The developed world needs to arrest their green house emissions in order to save Africa

IIPM BEST MBA INSTITUTE
It may not be very long before Africa is completely erased from the World Atlas. If the effects of unending poverty, AIDS & war destroyed almost everything, then global warming is finishing the rest by creating havoc in the region by causing irrevocable damages to the environment. The entire ecosystem, including snow clad mountains, rain-forests, and beautiful beaches, are on the verge of extinction.

The irony is, Africa (constituting 14% of the global population in its 57 countries) isn’t bearing this catastrophe as an outcome of its own insensitivities towards nature, (majority of Africans are poor and thus have negligible access to electricity and transport; Africans contribute only 3% of the global greenhouse gas emissions) but as an outcome of the monstrous green house emissions of its developed counterparts like Australia and Canada with the US leading the pack (constituting only 5 % of the global population and contributing a staggering 25% of the global greenhouse gas emission). Of all the African nations, Nigeria, Liberia and Congo have relatively higher greenhouse emissions and that too on account of oil and gas exploration and deforestation, which in turn is driven to pacify the insatiable appetite of the developed world. It is most unfortunate, for Africa being an egalitarian society, most of the inhabitants still depend heavily on agriculture for their survival, and thus environment becomes all the more critical for their sustenance.

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Source : IIPM Editorial, 2006

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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With sound growth strategies, the Kalyani Group is forging ahead

IIPM PUBLICATION
The Kalyani Group is one of the best examples of the growing might of the Indian manufacturing sector. The $1.5 billion company employs over 10,000 employees globally and is the parent company of Bharat Forge, the world’s second largest forging company and largest manufacturer of truck front axles. The man-at-arms is Chairman Baba Kalyani, who single-handedly brought out a small scale diesel engine component business from the brink of extinction. The roots of this new business are attached to the component business set up by Neelkantha Kalyani (Baba’s father) nearly 40 years ago. Baba Kalyani diversifi ed the business to a wider spectrum of components. According to the Forbes Magazine, the Kalyanis are one of the 1000 richest men in the world. His son Amit Kalyani is an Executive Director with Bharat Forge.

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Source : IIPM Editorial, 2006

Dean of IIPM :- Pofessor Arindam Chaudhuri (Renowned Management Guru and Economist)

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OTC poison...

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Medicines sans prescription must be stopped
The sale of globally banned drugs through OTC (Over the Counter) is alarmingly on the rise in India. While all attention of the government seems to be on controlling prices of branded drugs and making generic versions available, it’s high time for the government to ensure there is strict control and vigilance on drugs that are easily available over the counter (which can be purchased without the prescription of a registered medical practitioner).

While chemists are more than happy to sell them for high margins; patients find it a convenient way to take care of the so called ‘non-serious ailments’ and avoid going through the tumultuous process of visiting the doctor. But what they remain unaware of is the serious side effects of drugs like Analgin, Nimesulide, D’cold & Vicks 500. Almost all the ‘common cold drugs’ contain in them harmful ingredients like phenylpropanolamine. This chemical is banned in most of the developed countries as they are reported to be responsible for heart attacks. Analgin on the other hand has serious ramifications on bone marrow. Even though the government can claim to have brought out a number of notifications that ban the manufacture and sale of as many as 70 such drug combinations, the problem still continues to persist across pharma retail outlets in India. With MNCs selling banned drugs in India, matters are only getting worse.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

GE plans to invest more on the Indian turf

IIPM PUBLICATION
Banking on growth exhibited by the Indian economy, General Electric (GE) plans to extract a huge $8 billion in revenues from the Indian market by 2010. With the vision “In India, for India”, GE India President & CEO Scott Bayman has declared investments of another $600 million in the country. He projects that India and China would account for $50 billion by that year (incidentally that means a mammoth $42 billion from China!). Financial services would be the major contributors to this revenue.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

Work-life balance is, in fact, a personal choice based on what feels right to you, given what you want from life...

IIPM BEST MBA INSTITUTE
For them, there is about a 15- year period in their careers in which the choices they make are not about what they want from life professionally and personally, but about what is right for their kids. That period can be a fraught time, in which choices and consequences are more complex. That, however, is a topic for another column (as it has been in the past).

But to your more general question, yes, it is completely possible to be a top performer and “achieve work-life balance”. Most top performers have already made a choice – work is a priority – but their talent helps them forge a meaningful outside life too, often with just the balance they want.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative