Pirates of the textile treasure hunt

MANAGEMENT GURU

Not waiting for the government to fix its policies two years after the end of the quota regime, Indian textile titans are charting their own destinies. Studded with dazzling export figures & brimming with super-colossal profits, the blue-eyed boys of the Indian textile sector are decisively gearing up for the global ramp with a never-before-seen spring in their stride

The map has been discovered. Its perfect topography has been studied, and the ship is all set to sail. And thus begins the great Indian treasure hunt. But wait! The period is not 1883; it’s the 21st century and we are talking about the Indian textile titans, who are all set to find their own ‘Treasure Island’. Yes, the textile tycoons are unearthing their own ways to strengthen their financial muscle. And what’s driving them to do so? With CRISIL envisaging the Indian textile industry to reach a sprawling $110 billion by 2012, with double digit growth in exports, the white collar guys of Indian Inc. are weaving strategies to put India on the world fashion map. Add to this the catalytic retail revolution happening in the country and Confederation of Indian Textile Industry (CITI) projecting a 10% growth in domestic haute couture market; the returns on offer are tremendous.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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... and so are ril’s values

IIPM MANAGEMENT INSTITUTE

Indeed, RIL operates in risky environments. But just like the seemingly unrealistic growth ambitions, there are three clear diktats of Mukesh (also true for his father) that set RIL apart. The first one is to raise money from markets at rates much cheaper than the rivals. It is also noteworthy that the RPL share price (IPO launched in 2005, which also attracted investment of $300 million from Chevron) is trading above the issue price, which is stupendous, considering that the refinery is expected to commence operations only in December 2008. The second is to accomplish all outstanding projects on schedule. The third is that RIL endeavours to dictate the pricing mechanism of every sector it enters.

So like we said, if it wasn’t Mukesh, the expansions could be considered preludes to disaster. But the consistent growth path that has been the Reliance way of life, proves how Mukesh is one maverick who knows exactly where he’s headed. And there is every reason to believe that he will continue to do what he does best – dominate!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

For More IIPM Article, Visit Below....
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Side-lining all human capital equation? Not really!

IIPM MANAGEMENT INSTITUTE

To understand this better, let’s take a look into the traditional HR system. To name a few, compliances, attendance, wages and salary administration, employee records management, employee grievances... were the few dominant functions of the personnel department of the yesteryears. The evolution of management school of thought and the obsession with human relations approach has created the HR department. However, the HR department couldn’t create a better image for itself, for it looked like old wine in a new bottle, and not much actually has changed. The woes of yesteryears can still be felt today. A lot of paperwork and unending processes have caused the department to lose respect in the organization and it is being increasingly viewed as a cost unit and a doormat for the company, where anyone can walk right in and with all ease brush-off their frustration.

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

MAX’imum impact!

IIPM MANAGEMENT INSTITUTE

This group made it to the 4Ps-ICMR rankings purely because of the tremendously entrepreneurial moves and innovative ventures that Max India Chairman, Analjit Singh, has scripted in the recent history. His next move in the biggest deal in the history of Indian telecom industry has shifted all lights towards the industrialist’s 8.75% stake in Hutchison Essar in particular, and the vicissitudes of the Max Group in general. Analjit is apparently even open to being Vodafone’s partner if the UK-based telecom major acquires Hutchison’s stake in the holding firm Hutchison Telecom.

Analjit Singh is a multifaceted man who has transformed the Max group into a multi business corporation with diversified investments in areas spanning telecom and media to the group’s principal activities of manufacturing specialty plastic products, clinical research, insurance, medical transcription, software, communication and business investment services. But the group’s healthcare business, through Max Healthcare, is the most talked about. With a market size currently estimated at $33 billion and a growth rate of 12 to 15% per annum, the industry is expected to touch
$70 billion by 2012, driven primarily by private sector investments.

Max is all set to capitalize on this smashing opportunity. Its hospitals and centres have a registered base of over 360,000 patients. And to complete the cycle, Max New York Life Co., a JV between the Max Group and New York Life Limited, now ranks third amongst private players in terms of the number of policies sold, with unheard of growth rates (last year they grew by 100%). And in our rankings? This group is a spanking Max’imum impact upstart, surely!

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

You can’t hide that smile anymore!

IIPM MANAGEMENT INSTITUTE

Brand: Taj Tea
Headline: You can’t hide that smile anymore!
Baseline: Wah Taj!
Agency: O&M

4ps Take: After years of cashing in on tabla maestro Zakir Hussain, now Taj Mahal tea is pinning its hopes on Saif Ali Khan. Any guesses as to what connects the two men? Right! It’s all about the pedigree! The USPs of the product are aroma and flavour– kind of things that are lapped by people with pedigree! The communication is straightforward – doesn’t need to work too hard really, as Wah Taj is such an highly recalled tagline. Let’s say it again, shall we? Wah Taj!

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative