Who said globalization unites the world?

In most cases people are either anti-Semitic like in Hungary or hate the presence of people of other nationalities in their country, like is the case in Italy. On April 7 this year in Russia, a Senegalese student was shot dead in St. Petersburg, preceded by a similar attack on a Vietnamese student the previous day. More surprisingly, convicts of such incidents oft en get a lenient verdict, which give more impetus to such incidents. As globalization permeates the national boundaries and more jobs get outsourced to Asia, this can only rise. Who said globalization unites the world? And who said Hitler is dead? His ideals, sadly, continue to make their presence felt.

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Source: IIPM, 4Ps, B&E

The Lebanese and Palestinians have responded to Israel’s persistent...

Even the Maronite Catholic patriarch, the spiritual leader of the most pro-Western sector in Lebanon, joined the Sunni and Shiite religious leaders in a statement condemning the “aggression” and hailing “the resistance, mainly led by Hezbollah.” The poll also found that 90% of the Lebanese regard the United States as being “complicit in Israel’s war crimes against the Lebanese people.” Amal Saad-Ghorayeb, Lebanon’s leading academic scholar on Hezbollah, observes that “these findings are all the more significant when compared to the results of a similar survey conducted just five months ago, which showed that only 58% of all Lebanese believed Hezbollah had the right to remain armed, and hence, continue its resistance activity.” The dynamics are pretty familiar. Rami G. Khouri, an editor of Lebanon’s Daily Star, writes that “the Lebanese and Palestinians have responded to Israel’s persistent and increasingly savage attacks against entire civilian populations by creating parallel or alternative leaderships that can protect them and deliver essential services.”

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Editor: Arindam Chaudhuri; Source: IIPM Publication

Ranbaxy (IIPM: 4Ps Publication)

If a list of true Indian multinationals were to be compiled, pharma major Ranbaxy would undoubtedly be one of those that have done India proud in the global arena. Launched way back in 1961, today the company is ranked amongst the top ten generic pharma companies worldwide and has manufacturing operations in 8 countries with ground presence in 49 countries & products available in over 125 countries. Consider this – the company’s sales were valued at US $1.178 billion, out of which overseas markets accounted for 76% of global sales, the company’s largest market is USA, apart from robust operations in UK, France, Germany, Russia, India, Brazil and South Africa. At the same time, Japan, Italy, Spain and several other markets in the Asia Pacific are also being proactively targeted. “While Ranbaxy aggressively pursues its internationalization strategy, it focuses equally on growth through the enhancement of its market share in India,” the company statement reads. Ranbaxy aims at a turnover of $5 billion by the year 2012, and aspires to be among the top 5 global players in the generics space. Whoa! And the secret for its success – the company at a very early stage of its existence realised the importance for R&D and invested in the same; investments that are clearly paying off now. Since its first R&D centre in Gurgaon set up in 1994, today the company spends around 6% of its turnover on R&D. If you can think of another Indian company with that much attitude, tell us, and we’ll build the world a better mousetrap.


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Editor: Arindam Chaudhuri

Source: IIPM Publication

You wouldn’t have heard about this! :: IIPM Publication

A “country” that lives in camps, where the elected PM is a refugee...

Three decades after the declaration of the existence of Sahrawi Arab Democratic Republic (SADR), the people of this ‘non-country’ are still waiting for peaceful independence. With uncertain political future, Africa’s last colony has moved from one shackle to the other. After Spain’s withdrawal in 1975, Morocco stepped in to take over control. The Sahrawi Polisario Liberation Front declared the formation of SADR, formed a government in exile and began hostilities for independence from Morroco. Despite the ceasefire in 1991, the SADR remains a non-country for all practical purposes. Morocco has continually stalled the questions on referendum demanded by the United Nations in which Sahrawis would choose either independence or integration into Morocco. And now the frustration amongst Sahrawis is obvious. The state they live in is a curious entity. It has an elected President, Prime Minister and local representatives, but their legitimacy extends only as far as the UN Security Council allows it. On the ground, it is little more than a collection of refugee camps, reliant on UN food aid and at the mercy of the harsh Saharan climate. Resources like oil, uranium, iron and phosphates in the region make the issue even more critically complicated. Morocco must now be forced by the UN to allow true independence to SADR. With generations having grown up in refugee camps, resumption of hostilities can’t be negated. And with that, yet another region in Africa would get embroiled in war and conflicts.

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Source: (Business& Economy), IIPM; Editor: Arindam Chaudhuri

IIPM Publication: Why should organic growth be cast as a process challenge?

Que: Why was that important? Why should organic growth be cast as a process challenge? Please explain.

Ans: If you run a big multi-business company like GE and you’re trying to lead transformative change, that objective has to be linked to hitting levers across all of the businesses – and it must keep that up over time. So you’ve got to have a process. That’s true from an internal standpoint, but it’s also the only way you get paid in the marketplace. Investors have to see that it’s repeatable. I knew that if I could define a process and set the right metrics, this company could go hundred miles an hour in the right direction.

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

Hyundai for new plant in India (IIPM Publication)

Korean auto major Hyundai has selected Chennai to set up a second engine and transmission plant. The move will help the company accomplish its vision of making India an export hub for its compact cars. Once the second assembly unit tarts functioning, the production capacity at Hyundai will touch the 600,000 mark. Hyundai’s last year exports constituted 33% of its total sales. The company is also seeking to enter into newer markets in the Asia-Pacific region like Singapore and New Zealand. Hyundai aims to raise its sales in India by 11.2% this year. With one more plant coming up, Hyundai is sure to lead India’s car export bandwagon.

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Source: Publication, IIPM

The health insurance sector saw the maximum number of discontented customers (IIPM Publication)

Companies like TATA AIG and Bajaj Allianz are pulled by the thrust of the engine of powerful brand names, in which target customers place massive amounts of trust. The TATA brand is also putting all efforts forward to make a distinct brand identity by providing bonus and additional facilities. The health insurance sector saw the maximum number of discontented customers, with TATA AIG again being voiced as the top brand. As far as the public sector undertakings are concerned, their very origin serves as their Achille’s Heel.

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Source: IIPM Publication