there are matters much more serious and threatening to consider using the thinking cap. For example, plans are still moving ahead to allow drilling in the Arctic in 2011. If we cannot even handle a spill in the Gulf of Mexico, where we are probably better prepared than anywhere else on earth, how can we deal with a spill in the remote, pristine waters of the Arctic, where the Coast Guard acknowledges they have no capacity to respond? Policies only make sense on ground. And if they are kept limited to just the coffee table, there is little that can help avert a second BP-like crisis or crises.

B&E: So what immediate step do you recommend to save the ecology?
JH:
We need an immediate ban on offshore drilling, and we must improve the safety of and ultimately begin phasing out existing wells.

B&E: But do you think this will go well with the oil companies?
JH:
Which right policy does? There will surely be objections.

B&E: You are quite known as a lover of ocean life. You must be keeping track of what the recent BP disaster has caused. How about an experience that you’d want to share?
JH :
I was at Grand Isle, Louisiana, one of the growing number of places unlucky enough to win a “heavily oiled” classification on the government maps tracking the disaster in the Gulf of Mexico. Despite BP’s efforts to keep it under wraps, we’re went there to document the impacts of the spill. Walking through Grand Isle State Park, we came across a tidal flat that was littered with tens of thousands of dead hermit crabs. It was a depressing scene, and took me all the way back to my first visit to the beach, over 35 years ago, when discovering hermit crabs at Rocky Neck State Park in Connecticut helped inspire a life-long love of the ocean. Now, I realise it can seem a little odd to wax poetically about hermit crabs when we’re talking about the biggest environmental disaster in North American history. Today, entire communities along the Gulf Coast are reeling, and many species – sea birds, turtles, and even a population of sperm whales – are being pushed to the brink of extinction. The problem is that it’s all connected. Hermit crabs are a bellwether for the health of the Gulf of Mexico. When the sediment fills up with oil, so do the shells of the hermit crabs, and they suffocate. So if all the hermit crabs on a beach die, it’s pretty safe to say that the entire top layer of sand is full of oil – and no longer able to sustain life other than bacteria. The true cost of oil really doesn’t end at the gaspump! We have to realise that.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

 

Friday, February 08, 2013

The legitimacy of the UNSC

West’s shifting of the goalpost on Iran and its disregard for the Turkey-Brazil brokered Nuclear Swap deal has jeopardised the legitimacy of the UNSC, says Saurabh Kumar Shahi

“Two confident and growing economic powers, from what the world once referred to as the ‘Third World’, have now asserted critical political sway on a prestigious global security question. Turkey and Brazil, thus, have signalled that Washington can no more unilaterally characterise conditions for managing such matters,” says Flynt Leverett, noted Washington based Iran analyst, while talking to B&E.

Therefore, the unfolding excitement of the deal and the knee-jerk reaction of the Obama regime to quickly move a draft sanctions resolution in the United Nations Security Council will have long-term consequences on the texture of international relations. For those who still question the viability or the possibility of the post-American world, the deal is a wake-up call. Also, by countering Brazil and Turkey’s astonishing diplomatic coup by an egotistical show of the Big-5’s power, the Obama regime has taken an itinerary that could not only inflict serious damage on America’s reputation but also on the legitimacy of the Security Council itself.

And as coming weeks will unfold, getting the P-5 to see a common ground on a considerably diluted and deficient draft resolution in UNSC is far easier than managing the mandatory nine assenting votes to pass it. In all probability, even though Washington is able to hammer in new rounds of sanctions through an extremely fractured and divided Security Council, the initiative will profoundly damage its credibility. By now, Turkish Prime Minister Erdogan has already started questioning the UNSC’s “credibility” to resolve Iranian impasse. And if the US torpedoes the TRR deal before giving it a chance, as it will do in all probability, expect Turkey and Brazil to dent UNSC’s legitimacy with a generous help from “non-aligned” nations. As it happens, NAM is not dead as of yet.

So, Secretary of State Hillary Clinton’s announcement of the text of new draft of sanctions before even officially going through the nitty-gritty of the TRR deal reflects extensive disrespect, to say the least, for Brazilian and Turkish diplomatic pains. But what has the US achieved? Merely a watered down text.

To bring the Russians and the Chinese on the table, the US had to drop any idea of a prohibition on fresh ventures or other ideas that could have hampered Iran’s capability to generate and export hydrocarbons.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Monday, February 04, 2013

3 days is all it took...

...to sell-off a fortune to a rookie named Apple!

“How about earning $1 million worth of my company’s equity for 3 days in your garden (that’s where you basically do your research!)... Deal?” What if your competitor proposes this to you? Great deal, isn’t it? Well, not really... Cut to 1979, officials at Xerox Corp., learnt this lesson the hard way. Xerox, under David Kearnes then, had allowed engineers from Apple Inc. to learn the Graphical User Interface technology (GUI) during a 3-day learning session at Xerox’s Palo Alto Research Center, for a consideration of $1 million in Apple’s pre-IPO stocks. What followed shocked Xerox. Apple’s engineers soon launched a GUI-clad personal computer named ‘Apple Lisa’, arguably the first hit product from Apple! Jobs’ foresightedness for the technology and Xerox’s myopia, gave Apple the much needed lead in this regard. “When a company is new and small, it doesn’t seem like a giant competitive threat, so doing deals with it is not important enough for anyone to pay attention to. These companies become large competitors and the deals that were done years ago, which made sense back then, don’t make sense anymore,” supports Jeff Kagan, a Tech analyst. Well, the GUI technology today forms a part & parcel of every major OS in the world.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Tuesday, January 22, 2013

Obama moves in fast to repair the Middle East

Mere rhetoric can fall flat unless Obama moves in fast to repair the Middle East

Middle Eastern people’s analysis of US policy will not be transformed merely by a triumph for Barack Obama. Rather, they want to see no-nonsense steps by him to end the occupation of their land. The Palestine question will be the gravest challenge. If a sovereign Palestinian state with Beit-ul-Moqaddas (Jerusalem) as its capital is not created, the state of affairs in the region will beyond doubt deteriorate.

“In the newfangled circumstances, where the US has seen a change in control, a new chance has been made available to US officials to modify their approach toward Iran,” said Hossein Alai. Alai also believes the US has viewed Iran as a “problem” which is the root cause of all recent crises between the two nations. If Barack Obama modifies this outlook and recognises Iran as a strategically and politically significant country, then there will be a scene for establishing a credible Tehran-Washington dialogue.

Evidently, Barack Obama has a lofty order. He devices to recover “America’s moral stature in the world” with one of the first things on his “to do list” being the shutting down of Guantanamo Bay and a stop to military torture. Furthermore, over the years, he has damned America’s entrance into Iraq and promoted a speedy pulling out of US troops. These moves can’t come almost immediately; but first, he must defy pressure from the old guard and the more hawkish of his advisers to walk with prudence. This new broom desires not only to sweep up clean but must also be open-minded in the exercise of strong antiseptic before we can even start to pardon the infringements of human rights committed by his precursor.

First, he has to abandon the ludicrous, hollow term “war on terror” as well as the guiding principles that draw from it, which have prompted militant radicalism rather than eliminating it. Instead, he must learn terrorism’s pedigree and how best to soothe anti-American/anti-Western emotion through discourse and cultural exchange. He can start off by instructing his border guards to behave reverently to all visitors to the US, especially those with Muslim names.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

Wednesday, January 16, 2013

RUSSIAN DIPLOMACY: ROLE OF ORTHODOX CHURCH

Is it the Orthodox Church that Putin is using in his new diplomacy?

There are three sects predominantly in Ukraine; Kiev patriarchate with 50.4% followers, which is predominant in the Western part of the country backed by the President, Yushchenko. The Moscow patriarch is another with 26.1% having enough support of Russian government.

Finally, the Ukrainian Autocephalous Orthodox Church with 7.2%. This demographic picture is giving substantial support to Patriarch Kirill to put forward the Russian political agendas.

For the Russian polity, some of Kirill’s recent initiatives have been witness to clear political cognizance. His recent statement that it’s very important to increase Russian speaking presence in EU bodies was one of his first political remarks as Patriarch; interestingly, this statement garnered enough support in the Russian polity. But what separates him from his quite normal predecessors is that fact that he is the first Russian Patriarch in known history to consider himself as the universal patriarch for the world in the Christian Orthodox faith. That is quite a gargantuan consideration, given the expanse he is trying to address. But as his Ukraine trip showed, he is not without his stable followers. Kirill is also trying to strengthen the current weak relation with Georgia. In addition, his recent statement that “there are no conflicts, even most cruel, [and] no human hostility that could ever destroy the church unity, including the unity between the Russian and Georgian Churches” caught the attention of the intellectual Georgian community. Common Georgians look forward to Kirill’s visit more positively in Georgia now more than ever. Kirill’s further attention to control food consumption for joy and save the world from ruin has increased his general popularity and exemplified his knowledge in world economics. His speech in Crimea to thousands of people including Russian and Ukrainian navy personnel urging them for a peaceful cooperation was meaningful. He said, “Keep the Orthodox faith! Keeping the faith means not only attending church but building good relations with people,” more broadly between Ukrainians and Russians. 


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

Monday, January 14, 2013

“Consumers trust maruti”

Shinzo Nakanishi, MD, Maruti Suzuki

B&E: In your view, which all factors played a major role in empowering Maruti Suzuki to save the grace of its bottomline in the last fiscal when almost all the other automakers were on their knees?

SN:
In times of a slowdown, people do not want to take any risk. They prefer purchasing brands on which they have full trust; and in the automotive market Maruti Suzuki comes on the top on those grounds. Moreover, we saw the slowdown coming in the urban areas of the country and we moved rather aggressively into the rural and the semi-urban market, which helped a lot to cope up with the slowdown.

B&E: Your expectations from the ‘new’ government?

SN:
The previous government helped a lot to deal with the dull phase in the automotive market, be it the excise cut or petrol price going down; the government surely helped many players to sustain in the second half of 2008. If the government can again provide more help, everyone will be more than happy.

B&E: Honda & Mahindra have tried their hands in hybrids, is Maruti Suzuki planning a hybrid for India?

SN:
If Maruti Suzuki will bring a hybrid in India it will be through Suzuki Motor Corporation, Japan. The current hybrid that Suzuki has is a big car, but they are working on developing a small hybrid for the Indian market.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)