Showing posts with label IIPM Admission. Show all posts
Showing posts with label IIPM Admission. Show all posts

Monday, September 10, 2012

HEWLETT-PACKARD: NEW CEO

The New CEO is a Software guy and has Prior Experience only in Enterprise Sales – A clear mismatch with the current philosophy of HP – The largest IT company in the World. Is he the right choice? 

From ethics to business. While at SAP, Apotheker helped build a global software enterprise sales unit. B2B was his frontier. He headed various divisions and revived SAP’s R&D platform, and kicked-off a glorious run of 18 quarters of double-digit software revenue growth, which ended in 2009. The agony for the hopefuls is that, at HP, none of these credentials will play the cushion. He is not known to be a people’s man – a fact which will not help inspire HP’s 30,000 employees, who have not been in the best of spirits under Hurd’s reign. To prove this, as per Thomson Reuters, HP’s revenue and net profits per employee for FY2009 stood at $406,335 (97.11% less than that the industry’s) and $28,405 (93.08% less than the industry’s) respectively. Says Sturm of EMA, “The immediate challenge facing Apotheker relates to employees. It is imperative that he takes immediate steps to improve employee morale & control key employee turnover. If he cannot do these, then his tenure with HP will be brief.” While HP is known for its hardware, distribution and B2C business, software is more of loose change (accounting for 2.8% of HP’s topline for Q2, 2010). And this is precisely what Apotheker has set out to repair. Expectedly, under him, HP’s focus on software will increase manifold. But with software, comes innovation. And Apotheker’s SAP files prove him a failure at it. Also, he has earned a reputation for establishing an environment at SAP, which focusses on high-cost and low return maintenance and support pricing, rather than profitable applications, despite the billions spent on innovation. The fact that he has also presided over product delays and has demonstrated ill-sense of pricing techniques (he angered SAP’s customers by increasing prices during the slowdown), also does not ensure better days ahead for the mass-pleasing HP; the foreboding danger being a repetition of what happened to SAP – HP might soon find competitors chiseling away its PC market share, a process which has already started. (HP’s global share during Q3, FY2010, stood at 17.5% vis-a-vis 19.3% in FY2009).

So what should Apotheker do? He has options. The most irresistible one will be not to tamper with HP’s pride – its hardware business – which he will, despite knowing that Hurd tried to give HP a software and enterprise business edge with its acquisitions of EDS, 3Com and Palm. But neither did the $13.9 billion EDS acquisition help HP make waves in the consulting & services business (where IBM is #1), nor did the $2.7 billion 3Com buy manage a dent in the network arena where Cisco rules. And as for the $1.2 billion Palm buy, everyone knows what an HP smartphone looks like (!).

Many claim that Apotheker might do to HP what Sam Palmisano did to IBM. But the truth is – the very imagination lacks logic. HP is not IBM. When IBM chose to go the software way, it was being sucked into a black hole, with its hardware business collapsing. It was then that IBM decided to shed the deadweight of its hardware unit. HP is in not in a similar situation by lightyears! It is the #1 IT company in the world (having made $114.55 billion in revenues in FY2009) and sells the largest numbers of PCs and printers in the world (claiming 37% of global market share in the printer segment as of Q3, 2010). What makes Apotheker believe that HP needs a makeover?

Whether he will take a dig on cloud computing is a wonder (as he has had his share of expensive failures in this regard while at SAP, burning $5 billion in two years), but what is inevitable, is that HP under Apotheker will join the battle to capture the enterprise space from the likes of Oracle and IBM. This would call for expensive acquisitions of players like SAP, Salesforce.com, et al, which will put big question marks on the ROI figure of HP, that is already lower than the industry’s (12.36 and 15.56 respectively).


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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Saturday, September 08, 2012

Priyanka’s multipurpose acting chops

Let’s face it: Anjaana Anjaani is not going to find a place on the list of her mentionable movies. And Khatron ke Khiladi (KKK) was much better off with Akshay Kumar. (In fact, KKK plans to rope back Akki for their next season). But hey, Priyanka Chopra has just been voted the most kissable star in Bollywood! She may be training to kick some serious butt in the upcoming Don 2, but that, Ms Chopra, should give you an idea of the kind of action most would like to see you in.


Source : IIPM Editorial, 2012.
For More IIPM Info, Visit below mentioned IIPM articles.
 
IIPM : The B-School with a Human Face
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Monday, September 03, 2012

UTV’s ambitions in the mobile space

Manish Agarwal was hired to drive UTV’s ambitions in the mobile space. He defends some critical factors, including fall in revenues and employee retrenchment

B&E: You have just completed a year in this organisation. How’s the work experience different from Microsoft India?
MA: This is a start up. Microsoft started in a garage. Thank god, UTV has a plush office and we are not sitting in a garage! Here you have 10 ideas; one may work, 9 may not. You need to have a vibrant evaluation environment and you need to be nimble footed. Agility is the key in this business.

B&E: Talking about ‘agility’, UTV New Media laid off 20 people last year. What led to that decision?
MA: In a start up, each of us is very clear about our roles. So one year later, we are very well entrenched with the Telecom operators, we have multiple technology partners. In web we have been able to shed the baggage of the past legacy and built an underlying common system, which even a Yahoo and Rediff is struggling to make. So the day we have 5 million or 10 million users across 3-4 verticals, they will all be interconnected and we will thus be able to cross leverage and cross profile people.

B&E: There has been a 34% decline in revenues from UTV New Media vertical. What are you doing to improve the numbers this year?
MA: This year, we are looking at ending the number at around `30 odd crore from `12 crore that we made last year. But I can say that we already have got those numbers in our pockets and therefore we have revised our internal numbers to that effect. This quarter also looks more or less in control. In this business what matters is not the 30-40% but a 2-3 years business and the bet you are taking, the scale of business you are looking at.

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



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Saturday, September 01, 2012

His strategy seemed to have paid off

O. P. Bhatt took over the reins of sbi when private players were catching up. He decided to go slow and his strategy seemed to have paid off. With SBI’s profits two times that of its closest rival ICICI Bank, sbi is far ahead of its competitors by any means

B&E: What steps have been takn by you to bring down the NPAs?
OPB: We are making continuous efforts to bring down the NPAs and we have restructured loans for the same. Then we have our Stressed Asset Resolution Centres (SARCs), which too work towards bringing down the bad loans. They identify assets as and when they get stressed and then start working on them to ensure that do not turn bad.

B&E: The bank has been able to bring down the cost of deposits from 6.16% in June 2009 to 5.27% in June 2010. How has it been possible?
OPB: It’s because we have been able to reduce our high cost deposits. We will try to lower the cost of deposits further and if we cannot do that, we will try to maintain the low levels that we have been able to achieve.

B&E: Do you plan to raise capital in the near future? If yes, how?
OPB: We certainly plan to raise capital in the future. However, we are still working on it. In fact, we have a plan to raise about `200 billion by the end of the current financial year. The capital would be raised by way of rights issue, which will keep the government holding unchanged. If we do not raise it by way of rights issue, then the other options are preference shares and FPO (follow-on public offer).

B&E: You just said that you are upwardly biased on interest rates. Does that mean that the banks will not give good offers during the upcoming festival season?
OPB: Banks can give good offers during the festival season and they will surely do that because the festival season draws a lot of customers and no bank would like to miss that opportunity. But then, the rate that they offer will have to be above the base rate.

B&E: RBI has made it clear that they do not have issues in giving new banking licences to industrial houses? Is this a bad news for the exsisting players?
OPB: This is a philosophical thing. There are arguments both ways. In my view, if an industrial house gets a banking licence then the onus is on RBI to see that the things are done in the right manner. We all know that we need more banking facility to achieve the financial inclusion goal. Hence, we certainly need more banks in the system.

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
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Wednesday, August 29, 2012

Hari Sadus can take a hike!

There’s a silent epidemic of workplace bullying... Is legislation the only way out?

There is good news for the bullied. In a recent initiative by the Workplace Bullying Institute (WBI), the New York Senate gave its preliminary nod to the Healthy Workplace Bill aimed at giving respite to victims of abuse, misuse of power, and misbehaviour in organisations. “Think Miranda Priestly in The Devil Wears Prada or C. Montgomery Burns of The Simpsons; bullying is an epidemic in American offices,” says Peggy Klaus, a communication and leadership expert, citing the WBI report that says 54 mn workers have been bullied. She adds, “Companies can’t afford disruption to productivity or potential lawsuits. In larger firms, bullies are generally weeded out at the mid-level before they get to the top.”

While lawsuits may be less common in India, the loss of productivity would get any employer worried. A victim of workplace bullying makes for the most defining case of a demotivated and frustrated employee, having been subject to unjustifiable criticism, social isolation, abuse, humiliation and constant public jokes in many cases. Not many can forget the advertisement of a popular job portal with ‘Hari Sadu’ as the boss, which went on to win the ‘Campaign of the Year’ award at the Consumer Connect Awards in 2006, and highlighted the fact that employees may very well go out and search for greener pastures as a final resort to a bully boss.


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Friday, August 24, 2012

Race to sign Priyanka!

Director Abbas Mastan is trying to rope 27-year-old Priyanka Chopra in a sequel of the hit action flick Race that was released in 2008. While Kareena Kapoor and Saif Ali Khan have already been signed for the movie, it is Priyanka’s sex appeal that’s drawing Mastan to get her on-board as soon as possible. Intended to be slicker than the 2008 film, with Piggy Chops it will definitely be sexier!


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Saturday, August 11, 2012

Next time you reveal your A/S/L (Age/Sex/Location), please watch-out for predators keeping an eye on you!

“There is a huge list of scams such as online earning proposals, duplicate websites, phishing and Spam e-mails, credit card frauds and EFT (Electronic Fund Transfer) frauds.

Globally, more than $6 billion are stolen from consumer accounts by attacks called Phishing, and the scale of such frauds in India is fast catching-up too,” says Advocate Vivek Tripathi. With the availability of Internet on the move via Blackberry, i-Phones and portable USB net devices, it has become a lot easier to log in as and when desired. Our passwords, e-mail accounts, bank accounts, social networking profiles and more can be easily hacked; and not only that, our status messages and personal information lead criminals to our doorstep with incredible ease. Revealing too much information on the net such as making your contact number and residential address public is unadvisable. The moment you update a status message conveying ‘off to ___’ through another computer or mobile, someone keeping an eye on you would know where you logged in from and how authentic your information may be. Guardians of the law and those safeguarding our personal interests recommend awareness and precautions on the Internet.

Technology is man-made and so are its hazards. It depends on the user of the technology as to how he/she takes control and uses it to the optimum. It may be noted that when mind-freak programmers and criminal minds join hands, they can stir-up a deadly concoction, which can easily give the gullible a ‘kick’




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Friday, August 03, 2012

Policy-BY-POLL: HISAR

There is already a buzz around as Hisar district in Haryana goes to poll on October 13. As speculations mount over who will fill in the shoes of Late Bhajan Lal, these by-elections will be the first real test for Congress after the Anna Hazare movement. 

As optimistic and relaxed as he may sound, the going is unlikely to be easy for the Congress on this seat, even history vows for the same. The party has won the Hisar seat only five of the 12 times in the Lok Sabha elections held in the state. Congress candidate and former MP Jai Prakash has won the seat three times, in 1989, 1996 and 2004, with tickets from the Janata Dal, Haryana Vikas Party and Congress tickets respectively. In the last Lok Sabha elections, Jai Parkash had to be contended with the third spot in the ballot tussle won by Bhajan Lal. Even otherwise, Hooda needs to prove that his government is popular after having come to power in the October 2009 Assembly elections backed by the support of independent legislators.

In the May 2009 elections, Bhajan Lal had won the Hisar Lok Sabha seat as a Haryana Janhit Congress (HJC) candidate by a margin of about 7,000 votes, beating the Indian National Lok Dal (INLD) and the ruling Congress nominees. This time around, the stakes for the three main players on the Hisar seat – the Congress, INLD and the HJC-BJP combine – are high as all parties are fielding their stalwarts who shall now try to fit into Bhajan Lal’s shoes. The seriousness of the contest can be gauged from the very fact that the main opposition INLD has announced the name of its leader Ajay Singh Chautala for the by-poll. Chautala, the son of former Chief Minister and INLD supremo Om Prakash Chautala, is a sitting legislator in the state. For HJC, & its new candidate for the seat – Kuldeep Bishnoi (who has been supported by the BJP) – the stakes are high – not only politically, but on a personal front as well. Bishnoi would definitely want to win this by-poll and retain the party’s hold over the area. However, his drawback is the fact that, it will be his first election without his mastermind father – his character will also be tested thoroughly.

If the HJC-BJP candidate Kuldeep Bishnoi defeats Ajay Singh Chautala of the INLD and Congress candidate Jai Prakash, the alliance would be cemented firmly for the 2014 Lok Sabha elections and the subsequent assembly polls in the state. In a way, the Hisar Lok Sabha by-election could well be an indication of the new change in state politics.

More than anything else, the Hisar polls are only a beginning of the test that Congress has to face in coming times. With elections approaching in Uttar Pradesh, Uttarakhand and Punjab within the next one year, the possibility of Hisar results reflecting upon the subsequent verdicts too cannot be totally ruled out.

Read more....

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Tuesday, July 31, 2012

Doesn’t pay to be ‘Sam-struck’!

Most Indians had hailed the nuclear deal with US as one of India’s greatest achievements. Instead, it is increasingly looking like one of its costliest mistakes

The US-India civilian nuclear deal which is more popularly known as the 123 Agreement has been the most deceiving deal India has ever signed in recent history. Admittedly, we say this with the benefit of 20:20 hindsight, but then, this realisation is not yet visible in the government. The inconclusiveness and shifting priority of the deal has only strengthened the fast emerging sentiment that US is not genuinely interested in India’s needs and prosperity; it just values rational and logical interference on matters that would restrain India’s global diplomatic leadership – and India’s energy security is unquestionably one of them.

Not that we’re quite in awe of nuclear energy (read B&E’s cover issue dated June 23, 2011), but the 123 agreement at least was supposed to give us flexibility to use the nuclear route when in need. After considerable negotiations, India finally signed the 123 US-India nuclear deal in October 2008 (United States-India Nuclear Cooperation Approval and Non-proliferation Enhancement Act), which promised India access to stocks of enriched uranium and foreign investments in the country as well. The government went overboard and India bought 40 foreign nuclear reactors, which were estimated to have production capacities of 40,000 MW of electricity by 2050 – and in return, India was to be treated as a ‘nuclear weapons state.’

But then, there has always been more to this deal than meets the eye. Recently, during the debate on the Civilian Nuclear Liability Act, the Parliament found out that many technologies (including the reactors) provided by foreign firms were faulty and outdated. In simple words, in the veil of a nuclear deal, what foreign (read: Western) companies did was that they sold outdated and obsolete nuclear technologies to nuclear-hungry India. This deal also pushed back our plans of thorium-based reactors, which could have solved the energy problems to a large extent. Given the fact that we have a large indigenous supply of thorium and raw thorium is available in plenty on Kerala’s shores, the cost of running & operating a thorium based reactor would have been significantly reduced.


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Saturday, July 28, 2012

Double Dip M&A? Amidst possibilities of another global downturn, what will the m&a scenario for the coming quarters be?

B&E & IIPM Think Tank present the M&A update 2011-12, Including a Primer on M&As across The Globe this year and analysis on Major Sectors of India that are ripe for M&A

The B&E/IIPM Think Tank mergers & acquisitionSreport, 2011-12
As US corporate profits reach 60-year highs and global economies start accelerating, M&As are coming back with a bang. In fact, investors have already started flexing their muscles as new capital starts flowing into their funds. Yet, with the global economy facing the possibility of another downturn, is the corporate world ready for consolidation? Will buyers and sellers indulge in as frenetic an activity as seen in the pre-recession days? Or will the coming quarters be a damp squib on takeover sentiments? B&E and IIPM Think Tank present the M&A update for 2011-12

Companies spend more than $2 trillion on acquisitions every year, yet the M&A failure rate is between 70% and 90%…” When Profs. Clayton M. Christensen, Richard Alton, Curtis Rising, and Andrew Waldeck of the Harvard Business School wrote these words in their March 2011 seminal work titled ‘The New M&A Playbook’, they must have wondered what’s ‘new’? Nothing actually. Irrespective of the year one takes, the failure rate of M&As has more or less always bounced between the percentages they mention. Yes, there have been good years, when the failure rate has defied expectations and has been only around 60%. And there have been bad years, when almost every M&A attempted destroyed shareholder value. But that’s about as much as one needs to know about M&As. From Accenture to McKinsey, from BCG to Booz Allen Hamilton, from Stanford to Wharton, there is little debate left globally on whether M&As add to shareholder value... they don’t. In fact, most destroy it with surety. But then, why do CEOs globally still go ahead and attempt mergers and acquisitions?

One line of thinking compares the M&A behaviour of CEOs to cigarette smoking. There’s no debate on whether smoking causes cancer. It does. Yet, one would find pretty sane, intelligent and bespoke individuals indulging in the exercise. Logically understood, the attitude is quite addictive, whether for smoking or for M&As. CEOs get infatuated to the M&A dopamine high and the rush of seeing their companies’ turnovers double, even triple overnight – and not because of any strategic moves they might have made in the marketplace, nay any innovation, or a product launch. But simply, an M&A; “The bigger the ego of the acquiring company’s CEO, the higher the premium a company is likely to pay for a target,” write Dr.Mitchell Marks and Dr. Philip Mirvis in their 2011 paper in Journal of Business and Psychology, quoting varied research studies. There’s another line of thinking that says that as the average probability of success of a new business anyway falls between 10% and 30%, an M&A activity should not be considered anything different. The success rate of an M&A exercise mirrors what one would expect from a new business venture; and therefore CEOs should necessarily take it up, as there are 10% to 30% M&As that are superlatively succeeding too in maximizing shareholders’ wealth. Be that as it may, 



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Friday, July 27, 2012

Increase Min. Drinking age to 27

Now The Maharashtra Government has raised The Age limit for Drinking to 25. While Opposers are Demanding this be Reversed, The Government is very right! The IIPM Think Tank even Proposes The same be raised to 27

With effective control of alcohol consumption in mind, the government of Delhi, and most recently, in Maharashtra, increased the minimum age for drinking from 21 years to 25 years. But this move has evoked widespread criticism from young people and certain sections of the media too. Even Bollywood actor Imran Khan apparently is contemplating a PIL, and opines that if one can vote at 18, it is absurd that one can’t have a good time with a glass of drink before 25! The IIPM Think Tank disagrees with such thinkers, and recommends that not only drinking, but even cigarette smoking should be allowed only for individuals aged 27 and above.

Global studies have proven that the longer one delays consumption of alcohol, the less the chances of alcohol addiction (Grant, Stinson, Harford, Boston University Study). This is due to the fact that alcohol ensures that the brain develops mechanisms that “change neural function induced by chronic ethanol consumption leading to the development of [alcohol] dependence” (Weiss and Porrino; Neuroscience Journal). Additionally, the brain stabilises in growth only between the age limits of 22 to 30 (University of Washington data, Eric Chudler). So logically, one should have the right of choosing a product only after the brain has fully grown. National Bureau of Economic Research (Working Paper No. 5200) confirms that “the prevalence of alcohol dependence and abuse is highest in the age range” of 17 to 27.

Logically therefore, rather than appearing unlettered and demanding that the Maharashtra government reduce drinking age, we should be recommending that the same be increased to 27. “As many as 80% of alcoholics smoke,” confirm Miller and Gold, University of Illinois, in their study in Journal of Addictive Diseases.


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Thursday, July 26, 2012

“This is Energy’s Sputnik Moment”

Kameswara Rao, Executive Director - Government & Infrastructure, PWC

There is an ongoing debate as to which is the better mode of sustaining long term energy requirements of a nation like India which for years has been in power deficit syndrome. B&E’s virat bahri speaks to Kameswara Rao, Executive Director-Government & Infrastructure, PwC on the potential and the respective challenges facing the solar and nuclear power industry in India and what strategic policy guidelines the government needs to adopt so as to strike a balance between the two.

B&E: How do you compare nuclear and solar in terms of their utility to India’s energy needs? Which holds greater potential for the country?
Kameswara Rao (KR): Nuclear and solar power generation both offer local energy security and low tariff inflation as the cost components of fuel and operations are very small. We must factor this in our energy mix decisions as the cost of energy is forecast to rise significantly this decade. Already, many large coal exporting nations are placing quantitative curbs on sales and are stepping up tax extraction. The prices of globally traded coal are back at record highs and remain volatile, hence on both counts, it is unsuited for power utilities.

We need to make early bets on nuclear as well as solar, and invest in their development. Nuclear is more mature and offers base load operation whilst solar with storage is still expensive and has limitations in meeting large scale base-load supply. It is always preferable for a country to have a mix of energy sources as a guard against man-made and natural events (for example, solar insolation can be seriously impacted by climatic events, volcanic ash in atmosphere, et al).

Investment in solar must cover its entire eco-system, across a wide range of basic sciences such as in chemical, metallurgical and semiconductors. We need to invest in nuclear too, to improve design, security, and local content and to utilise other fissile materials such as thorium.

B&E: What are the various bottlenecks – technological, infrastructural, financial, policy – that solar and nuclear face currently?
KR: The primary challenge is at the policy level: the high cost and relative novelty with technology (nuclear investments have suffered a 20 year hiatus globally, so current technologies are seen as new) understandably daunt the policy makers. A bold policy position, and a rigorous follow through to enable project implementation is necessary. It also needs to reduce the cost of doing business, which can be effectively done by exempting these two sectors and their eco-system from all direct and indirect taxes. Nuclear and solar technologies will benefit wider scientific development that these investments will spur; and for the energy industry, we need to treat this as our Sputnik moment. Financing is a significant challenge as both nuclear and solar are capital intensive and unlike a thermal plant, 80-90% of the life-cycle spend is upfront.

B&E: The disaster in Japan has raised questions on nuclear safety. Do the potential hazards of nuclear shift the equation towards solar more?
KR: This is possible, and in future as solar power technology overcomes current challenges of storage, scale and cost, we will see a shift away from nuclear power. The issue of nuclear safety is clearly non-negotiable, but the right way to address it would be to set adequate standards, set up processes to absorb lessons from other incidents, mandate periodic risk assessments and cost all this into tariffs.

B&E: What does the Indian government and business need to do to encourage solar power?
KR: The first step is to strengthen the manufacturing base as the bulk of the investment in a solar power IPP is upfront and largely in capital. The incentives to develop solar manufacturing made a promising start but have since lost steam. The Governments in many countries offer a suite of incentives totaling almost up to 50%. For example, the German programs extended a wide range of incentives including interest rate rebate, loan guarantees of up to 80%, labor grants, training assistance and R&D support. These help reduce the risk and cost of developing a new industry, and help realize benefits sooner. Others such as Taiwan have done the same as they developed their semiconductor industry in the 1980s and 90s.


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