IIPM - Managers and Entrepreneurs

BILT’s sales for the past five years have only grown by a sad 1.8%

2006-12-12T12:09:00.000-08:00

Inder Mohan gained control over KCT Coal Sales, Waterbase Limited & India City Properties; Brij Mohan was given Bilt Chemicals, English Indian Clays, Bharat Starch Industries and Crompton Greaves; Lalit Mohan retained the group flagship, Ballarpur Industries (BILT) and Andhra Pradesh Rayons (APR) and Man Mohan got JCT, JCT Electronics and Greaves Cotton. And what a partition this proved to be! From all the above companies, once considered to be future cashcows, today the summed-up picture is melancholic! The financials of the companies owned by Brij Mohan, read more like a requiem with negative growth in the past half-a-decade. Where companies under Lalit Mohan are concerned, despite them still possessing a net value of Rs.48 billion, it has only been plagued by illogical strategic decision-making. BILT’s sales for the past five years have only grown by a sad 1.8% and the company has also witnessed tremors arising out of the squabble between Lalit Mohan's two nephews and joint MDs – Vikram and Gautam. Sadly, all this comes in the form of increasing financial risk position and selling off the stakes and thus control in the company.

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Source: IIPM, 4Ps, B&E

Advertising Agencies Association of India

2006-10-11T22:33:00.000-07:00

As news of Dentsu’s coup spread, what also caught like wildfire was the news that Dentsu plans an online auction for this airtime. Quicker than greased lightning, media buying companies were up in arms, aghast at the looming prospect of being nudged out of the action by this Johnny come lately. Most industry veterans raised hackles at what they perceived to be a dealing beyond the bounds of fair play, but the Advertising Agencies Association of India (AAAI) stepped in to ensure that this did not flout any rules of the Indian Broadcasting Foundation (IBF), thus putting to rest the notion that an underhanded underwriting deal had taken place. Nevertheless, such a deal between broadcaster and agency is novel and has the potential to irrevocably alter the balance of power of TV ad sales. Recognised media buying agencies in the country stand to lose (already wafer-thin margins) much if such deals become more of the norm than the exception.

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All hands on deck! But are they the right ones? (IIPM ->B&E Editorial)

2006-09-04T14:43:00.000-07:00

In the toughest situations, the choice of your employees could be the differentiator
When Richard P. Cooley became Wells Fargo’s Chief Executive shortly before deregulation upended the US banking industry, he faced a vexing problem: How to plan for tumult and uncertainty. Like a mountain climber confronting an unknown and unclimbed face, he could not possibly predict what the mountain would throw at him, and if caught off-guard by a severe storm ...well, that’s when climbers die. What did Cooley set as his plan? He didn’t. More precisely, he didn’t first focus on the question of “what” to do, but instead focused on the question of who. What is the best hedge for a company against an uncertain environment, the ultimate strategy for climbing a mountain in very severe conditions? Pick the right climbing partners – those who can adapt to whatever the environment might throw at you. “That’s how you build the future,” Cooley said. “If I’m not smart enough to see the changes that are coming, they will. And they’ll be flexible enough to deal with them.” By “injecting an endless stream of talent” directly into the veins of the company, and building the best management team in the industry, Cooley set the stage for Wells Fargo’s leap to outperform the stock market by more than three times, while its sector of the banking industry fell 59% below the market.

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Editor: Arindam Chaudhuri

Source: IIPM Publication

IIPM Editorial: India’s Crumbling Foundations

2006-06-22T21:52:00.000-07:00

Despite an early monsoon this year, there is no let up in the spate of farmer suicides, and the green revolution is a distant memory, if not a joke. The issue is extremely serious, considering that 60% of India’s population is still at the mercy of the whimsical rain god. This unprecedented crisis in the farm sector has the potential to completely derail India’s growth prospects.

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Source: IIPM - Business& Economy, Editor: Arindam Chaudhuri

IIPM EDITORIAL >> Carlos Ghosn, Le Cost Killer

2006-05-23T23:00:00.000-07:00

“Design is an important dimension in the car. (But) it’s not the only one”The president and CEO of Nissan Motor Company is best known for his turnaround magic, which, within 24 months of his taking over, saved Nissan from the brink of bankruptcy. Ghosn’s turnaround strategy included massive cost cutting exercises that involved shut downs and layoff s. In fact, Carlos Ghosn is one of the very few foreign CEOs who is respected in the intensely closed Japanese business culture. He was voted ‘Man of the Year’ by Fortune Magazine in the year 2003, and was given the moniker Icebreaker for his tremendous feat. Recently, he also took over the reins of Renault, and now shuttles between Nissan headquarters Tokyo – where his wife Rita and four children stay – and Paris. Born on March 9, 1954, in Brazil, Ghosn is a Lebanese by descent and had always had a fascination for cars. When he joined Nissan, he earned the nickname 7-11 because of his grueling work schedule. But with Detroit in trouble, and with Japanese car manufacturers on an ascent, he is certainly one person who would redefine global automobile history.

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Source: IIPM Editorial

Victoria Peak: Vantage point to the vaunted wonders! (IIPM Publication)

2006-05-16T01:08:00.000-07:00

Yuexiu Park (which I still struggle to pronounce!) was to be our next destination. A mesmeric medley of cultural relics and ecological tourism, it is largely notable for the Five-Ram sculpture which is emblematic of Guangzhou city itself. “Legend says Guangzhou was once famine- suffering land. Five immortals with five rams come and bless it; the rams turn to stone and Guangzhou now rich city,” intoned my ad hoc history professor. Yuexiu Park has a bounty of treasures on offer for everyone, right from nature lovers who would like to purvey greenhouses or can’t get away to the countryside to families in quest of a day out in the amusement park.

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Source: Publication, IIPM

Coal (IIPM Editorial)

2006-05-10T04:40:00.000-07:00

But now, with the Law Ministry’s diktat prohibiting such sale to third parties, even after the heavy cost that these JVs might bear for investing in mining, the produce left after self consumption would go waste. At a time when coal prices are expected go up, the Law Ministry’s decision has done more bad than good for the growing Indian economy. Not surprisingly, the government and certain coal mines are planning to approach the Attorney General for redressal. As soon as possible, the Law Ministry should reverse its coal’d response.

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Source: IIPM Editorial

WTO regime now in place

2006-03-28T00:11:00.000-08:00

Last year, China was wracked by more than 20,000 demonstrations involving millions who were protesting their loss of jobs and livelihood. So far, the State had managed to stave off the inevitable closure of thousands of factories that have become obsolete. With the WTO regime now in place, those state run companies must face the chopping block. This will worsen an already bad unemployment situation. And idle workers with no economic future can create havoc if they see a handful of billionaires gorging on the fruits of economic reform.

Source: IIPM - Business & Economy

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Copyright 2006, IIPM

IIPM Economy Journal

2006-03-21T01:59:00.000-08:00

Rather, today’s gold is variously an industrial commodity, if not one with any particularly critical application; an investment vehicle, as which it is subject the vicissitudes of intellectual fashion; and a speculative outlet – and thus, even more prone to the violence of leverage and the exigencies of margin. The dollar price of gold may well therefore rise – and rise appreciably – inversely with the decline in the dollar, which so many of us think is a near inevitability in the foreseeable future.

Source: IIPM - Business & Economy

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IIPM - Managers and Entrepreneurs

2006-03-15T23:17:00.000-08:00

Publication - IIPM

Unfortunately, the long-term trend towards ever-lower income shares for unskilled workers is likely to continue over the coming decades, as modern technology permeates the globe, and as emerging markets like China, India, Brazil, and Eastern Europe continue to integrate into global production. This is not to say that unskilled workers are actually being made worse off by globalisation in absolute terms; the vast majority are actually breaking even or better. But unskilled workers’ incomes are not keeping pace with overall economic growth, and the resulting social strains are a ticking bomb.

Source: IIPM - Business & Economy

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