Corporate governance in India needs a shot in the arm...

Even business families too, in the US & Europe have started inducting professionals (outside their families) on their boards, realising the importance of a demutualised entity. Appointments of Allen Mullally as Ford’s CEO & William Perez as Wrigley’s CEO have been some of the recent high-profile entry into the boards of the companies that were guarded heavily by their families at one point in time. Corporate governance in India needs a shot in the arm, be it a professionally managed or family-owned. A recent issue that has made it to the headlines is the implementation of clause 49, which advocates for induction of independent directors on boards and many other provisions, which are in line with ethical practices accepted worldwide. Unfortunately, the enactment has been facing persistent delays and the deadline is being extended since April 2005; the first time when listed companies were asked to comply with. At the core of proper corporate governance lies the identification and correction of inefficiencies in the running of businesses. Creation of sustainable wealth can only be done by dhering to fair business practices & sharing it with all stakeholders. For more information on IIPM Editorial Article, please click here...,

Source: IIPM, 4Ps, B&E

Please also visit:

• IIPM Publications
• Business & Economy
• An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
  

The Publisher & Editor of Jammag Magazine, Rashmi Bansal could not be traced at her office at Prabhadevi or her residence at Navi Mumbai, for more information please click on the following links:

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG) eats humble pie; felicitates IIPM as being the top institute
• Rashmi Bansal (Publisher of JAMMAG)

The nawabs from Lucknow…

The company has successfully diversified itself into many sectors to become a conglomerate

Year 1978 -three workers and assets worth $43. 28 years later, in year 2006 – over a whopping 910,000 workers and Assets over $10.87 billion. That has been the exploding growth story of the Lucknow based conglomerate that identifies itself as the ‘world’s largest family’ – Sahara India Pariwar. It’s also among India’s largest private companies, but one without any owner as all promoters, share holders, directors and partners of the company are from the worker’s rank and have taken an oath through notary affidavit in the court of law that neither they, nor their family members can even share the profit or assets of the company. However, only two of the group companies – Sahara housing and Sahara One are listed entities. Basically a parabanking company, Sahara India now has a depositors base of a mammoth 61 million. That actually means the company is serving one in every 17 Indians.

To read more on IIPM Editorial Article, please click here...,

Also visit:

• IIPM Publications
• Arindam Chaudhuri Initiative
• Business & Economy
  

Source: IIPM, 4Ps, B&E

Mauritius beckons!

Mauritius is banking on Indian tourists like never before. The Mauritius Tourism Promotion Authority (MTPA) is targeting a 20 to 30% increase in Indian tourist inflow by the end of this year, and for that, special leisure packages have been worked out. These include 3 site-seeing tours, water sports and airport transport for anything between $400 to $3,000, depending on the hotel you want to stay in. There are also whopping 25-50 per cent discounts being offered to honeymooners. Already the statistics in this vacationers’ paradise – that gives facilities like visas on arrival – are impressive: during 2005, inbound tourism from India grew by 20.4 % (there were 29,755 arrivals). Till July this year 23,151 tourists have visited Mauritius from India (an increase of 30.7 % over 2005 for the same period). That’s India’s penchant for sun-kissed beaches!

For complete information on IIPM Editorial Article, please click here...

Please also visit: B&E and Arindam Chaudhuri Initiative

Source: IIPM Publication

Some other IIPM Editorial Articles:

• And now, Big Mac to grow southwards
• Garib Rath ready to roll out
• Netting in more users
• New heights for low costs
• Anil Dhirubhai Group
• Deadly Duo on fast track
• Get more out of ghee!
• Beauty with brains

The National AIDS Control Organisation (IIPM Editorial)

The other side is the demand. Here come the Ministry of Social Justice & Empowerment, the Chief Drug Controller under the Ministry of Health and the army of NGOs and de-addiction centres. It is their job to tell people of the risks of drugs and conduct campaigns to wean them off drugs. As part of this programme, the National AIDS Control Organisation (NACO) recently proposed that addicts be given clean syringes at government-run centres where they can inject small quantity of drugs without risking AIDS. “I’m not sure how much this will work. The crux is the family. The addict is born in the family. Addiction is a family disease,” says Oswald Pereira, one of the pioneers of drug and alcohol rehab work in India. Curiously, an old Indian family trait may be helping. Unlike in the West, where children are encouraged to leave home at the age of 18 and earn their living, Indian families tend to treat even 40-year-olds as children. “Even at that age, they can’t do anything without mothers intervening,” says Verma.

For complete IIPM Research & Publication Article, please click here...

Editor: Arindam Chaudhuri; Source: IIPM Publication

Foreign trade: Exports & imports

The petroleum sector accounts for 85% of export earnings. Exports aggregated to $55 billion and imports to $24 billion, in 2005. Goods balance stood at a positive of $31.5 billion in 2005, as against $22 billion last year. Non-oil imports aggregated $22.5 billion out of $24 billion of total imports in 2005.


For complete IIPM Editorial Article, please click here...

Editor: Arindam Chaudhuri

Source: IIPM Publication

Nokia N-Series: Naya daur, nayi manzil (IIPM: 4Ps Article)

BRAND : Nokia N-Series

AGENCY : Bates Enterprise

BASELINE : Naya daur, nayi manzil

DESCRIPTION : A punk removes his junk jewellery, chucks his torn jeans in the dustbin after trying on a regular new pair, cleans up his room; goes to a salon and chops off his long hair and gets a new clean crop. Coming out of the salon, he clicks his snap on his new Nokia N series sends it to his girlfriend, who is apparently pleased with her new-look beau. The ad ends with the voiceover: Naya daur, nayi manzil!

4Ps TAKE : The communication is crystal clear: Change is in the air, and it’s time you changed too. The new Nokia N-Series is positioned as the vehicle of change, the old order is passe. The colourful, vibrant ad is targeted essentially at the youth because they are ones who believe in change, in setting new goals and going to new places. The message is aspirational: who knows, maybe change can take the form of going upwardly mobile, getting to upgrade – to the Nokia N-series. The clinching benefit to the brand is moving ahead with the times. Visually pleasing, effective communication, complete clarity of positioning.

Bottomline: Great way to connect to people, yet again! Awesome!


For complete IIPM Editorial Article, please click here...

Source: IIPM Publication, Editor: Arindam Chaudhuri

IIPM Editorial ->Sydney is a city steeped in heritage...

Sydney is a city steeped in heritage, having trudged a long mile since its days as a convict colony when it housed a total of 568 male and 191 female convicts, who resided in huts erected using slender twigs and plastered with clay. Such was the history of the region that free settlers did not begin arriving until the year 1793. “Well, Sydney is Australia’s oldest city, not to mention the powerhouse that drives its economy and the continent’s true capital, at least in spirit.” As we drafted our plan of action, I couldn’t help but be intrigued by the fascinating conflux of the grey hairs and burning-red Mohawks before me. No edifice is as emblematic of a city as the Sydney Opera House, a unique centre for the performing arts and one of the most distinguished 20th century buildings to exist today, spherical-sectioned shells and all. “Y’know, the doe reminds me of an armada of boats with their sails all puffed out,” was the clipped declaration from my mate that exuded intellect unparalleled.

For complete IIPM Editorial Article, please click here...

Source: IIPM Publication, Editor: Arindam Chaudhuri