Meet the Rich(ard) ‘Virgin’...

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He is the personification of ‘friendly capitalism’, yet has many critics...

He couldn’t finish his education, and we blamed dyslexia for it. At 15 he started two short-lived ventures – growing Christmas trees & raising parakeets – and we blamed his unschooled thoughts. Today, he leads more than 350 companies under the ‘Virgin group’ banner, and we have nothing left to blame! Call him an eccentric marketer who’d drive a tank down Fifth Avenue (in NY) to promote the Virgin brand, or an outlandish pursuer of fame who loves the lens. Or even better, call him a hardcore billionaire who manages a conglomerate – with businesses ranging from space travel & airlines to dotcom wonders! Call him what you want, but you can’t ignore him – the visible and ‘virgin’ 56-year-old Briton – Sir Richard Charles Nicholas Branson…

Right from the age of six when his mother would drop him at a distance from home and make him find his way home to the present times when he has walked the distance and understands that “Visibility is good,” Branson has come a long way and has grown into a charismatic leader. But then, parallelly, his group’s financial health diagnosis has been found to be horrifying, time and again. During the turn of the century, a detailed investigation by the British government into the highly fragmented Virgin group had painted such a picture. “Virgin Travel is the only one of Mr. Branson’s businesses to make a large profit . . . The rest of Mr. Branson’s firms, in both groups, lost money in total,” the enquiry report quoted. Negative EVAs, net losses, deteriorating interest cover et al are perhaps the only words you’d hear about Virgin group’s financials. So how does Branson justify this? “The approach to running a group of private companies is fundamentally different to that of running public companies. Avoiding short-term taxable profits and seeking long-term capital growth is the best approach to growing private companies...” is what the man asserts. Unlike ‘traditional’ strategists who adopt the public route, Branson has remained critical of going public, as proven by the de-listing of Virgin Group Plc in October 1987 which had 35% of its equity listed on LSE and NASDAQ. Explaining the move, Branson retorted, “Investment analysts misunderstood the Virgin business & the market undervalued us.”


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Source : IIPM Editorial, 2008

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


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Burma is only for Burmese…

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Not for army..., But, possibility became more challenging when popular politician like Aung San Suu Kyi was imprisoned.

Perhaps, the greatest achievement of the last century is emergence of democracy. There are almost 140 countries for which democracy is the way of their polity. Reversely, there are few countries where democracy remains a distant dream. Unfortunately, Burma is one of them. The country is going through a miserable journey of hope & despair under the military rule since its Independence in 1948 from British rule & hopelessly struggling to bring egalitarianism regime. But, possibility became more challenging when popular politician like Aung San Suu Kyi was imprisoned. In addition, the military government jailed over 1,300 politicians. Though, the country held free election for the first time in 1990 after 30 years, where Aung San Suu Kyi won 392 seats out of 489 but, it was banned by the regime. Government has never shown regard for people in the society. It exampled the crudest form of command economy. Human rights watch has unveiled that child as young as seven are forced to carry army supplies. It has over 70,000 children amongst its 350,000 army personnel. The horrific army abuses are more on ethnic minorities. Thus, it’s futile to expect change from within. It’s high time for the world order to act. If Iraq was a fit case for the likes of the US then for what reason the Burmese dictators are being spared?


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Source : IIPM Editorial, 2008

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


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Disgraceful attire Mr. General Musharraf told Pakistan Supreme Court this week that he will quit the Chief of the Army Staff’s post, only if he’s re-e

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Musharraf cussedly clings to his uniform merely to save his skin in the wake of electoral defeat

In Pakistan, it is becoming increasingly difficult to say who, between the Musharraf administration & the Opposition, is capable of demonstrating a higher degree of political gaucherie. While, the ruling regime’s obduracy is centred on President Musharraf’s insistence on perpetuating himself in power, Opposition parties seems to have lost the plot completely. Meanwhile, President General Musharraf told Pakistan Supreme Court this week that he will quit the Chief of the Army Staff’s post, only if he’s re-elected as President of Islamic Republic of Pakistan. As expected, the statement was immediately rejected by the Opposition. Opposition’s lawyers told the apex court not to accept the undertaking on grounds of Musharraf’s “unreliability” on matters relating to hanging his uniform. However, dismissing all doubts, the Supreme Court cleared Musharraf to fight elections while being in uniform.

The electoral commotion in Pakistan is gaining momentum as the D-day is fast approaching. “The lawmakers, who should seek remedy to political issues through Parliament, are rushing towards the Supreme Court for every conceivable relief in their present struggle against President Musharraf. That is the biggest irony of Pakistan,” says Ashraf Mirza, noted political analyst from Pak Observer, while talking to B&E. In current political bedlam in Pakistan, various political parties are playing their role in trying to form & unseat the present regime in Pakistan. The most active & alert in this respect are: — Muttahida Majlis-e-Amal, Tehrik-e-Insaaf, Muttahida Qaumi Movement, Pakistan Muslim League-Q, Pakistan People’s Party (PPP) & PML-N.

Interestingly, irrespective of the political manoeuvres by Opposition, the ruling Muslim League alliance has the majority required to get Musharraf re-elected for another term. As far as Musharraf is concerned, his insistence on holding two offices is primarily based on the assessment that if he quits army, he would lose hold over his political wing, the Pakistan Muslim League (Qaid) and also the command of the army – a proposition too dangerous for his personal well-being.

Pakistan’s dilemma is that it is neither a full-fledged dictatorship nor a democracy, just as its leader and the head is neither an officer nor a gentleman politician. The army law certainly debars the general from participating in any political activity, similarly the country’s constitution also does not permit the head of the state to hold dual offices. But Musharraf, the true dictator, is hardly bothered about petty legal issues. His only concern is to remain in power by hook or by crook. And he will eventually achieve this by rounding up the opponents; rigging the elections with impunity; manipulating the Bush Administration & by hoodwinking the Pakistani people.


B&E edit bureau: Saurabh K. Shahi

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Source : IIPM Editorial, 2008

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


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Bigger the better, A typical victim of the deadly virus would have his arms, legs, face swollen to twice, sometimes thrice their size.

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Making sense of a mammoth of a menace, Whatever it might be one thing is clear, Elephantiasis will soon be going the way of the Woolly Mammoth.

Mosquitoes are always up to no good, when they are not sucking our blood, buzzing in our ears (sometimes noses) and merrily passing the plasmodium bacteria to us, which incidentally causes malaria; they are also making us ‘fat’! I’m talking about Elephantiasis. No..no, this is not a term of reference for Adnan Sami look-alikes, this is a real disease which affects about 130 million people in 73 countries.

Caused by a parasitic worm which may lie dormant in the human body for years before serious symptoms are detected, this disease is also one of the most disfiguring ones out there with victims often difficult to recognise owing to grotesque deformities manifesting on the face. Prevalent mainly in African countries owing to lack of proper medical facilities allows this terrible affliction to continue unabated and untreated. The root-cause for the horrible disfigurement is the blockage of lymph-nodes in the body which in turn leads to swelling of the muscle tissue to unimaginable proportions. A typical victim of the deadly virus would have his arms, legs, face swollen to twice, sometimes thrice their size. This leads to the skin being folded and warped, leading to additional skin diseases which can even cause death in some cases. Another very painful side-effect is endured by its sufferers—swelling of the genitals—yes, it’s as painful as it sounds, besides also leading to ‘loss of function’.

Now however, help is at hand. Scientists in the UK and US have mapped the genome of the worm, Brugia malayi, which causes the disease. It is hoped that additional light will be shed on the intricate workings of the worm–how it functions, infects and spreads, etc. It is also hoped that a vaccine could be developed in the future to completely eradicate this menace forever. Although some critics point out that cheap yet effective drugs, which incidentally have successfully combated the worm in Asia and elsewhere are available but not being used. The reasons for this irregularity aren’t clear, maybe it’s just the bureaucracy working at its ‘elephantine’ pace!! Whatever it might be one thing is clear, Elephantiasis will soon be going the way of the Woolly Mammoth.


Edit bureau: Amarpal Malhi

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Source : IIPM Editorial, 2008

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


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The ploy behind it...

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Is this USA’s real intention behind the nuclear deal?

R alph Waldo Emerson once said, “People only see what they are prepared to see.” So while the Left in India are immersed in their idiosyncratic & Jurassic age antipathy towards the American offer of the nuclear deal, the government of India is so much gung-ho about it as if, India as a country would cease to exist with credibility, if the deal doesn’t reach its culmination. In the pandemonium, certain key questions with respect to how much faith the Americans themselves have in civilian nuclear energy have gone unanswered. Surprisingly nuclear power contributes a mere 20% of the energy needs of US compared to 50% by coal. So, while the US is yet to relinquish its dependence on coal then on what basis has it been advocating India to make a fundamental shift to nuclear power? Is it a ploy to divert attention or research from something else? Well, keep reading… Of late the world has realised the immense potential of methane hydrate as probably the next big source for energy.

Reports state that US alone is estimated to have a staggering 2,00,000 trillion cubic feet of gas equivalent of methane non-hydrate reserve of 25,000 t.c.f. But still US doesn’t have the technology to commercially extract it though its working hard on it. Now here’s the catch. Methane hydrate is something which has not only grabbed the attention of the US but also of India, Russia and Japan. So much so that in certain respects, research and development of technology to commercially extract this methane has gathered more momentum in India under the National Gas Hydrate Program, than in the US. The fact that it doesn’t have either a monopoly or leadership in this research is something which hasn’t gone down well with the US policy makers. In his speech on April 24, 2007, Dendy Sloan, Chairman of Methane Hydrate Advisory Committee of US stated, “It was also noted that, several countries are aggressively investing in methane hydrate program and they threaten the leadership role of the United States in developing this ground breaking technology.” Similarly, The Guardian had published an article on April 03, 2005, titled ‘US in race to unlock new energy source’ in which Ray Bosewell who headed the US hydrate Program at the US Department of Energy’s National Energy Technology Laboratory had stated that US was determined to be the first to mine the resource & that the reasons for the US to invest in hydrates is to maintain their leadership position in this emerging technology.

No doubt that the Indo-US nuclear deal would slow down the urgency of methane hydrate research in India by a long margin or might kill it as well, much to the glee of the Americans. India though has an estimated 1900 trillion cubic meters of methane hydrate deposit. This essentially would take place at a time when US is endeavouring to commercialise methane hydrate gas extraction by 2025, and further reduce its dependence on nuclear energy. All the more reason for it to sell its civilian nuclear technology much before it reaches obsolescence. It’s intriguing how India has been seduced into this even though methane hydrate as an alternate energy source would have proved to be more commercially feasible, environment friendly and less hazardous. Don’t be surprised, if a few decades from now the US comes up with another proposal for a fresh deal to sell methane hydrate extraction technology to India. Wish the Indian Left had the intellect to comprehend this unstated thing between the stated lines.


Pathikrit Payne


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Source : IIPM Editorial, 2008

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


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Ragged to death

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Thin line between fun & fear

Despite Supreme Court orders against ragging & harassment in colleges, the last few months have seen frequent incidences of ragging. A recent incident in Delhi, at St. Stephen’s College, resulted in a student getting severe burns on his hands and arms & another incidence in IIHM in Bhopal, caused two girls to be hospitalised, after physical ragging.

As per the Coalition to Uproot Ragging (CURE), more than 50 cases of ragging has been published in leading English dailies in last four months out of which six incidences were of suicides & three were of attempt to suicides. Ominously, whooping 84% of ragging took place in college hostels & more than 30% were sexual in nature. It not only led to deaths (10 deaths in last two years) and severe physical injuries but also suicides by parents as in case of C. Lalitha (mother of a fresher) in September 2006. The incidences reported in the media are just a petite fraction of actual ragging cases, as most of the incidence go unreported & are largely suppressed. To purge this menace, all stake holders need to decimate ragging before it becomes an integral part of college curriculum.


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Source : IIPM Editorial, 2008

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


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IIPM set to beat economic slowdown
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The Hindu : Education Plus : Honour for IIPM
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Archaic policing

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Police unfit to combat terror

Philanthropist George Soros has once said, “Crime requires police work, not military action”, but then, Indian seems to be playing its own flute. It is no wonder to guess the capability of Indian police equipped with two feet long batons & a whistle at best with a loaded gun that can only be triggered after orders from top. The fact is, the country has huge dearth of police personnel. Corroborating it, is the fact that police to people ratio is merely 10 for 10,000 persons while countries like Hong Kong, Malaysia & Thailand have a ratio of 47, 34 & 33, respectively. With crimes in mega-cities increasing exponentially, police patrol & investigation are declining. Moreover, resources are limited and are far behind in reaping the benefits of the modern technology. Other reports depict more horrifying pictures. Out of total available police force, 55% are engaged in VIP’s security, or supervising rallies, 3.6% are involved in managing traffic & merely 32% are in active policing in Delhi. By this one can gauge the condition of other cities. India as a nation should learn fast enough that merely guarding the borders doesn’t necessarily secure a nation. Unless major structural reforms are introduced, India’s internal security nightmare would doom its future.


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Source : IIPM Editorial, 2008

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


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The Hindu : Education Plus : Honour for IIPM
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His sons Mukesh & Anil seem to be mastering these strategies at the moment.

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

The rise and rise of Reliance & Mukesh Ambani (along with Anil Ambani on an independent path) is a classic example of corporate strategies having not really changed at a fundamental level over the last 150 years or so.

But even if Mukesh Ambani loses out in the game of musical chairs where the symphony comes from Dalal Street, there is simply no doubt whatsoever that Mukesh Ambani & Reliance will remain one of the better known corporate entities of the 21st century. Just as Ford, IBM, GE, Microsoft, ExxonMobil & Toyota, to name just a few, are iconic names that have carried their legacy of supremacy from the 20th to the 21st century. Besides, the crowning of Mukesh Ambani as the richest man in the world is a clear sign of the rise and rise of the Third World, particularly Asia. Just look at the major sectors and verticals that dominate the global economy and you will realise how Asia has been systematically creeping up and outflanking the First World companies. The automobile sector has Toyota, Honda & Hyundai, which have already dislodged GM, Ford & Chrysler as the guys who matter. Who knows, even Tata Motors might possibly join this premier Asian league in the near future? In consumer electronics & durables, GE, Grundig & Thomson were first replaced by Sony, National & Hitachi to be subsequently replaced again by LG & Samsung as the vertical drivers. In steel, you can satisfy yourselves watching Tom Cruise in nostalgic Hollywood movies as a steel worker with a shy girlfriend. Bethlehem Steel and its once powerful cousins have been replaced by Arcelor-Mittal & Tata Corus; not to mention Nippon & POSCO. Even in so called sunrise sectors like IT & telecom, the dominance of American outfits like IBM, AT&T, Microsoft & Dell is coming under increasing threat from the explosively growing Asian companies.

Forget the Asia story for a moment. The rise and rise of Reliance & Mukesh Ambani (along with Anil Ambani on an independent path) is a classic example of corporate strategies having not really changed at a fundamental level over the last 150 years or so. What John Rockefeller & J. P. Morgan did in the 19th century to earn the sobriquet of being “robber barons” is what Dhirubhai Ambani did during the 1970s, 80s & 90s. His sons Mukesh & Anil seem to be mastering these strategies at the moment. The three business strategies that have founded and nurtured enduring corporate empires have been very simple: Grab new business opportunities when they appear on the horizon; always think big & annihilate competition when possible.


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Source : IIPM Editorial, 2008

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


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B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
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IIPM Campus

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IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
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Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
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Where the ghosts simply refuse to die!

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Sticking around in Afghanistan seems hard for US, leaving seems harder still

There resided many peoples, including Pashtuns, Tajiks & Uzbeks and Turkmen, and a new tribe called the Americans. The Americans had come, after 30 years of bloodshed, to bring peace to this land called Afghanistan. But what did they know – what could they know – of life behind burkas, or on the other side of mud walls, or inside minds made mad by war?

The 26,000 US troops meant well. They wielded billions of dollars. They calculated “metrics” of progress. They had learned, to their cost, how this faraway place – invaded and used and at last abandoned to pile rubble upon rubble – could nurture danger. Not only was it once home to US-financed Islamists who humbled the Soviets. It also housed their jihadist offspring, who turned on a distracted sponsor & brought the dust of two fallen towers to Manhattan.

And so, one recent morning, Lt. Col. James Bramble, a reservist from El Paso, Texas, with a job there as a pharmaceuticals executive, found himself going to the nearby village of Morad Khan Kalay. Nations are built one village at a time. Or so he has come to believe. He is commanding a NATO provincial reconstruction team, one of 25 across the country, to deliver development & good governance to marginalise the Taliban.


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Source : IIPM Editorial, 2008

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


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B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

ZEE BUSINESS BEST B SCHOOL SURVEY

For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
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