Developed nations are passé, India should hunt for new export markets

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If you have come across Assocham’s recent study, which says that a percentage increase in the India’s trade partners’ GDP increases India’s exports by 14% to those countries, then we have one more viewpoint, or rather a concern, to add to it. No doubt, it’s a great co-relation which has been established, but a closer look will prove that the study only reveals that good times are bidding adieu.

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

Amar, Akbar... What’s his name?

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He has the unique distinction of serving as Kerala’s chief minister thrice. He was the youngest state Congress president at 32, and also the youngest chief minister of Kerala at 36. But he resigned from the post when Indira Gandhi decided to contest the Lok Sabha by-elections from Chikmanglur in 1978. It was a decision based on his principles and he preferred to bow out of the party than compromise. He joined the CPM, though he was not comfortable with their ideology. He was subsequently brought back into the Congress by the then Kerala strongman, K. Karunakaran. Interestingly enough, he had sided with Indira Gandhi’s faction when the congress split in 1969.

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

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Write to Jack Welch & Suzy Welch at editor@businessandeconomy.org

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But there was another boss too, board chairwoman Patty Dunn, who was reaching out to some employees with her own agenda and deploying company resources. Thus HP was being run by two leaders, a dynamic that can easily lead to confusion or, worse, employees shopping around for the answer they like best. Ironically, while this was going on in early 2006, a respected national rating service awarded HP one of the best governance scores in the high-tech industry. Dunn herself was asked to give a keynote speech at a conference about governance best practices.

But the situation at HP was untenable. A board’s job is not to micromanage a company; they just don’t have the time. Yes, a board should have a lead director to pull the members together and create an independent voice. But a lead director is not an alternative CEO. Instead the board, united by the lead director, has one key role: It should use its collective wisdom, judgement & common sense to pick the CEO and provide him/her with constructive challenges, insight & support.

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

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Connery is still competition, Craig!

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‘Is Daniel Craig ready to be the world’s sexiest spy?’ While Parade finds answer to this question, the latest poll conducted by the SFX magazine, Sir Sean Connery has already been voted the Best Bond of all times and his film – Goldfinger – the best movie of the series. Unless Craig finds time off modeling for magazine covers, he’d have a tough time standing up to the best one...

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