Indian customers

The effort has been to understand the Indian customers well and serve better. In figures, the latest results (year ending March 31, 2006) of the bank showed that the bank clocked a total income of Rs.41.07 billion (up from Rs.31.46 billion previous year), with a profit of Rs.11 billion. To build on its India presence, the bank has also ventured into myriad social initiatives, covering areas like financial literacy, primary education and microfinance. Citibank pioneered ATMs in India, but ICICI and SBI snatched this advantage and proceeded to build the biggest ATM networks in the country. But as part of the India story since 1902, Citigroup was not one to give in easily. Today, Citibank stands tall as the largest foreign bank in India, and growing!

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Source : IIPM Editorial, 2007

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

INDIA’S 15 BEST BANKS

We identified retail financeas the key growth opportunity at the beginning of the decade and built a scalable platform for capitalizing on this opportunity. When the going gets tough, K.V. Kamath gets going! It’s this attitude at ICICI Bank that has helped it to maintain its leadership. ICICI Bank – India’s most valuable bank at $20 billion has ensured that it remains an integral part of India’s growth story. Ever since the private bank transformed itself from an ailing financial institution to a truly universal bank, ICICI has become known for its aggressive promotions, with the Big B as brand ambassador to boot. The upper hand that the bank enjoys today in most of its products – be it project finance or retail lending – only proves that they have succeeded. Needless to mention, the northward graphs for credit cards and personal loans.

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Source : IIPM Editorial, 2007

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

Abounding excitement

With all the abounding excitement, glamourous women couldn’t be far, each dreaming of clinching the Queen of the Fair crown. And for all those who could do with some divine advice on where to punt and where not to (the casino’s open too!), there is the clairvoyant canary and the tarot card reader too. Aptly welcoming the spring, the fair brings joy to the city & ensures happiness truly springs within each soul.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

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Human resource

One of J&J’s many interesting initiatives ‘Johnson & Johnson Human Resource Leadership Development Program’ is a two and a half year programme dedicated to developing the leadership quotient in its HR personnel. It works on a rotational basis to prepare future leaders within the J&J family of companies and all participants need to qualify to be a part of the programme. Similar programmes are also designed for each of its functional departments to ensure that the company works towards churning leaders as a continuous practice with the objective of developing every employee.

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Source : IIPM Editorial, 2007

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

Initiatives aim

All their initiatives aim at instilling values that helps in the growth and development of the employees, thereby enhancing their job satisfaction. J&J has a fast paced employee growth programme, wherein employees get a chance to take on responsible positions from the very beginning. For example, a Product Trainee at J&J is directly moved onto to the responsibility of a Product Manager, straight after completing the training period, to give him the opportunity to take charge. With the fast growing retail sector, the new challenge for J&J is to shift its approach of selling through a C&F agent to concentrate more on direct selling in order to cater to the likes of Walmart, Tesco etal. Looks like here’s an organisation that is evolving with time without facing the ills of a talent issue, more so because the focus here is more on ‘investing’ in the ‘development’ of its people than fighting over petty pennies!

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Source : IIPM Editorial, 2007

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

Immediate collapse

Now, I am not necessarily predicting an immediate collapse of brokerage shares and that all our readers should short them (although I think that the group is extremely vulnerable), but the point is that the risk reward ratio is no longer particularly favorable. First of all it is quite likely that it is not only the pure sub prime lenders that are in trouble. Because lending to people with a poor credit record - or better said to people who never had the intention to repay their loans - was so profitable and in an environment of rising asset prices a low risk proposition, that practically all financial institutions including banks, brokers and financial institutions.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

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Siemens

Having commenced his career as a sales executive in Siemens after graduating from the Delhi College of Engineering, Promod went on to do his masters degree from the Northwestern University in Illinois. Don Jacobs, who was one of the professors at the Northwestern University was vividly impressed by Promod and helped him to pursue his doctoral studies. After completing his PhD, Promod joined Thornton EMI as a product development manager where he sharpened his skills in sales and marketing. The five year stint at thornton EMI awakened the entrepreneurial endeavour in Promod as he went on to enroll in an evening MBA course at the Kellogg Graduate School of Management.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

British Imperial Legacy

Thanks to the British Imperial legacy, ‘public servants’ in India have had a nasty habit of behaving like ‘masters’. And courses in American universities are not going to change that mind set. If the Prime Minister is genuinely concerned with reforms in bureaucracy, he could think of practical ways of teaching them humility and compassion... and yes, better administration!

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Globe trotters at their best in 2006!

In the ever increasing stressful life, vacation is a must; and well, that is further authenticated by the UN watchdog, World Tourism Organisation’s report. In the year 2006, the world tourism record escalated to newer heights and recorded a total of 842 million international tourist arrivals. This registers an increase of laudable 4.5%, despite the widespread fears about rising oil prices, terrorism and bird fl u. Another interesting thing, Americas has shown the weakest growth of just 2.0% – chiefly because of North America – while Africa recorded the sturdiest 8.1% growth. What say, eye-opening growth and heart-ripping...

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Suggests Medication

Although medical chronology suggests medication including hormones, increased serum estrogen, decreased testosterone production, androgen receptor defects, chronic kidney disease, chronic liver disease, the Human Immuno deficiency Virus (HIV) and other chronic illness as potential pathological triggers, investigations on three boys aged four, eight and ten at the National Institute of Environmental Health Sciences (NIEHS) – part of the National Institutes of Health (NIH) in the United States – revealed findings of another nature, so to speak, altogether!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative