How Labour Did It!

IIPM - Admission Procedure

In a 2005 column for the British daily, The Guardian, Peter Hyman wrote that an election is all about putting your most mouth-watering political wares in the shop window, and discarding those half-baked ideas that will crumble under election pressure. And Hymen knows more than a thing or two about making marketable campaigns and ensuring electoral wins. After all, the man has masterminded two consecutive campaigns for Britain’s Labour Party in 1997 and 2001 and ensured the second victory, against seemingly indomitable anti-incumbency odds.

Throughout their first term (1997-2001), Labour remained committed to a marketing orientation and even brought out an annual report on the delivery of its 1997 election promises. Even party spending on advertising multiplied. But while Tony Blair succeeded in areas like constitutional reforms, he failed to deliver on improving standards of public services – the core of the 1997 political product that Labour promised. In came the expertise of Peter Hyman, who along with key Labour strategists brought in the right strategy to display only the most saleable dresses on the Labour window. After collecting dollops of market intelligence, including a survey done by their ad agency TBWA London, Labour devised a product similar to their 1997 offering with greater emphasis on the deliverables. Even particular product (oops… poll) deliverables were tailored such that it would be easier to measure deliverability. So, instead of saying ‘no queues for healthcare’, Labour promised ‘20,000 extra nurses and 10,000 extra doctors for the NHS’ and so on.

“Labour party managers targeted those supporters whom they considered weak as they had voted Labour first time in the 1997 elections… they convinced these weak voters that they have done wonders to the economy. Once this was addressed, Labour Party won the day,” explains David Sanders, University of Essex and an expert on election campaigning in Britain.

Moreover, if ‘Operation Victory’ was their slogan in 1997, in 2001, Labour focused on ‘Operation Turnout’.

They focused on targeted direct mailers and postal votes, in a bid to expand the overall voter base, fearing that the traditional Labour vote bank would be difficult to motivate. Labour also focused on its competition (the Conservatives) and through posters brought out the negatives of a Conservative win. Clever party strategists resorted to humour rather than a frontal attack on the opposition to drive home the message. The infamous ‘Wiggy’ poster – a smart depiction of William Hague (then leader of Conservative party), with Thatcher’s hair - warning ‘Get out and vote or they get in’ made voters laugh and talk about the campaign with friends and colleagues. Labour had effectively scored a political point, while telling voters that they needed more time to deliver.

The 3600 approach worked and Tony Blair won another landslide back into 10, Downing Street!

For more articles, Click on IIPM Article.

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 Programme :- SUPERIOR COURSE CONTENTS
Now IIPM's World-Class Education... for everybody!!
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

In an economics driven and rationale society, the Hulk feeds on the myths, prejudices and suspicions that are flung his way.

Now IIPM's World-Class Education... for everybody!!

What’s more, having laid claim (sic) to the Indian commodity markets, the exchange is now gung-ho on its global plans. FTIL & MCX have a big stake in Middles East’s largest commodity bourse – the Dubai Gold and Commodities Exchange (DGCX) and through FTIL, MCX is also running exchange platforms in S. Africa and Mauritius; the latest initiative is to launch an exchange in Singapore. Well-placed sources within the company confirm that preparations are on in full swing and the Singapore exchange will go live in the first week of July. Once that happens, MCX may be well on its way to realise its global ambitions, that of becoming a leader for the entire Asian region. Massey told this magazine that, “There is no exchange in the Asian continent that is multi segment and has such liquidity. Once India has convertibility, Asia could actually use MCX, as India had been using the US exchanges for the last 50 years.”

So is this the perfect tale of the rise and rise of an invincible MCX hulk? Well, not quite. Party poopers for MCX abound. And the spoilers range from the inane to the rational and from the general to the specific. The biggest challenge is that only a select few understand what commodity markets are all about. The common refrain among business development guys in the MCX building is that not even all stakeholders understand much about the function of commodity exchanges. “More than half our time is spent on simply educating and training traders, brokers, corporates and professionals about what we do, who we are and what’s on offer,” complains a senior marketing operations guy at the comex, adding that if awareness levels were not so low, MCX would be trading at least five to eight times its present trading volume.

Ashok Mittal, Vice President & Country Head, Karvy Comtrade concurs that the problem is with the traditional mindset that people have with regard to commodity futures. “Awareness levels about futures market is low compared to capital markets. So commodity exchanges are investing time and money in creating awareness and setting up the market from scratch,” he points out.

Massey shares that the exchange and its intermediaries have till date invested a total of approximately Rs.50 billion on building up the ecosystem for commodity exchanges to function, through investment in spreading awareness and support companies. “Our branding investment actually goes into education, which gets us both branding in terms of image as well as future business potential,” he explains. MCX has set up its own training institute, and also employs a huge business development team. At any given time, half the team is talking to the physical markets and explaining what this market is all about, while the other half are talking to intermediaries and telling them that this is how you could service the market.

For more articles, Click on IIPM Article.

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 Programme :- SUPERIOR COURSE CONTENTS
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
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...

Sony Cybershot DSC-T300/S

IIPM Programme :- SUPERIOR COURSE CONTENTS

Technical Specification

Megapixel: 10 megapixel; LCD Screen: Yes; LCD Screen size: 3.5”; Optical Zoom: Approx. 5.0x; Memory capacity: Write: 39960 Kb/s, Read: 56496 Kb/s
PRICE: Rs.20,000
WARRANTY: 3 Years

This elegant photo-capture comes with a unique Smile Shutter technology, which adds life to the images captured. Its ‘Face Detection’ technology is very effective and is equipped to focus on as many as eight individuals thereby producing more life-like shots. The camera comes with an in-built ‘Intelligent Scene Recognition’ tool, which is able to automatically set the camera’s settings as per the prevailing lighting conditions. “Due to the 5x optical zoom and ample 10 Mega Pixel resolution, users can shoot subjects with clear, stunning results. Face Detection technology, including the popular Smile Shutter feature, has been further enhanced, contributing to beautiful photos,” says Sachin Dev Rai, Product Manager – Digital Still Camera, Consumer Marketing Division, Sony India Pvt. Ltd.

Marketers’ delight : The Carl Zeiss 5x optical zoom lens, which gives a 5x optical zoom is a hit amongst the photographers as it gives them the benefit of clicking distant shots with great clarity. Tester’s note : Pros – Excellent lens quality. Fast performance; tons of handy image editing and playback features. Con – Soft, noisy output.

For more articles, Click on IIPM Article.

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
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
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...

HTC Touch Dual

IIPM Programme :- SUPERIOR COURSE CONTENTS

Technical Specification
Screen size: 240x320mm; Camera: 1.9 Mp; Battery life: 1100 mAh; Memory: 128 MiB ROM capacity, 64 MiB RAM capacity
PRICE: Rs.27,900
WARRANTY: N.A.

The HTC Touch Dual, despite being a Windows Mobile is a unique slim slide tool. It also features the innovative TouchFLO technology which allows enhanced finger touch scrolling and browsing of web pages, documents, messages and contact lists. It scores a perfect 10 on user-friendliness. The Touch Dual integrates 3.5G wireless connectivity and offers high data speeds for consumers. “In India the HTC Touch Dual is aggressively marketed through our retail distribution across the country,” declares Ajay Sharma, Country Manager, HTC India.

Marketers’ delight: It is for consumers who want style & user-friendliness!

Tester’s note: Pros – 3G capable. Good video playback. TouchFLO interface. Cons – Wi-Fi & GPS unavailable.

For more articles, Click on IIPM Article.

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
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
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...

Dragon heart

Now IIPM's World-Class Education... for everybody!!

Landmark & pragmatic reforms by Deng rescued China in the late 1970s. Around 30 years since, the stupendous Chinese growth story has inspired the entire developing world

He had taken China almost to the brink of disaster. Mao Zedong, the perpetrator of the Great Leap Forward (or backward, depends on whose side you are on) and the Cultural Revolution, had caused tremendous damage to human life as well as to the economy with his policies. Under Mao, (Deng was his close associate till he was disgraced and made to flee Beijing during the Cultural Revolution), China’s economy was completely State-controlled. The word “incentive” was banned in the poet revolutionary’s famed Red Book; and you had only to utter it to be dubbed a reactionary and to join the ranks of those such as Deng.

Disillusionment with Mao’s governance enabled Deng Xiaoping to return to prominence on the political scene in 1974, but actual revival commenced when he began unshackling the Chinese market in 1978. That was when the Chinese could actually see a boom other than that of babies! Once Deng got into the act, the initial reluctance to his policies gave way to emulation. None regretted the reversal any further – not even the dyed-in-wool Maoists, who found, to their enormous relief, that Deng’s ingenious brand of “capitalist socialism” was no threat to the power the party men wielded. Only the staunchest of Mao’s followers remain in opposition.

“Reforms are the only solution,” Deng advocated, explaining to comrades the danger of “tiptoeing along as slowly as women with bound feet.” And who can forget his most famous quote, “It doesn’t matter whether the cat is black or white, as long as it catches mice.” Deng’s Open Door Policy – thus named because it emphasises equal trading rights among participating countries – was announced in 1978. Under it four southern cities – Shenzhen, Zhuhai, Shantou and Xiamen – were designated as SEZs. Their geographic proximity to overseas Chinese communities like Hong Kong, Taiwan and Macau, and their vast overseas links, made their choice inevitable.

– were designated as SEZs. Their geographic proximity to overseas Chinese communities like Hong Kong, Taiwan and Macau, and their vast overseas links, made their choice inevitable. And ever since, China’s growth rate has been among the world’s highest – and between 1979 and 2000, at 9.5%, it was the highest. Its world trade ranking too has greatly improved – from number 27 in 1979 to number 3 in 2004. By then, it had approved well over half-a-million foreign fund firms and inward FDI had exceeded $1 trillion. In 2007, China’s national economy continued to exhibit features of rapid economic growth leading to increased efficiency and improved lifestyles. Preliminary estimates show that GDP for the year was 24.66 trillion yuan – up by 11.4%, or 0.3% higher than the previous year. It represented the fifth successive year of over 10% growth.

Is it any wonder then that, right since 1993, of all countries in the developing world, China continued to be the favourite investment destination while major global economies were heading towards recession? Dr. Song, senior research fellow, Chinese Academy of Social Sciences, Institute of World Economics and Politics feels that the very Chinese talent for attracting investors, with self-devised infrastructural & other inducements gives China its edge. Argues Dr Song: “The past 20 years have seen China’s economy grow at an amazing pace. Significantly, this growth, far from being a threat to other economies, is actually an opportunity to grow together with it. What we are seeing, is controllable sharing of the fruits of growth and development.”

As financial journalist R. Gopalakrishnan points out: “China’s basic strengths have lain in the low cost of raw materials and infrastructure. Export subsidies in China are believed to be in the region of 7% to 10%.” Even allowing for the occasional hype, there is no doubt that the volumes China regularly rakes in are altogether too large for objective observers to miss. The country’s economy is set to eventually surpass Germany’s, and is well on way to becoming the world’s second biggest power after the US.

Now China is increasingly investing in overseas markets and taking new risks. For instance, an overseas entrepreneur, Jacob Wood (born Hu Jieguo in Shanghai) has been building and consolidating his African business empire, the Golden Gate Group, for almost 30 years. The group includes hotels, restaurants, construction and real estate firms employing some 20,000 people, mostly Nigerians. China’s investments worldwide – especially in US – are colossal. US trade deficit with China has been rising at the rate of $1 billion a day. In a recent issue of Atlantic Monthly correspondent James Fallows rightly called it ‘The $1.4 Trillion Question’.

That question wouldn’t even have arisen had there been no Deng – the diminutive visionary who transformed China, turning it into the world’s Manufacturer-in-Chief and ultimately the global investor’s most favoured destination. Certainly there’s no question about that!

For more articles, Click on IIPM Article.

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 INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
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...

AKHIL KUMAR - Olympic Dream

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

AKHIL KUMAR
Olympic Dream

Quick, name one Indian boxer you can remember… Well…come on…no one? 99 out of 100 people in India would have trouble recalling the name of a past or current Indian boxing champion. That says far more about the sorry lack of genuine world champions (and Olympic medalists) that we’ve produced in boxing than it does about our general knowledge. Now with the Beijing Olympics just round the corner, Indians don’t expect our boxers to shake us out of our chronic apathy and disinterest with the sport. But one man is hoping to change that. Akhil Kumar, this 27 year-old boxer from Haryana is even making skeptics sit up and take notice.

Admittedly, he lost in the first round at the Athens Olympics, but since then he hasn’t looked back. He won the gold for India at the 2006 Commonwealth Games, and followed it up with a truly gritty display of quality boxing for the Asian qualifiers for Beijing Olympics by winning gold again, comprehensively beating Worapoj Petchkoom, Olympic silver medalist at Athens. “He is definitely our best hope. I haven’t seen him boxing this well, ever. At Bangkok (the venue for the qualifying event) he stopped all the boxers before the allotted time and accumulated a 24-point overall lead! He also won the ‘Best Boxer’ award at the event,” says his proud coach Gurbax Singh Sandhu. “He can surely bring home a medal from Beijing. However, boxing is a very individualistic sport and a lot will depend on the draw and his (Akhil’s) form on that day,” he adds cautiously. But, if there’s one thing that can spoil the expected celebrations, it is, if Akhil were to break down again. “He is injury prone, especially in the wrist area. In fact, even now, he is in South Africa receiving treatment for his wrist,” rues Mr. Sandhu. However, it is a minor injury and is not expected to interfere with his preparations. Let’s hope now that Akhil is in top shape when the time comes because he has made one thing sure...this time, at least when the Olympics roll around, more than a few people will be glued to the telly, rolling with the punches and egging him on.

For more articles, Click on IIPM Article.

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
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
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...

ANIL AGARWAL - Ttag-along champion

IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

ANIL AGARWAL
Ttag-along champion

A firm believer in the native wisdom of various lands, Anil Agarwal, Chairman, Vedanta Resources Plc. continues to improve the socio-economic infrastructure of the communities he serves. In addition to numerous community development initiatives and sustainable development programmes that the group is actively pursuing, Anil is also setting up the Vedanta University in Orissa which will cater to educational requirements of the future generations. Anil Agarwal’s philosophy is very straight forward, “We have to give society back what we have taken in this lifetime.” Vedanta’s processes and performance continue to evolve in line with vision set out as part of its health, safety and environment (HSE) and social policies. The company has been very particular about enhancing the quality of life for all communities. The company has been taking forward its initiatives with help of local and regional authorities.

His vision for India is very clear – “The developed countries have all undergone changes which India is witnessing now. Their biggest strength lay in world-class infrastructure which supports large industries. India too is in a position to evolve as a high-quality and low-cost manufacturing base.” He proposes to take advantage of India’s natural resources, democracy, an English-speaking population & skilled manpower. And with all these strengths he sees no reason why at least 25 infrastructure projects cannot succeed every year. Though he faced criticism and allegations from various quarters in his early days, one thing stands for sure – Anil’s made progress, and he wants to tag-along with India on his journey.

For more articles, Click on IIPM Article.

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
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
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...

Motorised national sport

IIPM - Admission Procedure

A1 Grand Prix is set to be the next ‘Olympics’ car sport format, globally

In a scenario where tech investors are scouting for different propositions to safeguard their portfolios from the possible global recession, Hewlett Packard (HP), numero uno in terms of global revenues amongst PC manufacturers, has once again surpassed analyst expectations, with yet another wonderful quarter under the leadership of Mark Hurd. “Robust consumer and mobile PC sales across all regions were the two main drivers of HP’s overall growth. The company experienced the strongest growth among the top five vendors in the fourth quarter of 2007, as its shipments increased 23.3% in the quarter,” said Mikako Kitagawa, Principal Analyst, Gartner.

Well, not only did Hurd bail out HP from doldrums back in 2005, he also made sure that HP retained its tag of being the leading computer manufacturer. Initially, in 2006, Michael Dell did pose a strong threat with Dell placed neck to neck with HP in global PC shipments. However, things changed slowly with Hurd’s renewed focus on emerging markets. Consequently, during Q4 2007, 69% of HP’s total revenues came from outside US, thus largely safeguarding the company against recessionary issues. Interestingly, this strategy also helped Hurd to counter the growing prowess of Dell to an extent that while HP’s market share has increased from 15.9% to 18.2% since 2006, Dell has struggled with its market share decreasing from 15.9% to 14.3%. “HP remains well positioned for profitable growth as we continue to focus on our numerous cost initiatives and improve our market coverage,” says Mark Hurd, CEO of HP.

Amusingly, even now, Hurd is at a crossroads, confronting several challenges. Having implemented cost cutting and operational improvement measures, there remains little room for further improvements in efficiency. Moreover, after a few dismal quarters, Michael Dell is taking all possible measures to address cost and productivity across Dell’s entire operations, while revamping its strategic outlook by refreshing its product cycles with a renewed focus on cost & design.

Dell also made public his intentions to embrace an indirect marketing model. Matthew Wilkins, Principal Analyst, iSuppli agreeingly asserts, “Despite a renewed focus on its PC business, and the return of Michael Dell to the company’s helm, Dell’s channel business is taking time to ramp up and will have an impact on company sales.” Well, with Dell’s new strategy scheduled to gather momentum during 2008, juxtaposed against HP’s focus on the emerging markets, Dell & Hurd will soon be at loggerheads, yet again. And yes, with these two spending sleepless nights, there are two others who will have a sound sleep – the investors and the consumers!

To add excitement, fame, and ultimatly fans to A1, the legendry Italian sports car marque Ferrari is all set to become the official supplier of engines to all A1 GP cars, as A1 calls for all competing cars to be similar to each other in technical terms. The present combination of Zytec engines and Lola chassis has been doing duty for the competing 22 cars. Explains A1 GP’s Nikki Rooke, “While Zytec provided us with reliable engines throughout the first three seasons, the opportunity to partner with Ferrari provides new commercial prospects as well as an opportunity to work with a brand that is known beyond the core motorsport fanbase.”

The prancing horse on every 550 hp car will surely take things to the next level for A1. There’s enough for Ferrari here too. With five more countries entering the sport next season, there are enough audiences to tap interests for fast cars. All set to take the term motorsport to the next level, A1 is here to stay; and it’s just a matter of some good strategies and time, provided the horses too run out of capital breath.

Edit bureau: Karan Mehrishi

For more articles, Click on IIPM Article.

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, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
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...

Populism is not Socialism

IIPM - Admission Procedure

Nearly a decade back, one of the iconic figures of the Indian software industry was once asked about the most important reason for the incredible growth story of the Indian software industry. In his reply he had stated that probably the most important reason was that there’s no Ministry of Software. Juxtapose this with the experience of some of the IIPM Think Tank members in their recent GOTA visit to some of the cleanest and most professionally run cities of Western Europe. In those cities like Paris, Brussels and Helsinki where it becomes an awesome task to find a speck of dust, where civic administration is more professional and transparent than India’s blue chip companies, where no killer blue line buses exist, where civic authorities literally wash the city every day, and where the best of the Fortune 500 companies have significant government stake, and where by law no one would be allowed to die on the road untreated even if that person doesn’t have money (the government bears all the expenditures). In those places anyone traveling from this part of the world might often get shocked to see banners stating ‘Say no to capitalism’.

Be it in Helsinki where on a 2 euro ticket one can travel as many times on a tram, bus or even a steamboat ride within an hour, or in Paris where one can buy a litre fuel at the price of half a litre of Pepsi or Coke and where such is the purity of the water supplied by the municipality that the water of the sink is good enough to drink, one then realises unlike in this part of the world, all these are essentially the reflection of the performance of government. In those countries perhaps there’s not much fanfare about the budget and the allocation. Over there it is perhaps taken for granted that allocation would marginally increase every year but what matters most and for what the government can take credit for is the performance and not the increase in allocation it has made in the budget.

Returning a day just before the Union budget was presented, it was surprising to see the pink and not so pink newspapers flushed with news of how much increase in allocation the government might or might not make in the social sector. That made one wonder that for all the allocation of billions of dollars made every year for all these sectors, where does all that money go and why can’t Indian government deliver something like the cities of Paris and Helsinki can?

This year’s budget was expected to be as populist as has always been. On an election year hardly any government in India is expected to be proactively reformist in nature with a vision for the future. And to expect the same from a government which gets typified by the threats from its left allies every time it even mentions the word reform is a utopian illusion. But no one expected the government to play with the country’s coffers to such an extent for its self serving goals for the next election. In the early nineties too quite a few times loans were waived off for farmers and once for Punjab, but those figures of Rs.8,000-10,000 crore started looking pittance with the generosity shown by P. Chidambaram by announcing a loan waiver of a whopping Rs.60,000 crore.

How they derived that nightmarish figure and how many of the poorest and most marginalised farmers of India who are still at the mercy of the village money lenders would benefit from it is a matter that the government knows the best and something that it would not reveal under the garb of parliamentary secrecy. But in one shot the Non Performing Assets (NPA) of the Indian banking system goes up by 4%. It was nothing less than a cruel joke on all the efforts of the Indian banking system and especially the Public Sector Banks who literally have been having blood in their mouth trying hard for half a decade to reduce their non performing assets and increase the Capital Adequacy Ratio (CAR) to meet the Basell norms in their quest to be more strong bank. But the Black Friday undid it all. While the government was quick to state that measures will be taken to address the liquidity issue of the banks and that they would not be burdened with the entire liability of the amount, yet whichever path the government takes to address this nightmarish issue, the outcome will be negative. If suppose the government prints money to repay the banks then even a kindergarten kid of new age India would be able to take a workshop of how the increased money supply would lead to inflation.

For more articles, Click on IIPM Article.

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 : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM, GURGAON
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...

Bharat Ratna

IIPM : EXECUTIVE EDUCATION

Or, the ball game of politicans

The word controversy had never left India alone, since its inception, and the latest one to add to the list is the country’s highest civilian title, the Bharat Ratna. This time Bharat Ratna had becoming a ball game for the polity of India. As of now, the names of various political and non-political veterans are doing the rounds. This game was kicked off, by L. K. Advani, by nominating Vajpayee for the title. Even the ally of the UPA Government, the DMK, had also suggested their leader Karunanidhi for the title. Moreover, not to forget the history maker, BSP chief, Mayawati, who is the latest to join the ‘Bharat Ratna’ controversy bandwagon. Mayawati had announced that she would ask the PM of India to confer the Bharat Ratna on the BSP founder. While Congress replied BSP with logic that conferring the national title is an apolitical process and should remain so.

The whole essence of the such prestigious award seem to get diluted with such a controversy and nor can Bharat Ratna be handed out, like any chocolate. It must be adhered that the nomination of this title can be a floodgate. The Bharat Ratna is not something which is casually offered, and that’s the reason for its luster and prestige. By convention, the nomination for this ward should be kept confidential to avoid any debate on the nominees. Sadly, this time Advani seems to have just done the opposite and had disturbed the decorum and dignity.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

Read these article :-
‘This is one of Big B’s best performances’
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

End nuclear apartheid

IIPM : EXECUTIVE EDUCATION

The Iran situation should not escalate

United Nation’s nuclear watchdog IAEA Director General Mohamed ElBaradei was a man of controversies. He ran into controversies because of his reluctance to buy the western world view. “We must abandon the unworkable notion that it is morally reprehensible for some countries to pursue weapons of mass destruction, yet morally acceptable for others to rely on them for security,” he declared once. His approach towards Iran has also raised tension with the Bush Administration. In a world where the nuclear spectres are likely to remain in spotlight, people like ElBaradei have great relevance and salience.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

FII ke side effects

IIPM’s 36th Glorious Year of Academic Excellence

Good cause, but be circumspect?

Despite having a foreign exchange reserve of over $260 billion & control on over a trillion dollar economy, the Reserve Bank went through challenging phases this year, curbing & containing the country’s ‘fair weather friends’, the Foreign Institutional Investors (FIIs). Till 26th Nov., this year, FIIs have already pumped in nearly $17 billion and affected country’s economic health & given sleepless nights to its monetary regulator, Reserve Bank of India.

Basically, foreign investors who want to invest for short term gains without getting themselves registered at SEBI, do so through FIIs, which are registered bodies with the market regulator. These FIIs issue Participatory Notes or PNs to them, the only way through which these FIIs can invest in India. Since these PNs mainly deal in dollars, a huge amount of dollar comes in. In order to keep the exchange rate stable and dole out excess dollar, RBI buys it from the market. But the process lands up having excess rupee than required in the capital markets. This excess supply without demand decreases rupee value, which eventually raises inflation, a common instance that we all encountered this year! So it becomes a Catch 22 situation, where either way lies the defeat for the country’s finances.

SEBI tried to control them by putting a limit on the investments through PNs, recently, which even proved conducive to quite a large extent. But a better way to preclude the excessive moolah from pooling in the market, could be taxing the capital gains. RBI did something similar to control the excess External Commercial Borrowings (ECB) by proposing a sterilisation tax, which was supported by many analysts too. Director, Crisil, Dharmakirti Joshi told B&E, “ECBs are a major source of such capital inflows and in order to moderate these ECB flows, RBI has proposed a sterilisation tax.” Nonetheless, levying taxes has its own pros & cons, but this might just inhibit FIIs from wrecking further havoc in Indian markets.

B&E edit bureau: Shashank Tripathi

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

A pocket-full of Kryptonite!

IIPM’s 36th Glorious Year of Academic Excellence

Lalu clearly had other plans. He not only rewrote the macro model (introducing new lines, newer trains, connections etc), but restructured even the minutest of minute processes – from new business models to book rail tickets through mobile phones, tatkal sewa, replacing plastic cups with kulhads (giving employment to the rural industry rather than to plastic manufacturers) to name a few. But what transformed Indian Railways was a critical number Lalu never forgot. Lalu knew that he could never make enough money from individual travellers (something LCCs have been trying sine die).

So, the area he targeted was transportation of commercial goods. Where he gave to the masses, he sucked the commercial goods transport clients clean. Today, the bulk of earnings of Indian Railways (more than 70%) come from this sector! His brilliant pricing strategies in the commercial sector allowed him to make Railways an immediate cash rich proposition within one year of his taking over [The negative cash reserve, which Railways had in 2004, turned into surplus next year. In 2005, Railways made a cash surplus of Rs.9,000 crore, which increased to Rs.14,000 crore in 2006. It crossed Rs.20,000 crore in 2007 and finally reached a surplus before dividend of Rs.25,000 crore in 2008, with net earnings reaching a whopping Rs.72,655 crores]; a move that gave him flexibility to pass on a huge part of the surplus to the non-commercial travellers, a move that started the exodus – small at first, unstoppable recently – from LCCs and even other airlines to Indian Railways.

So, a family that could have gone from Delhi to Mumbai in Air Deccan or Jet Lite started giving LCCs a miss to enjoy a nice overnight journey on the Rajdhani. And why not! In January 2006 when air turbine fuel (ATF) rate per kilolitre was Rs.43,600, a SpiceJet ticket for Delhi-Mumbai flight used to cost Rs.2,955, but the same ticket in May 2008, after ATF rate per kilolitre rate reached Rs.61,150, was Rs.3,360. While an Air India ticket for the same Delhi-Mumbai flight, which used to cost Rs.6,068 in January 2006, cost Rs.7,708 in May 2008. And a Rajdhani three-tier AC ticket from Delhi to Mumbai was priced at only Rs.1,495 in June 2008. Even a two tier AC ticket costs around Rs.1,975. And what else, a 1st class AC ticket costs only Rs.3,305!

In fact, the condition in the short-haul routes is more terrible. Currently, air tickets in such route flights like Coimbatore-Chennai, Bangalore-Hyderabad, Mumbai-Pune and many others would cost nothing less than Rs.4000 (depending upon when you book them) while a 2nd class Railway ticket is available at around Rs.1,000 approximately.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Karnataka is known for its unique heritage temples

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Although they say it’s one state and many worlds, but most of them still think Karnataka is just limited to Bangalore, at least in terms of investment. pawan chabra of 4Ps B&M makes an attempt to explore those unexplored faces of the state...

Isn’t it a coincidence that the great warrior of all times Tipu Sultan and the flamboyant Asian Richard Branson aka Vijay Mallya (who bought the Sultan’s sword back to India) have their roots in the same state - Karnataka. Certainly it is, along with a sense of pride that flows in for free! However, being at No. 4 among the Best Marketed States (ranked by 4Ps B&M and ICMR Survey 2008) doesn’t come easy for it. It isn’t a matter of just coincidence but an array of well planned moves by the state authorities that places it among the best marketed states in the country.

Apart from being called the ‘knowledge hub of India’, Karnataka is known for its unique heritage temples, hill stations, exotic beaches, wildlife sanctuaries, et al. With the second highest number of nationally protected monuments in India and two of the world’s best waterfalls, it surely promises an enchanting land abounding in scenic beauty to those keen on exploring the state. In fact, these facts favouring the state have also paid off as the number of tourist inflow has grown at a decent pace over the past one year. The number of tourists visiting Karnataka in 2007 stood at 32,270,516 showing a phenomenal growth of over 1,000% as compared to 2006 where the figure stood at a meager 3,204,000. “Karnataka is very different from other states as God has sprinkled natural beauty all around. It has a mix of hill stations, historical places and beaches,” Janardhan Reddy, the newly appointed Tourism Minister for Karnataka tells 4Ps B&M.

Well, it’s not that the state government is only serious about the leisure tourism, but it equally seems focusing on business tourism (keeping in mind the recently inaugurated airport) as well. In fact, the government aims at making tourism Karnataka’s major economic activity and a biggest tax generator and employer for the state in coming years. Moreover, with the boom in the medical tourism in India at large, the Karnataka government has already taken many initiatives to promote health tourism in the state. With an ASSOCHAM projection of the health care tourism reaching a mind boggling figure of Rs.80 billion by the year ending 2012, the state has a lot of potential to grow in this arena. As a matter of fact, the state is emerging as a major destination for dental tourism.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

India’s Best Marketed & Promoted States. An ICMR & 4Ps B&M Survey...

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

The survey on ‘India’s Best Marketed and Promoted States’ was conducted over a period of four months and in two phases:

Phase I: In the first phase, the Indian Council for Market Research (ICMR) collected relevant data from various state tourism and industrial development departments. These included, details of their proposed industrial budget, their promotional advertising budget, and their tourist inflows (both domestic and international) for FY 2007-08’. In addition, to understand and give relevant weight-age to investment opportunities in the state, ICMR also collated data on the following:

1. Foreign direct investment (FDI) in individual states and strategies adopted by that state to attract more foreign investors.
2. Total number of companies operating in the state, their total sales, net profit and their total market capitalisation for the FY07-08’.
3. Expenditure incurred by the state as assistance and development on various sectors and industries.
4. Data on the sectors being focused on by that state; Infrastructure and transportation (for raw materials/finished goods, business purposes) facilities available in the state.
5. In addition, policies followed by respective states for development initiatives were also taken into consideration.

Phase 2: In the second phase of the research, the ICMR team undertook a public opinion survey on the people’s perception of the promotional activity that respective states are taking. The survey took into account the respondents perception on the promotional activity being undertaken by respective states, as also their perception about investment opportunities in that state. A total of 525 respondents in five major Indian cities (Delhi, Mumbai, Kolkata, Chennai & Bangalore) were interviewed.

The final ranking is based on average weightage given to respective parameters as given below:

* Proposed industrial budget has the highest weightage of (60%)
* Public opinion survey (20%)
* Proposed advertising & promotional budget (10%)
* Tourist inflows (10%)

The final rankings for India’s Best Marketed & Promoted States are based on the composite total of the ranks for each parameter above. Happy Reading...

Notes to the table alongside:
• Figures for all parameters are for the FY 07-08’
• The source for the Proposed Industrial Expenditure is official websites as well as telephonic interviews from respective governments of States and UTs
• The source for Tourist Inflow and Promotional Advertising Budget is information garnered from respective government’s regional offices
• The data on Tourist Inflow for the states of Maharashtra & Chattisgarh is of FY 2006-07’ due to non-compilation of data for FY 2007-08’
• The data on Tourist Inflow for the state of Punjab has been calculated as per the information provided by the State Tourism Board
• The data for Delhi under the parameter of Promotional Advertising Budget has been taken from delhiplanning.nic.in
• Data for the state of MP for proposed industrial budget uis inclusive of 466 industries & entrepreneurs MOUs.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs