Showing posts with label iipm history. Show all posts
Showing posts with label iipm history. Show all posts

Tuesday, June 4, 2013

Book Review: Che in Paona Bazaar

Thriving against odds

The North-East India has never been part of the mainstream narrative or development discourse in India. Ridden with armed conflicts over the years it has been treated like an imaginary flotsam. But senior journalist Kishlay Bhattacharjee tries to break this mindset through his new book. He asserts that North-East India is not an imagined community separated from the policies that govern the rest of the country. Che in Paona Bazaar: Tales of Exile and Belonging from India’s North East explores the landscape of distant corners of the region and dwells upon the life of ordinary men and women to capture their experiences. In his 17 years as a TV journalist, Bhattacharjee first gave voice to their stories. Now he has done this with words over 241 pages.

Why did he write this book? Bhattacharjee understands how media struggles to tell their stories. Bhattacharjee admits that he too struggled to represent the voice of the people there because it would be one story in weeks and he felt it was inadequate. So he decided the book has to be in the voices of those people and the author alone. “In my long years of interaction with the people of North East, I’ve felt  they could neither speak the truth of their experience nor even make it hear through the mainstream Indian media. This is an attempt to make readers interact with the real people and not imagined communities.”

However, the book is limited to certain areas in the region - Manipur, Guwahati and Shillong. But it is Manipur’s music, dance, food and the stories of its people that dominate the book.

Employing a fragmented narrative structure, Bhattacharjee chooses to tell the story through a young female protagonist, Eshei-part real and part fictional character. According to the author, she embodies the experiences of growing up, navigating through youth, love and loss amid conflict but is also faced with the universal trials of everyday reality.

Realising that conflicts make for interesting stories, Bhattacharjee weaves the story of Eshei growing up in an almost dysfunctional society and how she comes to terms with the baggage of violence and sessionism.

Employing the power of the interview to reveal, Bhattacharjee succeeds in tapping a cross-section of people and in each of them found “a courageous willingness to reopen wounds which they had hidden, sometimes even from themselves”. The book is full of these interactions.

As for the title, Che Guevara is the most popular face in Paona Bazaar, the author says. The market has almost everything in store for anyone – umbrellas for as low as Rs 50, Levi’s canvases for Rs 100, high-quality pirated Hollywood films and music videos for as cheap as Rs 35 and colourful blankets.“Ironically the red armies of Manipur haven’t quite adopted him, so thanks to a global fashion statement, Che became young Manipur’s icon years before his global demand.

“Chinese manufacturers have imprinted his face on virtually everything. I found a calendar with garam masala sachets hanging from the month of December in a rundown tea shop which had Che Guevara images. Badges with Che’s face are available in the most unlikely of places, such as an HIV drop-in centre,” Bhattacharjee writes.

“Even Fat James’ restaurant in Churachandpur has a Che face painted on the guitar standing in one corner for anyone to pick up and strum.”

Poana Bazaar in the title is traced to Poanam Nawal Singh, a  Major in the Manipur Army who refused surrender to the British forces.
Despite being an outsider, Bhattacharjee, a Bengali brought up in Shillong, is able to bring out the local cuisine, music, their history or even their biases in great detail. Also funny incidents involving bhoot jolokia also finds mention in the book.


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

Monday, June 3, 2013

Live and let die

Why should farmer deaths cause a ripple unless the state rushes in to wipe their tears?

Ask any Congress worker who is Kalawati Bandurkar. The chances are that he will say she is the poor farm widow from Yavatmal district of Vidarbha whose husband Parshuram had committed suicide on December 23, 2005 because of the agrarian crisis. He will remember this woman because the Congress Vice President Rahul Gandhi had mentioned her name in the Lok Sabha in 2008 after paying a visit to her house in Yavatmal to console her.

But ask the same Congressman who is  Savita Khamamkar or Sanjay Kalaskar, the chances are that he may draw a blank. Savita is Kalawati’s second daughter who committed suicide in 2011 by dousing herself with kerosene and Sanjay Kalaskar is the husband of her sixth daughter Papita who committed suicide in 2010 because he could not repay the loans which he had taken from the banks for farming and purchasing an autorickshaw. Savita took this extreme step when she realised that her agricultural land did not yeild anything and that her husband Diwakar faced the prospect of defaulting on a loan. Sanjay Kalaskar ended his life for the same reason – debt.

Excuse the politicians if they only remember the name  of Kalawati Bandurkar. Why would death of farmers in Vidarbha make news unless the State rushes in to wipe their tears? In fact, in Vidarbha death of farmer is not news. It is just plain statistics. Suicides among farmers like these in Vidarbha are not isolated cases but have been preceded by many such incidences in the past and are happening in the present.

According to Kalawati, Savita was suffering from stomach ulcer and was not keeping well. Her husband borrowed money from banks and other people but was unable to repay the loan because of the ongoing agrarian crisis. The anxiety of the fallout of a loan default and the fear of the consequence prompted her to end her life.
“I always tried to help my daughters and sons-in-law through my limited resources. But it seems no one in the region is able to cope up with the agrarian crisis which has assumed gigantic proportions,” she adds.

The former Sarpanch of Seoni village in Yavatmal district and a farmer leader of the area Mohan Jadhav claims that on an average three farmers commit suicide every 24 hours in Vidarbha because of agrarian crisis. He blames the government for its apathy. “If the government wants to prevent farmer suicides, the least it could do is to come out with a food security programme for all the distressed farmers of Vidarbha and waive all the crop loans to them ensuring that the defaulters get fresh loans next season.” It might be noted here that the former President of the BJP Nitin Gadkari belongs to the Vidarbha region and was forced to step down because of allegations of financial impropriety. In his defence, Gadkari has maintained that it was his mission to transform the lives of farmers in Vidarbha and stop the step motherly treatment being meted out to them by politicians from other regions of the state. Of course, while politicians trade allegations, the farmers continue their march towards penury and starvation.

Kishore Tiwari of Vidarbha Janandolan Samiti, which has been documenting farmers suicides in the region since 2001, squarely blames the government for the problems of farmers. He says government has failed to bail out the crisis-ridden farmers in Vidarbha region. “The relief packages hardly had any effect among the farmers as susbtantial amount of funds were siphoned off by the ruling politicians,” he alleges. According to Tiwari around 12,000 farmers have killed themselves in Maharashtra since 2001, a majority of them from Vidarbha and Marathwada. The most suicide-prone districts of Vidarbha are Amravati, Yavatmal, Buldhana, Akola, Washim and Wardha.

Noted  agro-economist Dr. Srinivas Khadewale says that crop failure and loan burden from banks and private money lenders are two important factors that are responsible for pushing the farmers to the edge. “In addition to this the cotton growers in the region did not get a good support price for their raw cotton this year and the production was also meagre because of scanty rainfall, " he says.

According to him, the government should provide food security and employment to the farmers under the national rural employment scheme immediately to prevent suicides. The former Shetkari Sangathana President Vijay Jawandhia points out that the farmers are not getting remunerative prices for their agriculture produce while the agro-input costs have shot up in the recent past. The guarantee price of raw cotton was fixed at Rs 3,850 per quintal while the cost of production was around Rs 4,200. “How can the farmers cope up with such a situation with such meagre remunerative price?” he queries. He says “besides maximum agricultural land is non-irrigated. Hardly 11 percent areas in the region are irrigated and crop failure because of scanty rainfall is very high in the area.”
 
The tragedy for Maharashtra is that the agrarian crisis has now spread beyond Vidarbha to all parts of the state. Many analysts reckon that the state is facing its worst drought in more than 40 years. What is astonishing is how the lack of rains has exposed the hollow claims of Maharashtra politicians and bureaucrats that the state has invested heavily in irrigation. Over the last decade and a half, it is estimated that more than Rs 80,000 crore has been allocated to shore up irrigation facilities in the state. But the sordid fact is that most of that money seems to have been siphoned away by vested interests. You might recall that there was a huge uproar a while back over the so-called irrigation scam. The nephew of Sharad Pawar and the Deputy Chief Minister of the state Ajit Pawar, who has been handling the irrigation ministry for more than a decade, was compelled to resign from the cabinet over allegations of corruption. But then the government presented a white paper that absolved all politicians of any wrong doing and the junior Pawar is back in the cabinet. Many mainstream media outlets including news channels, newspapers and magazines have highlighted the scam and the acute distress being faced by farmers in Maharashtra. Nothing much has happened. The Marathwada region, dominated by politicians like Sharad Pawar, is as badly hit as Vidarbha.


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, June 1, 2013

Paresh holds the key

The fifth round of tripartite talks promises some hope in Assam but key issues remain unresolved, reports Dulal Misra

Kindling hopes of hammering out a peace settlement in the immediate foreseeable future, the fifth round of tripartite talks between Assam, the Central government and rebel ULFA on March 7 at North Block, were described as 'fruitful.' Terror-shackled Assam could do with some peace, and some hope, however tenuous, has arisen.

Till now, four rounds of such dialogue have largely meandered without any visible sense of direction, the last of them having been held in June 2012 where the pro-dialogue ULFA leaders reiterated their common charter of demands, the most significant of them being a constitutional amendment to protect the political and economic rights of the indigenous people of Assam so that locals get to control the state's natural resources.

In addition, the agitators want a status sheet of missing ULFA leaders and cadres during security operations in Bhutan, 2005. The seven-member ULFA delegation was led by ULFA chairman Arabinda Rajkhowa and the centre was represented by Union Home Secretary R K Singh and Joint Secretary Home Ministry Shambhu Singh. The Assam government was represented by state Chief Secretary Naba Kumar Das and Home Commissioner Sailesh. Central interlocutor P C Halder was also present.

The main point is this: what consensus have the hour-long talks arrived at? As ever, while there was agreement on all sides that peace be established at any cost, there appeared to be no consensus on how to get there. While Rajkhowa sought necessary steps to amend the Constitution of India, the Home Secretary indicated that constitutional amendments like the ones demanded by the ULFA were a big ticket call but that the government will take all steps necessary to solve problems faced by indigenous Assamese.

Clearly, the sorest point of the negotiations remain the status of the ULFA faction led by Commander-in-Chief Paresh Barua, who is opposed to any dialogue with the government and is currently estimated to operate out of the dense forests of Myanmar. Barua says there cannot be any talks if the issue of sovereignty is not put on the table. His hard stand and absence from the scene ensures that the peace talks will be held ransom to illogical and unreasonable demands – and without a cogent end.

Pro-talk ULFA member Diganta Phukan says he is watching. "The talk process has moved in the right direction. But I am not too hopeful about the outcome. One ULFA faction still operates under the open skies of Myanmar. The Indian government and army can't do much as international laws bar any Indian military action against Paresh Baruah in Myanmarese territory. Barua is taking advantage by continuing his ‘struggle’ from that country. This is the great bottleneck in the peace process. I think the Indian government should first convince Paresh Barua to come to the table to ensure a solution of the three-decade-long insurgency in Assam," he told TSI.

Concurs senior journalist Hilloljyoti Bhitoruwal Phukan, "The peace process with ULFA is going in the right direction but I doubt if it can ensure a permanent solution to insurgency in Assam. It the government fails to bring Paresh Barua for talks, the peace process will not be a complete one."

Some hope has also come from Rajkhowa's statement earlier this month that ULFA general secretary Anup Chetia alias Golap Barua may also join the tripartite talks. Chetia has for years made Bangladesh the launching pads of his operations against India. He was arrested in 1997 on charges of illegally staying in Bangladesh, possessing forged passports and foreign currency. After ending his prison term in 2004, he has sought political asylum in Bangladesh. Since then, India has unsuccessfully asked the Bangladeshi government to hand him over at several bilateral meetings, but now with a friendly government in Dhaka, things could be changing.

The Union government's record of conducting peace talks with insurgent groups in North-East India has been patchy. For instance, peace talks with Naga extremist group NSCN (IM) has not made any significant breakthrough despite more than 12 rounds of discussions.

Social activist Prasanta Baruah, told TSI that the "Centre has not taken the problem of insurgency in Assam seriously. The ULFA problem is three-decades old. First the government used military force. That has created more complications. Delhi should find out the root cause of insurgency. It is clear that economic backwardness is the root cause of dissatisfaction of the people of the North East. That needs to be tackled. In the peace process, Paresh Barua is the main hurdle. He is stuck on issue of sovereignty of Assam. But it is an unrealistic dream. History says that no sovereign state was formed with an unorganized and scattered armed revolution. According to my view, ULFA is now an unorganized organization which has a number of factions."


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 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.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Friday, April 26, 2013

The ‘Quiet Leader’ – and how to be one

Traits and critical roles of ‘quiet leaders’ who are often not at the top and don’t enjoy the spotlight. An interview with Martha Lagace of HBS Working Knowledge

Question: You write that one inspiration for your book titled, ‘Leading Quietly: An Unorthodox Guide to Doing the Right Thing’ was the unusual course you’ve been teaching MBA students on moral leadership in organisations. What is a quiet leader? Is quiet leadership a topic you had been thinking about before?
Joseph L. Badaracco (JLB):
I don’t think I really started thinking about it until just a few years ago. There were two things that prompted me to do so. One is that I had written a book called ‘Defining Moments: When Managers Must Choose Between Right and Right’ (HBS Press) which is about big deal, high-stake, traumatic decisions. And there was a natural question: “Is this all there is to writing about difficult ethical decisions?” Or put differently, what happens in between the big decisions – which don’t come along very often? For some people they come along very, very infrequently. Does this mean these people are on vacation the rest of the time? So that was one question that was in my mind. In the course, so many of the people in the works of fiction we read – who aspire to greatness or who achieve greatness – end up badly. There’s the age-old myth of Icarus trying to fly too close to the sun, and there is the suggestion that there is something dangerous about the pursuit of greatness. And at the same time while you read books and plays there are other characters, I noticed, who were what I came to call quiet leaders. You also end up defining quiet leaders almost through a series of negatives. They’re not making high-stakes decisions. They’re often not at the top of organisations. They don’t have the spotlight and publicity on them. They think of themselves modestly; they often don’t even think of themselves as leaders. But they are acting quietly, effectively, with political astuteness, to basically make things somewhat better, sometimes much better than they would otherwise be. Sometimes a few people were aware of what they did; sometimes nobody is aware of what they did. There aren’t medal ceremonies and often the people involved don’t think they would deserve one if the medals were being given out. But often they’re people, I found… in the cases I looked at carefully, who find that some situation or problem or difficulty affecting a person, affecting an organisation, is really bothering them; it gets under their skin. While other people would say, “Hey, why are you getting carried away about this?”, they care about it. They commit themselves and keep working tenaciously, so that over a period of time they find some ways to get stuff done.

Question: When most people think of leaders, they think of real brash types, even rebels. In business, for example, Jack Welch springs to mind as a well-known leader. The idea of a quiet leader seems almost the flip side of that.
JLB:
It is the flip side of a standard or stereotypical view of a leader who speaks the truth or says what has to be done, who inspires others to do it in a critical moment. But I’m sceptical that in the countless meetings Jack Welch spent his career going to, in each one of these meetings it was the Jack Welch Show, and that he heard what everybody had to say and then announced the right thing and inspired everybody to do it. You have the famous example of Rosa Parks (an African-American civil rights activist), saying, “I’m not sitting in the back of the bus.” Well, while that was a remarkable act of courage on her part, and in some degree was kind of a spontaneous event, she’d just had enough of this kind of treatment from one particular bus driver. She’d even stopped riding on his bus and got on by accident. She’d been to a number of civil rights training programs. After she was arrested, the people in the civil rights movement asked themselves, “Is this the right person... is this the right case to challenge segregated busing?” So there’s a lot of preparatory work and a lot of work afterwards. Quiet leadership is not really the flip side. If you look behind lots of great heroic leaders, you find them doing lots of quiet, patient work themselves.



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

Friday, April 12, 2013

Ravages of substance abuse: economic costs and implications

Substance abuse as a Societal Issue not just has an Adverse Impact on Individuals and Stakeholders, but also Impacts Organisational Performance in ways Unimaginable. There has been no formal Approach to Addressing this ill, but recent initiatives might Succeed in Working out a model that appeals to The Business fraternity as well.

Do you have any idea how much economic and social damage is caused by substance abuse? And are you aware of how much could be done to address the problems if only the business opportunities inherent in finding solutions were better developed and more widely known?


The social and economic costs
Think about the distribution pertaining to the severity of substance abuse in India. It ranges from low to high, with a large proportion of the population in the category of those with little or no use, the lowest level of severity, and with no need for any sort of special treatment. In the US, this category includes roughly two thirds of the population. At the high end are alcoholics and addicts whose problems have been diagnosed and are under going treatment. This is a very small proportion of the population, less than 1% in the US. In between these two extremes, however, are two other groups – those who would be diagnosed clinically as being dependent but who are not receiving treatment and many more whose alcohol and other substance use – though not addictive — is significantly harming their ability to function soundly. You would be surprised at how much of the population falls into these two categories. In the US, for example, some 24 million people are dependent but are not receiving treatment, and another 60-70 million people are not clinically dependent but fall into the category of “harmful use”, i.e. their use of substances has harmful effects not only on themselves but also on those around them. While, we don’t have reliable information for India, we suspect that the proportions are not too dissimilar, with somewhere around one-third of the population needing or standing to benefit from treatment but not receiving it.

Now stop and think for a moment about how substance abuse affects people’s performance in the workplace. Not only are employees less productive than they might otherwise be, but the probability that they will have accidents in the workplace increases and their impact on their fellow employees reduces overall productivity. And these are the people whose level of substance abuse is moderate; despite their involvement with alcohol or opiates, they are able to hold down a job notwithstanding their absenteeism and diminished productivity. They fall into that category described above called “harmful use”. What if there were interventions that employers could use to help them reduce their involvement with substances? How big would the economic payoffs to the companies be? Were they to receive treatment, we can hypothesise that not only would they be more productive in the workplace, they might be more effective in other roles they play in their families and communities. And finally, what about those people who would be defined clinically as dependent and who need treatment but are not currently getting any? What are the costs, economic and otherwise, to Indian society? Estimates of the economic costs alone run into tens of billions of dollars or more.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Thursday, April 4, 2013

Would you Send your Child to a Government School?

From Infrastructure to Accountability, Government Schools seem to be Perennially lagging behind. It’s high time The Government wakes up to the newer methods to force The Government-run schools to perform and deliver the best to Educate the future Citizens of this Country.

Mrs. and Mr. Khanna (Vasant Vihar, New Delhi) have been extremely worried since the last few months – the reason being their four-year-old daughter’s education. The major tussle was regarding the selection of a private school over a government one. “We just couldn’t risk a government school for our daughter,” is what they have to say. Unfortunately, they are not the only ones who have to go through this turmoil of parenting (deciding on the right school).

Even worse, this problem is not a recent development in the Indian education scenario in spite of the fact that the present government spend per child per month is more than the fees in 80% of the private schools. But still, the government schools in rural India are a pitiable sight. The scenario certainly differs a lot in the semi-urban and urban areas in terms of proper infrastructure, but the peril right now is that as much as 80% of the funds allotted to government schools is spent only on infrastructure and teacher’s pay and not on enriching the way education is imparted. Using it as an advantage, the private schools have managed to gain popularity among the parents.

Cut to the metros and there is a sea change in the way parents look at the type of schooling they want for their children. Most, if not all, believe that they should rather spend more and send their children to the nearest DPS (Delhi Public School) instead of a government-run school. As one of the parents points out, “I want my son to get educated in the new westernised method where there is much more than mere classes of English, History and Maths. Public schools have classes like mental maths, playing with ceramics, fashion and textile, and teachers are readily available for counselling to help build up the personality of a child.” In fact, these parents believe that the teachers in such schools are helpful and are willing to extend help even beyond class hours. But this is possible only for those who can afford such form of education. Thus, the question remains: What about the major part of the population that still can’t afford to send their children to these plush private schools?


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri

For More IIPM Info, Visit below mentioned IIPM articles

Monday, April 1, 2013

Dial RBI for Missed Numbers!

From Inflation to Liquidity Deficit, The Fiscal gone by has seen RBI missing on many Projections; still, The New Monetary Policy has Proposed high hopes. But Considering that India at Present is Living a trade off between growth and inflation, RBI needs to be more Serious and Realistic in its Approach.

For the past 18 months or so, India has been at the crossroads – unable to decide whether to control the inflation menace at the cost of growth or concentrate on a double-digit growth allowing inflation to take its natural course. Perhaps, that is the reason for which, we have only RBI fighting against inflation through its monetary policy measures. But what is hilarious is the performance of statisticians at the RBI headquarters. Because of them, the RBI is even more confused as to how far and how fast it should move to control inflation.

Amidst a high inflation rate of over 9% prevailing all throughout the last 12 months, perhaps, few must still be remembering RBI’s annual policy statement in 2010. With great amount of determination, the apex bank targeted to bring down inflation to as low as 5.5%. But after 5 rate hikes of 25 basis points each between April and November, the RBI finally realised that they are heading nowhere. So, by January the inflation target was revised to 7% and then to 8% in March, yet it was wide off the mark as WPI in March climbed 8.98% and this provisional figure, when revised, could get close to 10%. After the disastrous predictions in the last fiscal, in the Monetary Policy announced for financial year 2011-12, RBI has now pegged inflation at 6% with an upward bias. But, considering the increasing pressure on commodities in the country due to supply side crunch in particular and the instability in global crude prices, a revision of this target may soon become necessary despite RBI’s bold 50 basis point hike in repo and reverse repo rates early this month (eighth consecutive rate hike in less than 13 months).

But it’s not only on the inflation front that the RBI economists have floundered. RBI was also found in soup in case of liquidity management in the system. The bank’s measures to control liquidity was certainly in line with its measures to combat inflation till liquidity deficit shot up to unparallel levels. While RBI’s comfort zone is plus/minus 1% of net demand and time liabilities (NDTL) or Rs.500 billion, in the second half of the fiscal liquidity deficit climbed up to as high as Rs.1,700 billion and the deficit remained over double the RBI estimate for a good part of the second half of the last fiscal. So much so that the RBI had to undertake open market operations (OMOs) and other measures in the third quarter to ease liquidity pressure. In total, RBI had to purchase government securities of Rs.670 billion to control the situation till the government started increasing its spending in the last quarter.

But the question remains, why could the RBI economists not see this coming? Were they expecting this liquidity crunch to take care of inflation by anyway and it was just about to be proven as a fatal hope than a well calculated risk? The second seems to be more appropriate, at least for the way RBI kick started a number of measures to mitigate the liquidity deficit in the last quarter including reduction in the statutory liquidity ratio (SLR) from 25% of NDTL to 24% with effect from December 2010, and additional liquidity support to scheduled commercial banks (SCBs) under the liquidity adjustment facility (LAF, this facility, which was initially available upto 2% of NDTL, was brought down to 1% after reduction the SLR by one percentage point). In fact, the average daily net liquidity injection through LAF was at around Rs.1200 billion during December 2010 (Rs.900 billion in January 2011).


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 27, 2013

Can He Read The Writing on The Wall?

While The US National debt Currently stands at a Staggering $14.235 trillion, The Federal budget deficit is Estimated at Over 10% of GDP for FY2011. B&E Catches up with The US Department of The Treasury, Moody’s Analytics and Others to find a way out of The Situation for The US Government.

Just as the US economy seemed ready to hit its stride, new threats have appeared to trip it up. Well, the writing on the wall this time is: Federal borrowing is likely to hit the statutory limit very soon. In fact, as of March 14, 2011, the total public US debt stood at a whopping $14.235 trillion (about 103% of US GDP, and more than $1,00,000 per US tax payer), or just $59 billion below its present statutory limit of $14.294 trillion. Confirms Mary Miller, Assistant Secretary for Financial Markets at the US Department of the Treasury through a communiqué to B&E, “The Treasury Department now estimates that the US will reach the debt limit between April 15, 2011 and May 31, 2011.”

Though one would argue that the situation is not new for the US policymakers who have increased the statutory limit 17 times since 1990 (the debt limit then was $3.195 trillion) to its current level, there lies a catch! Although Congress plans to increase the ceiling once again, several Republicans have vowed to oppose the increase this time unless the Obama administration commits to deeper spending cuts. And if the Republicans go by their word, the government would be in a position where it could no longer borrow to fund its day-to-day operations, which perhaps might result in a partial shutdown or a default on debt payments by the US. This could even force credit rating agencies to downgrade the country’s credit rating (US at present has AAA credit rating), which not only would affect the much-hyped American pride, but will also more importantly result in bond investors demanding higher interest rates, thereby adding to uncle Sam’s overall debt burden.

Moreover, the issue pops up at a time when large annual budget deficits (for FY2011 the federal budget deficit is estimated at $1.645 trillion, over 10% of GDP from just 1% in 2007) are projected to continue indefinitely under current laws. In fact, if current policies remain in place, the US Congressional Budget Office (CBO) projects that while the national debt, subject to the statutory limit, will exceed $25 trillion in 2021, deficits will total $7 trillion over the next 10 years.

Unfortunately, while the nation’s budget deficit and debt load are out of control (the highest since World War II), President Obama’s recently released 10-year budget plan doesn’t generate the much-needed confidence that the economy’s fiscal problems will be resolved anytime soon. Agrees Mark Zandi, the US based Chief Economist of Moody’s Analytics as he tells B&E, “Obama has put forth a budget that isn’t sustainable even on paper. Even with a freeze on discretionary government spending – the President’s principal response to the fiscal outlook – projected deficits are too large to stem an unmanageable rise in the nation’s debt.”


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, March 18, 2013

Big Challenge is Positive Cash Flow

Ram Yadav, Head – Finance and Strategy, Orbit Corporation, In an Exclusive Interview with B&E’s Mona Mehta

Orbit Corporation has been one of India’s biggest redevelopment real estate players and has been much far ahead of any possible competition in Mumbai. Ram Yadav, Head - Finance & Strategy, Orbit Corporation, shares the current scenario for Orbit and its future plans and strategies:

B&E: How has this year been for Orbit Corporation in terms of financial performance (on basis of sales growth) and what are your future targets?
Ram Yadav (RY):
The sales growth has been phenomenal for us in recent times. We clocked fresh sales of Rs.7.894 billion in FY10 as compared to a meagre Rs.851 million in FY09 due to the slowdown. In the current financial year, we have already registered sales of Rs.3.44 billion. We are targeting a 30% growth in revenues in FY11. To achieve the same, we are ramping up our human capital, execution capabilities and building efficiencies in the overall processes.

B&E: What’s your take on the real estate sector’s major challenges and what’s your suggestion to investors interested in realty stocks?
RY:
Lack of transparency and industry level benchmarking in the real estate sector has created an environment of mistrust for the entire developer community. The challenge is to move towards greater transparency and better corporate governance for the sector. My suggestion to investors is that their time horizon of investment should be medium to long term as quarter on quarter results of a realty company is not a correct parameter of true value.

B&E: Amidst a tight liquidity scenario, what are the major challenges for Orbit and how will you tackle them?
RY:
The major challenges are to maintain positive operational cash flow and quicker maturity of projects under acquisition. To handle them, we are focussing on reducing inventory gestation and faster execution to shorten our cash conversion cycle and also on aggressive acquisition of projects under pipeline.

B&E: Is Orbit planning to enter into JVs for its upcoming real estate projects or looking at offering real estate services to other infrastructure/real estate companies?
RY:
We believe that the real estate business is local in nature and the best way to expand geographically is through JVs with local developers. Our company keeps on evaluating such proposals for JVs on a continuous basis. As and when we see an attractive opportunity, we may go ahead with JVs.


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