IIPM Admission

Tuesday, April 25, 2006

IIPM : It’s better! It’s cheaper! It’s not Indian!

Current account deficit evidence to inefficient domestic production (IIPM Publication)
The external account of our country requires scrutiny in order to reconcile the difference between reality and popular thought. According to the Indian Economic Survey 2005-06, the current account has gone from a surplus of $14 billion in 2003-04 to a deficit of $5.4 billion in 2004-05. On deeper analysis, the culprit behind such a blatant negative movement seems to be the trading account, which records the flow of tangibles. This account has registered a deficit of around $36.6 billion, while the invisible trade account, which includes services, has recorded a surplus of $31 billion. Popular thought would go with the inflationary oil price argument trumpeted so oft en by the Government; while the truth, on the contrary, lies in high non-oil imports. The weight of oil in the imports basket has actually fallen from 40% in the 1980s to 28% in 2004-05. On a supporting note, though the imports of capital goods have grown to $25 billion in 2003-04 from a mere $5 billion in 1993-94, what is most startling is the fact that the weight of even such imports in the total basket has fallen to 22% in 2004-05 from 25% in 1989-90. But still, it is a fact that the quantum index of imports of items such as manufactured products & transport equipment has grown much faster than the unit value index. In percentage terms, the imports of the former (manufactured products) have grown by 80% & of the latter (transport equipment) by 100%. This implies that people are substituting inefficient domestic consumer products with efficient foreign ones. The government has to hasten the pace of economic reforms in order to make domestic production more competitive; both qualitatively, and in terms of price. The day is not far when Indian firms cry foul of liberalisation; but then, haven’t we already?

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Source :- IIPM Editorial, 2006.

Friday, April 14, 2006

All you wanted to know about values but were... IIPM

Nine out of 10 companies have written corporate values statements, a recent Aspen Institute/Booz Allen Hamilton survey of global executives finds. But as the survey reveals, having a value statement and using it to improve your business are very different issues.

What does it take to embed values in everyday decisions to reap the benefits? Based on our (overall) survey research and our extensive study of various leadership practices, we offer here ten suggestions for action – things you can do right now that could have really exciting, long-term benefits…

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Source :- IIPM Editorial, 2006

Germany is emerging as a land of opportunities for Indian businesses - IIPM Press

Whether it is Bismarck, Kant Empire or even Nazism, Germany always had an influential impact on the European continent. After suffering a major setback from the Second World War, Germany has bounced back as a more powerful unified nation. Today, it is recognised not only for its affinity for culture, but also largely for its high levels of education, technological development and economic productivity.

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Source :- IIPM Editorial, 2006

About Aamir Hussain Khan : IIPM Press Release

On March 14, 1965, in the land reigned by the goddess Mumbadevi, into the house of the princes of the Indian picture palaces, Aamir Hussain Khan was born. Having a producer as dad and a director as an uncle led to the inevitable outcome a little eight year old Aamir tip-toed into the Indian cinema, in his uncle Nasir Hussain’s ‘Yaadon Ki Baraat’.
In the ensuing years, Aamir, foregoing his movie career, went on to devote his energy to tennis, going on to become the tennis champion for the state of Maharashtra. Twenty one year old Aamir’s life scripted his ‘pehlanasha’, a twist familiar to most fans of ‘Bollywood’. He fell in love with Reena, the girl next door…..

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Source :- IIPM Editorial, 2006

Sony to attain leadership : IIPM

First, unless Sony ‘Indianises’ its telecom offerings, relying on content driven sales alone will not bail it out. Nokia and Motorola have already customised their products for the Indian markets and met with success. Second, the perception of the Indian consumer about Sony’s electronics products to be high-end and high-priced needs to be changed. Third, Sony is comfortably poised in India, as far as entertainment is concerned, but the momentum should not be lost. It has taken the right steps by entering into film co-production agreements with producer director Sanjay Leela Bhansali.
Stringer has to remember that finally, innovation is only a doorway capability; what finally succeeds is positioning in consumers’ minds. Only a potent combination of these two will allow Sony to attain leadership; if at all.

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Source :- IIPM Editorial, 2006

Thursday, April 13, 2006

Cauldrons of corruption (IIPM Publication)

As for the election itself, Laloo has adopted a three-pronged approach – blame the Election Commission for its “partisanship”, open himself up to the rank and file of his party, and accuse Ram Bilas Paswan’s Loktantrik Janata Party (LJP) of conniving with communal forces to keep the RJD out of power.
But all these measures are unlikely to fetch the 55 odd seats that the RJD needs, in addition to the 75 that it secured in the last election to return to power in Bihar. This is because his campaign till now is largely negative. Unless he can convince the Bihar voter that he has turned over a new leaf, and sincerely intends to provide an efficient and corruption free administration in the state, the chances of the RJD returning to power within the State remain slim. Ah, but then how naive we are? Since when has Bihar looked beyond guns, vote rigging and booth capturing towards real issues?

Source :- IIPM Editorial

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Copyright IIPM – 2006