The newly opened Barcelona Biomedical Research Park attracts top researchers from around the world

IIPM PUBLICATION

One group at the center recently developed a method for studying the genome of a pathogenic salmonella strain (previously only a nonpathogenic strain had been studied) in order to better understand its virulence. Another company on-site is working on a landmine detection system based on the ability of certain bacteria to eat explosive compounds. These bacteria have been manipulated to glow at night if they are “happy,” as Naranjo explains—“and they’re happy when they’re eating this compound.”

Though the salaries of researchers are paid by the Spanish government, the research itself is funded by grants from around the world. The center recently won a grant from the Bill and Melinda Gates Foundation for its work as part of a consortium developing an HIV vaccine.

This type of work is representative of much of the top biomedical and biotechnology research going on around the country. Spain has a strong background in research: the country has historically produced a significant percentage of the papers published in scientific journals from European research centers.

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Source : IIPM Editorial, 2007

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

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Born to be Fat?!

IIPM MANAGEMENT INSTITUTE

FTO= Love handles
Just as you don’t call a blind man blind, and a black man black, you never tell a fat man he’s fat. But worse is when you tell him he’ll take it to his grave – the fat that is! There’s no escaping fat if you’ve got the ‘fat gene’! At least that’s what a research has to say about folks who have to deal with one tyre too many! Stumbling upon the gene, a group of scientists from Peninsula Medical School in Exeter and Oxford University, examined DNA samples of over 38,500 people from across the UK and Finland that showed a stark link between a particular variation of a gene called FTO and obesity.

That however, is only half the story! That people with two copies of the gene are 70% more likely to be obese than someone who has none is the other bad news. And as though it wasn’t bad enough already, such people are also on an average 3 kg heavier! There are fears, and valid ones too that the culprit gene will be used as a convenient excuse by obese people instead of maintaining a healthy lifestyle through a regular exercise regimen and eating in moderation. Says Dr. Neeru Gera, Consultant Endocrinologist, Max Healthcare, “All these researches, I think, have a very negative psychological impact on any individual because it makes the person lose all motivation to remain fit.” Besides, we all know how greatly obesity can increase the risk of heart diseases and diabetesand the possible link with cancer. Well it sure looks like size does matter after all!!

Edit Bureau: Rahul Chaudhary

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Source : IIPM Editorial, 2007

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

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Good shot, Bermuda!

IIPM PUBLICATION

Bermuda was in the news recently, thanks to the national cricket team taking part in World Cup 2007 in West Indies. We’ve all heard jokes on FM channels about how the team would come on to the field clad in ‘Bermudas’, etc. – but let’s get down to business now. The sleepy, mid-Atlantic holiday destination (a former British colony) is in news for all the right reasons: no, not for the ‘Bermudas’, but the fact that it’s becoming one of the most sought-after global financial and business hub. The capital of the chain of tiny islands (that together go by the name of Bermuda!), Hamilton, now plays host to around 13,000 companies, who’ve flooded the place with ambitious plans. So much so, that the skyline is rapidly changing and many feel that the island, which boasts of magnificent beaches, will soon lose its charm. Many of the historical landmarks are being brought down as more and more commercial development is taking place. But though the old school is complaining, the truth of the matter is that all this booming business has made Bermuda one of the richest places in the world today. In fact, it’s the third-richest place in the world if you go by per capita Gross Domestic Product (GDP). According to Standard & Poor’s Rating Services, Bermuda has a per capita GDP of $80,320.

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Source : IIPM Editorial, 2007

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

And what’s our banking got to do with him?

IIPM MANAGEMENT INSTITUTE

Oh well, he’s the Deputy Governor, RBI. That takes care of the first question. And as far as the second question goes, he better have a lot to do with our banking system, for as things seem to be proceeding, it’s quite amusing how the term ‘sweeping banking reforms’ has been conveniently expanded by the government to now also include ‘under the carpet’! It’s pathetic that the government has not only kept a stranglehold over the growth of new private sector banks, but also has persisted quite ludicrously in holding extremely high equity stakes in key public sector banks (the government holds around 70% of banking assets).

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Source : IIPM Editorial, 2007

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

Google has become the most used search engine

IIPM PUBLICATION

Keep Surowiecki’s types and elements in mind and think now of how Google has become the most used search engine in the world. Google founders Lawrence Page and Sergey Brin in their paper The Anatomy of a Large-Scale Hypertextual Web Search Engine described a page ranking algorithm. When the algorithm is applied to a particular web page, its page rank increases in value as the number of links to the page increase. The page rank algorithm aggregates the independent, diverse opinions of other (decentralized) web pages about a particular web page.

Similarly, the open source internet browser Firefox, developed by independent, diverse and decentralized programmers and first launched in 2000, now accounts for15% of all browser usage. And although one does not typically associate wisdom with food or entertainment, an Indian startup, Burrp.com, aggregates local opinions about restaurants, clubs, lounges, etc, in Mumbai & Bangalore. In Hamburg, Germany, Qype.com does the same and was recently named one of the 100 most innovative private companies in all of Europe by the Red Herring magazine.

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Source : IIPM Editorial, 2007

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

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“Premium” for “Discount”?!?!

IIPM MANAGEMENT INSTITUTE

Then comes Sahara’s total equity valuation of Rs.14.5 billion (what Jet agreed to pay as fair value for ‘all Sahara shares’ on April 13, 2007), Rs.500 million in interests paid over last year and an added Rs.1.5 billion worth of Sahara’s liabilities absorbed by Jet. Add to all these Sahara’s full-year losses of Rs.4.0 billion, and we have the mighty Naresh shelling anywhere close to a colossal Rs.28.50 billion! Now, did someone confuse the word “premium” for “discount”?!?! Surely, a deal deserving a ‘tip of the hat’ from CEOs who’ve ‘successfully’ led the worst and the most over-valued mergers ever! For what corporate high-flying logic does it make to shell out such a colossal sum for an entity that possesses zero assets (with all 24 aircraft s being leased till just 2010 and which have depreciated over last year)? Surely the answer is clear. As Praveen Vetrivel, Aviation Analyst, International Bureau of Aviation states, “The deal will mark a compromise for Jet... In short, an additional burden that Jet could have done without...”

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Source : IIPM Editorial, 2007

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