Showing posts with label Arindam Chaudhuri. Show all posts
Showing posts with label Arindam Chaudhuri. Show all posts

Wednesday, November 24, 2010

A state of Disarray

IIPM BBA MBA Institute: Student Notice Board

In a part of India where nothing seems to work, the steel cities are a saving grace. By Saibal Chatterjee

A river named Subarnarekha – ‘streak of gold’ – runs through it. But even as the price of the precious yellow metal crosses the Rs 19000 per 10 grams mark, the stocks of the crisis-ridden state of Jharkhand continue to be in free fall. Is anybody surprised?

Well, you might be a touch baffled if you happen to be a denizen of the steel city of Jamshedpur, which is in more ways than one an oasis of order surrounded by a choppy sea of chaos. Its neatly numbered streets are tree-lined and perfectly carpeted, its parks are well looked after and its numerous residential colonies and markets are wrapped in an orderly feel. The upkeep of the city is done by the Jamshedpur Utilities and Services Company (JUSCO), a Tata Steel subsidiary. No wonder.

But drive just a few minutes away from the JUSCO-maintained part of town – into the messy suburb of Mango or the grimy industrial belt of Adityapur – and you know you are in God-forsaken Jharkhand. The private enterprise-public governance divide could not be any sharper than it is here.

In Jamshedpur, JUSCO is responsible for power and water supply, municipal solid waste management and maintenance of roads and parks. No matter what the power situation is in other pasrts of the state - it is usually very bad – the street lights of this city are always aglow from sunset to dawn.

In every civic sphere that one can think of, Jamshedpur usually runs like a well-oiled machine. Much the same is true of the other steel city of Jharkhand, Bokaro, which is a bustling industrial hub located on the banks of the Damodar. Like the rest of Jharkhand, it abounds in natural beauty.

Nature has indeed been gloriously kind to Jharkhand. Unfortunately, the politicians of the state have been anything but. As one drives from Dhanbad to Jamshedpur, Ranchi or Ghatsila, the splendour of the sylvan landscape can take your breath away on a clear day. But this is Maoist country, just a landmine away from mayhem. You cannot afford to let your guard down. Wherever possible, commuters in these parts prefer to travel in a convoy, seeking safety in numbers.

So, you retreat to the safety of Dimna lake, an artificial water body constructed by Tata Steel 13 km outside Jamshedpur, at the foothills of the lovely Dalma hills, or to the lush green Jubilee Park in the heart of the city that is lit up in many hues when the sun goes down. There is much here to commend.

A recent study commissioned by the Union urban development ministry has ranked Jharkhand among the worst states in India in terms of sanitation. However, Jamshedpur and Bokaro figure among the 50 cleanest cities of India. Of the 423 cities surveyed across the country, the former ranks 7th and the latter 48th. Ranchi, the state capital which was until 1967 the summer headquarters of Bihar, is placed a lowly 118th on the list. And therein lies a tale. Mango, which is in Jamshedpur but isn't a part of the Tata Steel command area, is 279th on the list, while Hazaribagh is 310th and Adityapur 399th. Endemic poverty, widespread squalor and an air of lawlessness are visible wherever you go, be it Ranchi, Dhanbad or Hazaribagh. Little has changed in these places since Jharkhand became India's 28th state. If anything, things have only deteriorated.

A road that emerges from the Dhanbad railway station and winds its way into the heart of town provides a classic demonstration of what is wrong with this part of the country. For three decades and more, this thoroughfare and the connecting lanes around it have remained exactly the way they were in the 1970s. Progress has bypassed this street and chaos reigns supreme on the stretch. Traffic rules in Dhanbad are followed more in the breach. People of this congested city where the coal mafia calls the shots are resigned to their fate.

When Jharkhand came into existence nearly ten years ago, a spark of hope had been ignited. But the potholed roads of Dhanbad have remained untouched by anything positive that might have happened in the rest of India. When Indian cricket captain Mahendra Singh Dhoni is in his hometown, Ranchi, he does drive around in his Hummer, but the ride in a chaotic city can be anything but a humdinger. Ranchi, once known for its salubrious climate, is now just another small town struggling to keep pace with unplanned urbanisation.

And it isn’t just the exploited tribal population that is deserting the state in search of a better life elsewhere. In the Civil Services Examinations of 2009, two girls schooled in Ranchi, Iva Sahay and Tanvi Sundriyal, ranked first and second among women candidates. But when it came to choosing their IAS cadre, they skipped their home state and instead opted for Rajasthan and Uttarakhand respectively. Political instability, a rising crime rate and rampant corruption have made Jharkhand a difficult place to work in.

Disillusionment runs deep in Jharkhand and it is difficult not to be caught in the debate surrounding the need to empower the indigenous people of the state. At the moment, the balance is loaded heavily against the marginalised tribal communities. In Ab Aur Waqt Nahin (Running Out of Time), a 2006 documentary film made by Abhijay Karlekar, an Adivasi says: “Sarkar badalne se kya hota hai? Hamari bhasha to woh samajhte hi nahin hain (So what if the government changes? They do not understand our language).”

The indigenous population of Jharkhand, which has been at the forefront of India’s industrial development strategy since Independence, has been left out of the growth curve. In the industrial units of Ranchi, Jamshedpur and Bokaro, the presence of tribals in the workforce is rare. Unskilled, they are condemned to look for odd jobs as daily wage labourers because agriculture has become an increasingly unviable option for the marginalised.

The tribes that the state was carved out for are today in grave danger of dropping off the map. If they do, will Jharkhand survive?

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.
Run after passion and not money, says Arindam Chaudhuri
IIPM BBA MBA B-School: Rabindranath Tagore Peace Prize To Irom Chanu Sharmila
IIPM Prof Rajita Chaudhuri: The New Age Woman
Award Conferred To Irom Chanu Sharmila By IIPM
IIPM’s Management Consulting Arm - Planman Consulting

IIPM Lucknow – News article in Economic Times and Times of India
Planman Consulting: The sister concern of IIPM
Planman Consulting
Social Networking Sites have become advertising shops

Monday, November 15, 2010

KITES: From soar to sour

IIPM Prof Rajita Chaudhuri: The New Age Woman

TSI Five-O: Weak narrative thread tied to a gorgeous looking canvas of locales and action
Pushed back release dates, pre-release hype and controversies, mega bucks marketing had all combined to raise anticipation and expectations to such high levels for “Kites” that I wouldn’t be surprised if the audience showed up with their own little checklist. Hrithik-Barbara chemistry? Check. Kickass action sequences? Check. Hrithik dancing like only he can? Yeah, baby! A crisp narrative that zips you through the two hour runtime smoothly? Uh oh. Great background score? Check. Songs to fit the mood? Erm...ouch!

Make no mistake, “Kites” is an impressive crossover attempt with its technicals very sound. From action to sound mixing to editing, it looks slick and exciting whether it is the nefarious hue of the neon lights of Vegas or the unforgiving pain of the New Mexico desert. But the story somehow contrives to become clumsy after a superb opening with J (Hrithik Roshan) falling in love with Gina (Kangana Ranaut), the daughter of casino mogul, Rob (Kabir Bedi, little screen time but suave as ever). Gina’s brother Tony (Nicholas Brown) is betrothed to Natasha (Barbara Mori) but J and Natasha fall for each other and decide to run away, leaving a vengeful Tony on their trail.

Hrithik and Barbara’s romance provides some lovely moments in the film and while Barbara is commendable, Hrithik shines bright with his earnest effortlessness. Less earnest is the rest of the cast and the script because both seem to run out of juice in the second half. Anurag Basu constructs a gritty and painful tale but at its heart it’s a simple Bollywood story with a Hollywood face lift. It’s worth a watch no doubt, but like a kite that has been cut from its thread and now lies torn among the branches of a tree, its utility is ephemeral.

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.
IIPM BBA MBA Institute: Student Notice Board
Run after passion and not money, says Arindam Chaudhuri
IIPM BBA MBA B-School: Rabindranath Tagore Peace Prize To Irom Chanu Sharmila
IIPM’s Management Consulting Arm - Planman Consulting
Planman Consulting: The sister concern of IIPM
Planman Consulting
Social Networking Sites have become advertising shops

Tuesday, August 10, 2010

The best advice

NARESH GOYAL
CHAIRMAN, JET AIRWAYS
“I try to maintain complete transparency in my principles and never compromise with them. I don’t remember precisely who gave me this advice, maybe it came from my own learnings in the corporate world.”

ARNAB GOSWAMI
EDITOR-IN-CHIEF, TIMES NOW
”Well, largely I’ve been pretty much doing my own thing without following anyone’s advice. But I recall that at the time I was quitting NDTV a few years ago, my friend Uday Shanker (Star India CEO) advised me on the merits of flying solo. He said that ‘one’s real abilities are not tested until and unless they fly solo’. I joined Times Now and have not looked back ever since.”

AMIT BURMAN
VICE CHAIRMAN, DABUR INDIA
“My father always advised me that you should think about the welfare of Dabur first and then only cater to your personal emotional needs. I took that advice and today don’t regret passing the baton of Dabur Foods to a professional.”

M.A. MADHUSUDAN
CEO, VIRGIN MOBILE INDIA
A dear colleague of mine once told me that if you feel that something is right and it can give positive results just go ahead and do it – don’t deliberate too much. I treasure this mantra.”

ANN OLLESATD
AMBASSADOR, ROYAL NORWEGIAN EMBASSY
“I learned a lot from my daughter and one of the best advices she gave me was to be courteous to everyone, but to share your private thoughts with only a few. Also, India as a country always advises on the importance of living in harmony. ”

CHANDER M SETHI
CHAIRMAN AND MD, RECKITT BENCKISER
“Never howl on any situation, rather try to take all possible benefits from it.”

B.S. NAGESH
MANAGING DIRECTOR, SHOPPER’S STOP
“The best advice that I got was from one of my friends who advised me never to force people into anything. Consensus is better.”

ARVIND SHARMA
CHAIRMAN AND CEO, LEO BURNETT INDIA
“I got this advice in the first week of my MBA at IIM-A by Professor Balakrishnan. He said, you must define the problem correctly and chances are that you will solve the problem correctly.”

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.
IIPM enters into media education
IIPM makes record 10,000 placements in five years
TSI exposes b school ranking scamsters Mahesh Peri of Career 360 and Premchand Palety of C fore. - For Complete Sting Operation Video Click Here
Pioneer Exposes the fraud called Mahesh Sharma and Mahesh Peri of Career 360 and Barbel Schwertfeger of mba-channel.com

Detail of all IIPM branches
IIPM - Admission Procedure
IIPM, GURGAON

IIPM 3-year full-time Integrated (MBA BBA) Programme
IIPM 2-year full time Programme (leading to the award of the MBA degree from IMI)

Thursday, February 26, 2009

Oil Minister, Murli Deora recently revealed


IIPM Admission Detail

Allegations of cartelisation notwithstanding, aviation companies do need to come out of their ‘losses’ misery or else they will soon die a natural death. Given their miserable situation, creditors are getting jittery, including oil companies and airports that have started to pester them for clearing their outstanding dues at the earliest. On the one hand, Mumbai International Airport is demanding its due bill to be cleared at the earliest, and on the other, Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (HPCL) have even issued a deadline of 15 days for dues clearance.

Oil Minister, Murli Deora recently revealed that Jet had defaulted on fuel-bill payments of $53 million to IOC. And the situation is grim for the entire industry. Jet, Kingfisher and Nacil together owe nearly Rs.1,800 crore to oil companies (beyond their credit limits), out of which almost 60% needs to be paid to IOC, and the rest to HPCL and BPCL. IOC has further revealed that Jet Airways has exceeded its credit limit of Rs.600 crore by Rs.330 crore, while Kingfisher, whose credit limit is around Rs.60 crore has exceeded by around Rs.40 crore. Nacil has no credit limit, but the company owes a staggering Rs.606 crore to them.

Moreover, the real problem faced by the industry is that of fixed costs that includes salaries and other operating costs. Figures unveil that the number of employees in Jet went up from 11,088 as on March 31, 2007 to 13,163 through March 2008 because of which salaries, increments and benefits for the same period also swelled up by 28.5% from Rs.938.1 crore to Rs.1,205.2 crore. Jet alone is anticipating a quarterly loss of over $103 million and this is when overall revenues are estimated to shoot up by nearly over 50% as against the same quarter of the previous year (due to growth in its international services).

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
Why Study Abroad When IIPM Gives You 3 global Advantages!

Monday, February 09, 2009

India and Egypt have had a strong link for centuries


IIPM Programme :- SUPERIOR COURSE CONTENTS

H. E. DR. MOHAMED HIGAZY, AMBASSADOR, ARAB REPUBLIC OF EGYPTWhat potential does Egypt hold for Indian business houses?
If you consider India, particularly, then India and Egypt have had a strong link for thousands of years and this cultural legacy has helped Egypt to become unique for India. We offer cheap skilled labour, and the geographical richness makes Egypt one of the best place for investment.

Both India and China have adopted different strategies for Africa. Which is a better approach?
We think both the approaches by India and China are equally important for Egypt and Africa. Egypt needs both FDI in heavy industry like iron ore and at the same time buoyant entrepreneurs from India who can develop the economy. The aim should be in making a win-win situation and in such condition; both the approaches will keep on helping African economy.

Is Africa becoming the new testing ground for India Inc.’s ‘brand’ war with corporate China?
I think Mr. Manmohan Singh in the India - Africa Summit, made it very clear that India is not competing against China in Africa, rather both of them are complimentary and Africa always welcomes those countries, which work for the benefit of this continent. In Egypt, both India and China have been contributing and working on different grounds and we don’t see that there’s a ‘brand’ war.

What, according to you, are reasons behind their (India and China) renewed focus on Africa?
We don’t think that the focus is renewed but I think there are certain areas, where the focus has increased like in Iron ore, IT and textile. African Governments are facilitating the code of investment and in Egypt we have created a very strong banking system. We also organise exhibitions, last year we had 16 ministerial visits.

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
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...

Tuesday, February 03, 2009

“We do not see much competition from China”


IIPM, GURGAON

V. VENKAT, CEO AND EXECUTIVE DIRECTOR , EMAMI LIMITEDV. VENKAT, CEO AND EXECUTIVE DIRECTOR , EMAMI LIMITED

Can you share your plans for the African market? Where and how much are you planning to invest in this market in the near future?


Currently we export personal and healthcare FMCG products to East and North African countries. We have distributors who buy and distribute in the respective countries. However, we have plans to look at a manufacturing facility in one of the appropriate African country. But that’s sometime in the future.

Is Africa fast becoming the testing ground for India Inc.’s ‘brand’ war with corporate China?
We feel this question is not applicable to personal and healthcare FMCG organisations at this point of time as we do not see much competition from China in the personal care space.

What, according to you, are reasons behind their (India and China) renewed focus on Africa?
For Indian personal care products Africa is certainly an attractive market place as it offers a reasonable size of market and lower entry barriers.

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 - Admission Procedure
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...

Saturday, January 17, 2009

Carrefour, Target, Metro, Tesco and others are right on the heels of Walmart, threatening its dominance as the number one retailer in the world


Circa 1988: Walton gave up his post of CEO of Walmart but remained on the board as Chairman until his death (1992). Walton created a great business out of the idea that came from a barber, Herb Gibson, “Buy it low, stack it high, and sell it cheap.”

Cut to the present: Walmart is still the number one retailer in the world and has recently undergone a brand makeover. It’s new logo has the ‘hy phen’ missing and Walmart is one word! But is this something new? Not if we tell you that Walmart has done this several times before! What is however unique here is the idea of remodelling the existent Walmart stores. During the year, the company has promised that it would remodel 350 stores in US. And if this excites you, Eduardo Castro-Wright, President & CEO of the U.S. stores division has some better news for you. “The number of remodelled stores could double to about 700 each of the following two years,” he claims. Indeed, Walmart had banked on the low-cost factor for a truly long time, and had ignored the essence of marketing and in-store experience and appeal to its consumers. Agrees Susan Rider, President, Rider & Associates, “Sam Walton was an example of a businessman that cared to provide a low cost product so that people could afford a better way to live. I believe that is still the mantra for Wal-mart but when you have thousands of managers and executives, the concept may get lost...”

However, senior officials at Walmart continue believing in the low-cost model, so much so that they have even extended their private label portfolio to combat shrinking margins. But somehow, Walmart’s image (after all the legal suits) is getting tarnished by the day, even when it comes to the quality of the cheap products it sells. “Most of this ‘cheap’ inventory comes from overseas and has tarnished Walmart’s reputation of providing quality items,” affirms Doron Levy, President, Captus Business Consulting who further recommends the importance of ‘minimum’ quality focus for Walmart’s brand longevity.

As Sam Walton notes in his autobiography Made in America, “Walmart wouldn’t be what it is today without a host of fine competition, most especially Harry Cunningham of Kmart, who really designed the first discount store, and who in my opinion, should be remembered as one of the leading retailers of all time.” But Lee Scott, current CEO of Walmart wouldn’t want to use such positively expressive words for his competitors... Why you ask? During the past few years, Target, Metro, Carrefour and Tesco have emerged as the ‘new-age’ retail giants globally. To talk about US alone, Target is the one giving nightmares to Walmart as a recent Global Markets Survey by Citigroup on the latest shopping trends illustrates that Target’s prices are only 3% higher than that of Walmart’s on an average. The report further went on to warn that the reported in-store experience of Target was far better than that of Walmart’s. As Nikki Baird, Managing Partner, RSR Research remarks, “It took competing retailers longer than it should have to realise they couldn’t compete with Walmart on price. Customer-centric strategies have emerged very much as a response to Walmart. Today the retailers say that: if I can’t beat Walmart on price, then I’m going to change the basis of competition.” Really, Walmart has to move beyond the myopia of keeping its faith tucked in the blanket of just low prices!

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).

Wednesday, January 07, 2009

Ramalinga Raju has grown satyam into a billion dollar enterprise by betting on encouraging entrepreneurs within his firm...or so he says!


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

When 4Ps B&M caught up with Rama Raju, CEO, Satyam Computer Services Ltd. and asked him about how Satyam plans to be among the Big 3 rather than the Big 4, he strongly asserted that investments in leadership will be a key differentiator for Satyam. Indeed, leadership in itself can be a very important barometer of the company. The trends with regard to CEO succession for the top IT giants in India do make for quite an interesting comparison. The Tatas seem to have an immensely unshakeable faith in S. Ramodarai, who has been CEO for over the past 12 years. The Infosys CEO baton, in contrast, has passed from Narayana Murthy to Nandan Nilekani in 2002 and then to Kris Gopalakrishnan in 2007; which has been hailed as an outcome of outstanding succession planning. As far as Wipro is concerned, the less said the better about CEOS. Azim Premji had famously quoted in 2005, “Wipro doesn’t need a CEO!” Nevertheless, the company is now following a unique joint CEO structure, with Girish S. Paranjpe and Suresh Vaswani at the helm since early 2008.

Which brings us back to Satyam, and also back to Rama Raju, who, besides being the brother of the iconic Chairman Ramalinga Raju, has been the MD of the company since 1996 and CEO since 2005 (there was no CEO designation at Satyam before that, as company officials tell us). If we go by first impression, also considering how Ramalinga Raju is the most visible face since inception; it appears that Satyam is a case where ownership and management are one.

Do note, however, that we used the word ‘appears’. On the contrary, within Satyam, a powerful entourage of leaders is being created as we speak, who, the company claims, will enable it to make the next big leap soon. Rama Raju tells us that distributed leadership and minimal bureaucracy are the key aspects that Satyam is focussing on. He says the company has “some 2000 value creating entities and 800-900 projects for a few hundred customer relationships.” Furthermore, he says that even as far as succession planning goes, he has people in mind, though he did not wish to name them, who could take up his position when he retires in another 10 years. If we look at the senior management, there are a number of knights in Raju’s army who, though they are not so well talked about, are actually quite ‘mission critical’ to Satyam’s hitherto elusive ‘Big three goal’.

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
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...

Friday, January 02, 2009

With elections ‘09 looming, India’s politicians are also gearing up for the kill.


IIPM Programme :- SUPERIOR COURSE CONTENTS

Back home, you only have to flashback to December 2007 to see how the political marketing fever has seized India’s once dogmatic and rhetoric-oriented netas. The Gujarat election campaigning was at its peak that time, and political supporters of firebrand BJP leader Narendra Modi thronged election rallies wearing slickly designed Modi masks, which added the hysteria value to the overall brand Modi. Reminiscent of the successive Reagan, Carter, Clinton, Bush and now Obama masks that have defined US election campaigns for decades, the made-in-China Modi masks were conceived by Modi’s campaign managers.

40-year old fine-arts professional, Manish Bardia, who designed the Modi mask still remains in awe of the CM’s understanding of media. “The masks were a small part of the Modi campaign, which started at least a year before elections. Whatever the government did - however small - was communicated via media,” says Bardia. Incidentally, 20-days prior to the election, Bardia was asked by Modi’s team to design the website - Gujarat Gaurav Fan Club, on lines of Clinton and Obama’s websites. “It was to tap the NRI Gujarati base and youngsters in the state,” explains Bardia. The website was a hit with target audiences, registering almost 15 lakh hits in 20 days and visible across Facebook and Orkut.

Strangely though, while Modi’s over-the-top image makeover, backed by a pro-communication & technology strategy was lapped up by Gujarati voters recently; BJP’s similar national strategy did not cut much ice with the electorate when the nation went to polls in 2004. BJPs $20 million India Shining campaign hogged TV spots and print media at the time. Conceived by ad agency Grey Worldwide, the advertising zing was combined with top-of-the-line online presence, bulk e-mail, blogs, posters and India Shining rhetoric during election rallies. Political watchers were convinced that the slogan and its accompanying promise would win the day for BJP. But when election results came in, the saffron party crumbled. Some grudgingly even admitted that what works for the US does not necessarily work in India.

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
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...


Thursday, December 11, 2008

INCREDIBLE MCX?


IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

For the uninitiated, as a futures commodity exchange, MCX offers a platform to producers, sellers and hedgers to get an indication of future prices for their raw materials, so that they can reduce their exposure to future price risks, besides allowing for price discovery in respective commodities. The MCX management links the futures market to insurance. If you have a health problem, you take insurance; fluctuating prices are a risk for both producers and sellers, and the futures market is an insurance against that, they aver.

Of Pains & Prejudices
But despite all efforts to the contrary, prejudices and suspicions regarding commodity futures persist. For one, the blame for the spiraling prices of commodities, including grains and edible oils, over the last couple of years is being placed squarely on the shoulders of the speculation and hedging that goes on in commodity exchanges. Result: policymakers and bureaucrats are making it a habit to de-list commodities that show high price volatility in these inflationary times. If last year, comexes faced a setback due to a ban on wheat, rice, urad and chana; in May this year, the government de-listed another four commodities from the market, fearing that hoarding and speculation was driving up prices. Comexes lost out in the bargain. “But there’s no link in price rise and commodity futures trading. Last year futures trading in rice and wheat was banned. Inflation was 6.5% then. One year hence, with inflation at 11.42%, prices of rice and wheat have almost doubled without any futures trading in these items,” reasons Naveen Mathur, Head, Angel Commodities. Given that in India, the agricultural sector is driven by more political interests than commercial, Naveen is not the only one crying foul over routine policy flip flops and political intervention over futures trading in agro commodities. Even the Abhijit Sen Panel report, studied the impact of futures trading on price rise and recently submitted its report giving them clean chit.

Be that as it may, such political and bureaucratic interference has not made as much of an impact on MCX’s fortunes (self-admittedly agri commodities form only 10% of the entire trading volume on MCX), as opposed to NCDEX where agri commodities comprise a bulk of their trading total. And that perhaps is a key reason for MCX’s gravity defying growth. “Since the beginning, MCX concentrated on international commodities like crude oil, bullion, energy and non-ferrous metals, believing that government interference would be low,” explains Amar Singh, Head-Commodities Research, Angel Broking.

When the government revoked a four decade ban on commodity futures trading, of the three national commodity exchanges that came up in 2003, MCX appeared to be the weakest link of the lot, with a humble, small-time technology entrepreneur Jignesh Shah at its helm. The other - NCDEX was a powerful ICICI consortium backed exchange. In fact, in the initial year it was NCDEX that was on an average performing better than MCX. But Shah and team quickly turned the tables with their focus on global commodities, customised products (or contracts) and their awareness campaigns. As a result, MCX beat NCDEX fair and square in terms of trading volumes.

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 - 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...