sonuthinking

Renowned Management Guru 

Global MNC IT giants, with their acknowledged global capabilities and project skills, have been growing from strength to strength. The Indian IT companies, which rode the off shore wave, are beginning to acknowledge the greater potential of the domestic market. Some key alliances have been formed between the MNC corps and the bigger Indian IT companies and some niche soft ware companies in order to offer a bouquet of services to clients. Further, all the global IT majors have earmarked large-scale investments to buffer their off shore delivery centers, boost R&D activities and spur innovation in the past one year.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri Initiative

IIPM BUSINESS & ECONOMY  

Scheduled commercial banks have mopped up a staggering Rs.12,950 billion from Tier I and Tier II cities during the Q3 of 2006-07. These cities contributed a heft y 54.7% of the total mobilisation deposits of Rs.23, 670 billion. High income base due to the emergence of new industries in these towns has led to this rise. This development seems to be quite encouraging for the Indian banking sector, which is amidst a severe liquidity crunch.

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Source : IIPM Editorial, 2007

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

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IIPM BUSINESS & ECONOMY 

On war front basis, an initiative named ‘Project Insight' was the first immediate step taken by the company. The project aimed at helping them understand why people were leaving the organisation. Although their research brought up reasons that were no different from what others in the industry were facing, Bausch & Lomb was quick to realise that this attrition was not only a result of certain micro issues and flaws within the company, but it was also a ripple effect of the macro change in the industry as a whole. The last five to seven years had seen an increase in the number of jobs in the country, as well as a sense of ‘high employability' by people, which led to the fast paced movement of manpower across industries and organisations. Over the years, Bausch & Lomb has now re-calibrated its hiring strategy in order to focus on recruits desirous of creating a career in healthcare or the medical devices industry. This is so because Bausch & Lomb products require a lot more than mere selling skills to do a great job; it requires the competencies of consultative selling and demand generation and the right passion for the industry, to stick on. Its employees associate themselves with an enormous pride of providing the best products and services to its customers.  

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Source : IIPM Editorial, 2007

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

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IIPM BUSINESS & ECONOMY 

It is mid-April and the heat is sweltering. Unperturbed, many Anglo-Saxons are loitering on the beach that's scattered with numerous joints of famous Western food chains. Two Anglo-Saxon women, dressed in swim-suits that reveal more than they hide, are stretched on the beach gulping the latest variant of ‘Diet Coke'. Some boys, dressed in the best of Adidas and Nike, are playing beach volleyball. It is still early morning but the hyper malls nearby are already bustling with activity, as they are thronged by people from close to 200 nationalities. Take a look inside and every possible posh-brand you can think of is right there - Gautier, Mont Blanc, Versace and UCB. An eagle-eye-view gives an impression of a miniature Las Vegas. And this is just a small snapshot of the magnificent city of Dubai.

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Source : IIPM Editorial, 2007

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

IIPM MANAGEMENT INSTITUTE  

But structural defaults still cripple the industry at its foundation. The Indian microfinance sector today is ailed by constricted per-capita loan disbursement as well as customised design and delivery of products; more so that currently these don't suit the needs of the poor and needy. As Aarti Kapoor from the microfinance department of Access Development Services, one of the top microfinance firms, says, "Challenges include ensuring that women are targetted for microfinance schemes, contributing to gender equality; deepening poverty reach to the poorest and the most disadvantaged; regulation of the sector and more transparency and encouraging commercial banks to provide microfinance." Microfinance surely has to play a broader role in terms of fostering financial inclusion, and especially with the objective of reducing poverty levels. Well, if Bangladesh can do it, why can't we?

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Source : IIPM Editorial, 2007

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

IIPM BUSINESS & ECONOMY 

Of course, this freedom comes for $1.29, up from 99 cents earlier. Apple also has a one-click update for users to update their entire EMI-related music library for 30 cents per song. "We expect to offer more than half of the songs on iTunes in DRM free versions by the end of this year," exclaims Apple's CEO Steve Jobs.

Not so long ago, Microsoft had lambasted Apple's CEO for suggesting such an idea. Now, Microsoft is also now in queue talking to EMI and other record labels to get them to sell similar DRM free music online. The interesting thing is that the consumer does benefit, though higher pricing may peeve him. Higher quality tracks mean more storage space required, so higher capacity iPods or music players will be demanded. Is that bad? Well considering that DRM free music means other manufacturers can compete without being smothered by the iTunes-iPod sort of scenarios, the prices of players will indeed come down! So now everyone wins. Just wonder how much longer it takes movie businesses to understand the benefits!

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Source : IIPM Editorial, 2007

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

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