African Union

IIPM PUBLICATION

One of the emerging organizations globally to watch out for is the African Union, which ultimately envisages a single currency and a single integrated defence force among 53 African member states. The higher purpose is to help secure Africa’s democracy, human rights and sustainable economy. Established in 2002, the idea of an African Union was born out of a vision of the ‘United States of Africa’. It covers the entire continent except Morocco that has a special status. In May 2003, the African Union made its first military intervention in an African state by deploying peacekeeping forces in Burundi and then in Sudan. A gargantuan initiative from its own, to help retrieve the black continent from its misery!

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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IIPM : WHAT GOES AROUND, GOES AWAY

IIPM BUSINESS AND ECONOMY
The Essar story could well have ended as one of another traditional Indian family business going down the drain, crippled by market forces. The difference is that Essar bounced back after undergoing a painful Corporate Debt Restructuring (CDR) programme. Things are beginning to look up for the Ruias-run group, which was grappling with problems surrounding their flagship Essar Steel, which was caught off -guard due to the slowdown in the economy. As a result Essar found itself in deep financial crisis. After coming out of the CDR cell, Essar is aggressively investing in capital intensive sectors like telecom, steel, petroleum, power, and shipping. In all these sectors it has to contend with heavyweight rivals. In petroleum, Essar is clearly dwarfed by Reliance. Again in the steel industry, global giants like Mittal Steel and Posco ace over Essar. Isn’t it risky for the company to invest so heavily at this stage? According to the Essar spokesperson; “Each project... is independently financed based on its merits. Hence, there is no question of divesting businesses to fund these projects”. So far the mantra of investing in capital intensive areas has been good for the Group, but it should focus more on a few specific sectors by investing more capital. Surely, it would not want to go through CDR anymore…..

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Source :- IIPM Editorial, 2006

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IIPM R & P (THE FIELD IMPERATIVE)

IIPM BEST B-SCHOOL

Our experience shows that the only way to sustain customer research and development is by putting customer-facing employees behind the wheel. The benefit is twofold: Companies exponentially expand their knowledge of their patrons, and employees become engaged as they contribute their insight and energy. As part of its customer research and development strategy, consumer electronics retailer Best Buy Co. Inc. set out to test proposed value propositions for a number of specific customer segments, measuring the incremental impact of each value proposition on customer profitability and satisfaction over time.....

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Source :- IIPM Editorial, 2006