Showing posts with label iipm business school. Show all posts
Showing posts with label iipm business school. Show all posts

Monday, June 03, 2013

A few bad men

Why do Maharashtrians make such lousy home ministers? Yemon Ganguly Shukla probes this intriguing feature in a state with a rich warrior legacy 

It is not easy being a Home Minister in a country like India. Ask L.K. Advani, the leader who so desperately craved to be recognized as the natural inheritor of the legacy left behind by India's first Home Minister Sardar Patel. Despite his image as a hard liner and a nationalist, Advani himself knows that his performance as Union Home Minister was not something that historians will rave about. But he can find comfort in the fact that his far from sterling performance looks incredibly good when you compare it with some politicians from Maharashtra. Just pause and think about it for a moment: how can a state that has given so many towering leaders throw up such abysmal home ministers?

This correspondent wrote a cover story in 2007 for this magazine with the headline: Where Next? That story basically told what everybody in Delhi and beyond already knew. It was about how clueless the dapper Shivraj Patil was as Union Home Minister in UPA-1 and how he appeared more interested in changing his clothes after a terror attack than goading his officials to go after terrorists. In case you have forgotten, the track record of UPA-1 when it comes to terror attacks is worse than that of the NDA regime when terrorists attacked the Indian Parliament and when India had to suffer the ignominy and indignity of the hijacking of the Indian Airlines flight to Kandhar. The capital Delhi was rocked in 2005 by a series of bomb blasts that left hundreds dead and more scarred for life. The next year, bombs planted in local trains in Mumbai killed scores of innocent commuters and inspired a film called "A Wednesday" where Nasseruddin Shah plays an "aam aadmi" who sets out to kill terrorists in his own unique way. In the meanwhile, Naxalites had been rampaging in Bihar, Chhattisgarh, Jharkhand and Odisha. Then came the shocking exposures that most Indians were afraid to admit: the first that some Indian Muslims via the Indian Mujahideen were waging their own twisted version of Jihad and second, that some Hindu groups were plotting terror strikes of their own as revenge. Of course, our honourable Home Minister seemed to prefer calling all these bloodthirsty killers misguided Indians. Even as terrorists struck at will across India, Shivraj Patil seemed very secure in his job and kept proclaiming his undying loyalty to the Gandhi family. By the time the Batla house encounter, where some alleged terrorists and a policeman were killed, Shivraj Patil had become a national joke. And yet he remained the Home Minister and kept changing his dress before every TV appearance. It was only the outrage and perfidy of 26/11 that perhaps persuaded the real ruler of India Sonia Gandhi to let go of this embarrassment of a Home Minister called Shivraj Patil. In any other functional democracy, this man would have been hounded and exiled for his abject failure to protect Indian lives. But then, we have democracy Indian style so the dapper gentleman is now a Governor.

It would be difficult even for the cynical to compare Shivraj Patil with fellow politician from his state Sushil Kumar Shinde who now embarrasses the country almost every week with his laughable performance as the Home Minister. Shinde is another Congressman who pledges and proclaims his undying loyalty to the Gandhi family. Just recall how he reacted and behaved after the horrific gang-rape and murder of Nirbhaya when citizens in Delhi took to the streets to protest. He sounded genuinely puzzled in an interview with the behaviour of the protestors who refused to be cowed down by police brutality. In his opinion, Madam Sonia Gandhi had given an audience to some protestors and listened to them and so the grateful citizens of Delhi should have gone back to their homes because Madam had heard them. Just look at the perverse audacity of his sycophancy.

But then, Sushil Kumar Shinde, like fellow Maharashtrian Shivraj Patil is in the race to be anointed the worst Home Minister ever by future historians. So don't be surprised when he actually manages to repeat a statement in the Parliament without realising he is making a fool of himself on live television. In fact, his appointment as Union Home Minister reflects the casual arrogance with which the Congress treats Indian citizens as subjects.

When Shinde was Minister of Power, half the country shut down because of an unprecedented collapse of the power grid that prompted many across the world to laugh and mock at the sheer incompetence of Indians. Within 48 hours of this disgrace, Shinde was rewarded with the critical post of Home Minister. He has since performed as expected, with the nonchalant incompetence that only a sycophantic courtier can manage.

There is indeed a mystery here: the abysmal performance of Maharashtra politicians as home ministers. The whole world blames the then Prime Minister P.V. Narashima Rao for his failure to prevent the demolition of the Babri Masjid and its horrific aftermath that India is still suffering from. But how many remember that it was S.B. Chavan who was the Union Home Minister at that time? For that matter, do you know that Narashima Rao, though a product of Andhra Pradesh, used to contest Lok Sabha elections from Maharashtra? The irony is: Rao was Union Home Minister in 1984 when Indira Gandhi was assassinated by her own body guards and the Congress presided over the massacre of innocent Sikhs.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
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Saturday, May 11, 2013

The auto bloodbath

Going by how matters have been in the past year, there is little hope that India’s auto industry will grow beyond the single-digit mark in FY2013-14, even if macroeconomic indicators and economic sentiments improve substantially

This kind of brutal bloodbath was not witnessed even after the global financial meltdown of 2008 when it appeared as if Apocalypse and Armageddon had jointly invaded the global economy. From about 1.6 million domestic sales in 2007-08, passenger car sales fell marginally to about 1.55 million units in 2008-09. Not just that, the auto industry registered a spectacular turnaround almost immediately and kept growing at a very healthy pace. By 2011-12, passenger car sales had reached close to 2.68 million units. Something similar happened with sales of commercial vehicles that reflect even better the state of health of an economy. From about 490,000 units in 2007-08, sales crashed to about 384,000 units in 2008-09 in the aftermath of the global financial meltdown. But as with passenger cars, the recovery was swift and sure. By 2009-10, sales of commercial vehicles had recovered smartly to 532,000 units and crossed 800,000 units by 2011-12. The magic one million mark was looking very much within reach. And everybody was going ga ga over the brilliant prospects of the Indian auto industry. Some over optimistic souls even started predicting that the auto industry growth rates in India will keep outpacing that of China and that India could well emerge as one of the five largest auto markets in the world by 2020.

In 2010, the consultancy firm Ernst & Young conducted a study on behalf of Automotive Component Manufacturers Association of India. The E&Y study predicted that the Indian automobile market would clock the fastest growth rates between 2010 and 2020. Average annual growth rate for the Indian market between 2010 and 2020 was pegged at 14%. The average annual growth rate for the Chinese market was pegged at 8%; the forecast was 6% for other emerging markets and just about 4% for developed markets belonging to G-7 countries. According to the survey, domestic sales of cars and SUVs would jump to 5 million by 2015 and further double to 10 million by 2020.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Friday, May 10, 2013

Who Says Modi Bhai and Rahul Baba are the only choices for Prime Minister?

Congress leaders were triumphant after results of the Gujarat assembly elections were announced. Senior leader P. Chidambaram said in virtually as many words that Congress had won because it had restricted Modi and BJP to barely 115 out of 182 seats. For Modi fans, the script was entirely different. His third successive election victory made him a strong contender to be the BJP candidate for Prime Minister. In Jaipur recently, nervous Congressmen heaved a sigh of relief and shed tears of joy when Rahul Baba finally agreed to lead the Congress in the 2014 Lok Sabha elections. Since then, we have seen an overdose of articles and columns comparing the two as potential prime ministers. If you go by excitable media reports, 2014 could well be an American Presidential style election where voters will have to choose between Modi Bhai and Rahul Baba.

But I most humbly disagree. If you look deep and hard, India has literally a wild variety of choices when it comes to who should be the Prime Minister. Come on, if Deve Gowda, the late I. K. Gujral and Manmohan Singh can become Prime Minister, surely almost anybody can. And I am not talking about the likes of Mulayam Singh Yadav, Nitish Kumar and Jayalalitha as strong contenders. In the true spirit of democracy, I cast my net wide and far and came up with a very rich catch of choices. Here is a not so comprehensive list of gifted, talented, visionary and messianic Indians who have superb qualifications to be the next Prime Minister of India:

Asaram Bapu: Who better than this fountain of Vedic Wisdom and champion of gender equality and female empowerment. I am not so sure about what his domestic and economic policy agenda would be. But I am absolutely convinced this great man will do a superb job of making all our borders safe and secure. You see, almost all his female devotees will be dispatched to our borders. Dancing to the tunes of devotional songs, they will all keep asking real and alleged enemies to treat them like sisters. The Pakistani soldiers will be so inspired that they will start beheading themselves. The Chinese would be so shell shocked that they would promptly give up all claims on Tibet. And there will commence a citizen movement in Bangladesh that will demand the return of all illegal migrants from India. Each cabinet meeting will be a Satsang where Asaram Babu will drop further pearls of wisdom.

Akbaruddin Owaisi: This mind blowing orator and contender for the Nobel Peace Prize will firmly have a simple domestic agenda. His first decision as Prime Minister will be to declare the birth anniversary of the last Nizam of Hyderabad as a national holiday. His second decision would be even more historic. He will decree that all police stations in India be shut down for 15 minutes once every week. That will enable the 25 crore Muslims of India to show the 100 crore Hindus of India who the real Boss is. Even as Hindus and Muslims indulge in a new national pastime and sport called This Week in Riots, the new age Nizam will go to London as a medical tourist. This will greatly improve relations between the former Imperial Power and the new Caliphate. Owaisi will also announce a weekly award worth Rs.100 million for a slogan writing contest where you will be encouraged to denigrate Hinduism. Hordes of media celebrities and secular activists and academicians will literally kill each other to become participants


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Monday, May 06, 2013

DealBook: M&As this year

there has been a steady decline in the appetite of Cash stressed indian companies as well as their global counterparts for M&A deals in the last couple of years. Moreover big ticket M&As haven’t demonstrated expected synergies. Both, deal value and volumes have seen a tremendous downfall. B&E presents a snapshot of how the M&A landscape has panned out so far this year

M&A deals lose sheen


The number of M&A deals and the corresponding deal value for the first nine months of the year are on consistent decline. While in the year 2010 and 2011 deals valued at $42.5 billions and $37.6 billion respectively were completed in the first three quarters, the value fell sharply to $29.4 billion this year. On the other hand, number of deals have fallen sharply from 511 (9M 2010) to 438 for the corresponding period in 2012. The figures clearly indicate that M&As are loosing the sheen and have failed to deliver the promised value over the last few years. Further, with economic uncertainty looming large in and around India, the road ahead for such deals does not seem to be a smooth ride either. Unless organisations around the world demonstrate exceptional performance, the state of M&As is most likely to be dismal.

Cross border deals score well over domestic

82.56% of the M&A deals closed by India companies in the first 9 months of the year were across the border. This involved many big ticket deals like the $1.8 billion acquisition of RBS’ retail and commercial banking business by HSBC UK. Apart from this, Indian companies were also very active in looking out for small and medium acquisitions related to oil & gas and other natural resources. These acquisitions will eventually prove to be the backbone for the vertical integration of businesses and in the coming days, one can expect to see more such deals. On the other hand, foreign companies have also consistently engaged in buying out promising Indian companies. However, most domestic M&A deals have been undertaken to achieve operational and financial synergies between companies.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles