IIPM Programs

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

2006-12-15T11:59:00.000-08:00

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

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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:

The nawabs from Lucknow…

2006-12-08T23:35:00.000-08:00

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...,

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Source: IIPM, 4Ps, B&E

Mauritius beckons!

2006-10-04T16:30:00.000-07:00

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...

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Source: IIPM Publication

Some other IIPM Editorial Articles:

The National AIDS Control Organisation (IIPM Editorial)

2006-09-12T17:31:00.000-07:00

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

2006-09-09T09:33:00.000-07:00

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)

2006-08-30T23:11:00.000-07:00

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...

2006-08-16T23:59:00.000-07:00

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

IIPM Editorial : A disbelief in the ancient Egypt’s mathematical understanding...

2006-06-14T04:34:00.000-07:00

A disbelief in the ancient Egypt’s mathematical understanding of ‘Pi’, ‘E’ and perfect angles of the slope which have actually been used in the construction of pyramids, denial of the unusually flat surface of Khafre’s sarcophagus’ lid as a marvel of mankind’s chisel and hammer, placing up a 2.5 ton stone every 2 minutes for twenty years and many more stunners have even given way to theories trying to prove intervention of aliens for creation of the earth’s wonder that, despite controversy, remains incontrovertibly an awe-inspiring structure. Bewildered I stand, looking at the undeterred (for 5000 years) Sphinx on the Giza Plateau, where the sun rays fall directly on its face highlighting its features, pondering, what the stone carved witness wants to tell – a story of revelation of another world waiting to be explored, or just a tale of struggle of who lives longer in the life after death...

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

Source: IIPM Editorial

Who’s the next chief of the CIA? (IIPM Publication)

2006-05-22T22:46:00.000-07:00

Porter Goss, who resigned as Central Intelligence Agency (CIA) chief early this month is due to be replaced by Air Force General Michael Hayden. This recent news has become the latest matter of controversy in the USA. The matter has received a lot of attention from law makers and political parties alike. The appointment of the new CIA director is yet to be confirmed by the Senate, bringing Hayden’s term as National Security Agency director in 2001 under scrutiny. Most people are of the opinion that a civilian body such as the CIA should not have a military guy as its chief making itself indirectly dependent on the Defence forces.

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

Source: Publication, IIPM

Arcelor’s current market price (IIPM Publication)

2006-05-09T11:02:00.000-07:00

While that bit of negative publicity of Arcelor might be a one up for Mittal, it is still not going to be easy. Analysts claim that Mittal will definitely have to raise the bid, what with Arcelor management continuously calling the bid “undervalued.” But this analysis has to be tempered with two critiques. Firstly, Arcelor has not seen any rival bid that could boost up the market share price further. Arcelor’s current market price (33.69 euro) has been boosted primarily because of Mittal’s bid price (28.21 euros) which, at that time in January 2006, was 27% above Arcelor’s share price. Secondly, and more importantly, an impulsive April dividend payout to Arcelor’s shareholders (with an extra $6.17 billion cash payout) actually would backfire in the coming weeks on Arcelor as share prices always fall after discounting the dividend.

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

Source: IIPM Publication

Charge of the “Steal” Brigade?

2006-04-24T22:29:00.000-07:00

The early 90's tested Tata Steel in real terms. From plant shut-outs to its grand acquisitions, from Russi Modi to Muthuraman, and from a meek entity to one of the world’s most efficient steel producers – the rise of Tata Steel has been implausible. But against the might of Mittal Steel & Posco, Tata Steel might find all its achievements standing to nothing; or would it?

Every time the bird Phoenix rose from its ashes, it signified its immortal character. Likewise, Tata Steel has always defied the odds, be it the steel downturn of the 90s, or Russi Modi, the then CEO of Tata Steel, leaving the company in the years of turbulence, or the vagaries of the cyclical steel industry. Yes, Tata Steel has borne it all; and much successfully. But the new decade brings new smelted winds, some of them molten enough to vaporise even the most prescient of all corporations; and those are the winds of global steel manufacturers – like Mittal Steel & Posco – trudging batallion-like into India; manufacturers in front of whom Tata Steel seems lesser than even half a match; firms, for whom, bludgeoning Tata Steel could be easier done than said; companies, for whom acquiring Tata Steel could be done over dinner, or just to satisfy egos. Would Tata Steel be able to take on the financial where with all of these behemoths? Would B. Muthuraman, Managing Director, Tata Steel be able to fight their might? In reality, will Tata Steel even survive?

For complete IIPM publication article, click here...

Source: IIPM - Business & Economy

The Intelligent design

2006-04-17T04:11:00.000-07:00

Intelligent design raises the question whether it is intelligent to disregard scientific evidence about matters of supreme importance to the nation and world like global warming. Read More on IIPM Publication, please click here...

Source: IIPM - Business & Economy

GDP (un)growth

2006-04-04T04:51:00.000-07:00

Jobless growth should be arrested
Current global employment scenarios are in a somber state. Irrespective of the level of development and rate of growth, the incremental rate of job creation in nations has been falling over the years. According to International Labour Organization, though the world economy posted a decent growth of 5%, global employment grew merely by1.67% from 2004. From 2002 to 2003, while the unemployment rate in East Asia aggrandized from 3.1% to 3.3%, in the Middle East and North Africa, it increased from 11.9% to 12.2%. Though in South Asia, it remained stagnant at 4.8%, the sub-Saharan African countries saw a rise from 10.8% to 10.9%.
For More on IIPM Publication, Click here...

Source: IIPM - Business & Economy

A mature Congress yuppie

2006-03-31T01:46:00.000-08:00

The man from Madhya Pradesh was always colourful; now he is also mature
He is the archetypical Doon School yuppie who seems to have matured into a politician dyed in the Congress mould. Never too far from controversies, Kamal Nath seems to have confounded even his critics with his performance as the Union Commerce and Industry Minister. Along with Finance Minister P. Chidambaram and Petroleum Minister Mani Shankar Aiyer, Nath handles the most important economic policy making portfolios for the country right now. And thanks to the importance of ongoing negotiations at the World Trade Organisation (WTO), he can be invariably seen in television news channels and newspapers. Read More...

Source: IIPM - Business & Economy

IIPM - B&E

2006-03-27T02:16:00.000-08:00

But more than this, global textile firms have succeeded, only based on long term purchase contracts with high net worth retailers. Lalbhai confirms the view by asserting, “Arvind has always had a long and strong relationship with major global brands such as Levis, Tommy Hilfiger, Nike, Reebok, Adidas and others.” These are the relationships that have to be leveraged on. Having a global presence in the long term would ensure sustainable captive markets. More on IIPM Editorial....

Source: IIPM - Business & Economy

The Peregrine Falcons (IIPM Publication)

2006-03-23T00:40:00.000-08:00

In the twenty first century, a new aspect to this awe inspiring bird was added as the face of hope for the endangered animals. While the tigers and whales face the threat of extinction, the Peregrine falcons have boomeranged from the same situation after intensive research and breeding them in captivity. Not just any bird or sport this, for an extraordinary bond has been etched be twixt them and our brothers of the desert. Transcending their roles as mere birds of prey, the falcons and their falconer are icons of the desert life, of a sport, woven intricately into the lives of the sun soaked Saudi Arabians.

Source: IIPM - Business & Economy

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IIPM Programs

2005-12-15T22:36:00.000-08:00

IIPM founded in 1973 is one of the most esteemed business schools in South Asia. IIPM has been rewarded with the most comprehensive linkages with all facets of the corporate world for its distinctive focus on national economic planning and highly researched management process control techniques. IIPM offers the various under-graduate and post-graduate planning and entrepreneurship programs (which has higher value than the standard MBA and BBA programs) together with IIPM's Fellowship, Executive Education (and Global Opportunities and Threats Analysis programs where students visit organizations like the United Nations (Geneva), World Bank, ILO, Nestle S.A. Vevey, IMD Lausanne, Credit Suisse etc.) which has formed the premier standards in the field of management.

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