IIPM Admission

Wednesday, August 30, 2006

Mr. First & Fast Mover

IIPM PUBLICATION
It is all about reaching the right place before the competition does and C.K. Ranganathan has always been bang on with his strategies for CavinKare. Starting with a modest one product category in 1983, CavinKare today boasts of a broad product portfolio with a turnover of over Rs. 570 crore. While mass marketing formed the basis of Ranganathan’s strategy, innovation in products and different positioning from the competition laid the foundation of a successful venture. “In my view, an entrepreneur is a person who sees what everybody else sees, but thinks differently. He also takes a very calculated risk to achieve what he is aspiring for,” explains Ranganathan, and that’s precisely what he did with his strategy of selling shampoos in sachets (Chik!), an idea which changed forever the dynamics of how shampoos were sold in this country. Even when competitors were selling shampoo at
Rs. 2 per sachet, CavinKare virtually invaded rural India at 0.50 paise per sachet. With his out-of the-box strategies, today Ranganathan is a role model for every young entrepreneur. Here’s to the power of thinking big, but differently!

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Source :- IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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IIPM : $120 BILLION! WHAT MORE COULD YOU ASK!

Saturday, August 26, 2006

Flirtin’ with Flamenco...


IIPM BEST B-SCHOOL
Complementing the bailaora’s rose-tinged cheeks, her dress of the same hue billows at the end like a rose in full bloom; her hands and hips, as though oblivious to the literally breathtaking footwork, move with swan-like grace in tandem with the other senoritas, in the centre of all of whom, perched upon a stool, the guitarist produces mesmerizing music from his flamenco guitar… The essence of flamenco, however, is captured by the words woven together in the songs crooned by the cantaor, each reverberating with the anguish of commoners, which bled into the soil and till today lends the darkness and depth that at times makes people gasp and exclaim, “That has duende!” a compliment offered only for the most heart-rending renditions. In its 200 years, no other proponent of this art penned passions with such pathos as Federico GarcĂ­a Lorca. As flamenco lovers pay ode to his oeuvre upon his death anniversary this August 18, the annual tradition adds that special dash of salsa to the streets of Spain.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Thursday, August 24, 2006

Look where we stand


IIPM BUSINESS AND ECONOMY
Yet, what happened at Doha was not totally unexpected; the Uruguay Round (of which the Doha Round was more of an extension) also failed to come up with positive results, like many other plans which failed in the past. So, are people like Kamal Nath to blame for not reaching a middle path? Definitely not! In fact, it is because of people like him that the third world nations have not been bamboozled up the trade alley & ripped clean by the first world counterparts. And when developed and developing countries, the rich and the poor, the strong and the weak fight for the same piece of cake, it may have been naive to expect some kind of result from the dog fight. Carter was right: More than two third of the world’s population constitute the have-nots, and only a third have the power and money to influence economic policies, globally.

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Tuesday, August 22, 2006

Kindler faces an uphill challenge

IIPM PUBLICATION
For Hank McKinnell, whose greatest passions have been race tracks (participated in four mini-triathlons in Greenwich) and handling the reins of Pfizer, the world’s largest research-based pharmaceutical company, this was definitely not a finish he would have ever wanted. Pfizer’s board, on July 28, paved the way for Jeffrey Kindler, a top lawyer credited for providing still water to the rocky Pfizer boat by bringing a major legal victory (the patent protection case vs Indian firm Ranbaxy for blockbuster drug ‘Lipitor’ in December, 2005), to take over as the new CEO. And for McKinnell, it was a premature exit, as he was supposed to stay on as CEO till February 2008. However, he remains Chairman till February 2007.

McKinnell, 63, a Stanford Graduate joined Pfizer in 1971 and won a reputation of a ‘dealmaker’ after he helped Pfizer acquire Warner-Lambert & Pharmacia to make Pfizer the industry leader. Aft er three decades of wearing various hats at Pfizer, McKinnell became the CEO in 2001 – with a vision to push Pfizer to even greater heights. But McKinnell faced several daunting challenges – the first being pricing issues in the pharma industry and second, which continues to hit Pfizer, patent expirations for several blockbuster drugs.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Monday, August 21, 2006

Precious Pearls of the Ocean

IIPM BEST B-SCHOOL
Food is another sector with humongous potential, considering only 2% of agri-food is processed in India. Estimated to reach Rs.1.35 trillion by 2015, the food arena is brimming with promise. Riding on the crest of the wave is ITC, whose brands Aashirvaad Atta & Sunfeast have shown phenomenal growth. Referring to ITC’s Sunfeast, a HSBC report brings forth, that “ITC has been able to create a brand with annual revenues of Rs.7 billion.” Truly, it’s no mean achievement.

HLL’s debacle in the foods segment is known to everyone. Rumours have been rife that the company wants to sell off its famed Annapurna brand and exit the foods business, gradually. Sanjiv Kakkar, Executive Director, Foods Business, HLL clarifies, “We believe that the foods business presents our company with an exciting, long-term and sustainable business growth opportunity.” He added, “Annapurna is a large and integral part of HLL’s foods portfolio and we are committed to accelerate the growth momentum of the brand.” Mahindra & Mahindra, Reliance, Bharti and Godrej are all drawing huge plans in food business. According to a CII & AC Nielsen ORG-MARG report, changes in tastes and lifestyles are leading to increased demand for packaged foods. Surely, palate is going to be the next pasture for India Inc.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Wednesday, August 09, 2006

Who says MPs delay work? They took only 24 hours to pass a bill allowing criminals to contest elections

IIPM BUSINESS & ECONOMY
After musing for a while in the mid-90s, one day, former president R. Venkata raman observed that many woes could be spared if people read their job descriptions. The ‘90s have passed, but not much has changed since for our dear MPs, who might make it to the Guinness record list for the amount of bills left pending by them.

The primary task of an MP is to make laws. That is, pass a bill, and everything else follows logically. But, this has subtly receded over the years. Particularly, since voters began to avoid giving parties brute majorities in elections. The need to cobble together coalitions of parties with varying priorities, may be now affecting the job of making laws. Routinely, politicians rise to defend turf in the most hallowed of portals, the Indian Parliament. Arguments dominate, not debate. By the end of a session, there’s never much progress. This time, as the monsoon session of Parliament convenes (on July 24, 2006), there is a whopping number of 55 pending bills, four times the number of bills passed in the previous session.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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