Showing posts with label Management Guru. Show all posts
Showing posts with label Management Guru. Show all posts

Monday, May 03, 2010

Family ties unearthed!

What’s common between Madonna and Ellen DeGeneres? One is a dancer, the other likes to dance; one is a legendary pop singer while the other is a judge at the “American Idol”. Closer scrutiny reveals that the two were born in the same year and both of them have also penned books. Genealogy researchers at Ancestry.com though have come up with the most shocking connection between the two yet – Martin Aucoin, their 10th great grandfather! That’s right Madonna and Ellen are 11th cousins! Martin’s two daughters apparently left France and settled in Nova Scotia, and while Ellen’s family left Canada in late 1700s, Madonna’s family relocated in late 1870s. Wonder if others in this family tree are equally talented…

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IIPM Editorial, 2009


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

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Thursday, April 08, 2010

Drive-in beach

The importance of Wayanad does not end in its natural splendour. There are a number of historic and ecological spots. Wayanad has a past that stretches back to the Stone Age. The Edakkal Cave can be spotted in the pre-historic map of the world for its pre-historic rock etchings. It is a where historians, anthropologists and archaeologists from all over the world flock to. The different sets of petro glyphs found on the caves here are supposed to be date more than 5000 years back.

Sulthan Bathery or Sultans Battery, a small town in Wayanad, is another centre of tourism. It got its present name from Tipu Sultan of Mysore who attacked and took into custody the Jain Temple and used it as his battery in the 18th century.

Thirunelli temple at the foothills of Brahmagiri, Ananthanantha Swami temple at Puliyarmala, Sreemahaganapathy temple and Pallikkunnu Church are famous centres in Wayanad. Pookkode Lake is another attraction near Lakkidi. The Chempara Peak, Banasura Sagar Dam, Kuruva Dweep (island), Soochipara, Kanthapara Meenmutty waterfalls in Meppadi-Ambalavayal offer a wide range of varied experiences. Pakshipathalam, the place located about 1740 meters above sea level, is a habitat of a variety of birds. It is a good trekking spot too.

Kabani River is the lifeline of Wayanad with its tributaries Kalindi, Mananthavadi and Panamaram.

Compared with other districts of Kerala, the demographic structure of Wayanad is very unique. Thirty six per cent of Adivasis in the state live here. They consist of Paniyas, Adiyas, Ooralis, Kurumas and Kattunaykkans. The Jains came here from Karnataka in the 13th century. Hindu upper caste Nairs came here in the 14th century and established their feudal system. Then came the Muslims. In 1950s, Christian migrants from the southern districts started the plantation culture in Wayanad.

The district is connected with the neighbouring towns by a number of good roads. The Calicut-Mysore National Highway 212 cuts through through the middle of the district. If you are lucky, you may spot elephants on the highway too.
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Source :
IIPM Editorial, 2009


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

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Outlook Magazine money editor quits
Don't trust the Indian Media!

Thursday, March 18, 2010

UKRAINE: POLITICS

Talking to TSI, noted Russian-Ukrainian affairs expert, Alexey Sazonov, said, “Yuschenko’s policies were excessively jingoistic and in several respects drastically against its eastern neighbour. The incumbent, in contrast, appears to have a well balanced schema that seeks to perk up the lives of Ukrainian citizens.”

Russian Prime Minister Vladimir Putin last week called for closer economic ties with Kiev while meeting with Yanukovych in Moscow. “We know in engineering, aviation, energy and agricultural spheres we strongly depend on each other. We have a lot of lost ground, to recover” Putin was reported to have said.

Trade volume between Russia and Ukraine wilted by more than 40 percent in the previous financial year due to the global meltdown. Putin proposed that the two former Soviet neighbours build joint ventures, including in the power sector, in third countries. He also called Ukraine to be part of an existing customs union comprising Russia, Belarus and Kazakhstan. Earlier, Yanukovych also met with Russian President Dmitry Medvedev in the Kremlin, pledging to perk up bilateral associations.

Relations between Kremlin and Kiev deteriorated over many differences ranging from Ukraine’s bid for NATO membership to gas supply.

He also said Moscow and Kiev would carry on deliberations on the prospect of Russia’s Black Sea Fleet base on the Crimean Peninsula. “We agreed... that all consultations based on the current agreements, which were signed in 1997, would continue,” Medvedev added. Yushchenko, on his part, had maintained that Russia would have to look for a fresh main base for its Black Sea Fleet once the present contract runs out in 2017.

Ukraine has faced numerous troubles in the past few decades. Poverty, crime, felony and rising disapproval with the political class are just a few of the problems gnawing away at this nation. Yanukovych’s look inside policy will mercifully solve a few of them. Another cause for optimism is that there are only two prominent parties left in the fray. Such dual-party systems have been victorious at creating even-handed political systems. The fact that there exists apparent disagreements between one party that is conservative (Yuschenko) and another that is more liberal (Yanukovich) augurs well for Ukraine's evolution.
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IIPM Editorial, 2009


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

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Outlook Magazine money editor quits
Don't trust the Indian Media!

Friday, March 12, 2010

long-term political gains

While Trinamool Congress and DMK had bought the logic then, they came out openly against the decision once the recommendations were implemented. They were in favour of reduction of service tax and excise duty. The fuel price hike will affect their two core groups, farmers and the middle class. While the former will be affected by the rise in the price of diesel, the increase in transportation costs will hit the latter. Transportation cost escalation might fuel a further rise in the prices of essential commodities.

Talking to TSI, Trinamool leader Dinesh Trivedi said that while the railway minister kept diesel transportation out of the ambit of service tax, the finance minister failed to do his bit. This, according to Trivedi, was not in accordance with the sentiments of the allies.

The same goes for DMK, whose leader and Tamil Nadu CM M. Karunanidhi shot a letter to the PM merely three hours after the Budget was presented. A. Raja, Union communications minister, wasted no time in personally delivering it to the PMO.

DMK is peeved as it could find itself on sticky ground in the Assembly elections due next year. However, sources claim that there is another reason behind this response. The PMO is apparently not happy with M.K. Alagiri and the way he runs his ministry. He has been told so in as many words by the PMO, but he has refused to mend his ways. DMK is now using this issue to settle scores and ensure that Alagiri remains a part of the ministry.

This was also the first time in India‘s parliamentary history that the entire Opposition staged a walkout in the middle of the Budget presentation. There were two flanks that were particularly active. The command of the UPA allies was with Mulayam Singh while the united Opposition was spearheaded by leader of the Opposition in the Lok Sabha, Sushma Swaraj. Swaraj had called a joint meeting of the Opposition in the office of the BJP parliamentary party prior to the Budget session. All matters related to floor coordination were discussed there. It was decided how, and when, the Opposition would corner the government over the price rise issue. It was also decided that some Opposition parties such as JD(U) would raise the matter of corruption and then the entire Opposition would walk out of the House.

From the government side, parliamentary affairs minister Pawan Bansal was in total command. He had personally called Mulayam and Lalu to request that if at all they plan to protest against the move by the government, they should do so in a way that would not unduly embarrass the government. However, Lalu, for own sweet reasons, not only came out openly to support the allegations levelled by Swaraj but also made it amply clear that his party would support the Opposition in the mass movement against price rise.
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Source :
IIPM Editorial, 2009


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

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Outlook Magazine money editor quits
Don't trust the Indian Media!

Wednesday, February 24, 2010

Resilient few who could beat the matrix

Coming back to Gladwell’s 10,000 hour rule, ergo, does it mean that the older your company’s existence, the more guaranteed your position is in the B&E Power 100 ranking? When Fortune magazine released its Fortune 500 list last year, iconic management guru Jim Collins, author of the cult book Good To Great, wrote in the cover story, “We live in an era of flux, where nothing can be built to last... In an era of turmoil, corporate stars will rise and fall. Of the 500 companies that appeared in the Fortune 500 list in 1955, only 71 find a place in the 2008 list! 2000 other companies have made it to the list and most are long gone from it...” We believed India Inc. was and is more resilient. We believed companies that are profitable in India, would more or less remain relatively similarly ranked in B&E Power 100 lists as years go by.

We were sure the Collins’ hypothesis would not apply to Indian companies. When the B&E Power 100 list came out for the year 2009, we realized how wrong we were. Out of the 100 companies that were there in our 2008 list, less than 80 find their way in the 2009 list – a churn of more than 20% for the last year. Yes, there are companies like Satyam that featured in our previous list and have not made it through the current one (for reasons other than losses; they’ve yet not released their results). But those are companies like MTNL, Biocon, Suzlon, Jubilant, Birla Corporation, DSP Merrill Lynch and more which, with their dropping out, prove that the Collins’ rule holds even across continents. In fact, the number one company on our current list, ONGC, is a brand new entrant (last year, the company couldn’t make it as it had not declared its results).

Be that as it may, a decade down, perhaps, we would find the resilient few who could beat the matrix at its own game. Perhaps, we would have case studies to show to the rest of the world on how to take the jump from the good to the greatest. Perhaps we would be able to finally corner the code that makes up the essence of an outlier. One day perhaps... For now, you have our smashing B&E Power 100 list, the only and exclusive ranking of the most profitable corporations India has to offer!!!
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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Thursday, January 28, 2010

Legacies of the titans

And what do we get after we do some number crunching? In the fiscal year ending March 2005, net sales of ICICI Bank were a little more than three times the net sales of HDFC. By March 2009, the difference in net sales was still three times. So you could say that the growth engine being run by Kamath in the form of ICICI had continued to outpace the more solid pace maintained by HDFC under Parekh. But wait. Between March 2008 and March 2009, growth in net sales for ICICI was virtually zero. In the same period, net sales at HDFC grew by more than 20%. In the fiscal year ended March 2005, profit after tax at ICICI was about 18% of net sales while it was about 30% for HDFC. By March end 2009, the balance sheets of both the entities were adversely affected by the meltdown. Profit after tax at HDFC was down by a little more than 20%; at ICICI, it had plummeted by about 12%. Not surprisingly, the markets also seem to think that HDFC is a better bet at the moment. The PE ratio of HDFC is hovering around 19 while that for ICICI is considerably lower at about 10. The market cap to sales ratio at HDFC is a respectable 3.5 while it is less than one in the case of ICICI. The real reasons for this current thumbs down to ICICI are easy to discern. In the fiscal year ended March 2005, ICICI delivered a return on net worth of about 14.5% while HDFC delivered a little more than 30%. After the meltdown, by end March 2009, the figure for HDFC was 18.2% while that for ICICI had crashed to about 7.8%.

In early 2008, when it appeared to most that the bubble will never burst, Business & Economy did a cover story with a headline “Aggression pays; Aggression Slays”. One of the case studies was an analysis of how far ICICI could go with its aggressive growth strategy. Now we know. Says Ashok Jainani, Vice President, Research & Market Strategy at Khandwala Securities, “ICICI has been more aggressive and tried to adopt the banking culture prevailing in large foreign banks. Perhaps that is why ICICI is now reversing some of its strategies. Under Chanda Kochhar, they are trying to consolidate themselves, moving out of the exaggerated aggressiveness that they showed over the last few years.”
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Source :
IIPM Editorial, 2009


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

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Thursday, January 21, 2010

Gujarat will pitch in with 130 MW and Rajasthan with 110 MW

Gujarat will pitch in with 130 MW and Rajasthan with 110 MW. The Centre will allocate the projects to the states on January 11. Chowdhury told TSI that the state will promote rooftop solar panels in a big way. So much so, that five MW of the state’s targeted output will come from rooftop solar power panels itself. The rest, he said, will be generated over large swathes of land statewide. He also said the generated power will fetch a tariff of between Rs 15 and Rs 17 per unit. He added that the NTPC’s newly created company, Bidyut Vapyar Nigam Ltd, will buy that power and push it into the national grid. In fact, it was acclaimed film director and former Rajya Sabha MP Mrinal Sen who is said to have shown the way. As an MP, he had donated a part of his MPLAD Fund for setting up of India’s first Energy Park. This has not only demonstrated ways of generating alternative and green energy but also shown alternatives like pump storage or even producing energy through paddle power.

Speaking to TSI, Sen said, “Being inspired by then power minister Sankar Sen’s initiative, I first donated some amount of money for setting up a solar power plant at a remote village of Birbhum district. That charged me and I donated the entire amount in three installments to the minister and Chowdhury for that Energy Park." He added, “MPs should allocate their MPLAD funds for such projects instead of misusing them." West Bengal plans to set up a dedicated hub at Andal in Burdwan district to manufacture components for solar energy units. Spread over 100 acres, it is likely to attract an investment of Rs 1000 crore by 2013. “Four companies are already generating power under this project,” Gon Chowdhury told TSI.
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IIPM Editorial, 2009

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

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Monday, January 18, 2010

A Dynasty Spent

In Pakistan Chowk, Karachi, the once famous akhara of the Bholu brothers is now a gymnasium for youth wishing to beef up. Outside, Wasim Tara, a wrestler from the yesteryears, is engaged in dressing the fractured leg of a woman. Whatever happened to wrestling?

Traditional wrestling or Pahalwani had its most famous practioner and proponent in Rustam-e-Zaman Gama Pahalwan. The legendary strongman who remained undefeated in his career of over 50 years in undivided India and abroad, his strength(s) were soon those of his sons, the famed Bholu Pahalwan brothers. Today, however, the familial as well as cultural heritage of this sport, considered sacred by its patrons – a world away from the evils of modern-day steroids and supplements – is shrinking, as Nasir Bholu, grandson of The Great Gama, and son of Bholu Pahalwan points out. This third generation wrestler laments how the Gama kin are reduced to running a gymnasium in Karachi, or living off the local custom of getting medical dressing done by pahalwans.

TSI: When did you start your wrestling career?

Nasir Bholu (NB): It started in 1976 when I was 15. The famous Japanese wrestler Anoki was in Pakistan along with a team of wrestlers. I fought with one of the wrestlers accompanying him and won the bout.

TSI: When did your family migrate to Pakistan?

NB: My father Bholu Pahalwan was born in Amritsar. In India, the Maharaja of Indore and Maharaja of Baroda encouraged wrestling a lot. My father migrated to Pakistan in 1947 and during the early years, we received a lot of encouragement from the Pakistan government too.

TSI: Why is the tradition of local wrestling losing out in Pakistan?

NB: Wrestling is a very costly affair. Previous governments encouraged wrestling and people in general were emotionally involved in it.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Friday, January 15, 2010

Arjun Singh’s days of glory are finally over

This has further weakened Singh’s position and his electorate is only too well aware of it, though it continues to respect the Singh family name. In 1952, Arjun Singh’s father Raja Shiv Bahadur Singh, was the official Congress candidate but the then PM Jawahar Lal Nehru campaigned against him on corruption charges. To uphold the family name in 1947, Arjun Singh fought as an Independent from Churhut and entered the Vidhan Sabha as a 27-year-old. Barring a short period when he was with the Tiwari Congress, Singh has spent 50 years with the Congress active both at the state and national levels. He was CM of MP thrice and central minister many times over. The locals acknowledge him as the biggest leader of the Vindyas but are quick to add that he has neglected the area.

In Sidhi, Satna and Reeva, the loss of faith is tangible. In 1980 when he became CM for the first time a Dalda factory came up in Churhat, a cement factory in Baghwar and a khandsari mill, all of which lie closed while the BJP and the Congress trade charges.

The BJP MLA, Kedarnath Shukla from Seedhi reasons:” If Arjun Singh was that big a leader all seats would have gone to his party. But that never happened. The fall of the Samajwadis helped him rise. His rise was a result of circumstances. For years he was minister for education and health. In both these areas, we continue to be laggards”.

It is not that Singh does not have his supporters, at Saadha, Kalyan Singh says, “He got us a degree college and factories.” Shankar Bahadur Singh of the same village says: “Earlier people were more accepting of failure. Not so now.” There is praise for Singh’s son Ajay who helps people personally.

The tribals are unhappy. At Kapoori village Mangal Molai says, “I don’t have a job card as hundreds of others. We don’t even have disability certificates. The Churhut college runs under a tin shade. The roads are pitiable.”

Satna’s former Congress MLA, Arun Pratap Singh, says: “Arjun Singh helped many people in the area but never took anyone with him.” Another former MLA Ramashray Prasad Singh says: “He was interested in promoting only his own family. That was his undoing.” The district’s Congress president says, “Things were different earlier. There was a lack of opposition. Now the backwardness coupled with a vibrant opposition is eroding faith in Arjun Singh. Even his son is unable to capitalise on his name.”

But the master politician that he is, on November 14, Arjun Singh distributed watches, shawls and certificates to 2,500 old Congressman and used the occasion to declare: we are not a political dynasty.”

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IIPM Editorial, 2009


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

Monday, January 11, 2010

Wrong medicine

Sending more troops not enough

Obama has recently announced that he will send additional NATO troops to Afghanistan to stabilize the situation. However, troops cannot solve the larger issues faced by Afghanistan.

The major stumbling block is corruption, where the enemy is ironically far better placed. To fight corruption in its ranks, the Taliban has set up its own anti-corruption committees in 33 provinces. It also runs its own courts, which are known for quick justice without the need to pay bribes. The US is trying to win over mid-level Taliban commanders with lucrative job offers and offering them good money, which is, to a large extent, not working! In comparison, the Afghan military is hopelessly incompetent, ill-equipped and highly corrupt. Afghanistan supplies over 90% of the world’s opium and heroin, which brings in billions in revenue each year. So much so that even the US Drug Enforcement Administration reports, “Heroin is more valuable than oil. Example: A ton of crude oil costs less than $290 - but a ton of heroin cost $67 million in Europe; and a ton of heroin in New York cost between $300-$900 million.” The warlords of the region are facilitating the whole trade.

President Hamid Karzai has stressed on ending “the culture of impunity and violations of law.” Opposition leader Dr.Abdullah has blamed overseas interests for the malaise, as he comments, “For that sort of corruption, it’s the international community that also shares responsibility with us.” To contend with the growing Talibanism in 2001, the US had turned to these warlords for help. Even today, NATO still has to rely on some of them for security in the provinces. According to American officers in Afghanistan, tribals will gladly take money and assure the eradication of insurgents without taking up arms. But the resulting corruption is going to stand in the way of all attempts to bring long term stability to Afghanistan. If Obama is serious about saving Afghanistan, he needs to tackle this parallel economy at the earliest. Soldiers simply cannot win this war.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Thursday, December 24, 2009

A Warm Embrace

Think USA and the mind is filled with images of a bustling commercial city of New York or a glittering party hub like Las Vegas; and undeniably, such a picture holds true for most places in the US, a country known for its fast-paced life. But this notion changes the moment one steps into Nashville, a scenic haven nestled away from the hustle-bustle of the superpower of the world.

Capital of Tennessee, Nashville is known as the most populous city in this state after Memphis. But while watching the sprawling landscape – the surrounding mountains and the lush greenery – during the long drive from the airport to my place of stay hardly gave me the feeling of being in a densely populated place. I’d known Nashville to be a major hub of music, so on the very first day I decided to explore the famous music haunts – The Country Music Hall of Fame Museum and Ryman Auditorium called the ‘Mother Church of Country Music’. And although I’m no connoisseur of music, not even someone who has an average understanding of different genres of music, I was still enamoured. A music lover would definitely kowtow to this city, which has given country music, Christian pop music and jazz the popularity these music forms enjoy.

Nashville is the best place in the US to catch up on a book at the many parks, which offer peace and quiet. I’d certainly recommend to all visitors to take out time from exploring the city for a relaxing stroll at these parks. And at one of many such walks, I was lucky to befriend a resident who happily showed me the architectural beauty, the Parthenon, in the city’s Centennial Park, which despite being an exact replica of the Greek Parthenon, left me gaping at it in awe. Evenings are the best time to visit the downtown area, and even if you have no company, just observing the locals is quite an experience. Usually quiet, the downtown evenings can take one by surprise. With celebration written all over, you could shop till you drop at the numerous shopping arcades, endlessly binge till you cringe at the sight of food, or get yourself a drink and let your hair down at the city’s vivacious night clubs. After a dazzling downtown experience, at the break of dawn, you could chose to visit the park on the Old Hickory Lake where the crimson rays beam down through the tree branches…

A trip to Nashville is incomplete without a visit to the Nashville Zoo where one can spend an entire day. Being an adventure seeker, I found my hub – Nashville Shores, which has exciting water rides and lovely white sand beaches. And after a day of screaming my lungs out at the water rides, I enjoyed some quiet time fishing and watching the sun set at the Percy Priest Lake… and that being the last day of my visit, I’d always remember Nashville as a beautiful getaway from the commercial, cacophonic USA

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009


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

Friday, November 13, 2009

COMMISSIONS & OMISSIONS

Every time riots erupt governments set up commissions of inquiry, which often take years to submit their reports. But neither are they ever made public, nor are the culprits punished. Raju Kumar on the politics of setting up probe panels

The stock response of Indian governments to a riot or scam is to set up an inquiry commission, which dutifully submits its report – and the governments, equally dutifully, sit on them till the matter is all but forgotten. If these commissions help anyone, it is the retired judges who find employment. Also, mostly there is no time frame; and if there is it is ignored by commission heads who consider themselves at liberty to stretch the probe for as long as they need the job. Indeed an entire new establishment is created at the taxpayers’ expense. And the outcome, as all know, is generally zero. Under political and other pressures the probe panels’ recommendations are willfully pushed under the carpet, and the punishments doled out are obscenely disproportionate to the crimes committed.

The Liberhan Commission, set up on December 16, 1992 under the chairmanship of Justice MS Liberhan to probe the demolition of the Babri Mosque in Ayodhya, was told to submit its report within three months. But the duration was extended 48 times, and the report was finally presented only last month – after 17 years of investigation. The demolition of the Babri Mosque had provoked communal riots not only in India, but also Pakistan and Bangladesh, claiming hundreds of lives. But ruling governments suppressed the reports, saying these were of dubious value. In the case of the Liberhan Commission too, indications are that the government will take no action, even though the report contains the names of some prominent BJP leaders. There will also be no surprise if the report is not tabled in Parliament. Remember the Srikrishna Commission report? Or the one on the anti-Sikh riots of 1984? As for the victims, most know that the recommendations will not be implemented – the main reason why such probes evoke so little public interest.

The Congress condemned the report of the Justice GT Nanawati Commission set up by the Gujarat government to probe the 2002 pogrom. The UC Banerjee Commission constituted by Lalu Prasad Yadav was declared biased by the Bharatiya Janata Party. So just who is speaking the truth and who could be lying? According to the Nanawati Commission the fire that had broken out in the Sabarmati Express at Godhra station was pre-planned, while the Banerjee Commission described it as an accident.

Over 1,500 people were killed and 1,829 injured in the Mumbai riots of December 1992 and January 1993. Yet even though the Srikrishna Commission submitted its report in 1998 the victims are still to get justice. The Shiv Sena government first tried to shelve the report; then, playing the communal card, it proceeded to malign the upright judge.

In the Nellie massacre of Assam that took place in February 18, 1983 some 1,800 allegedly illegal migrant Muslims were killed. (Unofficial figures had put the toll at 3,300). The Tribhuvan Prasad Tiwari Commission that was set up a year later to probe the carnage put the death toll at 661, and said only 143 of them were eventually identified. The relief offered was a paltry Rs 5,000 per victim, Rs 5,000 each for reconstructing the destroyed houses and Rs 500 each for the families that lost their milch cattle. Yet while 688 cases were filed at the Jagiroad police station, all were finally dropped and no arrests were ever made. The specious argument offered was that this would raise tensions further.

On April 1, 1993 Bhatkal Taluk in the Uttara Kannada district had flared up following rumours that stones were hurled at the chariot procession during Ramnavami. Periodic riots continued over the next six months. The Justice Kedambady Jagannath Shetty Commission set up to probe the disturbances made 17 recommendations in 1997, and said Dawood Ibrahim had played a role in fomenting them. Yet what happened? The Justice Nanawati Commission that probed the anti-Sikh riots of 1984 was set up after the government found itself under pressure from civil society to nail the culprits. Constituted on May 8, 2000, and a successor of the Justice Rangnath Commission, it had come out with damaging revelations against Congress leaders like Jagdish Tytler and Sajjan Kumar. But the CBI gave clean chits to both just before the last parliamentary elections. Indeed, even the Congress thought nothing about giving tickets to them. It was only after the Sikh community protested that they were dumped. And of course none of the culprits has been penalised so far.

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Source :
IIPM Editorial, 2009


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



Friday, October 30, 2009

Abandoned by vedanta

BALCO washes its hands of the chimney accident

The Vedanta Group that has 49% of stake in BALCO is trying to wash its hands of the Chhattisgarh BALCO chimney accident in which 41 labourers from Bihar and West Bengal had perished.

Instead of compensating the workers the Group is desperate to sell its share. Shockingly, during its talks with Mining Secretary Sheila Nair the Vedanta officials did not even mention the accident.

This infuriated the Minister for Coal BK Handique so much that he told the officials that no talks would be entertained until the labourers are compensated and rehabilitated. Even one month after the incident, only one man has been held. And the group is yet to take responsibility for the tragedy. The slow pace of the probe raises several questions. Experts who visited the site say the poor quality of construction materials led to the disaster.

The 248-metre chimney was part of the extension project that was being carried out to facilitate the 1,200 MW power plant. The initial probe confirms that the chimney collapsed because of piling failure and use of sub-standard construction material. District Collector Ashok Agarwal says: “When I picked up the debris and crushed it with my bare hands, it crumbled like sand.”

Building experts point out that the site of construction was earlier a swamp and proper care was not taken while laying the foundation. Besides, the project manager and quality control head of BALCO rarely visited the site. BK Sharma, general secretary of the Workers’ Union, told TSI that his efforts to draw the officials’ attention to the irregularities were ignored. Engineers who have first hand experience in the construction of such chimney maintain that such structures are erected phase-wise. They cite a chimney made by L&T in the area. But all the evidence are not enough to convince the BALCO officials, who continue to insist that direct strike of the thunderbolt lead to the collapse of the chimney. However, experts blame the bad quality of Reinforcement Bars provided by Chinese company for the disaster.

The callousness of the officials dismays them. The Assistance Labour Commissioner has no idea as to how many labourers were on duty at the time of accident. Passing the buck seems to be the game. BALCO says it outsourced the project to GDCL-Gannon Dunkerley & Co Ltd and therefore the onus lies on them.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Tuesday, October 27, 2009

V. Belinsky to Nikolai Gogol

Gogol once published a weird leaflet titled “Selected Excerpts from Correspondence with Friends” in which he eulogised the tradition of serfdom, wrote deferentially of the idyllic Russian peasant for his senseless timidity towards custom and authority and said that he considered the Tsar as the representative of the God on globe, whose solitary liability was to uphold the sanctified status-quo. True to form the Left-wing progressive scholars and critics were appalled by this tract. The most famed refutation came from the radical critic Vissarion Belinsky who wrote the following letter chastising him for reneging on his obligations as a dedicated author.

Salzbrunn, July 15, 1847

Dear Nikolai

You are only partly right in regarding my article as that of an angered man: that epithet is too mild and inadequate to express the state to which I was reduced on reading your book. But you are entirely wrong in ascribing that state to your indeed none too flattering references to the admirers of your talent. No, there was a more important reason for this. One could endure an outraged sense of self-esteem, and I should have had sense enough to let the matter pass in silence were that the whole gist of the matter; but one cannot endure an outraged sense of truth and human dignity; one cannot keep silent when lies and immorality are preached as truth and virtue under the guise of religion and the protection of the knout. Yes, I loved you with all the passion with which a man, bound by ties of blood to his native country, can love its hope, its honour, and its glory, one of its great leaders on the path toward consciousness, development, and progress. And you had sound reason for losing your equanimity at least momentarily when you forfeited that love.

I say that not because I believe my love to be an adequate reward for a great talent, but because I do not represent a single person in this respect but a multitude of men, most of whom neither you nor I have ever set eyes on, and who, in their turn, has never set eyes on you. I find myself at a loss to give you an adequate idea of the indignation your book has aroused in all noble hearts, and of the wild shouts of joy that were set up on its appearance by all your enemies, both the non-literary – the Chichikovs, the Nozdrevs, and the mayors...and by the literary, whose names are well known to you.

And it is nobody’s fault but your own if everyone (except the few who must be seen and known in order not to derive pleasure from their approval) received it as an ingenious but all too unceremonious artifice for achieving a purely earthly aim by celestial means. Nor is that in any way surprising; what is surprising is that you find it surprising. I believe that is so because your profound knowledge of Russia is only that of an artist, but not of a thinker, whose role you have so ineffectually tried to play in your fantastic book. Not that you are not a thinker, but that you have been accustomed for so many years to look at Russia from your beautiful far-away; and who does not know that there is nothing easier than seeing things from a distance the way we want to see them; for in that beautiful far-away you live a life that is entirely alien to it; you live in and within yourself or within a circle of the same mentality as your own that is powerless to resist your influence on it. Therefore you failed to realize that Russia sees her salvation not in mysticism or asceticism or pietism, but in the successes of civilization, enlightenment, and humanity.

Such are the problems that prey on the mind of Russia in her apathetic slumber! And at such a time a great writer, whose astonishingly artistic and deeply truthful works have so powerfully contributed toward Russia’s awareness of herself, enabling her as they did to take a look at herself as though in a mirror – publishes a book in which he teaches the barbarian landowner to make still greater profits out of the peasants and to abuse them still more in the name of Christ and Church....And would you expect me not to become indignant?... Why, if you had made an attempt on my life I could not have hated you more than I do for these disgraceful lines....

Regards

V. G. Belinsky

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, October 14, 2009

Kapil dev - The hurricane of Indian Cricket

One of the greatest all rounder India has ever produced, he is the man who brought India’s first and last ODI World Cup. Standing on the Lord's balcony with the Prudential Cup, he showed to the world what India was capable of. ‘Paaji’ of Indian cricket gave an entirely new dimension to the sport. It is only because of him we see a brigade of fast bowlers emerging from every nook and corner of this country. Of course, how our IPL stars can forget this gentleman? He came up with ICL. To counter that move, BCCI came up with IPL. Thanks ‘paaji!'

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2009
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Wednesday, January 28, 2009

Social networks - ::IIPM-NEWS::

Clearly, if blogs spelt the beginning of the end, turning Guttenberg economics on its head and exploding the myth of consumers as mere spectators, social networks are only too happy to pick up where blogs finish, virtually ending the reign of ivory tower marketers. Statistics prove that next to email, social networking sites are the most visited user platform on the World Wide Web. Give in to number crunching and just the top 10 social networking sites globally cross a cool 600 million members. And it’s not just traditional media that is feeling the pinch from these do-it-yourself publishing tools, marketers, whether political, social or business are gradually abandoning their earlier mass-market approach to follow their target consumers into their preferred leisure space.

At the time of going to press, the US Election results had just thundered in with a historic mandate. Barack Obama had become the 44th US President and the first African-American to make it to the White House. Among others, Obama’s crack team of intelligence and marketing gurus must’ve also thanked Facebook, MySpace and YouTube, all of which allowed Obama to gain massive popularity and acceptance among American youth. According to an assessment by web strategy analyst, Jeremiah Owyang, on the eve of going to polls, Obama had a 380% lead over McCain in his social media campaign on the portal with about 2,379,102 registered supporters; while McCain languished behind with 620,359 supporters. A similar story was true for even MySpace. On the video uploading community network of YouTube, Obama had uploaded 1792 videos since 2006 while McCain uploaded only 329 videos. Obama had 905% more viewers than McCain on the website. Clearly, this was a historic election, given the first time ever heavy strategic usage of social media in the campaign game.

So whether it’s Mini USA (the American branch of BMW’s Mini Cooper) that routinely tracks everything being said about its brand on online social networks; or the 50 selected executives at Hewlett-Packard’s corporate office in Palo Alto who log into their individual blogs every morning to catch the ongoing online conversation about each of their product lines; the online social community is changing the dynamics of companies around the world, and also in India. Only difference is that while in the US, the networks of choice remain MySpace and Facebook and the choice hinges around Bebo (AOL) and MySpace in the UK, in India, the most popular connectors are Google’s Orkut, followed by Facebook. The money-spinning mathematics of social networking platforms has coerced even big Indian businesses to start taking the game seriously. Anil Ambani’s BigAdda.com launched last year and Sabeer (hotmail) Bhatia’s ApnaCircle.com are proof of this desi pudding. The mandate is clear. As more and more ‘aware’ consumers shun traditional advertising and as trust develops among online communities, consumers are more willing to take a purchase suggestion from an online peer rather than the traditional marketer. Says Navin Mittal, Business Head, Fropper.com, “Social networking started off as a concept to simply ‘keep in touch’ with friends, but has evolved as a popular medium for big brands to connect to their audience.”

When asked, Atul Hegde, CEO, Ignitee said that the type of content on social networking websites must be tailored to grab the attention of net freaks. “Creative directors should create content which is ‘non advertising’ and the kind that net workers will want to spread around,” he believes. Ashish Kashyap, CEO, ibibo.com agrees. “Social media platform cannot be used in the way you advertise on a portal or search engine. Social media marketing can only be done by engaging intimately with the audience i.e. by developing products and applications to trap the audience,” he says.

Explains Mahesh Murthy, CEO, Pinstorm, a search marketing firm, “Social networks are not useful for RoI-based advertising,” adding that social media is more useful for brand building. He believes that unlike search advertising, where people go to a site like Google to click and go somewhere else, social networks are immersive and users tend not to click on ads here. So, while you may not expect a high click-through rate for banner ads on social networks, some like NIIT have found more effective ways to build their brand here. Preeti Technani, the virtual character created by NIIT on Orkut, answers daily queries related to careers and has been a huge success so far. But there are still many that are missing from the social networking buzz. Analysts blame it on the lack of education and evangelising. “Only a few understand the big picture,” laments Hegde, adding that the ‘hit now, score now’ syndrome – a throwback to the conventional advertising era – is prevalent among marketers. In contrast, “social media marketing is a slow but sure burner,” he says.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Friday, October 31, 2008

Expert

This is the final frontier my friend; if you have come this far then rest assured, fuel not blood runs through your veins, and that you have gear cogs in your brain rather than grey matter. This is passion bordering on obsession!

“If money is no object then sky is the limit in terms of car modification. We in our garage can strip down a car to its chassis and build a completely new body from the ground up. Give us even a Maruti and 30 days and we’ll make a convertible out of it! For roughly 2-3 lakhs we can give a new look to any car,” says Jagjit Singh who owns Fine Auto Works in Khan Market, with a super confident air. Although the ‘look’ matters at this juncture, but the changes taking place under the hood take precedence.

First up, nitro boosters, turbochargers, and heavy duty K&N air filters, rest assured these are as effective as they sound. Skipping the technical details, installing these will cost you a bomb, but they’ll ensure that you never lose a street race again. Designed to take your torque and horsepower to stratospheric heights and to force more air into your cylinders, these will give you more power than you or your car can possibly handle. For that tricky business, you have four-point disc brake and sports clutches.

Nowadays, most cars come with disc brakes in the front tyres, however, most cars don’t have turbochargers and nitros! But you do, so before you ram headfirst into a concrete divider at 200 kmph, it’s better to have disc brakes installed on all four tyres. As for the sports clutch, this little baby will ensure that a mere tap of the clutch pedal will change the gears for you, saving you those precious seconds in a tight race.

Lastly, a racing car should sound like a racing car (not like an Amby with a bad throat) so to get that elusive whine of a rally car when you rev the accelerator, make sure that the exhaust is made free flowing. And now for the final touch, it’s called the Spitfire. And what it does is ultra cool. At the touch of a button, a jet of flame shoots out of your exhaust pipe, both a sign and a warning. A sign that tells other people that the spirit of adventure burns within you and also a warning that tells everyone that you happen to be as crazy as they come!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Thursday, October 23, 2008

Markets desire designs and technology

Markets now desire designs and technology which is unique, and throughout these years Honda’s USP (of innovation) has diminished to a considerable extent. The company has just been overtaken by South Korea’s Hyundai, hondawho now sits snuggly at the No. 5 spot. Honda has to move quickly and deliver great new products much before its rivals, something unlike the Honda Civic introduction which happened in 1972, six years after its closest rival, the Toyota Corolla. (For the records, the Corolla is the world’s largest selling car!) Even hybrids which are the latest trend were not spared from the ill-effects of the ‘casual’ Honda pathogen. The company spent too much time (and money) in studying the hybrid market, thus giving competitors time to establish themselves. The Toyota Prius sells an enviable number because it was launched almost two years before Honda launched the Insight in 1999 and FCX sometime later. And sadly, even today, the FCX has not been able to establish itself as a viable hybrid, especially because of poor hydrogen infrastructure.

On a positive note though, with nearly 50% of the European market now being diesel driven, mainly due to the vast difference in diesel and gasoline prices prevalent there, Honda is developing its own high-tech diesel engines. With so much at stake in Europe, the company doesn’t want to take any chances. Again as part of its wait and watch policy, Honda knows that the European market is obsessed when it comes to diesel propulsion in cars. After the success of the Volkswagen PD and the Ford TDCi diesels, Honda has finally got the fundamentals right to showcase itself as a technologically capable company. Honda has been a part of Formula 1 racing right from inception. The company knows that the only way to a European’s heart is to make a European drive a Honda to the limits and demonstrate technical abilities of the company.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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