Saturday, January 19, 2013

Japan the new Iran?

Japan is distancing itself from the US and affirming its own foreign policy. Is this the start of a new political order?

As Yukiya Amano, a Japanese, takes over the Director General’s post in the International Atomic Energy Agency (IAEA), what should have been actually a booster shot for America’s fight against renegade nuclear loose cannon countries like Iran and North Korea has become more of a hanging question, with policy circles undecided on whether America actually supports Amano or not – in fact, the question is, does America support Japan anymore or not? The immediate provocation goes back to an article published in Washington Post on October 22, 2009, where a US State Department official was quoted radically stating, “The hardest thing right now [for America] is not China, it’s Japan.”

For a country which has been a staunch ally of US for more than a sixty years and for a country which still calls its armed forces as self defence force, thanks to the stigma of the 2nd World War and the restrictions imposed on it by the Security Council, one might ordinarily find it difficult to gauge as to what might have provoked such a change of heart among the US officials. The growing Chinese military and economic prowess and its hush-hush global ambitions are known to many. But is Japan, the country with the second largest economy in the world and one which till now has deliberately never leveraged its economic prowess for military ambitions, about to change?

To understand the changing paradigm of this relationship, one has to take into account the fact that one of the key aspects of the Japan-US relationship was and is the Japan-US Security Treaty. This treaty signed in 1951 and coming into force in 1952, though going through several reforms, continues to be the pillar of bondage between the world’s top two economies. With changing times, the end of Cold War and a phoenix like rise of China, this relationship too was supposed to go for a change for the positive. In Asia, US had always consistently seen Japan as not only a trusted ally but one which would be of great help to contain China both economically and military. The massive US military base in the Southern Japanese islands of Okinawa, being in the proximity of Taiwan and China, essentially works as a safety valve to keep China and others on leash.
 

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

For More IIPM Info, Visit below mentioned IIPM articles.

Friday, January 18, 2013

My MBA education complements my marketing responsibilities...

Jitin Prasada, CMD, PI Indisutries Ltd. & Union Minister of State for Petroleum & Natural Gas

B&E: Lawyers have dominated Indian national politics since the days of India’s struggle for independence. However, today, the new council of ministers has many MBA-qualified leaders. Is there a cultural shift occuring?

Jitin Prasada (JP):
I would like to see this in a different way. For those entrusted with responsibility through electoral politics, a good educational background always helps, whether it is a law degree, a management degree or some other qualification. You would recall that not too long ago, most government heads in Latin America were alumni of Ivy League Institutes of the United States. But at the same time, in a democratic set-up of governance like ours, the real education comes from working amidst the people by seeking to understand their concerns and trying to provide solutions acceptable to them.

B&E: The MBA degree is thought to be one of the most prestigious and coveted in the world. Does it add value to your political career as well?

JP:
I have already mentioned that a good education always helps. To take conscious and judicious decisions, an admixture of proper education and a sense of ground-reality is always helpful...

B&E: An instance from your life which proves the same...

JP:
During my stint as Minister of State for Steel, a conscious decision was taken to launch projects of Steel Processing Units in the backward rural areas of the country, where the raw material linkages were unavailable. The idea was to invigorate the rural economy, so that such projects act as multipliers to catalyse economic activities in these areas. Also, recently we launched the ‘Rajiv Gandhi Gramin LPG Vitrak Yojana’ again, with the objective of taking the cleaner fuel to the rural areas. Furtheron, my MBA education complements my marketing responsibilities for the OMCs that I have today. We have been striving hard to attain maximum customer satisfaction through new initiatives like SMS LPG booking, Smart Card project for kerosene oil etc.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay 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)

Thursday, January 17, 2013

The publishers watch out...

As price wars between booksellers heat up, the customers rejoice and the publishers watch out...

If there has ever been a time when investing one’s time and effort in the fine arts has paid off, it is now. In literature, becoming the best-seller is every author’s dream, whether or not the awards pay attention. Popular author Chitra Banerjee Divakaruni counters, “An award is surely more important than a book becoming a best-seller, as it is an endorsement from critics, peers and the literary milieu of the fine quality of the writing. But, writers who are interested in creating popular fiction rather than literary fiction may not agree. In fact, winning a major prize often lands a book on best-seller lists.” Given that the vicarious pleasures of distant experiences painstakingly conjured and articulated by the author and conveniently folded into (the pages of) a book are priceless, the move to foist them off at dirt-cheap prices may sound brutal. And authors may have a lot to lose since the overall price at which their tales are sold would reduce, in turn affecting the margins they share for their books. The benefit, many feel, would be reduction in piracy, since cheaper original copies would be available. But, thankfully, books, unlike music, have a relatively lesser number of takers, and plagiarism happens to plague the literary world more than piracy.

Whatever said and done, ‘Customer is King’ is that clichéd privilege that we all love to cherish, but all we hope is that first element of this value chain, the author, earns his due and not lose to the middlemen who delude us by calling us kings!


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay 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)

Wednesday, January 16, 2013

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!


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay 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)

Monday, January 14, 2013

learning valuable lessons for its future

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.


Source : IIPM Editorial, 2012.
An Initiative of IIPMMalay 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)