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Friday, October 31, 2008

Change beckons


Now IIPM's World-Class Education... for everybody!!

The tectonic shift in power equations did not end with the auto sector. Even in consumer durables the First World has lost out on its stronghold


From 1945 till the early 1970s, American and European consumer durable players were dominating the sector globally. GE, Westinghouse, Maytag, Whirlpool, Electrolux, Thomson, Philips, Grundeig, to name a few were at the forefront of the durable sphere of the world. However, during the mid-60s Japanese players like Sony, Toshiba, Hitachi and National arrived on to the scene. But these players were treated in a derogatory manner by the western consumer durable giants. They were considered to be poor quality imitations by the western consumers. Only the less affluent could afford their products; the premium class looked down upon them. And at this juncture, players like LG & Samsung were never even heard off.

But gradually by the late 1960s a kind of shift started taking place. Japanese players started improving the quality of their products. They came up with well though-out strategic & marketing plans. Suddenly, by the early 1970s, one could see consumers’ outlook towards these companies changing. A tectonic shift in the power equation happened with the launch of the Sony Walkman, which is heralded as the harbinger of Japanese supremacy in the durable space. After Walkman, innovation was no longer the domain of just the western world. The Japanese had arrived with a bang. Sony’s rise is heralded as the rise of not only Japan but had also of Asia in this sector.

According to Jagdeep Kapoor, CMD, Samsika Marketing, “There were mainly three reasons for the shift in consumer preference from American & European goods to the Japanese – affordability, quality and the sense of novelty. And 1973 was a period when consumers wanted innovation and quality and were not bothered where the brand was coming from. US marketers failed to create adaptability between the brand and the consumer. The Japanese took advantage of this and therefore succeeded.

Till the 1990s, Japanese players completely dominated the durable space and the American & European players were nowhere in the picture. However, by early 1990s, the Japanese economy went into a tailspin, another shift occurred and this time it was the Korean chaebols LG & Samsung that took the electronics world with surprise. In just a matter of few years, they overthrew Sony and became the top two globally. The 1990s and the first decade of 2000 have been completely dominated by LG & Samsung. But by 2010, another shift will happen that has already started to make waves.

Indian & Chinese consumer durable companies are now inching their way upwards to book their seats in the top echelons of consumer durable space. Chinese players Haier (with its acquisition of Maytag) & Lenovo (with its take over of IBM’s Personal Computing Division) are creating ripples globally. Currently, Haier is the no. 2 player in the US.

Indian companies are not too far behind. Videocon has already taken over Thomson’s picture tube unit and the marketing rights of the iconic Electrolux brand in India. Despite its failed attempt to acquire Daewoo Electronics Corp. of Korea, it has not given up on its acquisition spree. The company is now making waves after announcing its intentions to buy Motorola’s handset unit. Even players like Godrej Electronics, Mirc Electronics (owners of Onida) and BPL are making strong comebacks. Undoubtedly, the next few years will see the rise of Indian & Chinese players in this space. The tables have decisively turned!

By vareen ray

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...


Monday, October 20, 2008

RON SOMERS - Building bridges with diplomacy


IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

RON SOMERS
Building bridges with diplomacy


Ron Somers, a known figure in Indian Business circuit has previously served in Unocal Corporation as its CEO in India where he helped develop business opportunities in India’s promising energy market. Prior to that, Ron Somers served as MD of Cogentrix Energy, where he facilitated the setting up a 1000 MW electric power project in Karnataka. Currently, Ron serves as head of the Manhattan India Investment Roundtable in New York that comprise of the top 20 Fortune 500 financial service institutions, banks & insurance companies investing in India. A seasoned India-hand, Ron will be India’s man in Washington in the coming decades. His relations with Fulbright Scholarship endowment program will also help Indian students make it big in US. In fact, Ron is known as a ‘Friend of India’ in the US business circuit. Payal Tak, one of the leading women entrepreneurs in Washington area says that Ron is “one individual who is the primary link between the US and India and is a man who has potential to change the dynamics of the relation between the two countries.”

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...


Tuesday, October 14, 2008

KIRAN KUMAR GRANDHI - Port of good hope


IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA

KIRAN KUMAR GRANDHI
Port of good hope

TheKIRAN KUMAR GRANDHI first glimpse for many foreigners coming to India for the Commonwealth Games (CWG) 2010 in New Delhi will be its modern and swanky airport in Delhi. And working hard and fast to complete it on or before time is Kiran Kumar Grandhi, the Managing Director of Delhi International Airport Pvt. Ltd.

If the performance of Grandhi as MD of GMR Hyderabad International Airport (GHAIL) in launching the Rajiv Gandhi International Airport, Hyderabad, is any indication, the visitors to the CWG 2010 will be pleasantly surprised. The airport was built in record time and will break-even in 2-3 years. To manage the PPP between GMR Group, Malaysia Airports Holdings Berhad, the state Government of Andhra Pradesh and Airports Authority of India (AAI), Grandhi had to draw on lessons learnt from his father, GMR Group Chairman & MD Mr. G.M. Rao. Aligning the board members and the government nominees was testing for the young man, just twenty eight years old at that time. The airports segment contributes over one-third of the group’s revenue and growth, and the group plans to expand strongly in non-aero businesses, as well as expand geographically in south-east Asian countries. In addition, the company will set up a 3300 acre SEZ (Special Economic Zone) in Tamil Nadu. The group also plans to venture into the IT arena of Business Services Provisioning.

At the age of 21, Grandhi joined the family business and never looked back. His guiding principles have been perseverance and focus to deliver a quality product that meets world-class standards. Grandhi is surely going to need all this to put up a good face when the visitors start coming in for CWG 2010.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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


For More IIPM Info, Visit below mentioned IIPM articles.
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...


Friday, October 03, 2008

Health is Wealth


IIPM - Admission Procedure

‘Health is wealth’, and for those million of poor people ‘health is the only wealth’. The sole principle of the Bhore committee ‘no individual should fail to secure adequate medical care because of inability to pay for it’ remains unattainable in the country shamefully even after 60 years of independence. The Bhore committee in 1946 had recommended achieving minimum 567 hospital beds, 62 doctors, and 151 nurses per 100,000 populations. Unfortunately, the country has achieved 40 doctors, a mere 100 hospital beds per 100,000 populations. Thus it results in 2.2 million plus infants dying every year, 407+ mothers die due to pregnancy related causes for every 100,000 live births even today, 540 maternal deaths per 100,000 live births, over 0.5 million people die every year due to tuberculosis et al. Major damages happen to the rural India where health facilities are beyond the reach of common people.

Unfortunately, in such a big country like India, there are about 22,400 primary health centers, 11,200 hospitals, and 27,400 dispensaries. Though private players’ penetration has improved the health facilities in India, Bharat remains deprived of it. The country of a billion plus population has around 1.5 million doctors, 0.9 million nurses. Inspite of the fact that the rate at which India is producing MBBS is very low; limited seat availability for post graduate programmes is forcing many pass-outs to choose foreign destinations. In order to produce more quality doctors, 75 AIIMS like institute should be opened across India. In order to provide million of people medical facilities under one roof, 75 Special Hospitals Zones should be started, wherein almost all facilities and equipment should be available. Moreover, these Special Hospital Zones should have almost all form of specialised department. One more indicator to add salt to the wound is inadequate health insurance coverage where barely 3% of the countrymen are covered by social or private insurance.

However, the importance of health can never be ignored. Failure to provide health facilities will simply break the very foundation of the society. Hence increasing the numbers with adequate public-private partnership will help achieve at least what Mr. Bhore recommended 50 years ago.
For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...


 

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