“In india, for india...”

B&E: How did you started off in India?

VR: GE Healthcare came to India in the year 1990 through a joint venture with Wipro Corporation. We obviously started at the bottom of the table as most of the big players had established business in India. GE Healthcare was represented through a GE business unit called IGE, which had some presence in the X-ray imaging business. Thus, our immediate vision was to establish ourselves as a top-of-the-line medical equipment supplier and a preferred partner for Indian healthcare practitioners.

B&E: So, how has been your journey till date?

VR: The biggest challenge we faced was do get business from the government. As we were a new entrant in the market therefore we could not grab a good mind share and were able manage only a meager percentage of its business. It took us time to educate them on our technology and service capabilities. However, today, with our investments in technologies, resources, education, et al, we are getting a good chunk of government business as well. Other learning was to bring in more local products and solutions for the local market. We believe we could have accelerated with “In India, for India” solution a lot earlier.

B&E: What is your advice to a MNC that plans to enter the Indian market in the near future?

VR: India is a huge market, but it’s a unique market. On one hand, it has an urban market, which is at par with the developed world, on the other it has a huge under-developed market that is crying for basic necessities. I would say that the key to growth in India to get a deep understanding of the Indian consumer. One should be patient enough to play a long innings and should bring out products/solutions that are aligned to Indian consumer needs.

B&E: What, according to you, are the factors that must be taken care of by the government?

VR: Infrastructure is a big issue here, whether it is road, electricity or healthcare, it really needs to be improved. However, government seems committed to growth and is willing to invest in infrastructure. It’s a very good sign.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2009

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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WHO MOVED MY CHEESE?

Sectoral analysis, biggest losers and gainers and even the winning “alphabet”. Here’re a few nuggets from right under the magnifying glass.

Gen-X on a roll
The IT revolution and media boom have provided Young Brands (1 – 20 years of existence) a higher presence in the list, while Legacy Brands (over 50 years old like SBI, ToI and Tata) are not too far behind. Booming Brands (20-50 years old) have the lowest presence.

They love slowdown, perhaps...
They are the real cheese movers. When the whole economy was struggling to shrug off the global crisis, these handful of brands were actually busy in winning consumers’ heart; thus pushing themselves up in the list of 100 Most Valuable Brands. Nescafé has emerged the best in the league by moving 30 positions up from 76 last year to 46 this year, followed by IOC with 19 positions. Is it that people drink more coffee and travel more during slowdowns??? Check that the next two big gainers are two auto brands. Well, looks like it’s time for yet another survey...

But they hate it for sure
They have a reason. They are on the wrong side of the curve. JK Tyres has gone down 32 positions from 67 last year to 99 this year, followed by DLF that has dropped 21 slots. Clearly, it’s the real time impact of sluggish economic conditions on the real estate sector.

‘H’ for Highest... ‘S’ for Smartest
Don’t worry, this is no kindergarten. But check this out, brand names starting with ‘H’ and ‘S’ actually have the maximum presence in the 4Ps B&M 100 Most Valuable Brands list.

But they hate it for sure
They have a reason. They are on the wrong side of the curve. JK Tyres has gone down 32 positions from 67 last year to 99 this year, followed by DLF that has dropped 21 slots. Clearly, it’s the real time impact of sluggish economic conditions on the real estate sector.

‘H’ for Highest... ‘S’ for Smartest
Don’t worry, this is no kindergarten. But check this out, brand names starting with ‘H’ and ‘S’ actually have the maximum presence in the 4Ps B&M 100 Most Valuable Brands list.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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South Indian Bank Ltd.

IIPM conceptualized the grand final of Dare ‘10 — the most prestigious of international B-school student quizzes

Entry Price: Rs.118
Target Price: Rs.135
EPS: 20.3 (FY10E)
P/E: 5.8 (FY10E)
Time Duration: One year
Rationale: South Indian Bank (SIB) is one of the better-performing old private sector banks. Largely concentrated in the semi-urban areas of the Southern states of India, SIB’s profitable, cost-efficient and technologically up-to-date network constitutes a reasonably attractive standalone franchise. The Bank’s Deposit franchise includes a niche NRI customer base that contributes a meaningful 17% of deposits and gives it a distinguishing cost advantage over several of its peers. At the same time, the Bank is trading at the cheapest valuations among peers.

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Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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GOT 5.2 MN. IN THE BAG

Virgin Mobile USA acquisition may not be a game changer for Sprint unless...

If you were a customer of Virgin Mobile in the US, congratulations. For you have just got owned! Soon, you will be a Sprint subscriber, without any effort to change operators. Mobile number portability has come to unprecedented levels, hasn’t it?

Not exactly. Your status change (even if unsolicited) has more to do with Sprint Nextel (third largest service provider in the US) deciding to go ahead and acquire Virgin Mobile’s operations in the country for $688 million; which will substantially enhance its market presence. But can this fix the numerous loopholes that have sprung up in Sprint over the years? Or will this prove to be another Nextel in the making?

The last year and half has been extremely challenging for this operator as it witnessed a massive churn in its subscribers. According to analysts, the reason for Sprint Nextel’s current day problem was the acquisition of Nextel in the year 2005. Post that acquisition, there have been numerous complaints in regards to its customer service as well as quality of network and that has resulted in many customers churning out of its network; most of these customers were the lucrative postpaid customers. In the last quarter about 9,91,000 postpaid customers ‘bailed out’. Additionally, Sprint had also posted a net loss to the tunes of $384 million in that quarter.

However, since the dawn of 2009, the company has been working to rebuild the lost trust. One of the breakthrough steps was entering in an exclusive tie up with Palm for their Palm Pre handset, which had recorded impressive sales in its opening weekend and continues to go strong. Dan Hesse, CEO, Sprint Nextel, said, “The widespread visibility surrounding our record-breaking June launch of the Palm Pre handset gave us the unprecedented opportunity to showcase these improvements to customers as ‘a new Sprint.” The company also had the good fortune of its 3G network being described by PC World magazine as the most reliable among competitors.

So, will this acquisition help Sprint Nextel in getting any better than its competitors, namely – AT&T and Verizon Wireless? Well for starters, Virgin Mobile USA has primarily prepaid customers and according to Sprint Nextel its acquisition is a part of the company’s effort to expand its prepaid cellphone business as it struggles to compete against its mighty rivals. Virgin Mobile USA, too, had acquired Helio last year, (another prepaid operator), so it would be the combination of two that Sprint would be picking up.

However, the addition of another 5.2 million subscribers may not take it any closer to its rivals. “What goes in the favour for Sprint Nextel is that Virgin Mobile USA is one of its customers; so this acquisition will be very easy, in fact could be invisible to the customer, which is good for the customer,” reasons Jeff Kagan, global telecom analyst. Virgin Mobile USA has been operating through a Mobile Virtual Network Operator route in the US market and has mostly focused on the youth market and has been successful in this regard. The devices it offers, too, are more basic; offering features like telephone, music and messaging in sync with their target (youth) market. They have, however, failed to gain trust and acceptance of older customers. As this UK brand was operating on Sprint’s network, the synergies would be significant. But they are playing quite a gamble by betting on the future of the prepaid market, which has not been as good a money spinner as postpaid in the US for years.

So, Sprint must ensure that it also simultaneously reduces the churn in its postpaid business through more exclusive handset deals and better services to customers. Unless that happens, the company can’t hope to sprint very far. Hurray to age old mobile number portability!

Surbhi Chawla

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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THANK TELCOS FOR SMALL MERCIES...

IIPM set to beat economic slowdown

Cheap services and small handsets fueled India’s telecom boom. The stakes are not about to change anytime soon

The latest buzz to have gripped the telecom world is the launch of Reliance Communications’ (RCOM) GSM service. In a bid to increase subscriber tally, RCOM is targeting people whose Average Revenue Per User (ARPU) is less than Rs.300 per month, unlike the old ideology of chasing high-usage customers. With the second largest telecom operator making this move in the highly competitive telecom industry, it won’t be long before we see others treading a similar path. “RCOM’s GSM foray was expected to cause some disruption and their strategy to chase lower ARPU customers and giving away prepaid connections at virtually throwaway prices of Rs.25 each (along with free talktime worth Rs.900) are steps in that direction,” avers Prakash Gaba, an independent telecom analyst. But then arguably telcos had always taken pro-active steps to ensure getting even low-cost customers into their net. Vodafone’s chhota recharge was undoubtedly a step in that direction. Further, entry of new players like Unitech, Videocon, et al, would eventually make for still cheaper tariffs by at least 20-50%. Some say local calls would soon become as low as 10 paisa/minute!

“On VAS front too you find that micro-payments driven services are more popular and the trend is expected to only gain momentum,” explains another telecom analyst. Clearly, ringtones and caller tones will continue to be the most popular VAS after SMS. Also, analysts feel that the year would see a further reduction in SMS charges so as to ensure that the volume of SMSs do not fall in 2009.

A similar trend is also expected on the handset front. Though the low-end category in handsets have always been doing well, but of-late handset biggies had begun focusing profusely on the premium segment. The failure of Apple’s iPhone coupled with the slowdown induced fear instinct among consumers has made Nokia, Sony Ericcson, Samsung, et al, look afresh at the category. This year, they expect new customers in the mobile markets to be much higher than people opting for replacements. So, market leader Nokia has already announced the launch of Nokia 1200, very similar to their iconic Nokia 1100. To give more teeth to their entry level portfolio, the company has also launched handsets like Nokia 1208, Nokia 1209 and has plans for 1202, 2330 classic, 2323 classic... Even Samsung’s success (the company has now bagged the second spot in the handset market) is mainly attributable to the slew of entry level phones it launched last year. In 2009, this Korean handset maker is looking at expanding its base in the entry level handset market, positioning its sub-brand handset Guru300 as their star product.

The race to offer value-for-money, affordable handsets continues with Spice Mobile launching a people’s phone that costs only Rs.800 (minus a display screen & SMS sending services). But more popular perhaps would be Sony Ericsson’s R300 and R306, both AM/FM phones that are competitively priced. Clearly, slowdown or not, India’s telecom segment is going to be ruled by small ARPU’s, smaller recharges, cheap VAS and value-for-money handsets; while the phones themselves will get lighter, slimmer and yes, smaller on the pockets!

Surbhi Chawla

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
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Small striking big gold

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Brand : Maruti Alto
Agency: Lowe
‘Let’s Go’ campaign generated a decent brand equity for Maruti’s Alto in India and the ‘Boondon Mein…’ campaign in 2005 set the stage for it’s positioning as a small yet a family car. The result: sales volume crossed the one million mark in 2008 recording highest ever domestic monthly sales of 22,784 units in November 2007. It would be interesting to see whether Alto’s price is slashed to match Tata’s ‘Nano.’

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Brand: Santro

The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School

Agency: Innocean
Convincingly effective
It’s teaser saw Kim Dong-jin (Hyundai’s Chief Executive) convincing SRK about Hyundai’s quality and brand Santro. The launch campaign went a step further when Shahrukh said, “I’m Convinced,” to Kim, giving India’s teeming middle class an assurance of Hyundai Santro’s quality. Within four years of its launch, Santro became the second largest selling car in India displacing Maruti’s Zen. Now that’s what we call effective usage of a celeb to multiply brand promise. Convinced?

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).


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Will my tomorrow be safe?

As the global banking giants head towards their worst time ever, Indian customers are worried about their money parked with them in India

Mitali, a call-centre executive, still remembers how her friends persuaded her to change her decision when she was planning to park some of her hard earned money in a safe investment avenue like fixed deposits. They argued against her decision to opt for a public sector bank, talking about the foreign banks’ service qualities, global reach, high standards et al. And today, when she is worried about the safety of her money, all those so-called advisors have ran out of words. But then, Mitali is not just one the only one going through this confusion, there are many more like her who are currently going through it. The basic question that’s in their mind is whether their money is safe or not in the hands of these glitzy, glamorous foreign banks?

Everyone must be remembering the whole frenzy episode attached to the adverse news that hit ICICI Bank in September last year. Almost all the ATMs of the bank were drained out in one day, only because there was a rumour which said that the bank had a major exposure in Lehman Brothers, the giant US investment bank that collapsed last year. If a link to a collapsed bank can create such panic in the minds of millions of the customers of India’s largest private bank, one can easily understand feelings of those whose money is placed in banks like CitiBank, which is currently undergoing the worst phase and struggling to survive. Explaining the impact of global turmoil on Indian units of the global banks, Karthik Srinivasan, Co-Head, Financial Sector Ratings, ICRA said, “It would definitely affect the foreign banks operating in India as in many cases these units are more like branches of their global counterparts, not standalone entities. So they cannot keep themselves away from the hit taken by the original company. However, at the moment it’s too difficult to say to what extent they suffer.”

Apart from the current financial health of the other factor that aggravates this skepticism is the guarantee cover for deposits made in India, which is pegged at just Rs.1,00,000 compared to 50,000 Pounds in the UK and $1,00,000 in the US. Interestingly, the DICGC (Deposit Insurance and Credit Guarantee Corporation) cover has not been revised since 1993 unlike other major countries who have already taken the initiative. Considering the global scenario and the domestic norms, it’s definitely a difficult time for Indian depositors to have faith on the foreign banks. So much so that in a recently conducted 4Ps B&M and ICMR Survey on Indian banking industry only 17% voted for foreign banks when they were asked their preferred banks.

However, before jumping on to any conclusion, consumers must actually understand that the situation is also dependent on the host governments’ attitude towards respective foreign banks. For example, Barclays can be a safer option today as compared to Citibank for the fact that the British Government is reassuring its banks a big way. The corporate status of the bank is also a major decisive factor for the banks at the moment as those banks, which are working as a subsidiary of a foreign bank are relatively safer than those which just have their branches operating in India. Thus for the confused bunch of people like Mitali, it’s actually the time to first know their banks. So who is ready to prepare the KYB norms?

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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It’s all about timing

The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School

With blue-chips trading at their rock-bottom levels, it’s time for investors to strengthen their portfolios

American humorist Arnold H. Glasgow rightly said, “Success is simple. Do what’s right, the right way, at the right time.” And it’s time for the Indian investors to understand the value of his words. After a year-long carnage, most of the high-voltage stocks seem to be trading at their rock bottom level. That means stocks, earlier which were out of reach for the retail investors, are now standing right at their door steps to be picked up, but of course, not without following the basics.

Rajen Shah, Chief Investment Officer, Angel Broking Limited, advises, “This is the best time to buy into the market as all the stocks are on a low and once the market improves and stocks value picks up gradually, the investors would surely earn a fortune. The equity market is likely to roll back to normalcy soon and we would see the BSE’s Sensex again touching the 21,000 mark and going beyond three years down the line i.e. probably in February 2012.” Going by his words, this is actually the right time when retail investors should seriously consider some asset building exercise in the stock market with a long-term perspective in mind. Also they should look up to blue chips or such other stocks, which have already proven their metal in the market during earlier recovery phases, for a better output in future rather than indulging themselves in mid-cap and small caps that tend to be highly volatile. Agrees N. Wadhwa, Managing Director, SKI Capital Service Limited, as he says, “People should invest in large cap companies with a sound business model. They should keep themselves actively involved in the market dealings and keep themselves constantly updated about the market conditions to pocket a better return in the long run.”

Large caps like L&T (trading at Rs.580 today as against a high of around Rs.4,300 last year), Hindalco industries (trading at Rs.39 as against last year high of Rs.215), ACC Ltd. (trading at Rs.531 today as against a high of around Rs.1,030 last year) and Sterlite Industries (trading at Rs.250 presently against Rs.1,033 last year) et al can actually do wonders for an investor down the line. These are shares of such companies, which have the potential to shoot up really high once the markets witness recovery. But, investors investing at the moment must be a little patient in their approach and hold on to those scrip for the right time to arrive. After all right time is what matters the most in the stock market.

Deepak Ranjan Patra

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Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Detail of all IIPM branches
IIPM set to beat economic slowdown
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IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
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Death of Windows OS?!

The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School

Google’s Android OS is all set to rewrite tales in the OS market. But can the newcomer really beat the big daddy?

After making inroads into the mobile phone market (with its G-Phone), Google has now decided to get back strong at where its journey started, the PC. Yes, the Mountain View giant is widely speculated to be working on getting its Android Operating System running soon on computers by 2010, thus challenging the dominance of Microsoft’s Vista and XP(which have been estimated to garner 95.4% share in the OS category by end-2009, by Gartner). Rob Enderle, Principal Analyst, Enderle Group asserts, “It is part of Google’s strategy to eventually displace Microsoft. If it is successfully able to get into the market, one would definitely think of incorporating a platform which is an open source and can be customised...”

What would however stand in favour of Google is its brand that has earned a reputation for being simple, user-friendly and secure. This also means that Google might just be able to get its software loaded onto low-cost PCs and notebooks, a field where Microsoft has failed miserably so far. Technically, the Android OS is based on the Linux operating system and is open to any programmer who wants to develop features for it. As per Gartner, today, Linux accounts for about 15% of the mini-notebook market compared to 85% of Windows. The report further went on to reveal that Linux had less than 1% share in overall OS market; this therefore is also an opportunity for Linux to gain good ground. Android would carry forward all the features of Linux, which definitely makes it a safer and more secure OS than Windows. For instance, it will be based on a multi-user design, built from ground-up to isolate users from applications, files and directories that affect the entire OS. Each user will be given a directory where all the data files and configurations will be stored. Thus, it becomes impossible to send a virus through email to an Android user. On the other hand, Windows has only recently evolved from a single-user design to a multi-user!

Then there is the modular design that Android would ape. From the kernel (the core “brains” of Android) to the applications, no two application would be inextricably intertwined with any other application in the OS. This is an advantage over the Windows OS which basically is monolithic in design (and not modular). The OS will also not be constrained by a Remote Procedure Call (RPC) model which are potentially security threats. An RPC is when one program sends a message over a network to tell another program to calculate something and then return the result. The reason it is called RPC is because it is immaterial whether the parent program is running on the same computer, or any other cube over the internet, anywhere. (Un)Fortunately, this is also where Android scores over Windows, as Windows users reply heavily on the RPC model which can’t be disabled even with firewalls!

Finally, the Android would be ideal for ‘headless’ (system hardware sans the monitor) non-local administration. For servers, this is often the ideal type of arrangement needed as a remotely administered server is not exposed to the same risks of security breach as a locally administered server. Really, it’s too early to predict whether Google will do to Os what it did to SEs (Search Engines, of course!). The interesting part of the story is how Windows reacts to the change in OS market dynamics... Perhaps, Microsoft has finally found a real worthy adversary; the war is on (hell ya)!

Arun Kumar Roy

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Detail of all IIPM branches
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM Admission Detail
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION

Mob’ile attack!

The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School

Will Dell make a successful foray into the smartphone market? Or is’t just a distant dream for the American?

Dell is rumoured to be planning an annoucement of its smartphones at the upcoming GSMA Mobile World Congress in Barcelona to offset slumping sales of personal computers. As per market reports, Dell plans to introduce smartphones that can compete with Apple’s hugely popular iPhone and RIM’s Blackberry. As per a report in WSJ, the phone will in all probability be based on Google’s Android OS and Microsoft’s Windows Mobile software. It is said that the Round Rock, Texas-based computer manufacturer, which is the second-largest producer of PCs in the world, has been designing the prototypes for quite sometime now. It is also being widely speculated that Dell has set up a core team for the same purpose at Chicago. The team is said to have been working on a top-secret smartphone project for the last year. This release of the cell phone would also work well for Dell, especially considering its year 2007 acquisition of Zing Systems, that could allow it to grant its users facilities of music streaming across its devices, for some price of course!

One question however remains: can Dell establish a position on the smartphones platform that can compete with the smartphones of Apple, RIM, Palm and others? Given the cool down in Dell’s core PC and server business in the face of the current donwturn, there is no doubt that the given launch can help it tap newer markets. But many analysts also don’t agree to this. As per them, in the face of a formidable competition from Apple, RIM, and the forthcoming Palm Pre success in the smartphone market is easier said than done. “There is a $3 billion opportunity for smartphones, but at present smartphones have a very small fraction of that. This means that the market at present is far from settled, thereby allowing new entries to more easily prosper,” avers Rob Enderle, Principal Analyst, Enderle Group. “Smartphones market has grown at a tremendous 30-40% (annually) over the past few years, and is expected to grow in the future as well,” adds Shushmul Maheshwari, CEO, RNCOS. The happy news is that today, everyone wants to move up the value chain and therefore own a smartphone. “If successful, Dell is likely to get a great piece of this significantly rising demand,” says Maheshwari.

Then there are many experts who foresee a bright prospect for Dell’s smartphone. Dell is well known for its online retailing, and if leveraged well, it could make its smartphone a compelling device. On the other hand, if Dell’s product is successful in gaining attention of end-customers, it will definitely have an adverse impact on other smartphone manufacturers. This would cause a reshuffling in the current market landscape, with Dell finding space in the market which is currently dominated by players such as RIM, Nokia, HTC, and Apple. Realistically however, it will take it some time to create a dent in the market.

Thankfully, analysts do not find anything wrong in Dell’s decision to enter the smartphone market, though it also depends on the final execution of design. “The iPhone could have been disastrous for Apple but they executed it so well that it is now one of their greatest assets. If Dell can execute it similar to how Apple did, this will prove to be very successful for it.” Wonder, if the day will ever come when Dell will have to choose over which product line to drop; but if at all, that will only be likely in the next recession, another decade later!

Arun Kumar Roy

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Detail of all IIPM branches
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM Admission Detail
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION

LIGHTS, CAMERA, CRICKET! AND BEYOND…

1500-plus IIPM students placed across the country with 44 bagging international offers

IPL WAS UNDOUBTEDLY A BIG HIT IN ITS FIRST SEASON. BUT CAN LALIT MODI CARRY THE IPL TORCH ALL THE WAY TO ITS SECOND SEASON AS WELL?

“We added a lot of music to the games... A Bollywood movie is three hours. This is a three hour function. A lot of good food and catering and popcorn and ice cream for the kids,” that’s how Lalit Modi, India’s first ever cricket marketer and Chairman Indian Premier League (IPL), describes the India’s version of the Super Bowl. He was on CNN’s Talk Asia. Certainly, IPL is not only remembered for the hype that it created among cricket fans the world over, but also for the oodles of star power, scandals and controversies created by it. So one day there was Vijay ‘Kingfisher’ Mallya firing team CEO Charu Sharma; next day, the spotlight was on cheerleaders and their skimpy outfits; then, Bhajji slapped Sreesanth on-field, followed by a ‘no entry’ board thrust at demi-God SRK when he tried to enter the dressing room. Above all, the moolah, which IPL generated in the first season created maximum buzz. And Modi was the man in the thick of it all, commandeering each piece of the IPL action. Modi does have his detractors, who blame him for spoiling the spirit of this gentlemen’s game. There are others who believe that the business model is flawed. But Modi gives it back to them. “If people are raising doubts about IPL making money they simply don’t understand our model,” he told 4Ps B&M.

But the glass is also half empty. Still in its nascent stage, IPL’s long-term success will not be a cake-walk. Constant innovation will be mandatory to sustain viewer interest and competition from Subhash Chandra’s rebel league (ICL) may also pose a challenge. Noticeably, the first season of IPL lagged on the merchandising end, as Gautam Bhimani, Commentator with ESPN–Star Sports feels, “Leagues in the West innovate to help merchandising gain a momentum. It will also pick up in India, but it all depends on the tactics adopted.” Clearly, there is still plenty of work to be done on that front. But, here’s the optimistic side. Much before IPL’s second season kicks off, companies have already started lining up to be associated with the league. “From a marketing perspective, IPL gives us a huge platform for promotion,” asserts Subhinder Singh Prem, MD, Reebok India.

Undeniably, Modi has created a successful brand, and keeping in mind the popularity of the format (T-20), the near future looks rosy. “T-20 format is here to stay, especially after India winning the T-20 World Cup,” mentions Bhimani. Modi has hit a sixer, but will he win the match?

Pawan Chabra

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Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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IIPM set to beat economic slowdown
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A prescription to end corruption

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Unique identification of every citizen will help kill the corruption malaise in developing economies

Kris Dev,
ICT & e-Gov Consultant, Manthan Awardee for e-Inclusion & Livelihood Creation

What ails the under developed and developing nations? Reply: corruption leading to self perpetuating poverty. Reason: lack of honesty & transparency. Result: lack of accountability for sustained growth. Economy is divided between rich & poor; the rich are growing richer and the poor are growing poorer. The poor cannot afford essentials such as food, clothing, shelter, health, education and social security. The division is so sharp between communities, while a rich family can afford to spend ¤500 per week on food items, a poor family of the same size can hardly spend ¤5 per week.

Does this mean all citizens living in a poor nation are poor? Well the answer is a ‘NO’. The wealth in a under developed/developing nation is skewed. Almost 80-90% of the wealth of the nation is in the control of say 5-10% of the population. The majority of the population hardly has access to any wealth and live in abject poverty.

One of the biggest factors is ‘Corruption.’ It is the cancer eating into the vitals of the society. It has permeated into all facets of life, affecting the poor and voiceless. Today, the common man with no money or muscle power, cannot think of getting any thing done in the developing world, without having to pay bribe.

Global institutions such as World Bank, IMF, and UN must enjoy legitimacy from their member countries and the international community. They must be responsive, with the interests of all members, especially the smaller and poorer, being taken into account. The governance of these institutions must be flexible, must respond to new challenges, national priorities and specific circumstances.

A scathing report from the Independent Evaluation Office (IEO) of IMF highlights the lack of transparency and accountability in IMF. The IEO measured governance along four dimensions – effectiveness, efficiency, accountability and voice – and against three standards – the Fund’s own governing documents, other international organisations, and private & public-sector corporations. The report finds accountability and voice are the weakest features of the Fund’s governance and these weaknesses entail risks to the Fund’s legitimacy, which in turn has a bearing on its effectiveness.

If this is the situation with global institutions, we can well imagine what would be the situation with national and regional institutions. No wonder they abound in corruption of all sorts and get away with it. Then, how do we get over this corruption mania? One sure way would be to plug all the leakages in the system. This cannot be done without active support of the governments and its citizens. A unique identification of every citizen is the primary requirement. With the advent of ICT tools, every citizen can be uniquely identified from birth to death using unique identification methods such as fingerprint, iris, hand vein geometry and DNA linked to their ID, name, photo, etc.

A Multi Purpose Biometric Smart Card for every individual and organisation linked to a money account and a e-Tool to link every citizen and service provider/public authority including the vertical and horizontal hierarchy of governance can be used as a single window of transactions for G2C, G2G, B2B, B2C, etc. If the transactions are thrown open, then total transparency and accountability can prevail, as envisaged in the Right to Information Act.

Healthy citizenry can be created by covering all aspects of citizens from birth to death such as health, hygiene, housing, education, employment, expenses, consumption, savings, social security, et al, based on genuine physical transactions and not ghost transactions. Thus corruption, money laundering, arms trade and terrorism can be eliminated and all round peace and prosperity can prevail as every one would feel good that no one can cheat any one and all have equitable opportunities to contribute and grow.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Bose Wave Music System

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Technical Specification

Waveguide speaker technology, multiple CD play modes, MP3 CD and CD-R/RW playback capability, large visual display with extra text information, digital AM/FM tuner with seek function, automatic ramping, shielded speakers
PRICE: Rs.30,263
WARRANTY: 1 year limited manufacturer’s warranty

Simple to set up and use, sound quality from this second generation Bose Wave music system is much superior as musical notes extend a half-octave lower than the original Wave Radio/CD system. With slot-loading CD player, which now also supports MP3 format, the system surely happens to be one of the finest music systems in the market. Further, an easy access to radio music and programmes with built-in FM/AM antennas, it only sets a whole new standard in audio system. In fact, amplifiers and speakers are all built-in so that one can enjoy quality sound right out of the box. Well, it also has award-winning killer looks which will either tempt you or haunt you for days and days...

Marketers’ delight: For consumers who want a compact yet powerful audio system which is delightfully easy to use.

Tester’s note: Pros – Attractive design. Excellent sound. Line-in support for other devices. Cons – On the expensive side. No bass or treble control.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
Now IIPM's World-Class Education... for everybody!!
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
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IIPM’s 36th Glorious Year of Academic Excellence
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When IIPM comes to education, never compromise
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Inflation deflating Congress

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Inflation has been a critical factor in the downfall of governments worldwide. IFor instance, it was the unaffordable prices of essential commodities that ousted Indonesian President Suharto in 1998 and senior Bush in 1992. Even in India, many ruling parties have paid the price. Will Congress survive it? By asad

Many a time, inflation has proved to be a wrecker of governments worldwide; and in India the scare is quite perennial. In 1980, the skyrocketing prices of essential commodities delivered that most essential of all lessons to the left-of-centre Janata Party; and it paid the price that inflation inevitably exacts. In the 1998 Delhi local elections, the voters put the BJP-led coalition out of business in the Onion War that saw onion prices hitting the aam aadmi’s roof.

And ten years down the line, the ruling Congress-led UPA has that same ageless worry gnawing at its very foundations. Wholesale price-based inflation has already touched a 40-month high of 7.41%, with everything from fruits, vegetables, oilseeds, meat and milk becoming dearer. For UPA, the price rise couldn’t have come at a worse time. The glee Congressmen experienced in 2004 – when the BJP was hounded out for failing to deliver on its pledge of ushering in social and economic change – has all but vanished. And at least on the subject of price rise it’s the saffron party that calls the shots and is eager for all the photo ops.

Already, inflation is the leading item on the opposition’s agenda. Warning of nation-wide protests, L. K. Advani would have the Congress “forewarned” of its “culpability” for failing to rein in the monster of inflation. “The hungry masses must make these exploiters pay for this crime,” he said. The barb seemed to have been directed chiefly against Finance Minister P. Chidambaram who, around February-end, had drawn loud partisan cheers for his populist budget pledges that had brimmed over with eye-popping tax cuts and a massive Rs.600 billion farm debt waiver scheme. But the icing was the Pay Commission largesse.

Meanwhile wholesale vegetable prices have shot up by an incredible 4.1% and pulses have become dearer by around 1.2%; with retailers and consumers experiencing the usual jitters. Prime Minister Manmohan Singh has admitted that the steep rise in food prices is hurting inflation management, but has ruled out arbitrary controls. The IMF forecast estimates India’s inflation at a moderate 5.2% in the current calendar year and 4% in 2009. But the voter does not care about stats; sop or no sop, he will vote for the party that can deliver.

And all UPA coalition members – particularly the Left – realise that nothing can upset their winning calculations more than the general discontent with the government over the unbearable cost of living. The United National Progressive Alliance (UNPA) has joined forces with CPI to launch anti-price rise protests. “The government will pay a high political price for inflation,” said senior CPI leader D. Raja. So how is the ruling alliance likely to fare in the next elections? Former Karnataka chief minister S.M. Krishna told B&E that he feared for his party in the upcoming assembly polls due to its failure to control inflation.

What’s more, even the middle classes are beginning to fear that the sagging economy will eventually erode their lifestyles, pensions and business prospects. Said a Delhi-based housewife Nilofer Raquib, “I am really worried with several vegetables selling for over Rs.40 a kg.” The government, of course, knows that the baby steps it is taking will not protect it from the voters’ wrath. “We have no magic wand, the whole world is affected,” is the line that big wigs of the ruling party are mouthing.

Said Minister of Earth, Science and Technology Kapil Sibal, “Prices of agricultural commodities had shot up by 73% in the international market between August 2007 and March 2008.” His point is taken. Inflation has notched up record highs in all emerging markets such as China (8.7%), Russia (11.9%), Argentina (7.3%) and Turkey (8.1%). But Sibal must realise that inflation has led to the downfall of governments worldwide. In the late 1990s, this was the case in Thailand, South Korea, Indonesia and Malaysia. It was the unaffordable prices of essential commodities that ousted Indonesian president Suharto in 1998.

Economic slumps have dashed the aspirations of presidential hopefuls in the US. George H. W. Bush found this at his cost when he lost to Bill Clinton in 1992. The two exceptions in US history are Harry Truman and Republican Warren Harding, who snatched the White House from the Democrats in 1920, even as recession was under way. But there can be no parallels, particularly not between the Indian and US scenarios. It’s absurd, for instance, to speculate whether Sonia’s fortunes will go the Truman way.

Will people care less about their pocketbooks and give the UPA the benefit of doubt? Will they be as receptive about the global recession line that the government feels forced to hammer on? Just as there is no magic wand, there are no easy answers this time.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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E. SREEDHARAN

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E. SREEDHARAN
Still on the fast lane

He has achieved several benchmarks and has several feathers in his crowns. But such recognitions can never be enough to describe this man whose vision is limitless. We are talking about the seventy-one years young Metro Man – E. Sreedharan. He changed the face of Delhi by giving it a high tech touch of metro but what many of us today don’t remember is the hurdles that he has to face at that point of time from the so called social care takers. Palpable from his earlier performance, nothing can bog down this buoyant man and hats off to his dare-devil attitude, Delhi has its Metro today. “He’s a man whose contributions have always been overshadowed. I being in the retail & real estate industry know that whenever he chalked out a metro expansion plan, he came out with an optimum solution of not disturbing existing infrastructure,” feels Lalit Kumar, CEO & Director of Ebony Retail.

It’s not Lalit Kumar alone, several others of his ilk, who know Sreedharan agrees that he is a man of action and modest enough to create a project that benefits all. Bucked up with such a mission he want’s to do more for the Indian masses. Well, his track records says that no chains can arrest his dreams.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
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The ones who’ll make it...

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Battle-scarred veterans talk to aakriti bhardwaj and kanika dhupar about the youngsters who’ll be the standard bearers for the nation in the next 25 years

Nikhil Chopra on Ishant Sharma
“It has to be Ishant Sharma! He’s young, energetic and one of the quickest bowlers in India. He’s somebody with his head on his shoulders and is one of the players who will serve the country for a long period of time. He’s only 19 years old, has little experience and still has performed very well internationally. He handles the pressure well and is always looking to improve his performance. This kind of determination from a 19-year-old kid is commendable.”

Ruskin Bond on Anita Nair
“Amongst the many new writers, I think Anita Nair is going to make it big. She’s original, and is always looking to do things in a different way. Above all, she writes really well, and has a unique style that makes her different from all the rest. She has immense potential, but I would like to believe that her best is yet to come. So far, her novel Ladies Coupe is my favourite.”

Sudhir Mishra on Neil Nitin Mukesh
“A lot of new talent is coming up. Neil Nitin Mukesh is someone I think will go very far. There is a rare quality about him, an endearing vulnerability about him. Apart from the fact that he is very attractive to look at, on the screen there is a very appealing softer quality about him. And of course, he is a very good actor. To be a star in these times, all of these things have to come together. Since Neil partly comes from the film industry, he will be guided right. I think he would make a versatile actor, and as he grows, he should choose the right films and work with the right directors from the beginning of his career. As he has only done a realistic film so far, many of his abilities have not yet been showcased. He is a very good dancer as well. I think he has really good potential for the Indian screen.”

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
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IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...