In fact, diversified companies like Max India and Mahindra & Mahindra on an average saw increases ranging from 350% to an amazing 425% respectively. At the same time, core companies like Ranbaxy, Polaris and SAIL were languishing at sub 68% levels. A comparison was also drawn between Indian and American companies for the same time period and a startling fact was unearthed. Even on the New York Stock Exchange, the biggest value destroyers in the previous two year history of corporate America have been none other than those who have focused solely on core competence. Surprisingly, The shareholders’ value destroyers list includes some of the Fortune 500 companies like Viacom, Merck, Coca Cola, Colgate-Palmolive, SBC Communication, Time AOL Warner, Lockheed Martin, Eli Lilly; the list just goes on.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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