Of food crisis & your appendix!

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Food production across the world is higher than in the past two years; but export bans worsen the crisis

The G-8 nations, during their recent meeting in Toyakocho, Hokkaido, Japan, have urged nations like Argentina, Egypt, India, Indonesia and Russia to stop restricting food exports. “We will strive to ensure that food, agricultural trade and overall trade policies are conducive to ensuring food security for all. For this purpose, we reaffirm the need to minimise the use of restrictive measures that could increase the volatility of international prices,” an FAO declaration said. This meeting in Japan couldn’t have been more killingly ironical. International economists and global leaders forget (conveniently) that Japan itself has hoarded around 1.25 million tonnes of surplus imported rice, which it is not bringing into the market.

But it is not that Japan alone is to blame (though it takes a considerably large amount of blame). The world has got so engrossed in trying to save itself from artificially raised oil prices that it has closed its eyes to the anguish of hundreds of millions of starving people. In many ways, if the issue of bio-fuel, however hyped or over-hyped, is responsible for the food crisis, then the hoarding of food grains is no less a contributor to the world food crisis. While some countries like Japan are sitting on huge piles of food – using it to make either artificial fuel or simply to hoard the same – the others are facing calamitous situations because they simply have nothing left to eat.

Fear and greed are two factors that are forcing many nations to keep food grains in their warehouses rather than bringing the same to the world market. This is creating a demand supply gap, which is raising prices to unnatural highs, a situation that could well sound the death knell for the poor in Asia and Africa who spend around 50-80% of their income on food. Media reports now reveal that food riots have already caused unrest in over 30 countries including Bolivia, Egypt, Indonesia, Malaysia et al. The situation is getting worse for the United Nations World Food Programme (UNWFP), which is fighting a clearly losing battle to provide food to more than 850 million estimated hungry people worldwide.

And the clear culprit is the concept of export ban, which is currently being exercised in more than 10 countries around the world; and this has also resulted in the cutting off of aid given to destitute people who mainly depend on UNWFP for their daily meal. The good news is that food production this year is expected to be better than in the last two years. But food prices have risen 83% in the last three years. And the ADB warns that, despite production increase, if the export bans are not taken away immediately, the crisis would necessarily worsen! Till then, get your appendix in order; they say the organ could help the human body in digesting grass. Oh, by the way, grass tastes better with pepper, eh!


Shashank Tripathi


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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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How to hit the bulls eye

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C. K. Prahalad and M.S. Krishnan present DART – Dialogue, Access, Risk and Transparency Benefits

Through the four years of concerted effort, C.K. Prahalad, distinguished University Professor of Strategy, Ross school of Business, University of Michigan, named ‘The world’s most influential management thinker’ in 2007 by the Times of London & M.S. Krishnan, Hallman fellow and Professor of Business Information & Technology, Ross School of Business, University of Michigan have prescribed the agenda for senior managers to successfully compete on the battlefields and on the various fronts during the following centuries. They have to re-invent their processes and cultures to sustain innovative solutions. The new culture of innovation is a strategic plan for achieving transformation to meet the needs of the customers of the future.

The New Age Of Innovation builds on the Future Of Competition and The Fortune At The Bottom Of The Pyramid, presenting a unique perspective on the essence of innovation. It focuses on the nature and strategy in the new competitive context and builds the hidden links between business processes and analytics, innovational business models, and day-to-day operations.

The authors discuss various strategies for building teams that are capable of providing high-quality, low-cost solutions rapidly, & treating all involved individuals as unique. They discuss how to improve flexibility in all customer-facing and back-end processes, measure individual behaviour, and systems to co-create value with customers. The authours offer us the DART model which is an acronym for the building blocks of co-creation– Dialogue, Access, Risk and transperancy.

They’ve used examples to describe N=1, which they define as getting the customer to decide what he wants and access to resources from multiple sources. For this, various on-ground examples have been furnished like iGoogle, which is about co-creation of value and personalisation of experience where Google provides the platform to individual consumers; The Ponds Institute measures skin conditions and seeks customers’ view about how they want to look and feel; at Starbucks, a customer can decide whether to pick up his coffee and run, or stay and read the newspaper. With regard to access to the resources from multiple sources Prahalad & Krishnan quote TutorVista, who have access to more than 600 tutors where tutors are geographically dispersed, and can choose to work as much as they want; Pomarfin, a small Finnish family-owned firm, uses an Italian design group, Mazzucato, to cut manufacturing costs, it uses its own dealers for customer interface. Facebook, eBay and Amazon are well known for serving one customer at a time and allowing customers to personalise their experience with the platform that the companies provides; while Nirvana, in Bangalore, which serves global financial service clients in customer support and other back-office processes, tracks the voice amplitude of each customer during the service call to sense the customer’s frame of mind or temper.

The authors blame lack of senior management evangelism, weak accountability, misaligned goals, and lack of discipline for the failure of business process transformation initiatives in many organisations.

The New Age Of Innovation is truly eponymous throughout the book because above all, innovation is not invention; it is a term in economics more than technology. Michael Dell, chairman and CEO of Dell Computer corporation in his speech to the Society of American Business Editors and Writers technology Conference, Dallas, on September 10, 1998, had echoed the message that one sees a lot of companies falling back on the idea that “my baby’s the most beautiful in the world and I’m not going to accept anybody else’s.” The senior management needs to get out of this.


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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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Can the lost paradise be regained?

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PM Manmohan Singh offers a peace package for the Valley of Woes

Will they? Won't they? And if they do return, will it be in the same numbers as when they fled the Valley of Woes two decades ago? The general expectation is that only two sections of the displaced Kashmiri Pandits are likely to fall for Prime Minister Manmohan Singh's recent resettlement offer – the grossly sentimental or the poorest and most neglected among the exiled sections of the Kashmiri Pandit community. During his April visit to the Valley, Singh had offered Rs.750,000 to each migrant Hindu family and to create 6,000 jobs. The Kashmiri Pandit Sangharsh Samiti welcomed the package but said it was upset that the PM took no note of the Brahmin families that had stayed back and faced security issues.

Many Pandits are sceptical about their return to the Valley. "My memories about my father lying in a pool of blood are still fresh," said Anju Koul from Jammu. "No, I don't want to return." Similar sentiments are expressed candidly by others. So, while nine displaced families have since returned to their ancestral homes at Verinag in south Kashmir's Anantnag district, critics of the policy do not expect this trickle to turn into a flood anytime soon. For despite the perceptible thaw in India-Pakistan relations since the process feebly began in 2004, old memories of separatist-mounted brutalities are still painfully alive in the Pandits' memory.

But the Kashmiri separatists oppose such "security zones" and insist Hindus live alongside Muslims as before. Point is in a transformed political atmosphere, is this possible? Is it not just another pipedream that is unlikely to bear fruit?


Amiya Jha & Asad


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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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Chewing ‘gun’

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Guns are as easy to get as gums

Around 49% households own them in the US (so do 31% American adults)। Guns! Some say that’s lesser than the chewing America’s gum ‘ownership’! There still is a raging debate in the US on gun control, especially after the killing spree which took place in Virginia University in April 2007. Hilariously, students are now lobbying to seek permission to carry guns to universities, post various on-campus shooting incidents. In various US cities, drive-by shootings are as common as one could imagine [Is it a coincidence that Japan is the only other country, which diligently follows America’s footsteps with respect to easy procurement of guns?]. So is gun ownership the issue? Before answering, one should note that countries like Switzerland, Finland and Israel, which have the highest number of per capita gun owners, still have the least crime rates globally! If gun control were the issue, then India – with one of the world’s toughest gun control laws – should not have seen the Naxalite movement. The nail in the royal bed is clearly related to developmental dynamics, rather than the issue of gun control. If governments give distributed economic growth, social violence would clearly go down. Ah, if only...


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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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Royalty may have receded into history for good, but India’s penchant for opulent living is only growing by the day. B&E takes a closer look...

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“The country has observed remarkable growth in adoption of high end luxury white goods over the last decade.”

The year 2006 saw the entry of luxury brands like Versace, Lamborghini and five others and this year too, six such brands have forayed into the country. Vogue brands like Escada, Lloyd & Llardo, which recently entered in India, are buoyantly penetrating to have a first mover’s advantage. Spanish porcelain maker Lladro is gung ho to unleash as many as 12 boutiques by 2009. Reasons Amar Agrawal, MD, Lladro, “The global luxury industry will remain lucrative in the coming years and several brands are achieving revenues between 20% & 50%, which is higher than the forecast.” There is an unprecedented surge in luxury accessory brands as well. An A T Kearney Study on the growth of bon ton watches, reveals that this segment is growing at 40% and among all luxury products, watches have the maximum presence. And such massive penetration has been made possible by the players through a number of tie-ups with almost all leading retailers of the country. Explains Maneula Miola, Director, Marketing, of Italian apparel player Pal Zileri, “India is a prime market for us and especially in India, the demand for luxury in men’s dressing or demand for any other accessory segment is always higher than the demand for other luxury products.” This is also reverberated in a survey conducted by ACNielsen, which shows that, most ‘sought after’ designer objects are, sunglasses, wallets, handbags & belts.

When you talk about flaunting class & prosperity, luxury cars is a segment one just cannot ignore. Mercedes, Audi, BMW, Lamborghini, Volvo, Porsche... all feel that India is the market to be in today. Comments Mohit Arora, Senior Director, J D Powers Asia Pacific, “We definitely see the luxury car market growing over the next five years to nearly triple over 2006 levels by 2011.” The white goods sector is another instance of how ‘upmarket’ is catching on, in a country where LG shot up to market leadership with its intensive penetration strategies. Figures by Assocham, reveal how hi-end products like Plasma & LCD TVs have experienced over 250% growth in 2006-07. Comments Moon B. Shin, Managing Director, LG Electronics India Pvt. Ltd., on the trend, “The country has observed remarkable growth in adoption of high end luxury white goods over the last decade.” Pitches in Pranay Dhabhai, Whole Time Director & COO, Haier Appliances (India), “Consumers today have a much more eclectic approach.... With over a million consumers in the luxury segment, this number is expected to treble by 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).


Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
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The Hindu : Education Plus : Honour for IIPM
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The final match

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It is the last chance for Advani to aim for prime ministership

Rahul Dravid may have relinquished the Indian cricket team’s captaincy, but BJP leader Lal Krishna Advani seems in no hurry to hang his boots. He is actively trying to cobble together the erstwhile NDA constituents and add a fresh lease of life into the election outfit. Prospects of snap polls have caused flurry of activity in BJP. Whether it is hosting lunch for Udhav Thackeray of Shiv Sena; wooing Jayalalitha in Tamil Nadu or once again invoking political Ram, using the Sethusamudram project controversy, the aim is apparent. This probably is the last chance for Advani to fulfill his dream of becoming the Prime Minister of India. “Advaniji is our leader & prime ministerial candidate”, BJP spokesperson Ravi Shankar told B&E.

That is the reason Advani is not leaving anything to chance this time around. No one can dispute Advani’s plans to resurrect the NDA, but what he seems to be forgetting is that, today, his party is a divided house – incapable of re-erecting a political edifice, incapable of challenging the UPA outfit. Moreover, with the Left hogging all the limelight normally reserved for the Opposition, BJP’s chances of attracting viable coalition partners is a difficult proposition.

The question is how long can the BJP go on shoulders of already crippled horses? What Mr. Advani needs to take cognisance of is, first & foremost, he needs to get his own house in order; get the likes of Rajnath Singh & Arun Jaitley to get into a huddle, shout out loud & clear ‘we are proud to be a part of the BJP’; give them a good practice session to field searching questions thrown in by the media from time to time; teach his party-men the virtues of playing honestly with a straight bat & bowling well-directed deliveries in the right spot to put the UPA on the back foot. It is only after doing this home-work that Advani should go in to woo external players. The only solace for him, though is that the RSS, angry with his Jinnah remarks is now backing him. Remember, Advaniji, this is going to be your last Twenty20 game. If you falter as a leader this time, history will not wait to offer you a second innings.


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).


Read these article :-
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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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 ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
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With the Indian economy churning out magnificent growth figures, capital flows are flooding the country.

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

Indian bourses received foreign institutional investments worth $4.7 billion, a figure that was never previously reached in history.

All in all, however, India stands to lose if the rupee appreciates further. The backlash in exports has started to hurt; trade deficit for April-June 2007-08 has widened to $21.58 billion, as compared to $16.94 billion in the corresponding period of the previous year. The trade deficit for August 2007 touched $6.88 billion, as against $4.08 billion in August 2006, a monstrous increase of 70%. Merchandise exports posted a moderate growth of 17.8% in Q1 2007-08, while the figure was 23.7% a year earlier. The situation will get worse as the effect of rupee percolates through the rest of the year and also with higher interest rates.

Now that the consequences are wide open in front of us, let’s take a look at why the rupee has suddenly started taking the course that’s breaching the comfort levels of many. One might term it as ‘growth pangs.’ With the Indian economy churning out magnificent growth figures, capital flows are flooding the country. In the month of September itself, Indian bourses received foreign institutional investments worth $4.7 billion, a figure that was never previously reached in history. All of it is quite substantiated by the fact that the benchmark indices are scaling new highs by the day. Capital inflows of such proportions bulldoze the domestic currency as demand for rupee shoots up in the international markets. Believe it or not, the proportions of capital inflows have been so epic that even the monetary authorities are finding it quite arduous to bring under control.

This brings us to the famous ‘Unholy Trinity’ mentioned earlier. The model put forth by Marcus Fleming and Robert Mundell suggests that it’s impossible to maintain an autonomous monetary policy, free flow of capital and a fixed exchange rate. Let’s see how it works. Taking into consideration the Indian context, capital inflows push the rupee up against the dollar and the central bank – the Reserve Bank of India, which has a clear mandate of sticking to a fixed exchange regime intervenes by buying dollars in the forex markets and selling rupee in order to maintain the requisite exchange rate and stem the rupee appreciation. This is quite in line with the mammoth forex reserve that the RBI has amassed up in the recent past (Reserve Bank of India made net market purchases worth $26.8 billion from the foreign exchange market in 2006-07, significantly higher than $8.1 billion as compared to the previous year).


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).


Read these article :-
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 ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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