Mahesh Gupta (Founder and Chairman, Kent RO Systems ltd.) tells Schweta Chaturvedi about The Voyage of Discovery That Enabled him to Touch Unexplored Shores

Asked to what extent rewards play a role in motivating people, he avers that “motivation to my mind is a very negative term. Whatever motivation you give today becomes a demotivation tomorrow. Bring in belongingness instead of motivation.” If you succeed in doing that, he is your person. Though, the challenge is to implement it in big organisations, he points out.

Highlighting the future path, he says much needs to be done as penetration of water purifier is only four per cent in India at present. More such appliances are required. Kent strives to provide people quality water, air and fuel and its future endeavours will be towards innovating, evolving and producing better products.

Mr. Gupta, however, feels that family should not be neglected in this process. “I still need to achieve a balance between my work and personal life. Though I often get away by saying I am a workaholic and at least not an alcoholic,” his prompt reply left us in splits as we took his leave. Read More..

Read More IIPM Related 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

A Report on Endeavour 2011, an Initiative by The Students of IIPM-Bangalore in Association with Industry Experts to bring to light The Formula to Acquire The Right Talent for an Organisation

The emphasis was on the need for change in nomenclature of recruitment and staffing, which can be replaced by ‘strategic talent management’, because an organisation has to be very strategic in its approach for attracting the right candidates. Mr. Arjun said, “48% of social media users update their facebook or twitter at bedtime or when they get up in the morning. You get access to talent at just anytime.”

Another point of focus was that it must also be people centric in understanding the aspirations of the Y generation. On this Ms. Deepa said, “It does not matter what jobs we have, you tell us what you are interested in and we will find you a job with us.” The topics under the spotlight at the seminar were: Becoming a Talent Magnet: To ensure that you get the right mix of candidate types, study workforce demographics and adapt to the labour pool’s evolving perceptions of career types.

Leveraging Technology & Social Media: The social networking sites mostly used by companies for recruiting is LinkedIn, followed by Facebook. Recruiters have embraced the power of their Applicant Tracking Systems.

Evaluation of the Strategic Impact of the Success of Talent Acquisition: A good TA process could always help an organisation to hire better employees and improve the recruitment ROI. Read more...

Read More IIPM Related 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

PotpouHRri for Management’s soul!

Bernice Johnson Reagon had said: ‘Life’s challenges are not supposed to paralyse you. They’re supposed to help you discover who you are.’ B. Muthuraman, Vice Chairman of Tata Steel and Presidentof CII, has discovered that being true to oneself is most important when facing life’s challenges. With an association of close to half a decade with Tata Steel, Mr. Muthuraman, who joined as a Graduate Trainee, has been the cornerstone of success for Tata Steel. Under his leadership, the century-old steel maker went global, through plant acquisitions in plants at England, Thailand, and Singapore. With Mr. Muthuraman having spearheaded Tata Steel’s major diversification projects, the organisation is now recognised as amongst the top 10 in the world, and has established its commercial presence in 50 countries. Along the momentous journey, Mr. Muthuraman was recognised by Ratan Tata with the Jamsetji Tata Award for Lifetime Achievement for Quality in 2008. This veteran took his first steps into the corporate world after studying English Literature from Madras Christian College and Metallurgical Engineering from IIT Madras. Soon after, he joined Tata Steel, working with the manufacturing of iron and steel, before he moved into Marketing. By 1975, he felt a need to broaden his learning horizon, and reach out to further opportunities in Tata Steel. This guided him towards his MBA from XLRI’s Business Management (Evening) Programme, even as he continued to work during the day. Click here to continue...

Read More IIPM Related 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

Assocham Organised a National Seminar on Corporate Social Responsibilities for Sustainable Business

Continued...He said that these measures need to be sustained and pursued to their logical end so that they bear the desired fruit. He added that the global financial meltdown exposed the inherent weaknesses of financial structures that were once considered strong and healthy and considerably altered the focus of policy discourse in the world. He commended the fact that India has recovered its growth momentum much faster than most others.

While on the one hand he expressed happiness about the fact that the deposit rate and credit growth in the banking sector have recorded growths of 15 and 21 per cent respectively, he also made known his concern about the issue of asset quality. He told the gathering that NPAs during the year 2010-11 had increased as against the previous year.

Mr. RN Dhoot, MP, Rajya Sabha and SVP, ASSOCHAM said that India will cross the magic milestone of three trillion dollars by 2020. This will happen because of a strong banking system, and assured the audience that ASSOCHAM will carry a lion’s share in making inclusive growth a reality.

Speaking about the challenges being faced by public sector banks, Mr. J. M. Garg, Vigilance Commissioner, Central Vigilance Commission said that because fresh recruitment was banned, banks are not able to find enough talent at the middle level. He suggested that banks should recruit young people and train them in the next four or five years, so that they can be placed at various levels to overcome the gap.

The session was also addressed by Mr. Narendra Jadhav, Member, Planning Commission, who said that banks will have to play a crucial role in the 12th Five Year Plan to be centered on the social sector, particularly on health, education and skill development. For these, a significant amount of credit support would be needed. Continue..

Read More IIPM Related 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
P rofessor 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

ISRAEL-RUSSIA WAR OF WORDS: SPAWNS GENERATIONS... LITERALLY

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

Is it religious proximity? That doesn’t seem to be the case as Georgia is a certified orthodox Christian state compared to the predominantly Jewish Israel. While one can easily trace deep relations between Israel and Georgia – be their arms trade or the presence of Georgian Jews in Israel – what slips under the carpet magnanimously is the fact that important political leaders of Israel and Georgia are actually blood relatives. For information, the chairman of the Georgian parliament’s Foreign Relations Committee Lasha Zhvania has an Israeli Jewish mother. God rest her soul, the grandmother of scam-fam Israeli Ariel Sharon is buried in Georgia. The ubiquitously sweet Georgian defence minister Davit Kezerashvili, holds the citizenship of, god rest our souls, Israel!!!

Strangely, despite its Pravda-driven spiel [Pravda skims close to being certified a lunatic bandwagon, with the past month’s chief story, for example, being Condoleezza Rice’s Sexual Worries], the Russian political powerhouse actually is still a big supporter of Israel. It’s not just about the recent acceptance of a visa free regime between Israel and Russia, even Russia’s nuclear fuel supply to Iran’s Bushehr nuclear plant – despite US rhetoric – is in fact an extremely clever move to dissuade Teheran from enriching its own fuel.

But as they say, there’s only this much that Putin can take, and there’s only that much that Israel can flirt with. Till the time Israel looks beyond US influence – and dare we say, even their mothers and grandmothers – and realises that Russia is actually on their side, this great nation might actually end up in creating their biggest foe in history! For hell hath no fury as Putin scorned, and it doesn’t require Einstein to know that!

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

EU DEBT CRISIS: WHO’S NEXT?

Ireland’s Rescue has Failed to Stem off Market Tensions from Euro Zone. B&E talks to Experts, Including the European Central Bank, to Analyse who will be the next Victim of Sovereign Debt Crisis. 

While Portugal is likely to be forced to go for a bailout, Spain still stands a fighting chance of avoiding the same fate, given that its current trends in bond yields come to an end soon. But then, things don’t look good here too. Ten-year bond yields on Spain have already jumped above 5.5% and are at the record high of 260 basis points just behind spreads of 400 basis points for Portuguese debt, 620 for Ireland, and 890 for Greece. What’s more? Spain’s gross debt will be over 60% of GDP this year (at 63.5% of GDP), which is the EU threshold under the Stability and Debt Growth Pact. In fact, with unemployment rate hovering over 20% and the budget deficit at 11.2%, possibility of Spain’s being the next epicenter can’t be undermined, particularly if Portugal asks for a bailout.

This is surely a big concern for European policymakers as it not only poses a threat of a much deeper recession than one recently experienced (when euro zone total output fell more than 5% peak to trough), but also raises questions about the survival of the single currency area. Raison d’être: The fourth largest economy in the euro zone would require more than $535 billion in bailout (way above the bailout packages of Greece, Ireland and Portugal put together) to see it through the next few years. This eats up more than half of the $1 trillion combined EU-IMF rescue fund, with only a little left over after the other three take their share. Not to say what will happen if another nation joins the beleaguered bandwagon (which has the highest probability). This certainly calls for an immediate action, both by the respective national governments as well as EU. Though both the nations have decided to cut upon their spending to bring down spiralling budget deficits (while Spain plans to cut its budget deficit to 9.3% of GDP this year from 11.2% in 2009, Portugal plans to slash it to 7.3% of GDP, from 9.4% in 2009), it will take them years before that actually happens (interestingly, EU’s threshold limit for fiscal deficits is 3%). Thus, as of now, a bailout seems to be the only possible answer to their miseries.

But then, bailouts too, in any case, are not the permanent solution since they only kick the ball down the road. The only stable remedy to Euro zone’s fiscal woes is a structural reform with national governments showing steadfast commitment to reducing budget deficits. It’s not as if the ECB doesn’t realise the magnitude of the fiscal troubles in Euro zone. In fact, Jean-Claude Trichet, President of the ECB, tells in a communiqué to B&E, “I would say that, for all countries, it is extremely important to substantiate the decisions that would allow the goals for fiscal deficit next year, i.e. 2011, to be attained, also taking into account what is going on this year, of course. But I am concentrating on next year. This is the very, very firm message that we have for all countries, including Portugal and Spain.”

No doubt, EU has proposed the swift implementation of comprehensive consolidation plans, focusing on the expenditure side and combined with structural reforms, which will strengthen public confidence in the capacity of governments to regain sustainability of public finances, reduce risk premia in interest rates and thus support sustainable growth over the medium term, but then isn’t EU a little late in proposing these measures? Well, we would say … S#!t happens, when PIGS come out in the open!

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

SUPERBIKES IN INDIA: GROWTH TREND

The Superbike Segment in India is beginning to open up as Incumbents and New Entrants fill up gaps in The Market. B&E’s Sanchit Verma does a Quick Stopgap Review before the Number Game Begins

 

“There were around 1000 super premium bikes sold in 2009 and 2009-10 is going above at the rate of 20% and the reason for it is that the GDP growth rate is about 9% for the youth population and that too, a well earning youth population,” says Sanjay Tripathi, Director of Marketing, Harley-Davidson India. The latest buzz is that BMW would be announcing their motorrad luxury bikes by the end of the year, which will start with a price tag of whopping Rs.1.8 million. Hendrik von Kuenheim, General Director, BMW Motorrad, commented, “We are confident that our motorcycles and will swiftly become established in timely preparation for the growing market.” BMW, which made its successful entry into the Indian market with its luxury cars, seems confident about their reentry into the the luxury bike market after the failed launch of BMW Fundaro 650. The luxury market currently stands at 1% of the overall market. A spokesperson from Honda 2 wheelers comments, “Last year, we sold around 70 units across India with only two operational setups in Delhi & Mumbai. This year, we plan to sell 100 units.”

Most of these superbikes are at such hefty prices that the rational minded would prefer buying quality four wheelers for that kind of money. But superbikes are not expected to sell on the rational appeal in India as much as they would for the thrill and the oomph factor, to those with huge disposable incomes. Globally, the scenario is different as bikes are only used for special occasions or sports. But in India, motorcycles have become a regular mode of commuting. One would doubt that the masses would actually be able to enjoy the experience of these bikes on Indian roads. But fanatics have gone through thick and thin to get them nevertheless – be it by paying heavy import duties of about 113% for unregistered bikes and about 153% for registered vehicles – facing government issues like getting it passed through ARAI and also attaching a ‘Sarre guard’ and ‘front plate no.’ to make it legal.

On another front, while traditionally, Indian players have offered bikes in the 90cc to 250cc range (with Enfield the exception with a 500cc offering), the next level starts only with an 883cc Harley-Davidson or a 1000cc CBR. Recently, the gap has been filled by Garware Motors, which announced Hyosung’s re-entry in India with a 650 cc superbike, which is currently under Homologation process. “Beyond the 250cc segment, only the Royal Enfield was available with 350cc and 500cc and after that, the only models available are 1 ltr plus. So we thought we would fill in the gap,” predictably accepts Diya Garware, MD, Garware Motors.

With Aprilla, MV Augusta and BMW Motorrad currently in talks with a local importers and companies like Harley and Hyosung planning their CKD units, it seems that the sector is well on its way to opening up and more such gaps should be filled, taking the superbike exhilaration to a larger audience. Like other sectors, players would ultimately learn to adapt to Indian price sensitivities and penetrate deeper in the market. And then the next big demand from this growing superbike community could well be relaxation of speed limits on Indian roads. That may take quite a while though.

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