IIPM - Admission Procedure
4Ps B&M: How has been your entrepreneurial journey so far?
SC: It has been a difficult journey but at the same time an interesting and challenging one. I feel that we have been able to make a difference.
4Ps B&M: How do you see the competitive landscape in the broadcasting business in coming years?
SC: We may see interesting changes in the sector. Competition will surely intensify. Broadcasters who have sound fundamentals will be better equipped to take on the challenges. Channels that were launched with no clear differentiation or viewer base will have to learn to become more customer focused or be forced to exit. It is reasonable to foresee some signs of consolidation in the crowded GEC market through strategic business alliances.
Also, cost-cutting will have to give way to looking at cost-effectiveness and achieving higher levels of productivity. I hope we will see the end of frivolous expenditure in meaningless fare, frills and promotions. The financial crisis is an opportunity for more efficient players in the industry to improve their competitiveness and market share.
4Ps B&M: New channel launches have led to a lot of churn in human resource at Zee. Your take?
SC: We never believe in over-doing things. Last year when new channels were launched many of our people were offered and taken at three to four times of the salary they were drawing here. We wished them good luck. We continued our journey in Zee the way we have been conducting it so far. We never over expand and we never were over ambitious. There were some conflicts at senior level as some people in the senior management felt that we should also spend like others are spending. But we said no to that. That’s why there were some exits at the senior management last year. If new channel launches are happening and they are spending huge money we would not be affected. We would keep our heads down and let the storm pass.
4Ps B&M: How is the slowdown affecting the media industry?
SC: There is no reason for India to participate in this slowdown because India’s economy is by and large (around 86%) dependent on domestic demand. But yes the businesses are getting affected by it. It is affecting the media industry too but it is all psychological. The growth in TV industry was estimated to grow at 18-20% but we think it will come down to 15%.
4Ps B&M: Any new business areas?
SC: At the moment our focus is to carry on the existing plans that are already there. As we have announced we are getting into Out-of-Home advertising business. Apart from that the focus is to run the existing businesses properly and see how the economic situation emerges in the next couple of years before we do any new thing.
4Ps B&M: How do you see the media industry shaping up in few years?
SC: It will be growing. From the customers’ point of view, I am confident the days ahead will bring them a wider variety of interesting programming. Our group has led the way to providing more regional content in entertainment and news. All this will boost advertiser confidence. The Indian market is big so the cable industry can also find room to grow along with digital penetration. Viewers can expect more entertainment value for their money .
4Ps B&M: How do you rate Rupert Murdoch as an entrepreneur?
SC: He is a strong entrepreneur and a risk taker. My own belief system (being a strong entrepreneur and a risk taker) has been very much similar to his (Rupert Murdoch). (Smiles) And that has been confirmed during my alliance with him.
4Ps B&M: How important is succession planning at Essel Group?.
SC: We give due importance to succession planning at all levels. Youth is well represented in our group companies, and rightly so. India has the world’s largest proportion of youth and this is evident in Essel Group. Most of our CEOs and Business Heads are young executives, selected on the basis of their capability, potential leadership, & willingness to innovate. I believe in delegation and empowerment.
4Ps B&M: You are quite passionate about Vipassana. Comment!
SC: Yes, I am passionate about Vipassana. When we observe silence for 10 days at the centre, we realised it is the only time one spends with oneself. Otherwise, you are working for something or the other including your own ego. Vipassana helps to control that. As for me, Vipassana has helped me to control my anger.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2009
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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Showing posts with label ARINDAM CHAUDHURI. Show all posts
Showing posts with label ARINDAM CHAUDHURI. Show all posts
Tuesday, May 05, 2009
Friday, October 24, 2008
rollins’ stones irk the boss!
Falling market share pushed Michael 
to come back in 2007 to regain the reins and push aside Kevin Rollins, who he had named his successor in 2004. Rollins had worked at Dell for over a decade, handling varied positions like Senior VP, Corporate Strategy (1996); President, Dell Americas (1996-2001); President (2001-2007) and CEO during 2004-2007. It was Rollins who commenced a campaign in 1997 called “The Soul of Dell”, which paid off highly in altering the company’s culture. And also the man behind the push for a $60 billion annual sales target. Rollins had engineered the alliance between Dell and EMC, which results in $100 million sales per quarter, as per industry sources.....Continue
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
to come back in 2007 to regain the reins and push aside Kevin Rollins, who he had named his successor in 2004. Rollins had worked at Dell for over a decade, handling varied positions like Senior VP, Corporate Strategy (1996); President, Dell Americas (1996-2001); President (2001-2007) and CEO during 2004-2007. It was Rollins who commenced a campaign in 1997 called “The Soul of Dell”, which paid off highly in altering the company’s culture. And also the man behind the push for a $60 billion annual sales target. Rollins had engineered the alliance between Dell and EMC, which results in $100 million sales per quarter, as per industry sources.....ContinueSource : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
Tuesday, October 21, 2008
Under attack!
Ranbaxy won’t be affected much
Daiichi’s acquisition of the Indian Pharmaceutical giant Ranbaxy Laboratories Ltd. has stirred the hornet’s nest in the pharma industry.
And the talks about the deal haven’t even died down when Ranbaxy has to face yet another glitch in the form of adulteration charges in its drugs from the US authorities: the Food and Drug Administration and Department of Justice. Ranbaxy’s stock faced a severe knocking since, falling by 18% to Rs.437 as on July 18, compared to Rs.538 on July 10, when the controversy broke.
It was a foregone conclusion that Big Pharma would not be happy with the deal, which merges a generic giant with an R&D major. But the matter became more complicated due to the statement made by Malvinder Singh, Chairman & CEO, Ranbaxy, to the press on July 18, when he said, “All these issues have emerged after the deal with Daiichi Sankyo... an MNC is trying to derail Ranbaxy’s deal with Daiichi Sankyo.”...Continue
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
Daiichi’s acquisition of the Indian Pharmaceutical giant Ranbaxy Laboratories Ltd. has stirred the hornet’s nest in the pharma industry.
And the talks about the deal haven’t even died down when Ranbaxy has to face yet another glitch in the form of adulteration charges in its drugs from the US authorities: the Food and Drug Administration and Department of Justice. Ranbaxy’s stock faced a severe knocking since, falling by 18% to Rs.437 as on July 18, compared to Rs.538 on July 10, when the controversy broke.It was a foregone conclusion that Big Pharma would not be happy with the deal, which merges a generic giant with an R&D major. But the matter became more complicated due to the statement made by Malvinder Singh, Chairman & CEO, Ranbaxy, to the press on July 18, when he said, “All these issues have emerged after the deal with Daiichi Sankyo... an MNC is trying to derail Ranbaxy’s deal with Daiichi Sankyo.”...Continue
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
Saturday, October 11, 2008
Mom, can I have a ministry too?
Is portfolio shuffling a born trait or can it be learnt? B&E’s deep review
A few months ago, a research done by the most prestigious Yale University revealed that Indian politicians are extraordinarily intelligent. Well, we should mention they prove to be equally intelligent as ‘fund’
(or should we say, ‘post’) managers to have learnt how to arrange ministerial portfolios to minimise political risk.
Some months ago, when UPA coalition partner, DMK leader Karunanidhi, called back Minister of Communications and IT, Dayanidhi Maran, who was replaced by another party loyalist and Environment Minister A. Raja without any stated specific reasons, even the Prime Minister had no say on it. And Minister of State for Home, S.Rogupathy, another loyal DMK leader, was brought to the Environment Ministry. Similarly, in the era of the NDA government, Suresh Prabhu, who was the then Power Minister, was also forced to leave the Ministry and was replaced by another party leader Anant Geete, a protege of Shiv Sena Chief Raj Thakeray.....Continue
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
A few months ago, a research done by the most prestigious Yale University revealed that Indian politicians are extraordinarily intelligent. Well, we should mention they prove to be equally intelligent as ‘fund’
(or should we say, ‘post’) managers to have learnt how to arrange ministerial portfolios to minimise political risk.Some months ago, when UPA coalition partner, DMK leader Karunanidhi, called back Minister of Communications and IT, Dayanidhi Maran, who was replaced by another party loyalist and Environment Minister A. Raja without any stated specific reasons, even the Prime Minister had no say on it. And Minister of State for Home, S.Rogupathy, another loyal DMK leader, was brought to the Environment Ministry. Similarly, in the era of the NDA government, Suresh Prabhu, who was the then Power Minister, was also forced to leave the Ministry and was replaced by another party leader Anant Geete, a protege of Shiv Sena Chief Raj Thakeray.....Continue
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
Tuesday, October 07, 2008
Surge, then upsurge
Iraq will not heal till the last of the US occupiers remains on its soil
As was all along suspected, the US military "Surge" i
n Iraq invited an Upsurge: this one involving rival Shia clans. For the first time the dissonance between US strategic thinking and the ground situation in Iraq is as clear as the ultimate outcome is clouded, considering nobody in Washington is really sure about how many soldiers should stay around and for how long. (Quitting for good being out of question because that would look too much like defeat to allow for dressing up as victory – cowboy style. Also, what about the oil and the reconstruction booty, buddy? ) The much publicised surge did bring down violence – but expectedly the good news lasted only for a while. For hardly had the fruits of the good David Petraeus' work begun to register than the Bushies decided the time was ripe to wipe out the formidable Mehdi militia.
Actually, as the widening crisis shows, the time was anything but ripe. And with the Americans disregarding Sadr's repeated desperate calls for a ceasefire, it is clear to all that they will stop at nothing till the oil has been fully and permanently tapped, in keeping with Uncle Sam's scheme of things. Basra in southern Iraq, the stronghold of Sadr, is an oil-rich region – and what was the illegal war waged for if not for the oil?....Continue
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
As was all along suspected, the US military "Surge" i
n Iraq invited an Upsurge: this one involving rival Shia clans. For the first time the dissonance between US strategic thinking and the ground situation in Iraq is as clear as the ultimate outcome is clouded, considering nobody in Washington is really sure about how many soldiers should stay around and for how long. (Quitting for good being out of question because that would look too much like defeat to allow for dressing up as victory – cowboy style. Also, what about the oil and the reconstruction booty, buddy? ) The much publicised surge did bring down violence – but expectedly the good news lasted only for a while. For hardly had the fruits of the good David Petraeus' work begun to register than the Bushies decided the time was ripe to wipe out the formidable Mehdi militia.Actually, as the widening crisis shows, the time was anything but ripe. And with the Americans disregarding Sadr's repeated desperate calls for a ceasefire, it is clear to all that they will stop at nothing till the oil has been fully and permanently tapped, in keeping with Uncle Sam's scheme of things. Basra in southern Iraq, the stronghold of Sadr, is an oil-rich region – and what was the illegal war waged for if not for the oil?....Continue
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
Read also :-
Monday, September 22, 2008
The ‘flu’ that grounded a state
After battling with massacres and riots, WB’s cup of woe still runneth over with the attack of the killer virus!
The legendary town of Hamelin infested with rats (sans the rescuer Pied Piper) comes to mind as soon as one hears of the Bird Flu
menace in West Bengal that has engulfed nearly the entire state by infecting 13 districts and 42 blocks with the pestilent H5N1 virus. The city of Kolkata is under siege by the deadly virus. And, before the death knell sounds for the metropolis, government bigwigs in the Writers’ Building have taken all possible actions to circumvent the spread of the virus into the city, such as, banning entry of all the poultry products in the city. The posh Salt Lake City (satellite town of Kolkata) in fact, has not only banned the entry but also sale of chickens & ducks. However, according to a police officer, the fool proof implementation of such a plan is next to impossible. For instance, the Kolkata Municipal Corporation has allowed entry of products from 14 authorised poultry farms.
The state has incurred colossal losses worth Rs.500 crores in poultry business and above three lakh people have lost their source of livelihood since the virus was first detected in Margram in Birbhum district 12 days back. Making a choice between human life over chickens by worldly standards of rationality, the culling process continues, albeit slowly. By far 200,000 chickens have been culled (as on 29th Jan’06), while 300,000 chickens will be culled in the next few days. The cost of losing one’s source of livelihood (indemnity) as announced by the State Finance Minister, Asim Dasgupta is a meagre Rs.500 per affected family. While he claims of giving the compensation money on the spot during the culling operation, the B&E team’s findings from a primary source deduce otherwise.
In spite of the world despising the ‘sick’ birds that are relished when in the pink of their health, the heart of their owners reaches out for them, every time it is about killing them in the name of culling.
It was recently that about 45 chickens were found dead in the Nolpur village of Howrah district. “We took the initiative and sent the blood samples for testing,” said Sunil Bagh, a member of the Gram Panchayat in a concerned voice. Three days later, reports confirmed that the chickens were indeed infected with Bird Flu. As a result, the district magistrate arranged for culling within 10 kms radius of Nolpur (that included seven Gram Panchayats). “More than 2,000 chickens have been culled as of 26th January (in the undergoing operation) with an estimated loss of Rs.70,000”, said Mr. Bagh. Amidst the culling of infected birds, while several poultry owners grieved at the loss of money, several like Kiran Naskar who owned close to 300 birds fretted, “My chickens were not even infected, therefore culling of all chickens wasn’t right.” To most, it is about the industry and trade loss, while to many who own the birds as pets, it is like losing a loved one. Thirty-two year old, Shaikh Ludh Rahman, who owned six chickens and four ducks, handed them over, on his own, half-heartedly, to the culling team. So did Younous Mallick who had 12 chickens and repeatedly said, “We weren’t into the business, we loved them.”
Another newly infected area, the historical city of Budge Budge had a relatively different atmosphere. The vibes were more of fear and concern for well-being of the people than trade and business. Forget about, pitying the poor little souls under ‘operation culling’ that are going through the highly contagious bird disease, said to rarely infect humans. The panic at the sudden outbreak of Bird Flu in the area was clearly visible in everybody’s eyes, right from the rickshaw-puller to the gram Panchayat members. To add to the woes, the process of culling the infected birds couldn’t begin in Goborjhuri village where 100 birds were found dead in a single day, since the confirmation reports in this certain case were pending. Anxiety was at peak when the Panchayat Pradhan, Mokhuri Doloi haggled with the authorities and urged them to “Please solve the matter quickly for us”.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
The legendary town of Hamelin infested with rats (sans the rescuer Pied Piper) comes to mind as soon as one hears of the Bird Flu
menace in West Bengal that has engulfed nearly the entire state by infecting 13 districts and 42 blocks with the pestilent H5N1 virus. The city of Kolkata is under siege by the deadly virus. And, before the death knell sounds for the metropolis, government bigwigs in the Writers’ Building have taken all possible actions to circumvent the spread of the virus into the city, such as, banning entry of all the poultry products in the city. The posh Salt Lake City (satellite town of Kolkata) in fact, has not only banned the entry but also sale of chickens & ducks. However, according to a police officer, the fool proof implementation of such a plan is next to impossible. For instance, the Kolkata Municipal Corporation has allowed entry of products from 14 authorised poultry farms.The state has incurred colossal losses worth Rs.500 crores in poultry business and above three lakh people have lost their source of livelihood since the virus was first detected in Margram in Birbhum district 12 days back. Making a choice between human life over chickens by worldly standards of rationality, the culling process continues, albeit slowly. By far 200,000 chickens have been culled (as on 29th Jan’06), while 300,000 chickens will be culled in the next few days. The cost of losing one’s source of livelihood (indemnity) as announced by the State Finance Minister, Asim Dasgupta is a meagre Rs.500 per affected family. While he claims of giving the compensation money on the spot during the culling operation, the B&E team’s findings from a primary source deduce otherwise.
In spite of the world despising the ‘sick’ birds that are relished when in the pink of their health, the heart of their owners reaches out for them, every time it is about killing them in the name of culling.
It was recently that about 45 chickens were found dead in the Nolpur village of Howrah district. “We took the initiative and sent the blood samples for testing,” said Sunil Bagh, a member of the Gram Panchayat in a concerned voice. Three days later, reports confirmed that the chickens were indeed infected with Bird Flu. As a result, the district magistrate arranged for culling within 10 kms radius of Nolpur (that included seven Gram Panchayats). “More than 2,000 chickens have been culled as of 26th January (in the undergoing operation) with an estimated loss of Rs.70,000”, said Mr. Bagh. Amidst the culling of infected birds, while several poultry owners grieved at the loss of money, several like Kiran Naskar who owned close to 300 birds fretted, “My chickens were not even infected, therefore culling of all chickens wasn’t right.” To most, it is about the industry and trade loss, while to many who own the birds as pets, it is like losing a loved one. Thirty-two year old, Shaikh Ludh Rahman, who owned six chickens and four ducks, handed them over, on his own, half-heartedly, to the culling team. So did Younous Mallick who had 12 chickens and repeatedly said, “We weren’t into the business, we loved them.”
Another newly infected area, the historical city of Budge Budge had a relatively different atmosphere. The vibes were more of fear and concern for well-being of the people than trade and business. Forget about, pitying the poor little souls under ‘operation culling’ that are going through the highly contagious bird disease, said to rarely infect humans. The panic at the sudden outbreak of Bird Flu in the area was clearly visible in everybody’s eyes, right from the rickshaw-puller to the gram Panchayat members. To add to the woes, the process of culling the infected birds couldn’t begin in Goborjhuri village where 100 birds were found dead in a single day, since the confirmation reports in this certain case were pending. Anxiety was at peak when the Panchayat Pradhan, Mokhuri Doloi haggled with the authorities and urged them to “Please solve the matter quickly for us”.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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
Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
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
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
Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
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
Saturday, September 20, 2008
Recent liberalisation will boost investments
“Policies were aimed to provide healthy competition, and level-playing field”
In a high growth sector, there is no need to trim staff.
With the sector booming, every one can be accommodated, Union Civil Aviation Minister, Praful Patel, tells B&E’s Ranjit Bhushan in an interview. The minister, who is credited with turning around the civil aviation ministry in his four-year-stint, adds that far-reaching changes are going to be brought in its FDI policy to encourage private investments.
Your tenure has marked a definite turnaround in the prospects of the civil aviation sector. What do you attribute this upturn to?
The aviation sector has evolved over the past few years. The change in mindset in both the public and the private sectors has led to more competition, competitive and affordable fares, and more passengers. The reasons are clear and strong policies of the government have been aimed at providing healthy competition and level playing field to both the public and private players. The government has played a great role as being a facilitator in this sector. Your speech at the US-India Aviation Summit last year was impressive.
What are the gains that you see accruing from the deal? Also, technologically, the US aviation industry is light-years ahead of us. Which are the areas of common interest between the two countries?
The purpose of the US India Aviation Cooperation Programme is to improve coordination of US assistance to the Indian civil aviation industry, including the identification of aviation training and technical assistance meets, communication meets, and improving coordination with the US Government entities including the Federal Aviation Administration (FAA), US Trade and Development Agency (USPDA) and the US Department of Commerce.
The programme will be funded with the assistance of USTDA and would enhance safety, operational efficiency and system capacity of the aviation sector. The Union government has also approved a Memorandum of Agreement with the US in the civil aviation sector, which will provide the framework for seeking assistance of the Federal Aviation Authority in developing civil aviation infrastructure in managerial, operational and technical areas, as and when required.
You talked about attracting FDI, about more US involvement in Indian aviation. Is that going to be a reality?
The Union government on 30 January, 2008 liberalised and enhanced the FDI policy in the civil aviation sector. This is expected to greatly boost investments by not only American, but also other foreign companies in Indian aviation.
The market share of national carriers has gone down with more private competition coming in. And a lot of it has happened during your tenure as the minister. Do you see a situation wherein the national carriers could become minor players in the company of many private operators, big and small? Although the number of passengers carried by the national carriers has increased considerably, registering a growth of almost 25%, the market share has been impacted due to the entry of private airlines, availability of low cost carriers, decline in capacity share, and delay in acquisition of new and latest technology aircraft. However, a number of initiatives have been undertaken like acquisition of new aircraft, merger of Indian and Air India, aggressive marketing and sales initiatives, which has resulted in marked improvements in market share.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
In a high growth sector, there is no need to trim staff.
With the sector booming, every one can be accommodated, Union Civil Aviation Minister, Praful Patel, tells B&E’s Ranjit Bhushan in an interview. The minister, who is credited with turning around the civil aviation ministry in his four-year-stint, adds that far-reaching changes are going to be brought in its FDI policy to encourage private investments.Your tenure has marked a definite turnaround in the prospects of the civil aviation sector. What do you attribute this upturn to?
The aviation sector has evolved over the past few years. The change in mindset in both the public and the private sectors has led to more competition, competitive and affordable fares, and more passengers. The reasons are clear and strong policies of the government have been aimed at providing healthy competition and level playing field to both the public and private players. The government has played a great role as being a facilitator in this sector. Your speech at the US-India Aviation Summit last year was impressive.
What are the gains that you see accruing from the deal? Also, technologically, the US aviation industry is light-years ahead of us. Which are the areas of common interest between the two countries?
The purpose of the US India Aviation Cooperation Programme is to improve coordination of US assistance to the Indian civil aviation industry, including the identification of aviation training and technical assistance meets, communication meets, and improving coordination with the US Government entities including the Federal Aviation Administration (FAA), US Trade and Development Agency (USPDA) and the US Department of Commerce.
The programme will be funded with the assistance of USTDA and would enhance safety, operational efficiency and system capacity of the aviation sector. The Union government has also approved a Memorandum of Agreement with the US in the civil aviation sector, which will provide the framework for seeking assistance of the Federal Aviation Authority in developing civil aviation infrastructure in managerial, operational and technical areas, as and when required.
You talked about attracting FDI, about more US involvement in Indian aviation. Is that going to be a reality?
The Union government on 30 January, 2008 liberalised and enhanced the FDI policy in the civil aviation sector. This is expected to greatly boost investments by not only American, but also other foreign companies in Indian aviation.
The market share of national carriers has gone down with more private competition coming in. And a lot of it has happened during your tenure as the minister. Do you see a situation wherein the national carriers could become minor players in the company of many private operators, big and small? Although the number of passengers carried by the national carriers has increased considerably, registering a growth of almost 25%, the market share has been impacted due to the entry of private airlines, availability of low cost carriers, decline in capacity share, and delay in acquisition of new and latest technology aircraft. However, a number of initiatives have been undertaken like acquisition of new aircraft, merger of Indian and Air India, aggressive marketing and sales initiatives, which has resulted in marked improvements in market share.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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
Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
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
Tuesday, September 02, 2008
Silence – hardly a golden virtue!
Microsoft’s Sync redefines the in-car-entertainment system
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
Top Articles on IIPM:-
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
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
How about talking to you iPod or your mobile phone for that matter? Imagine if you could actually command these gadgets to perform different functions. And what if you could do all that while driving your car?
Well, this might sound like an excerpt from a 2020-based
Sci-Fi movie but this has actually been made possible by Microsoft, which has developed Sync, which is a fully integrated and voice activated in-car-entertainment system, for the Ford motor Company . “Sync offers hands-free phone operation and iPod or any other MP3 player connectivity. It’s built on a software platform that is upgradeable and will allow us to offer new features by simply upgrading the software” says Derrick Kuzak, Group VP, at Ford.
In fact, with Sync, an individual actually gets to master the complete in-car entertainment and communication system. All you need to do is connect your Bluetooth enabled device with Sync and its innovative voice command feature will follow your commands and will enable you to make calls from your mobile, read aloud your text messages and play your favorite music, without disturbing you while driving.
While on one hand, Sync is completely transforming the in-car-entertainment market, which earlier just constituted of a good audio system and may be an additional GPS device, tech companies are already gearing up to the consumer expectations of “seamless connectivity while on drive”. One such product is SIRIUS Travel Link, which will provide people with the required data while they are still driving. “This service from SIRIUS feeds important data right into our vehicles. It is easy to access and always available”, says Jim Buczkowski, Director of Electrical Systems Engineering at Ford.
With the technology companies infusing revolutionary features like Sync and Sirius Travel Link to the dashboards, one thing’s for sure – boring, and silent long drives would soon be deemed a thing of the past.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
Well, this might sound like an excerpt from a 2020-based
Sci-Fi movie but this has actually been made possible by Microsoft, which has developed Sync, which is a fully integrated and voice activated in-car-entertainment system, for the Ford motor Company . “Sync offers hands-free phone operation and iPod or any other MP3 player connectivity. It’s built on a software platform that is upgradeable and will allow us to offer new features by simply upgrading the software” says Derrick Kuzak, Group VP, at Ford.In fact, with Sync, an individual actually gets to master the complete in-car entertainment and communication system. All you need to do is connect your Bluetooth enabled device with Sync and its innovative voice command feature will follow your commands and will enable you to make calls from your mobile, read aloud your text messages and play your favorite music, without disturbing you while driving.
While on one hand, Sync is completely transforming the in-car-entertainment market, which earlier just constituted of a good audio system and may be an additional GPS device, tech companies are already gearing up to the consumer expectations of “seamless connectivity while on drive”. One such product is SIRIUS Travel Link, which will provide people with the required data while they are still driving. “This service from SIRIUS feeds important data right into our vehicles. It is easy to access and always available”, says Jim Buczkowski, Director of Electrical Systems Engineering at Ford.
With the technology companies infusing revolutionary features like Sync and Sirius Travel Link to the dashboards, one thing’s for sure – boring, and silent long drives would soon be deemed a thing of the past.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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
Top Articles on IIPM:-
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
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
Tuesday, August 26, 2008
Taking stock
Are there lessons for all from assassination of Benazir?
The assassination of Benazir Bhutto has been perhaps one of the most tragic incident in recent history. This incident not only has weakened the cause of democracy but has also thrown Pakistan far into a zone of no return. While many have been trying to play down the entire incident as just the continuation of the Pakistani legacy of military coups and assassinations, this episode of the same has put the future of South Asia at a real crossroad. Now that the dust is settling down and things are relatively coming back to normalcy, are there important lessons and observations to be drawn from this tragic happening? Well, to start with, Benazir’s assassination once again brings forth an increasingly menacing trend of this era, i.e. nations are subject to more risk from within, than from outside.
For rest of the world, nothing could have been better than to see the gradual restoration of faith in democracy in hearts and minds of the average Pakistani and releasing him/her steadily from clutches of fundamentalism. It’s some elements within Pakistan, aided by global fundamentalism, which have given a death knell to restoration of democracy in Pakistan. In the same league, for an LTTE, it makes more sense to continue with mayhem than to find reasonable political solutions for the cause of Sri Lanka’s Tamil minorities and thereby putting Sri Lanka at risk more from within than outside.
The same is the case of Bangladesh which through its ascension as well as assertion of fundamentalism is increasingly proving that, once, it was rightly called East Pakistan. Today Bangladesh, and Nepal too has more threats from within than without. A wider scrutiny of Asia at large and even of Europe would vindicate that the same malaise is plaguing them too, be it IRA is UK, ETA in Spain or PKK in Turkey. For the whole of 20th century, nations put more resources to mitigate external threats. And in their quest to securing external boundaries, they literally undermined the problems germinating within. As a result internal security was always considered less of a priority than external security.
The trend is continuing even now with billions of dollars of budget being put to buy weapons for conventional wars whose probability is decreasing by the day while most nations are thoroughly ill-equipped to deal with an omnipresent virtual enemy. India in this case is no exception either. In fact the level of internal distrust that is prevailing in Pakistan is evident from the fact that the Musharraf regime had to involve the Scotland Yard to demonstrate its commitment for a fair investigation.
The other striking observation from the entire Benazir death saga has been the reaction in India. There was perhaps not a single soul in India which was not in grief and which didn’t share solidarity with the beleaguered Pakistan. The wrong-doings of Pakistan in the past didn’t come in the way of expressing shock and shedding tears for someone who, for an average Indian, was a little more than just another politician of a rogue Pakistan. There was an attachment much beyond that. Perhaps the virtual bondage of the umbilical chord cut in a hurry still having its presence felt. And it is perhaps because of this that it is not just a need but a necessity for India to see that Pakistan doesn’t collapse. In that case, when history would be written half a century from now, it would not be Pakistan but India’s brethren that collapsed, would be sculpted in history books.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
The assassination of Benazir Bhutto has been perhaps one of the most tragic incident in recent history. This incident not only has weakened the cause of democracy but has also thrown Pakistan far into a zone of no return. While many have been trying to play down the entire incident as just the continuation of the Pakistani legacy of military coups and assassinations, this episode of the same has put the future of South Asia at a real crossroad. Now that the dust is settling down and things are relatively coming back to normalcy, are there important lessons and observations to be drawn from this tragic happening? Well, to start with, Benazir’s assassination once again brings forth an increasingly menacing trend of this era, i.e. nations are subject to more risk from within, than from outside.
For rest of the world, nothing could have been better than to see the gradual restoration of faith in democracy in hearts and minds of the average Pakistani and releasing him/her steadily from clutches of fundamentalism. It’s some elements within Pakistan, aided by global fundamentalism, which have given a death knell to restoration of democracy in Pakistan. In the same league, for an LTTE, it makes more sense to continue with mayhem than to find reasonable political solutions for the cause of Sri Lanka’s Tamil minorities and thereby putting Sri Lanka at risk more from within than outside.
The same is the case of Bangladesh which through its ascension as well as assertion of fundamentalism is increasingly proving that, once, it was rightly called East Pakistan. Today Bangladesh, and Nepal too has more threats from within than without. A wider scrutiny of Asia at large and even of Europe would vindicate that the same malaise is plaguing them too, be it IRA is UK, ETA in Spain or PKK in Turkey. For the whole of 20th century, nations put more resources to mitigate external threats. And in their quest to securing external boundaries, they literally undermined the problems germinating within. As a result internal security was always considered less of a priority than external security.
The trend is continuing even now with billions of dollars of budget being put to buy weapons for conventional wars whose probability is decreasing by the day while most nations are thoroughly ill-equipped to deal with an omnipresent virtual enemy. India in this case is no exception either. In fact the level of internal distrust that is prevailing in Pakistan is evident from the fact that the Musharraf regime had to involve the Scotland Yard to demonstrate its commitment for a fair investigation.
The other striking observation from the entire Benazir death saga has been the reaction in India. There was perhaps not a single soul in India which was not in grief and which didn’t share solidarity with the beleaguered Pakistan. The wrong-doings of Pakistan in the past didn’t come in the way of expressing shock and shedding tears for someone who, for an average Indian, was a little more than just another politician of a rogue Pakistan. There was an attachment much beyond that. Perhaps the virtual bondage of the umbilical chord cut in a hurry still having its presence felt. And it is perhaps because of this that it is not just a need but a necessity for India to see that Pakistan doesn’t collapse. In that case, when history would be written half a century from now, it would not be Pakistan but India’s brethren that collapsed, would be sculpted in history books.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
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
Monday, August 25, 2008
Apart from consumers
“Whilst we continue to grow, our mantra to hire people with the right kind of attitude and then training them has served us well in building an extensive learning and development proposition to empower our people with the domain knowledge,” reveals Das. The work environment in ICICI Prudential Life is committed to creating a learning environment and a performance driven culture, which is reinforced through effective performance management of the employees.
The first step in the performance management comes in by linking individual performance objectives to business objectives and evaluating the performances consistently. Asserts Das, “We’ve pioneered the frontline capability development through a strong performance management system that has enabled us to provide our employees with an accelerated career path from the very first day.” The HR think tank of the organisation has also put in place a robust career acceleration program that links training & certification of frontline employees and a strong talent management program for employees in middle & senior management cadres to identify their strengths & development areas and then groom them for leadership roles later.
Going by management guru Jack Welch’s prescription, ICICI Prudential Life too strives to provide a high performance meritocratic work environment with differentiated rewards and recognition opportunities for its top talent. Das adds, “As one of the key players in the high growth sector we also use ESOPs as an effective tool in value creation for the middle and senior management, which helps in creating ownership within the organisation”. Most financial companies have been struggling with a nerve-wracking problem called ‘attrition’. To tackle this problem in an effective manner, ICICI Prudential Life has devised an attrition dashboard that helps track attrition for each function and location. Looks like the program has worked, as 80% of the senior management have been with the organisation for over five years now.
For ICICI Prudential Life, the “Jeetey Raho,” philosophy not only works for the consumers but also for its vast workforce. And for this vast employee network, ICICI Prudential Life’s mantra is to ‘stay and grow with us’ and this is what keeps this organisation ticking.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
The first step in the performance management comes in by linking individual performance objectives to business objectives and evaluating the performances consistently. Asserts Das, “We’ve pioneered the frontline capability development through a strong performance management system that has enabled us to provide our employees with an accelerated career path from the very first day.” The HR think tank of the organisation has also put in place a robust career acceleration program that links training & certification of frontline employees and a strong talent management program for employees in middle & senior management cadres to identify their strengths & development areas and then groom them for leadership roles later.
Going by management guru Jack Welch’s prescription, ICICI Prudential Life too strives to provide a high performance meritocratic work environment with differentiated rewards and recognition opportunities for its top talent. Das adds, “As one of the key players in the high growth sector we also use ESOPs as an effective tool in value creation for the middle and senior management, which helps in creating ownership within the organisation”. Most financial companies have been struggling with a nerve-wracking problem called ‘attrition’. To tackle this problem in an effective manner, ICICI Prudential Life has devised an attrition dashboard that helps track attrition for each function and location. Looks like the program has worked, as 80% of the senior management have been with the organisation for over five years now.
For ICICI Prudential Life, the “Jeetey Raho,” philosophy not only works for the consumers but also for its vast workforce. And for this vast employee network, ICICI Prudential Life’s mantra is to ‘stay and grow with us’ and this is what keeps this organisation ticking.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
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
Wednesday, August 13, 2008
Real-estate industry work
So how does the real-estate industry work in SL? As I said earlier, you start with 512 square meters (16 by 32 meters). You could buy more 
from Linden Labs (in real world currency) for an additional fee that they call Tier. This could range from $5 a month up to $295 a month for an entire island which would be 65,536 square meters. You could also pay a one time flat tier of $1,675 instead of a monthly thing. Also, just like the real world, you could book your favourite plot of land for $30 if you don’t have the money and pay later. But interestingly, it does not end there. Just like our housing societies, you need to pay a monthly maintenance charge to Linden Labs. This is calculated on the amount you own. The more land you own, the more you pay. So, based on the current tier system, your starter 512 square meters would cost an additional $5 per month, 65,536 square meters of mainland will cost $195 and an island would cost $295 per month. You could also buy land from another resident or purchase it at a Land Auction. Pretty much like an eBay auction, land auctions are extremely popular in SL. What starts with $40 ends up selling at $2000 at the end of a week. In-world sources say that over 15 million square meters of land has been sold in Q1 2007. If I may draw a real world analogy, we are talking about a property boom very similar to what’s happening in India right now.
And just like the real world, this property phenomenon has created a new breed of virtual real estate moguls in SL. The biggest example is Anshe Chung (Chinese-born language teacher Ailin Graef living near Frankfurt, Germany in the real world) who is the first online individual to become a millionaire from profits earned entirely in a virtual world. Dubbed as the virtual Rockefeller and featured on the cover of Businessweek, She owns 36 square kilometers of land and a few million Linden Dollars in cash not to mention shopping malls, store chains, virtual brands in SL. Liz Bartlett’s Livingston Properties (www.khyri.com/livingstonproperties) sells prefabricated housing in SL for as low as 900 Linden dollars along with agent and building services. And the most interesting one: popular american real estate brokerage firm Coldwell Banker (www.coldwellbanker.com) has set up shop in SL selling and renting its own tracts of land in areas like Ranchero, Crowfoot, Elboya, Gorbash and Scurfield.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
from Linden Labs (in real world currency) for an additional fee that they call Tier. This could range from $5 a month up to $295 a month for an entire island which would be 65,536 square meters. You could also pay a one time flat tier of $1,675 instead of a monthly thing. Also, just like the real world, you could book your favourite plot of land for $30 if you don’t have the money and pay later. But interestingly, it does not end there. Just like our housing societies, you need to pay a monthly maintenance charge to Linden Labs. This is calculated on the amount you own. The more land you own, the more you pay. So, based on the current tier system, your starter 512 square meters would cost an additional $5 per month, 65,536 square meters of mainland will cost $195 and an island would cost $295 per month. You could also buy land from another resident or purchase it at a Land Auction. Pretty much like an eBay auction, land auctions are extremely popular in SL. What starts with $40 ends up selling at $2000 at the end of a week. In-world sources say that over 15 million square meters of land has been sold in Q1 2007. If I may draw a real world analogy, we are talking about a property boom very similar to what’s happening in India right now.And just like the real world, this property phenomenon has created a new breed of virtual real estate moguls in SL. The biggest example is Anshe Chung (Chinese-born language teacher Ailin Graef living near Frankfurt, Germany in the real world) who is the first online individual to become a millionaire from profits earned entirely in a virtual world. Dubbed as the virtual Rockefeller and featured on the cover of Businessweek, She owns 36 square kilometers of land and a few million Linden Dollars in cash not to mention shopping malls, store chains, virtual brands in SL. Liz Bartlett’s Livingston Properties (www.khyri.com/livingstonproperties) sells prefabricated housing in SL for as low as 900 Linden dollars along with agent and building services. And the most interesting one: popular american real estate brokerage firm Coldwell Banker (www.coldwellbanker.com) has set up shop in SL selling and renting its own tracts of land in areas like Ranchero, Crowfoot, Elboya, Gorbash and Scurfield.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
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
Waterhead region
The place I appeared once I logged in for the first time is the Orientation and Help Island. This is where you learn the basics of SL. This is where SL teaches you about Avatars, transport, mouse movements & communication.
The first place I saw after that is called the Welcome area. It is the starting point for all newbie residents in the SL world. Originally, the Welcome area was in Natoma in 2002 which moved to an area called Ritch in 2003. Currently, SL has three welcome areas: the Ahern/Morris region, another in Lime/Plum and a newer one in the Waterhead region. Arriving at the Welcome area can be a bit disconcerting. You will see humans no doubt but also aliens, devils, vampires, furries, animals, insects, robots. You may even see a dragon. Usually there is a Linden or two patrolling the welcome area, available for advice. I learnt the hard way not to accept advice from strangers. Some folks will come and try to sell you strange items. Sell? How am I supposed to buy stuff in a virtual land? Well, this is where I learned that SL has its own currency called Linden dollars (L$). Premium accounts receive a weekly stipend (paid in Linden dollars). That’s one of the special features. And since the real world payment can be tendered in L$, there is an actual currency exchange rate of around L$ 270 to one US dollar. In-world currency exchanges and ATMs allow residents to change real world currencies to L$. It took me some time to come to terms with this fact – a virtual currency that has real value!
Stay in the welcome area for as long as you take to familiarise yourself with this new environment. Only when you decide to set up a home for yourself should you venture out. This brings us to the other special feature of premium membership and of SL itself. Premium membership comes with 512 square meters of land. This is actual virtual land that you own in SL. And this is where the fun begins. You can do anything you want on this land. Using the tools provided in SL, you can build your dream home or build a store to start your business. Build some strange but interesting structure that everyone will come and see. Buy an island and create your tropical paradise, modify the landscape, expand it, maybe build your own continent. And if you lack imagination, you could just sell it to someone willing to buy it from you in Linden dollars – the in-world currency. Why would you want to sell your land? Well, you could buy some more land with it. Or use the money to fund your virtual bookstore. For the last three years, thousands of residents have bought land to build their houses, offices, nightclubs, spas and resorts.
The first place I saw after that is called the Welcome area. It is the starting point for all newbie residents in the SL world. Originally, the Welcome area was in Natoma in 2002 which moved to an area called Ritch in 2003. Currently, SL has three welcome areas: the Ahern/Morris region, another in Lime/Plum and a newer one in the Waterhead region. Arriving at the Welcome area can be a bit disconcerting. You will see humans no doubt but also aliens, devils, vampires, furries, animals, insects, robots. You may even see a dragon. Usually there is a Linden or two patrolling the welcome area, available for advice. I learnt the hard way not to accept advice from strangers. Some folks will come and try to sell you strange items. Sell? How am I supposed to buy stuff in a virtual land? Well, this is where I learned that SL has its own currency called Linden dollars (L$). Premium accounts receive a weekly stipend (paid in Linden dollars). That’s one of the special features. And since the real world payment can be tendered in L$, there is an actual currency exchange rate of around L$ 270 to one US dollar. In-world currency exchanges and ATMs allow residents to change real world currencies to L$. It took me some time to come to terms with this fact – a virtual currency that has real value!Stay in the welcome area for as long as you take to familiarise yourself with this new environment. Only when you decide to set up a home for yourself should you venture out. This brings us to the other special feature of premium membership and of SL itself. Premium membership comes with 512 square meters of land. This is actual virtual land that you own in SL. And this is where the fun begins. You can do anything you want on this land. Using the tools provided in SL, you can build your dream home or build a store to start your business. Build some strange but interesting structure that everyone will come and see. Buy an island and create your tropical paradise, modify the landscape, expand it, maybe build your own continent. And if you lack imagination, you could just sell it to someone willing to buy it from you in Linden dollars – the in-world currency. Why would you want to sell your land? Well, you could buy some more land with it. Or use the money to fund your virtual bookstore. For the last three years, thousands of residents have bought land to build their houses, offices, nightclubs, spas and resorts.
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
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
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
Tuesday, August 12, 2008
What to look for in a fund?
It all depends on your risk appetite and the investment’s raison d’être
While
investing in any mutual fund the most important factor to look for is the investment objective of that particular fund and how well does it tally with an individual investor’s financial g oal. Once the same is established and the fund category is selected the investor should focus on the following key elements:
Pedigree and track record of the fund house promoting the mutual fund. This is extremely critical as it would speak of the discipline culture that is followed while making investment decisions for the fund. Mutual Fund business is not only about managing investor’s money, but it also involves managing trust. Hence parentage and track record of the fund house becomes an important parameter in fund selection.
Secondly, for an already existing fund it is important to look at its long term performance, consistency and sector composition. A fund depicting a volatile performance record is avoidable as it may give astonishing returns under certain market conditions, but can fail miserably under other market conditions, not offering a safe avenue.
For a new fund, detailed understanding of the fund’s investment pattern and focus is critical. Since the new fund does not even have a track record to support it, hence investor must focus on understanding what is it that the mutal fund is offering and does a similar fund already exist in his portfolio or not.
While
investing in any mutual fund the most important factor to look for is the investment objective of that particular fund and how well does it tally with an individual investor’s financial g oal. Once the same is established and the fund category is selected the investor should focus on the following key elements:Pedigree and track record of the fund house promoting the mutual fund. This is extremely critical as it would speak of the discipline culture that is followed while making investment decisions for the fund. Mutual Fund business is not only about managing investor’s money, but it also involves managing trust. Hence parentage and track record of the fund house becomes an important parameter in fund selection.
Secondly, for an already existing fund it is important to look at its long term performance, consistency and sector composition. A fund depicting a volatile performance record is avoidable as it may give astonishing returns under certain market conditions, but can fail miserably under other market conditions, not offering a safe avenue.
For a new fund, detailed understanding of the fund’s investment pattern and focus is critical. Since the new fund does not even have a track record to support it, hence investor must focus on understanding what is it that the mutal fund is offering and does a similar fund already exist in his portfolio or not.
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
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
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
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