Defining roles and responsibilities

Next steps for addressing these issues include:

• Developing position descriptions for all staff members that clearly explain the requirements and expectations for those positions

• Implementing recruitment and selection processes in order to hire the best staff

• Implementing policies and processes to address staff performance and behaviour

(performance and conduct policies)

Rather than pointing fingers, an investigation should take place to establish the facts and then, appropriate corrective action should be taken. Gaurav and Goldy should consider conducting 360 evaluations for the entire leadership team, including themselves. This would be a way to evaluate the strengths and skills as they craft a new organisational structure. It would also be an excellent way to develop the management skills of the entire team. Another consideration is to engage an executive coach who can work with the three senior managers and Goldy, whose background is child psychology. The advantage of executive coaching for all would be to sharpen their skills, increase effectiveness, capitalise on each of their strengths, help make better decisions with challenging issues and resolve the existing tension. Read more...

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Let’s just kill the Nano!

With new entry compacts, Hyundai & Maruti are out to prove they are ready to fight the Rs.1 lakh car

Maruti Suzuki’s A-Star debut at this year’s Auto Expo was met with skepticism after the initial hoopla. Analysts who had earlier anticipated that progressive consumerism would shrink the entry level segment further; were aghast by the audacity with which Maruti made this bold move. According to market reports, the stylish car will be a sub Rs.3 lakh product, offering entry level customers a wider product range. As a repercussion to the impending Tata Nano (the Rs.1 lakh car), volume players are on a scramble to provide the customer with an alternative that is not basic (unlike the Nano) but is highly affordable nonetheless.

Taking the bait of even higher volumes, expected to be generated by the ‘high attention’ entry segment, India’s number two player, Hyundai Motor India (HMIL) has unleashed its plans as well. Reportedly, the South Korea major is developing an entry level small car, albeit one that is not directly competing with the Nano. Comments HS Lheem, MD, HMIL, “Hyundai does not have any plans to enter in to this segment immediately. What Hyundai might look into, in the near future, is the possibility of a car a notch lower than the existing Santro, keeping in mind parameters like technology, safety and regulatory norms.”...Contine

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Pratibha Patil

Pratibha’s stint at the Centre began in mid-eighties. From 1985 to 1990, she was a Rajya Sabha member, where she acted as the Deputy Chairman for two years from 1986-88. During her Rajya Sabha days, she also headed Rajya Sabha Committee on Privileges and was a member of the Business Advisory Committee too. In 1991, she added another feather to her cap by getting elected to the 10th Lok Sabha on a Congress ticket. After her stint at the lower house, she quietly went into wilderness to lead a retired life. Destiny had so much more for her to achieve. In 2004, she was recalled by the Congress party to take over the Governorship of Rajasthan. She accepted the appointment with grace and performed the task with élan. A non-controversial, loyal-to the- core Congresswoman, Pratibha had another tryst with destiny, when she was chosen by the ruling party to be its nominee for the prestigious post of President. Neither Pratibha nor her family had ever expected this news to sink in so easily. She was planning her final retirement and was almost through with her political career, but things changed overnight.

Since the UPA has the numbers to ensconce Pratibha in Rashtrapati Bhavan, her victory seems well-nigh certain at this juncture. She has promised not to be a rubber stamp President. She may not be a star politician, but she is certainly a performing politician, a team-person and above all, she has displayed good leadership skills throughout her political career. Now she is most likely to be the first Indian woman Commander-in-Chief of the armed forces. Way to Go!

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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...of the current state of India’s defence...and offence!

We are essentially talking about India and Pakistan. While the chances of a nuclear holocaust have subsided much, still, the subcontinent is far from becoming a peace haven. And as if the envy of Pakistan hasn’t been enough, it has rather got a major booster from similar antipathy within many sections of Bangladesh. While the chances of much of the subcontinent becoming a hub of radical fundamentalism essentially remains above average, it can only go up as the increasing prosperity of the Indian economy creates more heartburn in the failing states of Bangladesh and Pakistan. And while an inclusive growth strategy for the subcontinent is of prime essence, in the short run, India is left with not much option but to increase its vigil, the reminiscences of 1948, 1965,1971 and 1999 still fresh in mind.

For Complete IIPM Article, Click here

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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Ctrl+Alt+Del to....

Ukraine is swiftly wiping out its old memories & scampering towards development, backed by strong industrial & agricultural sectors. The current socio-economic developments in an otherwise fractured & volatile polity are undoubtedly a big achievement.

While slow pace of reforms implementation had an opportunity cost attached with, in 2006, the output grew upto 100% and compensated for the same. Most importantly, Ukraine has developed a strong civil society through the serene ‘Orange Revolution’ that helped to institutionalise and organize the government activities along with the help of various NGOs & Task Groups.

For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India