Showing posts with label IIPM ADMISSION DETAILS. Show all posts
Showing posts with label IIPM ADMISSION DETAILS. Show all posts

Saturday, January 12, 2013

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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Monday, October 08, 2012

A piece on Israeli grandmothers!

And on why mothers and grandmothers of this great nation play a critical role in the Israeli-Russia spar

Since August 28, 2008, almost all western media in some or the other form, are criticising Russia’s decision of recognising the independence of Abkhazia and South Ossetia [once considered part of Georgian influence] by considering it Russian-occupied territories. Not only have both Fortune and Economist featured Russia’s growing influence on their cover stories in the last few weeks, even global leaders have suddenly started recognising that Russia still exists. In sarcastic criticism, US Secretary of State Condoleezza Rice expectably showed her support to Georgia and warned Russia, “In contrast to Georgia’s position, Russia’s international standing is worse now than at any time since 1991...” How interesting dear Ms. Rice that you use that year as an example, for we believe that for the first time since 1991, Russia is finally regaining its rightful position on the world platform. And please Ms. Rice, neither you nor your favourite ‘Kiss Army’, of whom you are a self-confessed die-hard fan, are even an iota interested in what happens in Georgia, are you ma’am?

But what we wish to impetuously implicate out here, and what has been missed out by a majority of media in the process has been the emergence of a strange spar between Israel and Russia over the Georgian war! Analysts and experts in both Israel and Russia are bombarding each other with anti-Russian and anti-Israel statements respectively. Even in the media, while on one hand, Israeli press is accusing Russia of increasing its arm trade with the Middle East, on the other hand, the Russian media is leaving no stone unturned to prove the presence of arms and Israeli training hubs in Georgian land. And now, gravely serious political leaders allege that Russia’s nuclear fuel supply to Iran’s Bushehr nuclear plant is an initiative against Israel and Georgia. The question is, why is Israel suddenly getting into the benign act of protecting Georgia?


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

 
IIPM : The B-School with a Human Face


 

Saturday, October 06, 2012

“In HP we look at Two Dimen-Sions, Reach and Richness”

Philip Mckinney, VP & CTO, Personal Systems Group, HP Reveals to Neha Saraiya the Reasons for Choosing India as the Launchpad for HP’s Latest Offering – HP Dreamscreen and its Future Roadmap

B&E: You come from a telecom background. Considering that telecom is one of the fastest growing sectors in the world, how do you think that the sector’s scenario has changed across the globe over the past 2 decades?
Philip McKinney (PM):
I was associated with the telecom industry for almost 20 years in my previous job. Regarding my contribution to Indian telecom industry, I had actually built the first GSM operator in Kolkata back in 90s. But, the scenario has changed tremendously since then. From a standpoint, what used to be a novelty has now become a key aspect of infrastructure for the countries and societies to be competitive. Thus, delivering to the mass has become really important and necessary.

B&E: But this growth in telecom has brought in a huge change in the personal systems segment. Your opinion.
PM:
I think the reality at present is that all the devices are connected. 5 years ago, there would be some data services on the phone that were hardly used. But now it is amazing to look at the social networking sites and the way they have shaped up. Actually, it’s quite funny. If you consider the laptops 5 years back, the mobility was only from table to the bed. But over time, it has completely changed. As a result size, weight, battery... everything has become critical as everyone wants to be online always. It’s almost like an addiction. Here, being offline has become a state where people don’t know how to operate. And it’s all because of the mobile products.

B&E: In the Indian context, 90s was the phase when computers came into the country. Then, they were replaced by laptops, notebooks, netbooks and now tablets are making an entry. So where do you see this profile heading?
PM:
In HP we look at it in 2 dimensions. One is ‘reach’ and the other is ‘richness’, be it any product created by us. What has happened in the past 24 months is a journey in order to bridge the gap between a mobile phone and the PC. Like some people came in the market with a 7 inch netbook stating that a small netbook is better. So the question is how the segment will look like in coming times. What we predict is that sleeks (notebooks, netbooks, tablets, e-reads et al) will see an explosion in the number of devices. But the reality is that every consumer has a different need. So, rather than forcing the consumers to do a trade-off, the ultimate objective should be to build those devices that are suiting consumer needs. Like, I can’t put a 50 inch screen inside my pocket. I need a smaller one for that but at the same time I don’t want to compromise with the features. So technically speaking, we have to decompose the computers in a way so that they open up a whole range of new possibilities.


Source : IIPM Editorial, 2012.

For More IIPM Info, Visit below mentioned IIPM articles.

 
IIPM : The B-School with a Human Face

Saturday, September 08, 2012

Michael Douglas is back!

Gordon Gekko made a rasping comeback in the Wall Street sequel, Money Never Sleeps, but what was an even more emphatic comeback was that of Michael Douglas against cancer. Diagnosed with a stage four tumour in his throat a couple of months back, Michael recently wrapped up his last chemo session and is now set for six weeks of rest and recovery. For life, greed is good.


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face

Saturday, September 01, 2012

ON THE WORLD STAGE

Pawan Goenka, Ppresident, Automotive & Farm Equipment, M&M , Talks about the Group’s M&A Strategy, Future M&A plans and endeavours for a Global Presence, particularly in neighbouring China in this Exclusive interaction with B&E’s Pawan Chabra

The day Pawan Goenka, President – Automotive & Farm Equipment Sector, Mahindra & Mahindra, joined the home-grown conglomerate as General Manager (R&D) in 1993 with a solid 14 year experience of working with the Detroit giant General Motors, was the harbinger of a major transformation for M&M. Goenka not only made M&M one of the most competitive players in the SUV segment with his R&D expertise and market oriented focus, but has also been successfully leading the core automotive division for Mahindra since 2005. The UV major has been on a relentless acquisition spree over the past few years. Goenka explains the strategic propositions behind the acquisitions and the way forward to B&E.

B&E: After the failed attempt to acquire JLR from Ford Motor Company, the company has been on an acquisition spree. Be it Kinetic, Reva or Ssangyong, M&M has been able to get into major segments where it wasn’t present so far. What is the broad rationale?
Pawan Goenka(PG):
The three acquisitions that you mentioned were done with three different goals in mind; the Kinetic deal was done with a view to give Mahindra a head-start in the two-wheeler business. We have used that to ramp up very quickly. The Reva acquisition was done to get an acceleration as far as the electric play is concerned. The Ssangyong acquisition is done to expand our global presence. If you notice, the product portfolio of Ssangyong complements the portfolio of Mahindra. Our primary objective is to become a global SUV maker. Also, we have always promoted green and clean electric technology and that’s where the Reva deal comes into play.

B&E: With the acquisition of Reva and the expected launch of NXR, the company will have its presence even in the small car segment. How different will be your strategy for the same?
PG:
With the acquisition of Reva, Mahindra is aiming to gain presence in the electric car segment and not small car segment. Having said that, the first product i.e. NXR that we are planning to launch by the end of next year happens to be a small car, which was showcased by Reva at the Frankfurt Motor show.


Tuesday, August 14, 2012

Exclusive Darkness at noon

Dependants of jawans killed by Maoists struggle to stay afloat. A report from Orissa by B&E’s Dhrutikam Mohanty

Two years of anguish have gone by since Mase Madkami’s husband, an SGO jawan, lost his life in a landmine blast triggered by Maoists. But life hasn’t returned to normal for the 25-year-old woman. She lives in the southern Orissa village of Udupa, 25 kms. from the Malkangari district headquarters. Her hut, located in a distant corner of this tribal hamlet, has four rooms. Her husband, Ganga Madkami, was the family’s sole breadwinner. Today, the responsibility of their eight-year-old son and Ganga’s ageing parents is on Mase’s frail shoulders.

We reach her house at dusk. Her son, Sunadhar, is studying in the front room. Mase is busy cleaning a lantern. Udupa does not have electricity. In a while, the lantern will be the only source of light in this benighted home. “I never imagined I’d ever have to see such dark days,” Mase begins to narrate her tale of woes. “Five days after the incident, the chief minister handed out cheques to the families of the martyrs. He also promised each affected family a job, a plot of land and other government benefits. He had tears in his eyes. We had reason to believe that we’d be taken care of by the government.”

But Mase’s hopes were dashed. “For six months I ran from one office to another to get my dues. I finally received Rs. 4 lakh as compensation and Rs. 10 lakh for his life insurance. But I am still waiting for the promised job and land,” she says.

Her problems have increased manifold with the passage of time. She has to travel to Bhubaneswar every month to collect the family pension. Being a single lady, she is usually accompanied by somebody from the village, which entails additional expenses. At times she has to travel to the state capital more than once for the same purpose. Sometimes the officers concerned are not available. At other times, the processing of her payment is deferred. “We are illiterate poor villagers and don’t know much about government procedures. But running around like this for what was promised to me is actually hurting me more than my husband’s death,” says Mase, tears welling up in her eyes.

Given the constant drain on her limited resources, she is worried whether her son would be able to complete his education. She says, “Including my old father, I have four dependants. Tell me, how will I manage to continue paying for my son’s education?” Despite a government announcement of financial assistance for the education of the children of martyrs, Mase hasn’t received any payment. Sunadhar, on his part, wants to follow in the footsteps of his late father and join the police force. But will a heartless bureaucracy, which operates from the comfort and security of air-conditioned offices, allow this hapless boy to fulfill his dream? The story of 23-year-old Manini Devta is much the same. She had married SGO jawan, Kanhu Charan Devta in 2006. A year later, she gave birth to a baby boy. The family was a picture of happiness. But a landmine blast on July 16, 2008, at MV126 village changed everything. Kanhu died aged 26, leaving behind his young wife, one-year-old son and his old parents. Her entire life still ahead of her, Manini is struggling to survive. She stays with her in-laws in a small dwelling unit in Malkangiri’s police colony. Kanhu’s old parents have been mental wrecks ever since they saw the lifeless body of their son. Manini tells B&E, “I don’t know what to do now. Though we have received an amount as compensation, we are yet to get a piece of land or a job as promised by the government. Whatever we receive as pension is exhausted in running to different offices in the state capital. It is becoming increasingly tough for me to handle the day-to-day household expenses.”

Manini is a graduate and she expects to get a job under the government’s rehabilitation scheme. However, it has been two years now and her application, and her hope, are lost somewhere under heaps of files dumped on the desks of the babus. This system reeks of apathy at every level. It is a system that leaves a martyr’s widow at the mercy of callous government officials. Doesn’t the family of a brave young man who died fighting those that are waging war on the state deserve better?

The situation is no better for lady constable Pratima Rout, a survivor of the Nayagarh massacre masterminded by Maoists. She has been subjected to ill-treatmen, cheating and mental torture by her own department.

Pratima, who lives in a one-room rented house in Khandapada Road in Nayagarh, is only too willing to pour her heart out. Having been treated most shabbily by the police force that she belongs to, she is seeking justice, but nobody has the time or the inclination to give her a hearing. On that dark night two years ago, Pratima was in charge of the magazines house when 300 to 400 Maoists barged into Nayagarh police station firing indiscriminately. She was shot four times before she fell unconscious. She was hospitalised in a critical condition.

Hear her story. “My condition was so bad that the doctors had given up hope. I had lost a lot of blood. While those that had sustained minor wounds were discharged after treatment, I was retained as a vein in my leg was torn. I continued to lose blood. After nearly a month and 18 days, the department informed me that I won’t get any more financial assistance and that I would have pay my medical expenses. I was really taken aback. I was at my wit’s end. I had no idea how I would arrange the money.”

Though her brother went to meet the Cuttack Superintendent of Police and he assured the family that he would intervene on Pratima’s behalf, nothing happened. Pratima and her brother took loans and used up their savings. They then went back to the department seeking help as she had to undergo four different surgeries. When Pratima met the district superintendent of police, he suggested that she should apply for a loan from the Police Welfare Fund (PWF). She applied for Rs. 20,000. The money was released promptly. But Pratima soon realised that she had been lured into another trap.

Read more......

Tuesday, July 31, 2012

The Sensex, change is the only constant factor

At the Sensex, change is the only constant factor. B&E presents a quick analysis of some new behemoths, those whose positions are under threat & some potential new entrants

Amongst the other strong newcomers are names like TCS, Bharti Airtel, NTPC, HDFC Bank and Sun Pharma. TCS is another interesting tale. The rise of IT exports from India did help it become a part of the Sensex (joining the likes of Infosys and Wipro) starting June 6, 2005, but it was its unique focus on better cost and profit management (to make management more efficient it is the only Indian IT firm to deliver fragmented IT services, and use earned-value based profit centres for evaluating performance and a fixed-cost project delivery model which allows projects to get overloaded by 10-15%) that has made it the current darling of investors. While ONGC has become a case study of how to overcome successfully the declining production of oil and natural gas by timely investments on offshore explorations and technology upgradation, despite having stayed away from an integrated model (a regular feature of big oil companies), there are two firms which rightly deserve their place in the Sensex for having reflected the growth of India in their respective sectors – Bharti Airtel (telecom) and Sun Pharmaceuticals (generic drugs). While Bharti’s rise in mcap was accompanied by its sustained growth in subscriber base (becoming the 5th largest mobile operator in the world in terms of customer base), for Sun Pharma, it is the efficiency factor which makes heads turn – the company’s profit margin at 0.79 is the highest in the industry, higher than the top three drug sellers in India - Ranbaxy’s 0.32, Cipla’s 0.22 and DRL’s 0.26. Last year, it was India’s 10th largest drug seller (sales of Rs.19.33 billion), but the most profitable (bottomline of Rs.13.84). Investors love profits. Sun Pharma is proof. While speaking to B&E about Sun’s arrival on the Sensex stage and creation of wealth, Uday Baldota, Sr. VP, Sun Pharma, says, “Being known as a company that features strongly in the Sensex is not very critical for Sun. But we work towards maximising long term shareholder wealth.”

There are however some new entrants which stand in danger of being removed from the Sensex (based on the Scrip Selection Criteria), if the list is refreshed as of date (as on September 9, 2011). Some of these names include the likes of DLF, Maruti and JP Associates. While the fortunes of DLF and JP Associates are dependent on the vagaries of the realty market, that a sword dangles above the neck of Maruti is an outcome of the slowdown in the auto sector that began in Q2, 2011. When B&E questioned Mayank Pareek, Managing Executive Officer Maruti, on the weakened sales which has got investors worried, he replied, “We cannot mindlessly target volumes and compromise on profitability. We are a Sensex company, and it is our duty to keep the shareholder interest in mind.” Another element to watch out is the potential list of companies that may enter/reenter the Sensex list. And names like IOC, NMDC, Axis Bank, HZL, MMTC, GAIL, SAIL, Axis Bank and Nestle, are the favourites in this regard. Going forward, the transformations will continue. Some will waffle, some will come unscathed from the worst of market conditions. And needless to say, a decade hence, the Sensex will look much different. But as in the past, there will be new faces, those which radiate calm in the stormiest of business cycles. For panic only destroys investor faith.



Wednesday, July 20, 2011

A Hollywood Sojourn

To celebrate 100 years of Hollywood, Ganjam along with Tasveer and Magnum hosted a rare photographs collection of yesteryears’ stars like Marilyn Monroe, James Dean, Audrey Hepburn, Clark Gable and Elizabeth Taylor. The pictures displayed were captured by some of the world’s ace photographers like Robert Capa, Dennis Stock, Eve Arnold, Phillipe Halsman, Burt Glinn, Martine Franck , David Hurn, Marc Riboud etc. The event was marked by the presence of Bollywood star Sharmila Tagore, who is also the Chairperson of the Central Board of Film Certification. In all, the event was received considerably well by art enthusiasts as many of the photographs exhibited creditably qualified on the heritage factor too.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2011.

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

For More IIPM Info, Visit below mentioned IIPM articles.

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Thursday, July 01, 2010

BIG OCEANS ARE RULED BY BIG FISHES

Independent agencies have always remained but it is the multinats that have the scale to train talent and reorient clients for tomorrow

For the last couple of years independent agencies have been in the news. More than half of these have been started by creative people who left bigger agencies to start operations. Suddenly everybody is wondering what this development means from a the long-term perspective. In my opinion, the course of independents gets decided by the vision of the bigger agencies. They are the ones with a window to where the world of communications is headed.

In their early days of going global, many multinationals in many markets made the mistake of parachuting large numbers of ex-pats to duplicate their creative magic at the other end of the world. This left a huge gap for the rise of independent agencies that understood local cultures and made intuitive connections with local consumers. Wiser with their experiences elsewhere, in India, multinationals have nurtured local talent over decades. The result is that the creative work from multinationals has not only grown, but also has a distinct Indian flavour. Indian arms of Leo Burnett and O&M have been Agency of the Year across global networks. So even as more small fish swim by, the big fish in India have evolved.

As far as independent agencies go, they will continue to crop up and win some businesses. Many of these wins will be based on the illustrious past life of their creative founders while working for multinational agencies; and specifically on personal client relationships. But independents that want to grow beyond a clutch of accounts and achieve scale will have to go in for tie-ups. As client base grows, an agency needs the best creative pool working with it. Multinationals stand a better chance of attracting and retaining fresh talent with better pay scales, opportunities and training. At the end of the day, it’s a big ocean out there. And big oceans are ruled by big fishes.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

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

For More IIPM Info, Visit below mentioned IIPM articles.
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Thursday, February 28, 2008

“Correlation of gold is very low with equity markets; a gold ETF actually provides stability to the portfolio.”

The factual answer is, as Kotak would vindicate, an obvious no! It’s quite clear that customers are not investing that avidly in gold ETFs. Is a fear of volatility, or the rising Sensex the reason? Benchmark’s Mehta disagreed, saying, “Correlation of gold is very low with equity markets; a gold ETF actually provides stability to the portfolio.” Jain of Kotak gave a supporting perspective, “Since the time we have launched our product, gold has reached $666 levels from $640 levels (upside of 3.5%) & correspondingly, Sensex has moved from 14,500 to 15,500 level (upside of 7%).” Considering the amazingly low risk attached with investing in gold, even a return that is half of that in equity markets is quite respectable.

Th e truth is, investors are simply not aware of gold ETF schemes. “The awareness of this type of investment vehicle is still low. Also, if the exchange traded funds have to reach the rural public & masses, things like, account opening procedures & documents should be kept simple,” says S.I. Kannan, analyst with Kotak Commodities.

Unless SEBI, AMFI & our Finance Ministry take proactive steps in educating investors about such a terrific investment vehicle, gold ETFs would remain dismally unknown.
For Complete IIPM Article, Click here

Source:
IIPM Editorial, 2008

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