IIPM-Press Article :- KRRISH RETURNS!

Indian Animation Industry Must Invest In Technology & Manpower

Picture this: Cinema hall operators all around the world are planning to dethrone the all time famous superhero in the new flick – Superman Returns – so they can showcase the new Indian superhero, Krrish! Reason: People are flocking to theatres to watch the zing & special effects associated with Krrish; and amazingly, over 50% of them are foreigners. And it all started with the epic fl ying superhero Hanuman, an animation movie credited with the revival of the Indian animation film industry. While the Indian film industry as a whole is booming and expected to clock revenues worth $3.3 billion by 2010 (FICCI- b PwC Report), the growth is set to be driven by the animation sector.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

IIPM-4Ps:- SPARE THE LAW, SPOIL THEIR ETHICS!

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CORPORATE MISDEMEANOURS ARE HERE TO STAY; LAW MUST TAKE ITS COURSE

What’s common between Exxon-Mobil, Wal-Mart and GE besides being the only three to have ever occupied the top spot on Fortune 500 list of top global corporations? Well, they have all been booked during the course of their glittery past for ‘unethical’ acts! And there are many more names to add to the gang of unethical practitioners! The latest is Microsoft , which was fined $357 million on July 12, 2006 by EU for its unethical, monopolistic act of ‘non-code sharing’? Microsoft , of course, is an instance o fl outing norms to protect market leadership. More shameful have been stock market frauds for petty personal gains.

The twenty major frauds since 2002 eroded a cyclopean $236 billion from shareholders’ wealth’! The biggest losses ever, due to corporate frauds were in Tyco ($84.2 bil billion), Lucent ($55.5 billion), WorldCom ($26.9 billion), Enron ($25 billion) and Xerox ($9.8 billion). Most astonishingly, according to a Price Water house Coopers’ Global Economic Crime Survey 2005, 62% of larger companies have been victims of frauds, as compared to 36% among smaller fi rms. Other famously infamous instances of fl outing norms are Hyundai Chairman Chung Moong Koo’s arrest for bribery, Samsung’s fixing of chip prices globally, Toyota selling SUVs that failed regulatory standards and Wal- Mart engaging in unethical pricing.

Rudy Hoskens, Director, Dispute Analysis and Investigation, PwC Belgium puts it thus, “It will probably not be possible to rule out economic crime, but a company can at least create an environment where ethical behaviour is discouraged.” But then, why are we so hard on the companies? They face gargantuan pressures to perform, and have to strive to create shareholder value. The Devil’s Advocate forever beckons the corporate bigwigs to bend the rules here and there, be it to protect market share, drive down costs or make some quick dough. And they do tend to succumb every now and then to the temptation. It’s up to the law of the land to protect the people.

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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006

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IIPM-News:- BURDEN OF GREAT EXPECTATIONS

GE’S FOCUS SHOULD ACTUALLY BE CONSOLIDATION AND CONCENTRATION AND ‘NOT’ FURTHER DIVERSIFI CATION…

September 2001 - a fateful month in the history of corporate America! Hold it! No reference is being made here to the terrorist attacks; we are referring to Jeff Immelt taking over as CEO and Chairman of General Electric (GE) – the icon for all conglomerates! And he had to follow up on one of the most iconic CEOs of all time – the inimitable Jack Welch. And at a time when America was reeling from the impact of the dotcom bust, and yes 9/11. Owing to his restructuring initiatives, GE’s revenues have increased by 50% in five years to touch $144.3 billion in 2005. But dismally, Wall Street GE’s share price is southward bound (currently at $32.88 on the NYSE)! According to Peter Dunay, Chief Strategist, Leeb Index Trader (NY), “...it’s going to get worse for GE. We don’t expect the stocks to perform any better in the near future...” A weird paradox for sure. It’s been a more or less satisfactory performance by GE in terms of revenues.

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Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

LABOURED MIGRANT

...IS THE CONDITION OF MIGRANT CLASS

On the trains that ply from the impoverished eastern region to the promised land of the Western India, the socio-economic stratification of India is aptly displayed. These overloaded trains carry along those who are denied opportunities in their homeland; they make up the much derided factor of production; labour. Displaying the scale and growth of regional disparity, these migrations have serious implications. The per capita income ratios between the highest & the lowest earning states, Punjab & Bihar respectively, (as well as between Maharashtra & Bihar) are 4.19 & 3.94 respectively. With poverty concentrated in eastern states & rain-fed regions of western India, the local residents participate extensively in inter-regional migration as that constitutes a significant livelihood strategy.

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Source:- IIPM-Business and Economy, Author:- Prof. Arindam Chaudhuri - 2006

THE SHIA SHOCK

WITHOUT DOUBT, CIVIL WAR BECKONS

As the Hizbollah pound rockets into Israel, the renewed confidence banking on daredevilry of the Shiite group is more than apparent. And that audacity is not an isolated gimmick, but can be read as the growing confidence in the Shia population across the region, to challenge the might of US and its Zionist ally – Israel. For example, in Iraq, the immediate aftermath of Saddam’s ouster was an infinite American control over Iraqi oil; but the move also created a geo-political void that got filled in by religious & ethnic aspirations. Despite an all out American support to the ‘secular’ alternative of Allawi’s Iraqiyah Party, it was the Shia dominated United Iraqi Alliance that won the largest number of seats in the post-Saddam Iraqi Parliament.

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Source:- IIPM-Business and Economy, Author:- Prof. Arindam Chaudhuri - 2006

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