Thursday, May 30, 2013

Book Review: How it happened

A portent of greatness

Marriage the world over, is one of the most important events that happens in the lifetime of an individual. However, in the subcontinent, it is a different thing all together. What with complicated customs, designed seemingly for the sole purpose of torturing the very souls of the participants, it becomes a free for all for the entire community, right from the choice of the partners, down to the very consummation. For someone who has not been to an Indian marriage, or Pakistani marriage for that matter, cannot really imagine all that it entails. Shazaf Fatima Haider does a delightful job of distilling the essence of all the neurotic activity that goes behind a Pakistani marriage in her maiden novel How it happened.

She tells the tale of the Bandiyan clan, a Shia Syedd family descended from the village of Bhakuraj in the undivided India, represented by the 15 year old narrator Saleha Bandiyan, her elder siblings Haroon and Zeba, her parents and her grandmother, the self-styled matriarch of the family. Gulbahar Dadi, the said matriarch, has very set ideas on how things are supposed to be done, “the Bhakuraj way”. Her most staunch ideas are on one is aught to get married.

For her, there is only one way to get married – the parents of the bride and groom meet, decide whether the families are compatible and then set the ball moving on the marriage. The people getting married seldom meet, if at all before they have tied the knot. By her own admission, she is quite “mordren” and some concessions, like letting the two meet before the marriage, are permissible. But blasphemy like “dating-shating” is absolutely and completely not done.

When she tries to get her grandson married, she even has a checklist for the eligible girl. Apart from the general points like she has to be a Syedda and chaste, there are a few rather interesting riders like she has to be “fully female”, a “full virgin” (“Girls who had been kissed or have had boyfriends are only half or quarter virgins”) and not “The Lesbian”. For her, both her grandchildren are God’s gift to humanity and whoever turns out to be their spouse would be blessed to be so.

The novel goes on to tell the story of how both her elder grandchildren manage to subvert her authority and marry people of their own choice. While one does it in a subtle and delicate fashion, the other does so with all the finesse of a runaway train. But on both occasions, the matriarch ultimately accepts the marriage, and forces her way of doing thing on every body.
As a piece of literature, this is an important book as it heralds the arrival of a novelist of prodigious skill. Haider’s prose is sparkling and easy to read. Told in the voice of a precocious, slightly bratty teenager, it is witty and thoroughly enjoyable.

The characters who people the tale are all well fleshed out and believable, Haroon and the modern yet obedient son and Zeba as the rebellious, caustic and tough-as-nails-but-capable-of great -tenderness daughter. But the obvious centrepiece is Dadi and she steals the show all the way.

Many, especially those from the West, might feel the portrayal is exaggerated, to the point of being a caricature. They would be dead wrong. Gulbahar Bibi is a classic example of the ubiquitous grandmother or ageing aunt without whom no family of the sub-continent is complete. She is of stout health yet possesses the unique ability to faint at the drop of a hat. She is not rigid and does not insist on having her own way, as long as you do exactly what she wants, and how she wants it. She is loving and caring to  fault, but cross her at your own peril.


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

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Wednesday, May 29, 2013

Why Azaadi will remain a dream for Kashmir

There is little doubt that kashmiris have a case for freedom. but geopolitics will ensure that their dreams will wither away

Just the other day, I posted a status update on Facebook that said: For every Afzal killed by hanging, I am a Kashmiri. That should easily sum up my feelings and opinions on the ever controversial issue of Kashmir and the people of Kashmir valley. All of us living in the rest of India must take some time out and introspect on the horrors that people of the valley have faced for more than two decades. More than 50,000 people have died since the valley erupted in revolt in the dark winter of 1989. Do remember, 50,000 killed out of a population of about 3 million. The Indian Army has been forced tarnish its image because of repeated human rights violations. There is little doubt that Kashmiris see army troops and CRPF jawans as occupation soldiers. When you find the time, do read the book Curfewed Nights written by Basharat Peer. It is guaranteed to move even the most cynical of souls without being overtly judgemental and hysterical like the passionate outpourings of activists like Arundhati Roy. There can be absolutely no doubt that a majority of people in the valley would secede from India if they were given a real choice. Yes, the cry for Azaadi is not just a conspiracy hatched by terrorists and the Pakistani army. It is something most Kashmiris passionately believe in. The editor in chief of this magazine has earlier written signed columns saying it might be a good idea for India to give Azaadi to Kashmir. Many well meaning Indians think the same. And not just based on humanitarian considerations. Kashmir is also the excuse that the deep state of Pakistan has handily used to unleash repeated terror attacks across India, leading to thousands of deaths. There are increasing fears – well founded – that the ham handed, incompetent and inhuman manner in which Afzal Guru was hanged will lead to a fresh wave of unrest in the Kashmir valley and a fresh wave of terror attacks from across the border.  So both from a humanitarian and a seemingly pragmatic viewpoint, letting go of Kashmir does seem to make some sense.

But there is a problem here. Let, for the sake of rhetoric, imagine that Arundhati Roy becomes the prime minister of India and leads a cabinet that has ministers like Harsh Mander, Teesta Setalvad, John Dayal and similar souls who can be labeled either as activists with a conscience or pseudo bleeding hearts depending on your ideological viewpoint. I am fairly certain that even that kind of government will find it virtually impossible to let go of Kashmir when the hard reality of geopolitics and realpolitik settles in. There is just no way that Kashmir is going to get Azaadi unless India itself disintegrates. And I do not think even Arundhati Roy would bet any money on the possibility of that happening. Despite my sympathies for the people of Kashmir, I must appeal to them, particularly the younger generation to make the best of a bad deal.

There are three reasons why I think Azaadi for Kashmir will remain a pipe dream. The first is a personal opinion and I may be wrong. I think the people of Kashmir have not displayed enough maturity to run an inclusive republic of their own. No matter what the reason, the exile and plight of Kashmiri Pandits will always be a blot on the people of Kashmir, just as its human rights violations will be a blot on the Indian Army. More dangerously, many recent events have shown that intolerance towards other religions and the misuse of religion to settle scores (a la Pakistan) is threatening to become the norm in the valley. The manner in which a Christian priest was persecuted and hounded out of the valley last year was shocking. The same Grand Mufti that issued a fatwa against three teenage girls forming a rock band had "prosecuted" the Christian priest. Our Srinagar colleague Haroon Reshi has also done stories that show how lumpens use hard line Islamist ideology to hound and harass opponents. There are many who will say that Hindu zealots and fanatics behave in an equally abominable manner in other parts of India. They are absolutely right. But then, there are literally thousands of voices raised daily against such gimmicks of Hindu fanatics by civil society. Sadly, civil society in Kashmir has not proven to be as assertive and loud. But as I said, this is my personal opinion and I may be wrong. But the two other reasons I will cite now have nothing to do with either personal opinion or any emotion. They are based on harsh realities.

Letting go of Kashmir could make life very miserable for Muslims in India. Unlike Pakistan that was created specifically to protect the rights of Muslims, India was created as a secular republic. And the fact is that India has more Muslims than Pakistan. But there is an ugly underbelly to our secular republic. There is no dearth of prejudiced people in government, media, judiciary, civil society, politics et al who either openly or secretly think that Indian Muslims care more about Pakistan than India. This prejudice has been a fact of life since 1947 and being idealistic and spouting Gandhian platitudes is not going to drive it away. That India has not been torn asunder the way Pakistan is being – despite the prejudice I talk about – is because a majority of Hindus and Muslims are sensible citizens who would prefer to at least live and let live. The bitter fact is that the Jammu and Ladakh regions will opt to stay with India and it is only the Kashmir valley with an overwhelmingly large Muslim population that would choose Azaadi. This would inflame passions in the rest of country and the victims would be almost 170 million Muslims of India whose loyalty would again be questioned even though most of them don't identify with the plight of the Kashmiris as they face enough problems of their own. Fanatics belonging to both Hindu and Muslim communities have been spreading enough poison for the last three decades. Their task will be made easier. India will end up with far too many more people like Akbaruddin Owaisi and Praveen Togadia. That is not something that India can handle. I am not talking just about hate speeches and communal riots. I am talking about the real danger of a permanent divide between the two communities. Trust deficit will triumph over common sense.


The third and most important reason is that the very thought of Kashmir as a kind of Switzerland is a chimera. In geopolitical terms, the valley is too strategic an asset to be left alone. There is not an iota of doubt that if all Indian troops exit the Kashmir valley, it will be a matter of time before Pakistan and China gobble up the ill fated region. The only way out is for India, China and Pakistan to give unconditional guarantees that they will let Kashmir be and let it follow its own destiny. In an ideal world visualised by the likes of Mahatma Gandhi, that would be a distant possibility. But sadly, history is testimony to the fact that not a single major power has ever kept lofty promises when it comes to territorial and strategic ambitions. If they had, the world would not have witnessed an unending succession wars throughout history. Let us for a moment presume that someone like Arundhati Roy is leading India and decides that it is okay if Pakistan gobbles up Kashmir. All Kashmiris must ask themselves an honest question: would they like to be gobbled up by Pakistan?
Despite the brave – much braver than Indian I would say – efforts of civil society in that country, fundamentalism is simply ripping the country apart. The ghosts spawned by the likes of former military dictator Zia Ul Haq are now tormenting Pakistan remorselessly. Kashmir as a part of Pakistan would eventually witness the daily bombings, assassinations and mayhem that is pulverising Pakistan. If I were a Kashmiri and I had a guarantee that Kashmir would be truly independent, I would opt to secede. But what if my choice was to become a state of Pakistan? Only Kashmiris can answer that question, if they are honest enough.


Source : IIPM Editorial, 2013.
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
BBA Management Education

Saturday, May 25, 2013

Of Men, Gods and God-men

Bloodshot eyes peering past swirling clouds of potent smoke and matted dread locks, a flash of vermilion streaking through ash smeared limbs, scraggy beards and sinewy limbs crashing into the cold currents at the break of dawn – these are the vignettes that mark the Maha Kumbh Mela, one of the greatest shows on earth.

But the stars of the show, the sadhus, as naked as the day, and yet as mysterious as the night, are still as enigmatic today, as they were centuries ago. To the throngs of believers, these holy renunciates are living gods whose ‘darshan’ alone can do everything short of bringing back the dead. But to others, especially from the cities, singed by tales of con artistes masquerading as sadhus, these naked or saffron clad ascetics are just looking for a holy fig leaf to cover their addictions and sloth.

So who are these men who live on the fringes of society, appearing like apparitions on our streets and temples during festivals, and then disappearing, perhaps in a monastery or a cave on a faraway mountain or a dark forbidding forest? Under the glare of camera flashbulbs and television cameras and the pressure of rival clans and adoring devotees, it is difficult to separate the mask from the man, whether holy or not. So let me take you away from the spiritual cornucopia of the Kumbh for a little walk along the banks of the Ganges…

There you see them now, sadhus, young and old, outside their little thatched huts and tents, practicing austerities. Smoke from the cannabis laced chillums dances with the bold blaze of the sacrificial fires. With wiry vigour, the sadhus coax their bodies, forged by heat and hunger, into demanding hatha yoga postures that they hold for twenty minutes or more, as against the few seconds that you hold your headstands for on your mats. Others are doing tapasya that they need to undertake for twelve years – keeping an arm stretched overhead or standing on one leg, the unused limb withers into a useless stick while the leg on which they stand develops sores and wounds. Still others sit in a ring of fire with a flaming earthen pot balanced on their heads while they meditate. These austerities are all methods to purify and sublimate the spirit often at the cost of the body. But these river banks don’t have all the answers. Where do these sadhus go after the two month long festival? And even more significantly, where do they come from? What do they do through the rest of the year?

Well, I can’t speak for all of them but I could tell you about the ones I have met. Contrary to what you might have been led to believe, the ones I met weren’t rustic simpletons, social outcasts, debt burdened runaways or religious fanatics but urbane, educated professionals who just gave it all up and set off in pursuit of the spirit, within and without…

Baba Budhnath was a small man. Bronzed skin stretched thin over high cheek bones and a broad forehead gave way to bushy eyebrows that tried but couldn’t hide the fire in those flinty gray eyes and a thick white beard. But he moved like a man far taller, with a grace and presence that would have done a taller man proud.

Baba Budhnath had been in the naval officer in his younger days. He claimed he spoke seven languages fluently, including English, Bengali, Russian and Japanese. I didn’t believe him and so I asked him questions in all I knew of those languages. Baba Budhnath’s replies weren’t short on grammar or colour.

But Baba Budhnath had left his sea faring days long behind. He had earned his spiritual spurs while meditating in the ghost town of Bhangarh (legend has it that all the citizens of Bhangarh were killed in a great war with a neighbouring kingdom and the deserted ruins are haunted to this day by the ghosts of those who died) in Rajasthan. The locals say that the Archaeological Survey of India tried to evict him from the ruins, but they failed because, in his own words “…how can the government succeed in removing me from Bhangarh when those who live in it want me to stay?” Baba Budhnath claimed that he controlled the spirits that lived in the haunted city of Bhangarh.

Baba Budhnath isn’t easy to find but if the night is right and you happen wander around the forests of Kalighati near Sariska, and run into a small man with gray eyes, greet him with a cheery ‘Preevyet!’ or ‘Konnichiwa!’, and if he replies in kind, you’ve found your man.

The other sadhu I met was in the forests of Rukhad, in the wild heart of Madhya Pradesh, quite by chance. While tumbling along the rocky, dusty forest trail, the car’s radiator gave up the last of its smoky overheated ghost and I had to get down and look for water. Just so you know, these are forbidding forests that are home to leopards, tigers, bears and wolves. And so it was with a lot of trepidation and caution that I set out for the lazy river deep in the valley as it wound its way along the boulders.


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

Friday, May 24, 2013

Benghazi to Blackwater

Use of private contractors by US would increase human rights violations

Attacks on embassies, especially the US embassies, in conflict zones, have become a norm these days.  Incidentally, most of the embassies that were attacked were either in nations that were previously ‘invaded’ by the US or the nations where American army were found violating human rights. However, the recent attack on the US embassy in Benghazi (September 11, 2012), in which four Americans including the Ambassador Christopher Stevens, were killed, became a highly debated issue in the political corridors of the US government.

The responsibility of not safeguarding the US embassy has fallen on the Libyan government. The US government also found the State Department to be ‘understaffed’ and ‘ill-equipped’ to provide security in war zones. Moreover, ‘there was no protest prior to the attacks’ to anticipate an onslaught of such an intensity. As a result, the US government has decided to rope in private ‘Blackwater’ contractors for strengthening its security. But deploying contract security forces may not be easy.

Unlike other nations, Libyan government post-independence has banned the deployment of foreign or domestic private armed contractors on Libyan soil. The decision of the Libyan government was on the pretext that the private contractors were found committing atrocities in other nations. On September 16, 2007, Blackwater Worldwide (later Xe and now Academi) private security contractors working for the US Department of State shot dead 17 unarmed civilians and wounded 24 more in an unprovoked incident in Baghdad’s Nisoor Square.

As per a US official report released in October 2007, Blackwater employees had been involved in at least 196 fire-fights in Iraq since 2005, an average of 1.4 shootings per week and in 84 per cent of those cases – Blackwater employees opened fire first violating contract stipulation of using force only in self-defence. Thus, the State Department had to depend on local Libyan police and unarmed locals for the security of their diplomats and staff at American embassy in Libya.

Amidst all these blame games, the US government continues to use Blackwater security for its embassies in various nations in spite of accusations of using unprovoked force in Iraq and Afghanistan. Worse, these private contractors are not even prosecuted for their human rights violations. It seems private contractors would virtually close all options of the US missions on foreign soils. Presently, the US army has deployed its army (or their private security contractors) in various conflict zones in the veil of securing the resident Americans in the respective lands. Deploying private contracts further allows the US government to dodge laws and pass the bucks to the private companies in case of ‘intended’ human right violations.


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

Saturday, May 11, 2013

Is Tim Cook losing the plot?

Angry investors and bad press has done Apple much damage. Can CEO Cook do anything to pump some pride into what was until recently a mammoth $658 billion-worth corporation?

Five months into his tenure at Apple, Tim Cook invited a select group of Apple’s shareholders at the company’s conference center at 4 Infinite Loop building. The idea was to get those investors to understand the company and its new CEO better – understandably to take a step towards reducing the widespread discussion in the investor community about how weak-willed Apple had grown in the absence of ‘the’ Steve. Apple CFO Peter Oppenheimer first treated them to three-quarters of an hour-long presentation, following which they were served three cookies and two cans of Coke as refreshments. Something unheard of happened at Apple that day. When Oppenheimer had played half his part, Cook quietly walked into the room, chose a seat on the last row and listened. Patiently. His iPhone 4S was on silent mode, and while his CFO spoke for 25 minutes in his presence, he did not add a word. When Oppenheimer’s presentation ended, Cook walked up the front and answered questions that investors shot at him, again with great patience. He explained matters beyond what the company’s financials showed, praised Zuckerberg and Bezos, talked about competition, and in a line assured the 15-odd heads in that room that investors in America now have the freshman CEO’s ear; much unlike Jobs who mostly believed that it was below his dignity to give answers to investors and employees. In their few and many years as Apple investors, the shareholders had never believed, seen or heard of a calm Apple CEO. Jobs wouldn’t have bothered to entertain a lot of dozen-odd investors, out on a ‘bus tour’ of Apple’s campus. Cook did. That was a month before the iPad 3’s official release. That summer (in August), Apple became the world’s most valuable public company ever (with an m-cap of $623 billion), beating the previous best of $620 billion set by Microsoft in 1999. Something that Cook had done to Apple in 12 months was making the company different, wealthier and more powerful than Jobs had in the past 14 years.

Cook was all set to blaze a trail in the world of technology. Victory in the patent infringement lawsuit against arch-rival Samsung in end-August and introduction of the iPhone 5 & iOS 6 in the second week of September, saw Apple peak on September 21, 2012. Its m-cap reached $658 billion. But that’s when the dream ended.

The six months that followed (the past half-a-year), earned Cook a bad name. Today, Apple is battling where it used to crush. Disappointing reviews of its new launches - MacBook, Siri, Apple iMap – and some grossly misguided HR strategies (like the hiring of John Browett as Head of Apple’s Retail business and his firing in 9 months flat, and the firing and rehiring of Scott Forstall, the man behind the Siri and iMaps fiascos and one who was responsible for failing to make the iOS 5 and iOS 6 seem upgrades to the previous iOS versions) have weighed heavy on Apple’s stock price.

Then of course, is the fact that Cook did little to stop the drumbeat of negativity about Apple – whether by making ‘impactful’ public appearances or by bringing to life Apple’s faded marketing mojo. It is understood that scaring investors and customers about Apple’s fast drying innovation pipeline is all a matter of ‘wrong and misguided’ print and online reporting. For those who say Apple has nothing beyond the iPhone 5 or iOS 6, pray tell us what Samsung has beyond the Galaxy S4 or what Sony has beyond the Xperia Z or what HTC has beyond the One X or what even Google has beyond a stitched-up, fragmented ecosystem of a low security-walled OS? All tech companies have a secret called a ‘laboratory’. [You bet, Apple can afford one too.

What is not true is that Apple is dying soon. What is, is that even its ads have become too product-centric, while competitors across various product categories where it exists – like Samsung, Nokia, Microsoft, Acer et al – have gone the other way (compare the recent iPhone ad to that of others and you will get the drift). Moving away from consumers towards margins and being focused only on the product is what has primarily got Cook’s peace. In the past six months, his company missed earnings targets twice (that made it three in a row – from Q3, 2012 to Q1, 2013) and it has shed 36.8% of its market value (that has fallen to $415.68 billion, as on March 28, 2013).


Source : IIPM Editorial, 2013.
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
BBA Management Education

Wednesday, May 8, 2013

Letters to the editor - 2012

Distinguished teamwork

Thank you for providing me with the opportunity to participate in the Inside China article (Business & Economy cover story; August 2012). I am impressed by the knowledge and expertise of the authors and the overall quality of production. Your staff did a terrific job of adding graphics, tables, photos and editorial changes to my humble story. It has received positive reviews from friends, family and colleagues for its level of professionalism and polished appearance. I especially enjoyed reading the China: Read. Learn. Repeat article by Prof. A. Sandeep, Group Editorial Director, Business & Economy. The focus on the Chinese auto industry was spot on and well written. I am pleased to be associated with such a distinguished collection of experts. Thank you once again.

Arthur C. Wheaton
Director, Western NY Labor and Environmental Programs, Cornell University ILR School

Great Issue on Reverse Innovation/Exnovation

Business & Economy’s issue on ‘Reverse Innovation/Exnovation’ (cover story for the month of October 2012) was simply great and I totally loved it. You have exactly captured the essence of reverse innovation. In my view, Reverse Innovation represents the biggest opportunity for India in sectors as diverse as transportation, energy, health care and education.

Vijay Govindarajan
Earl C. Daum 1924 Professor of International Business, Tuck School of Business


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

Monday, May 6, 2013

Payment is made in cash or stock

M&As have always been an area of debate for business experts. However, new research explains who acquires whom, whether payment is made in cash or stock, what valuation consequences arise from mergers, and why there are merger waves

According to the study, managers with long horizons will make the best of their situation by buying more assets with their high share price while it stays high, fully exploiting their knowledge of market inefficiencies.

In the case of the technology sector in the late 1990s, smaller technology firms were willing to sell to giants such as Cisco and receive overpriced shares as payment, because of their short run horizons and the fact that they could quickly sell the Cisco stock and get access to cash. For these small firms, selling Cisco shares was much easier than trying to sell their own overpriced shares.

The Synergy Story

Mergers and acquisitions rely heavily on the perceived synergy of the combination. This synergy may simply be a story invented by investment bankers or academicians or the market, and have little to do with the reality of what drives acquisitions.

Investors want to see a real reason for the valuation, and therefore aren’t satisfied with a company admitting that it is overvalued and using its stock as currency before it crashes, because that will precipitate the crash itself. It is natural that companies will tell a synergy story even when the real cost-cutting opportunities cannot justify the premium paid.

In some cases, stories for synergy might have some validity; however, in most cases, synergy is played up and is really just a story. The real reason for an acquisition is usually the different valuations of the target and the acquirer.

In the case of AOL’s acquisition of Time-Warner using AOL stock, it is debatable whether there were some synergies, but note that there was also unquestionably a potential valuation motive for wanting the acquisition. In this case, the acquisition was an attempt by the management of overvalued AOL to buy hard assets in Time-Warner to avoid even worse long-run returns.

Besides positive perceived synergies, the advantage of acquisitions is that they contribute to the growth of earnings of the firm, and thereby help justify the high valuations. Acquisitions were part of the growth strategy of many technology firms in the ‘90s that helped keep share prices high. The alternative of simply issuing overvalued shares and parking the proceeds in cash would have quickly burst the valuation bubble of these high-flying companies.


Source : IIPM Editorial, 2013.
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
BBA Management Education

Friday, May 3, 2013

Of hurricane Sandy & spin docs!

Out of the 15 percent electorate that has already voted early, Obama has an 8% lead over Romney (53%-45%). But it’s clear that this may not quite be the trend of things to come. Romney’s Republican are expected to chug in late for voting...

By the time you read this article, hurricane Sandy would have ensured that much of Romney and Obama’s campaigning in the last week before polling starts officially would have reduced considerably, if not completely destroyed. Hell wait, scratch Obama out of that sentence – and give the biggest backslap to Obama’s spin docs, who’ve managed a Presidential coup by exploiting Sandy the way no one – especially Romney – could have done or thought of.

Even before Sandy had hit the East Coast, Obama’s spin docs had drawn up a schedule of national emergency addresses that the President would give. What better moment to showcase the President’s heartfelt cry for the affected than a brilliantly prime-time telecast national emergency address! And right on cue, the moment Obama finished his October 29 address on Sandy at the White House in front of reporters, out popped the first question asking the President how Sandy would affect the election. Right again on cue, Obama masterfully replied, “I am not worried at this point on the impact on the election. I’m worried about the impact on families and our first responders. I’m worried about the impact on our economy and on transportation. The election will take care of itself next week.” If you’re done with the tearful applause and have already decided that this exemplary paragon of social commitment is the one you’ll vote for in the coming election, we shan’t blame you. Of course, Romney and Paul also jumped into the Sandy-relief act; but guess who gets free airtime in a state of national emergency without being questioned on it? Not them.

One doesn’t need to second guess that if Sandy had changed her path back towards the sea without hitting the coast, where the biggest gasp of disappointment would have come from! But really, all this is trivialising the fact that America has experienced one of its worst storms ever, and the US administration has really made one of the most commendable advance efforts.

Irrespective of Sandy, Obama and Romney – and their camps – are both caught in the heat of partisanship and trying their best to run their opposition down with flamboyant gallery comments. While Obama lost the first televised debate badly to Romney, but came back strongly in the second and third; replying prudently to the volley of accusations ranging from his foreign policies in the Middle East to his ineffectiveness in mending the American economy. But the slam-dunking has continued. More recently, while Romney’s campaign panned Obama as having “sold Chrysler to Italians who are going to build Jeeps in China,” Biden slammed Romney, “This guy... pirouettes more than a ballerina. Have they no shame?”

Romney has tried to harp on the most pressing questions in the minds of the electorate – of continued high unemployment and economic turmoil. Romney was also firing on all cylinders regarding the defence budget cut by Obama by around $1 trillion over the next decade. Most importantly, Romney insisted that the US is losing its role as the lone superpower and the undisputed leader of the world. With respect to the Middle East, Romney claims that while Obama is pursuing a policy of pacifying the rogue states of Iran and Syria; it should really be the other way round.


Source : IIPM Editorial, 2013.
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
BBA Management Education

Thursday, May 2, 2013

National

Apple vs Samsung: patent infringement
Apple draws blood, Samsung gets a licking
It was one of Steve Jobs pet peeves. He often complained that Samsung had blatantly copied Apple’s iPhone design in its Galaxy range, and Android too was a rip-off of its iOS platform. Jobs’ outrage at rivals’ lack of respect for Apple’s intellectual property often boiled over. “I am ready to wage a thermonuclear war against Google,” he is believed to have said. Eventually, the end to the vexatious problem of Apple’s patent infringements by rivals seems to be in sight. On August 24 Apple finally scored a major legal win over Samsung in a patents lawsuit filed in a US court of law. A U.S. district court jury in San Jose, which was presided over by a South Korean American judge Lucy Koh, decided that Samsung was guilty of copying key features of the Apple’s iPhone and iPad devices. The court awarded Apple $1.051 billion in damages (Apple had demanded $2.5 billion in damages). Buoyed by the verdict, Apple is moving rapidly to press for a ban on eight models of Samsung, which are still in the market. The verdict has broader ramifications: it will help strengthen Apple’s share of the exploding mobile computing market. For many the Apple-Samsung lawsuit was widely seen as a proxy fight between Apple and Google’s Android platform, since Samsung is the largest Android handset maker. Samsung is expected to appeal the jury’s verdict, but it’s not clear how strong a case Samsung will be able to mount, given the overwhelming legal victory for Apple. Apple saw its shares climb 2% to a record high of $675 in post-verdict early trade. Samsung shares tumbled 7.5% wiping off $12 billion in value. Interestingly, Nokia saw a 10% jump in its stocks, and others like RIM and Microsoft too gained. These players own and run their own operating systems, which are different from both the iOS and Android.

Hp: turnaround Efforts
Can cost cutting help HP’s comeback?
Following a third quarterly loss of $8.9 billion for the 2012 fiscal, Hewlett-Packard, the Palo Alto, California-based computer giant is desperately looking to effect a turnaround. CEO Meg Whitman has set in motion the restructuring process, which includes cutting 27,000 employees or 8% of its global workforce by 2014. The move comes in the wake of a challenging business scenario which saw HP face up to a failed tablet launch apart from chronic reverses suffered by its PC unit. Whitman, who succeeded the ineffectual Leo Apotheker as president and CEO last September, has vowed to turn HP around but has consistently warned that the process could take years. The downsizing at HP is expected to generate annualized savings of $3-3.5 billion for the company. As for its financial performance, the company has showed a profit of $1 per share, slightly better than expected, while revenues were below the forecast at $29.7 billion, a year-to-year drop of 5%. During the quarter, the company has taken important steps to focus on strategic priorities, manage costs, drive organizational change, and improve the balance sheet.


Source : IIPM Editorial, 2013.
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