Monday, July 28, 2008

Sparkling (K)Nights


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

Hero Mindmine is busy preparing an army that would help serve its global customers. SURBHI CHAWLA finds out what makes Hero Mindmine, the preferred trainer for the Indian BPO sector

As the twilight embraces the horizon hues, darkness starts to take over what has been a bright sunny day! For most working men and women, it’s time to pack their bags at office and head for their respective cozy homes. But then everyone doesn’t have the privilege of enjoying night at homes, for the work time has just started for many. We are talking about an entire fleet of young people who opt for the BPO night shifts, and from late evening to the wee hours of the morning (when only the night owls are awake) are contributing their best to ensure that the BPO sector continues to grow at 35%, like it has been regularly for the past five years. According to a NASSCOM-Everest India BPO study ‘Roadmap 2012 – Capitalising on the Expanding BPO Landscape’, the Indian BPO industry, at present is worth $11 billion and is contributing approximately 40% to the Global Business Process Offshoring market. With factors like recession in the US economy and the new laws, the Indian BPO industry would get a further boost and is expected to reach the $50 billion mark by 2012.

To maintain such stupendous figures is no mean task and one of the major hurdles that the BPO industry is busy preparing itself for, is lack of adequate skilled workforce. To bridge the apparent talent crunch in the BPO sector, the $4.2 billion Hero Group had set up Hero Mindmine Institute (HMIL) in 2000 to provide training and development (T&D) services to many multinational corporations (IBM, American Express, GE, ABN Amro Bank, MasterCard et al), Indian blue chip companies (Bharti Telecom, Wipro, Hero Honda et al) and even the PSUs (Bharat Petroleum et al). HMIL completely dominates T&D at the ITeS sector, with more than 75% of the top 30 corporates as its clients. In fact HMIL was the first institute to launch BPO training programmes, almost five years back. The year 2008 will clearly be a watershed year for the training institute, as HMIL is all set to introduce ‘international certifications’ for the BPO professionals in India.

A.W. George, Business Head, HMIL, has been entrusted with the task of providing international certifications for the BPO professionals. He divulges to 4Ps B&M that although the company is neck deep in providing T&D programmes to almost the whole of the BPO industry, but managing the HR function within the organisation is a different ball game altogether. George feels that the biggest challenge at HMIL is to retain quality manpower that can further impart the much needed training services. At HMIL, the HR Manager plays an integral role in the organisational success via his knowledge and advocacy of people. George elaborates, “This advocacy includes creating an environment that motivates people. To deal with the challenges, we are fostering effective methods of goal setting, communication and empowerment through responsibility and building employee-ownership towards the organisation.”

At HMIL, people play a pivotal role in shaping the organisation; hence the company ensures that the employees are a satisfied lot. HMIL too strives to be an employer of choice and the HR of the company is moving full throttle to achieve that goal. “Job security is an area where the Hero Group’s credibility plays the role of dream employer,” avers George. The BPO industry by and large boasts of being a good paymaster and HMIL is no different while compensating its workforce. George elaborates, “We provide employees with attractive compensation packages, which constitute of not just the basic salaries but also performance bonus and incentives, and that’s how we try to make the package attractive for our employees.” However, monetary benefits alone cannot keep the employees happy and satisfied. Bearing this in mind, HMIL also provides opportunities for advancement. For instance, the company gives ample opportunities for career advancement within the organisation. George adds, “Meeting personal aspirations to grow, both hierarchically and financially, is a key driver. HMIL addresses both these drivers very effectively.” To motivate its employees, HMIL has put in place a drive to create an environment that is conducive to learning. George enthuses, “Every third Saturday of the month is treated as the ‘Learning Day’ where every person has to do a session and it is necessary for everyone to participate. The ‘Learning Day’ also plays a pivotal role during appraisals.”

Being a part of the Munjal Group has been of great advantage for HMIL, which tries to constantly innovate its functions to suit its clients. Unlike any other MNC, they prefer to work as one big family. And like any other Indian family, HMIL too stands for strong values. According to George, “Values help in making the environment friendly and infuses feelings of unity amongst the employees.” Coupled with this, is the transparency within the organisation, whereby each employee knows what is going on in the organisation. Apart from the customary celebrations during birthdays & anniversaries, there is a party at the end of each month to acknowledge the achievements of the employees. “We clap as a team when a good job is done.” Team claps are a good way to motivate the employees as everybody gathers in what the company calls the ‘Bay’ (refers to a common place in the office) and everyone claps for any and every job that is well done.

In the era of cut-throat competition and in an industry where human force is your greatest weapon, you need talented people to succeed. In such a scenario, it becomes imperative to retain key talent and attrition has forever been eclipsing the dream run for the Indian BPO sector. When we quizzed George, he stated, “Due to talent shortage, attrition will continue to be a challenge. At HMIL, we’ve created initiatives like open door policy, an HR help desk and continuous training programmes.” There are many training programmes that help employees to sharpen their knowledge base. George adds, “We’ve an outbound training programme, wherein we take employees to places like Udaipur. Outbound training helps employees to enhance their risk-taking abilities, understanding each other and taking ownership of a programme.”

Surely, small initiatives like these help in making an organisation stand out for not only its strong HR philosophies, but also for its strong HR vision. HMIL too has put in place a very strong HR vision for the company and that in George’s words is: “We share a passion to build a HMIL brand, focused on individual and business needs to achieve organisational excellence as a sustainable competitive advantage.”

With inputs from Sachin Bharel

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
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

For More IIPM Info, Visit below mentioned IIPM articles.
When IIPM comes to education, never compromise
IIPM, GURGAON
IIPM - Admission Procedure
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!

Thursday, July 17, 2008

The big gets bigger…


IIPM, GURGAON

…as Reliance Entertainment steps out-of-home

TheAnil Ambani step child of advertising – out- of-home (OOH) media is finally getting its due attention, as the biggies of Media Inc. are pumping huge money to dress up this Cinderella. With more and more people staying out of their homes, advertising fraternity was quick to realise the need for the OOH format of advertising to catch the attention of the audience. According to Zenith Optimedia, the Indian OOH market is currently growing at 15-18% (compared to 9-10% growth in overall media market). Even the OOH spend (as part of the overall media spend) has also grown to 40% compared to 10% five years back. These numbers are attracting big media houses to bet heavily on this predominantly unorganised segment. Times OOH was the first big name to enter the organised OOH segment. Anil Dhirubhai Ambani Group too is all set to foray the Rs.13 billion OOH market, through its new division – Big Street (arm of Big 92.7 FM).

Jayant Bokhare, VP, Business Development, Big 92.7 FM (who will also head Big Street) told 4Ps B&M, “OOH category is growing very fast and has huge potential with very few players, leading to a lot of untapped opportunity. With players like us, the quality & effectiveness of the medium will surely improve.” The plan of Big Street is simple – acquire OOH inventory across 12 cities in the first phase and provide advertising options on billboards, street furniture, multiplexes & malls. Adds Bokhare, “With Big Street, we can create world class platform for OOH by offering the best services. The focus will be on making the category more robust, streamlined & standardised.”

Even though OOH has been the oldest form of advertising, advertisers till now had never used this as a primary medium. But that’s changing now. Sectors like telecom and entertainment are often using the OOH route to communicate to consumers. In the past, DNA newspaper had used outdoor advertising as a launch tool. Even the latest Dove ads have been tailor-made for billboards and malls. That’s not all! If you thought that winning the advertising rights of the busiest Mumbai’s Chhatrapati Shivaji International Airport by Times OOH in early 2007 was outstanding, then Big Street is not sitting idle and has already acquired the advertising rights for display at Delhi metro stations. With big ticket clients like Kotak Group already in its kitty, Big Street is all set to clobber competition. However, this is just a tip of the iceberg. With TV, print & radio advertising grabbing all the eyeballs, it will be a tough road ahead for this Cinderella to maintain its oomph factor!!!

18 till I die...

Shakespeare once opined, “What’s in a name? That which we call a rose by any other name would smell as sweet.” But the corporates in India don’t seem that impressed by Shakespeare on that note. Name change is in vogue these days. First UTI (now Axis) Bank, HUL & now TV18. The media giant has recently dumped the idiot box from its prefix and has rechristened itself as Network18. B. Sai Kumar, Group CEO, Network18 explains, “We’ve outgrown the term ‘Television’, as our organisation straddles continuously growing verticals in the media industry and other allied businesses. ‘Network’ is more inclusive & appropriate, and will rightly connote our ambitions.”

Network18 with its base-line ‘Enable, Enlighten & Entertain’ symbolises all the attributes of the group, which could not be communicated through TV18. Further, this is an attempt by the company to make itself the first Indian media company to have global footage. With market cap. of over $2 billion, it is the only entity to tie-up with three global media giants – NBC, Time Warner & Viacom. In the past, the group has been hyperactive in the media space, both organically & inorganically. However, only time will tell how this rechristened rose will smell sweeter with this new identity.

Edit bureau: Aditi Soni

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 :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Monday, July 14, 2008

F1 racing an opportunity for big brands


When IIPM comes to education, never compromise

The young kid with the curly top had everyone bewildered. He had everything going for him – but why wasn’t he smiling? Fleeing a boring strategy-led agency he had managed to break into a born-again creative shop, make a mark, win an award, earn respect from his bosses and admiration from his peers – so where lay the problem? Why did he appear listless, restless and dissatisfied?

“All this is okay, but Boss, I want the ‘real’ thing. I wanna dance with the lions and swing with the winners. I wanna crash into O&M! Man, that’s one helluva place... they are the ‘real’ rock-stars!” In the last few years, this passionate refrain has been aired like a national anthem by billions of ad-infected kids across the land. Advertising (of the truly exciting, cutting-edge and creative kind, that is both clutter-bustin’ and ball-breakin’) continues to be defined by this one agency, which seems to be magically attract, charm and seduce the mickey out of national and international award juries, hard-nosed, hi-profile clients, hot-shot, fastidious and snooty industry peers as also a doting and delighted junta. What is the secret?

How did an agency that (till the late eighties at least) seemed to religiously follow the sacred commandments of the founding father, David (Pope) Ogilvy, suddenly do a volte face and embrace the spirit of maverick genius Bill Bernbach instead? What led to this dramatic metamorphosis and who were the audacious authors who dared to change a script that was supposed to have been engraved on stone?

Executive Chairman and National Creative Director Piyush Pandey, lights up before getting into flashback mode. “When I joined the Agency in 1982, it was a very well respected, prestigious organisation, led by the able and affable, Mani Iyer. We had a bunch of fine professionals and a clutch of great accounts for which we did good work, but (in all truth) none of it was really extraordinary in terms of the creative quotient.” He went on to divulge that agency’s brilliant Creative Director, late Suresh Mullick, produced flashes of brilliance but, perhaps, felt reined-in due to the compulsions that ruled the everyday workspace. Overall the agency stuck to its type-cast persona – a good, safe, solid agency reputed for delivering the goods as per client requirements. Clients were never wrong but we were never great or hot either. “I clearly remember our annual trips to the award functions, where we seemed to do only one thing... clap! It hurt... real bad,” said Piyush Pandey.

It was around 1987 when servicing executive Piyush Pandey (at the prompting and encouragement of Chief, Mani Iyer and CD, Suresh Mullick) moved into the ‘Creative’ department and within a very short time, started making a huge difference. His memorable ‘Chal meri Luna’ TVC broke new grounds and launched the bike, the ad, the agency’s creative potential (vis-à-vis the ‘desi’ stuff) and the writer, into a new creative stratosphere!

Suresh Mullick’s classy Titan campaign was up next, followed by his inspirational and soul-stirring freedom run TVC on national integration and the Piyush-scripted unforgettable, mile sur... TVC. The sensitive literacy campaign and the Fevicol ads followed, and suddenly the buzz in the market had begun. Something truly exciting was happening within O&M. A quiet revolution of sorts was in the making. The die was cast, the seed was sown and just a spark was needed...

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 :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)

Friday, July 11, 2008

Final Round: Plasma Vs LCD!


When IIPM comes to education, never compromise

Players differ over their opinion. Read on...

TheFinal Round: Plasma Vs LCD! festive season is here, and who’d be happier than the consumer durable giants? Promotional schemes, lucrative offers, dhamaka offers... call them what you want to, but the strategic goal remains the same – ‘woo the customers!’ What’s different however is whether it’s LCD or Plasma TV that will rule the times to come...

As per Sony India, the money churner for it during the ongoing festive time has been (and will be) its LCD range of televisions. To justify its belief, it has launched its X, W & D series taking the total models in the category to 15! Sony India, seeking to consolidate its position in the Indian TV market soon hopes to become the top player in this category (with a projected market share of 25%). Affirming the same, Masaru Tamagawa, MD, Sony India said that, “We are focusing a lot on LCD televisions right now to drive our sales for the upcoming festive season...” According to him (and as per industry estimates), Plasma and CTV sales have fallen in recent times, while LCD sales globally have risen during the same period.

However, Amitabh Tiwari (Business Head) LGEIL Consumer Electronics differs, “There is a plenty of opportunity for the Plasma television in India...” He further added that as the leader in the segment they would be looking for greater opportunities to tap and strengthen their position. Yes, LG too launched its Pearl Black LCD TV range recently, but considering its belief that plasma is the new darling, its recent launch confuses many! But then, the Korean has confused many in the past... even its competitors!


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 - Admission Procedure
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!


Wednesday, July 09, 2008

Bent(ley) it like Ian!


Why Study Abroad When IIPM Gives You 3 global Advantages!

Bentley India completes four glorious years...

Onlookers Bentleyenvy it and its proud owners fly past seated smugly in it with pride and satisfaction. Bentley, a name synonymous with sheer splendour and luxury across the globe, is four years old in India, since launch of its operations in the country. Till now the Indian market had exceeded all of Bentley’s expectations and in the light of this fact, Bentley on October 12, 2007 unveiled two new pieces of this art signifying opulence – Bentley Azure & Continental GTC sporting a price tag of Rs.3.80 crores and Rs.2.10 crores, respectively. Ian Gorsuch, Regional Director, Bentley Middle-East Africa & India, gets candid in an exclusive interview with 4Ps B&M...

What are your comments on the latest launches?
TheBentley India completes four glorious years... cars – Bentley Azure & Continental GTC are one of the finest cars from the Bentley’s stable. The cars are the two most powerful convertibles – Bentley Azure – “the inspiration is classic and the execution is cutting-edge” and Bentley Continental GTC – “the convertible motoring at its exhilarating best.” The launch for sure will reinforce our position in the lucrative Indian luxury car market which is growing steadily by the day. The cars are a perfect blend of style, elegance, power & all that it takes to touch customers’ hearts.

Four years back in India... How has the Indian journey been so far for Bentley?
It has been a very interesting journey…. The first obstacle we had to overcome wasn’t to find customers interested in buying these super luxurious marvels. We knew there was demand in the market. It was to build confidence and trust in the market. With our world-class products and our strategies, over a period of time, we became successful in building trust & confidence amongst our valued customers.

How big and important is the Indian market for you?
Well at the moment, the Indian market is relatively small & is not as big as the other big markets across the sphere. Nevertheless, it’s growing steadily and we envision great future of luxury cars in India. Therefore, India enjoys an important place in Bentley’s global vision. Moreover, the Indian market is profitable for Bentley. We make profits and ensure that our dealers also make profits. We don’t enter markets which are unprofitable for us.

Of late there has been a lot of competition in the premium market. How do you ensure your sustainability?
We Bentleyconstantly look after our customers and build our brand around them, around their world. Customer service & satisfaction are the founding stones of the company. If someone buys a Bentley, then we aim to provide such an incredible experience so that their next car is also a Bentley. We sustain & excel our brand by constant customer communication. One has to understand that our competition is not just with other luxury cars. Buying expensive cars is more of an emotional purchase…. The customer may spend the money somewhere else like on jewellery or some other luxurious goods. So we have competition from other luxurious goods too.

And the road ahead...?
We will continue to bring the best from our stable for all our esteemed customers. We will extend our dealership base in the country – probably a dealer in Mumbai by the end of 2008. Our prime focus is not showrooms, it’s opening up service centres. Bentley will remain committed to the Indian market.

Siddharth Nahata

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.
When IIPM comes to education, never compromise
IIPM, GURGAON
IIPM - Admission Procedure
IIPM is A World of Career


Tuesday, July 08, 2008

No clash for this ‘Titan’!


Why Study Abroad When IIPM Gives You 3 global Advantages!

Sparkling Tanishq jewellery, ravishing Raga collection or fascinating Fastrack, take your pick!

“Hey, look at the swanky and expensive beauty wrapped around the slender wrist of that beauty. Must be some plush Swiss or French brand,” said one. “No it isn’t! Look closer. It’s a hardcore desi brand,” replied another. I was pretty surprised while eavesdropping on this conversation between two ladies at a grand social gathering in a ritzy five star hotel. The conversation kept coming back to me – a grand socialite gathering and someone proudly flaunting a Titan watch – is this company that desired and admired? Bang came the reply from Minoo Anand, a law graduate and housewife, “Titan Raga is elegant, I don’t mind flaunting it anywhere. It can’t pass off as an Omega obviously, but can easily give a tough competition to any brand in the Espirit league. The main advantage remains that it can be worn everyday and also as a fine time-piece on special occasions.”

With its chic yet trendy offerings, Titan Industries, a Tata Group company, has given foreign watchmakers a run for their money in the domestic market. Titan’s attractive designs have caught the attention of Indian consumers. And with Bollywood celebrities as brand ambassadors, the admirability quotient of the company and its respective brands have reached hitherto unconquered heights. Agrees Titus Upputuru, CD, O&M, “Aamir and Rani have huge mass appeal with the type of movies they select. They have a class appeal too that is required for the Titan range. Their presence has worked across the board for the Titan range,” he says, adding that if Rani has clicked for Titan’s Raga, Aamir has also been experimenting with different looks for Titan. “For instance, when he was shooting for the movie Mangal Pandey, he was cast in the same get-up while endorsing Titan,” says Titus.

Titan’s wide presence in the Indian market with 203 exclusive showrooms spread across 109 cities, adds immensely to the recall value of this brand & company. Obviously innovation has been one weapon used by Titan to launch fresh collections year after year. This year too, Titan forayed into the sporty watch segment, with its ‘Aviator Series’. Targeting the up-market, global Indian, this fresh collection of sporty watches display a deep-rooted inspiration from the World War II fighter aircrafts. Harish Bhat, COO, Titan Industries, says, “The unique design story behind each of the watches make this the perfect collection for someone seeking a unique sense of style.” The ‘Aviator Series’ perfectly complements Titan’s famous youth brand, Fastrack, which also introduced a new ‘Adventure Collection’. With features like washable Velcro straps with inbuilt analogue compass, a carabiner watch inspired from mountaineering & rock climbing gear, crystal guard to protect the glass and the case and the dials with patterned luminescent ink fill that help to see time even in the dark, its the right accessory for the rough & tough.

Youthfulness apart, Titan with its vast collection aims to capture all genres of the Indian society. So on one hand, if you have launches like the ‘Aviator Series’ and ‘Adventure Collection’, on the other hand, you have a dainty ‘Wedding Collection’ for newly-weds, that includes Gold & Steel Collection, Regalia, Fashionista, Bandhan et al.


For the wedding season, this Tata group company has yet another surprise up its sleeves, with its offerings getting a European touch with its all-metal Laurent Collection. Says Suparna Mitra, Head, Marketing, Titan Industries, “With the wedding season in full swing, we felt the time was right to launch a collection that represents true international craftsmanship and precision in every aspect of design, finish, feel and quality. We are confident that this collection will be extremely successful this season.”

The year 2007 has clearly been a watershed period for Titan Industries, as it saw the company foraying into the prescription eye-wear business, with the launch of stylish Titan Eye+ optical range. With more than 1,000 frames of the finest quality, Titan Eye+ differentiates itself by providing innovative value-added services such as state-of-the-art refraction lab for Zero Error Prescription, scratch resistant lenses, et al. “I think an organisation that innovates and inculcates the habit of innovation amongst not just a very large number of its employees, but also prudent business associates, surely grows. This is the reason why Titan and Tanishq have been so successful,” avers Bhaskar Bhat, MD, Titan Industries, while speaking to 4Ps B&M. With such grand launches, Titan Industries looks upbeat, and has been a front-runner in bagging the SAP ACE 2007’s ‘Awards for Customer Excellence, in the Best Consumer Products Sector Implementation – Large Enterprises Category.

Titan’s sub-brands – Tanishq and Fastrack have also been adding to the likeability of the brand. Bhaskar Bhatt informs, “Tanishq has a wide target audience, like it has traditional jewellery for the senior consumers and light jewellery for generation next. So when your product portfolio is vast and when you have authentic certificate, you are bound to become a very preferred and admired brand. Whether it’s Tanishq or Titan, in time span of 10 years they have become very popular across the country.”

With design, quality, and reliability and not to forget it’s reasonable pricing in a price sensitive country like India, Titan’s watch division commands a 70% share of the domestic organised market. Reporting a turnover of Rs.2,136 crores last year, Titan Industries seems to be ruling the Indian hearts as far as fashion accessories are concerned. Moreover, cashing-in on high-profile brand ambassadors like Aamir’s appeal, Rani’s ravishing looks, John’s attractive appearance and Nafisa’s grace, Titan has indeed travelled far in a short span. Great timing shall we say?

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.
When IIPM comes to education, never compromise
IIPM, GURGAON
IIPM - Admission Procedure
IIPM is A World of Career

Monday, July 07, 2008

Lotte Chill Pills - Chabate ja, chakkar chalate ja


BRAND : Lotte Chill Pills
BASELINE : Chabate ja, chakkar chalate ja

4Ps TAKE : Hey, Lotte Chill Pills - Chabate ja, chakkar chalate ja this ad not only positions its product in a cheap manner, but its tagline speaks volumes about the brand: chabate ja, chakkar chalate ja. And what do we infer? Obviously, the single-minded focus of the ad is to grab the viewer’s attention by hook or by crook – but are chewing gum ads supposed to use such lingo to impress consumers? Don’t think so. But it seems that hopping trains and hooking girls is the fresh mantra for success, according to Lotte Chill Pills. And is there a strategy at all? For one, the communication is a complete waste that doesn’t take the brand forward, with a visual that’s loaded only with good faces. The positioning is based on popping in a chewing gum to make flirting easier. What is the clinching benefit to the brand? The reward to the prospect? So let’s say this to the creators of the ad: take a chill pill and produce a smart ad via innovative ideas rather than using the age-old girl-guy flirting business!

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.
When IIPM comes to education, never compromise
IIPM, GURGAON
IIPM - Admission Procedure
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!



Saturday, July 05, 2008

HYUNDAI MOTORS


IIPM - Admission Procedure

Once upon a time, Maruti was the only rival for the sunshine car. Till Tata Motors came along...

Here’s a Korean HYUNDAI MOTORSauto major, who boasts of three ambassadors – SRK, Preity Zinta and Sania Mirza. Yes! Hyundai, and small wonder then that the brand has been able to dent Maruti’s un-challengeable dominance to some extent. Arvind Saxena, VP, Marketing and Sales, Hyundai Motor India, explained to 4Ps B&M: “We have been doing product specific campaigns during the last year based on our requirements.” He added that the company will consistently focus on 2 core areas – innovation and reliability in all its communication. Hyundai posted sales of 299,513 units in CY06, an elephantine increase of 18.5% as compared to CY05. Anticipating similar momentum, HMIL is setting up its second plant, taking the total production to 600,000 units by end of 2007 from the current 300,000 units. The company is building up an extensive network of dealers, expanding their numbers from 183 to 250 by this year end. In a bid to boost consumer satisfaction, aftersales service network are also being increased to about 1,000 in 2007. This will give Hyundai the much needed edge to come at par with Maruti and continue to keep the sun shining brightly on its India story!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

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

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