Wednesday, August 27, 2008

Replicate this

Technology can help austism
A recent research in the West has revealed that video modelling and other computer/digital technologies with multimedia features can go a long way to help children with autism (and other disabilities) to learn and communicate better. These computerised technologies would help them communicate with other fellow children. Even these technologies can be a great aid to children having sensitive eyesight or speech problems.

Taking hint from the success of its first-of-its-kind experimental workshop, that used computers to help kids with autism, in Dehradun, few doctors conducted a training workshop in Bengalooru. Studies show that there are an estimated 1.7 million autistic persons in the country. Nevertheless, the disorder is not rare; primarily most of autistic people in India have not been diagnosed and thus do not actually have an idea of the problem. There is a tremendous lack of awareness and misunderstanding about autism even among medical professionals. Sadly, there are not enough services to cater to the needs of retarded children, leave alone the autistic cases. Also, the rigidity and pressure of schools in India can make it difficult for an autistic child to cope, without special facilitation.

There is an urgent need to educate parents about the Equal Opportunities, Protection of Rights and Full Participation Act, 1995. It’s time for schools, NGOs and other social development bodies to learn from these small group of doctors of Dehradun and replicate similar workshops in other parts of India.

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IIPM Editorial, 2008

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

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Tuesday, August 26, 2008

A little lapse has led to a complete collapse!

Persistent rate cuts to save some institutions will weaken the economic system

To the US dollar ‘perma-bulls’ – who having been totally wrong for the last six years but now find new ammunition in the shrinking current account deficit to support their dollar bull case – I also need to point out that there were periods – such as between 1985 and 1991 – during which the dollar tanked while at the same time the current account deficit shrank! This leads me to another point about the world of investments. To make generalisations about what happens to markets, when certain events like wars, favourable earnings announcements, tax and interest rate cuts etc. occur, is dangerous because it all depends on where markets stood before these events happened. The reason why the dollar fell after 1985 despite an improvement in the current account deficit was that it had rallied between 1980 and 1985 and that, in 1985, the dollar had become significantly over-valued against major foreign currencies. This is now certainly not the case since the dollar has declined for six years against the Euro, but what I am driving at is that the investment community still believes that the Fed, by cutting interest rates, can support the housing and stock market. But, as Jeremy Grantham of GMO pointed out, median US home prices compared to median incomes rose between 1998 and 2006 so much above the trend that prices could continue to decline even as the Federal Reserve cuts interest rates.

Also to consider is that unless the Fed buys up mortgages and CDOs it has little control about the pricing of non-government debt (I also doubt that it has much control over the pricing of long term government debt). So, the Fed can cut interest rates, but if credit spreads are widening – as is now the case – rate cuts bring little relief to asset markets and specifically to the housing market because spreads on mortgages are widening. Concerning the Fed and the government buying up mortgages, another point should be considered. When the subprime mess emerged in July, Senator Charles Schumer initially responded to his Wall Street campaign contributors by arguing for rate cuts and for Fannie Mae and Freddie Mac to expand their balance sheets in order to bail out the Street.

But recently Senator Schumer seems to have changed his stance by urging regulators to examine potential risks posed by a sharp increase in lending by the Federal Home Loan Bank of Atlanta to Countrywide Financial Corp., the nations largest mortgage lender. Schumer: “I am concerned that the loans being pledged by Countrywide to secure these advances (borrowings) may pose a risk to the safety and soundness of the FHLB system as a whole” (maybe some shortsellers are also supporting him…).

In essence, what I wish to express is simply that bailing out some rotten financial institutions (I guess all of them are) with monetary measures is far from certain to succeed and - most importantly – such bailouts may lead down the road to a total collapse of the economic system.

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IIPM Editorial, 2008

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

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Monday, August 25, 2008

Trade begins to unite old rivals

China & Japan come closer to leave their ugly history behind
Trade, they say is a great leveller; it makes people forgive & forget. And nothing proves this better than the coming together of the two arch enemies, China & Japan. The two recently concluded a series of meeting to enhance trade cooperation & agreed to disagree on the contentious issue of exploitation of a gasfield in East China Sea region. The two countries have finally agreed to get into a second dialogue by the end of 2008 & agreed to create mechanisms, which would lead towards the creation of free-trade zone. The negotiations had become imperative after a sudden souring of economic relations between the two. While China had remained the leading investors in Japan, Japanese investments in China had fallen by almost 30% ($4.6 billion) last year. The twin reasons, which the Japanese business says for low interest in China were: Protectionist attitude of the Chinese & the highly undervalued Yuan. The ties between the two neighbours will improve in the days to come; the trade will also grow at good pace in the years to come,” Shimpei Ara, a bureaucrat with the Japanese Commerce Ministry told B&E. One only hopes that old rivals will eventually put the past behind them and help Asia prosper.

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IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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Saturday, August 23, 2008

Reccuring low

High cost of transacting trade

After low rank of 48th in Global Competitiveness Index (GCI) and pathetic rank of 120th in ease of doing business, India again maintained its image of being difficult place for engaging in trade and business… India is again ranked very high in terms of share of transaction cost in doing business, in overall costs. India was placed at 11th spot, just behind Chile & China. Moreover, the average cost of executing a trade in India is estimated to be about 51 basis points (bps). As per data available from Elkins/McSherry, a New York-based global financial consultant, Venezuela was given the first slot, thus making it the most expensive market in the world. In case of India, average commission (or brokerage) was estimated to be about 30 bps which is considered very high when compared with emerging economies like China (22), Brazil (24), Korea (25) and Russia (15). India ranks nowhere compared to Brazil, Russia & China (BRIC nations). These continuous low rankings in various economic forums will not only degrade India’s image, globally, but will also de-motivate budding entrepreneurs from entering India.

These low rankings can be hurdle in the path of India economic progress. Reduction in brokerage charges can result in better ranking and make it easier for business to operate. Cost of transaction has direct bearing on trading volumes, volatility and competition and Indian investors are reeling under heavy STT rates and stamp duties. Its time for India to act... and act urgently...

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IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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ZEE BUSINESS BEST B SCHOOL SURVEY
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Friday, August 22, 2008

Spectrum allocation

At the same time, the GSM players have been playing their own retaliatory cards, demanding that the government increase the spectrum allocation to each GSM player from the existing 6.2 Mhz. This is vehemently being opposed by CDMA players like Tata Teleservices and R-Com, under the argument that such a move would go against the set norms. Critically, Anil Ambani has even written to the Prime Minister’s Office on this issue criticizing GSM players, thus vitiating the erstwhile industry ‘friendship’ to newer depths.

Clearly, competition in this industry is being fought in two different spaces – within the policy board rooms and of course, within the markets. While R-Com has proven its competence within the customer space, quite sadly, it is definitely the policy lobbying strength/weakness that could make or break the future of this belligerent company, and in fact even the others. It is extremely ironic that the future growth of this sector is being influenced (read, strangulated) by government officials and bureaucrats rather than market forces. But Anil Ambani has been there and done that many times in the past. And one believes that at least right now, with the new GSM licenses, he isn’t complaining... not for the near future at least. Anil is surely one of the strongest faces of the India of today that one could have showcased, and like we mentioned before, he’s just afraid of one competitor...his own corporation... R-Com!

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IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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ZEE BUSINESS BEST B SCHOOL SURVEY
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Thursday, August 21, 2008

Europe's Largest car maker

What Maruti also needs to do is to straddle across segments with its models. Priced between Rs.3.39 lakhs and Rs.5 lakhs, the Hyundai i10 caters to a variety of customers. Maruti has never adopted this strategy even though it has the capability to do so. Its best-selling, Alto, came in two versions and one of them was discontinued; even Zen and Wagon R come in no more than three variants.

Right now, Maruti seems to be into the same problem which Europe’s largest car maker, Volkswagen, got into, when it launched the Phoeton luxury sedan (based on the Audi A8). It was perceived to be a wrong move for a company that was synonymous with mass models like Golf and Jeta. In fact, Volkswagen literally translates into ‘the people’s car’ in German. Therefore, VW’s objective to establish itself as a company that was technologically capable of slugging it out in the luxury segment did not succeed. What it did was to retain several brand platforms – each catering to different consumer segments.

Explains Dhawan, “The problem which Maruti faces can be solved easily. It should have diversified brand platforms, which can be anonymous to Maruti Suzuki. It can be a strategy similar to the manner in which Toyota sells Lexus in developed markets, while being disassociated with the brand.”

But there’s an area where Maruti is miles ahead of competition – after-sales service. This may prove to be the deciding factor. Vaidya feels that “the transition from ‘products’ to ‘brands’ has been completed in India. “The intangible offerings have gained as much importance as tangible product features. Monitoring customer satisfaction periodically is also very critical. It should be ‘customer care’ rather than mere after-sales service. Raison-de-entrée of this function should be customer delight,” he wrote. Not surprising, therefore, that most analysts have a ‘buy’ on Maruti stock. “I think the prospective price hike and future product mix will increase its margins, and profitability will also be better,” says Rishabh Bagaria, Analyst, Pinc Research. And while Khattar has given the company a new growth path, Suzuki’s Takanishi needs to radically change the way its management works, thinks and acts. Can he shift the company into the seventh gear?

we may consider more diesel models

B&E: Maruti is trying to enter higher segments lately. Will the company add more luxury models?
RCB: As the market grows and the purchasing power of the consumer rises, we have always added bigger cars to our portfolio. When we started out, we came with the 800, but as the market evolved we got the 1L 1000 and then we came with the 1.3L Esteem.

B&E: Is Maruti’s mass market image affecting its brand appeal?
RCB: Partly, but now since the SX4 has done so well, it is clear that the perception is changing. Now, higher segment consumers have started looking at Maruti as well.

B&E: But the Baleno was not so successful in the higher segment.
RCB: It will be wrong to term Baleno as unsuccessful. It was a well engineered, quality car. Though it may not have done volumes, it still has a number of satisfied customers, including me.

B&E: What is Maruti’s future strategy?
RCB: Maruti’s fundamental strategy revolves around small cars. However, it is still too early to comment further (read: until Tata Motors launched its Rs.1 lakh car).

B&E: The competition is playing a catch-up game. Is Maruti threatened? What’s your diesel strategy?
RCB: Barely, as we still hold the overall majority share in the four-wheeler sector. We have diesel models in our portfolio, like the one which comes with the Swift. Since we have our own manufacturing plant now, we may consider including more diesels.

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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
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IIPM in Financial times (Print Version)
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IIPM makes business education truly global-Education-The Times of ...
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Wednesday, August 20, 2008

The notorious victor rises forth

Kosovo elects leader of an ex-guerilla outfit, hoping for independence

As time progresses, it is becoming abundantly clear that the international community can no longer afford to vacillate over the fate of Kosovo (the predominantly ethnic Albanian former province of Serbia, currently under the UN rule & NATO protection since 1999). The recently announced elections results coming from Kosovo – the victory of Hashim Thaci’s, pro-independence, Democratic Party (PDK) clearly point that the idea of independence is fast moving from being probable to imminently sure.

The PDK party, born out of the remains of a rebel outfit Kosovo Liberation Army (KLA), had launched an armed rebellion in 1998, leading to disruption of peace in the war-torn Serbia. Now that the PDK has secured more than 35% of the popular vote, the mood in the party camp is jubilant & expectant. The leader of the winning party, Hashim Thaci has proudly announced, “With our victory today begins the new century. We showed that Kosovo is ready to move forward towards freedom and independence.” The cause of worry is that the PDK has vowed to declare independence by 10th December this year. A deadline, which is difficult to achieve because of the ongoing negotiations in the United Nations on the future of Kosovo & of course, the hard stance adopted by both Serbia & Russia on the question of freeing Kosovo. The problem gets accentuated by the fact that only half the electorate of some 1.5 million participated in the elections (The 120,000-strong Serb minority, boycotted the elections), which have catapulted Hashim Thaci to new political heights.

As things stand today, one can hardly be sanguine about the future of Kosovo, in fact, the chances of bloodbath between Albanians & Serbians is only increasing with every passing day. Kosovo is caught in the vicious global political game between big players .
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IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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ZEE BUSINESS BEST B SCHOOL SURVEY
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Tuesday, August 19, 2008

Frustrated king frustrates Chavez

The king should have shown restraint in dealing with a head of state

The kings & queens across the EU were once considered to be endowed with divine powers. Centuries have gone by since the “divinity” was taken off the European kings. Was the Spanish King, Juan Carlos, too nostalgic at Ibero-American Summit, not to realise his own limits? When Venezuelan President Chavez interrupted Spanish premier Zapatero & called former Spanish premier Jose Maria Aznar a “fascist”, the king lost his temper retorted, “Why don’t you shut up?”

The king’s breach of diplomatic protocol has stirred up a Hornet’s Nest as many European leaders & intellectuals tried to turn the blame on Chavez. For them, Chavez is the one who creates problems at every international summit because of his outburst against the Westerners. “It is now widely assumed that, when President Chavez appears at international summits, there will be some high profile dispute. The only thing unusual about the Ibero-American Summit in Santiago is that it involved the Spanish king, who is normally above politics. The king’s comments were well received in Spain.” Victor Bulmer-Thomas, Associate Fellow at Chatham House, told B&E. “Chavez is certain to pursue his claim that the Spanish king was aware of the coup against him & supported his overthrow. This will not help the bi-lateral relationship either,” Victor added. King Carlos left the summit venue when Nicaraguan President Daniel Ortega also joined Chavez to hit out at privatisation and Spanish business sector. Would this incident affect the relationship between Spain and Latin America? We will have to wait and see.
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IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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ZEE BUSINESS BEST B SCHOOL SURVEY
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Monday, August 18, 2008

No Sensex for death counts...

Not just Sensex, sensitivity needs to rise too
The irony of two kinds happened just around the same period - Sensex crossing 19,000 mark and India being ranked 94th in the Global Hunger Index (GHI). However, the GHI news was overshadowed by pomp and show of Sensex’s achievement. Most of the leaders and the media were found talking and analysing the Sensex performance but hardly anyone came up to talk on our fall in GHI index. No leader, rather no polity, even tried to initiate any discussion or debate on this falling score at national forum.India was also listed as the leading nation in women deaths (about 1.17 lakhs) during childbirth. When one takes a closer look at these rankings and compares it with other developing nations, it would be quite evident that even the performance of countries like Ethiopia and Nepal is far better than that of India. Even those countries who don’t boast of 9% growth rate have better ranking. Countries like Pakistan, China and almost all South Asian counterparts, except Bangladesh, display a better performance. The maternal mortality rate of India is equal to the mortality of Nigeria, Afghanistan & Congo taken together. Interestingly, if we only consider the HDI (Human Development Index) of the poorest, then India would be ranked among the worst 25 countries of the world. That Sensex is rising and that its increasing nation’s wealth, is indeed something to be cheerful about. But the unfortunate part of it is that even 16 years after the opening up of the economy, the benefits of the liberalised economy is yet to permeate down to the level of the poorer version of India.

If indeed Sensex has to be made more inclusive and meaningful for India, then it becomes imperative that all that ingredients that constitute the rural-urban divide, be it technology, education, adequate food, health and insurance against eventualities be made available not just in India but in every nook and corner of the same. In that case, not just rural India but the Sensex too would benefit from that all inclusive growth.

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IIPM Editorial, 2008

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ZEE BUSINESS BEST B SCHOOL SURVEY
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Thursday, August 14, 2008

Curriculum to other corners of the country

Beginning with the states of Karnataka & Andhra Pradesh, the Foundation has taken its digital curriculum to other corners of the country. After the Telugu language, the curriculum has widened its spectrum to 11 additional languages, including Hindi, English, Tamil, Kannada, & Oriya. Under CAL, a mobile vehicle moves in and around Bangalore. The Foundation has distributed interactive CDs in different languages and trained thousands of local teachers. The aim is to enhance the quality of primary education, and innovate the technologies to enhance it.

Gudemaranahalli Higher Primary School should be considered as a classic epitome for the success of CAL. Out here, the local community is involved in the maintenance of the centre, which looks like a neatly-designed software headquarter. “We can’t solely depend on the government and the Foundation, though it is doing so much for us. Meanwhile, the community should give a back-up to the good work. Then only can we make this or any project, sustainable,” says Head Master N. Pujaraiaha.

This programme by the social arm of Wipro is definitely an add-on to others taken up by the various governments to increase India’s literacy rate. The APF, with its association with state governments and various local communities, has engineered a unique tripartite collaboration, which is playing an active and unprecedented role of monitoring and upgrading the kind of education dispensed under education programmes in rural India. Other biggies in the corporate world – like Tata Group & Reliance Energy – have also plunged into the education pool with their programmes like computer-based functional literacy (CBFL) and community initiatives and social activities in and around Dahanu taluka, a predominant tribal area, to spread literacy in rural India as part of their CSR plans. The aim is to increase the reach of these initiatives to several states, which lack proper infrastructure and thus lag behind in literacy levels. These include Bihar, Uttar Pradesh, West Bengal and the states in the north-eastern region. Educating adults as well as the new generation is imperative with newly-digitised curriculum in more languages. But will such well-thought-out plans result in education for all in the next decade or so?
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Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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ZEE BUSINESS BEST B SCHOOL SURVEY
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IIPM in Financial times (Print Version)
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The Indian Institute of Planning and Management (IIPM)
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IIPM makes business education truly global-Education-The Times of ...
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IIPM Ranked No1 B-School in India
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Wednesday, August 13, 2008

Interpretation of the Harry Potter series

There’s more, as we have just reached part V of the modern interpretation of the Harry Potter series. The 1980s witnessed the advent of cheap microprocessors that helped the making of personal computers. In the next decade, the arrival of bandwidth gave birth to www (World Wide Web). Cheap sensors and their multiplier effects will define the transformation in the next decade or two. And the first to be impacted will be robots, and the increased interactions between Man and Machine.

At the moment, our knowledge about robots is restricted to updated versions of Asimo, which has been designed and redesigned by several Japanese firms from time to time. But, by 2020, robots may become an integral part of our lives. Recently, Stanford University’s robot, Shakey, became the first to combine the diversified aspects of movement, problem-solving and perception. Post-Shakey, Stanford is working on STAIR (STanford Artificial Intelligence Robot), which is expected to attain broad intelligence.

If all goes according to plan, STAIR (or just call it Ramu, Shyam, or Chotu) will act as your guide, clean up the living room, assemble book shelves, and use your dishwasher, iron, and washing machine. “Cheap sensors are shaping this decade, and the poster child is going to be a robot. The next big consumer revolution will be consumer robots. We are poised at the edge of a robotics revolution,” says futurist Paul Saffo.

While robots will become intelligent, the telling difference in the future will be voice recognition. They will know who their masters are, they will know whose orders to prioritise. At present, the use of voice recognition (speech translation technology) is limited to few applications, but the real potential is untapped. According to Ray Kurzweil, a technology futurist, “Speech recognition will give us more ways to talk to machines. We will see robust speech recognition for making phone calls, getting travel information, accessing the Web when you can’t even look at a screen.”

One can now imagine an ‘iRobot’ world, where robots are everywhere and anywhere. They follow three essential laws: they don’t harm human beings, listen to human orders as long as they are consistent with Law 1, and protect their existence as long as it does not conflict with Law 1 and 2. Unfortunately, we will still have a Del Spooner (Will Smith) passionately searching for Sonny (NS-5 robot), who broke all the three laws.

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)
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Tuesday, August 12, 2008

Potential of the industry

Notwithstanding the present downward trend, estimated market surges in the near and distant future, are all set to compound the potential of the industry. Analysts expect to see an annual growth momentum of over 35% per annum, in years to come. The Boston Consulting Group (BCG) assesses that the asset base of the industry will touch $520 billion by 2015.

Yet, the present market volatility cannot be ignored. Combined with a global economic slowdown, fears of a US recession, deteriorating domestic fiscal scenario and of course, over dependence on foreign fund flow, market pundits continue to point toward uncertain times, and NAVs of major funds have crashed nearly 25-30%. Avers Ashok Jainani, VP, KSL, “The markets have turned volatile and reacted sharply to the crisis in global financial markets over the last three months… The NAVs of equity funds have dropped to reflect the turbulence in equity markets worldwide.”

But lower NAVs also appear as a blessing in disguise, as investors are now prudently considering the scenario as the best time to invest. Such investors, even if they don’t care for ‘statutory warnings’, the 4Ps B&M Best and Worst Mutual Funds list will serve as a ready reckoner about which funds have done well till now, and which have ripped apart investor hopes. Anand and his ilk can be just that much more future ready!

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 ...
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IIPM Ranked No1 B-School in India
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domain-b.com : IIPM ranked ahead of IIMs

Monday, August 11, 2008

KO! Play it hard!

Gaming in India is fast becoming a religion. And there is more than a name in contention for the prospective ‘god’. Pawan Chabra presents an insight into Sony’s gaming division and the domestic industry...

What’s common between ‘Prototype’, ‘Lego Batman’, ‘Wii Fit’ & ‘Starcraft II’? Besides them being global gaming consoles that were either launched or are to be launched this year, the point of commonality is that none of these high-resolution consoles belong to the Sony PlayStation category (what?!). But that doesn’t imply that Sony is at a loss for magic when it comes to gaming; it has two releases planned for 2008 – ‘Guns of the Patriots’ & ‘Resistance 2’.

And while the game is getting bloodier on global lands, the hunt in India too is getting spookier by the minute. Good news indeed for Indian gamers, and more so for those who want ‘traditionally customised’ games. So after the brief talk on recent launches, why have we suddenly moved to India? Is it just that we forsee a future of brilliance from a domestic gaming industry worth $161 million in revenues; or has some foreign spaceship landed on Indian shores? The answer – a bit of both!

Elaborating on the India-dream, Atindriya Bose, Country Manager, Sony Computer Entertainment claims, “The gaming industry is expected to reach a mind-boggling figure of $425 million by 2010 in India.” That represents a value-appreciation of 164.6% in just two years! The potential in the gaming industry has also attracted many to exploit opportunities on Indian lands.

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

Saturday, August 09, 2008

Multiple mutual funds

Nevertheless, the bulk of Bajaj Capital’s revenues continue to pour in from markets in the north and south of the country, even as Chopra admits that the group’s presence in other regions requires strengthening. With this SWOT analysis in place, Chopra is gung ho on reaching a capacity from the present 300 branches to 500 over the next five years. Besides, to rope in more consumers, Bajaj Capital launched its online investment & stock broking platform ‘Just Trade’ earlier this year. Designed as a global investment platform, the platform offers some unique functionalities like online financial planning and investing in multiple mutual funds. Although till date, the platform has only managed to rope in 6,000 clients and Chopra says that “we can’t say we are happy” with the target achieved, but going forward, he believes it to be a “great revenue source.”

As of now, ask Chopra about his biggest achievement at Bajaj Capital till date, and he says that it’s been his “modest” effort at inculcating global HR practices that have created a “professional environment” within the group. The culture, he says, has helped the group “retain its best brains”, so that attrition has never been a big problem for the group; some employees have been working with the company for the last four decades and have climbed the ladder of success early in their professional career. Chopra says that he has a keen observation and his hobby for years has been to ‘spot talent’. “I travel a lot, across branches in the country and wherever I spot potential leaders, I mark them and observe their progress in the company closely,” he says.

His leadership style reflects his belief in creating leaders for the fast-expanding company. “Performance management is the key expectation and responsibility of a leader. The important task is to create more leaders,” he says, as he signs out on an optimistic note.

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