Companies are scrapping pension plans; social security is in dire straits

The consequences are debilitating. First of all, a move away from de- fined benefit to defined contribution shift s the liability from employers to employees and can land the employees in a situation where they might not have adequate retirement income. Secondly, from the company perspective, it would become harder for them to attract and retain employees as a defined benefit plan is a very good incentive measure in the hands of employers. The situation is no better for the government, which is in deep waters as more and more companies are lining up at its doorstep for bailouts due to
bankruptcies.

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Source:- IIPM Editorial, 2006

Author:- Prof. Arindam Chaudhuri.

Great White Hope(s)... blacked out!

4th of July 1910: Here I am in the forgotten desert town of Reno in Nevada, and I’m about to witness what might well be the greatest ‘upset’ the boxing world has seen. Arthur John ‘Jack’ Johnson, aka the ‘Galveston Giant’, a man who baited and beat Canadian champion Tomy Burns to pulp (in a fight that was ‘blacked out’ on television) is going up against James Jeffries, dubbed ‘The Great White Hope’, the great white champion, coming out of retirement to wrest the title of ‘World Heavyweight Champion’ and restore honour to bruised ‘white pride’.

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Source:- IIPM Editorial, 2006 Author:- Prof. Arindam Chaudhuri

You’ve got mail!

No wonder you see the same ads being repeated again and again on T.V. So don’t stop mailing. Keep in touch with your customers constantly. Keep knocking on their mail boxes and keep reminding them about you and your product – they will take notice. If your mailer is well written and relevant they will respond. So go ahead reach out directly to them and say – you’ve got mail! It will work.

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Source:- IIPM Editorial, 2006

East may be East and West may be West

The sagely doctor demonstrates how to leverage these insights in such a way that an immutable emotional connect with customers will be established. To snip a long story short, Mikunda argues that winning over the heart and mind of a prospective customer cannot be viewed in a disparate light. East may be East and West may be West, but the twain shall definitely meet… much akin to two sides of a coin; you can’t have one without the other!

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Source:- IIPM Editorial, 2006

Bijli does not believe in commoditizing his brand

Bijli does not believe in commoditizing his brand, rather he believes in the 360-degree approach. Says Bijli “we carefully study the demography of the area and the location has to be ultimate, it should be somewhere where there is an appetite to watch movies and there we should be seen as a brand.”

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Source:- IIPM Editorial, 2006

Labour market - IIPM News

However, five years down the line, the contribution of existing SEZs to overall exports still remains unsatisfactory (though some may consider it too early to comment). Policy makers may be quick to cite India’s late entry in the SEZ race (compared to China) and the long gestation period of SEZs as a justification, but they can definitely not justify the lack of will of successive governments to address core issues like labour market reforms, which are essential for attracting investment.

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Source:- IIPM Editorial, 2006

“Intelligent design” - IIPM Publication

Americans who think that schools must only teach the modern theory of evolution. President George Bush, too, has jumped into the fray by proclaiming off-hand that “intelligent design” could be taught in schools. Intelligent design is basically jargon for the strongly held belief that only God could have created such a complex system as the Universe. This has outraged liberals who have been witnessing the steady erosion of secular and liberal values, as far right conservatives capture increasing spaces in civil society.

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Source:- IIPM Editorial, 2006

Nnew regulatory environment : IIPM News

Has the new regulatory environment in the United States – brought on by its spate of corporate scandals – crippled the country’s entrepreneurial spirit and dulled its competitive edge? Absolutely not. There can be no denying that in 2001, two major events significantly impacted the US business environment. First, the well-publicized spate of corporate scandals that began to unfold that year led to the eventual passage of the Sarbanes-Oxley Act, with its new legion of constrictive financial reporting requirements and correspondingly severe penalties.

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Source:- IIPM Editorial, 2006

Publication and Research, IIPM

Analytically speaking, when compared to all banks in Asia, Indian banks’ share of Tier 1 capital (gross of equity and disclosed reserves) is only 6%, and of gross assets is 6.5% (The Banker, 2005 Annual Issue). While this may seem puny, the fact is that India’s GDP is approximately 7% of Asian GDP; thus proving that even the above ratios are not way off the mark.

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Source:- IIPM Editorial, 2006

Political gamesmanship over India’s reservations policy could cast a shadow over India’s ambitions of emerging as a global economic power in the 21st

-IIPM

Time and again, prominent intellectuals have been voicing their concern. Only recently, while speaking for the Forum of Free Enterprise, N. R. Narayana Murthy, chief mentor, Infosys, said, “The key to creating good human capital is human development... Critical policy areas include education, public health, family planning and economic policies such as labour market flexibility. However, the key indicators show how India has fallen behind in... human development.”

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Source:- IIPM Editorial, 2006

Introduction of CPP (Calling Party Pays) and reduction of ADC (Access Deficit Charge) - IIPM

Recent measures to improve competition have been introduction of CPP (Calling Party Pays) and reduction of ADC (Access Deficit Charge) to 10%. A result of competition and growth is a consistent decline in average revenue per user; but the turnovers have also increased significantly, according to a TRAI report.

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Source:- IIPM Editorial, 2006

Legalized theft - IIPM News

Legalized theft, which is a progressive income tax, for example, may be both a violation of our natural rights and a monstrous flouting of the intention of America’s Founding Fathers, but nonetheless, we all routinely render unto Caesar what is Caesar’s in this regard; as do we daily bend our fearful necks beneath all manner of petty, state-imposed tyrannies of dubious morality, and of even less demonstrable efficacy.

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Source :- IIPM Editorial, 2006

A dissent to your dissent, Mr. Landis - IIPM News

The intriguing aspect of this conclusion is that it is not because gold eventually moves toward commodity prices but because commodity prices move toward gold.

Source:- IIPM Editorial

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Copyright: IIPM-2006

India and Korea - IIPM

The volume of bilateral trade touched the $4.42 billion mark in 2004, up by almost 23.13% over the last year. Imports from Korea to India reached $3.4 billion in 2004. India exported goods and services worth $996 million to Korea in 2004, an increase of 30.22% over 2003.


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Source:- IIPM Editorial, 2006

Canada - A great place for Entrepreneurs - IIPM News

Canada is considered as a great place for entrepreneurs. According to KPMG G-7 Competitive Alternatives (2004 edition), Canada ranks as the least-cost country among 11 major economies. Further, Canada ranks first in terms of cost advantages in several manufacturing industries, particularly in R&D intensive sectors such as aerospace, electronics, and biotechnology.


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Source:- IIPM Editorial, 2006

Chinese energy companies have bagged rights - IIPM

Even before this vote, Chinese energy companies have bagged rights for the richest oil and gas fields while Indian companies like ONGC and GAIL have struggled. Of immediate concern was the the $ 5.5 billion LNG gas pipeline deal where Pakistan is also involved.

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Source:- IIPM Editorial, 2006