life has been a dream for mos

Breaking away from a set pattern of life has been a dream for most, but these days many are living that dream too!

How prevalent is the trend of taking frequent diversions from our pre sketched-out life plans can be seen in the strategic tie-ups between nations for reciprocal working holidays. Australia has a tie-up with 19 nations (India isn’t a part of it yet) with a restriction on the age bracket so that people don’t further their career plans in the garb of these travel options.

People from countries that are not in the alliance list needn’t get disheartened, since a tie-up only helps smoothen the process… For an intrepid backpacker, there are country guides, hostel listings, travel insurance and helpful citizens (like me!) to help them through their journey. ‘Cheaper than the cheapest’ options are also available for those constrained by finances. Instead of hotels, surf for a couch offered on sites like couchsurfing.com by those willing to spend time with travellers and learn about their experiences. Peter Moore, a travel writer, has explored many such options and can’t forget the stay at a tattered but livable yacht with a couple in the backwaters of river Thames in UK. While air tickets are something one has to bear, there are those too who choose road trips for their matchless experience.

The world is full of options and people and places and dreams. But breaking away from the comfortable rut surely takes guts. But who’s asking to let go of the comforts forever? Steve’s back at home, and Natalie will be in another 3-4 weeks for, as of now, she’s diving off the coast of Egypt!

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Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
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
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)

BUDGET: PERFORMANCE-BASED BUDGETING

Budget process governed by 3Es - economy, efficiency & effectiveness

The world’s most successful countries like Australia, New Zealand, Singapore, Malaysia, UK, France, US, Canada etc. use quality/efficiency/effectiveness indicators to prepare government budgets. Most importantly, international institutions like the World Bank and IMF provide technical and training support to countries that want to adopt performance budgeting. For India, the largest democratic nation, it is high time we incorporate such a model. India then can aptly compare itself globally with key indicators, the way most developed countries have done so. Setting key social, economical and political achievements, it can frame strategies at a micro-level to attain them. In the present conventional budget, where there is no link between budget appropriations and outputs delivered, India can identify its desired outcome by preparing appropriate approaches incorporating a path to progress towards the budget.

Read more.......

Source : IIPM Editorial, 2012.

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

For More IIPM Info, Visit below mentioned IIPM articles.

2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
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
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links

IIPM : The B-School with a Human Face

Infosys has been definitely hit by the global slowdown

infosys has been definitely hit by the global slowdown, but it is also learning valuable lessons for its future, say virat bahri & arun roy of B&E

Part of that was thanks to the fact that the Lehmann debacle happened in the second half of the year. Moreover, the company managed a lot by means of cost cutting. Variable components of salaries were increased. Their reliance on repeat customers also came to their rescue. Also, rupee depreciation over the year was a welcome breather.

The challenge for Infosys would come now, in FY 2009-10. Recovery for the sector is expected to begin only by FY 2010-11. Understandably, the company has a relatively flat outlook for the current fiscal; with revenue projected to be in the range of Rs.214.16-217.47 billion and EPS to decline by 8.6-9.2% yoy. For Q1, 2008 -09, the company has reported a decline in revenues (in dollar terms) by 2.9% yoy to $1.12 billion. They did, however, manage a modest increase in net income after tax by 1.6% yoy to $313 million.

Meanwhile, the company seems to be getting aggressive with respect to diversifying its client base. Harit Shah, IT Analyst, Angel Broking, feels that the reliance on repeat business is not an issue per se; rather it is the fact that the company has clients like British Telecom (BT), which contribute a great deal to its revenues. Now when BT starts cutting IT spends the way it has over the past several quarters, Infosys obviously gets impacted. The company has added 27 clients in Q1 itself. Recent wins include Bancolombia and T-Mobile, UK.

Diversification in geographical spread and vertical presence is another challenge that the company wishes to take up. The problem here, again, as per Harit, is that emerging economies like India would take at least 4-5 years to contribute significantly to Infosys revenues. The same is true for verticals like retail, health care, transportation, et al. Investing in them will help, but one must not expect miracles.

Read more.....

Source : IIPM Editorial, 2012.

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

For More IIPM Info, Visit below mentioned IIPM articles.
 

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
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
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links

IIPM : The B-School with a Human Face