Showing posts with label IIPM Admission Detail. Show all posts
Showing posts with label IIPM Admission Detail. Show all posts

Monday, September 10, 2012

Wrong person, Wrong place?

The New CEO is a Software guy and has Prior Experience only in Enterprise Sales – A clear mismatch with the current philosophy of HP – The largest IT company in the World. Is he the right choice?

On a cold Sunday afternoon of February 2009, Leo Apotheker, who had moved into the CEO chamber at the $46 billion technology giant SAP’s Waldorf headquarters barely seven months back, shot across a sorrow-laden email to his employees. It read thus: “The pace of change was probably too rapid. My communication toward you was not always optimal. I regret that I wasn’t able to earn the support of each and every one of you...” So what forced him to wear the cloak of humility? The Board of Directors at SAP had refused to renew his contract following his underperformance. The financials had turned turbid, as SAP recorded the first fall in top & bottomlines in 7 years, which plummeted by 8% to $14.6 billion and 7% to $2.48 billion respectively in FY2009. Other matters disappointed the shareholders further, which included the withdrawl of SAP from the Sun acquisition talk (which Oracle finally bought, killing chances of SAP becoming invulnerable), the failure to get on board 10,000 customers for his expensive service software project Business By Design by 2010 (which never saw the light of the day during his tenure), his inability to get SAP’s products in-line with the changing trends in enterprise software, et al. His fate was sealed.

But just as surprised as the world was when he was offloaded by SAP’s Board even as his 75 minute-long debut CEO keynote at Orlando was being forgotten, the $98 billion tech-giant Hewlett-Packard proved yet again (after Hurd’s unceremonious exit on August 6, 2010) why it is good at making news. Apotheker had just been announced the scandal-marred HP’s new blue-eyed boy. As for the shareholders, their grief was visible as the HP stock fell by 4.32% on the first trading day following this announcement on September 30, 2010 – wiping away $4.2 billion of value. Rick Sturm, CEO, Enterprise Management Associates (EMA), while speaking to B&E from Colorado, says, “Investors have indicated that they doubt Apotheker’s ability to lead HP. This choice by the HP board is likely to end up being seen as an unbelievable act of stupidity.”

Of what can be observed from Apotheker’s past, seems unsettling. In recent times, HP has been plagued by unethical issues leading to high-profile exits. With Apotheker, it appears that this corporate legacy will live on. The German is currently involved in a courtroom dust-fight, where Ellison-led Oracle is claiming more than $2 billion in damages from SAP. Oracle claims that Apotheker was at the centre of an illicit activity four years back, which saw workers at SAP’s TomorrowNow subsidiary steal copies of Oracle’s maintenance services software. HP’s honour will therefore again receive some clubbing on November 1, 2010 – officially Apotheker’s first day as HP’s CEO – when he presents himself before court to defend SAP’s case, as Massachusetts-based Charles King, President, Mindspring Research tells B&E, “Apotheker could leave HP with eggs on its face. Oracle never bothered listing Apotheker as a witness for its trial with SAP.” What a way to kickstart your tenure as HP’s CEO!


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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Tuesday, September 04, 2012

The old Indian rope trick... Mastered!

Better late than later, IDBI Bank has finally understood the power of numbers – or rather, of Indian masses. With their renewed focus towards retail banking, the bank seems to be re-mastering age-old strategies… and quite efficiently. B&E does a snapshot insider of what’s up! by Mona Mehta

Firstly, one has to accept IDBI was never one of the early birds. What till the late 90s was simply the metaphor for a huge building in an area called Scope Complex in New Delhi, has today metamorphosed and managed to carve a niche for itself in the Indian banking arena by surviving the cut-throat competition. Today, when all public sector banks have risen to the challenge – put forward by the private and the foreign banks – to meet the global benchmarks in terms of service quality and product innovation, IDBI Bank has emerged on its own way as a trendsetter despite not being one of the big daddies of the industry. A quick strategic review was of the order; and yes, we did it pronto!

Galloping Ahead
If one were to simply go by numbers, IDBI Bank seems certainly set for a real show. Beating even the best of the forecasts, the bank registered a mind-boggling 97.9% growth in its operating profit in the last fiscal. Net interest income of the bank too grew to `22.67 billion in 2009-10 as compared to `12.39 billion in the previous year, translating into a growth of 82.9%. IDBI Bank’s operations during the first quarter ended June, 2010 resulted in a net interest income of `8.51 billion, registering an extraordinary 172% growth over the `3.15 billion posted by the company in the same quarter of the previous financial year. Interestingly, this happened during a period when most of the Indian banking giants were still recovering from the slowdown blues.

Going deeper, while IDBI Bank’s net profit grew 46% (on year-on-year basis), fee based income increased by 53%, deposits grew 36%, advances grew 38%, aggregate assets rose 29% and the total business of the bank registered a growth of 37%. Analysts from firms like Jainam Research tell B&E how given specific fundamental performance factors, the bank’s bottomline is set for some serious growth in the coming quarters.

The Trick… The Old Indian Rope Trick
So how’d they do it? Well, it’s just by a little change in focus; or rather, going back to the focus that should have been originally there. We term it IDBI Bank’s ‘middle of the pyramid’ theory. IDBI Bank, which used to be highly focussed on the corporate sector generating 70% of its total business from the same, finally did one of their most transformational strategic focus changes to decide to give its retail business an equal importance – not only in terms of products, but marketing and investments too. The aggression comes quite clear, when B&E talked to R. M. Malla, c, IDBI Bank, “We have charted out new plans to enhance the bank’s branch network, which will help the bank expand its retail business. For the purpose, IDBI Bank plans to set up between 1,500 to 3,000 branches, 4,000 to 5,000 ATMs and 100,000 point of sale (PoS) machines with shopkeepers, in the next three years.” That translates into mammoth investments. Tactically, at ground level too, the bank has already started attempting a more consumer friendly face – and it’s not just about its advertisement. For example, to attract more retail business and achieve their goal of lowering cost of deposits, IDBI Bank has gone a step ahead of its competitors by waiving charges on many of its current account and savings account (CASA) services including account closure, ATM Interchange, demand draft cancellation et al (although industry players like Pankaj Pandey, Head – Research, ICICI Direct, while talking to B&E, warn that such a waiver of charges by IDBI Bank on the CASA account will drag down the fee based growth of the bank).


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Friday, August 31, 2012

FOUR DIMENSIONS OF PROFIT-MAKING!

Competition today has forced organisations to overlook the importance of values, ethics, credible leadership and corporate governance. they simply hinge their hopes on luck. wrong. Dr. Jamshed Jiji Irani, Director of Tata Sons and Chairman of the Board of Governors, IIM-Lucknow, writes about those elements, which if considered first, would result in fair profits.

From the dawn of civilisation, societies and cultures have been impacted by a numerically minute group of men and women who, because of their vision and their willpower, have swayed and changed the course of history; and they have significantly impacted the lives of their fellow human beings. Such persons have not just happened, they have been trained to grasp their moment of history. They have lived by the adage – “God give me the strength to change what I can, the humility to accept what I cannot and the wisdom to differentiate between the two”.

Profit is about “Values”
The one common thread that joins all successful leaders, is that they have seized the opportunity that came their way. Some say that to be successful, you must be lucky. In my opinion, there is no luck involved in building a successful career or a happy family life. I would rather say that good luck comes as a result of “preparation” meeting “opportunity”. Another very important subject is of “values”. In some quarters, particularly amongst young executives, “values” are looked upon as old fashioned and, may be even considered as being out of sync with the demands of the current competitive scenario. But let me assure you that it is not so.

Today, society is once again recognising the merits of value-based decisions. Please be assured that society is demanding that businesses get cleaned up; and this movement is going to accelerate in the future. I would like to quote J. R. D. Tata here: “No success or achievement in material terms is worthwhile, unless it serves the needs or interests of the country and its people and is achieved by fair and honest means.”

Profit is about “Ethics in Business”
What is Ethics in Business? It devolves into playing the game of business according to rules, even if your competitor does not. Some critics might argue that in the prevalent environment, this philosophy would not be acceptable, as “ethics” might result in a disadvantageous situation in the business arena. But, being “ethical” does not mean that one cannot also be “profitable”. It is most important to make profits and to generate wealth; because only then can one have the resources to do good in the community. That differentiates between ‘good’ and bad’ business practices, and decides what happens to the wealth after it has been generated. I would once again like to quote J. R. D. Tata here. He said, “Every company has a special continuing responsibility towards the people of the area in which it is located and in which its employees and their families live. In every city, town or village, large or small, there is always a need for improvement, for help, for relief, for leadership and for guidance.

I suggest that the most significant contribution that an organised industry can make is to identify itself with the lives and problems of the people of the community, to which it belongs and by applying its resource, skills and talents, to the extent that it can reasonably spare them to serve and help them.”



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Friday, August 24, 2012

Soaring popularity meter

In a recent exercise by Twitter authorities to ascertain personalities with maximum number of followers on the website, Genelia D’souza featured in the top 20, beating several celebrities from various walks of life. Though a curious feat, she is very happy about it and wishes to thank all responsible for it! Considering that Twitter is seen as a popularity barometer these days, our hearty congratulations to Genelia!


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Tuesday, August 21, 2012

Touch me not!

From healing touch to heeling touch… Women have an incredibly wider spectrum of influence than one could have ever anticipated!!

Have you men ever walked into a shop and felt incapacitated as a negotiator, and had to deal with the brunt of a raw deal that may have burnt a hole in your pocket? Isn’t it true that our female counterparts have an edge when it comes to negotiations and bargaining? Not only that; it has been observed that men accompanied by women folk may also feel much more confident and far more secure while closing deals or simply venturing out. A recent study in New York shows that the reassurance of a woman’s touch can influence decisions made by men. It finally stands to logic why women always get their way and it won’t be a surprise if another study showed that women are in fact always aware of the fact that men feel empowered when they are around! Now, the million dollar question that remains is why are they still given the tag of the ‘weaker sex’?

Women sure have accomplished almost everything that was earlier considered a man’s forte. And in some cases they have achieved even greater feats. Be it personal chores or strategising in a corporate forum, women are omnipresent. Although, some chauvinists and uninitiated introverts donning the garb of shyness, moving further into their cocoons (read wimps) might beg to differ and still vouch for male bosses and colleagues, just so the equations remains ‘simple’. It is a known fact that men would score way lesser than women as far as emotional quotient is concerned. This largely fuels the debate that claims women are better managers, because women colleagues and bosses have greater people management skills, and empathy tops the charts on their priority lists. One might have noticed that while being served in any of the airlines where air hostesses as well as flight stewards are on duty, a passenger might get agitated if a male steward falters, but a reassuring smile from the hostess pacifies even the most irate guest.


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Saturday, August 11, 2012

JW Marriott Hotel, Quito (Ecuador)

Make each moment you spend at Quito even more special, with your stay at the JW Marriott, which offers amenities as beautiful as the vitality and charm of the city. Get the perfect holiday tan in the hotel’s tropical gardens... Zumay gym and Spa promise a whole new experience of tranquillity and total wellness. Indulge in some of the finest cuisines at the hotel’s restaurant or splash into the resort style pool. The hotel offers recreational activities like golf, biking, table tennis and volley ball. With all this and more, no wonder the hotel has been ranked as the numero uno in Ecuador by Frommers and Tripadvisor.

The view: Situated in the heart of the city, from the hotel terrace, one is greeted with a panoramic view of the entire city. Each room of the hotel offers a spectacular view of the mountain peaks and the famous Cotopaxi Volcano.

Archi Type: The hotel welcomes one with a huge atrium lobby, which is the hotel’s hallmark. The rooms have heavy wooden doors and are decked with wooden furniture and pastel-coloured spreads, a combination that never ceases to impress.

Bon apétit: Luxurious living and fine dining find common ground as one indulges in the delicacies at the hotels restaurants. The various in-house restaurants serve innovative Ecuadorian, Peruvian, Mediterranean, Japanese and international cuisines.

Around the corner: Thanks to its centralised location, the hotel offers a perfect base for visitors to explore the rich heritage of the colonial city. The hotel is located just a short walk away from the old city of Quito, and the famous craft market Otavalo is only a two-hour drive from the hotel.

Under the carpet: Language creates a barrier while communicating with some of the hotel staff. The suites are thin-walled and noises from the adjoining rooms can be a bit of a bother.

Read more.....

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Tuesday, July 24, 2012

Clear The Waterways first, Can You?

A number of Industries are Blamed for their Contribution to Global Warming, but as Statistics Reveal, The Shipping Industry beats The Rest, and Requires Special Regulations

Unfortunately, ‘long term’ is a set of words that people use in a lot of instances, but rarely do they understand their relevance or importance. Unfortunately, as far as caring for environment is concerned, a lot has to do with ‘long term’ impact, which does explain why it remains relatively low on priority for global businesses, governments & people alike. Innumerable measures have been taken; but risks remain alarmingly high. A major factor that people are ignoring is shipping, the greatest source of environmental pollution. And the dangers are visible here and now.

Shipping is responsible for 3-5% of climate change emissions worldwide and contributes around 900 million tonnes of carbon annually. Total emissions are comparable to some major national economies. One big container ship can emit almost the same amount of cancer and asthma-causing chemicals as 50 million cars. The total emissions of 15 large cargo ships are equivalent to the emissions of all cars together in the world! International Maritime Organization (IMO) estimates that if things go as they are, shipping’s contribution to greenhouse emissions could reach 18% by 2050. From 1990 to 2007, emissions of basic pollutants (NOx, SO2,  PM &CO2) from shipping have nearly doubled to 1096 million tons.

About 60,000 humans die by particulate matter (PM) emissions from shipping; this costs over $330 billion annually to the world economy. In one example, it was estimated that shipping emissions cost the Danish government some £5 billion annually. Around 33% of total deaths are occurring in Europe and around 25% in each of East Asia and South Asia. For example, over 700 premature deaths take place in the Los Angeles port area annually. Low-grade ship bunker fuel has 2,000 times more sulphur content than diesel fuel used in US and European automobiles. There are over 90,000 cargo ships worldwide and they burn over 300 million tonnes of bunker fuel every year. Researches show that a passenger cruise can generate about 210,000 gallons of black water, 1,000,000 gallons of gray water, 37,000 gallons of oily bilge water and more than eight tonnes of solid waste in a week. As a consequence, over one in ten children suffer from asthma in major port cities. Unfortunately, the recent meeting of the IMO, where plans for implementing measures such as emissions trading schemes, remained deadlocked due to the very familiar debate between developed and developing countries, wherein the latter are reluctant to compromise on their growth.


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Friday, July 20, 2012

Current Surge in Global crude Oil Prices

 The Current Surge in Global crude Oil Prices puts forth two basic Questions – what are The Underlying causes and what’s The Worst we can expect. While The Most Pessimistic Projections may prove untrue, The World is Indeed staring in The Face of another crude shock that could derail Global Recovery 

In a communiqué to B&E, credit rating firm Crisil states, “In a year when the world expects its dependence on OPEC oil supply to increase, concerns over a wider disruption of supplies from OPEC countries will fuel further oil price increase.” The dependence on OPEC stems from the fact that global oil consumption will grow by an annual average of 1.5 million barrels per day through 2012, while the growth in supply from non-OPEC countries averages less than 0.1 million barrels per day each year. At this juncture, it is important to understand the fact that in the present scenario, OPEC does have substantial spare productive capacity (approximately 5.2 million barrels per day – Saudi Arabia’s contribution being pegged at 3.2 million barrels per day), which can be used to replace reduced output in Libya or any other country in the midst of the uprising. The only viable reason for the surge in crude oil price is purely based on perception that the political upheaval could eventually spread to major oil producing countries including Saudi Arabia (in fact, a Wiki Leaks covered in The Guardian recently claimed that even Saudi reserves are overestimated). Indeed, that is not entirely a remote possibility, considering that there is a simmering discontent with the monarchy there as well.

Rachel Ziemba, an analyst with Roubini Global Economics, gives another reason why the risks to price seem to be tilted to the upside in the near term. Rachel put the onus on the fact that oil companies are putting on hold their current operations and explorations in Libya, “fearing political risks, and sabotage of energy infrastructure.” Further escalation would probably lead to decades of underinvestment, which eventually will increase future supply risks. It is worth pondering over the fact that unlike in 2008, when the spike in oil prices was primarily because of booming demand and speculative frenzy, the $150+ oil price today stems from a potentially major supply shock. Analysts like Kent Moors of Money Morning feel that the Middle East crisis represents an unsettling reality and the recent oil price march is just the beginning.

But is the new magic figure going to be $220 per barrel? Although it is not clear as to how long the impasse will continue, global oil reserves and actions taken up by OPEC members have ensured that prices come down. The estimates of prices reaching $220 a barrel or more are purely based on a simplistic assumption that both Libya and Algeria would halt their production – which is an unlikely scenario so far. Yet, even this dose of optimism doesn’t discount the importance of bringing stability to the MENA region. Thanks to its underground resources, the region is just too critical to be left to fend for itself.



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Thursday, July 01, 2010

Early 2009 was a watershed of sorts for India’s ad-land. Over the last few months, six honchos of leading agencies

– JWT, Leo Burnett, DDB Mudra and Grey – had quit their cushy jobs and dived into their respective entrepreneurial journeys to stake their claims to fame. many scoffed, some sniggered and a few even laughed-out-loud. But no one’s laughing now. the renegades, with their nimbler set-ups have snatched away some big clients from their muscled counterparts and are dreaming of more... new paradigms are being set in India’s ad-world. Catch them first with 4ps B&M’s Surbhi Chawla & Neha Saraiya...

Having meandered through life, trying to sell everything – from Carrier ACs to his soul – Calcutta-born and bred Malayalee Brijesh Jacob decided to settle for a career in advertising. The pay wasn’t good, but he took the decision more to escape Calcutta’s merciless heat, which any ‘selling’ job invariably involved. Jacob was lucky. A few years later – during which he ran through many agencies, a Mass Comm. diploma and a shift to Mumbai – Jacob landed the top creative job at Grey Worldwide. For most, it would have been a time to rejoice, let their hair down and lose themselves in the bliss of a cushy life! Not for Jacob. He gave up his snug job in August last year with the intent to start his own restaurant chain. But life had other plans. It January 2009, Brijesh met Deepak Nair and Vinod Moolacherry and now partners with them in not one but two ad agencies of their own – 22 Feet (digital agency) and White Canvas (full-service agency). While the foundations for White Canvas were laid three years ago, 22 Feet is the new infant in his arms. “We felt that there was no ‘creative’ online agency in India, at least one that went beyond virals,” shares Jacob.

Jagdish Acharya is another advertising stalwart who recently embarked on his entrepreneurial journey, leaving a 15-year stint as creative head at Mudra DDB. Although he launched his agency in January this year, the groundwork started sometime ago. K. D. Singh, Chairman, Alchemist Group, had invited him for a ‘friendly’ second opinion on the creative strategy for his brand, Republic of Chicken. “At the meeting I was intensely speaking my mind and suddenly he said ‘why don’t you start your own agency. Take my account for starter and I need the New Year campaign coming from you,” says Acharya. That was end-November. The next thing Acharya knew was launching that agency and bagging Republic of Chicken as his first account. His small outfit has no office. The team is encouraged to work from home whenever they are at their creative peak. A virtual office, he feels, cuts out the formality and hence the name Cut The Crap for his agency.

Unlike Brijesh and Jagdish, not everyone goes for a swim without testing waters first. And that’s was Sukumar Menon’s approach when he floated Black Swan. He first thought of his own independent agency in January 2008, but he simply let it drift. “I was uncomfortable about leaving my comfort zone. There comes a stage in most careers where people either buy into the system or develop a new belief system. Though I was sure that I didn’t want to choose the former, it was difficult to cut the umbilical chord,” he explains. Then one day, Sukumar got an offer from an old friend, and that’s when he made up his mind to go on his own.

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: An intriguing story of growth and envy
IIPM enters into media education
IIPM makes record 10,000 placements in five years
Prof Arindam Chaudhuri of IIPM on MF HUSAIN‎

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

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